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The practice of appointing one or more independent directors to the boards of distressed companies has not only proliferated in recent years, but has become the subject of increasing controversy.

Shulman Rogers' Bankruptcy, Restructuring and Creditors' Rights Team is pleased to provide an update on the status of residential foreclosures in Maryland.

Yann Geron was featured in the Law360 article "Thelen Judge Approves Trustee’s Deals with 3 Ex-Partners."

A $4 million settlement was recently signed off by a New York bankruptcy judge to resolve a class action lawsuit brought on by former employees of Thelen LLP.

In an article published in The International Scene column of the American Bankruptcy Institute's ABI Journal, Partners George Shuster and Benjamin Loveland discuss the various decisions that indicate a trend of US.

The bankruptcy court grants the debtor's motion to dismiss the nondischargeability action.

"A spike in coronavirus infections through the US holiday shopping season could trigger more bankruptcies...

In the case, Valley View Downs, LP agreed to purchase all of Bedford Downs' stock for $55 million.

On June 27, the U.S. Supreme Court announced a 5-4 decision rejecting the nonconsensual releases of the Sackler family in the Purdue Pharma bankruptcy case. The split is an interesting alignment of

The Sixth Circuit affirms the district court's finding that the Chapter 11 plan was proposed in bad faith. The plan proposed to pay small claims in full but over a 60-day period.

On remand from the Sixth Circuit, the district court apportions fault 50/50 between the two defendants (pursuant to KRS 411.182) and reduces the punitive damage award proportionally with the reduction of compensatory damages.

The Sixth Circuit affirms the lower courts, holding that the creditor willfully violated the automatic stay and punitive damages were appropriate. The creditor had been the debtor's landlord.

The Supreme Court holds that certain claims entitled to Article III adjudication (i.e. Stern claims) may be decided by bankruptcy judges when the parties knowingly and voluntarily consent to such adjudication.

Staring down market uncertainty, larger midsize firms are adding scale and new markets, while smaller firms look for dance partners to cut costs and hand off administrative duties.

According to sources, GTT Communications is heading into Chapter 11 bankruptcy.

Section 365(d) of the Bankruptcy Code requires the debtor-tenant to satisfy all the terms under the lease during the post petition period until the tenant either rejects the lease, or assumes and assigns it to a third-party.

True but not fully. Claims that arise during the bankruptcy case from goods or service received by the debtor during bankruptcy have an administrative claim.

On January 29, 2019, California's Pacific Gas and Electric, one of the nation's largest utilities, filed for Chapter 11 bankruptcy protection.