Since the college admissions scandal broke in March, it has been nearly impossible to avoid headlines about celebrities and top universities caught up in this tangled web of bribery and deceit. The master puppeteer in this saga, William Singer, has been in the college counseling industry for close...
Defending class-action litigation, meritorious or otherwise, is an unfortunate reality for many large corporations. Often, litigation of this sort can precipitate a bankruptcy filing; other times, an unrelated bankruptcy filing and the attendant publicity can bring previously dormant class claims...
The municipal bond market and the marijuana industry recently had something in common: ambiguity or, really, the lack thereof. Two recent decisions, one in the 1st Circuit and one in the 9th Circuit, turned on the courts’ findings that the relevant statutes involved were unambiguous. The Oxford...
Occasionally, massive tort liability can be the sole reason a company files for Chapter 11 protection. See In re Johns Manville Corp., 982 F. 2d 721 (2d Cir. 1992): In re A.H. Robins Co., 862 F. 2d 1092 (4 th Cir. 1988); In re Dow Corning Corp., 211 B.R. 545 (Bankr. E.D. Mich. 1997). This was the...
The U.S. opioid crisis and the avalanche of lawsuits it has produced may lead numerous pharmaceutical companies to seek bankruptcy relief, perhaps rivaling the asbestos bankruptcies of the late 1990s and early 2000s. New legal actions are being filed against pharmaceutical manufacturers and...