Delaware Court of Chancery allows Chapter 11 administrator's Caremark claims to proceed past motion to dismiss
While quite common, Caremark claims (also known as oversight claims) are often regarded as one of the most difficult theories in...
What’s up for real estate (besides interest rates)?
Following our second in a four-part series of Reed Smith Restructuring & Insolvency Roundtables, we take a temperature check this...
Second Circuit Joins Circuits Allowing Nonconsensual Third-Party Releases In Chapter 11 Plan
Summary of Purdue Pharma, L.P. v, City of Grand Prairie (In re Purdue Pharma, L.P.), No. 22–110 – Bk (2d Cir. May 30, 2023)
In a long...
Reading Tea Leaves: The Rate of Chapter 22 Cases Jumps … For Now
If at first you don’t succeed, try (and maybe try) again.
Basic Facts: Nomenclature and Numbers
When a previously reorganized debtor...
Supreme Court Addresses Interplay of Sovereign Immunity And Insolvency Statutes
In two cases in as many months, the Supreme Court tackled the application of sovereign immunity in two separate insolvency statutes. Two...
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