Pillsbury Winthrop Shaw Pittman
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The US District Court for the Western District of Washington found that certain distressed debt funds were not ‘financial institutions’ under the definition of ‘eligible assignee’.
Third Circuit concludes personal injury causes of action against a successor to debtor’s business are generalised claims
Personal injury claims of individuals allegedly harmed by a bankrupt debtor’s products cannot be asserted against a pre-petition purchaser of the debtor’s assets.
Lehman: new limitations on plan payment of individual creditors’ committee members’ professional fees
A court has issued a decision barring reorganisation plans from paying the legal fees of members of official creditors’ committees absent a showing of substantial contribution to the estate.
This alert provides guidance on what private contracting parties affected by the US shutdown should consider.