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ABI Journal

September 25, 2024

To Defeat Summary Judgment, an Affidavit Can’t Be Contradictory, Fifth Circuit Says

A court can evaluate the credibility of an affidavit when deciding whether there’s a material issue of disputed fact to defeat summary judgment.

5th Circuit

September 24, 2024

U.S. Trustee Moves to Transfer Venue of New J&J Case from Houston to New Jersey

The new J&J filing starkly raises the issue of venue-shopping. If the new case remains in Houston, the Texas court would not be bound by the Third Circuit’s ‘financial distress’ requirement.

3rd Circuit, New Jersey

September 20, 2024

The Time Has Come to Reconsider Whether Trustees Are Subject to In Pari Delicto

Bound by circuit precedent, the Eighth Circuit held that a prior receivership does not cleanse the bankruptcy estate of the in pari delicto defense.

8th Circuit

September 19, 2024

Fraudulent Transfer Suit Does Not Require Injury to Creditors, Circuit Says

A trustee has standing and a claim for fraudulent transfer just because a fraudulent transfer erodes assets of the bankrupt estate.

9th Circuit

September 06, 2024

Eighth Circuit Holds that § 303(i) Damages Are Available for § 305(a) Dismissal

Eighth Circuit panel disagrees about whether federal preemption bars state law claims for dismissal of an involuntary petition.

8th Circuit

August 30, 2024

Circuits Are Split on the Extent to Which Bankruptcy Law Preempts State Law

The Ninth Circuit held that a debtor’s claim for malicious prosecution must be brought in bankruptcy court and may not be filed in state court.

9th Circuit

August 27, 2024

Sovereign Immunity Is Difficult (Impossible?) to Waive in the Ninth Circuit

Reversing the BAP, the Ninth Circuit held that counsel’s oral waiver of sovereign immunity did not bind the state.

9th Circuit

August 05, 2024

A Bankruptcy Case on Rule 60(b) Could End Up in the Supreme Court Next Term

Deciding a bankruptcy appeal, the Sixth Circuit deepened an existing circuit split on time limitations for Rule 60(b)(4) motions.

6th Circuit

July 12, 2024

Delaware Judge Pegs Low Values for Crypto Tokens in FTX Bankruptcy Case

The debtor’s prebankruptcy machinations to inflate the value of tokens resulted in low claim valuations in bankruptcy.

3rd Circuit, Delaware

July 11, 2024

Owning a Marijuana Business Doesn’t Disqualify the Owner from Being in Chapter 7

Bankruptcy Judge Montali didn’t toss an individual out of chapter 7 just because he owned two LLCs that sold marijuana at retail.

9th Circuit, California, California Northern District