Sen. Chris Coons (D-Del.) yesterday became chairman of the Senate Judiciary Subcommittee on Bankruptcy and the Courts after a vote by the Judiciary Committee, replacing Sen. Amy Klobuchar (D-Minn.), Bloomberg News reported today. The subcommittee also oversees new judgeships, court administration and legal reform. Coons defended Delaware's dominant position for corporate bankruptcy filings, saying that the judges and attorneys in his state have expertise that can speed corporations through bankruptcy and preserve jobs where possible. “For those who like Delaware as a bankruptcy venue, this is a good development,” said ABI Executive Director Samuel J. Gerdano.
