Sometimes, a Claim Purchaser Can’t File a Claim, Delaware Judges Say Judges Stark and Carey from Delaware distinguish between prohibiting the power and the right to assign a claim. Read more about Sometimes, a Claim Purchaser Can’t File a Claim, Delaware Judges Say
New Jersey Tax Foreclosures Can Be Preferences, Third Circuit Rules Although a foreclosure sale can be immune from fraudulent transfer attack, a tax foreclosure not based on the value of the property can be a preference. Read more about New Jersey Tax Foreclosures Can Be Preferences, Third Circuit Rules
Delaware District Court Doesn’t Want 2,400 Johnson & Johnson Talcum Powder Suits The Pacor test for ‘related to’ jurisdiction isn’t so broad when it comes to indemnification agreements. Judge Name - Do not use it. Maryellen Noreika Read more about Delaware District Court Doesn’t Want 2,400 Johnson & Johnson Talcum Powder Suits
The Debtor or Trustee Control the Privileges of an Independent Audit Committee As his parting shot, Judge Carey requires turnover of almost everything in the files of professionals for an independent audit committee. Judge Name - Do not use it. Kevin J. Carey Read more about The Debtor or Trustee Control the Privileges of an Independent Audit Committee
Third Circuit Expands the Flexible Notion of ‘Finality’ on Bankruptcy Appeals The Third Circuit’s new opinion on ‘finality’ will be cast in doubt depending on how the Supreme Court rules in Ritzen. Judge Name - Do not use it. Joseph A. Greenaway Jr. Read more about Third Circuit Expands the Flexible Notion of ‘Finality’ on Bankruptcy Appeals
Intercreditor Agreement Didn’t Apply to Plan Distributions, Third Circuit Holds The Third Circuit wrote an important decision on distributing collateral under an intercreditor agreement, but it wasn’t precedential. Judge Name - Do not use it. Judge Stephanos Bibas Read more about Intercreditor Agreement Didn’t Apply to Plan Distributions, Third Circuit Holds
A Nonparty’s Bankruptcy Isn’t Providing Ground for Removal to Federal Court The right of indemnification by a bankrupt isn’t establishing ‘related to’ jurisdiction in federal court. Judge Name - Do not use it. Ellen Lipton Hollander and Mark A. Kearney Read more about A Nonparty’s Bankruptcy Isn’t Providing Ground for Removal to Federal Court
‘Earmarking’ Only Applies When a Debtor Receives a Loan from a Third Party Money taken from a debtor’s own retirement account to pay a creditor does not qualify for the earmarking defense, Chief Judge Fehling says. Judge Name - Do not use it. Richard E. Fehling Read more about ‘Earmarking’ Only Applies When a Debtor Receives a Loan from a Third Party
Discretionary Bonuses Are Not Per Se Fraudulent Transfers Discretionary bonuses by an insolvent employer are not automatically fraudulent transfers, Judge Silverstein says. Judge Name - Do not use it. Laurie Selber Silverstein Read more about Discretionary Bonuses Are Not Per Se Fraudulent Transfers
Creditors of LPs or LLCs Can’t Sue for Breach of Fiduciary Duty Creditors lack standing in Delaware and other states for derivative liability suits against officers and managers of LPs and LLCs. Judge Name - Do not use it. Kevin J. Carey Read more about Creditors of LPs or LLCs Can’t Sue for Breach of Fiduciary Duty