The ‘cap’ for lease-rejection damages can start when the debtor attempts to surrender the premises.

A D&O policy covering securities claims doesn’t provide coverage for a claim resulting from a fraudulent transfer, the Delaware Supreme Court rules.

An exculpation clause in a chapter 11 plan protected the owner’s counsel from a malpractice suit.

A bankruptcy judge in New York was deferential to foreign liquidators using chapter 15 to extinguish a lawsuit in the U.S. that they saw as a nuisance.

Unlike the case we reported on yesterday, there was no ‘related to’ jurisdiction because the outcome of a suit between two nondebtors wouldn’t have a direct effect on the bankrupt estate.

Courts are split on whether the debt providing eligibility for Sub V must have arisen from a business that was active on the filing date.