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A California appellate recently court ruled that Private Attorneys General Act claims by employees against employers for wage & hour and other claims survive the employer's bankruptcy ...

On June 13, the Pension Benefit Guaranty Corporation ("PBGC") released a final rule that, in most cases, will reduce the amount of pension benefits guaranteed under the agency's single-employer insurance program when a pension plan is terminated in a bankruptcy case.

This afternoon, Fox Rothschild LLP hosted "Plugging the Financial Well: Coping With Customers and Competitors in Bankruptcy," with guest speakers Michael J. Viscount and Raymond M. Patella.

Financial Restructuring special counsel Kathryn Borgeson presents a podcast, Building Better Borrowers, which discusses three of the most important building blocks for a bankruptcy-remote borrower...

According to news reports, on January 29, senior officials at the Consumer Financial Protection Bureau announced internally that the agency will significantly reduce its supervisory examinations and conduct all reviews virtually.

On February 20, 2024, the CFTC approved a proposed rule that would apply a margin adequacy requirement to all futures commission merchants (FCMs), with respect to their customers.

In this era of growing concerns over privacy and data security, financial institutions must take affirmative steps to comply with Rule 9037 of the Federal Rules of Bankruptcy Procedure.

In Simon v. FIA Card Services, N.A., the United States District Court for the District of New Jersey addressed whether the defendants engaged in false, misleading, or deceptive conduct...

In an advance notice of proposed rulemaking ("ANPR"), the FDIC requested feedback on improvements to agency rules that require certain insured depository institutions ("IDIs")

Michael Sweet was quoted in the Detroit Free Press article "Gov. Snyder to be Deposed in Bankruptcy Case This Morning."

On November 11, 2016, the European Commission adopted an Implementing Regulation laying down information for the calculation of technical provisions and basic own funds for reporting with reference dates...

Milbank has successfully represented the Official Committee of Unsecured Creditors of FirstEnergy Solutions Corp.

Owners of Chapter 11 bankruptcy debtors have long devised schemes to try to hold on to their ownership interests while stiffing the debtors' creditors.

On January 19, 2012, the Seventh Circuit in In re River East Plaza, LLC, (No. 11-3263), held in favor of a secured lender further strengthening the rights of secured creditors in bankruptcy cases.

Most courts agree that debtors filing under Chapter 13 of the Bankruptcy Code may strip off liens from their assets to the extent that the encumbrances against the property exceed its value.

In the final episode of our Debt Sales 101 mini-series, we focus on what happens after a debt sale closes and how sellers manage ongoing compliance, oversight, and risk.

On October 4, 2016, the US Federal Reserve Board and the FDIC posted the public portions of the required "targeted submissions" for eight systemically important US banking institutions.

On July 28, 2015, the Federal Reserve Board and the FDIC provided guidance to 119 firms that will be filing updated resolution plans in December 2015.