Is there an obligation to sell to the highest bidder in a bankruptcy sale?

In Kaltenheuser, a deed in lieu of foreclosure was executed and placed in escrow in connection with a settlement agreement approved by a state court order.

A secured creditor (MTGLQ) challenged the votes of another creditor that purchased claims on the grounds that either (1) the creditor should be treated as an insider or (2) it cast its votes in bad faith.

A mortgaged building was destroyed by fire prior to the mortgagor’s bankruptcy filing.

In Green, a lender refinanced a first priority deed of trust loan that had been made by IndyMac Bank, F.S.B.

On January 15, 2014, the Federal Circuit issued in "Novartis v. Lee" its anticipated opinion regarding the proper interpretation of 35 U.S.C. § 154, the statute that determines how patent term adjustment is calculated.

The U.S. Supreme Court recently held that human genes are not patent eligible subject matter under 35 U.S.C. §101 simply because they have been isolated from the surrounding genetic material.

Potentially signaling an expansion of the scope of constitutional standing in data breach cases, a district court in the Northern District of California recently held that the exposure of users' non-sensitive, ...

Real estate agents who worked for Grubb & Ellis Co. prior to its bankruptcy sought allowance of their claims for commissions as an administrative expense.

Green Globes is a green building certification system that evolved from BREEAM (UK building certification system).

Pennsylvania recently joined the ranks of more than 30 other states when Gov. Tom Corbett signed legislation permitting public-private partnerships for transportation projects.

Pennsylvania recently passed 72 P.S. § 9111(t), specifically aimed at eliminating the Pennsylvania inheritance tax on small family-owned businesses.

Eighteen months after amending CFTC Regulation 4.5 to narrow the registered investment company exclusion from the definition of commodity pool operator and issuing a companion release proposing to amend certain provisions of Part 4 of its regulations to apply to RICs, on August 13, 2013, the Commodity Futures Trading Commission adopted final rules delineating the harmonization of compliance obligations for RICs that are also required to register as CPOs.

A discussion on whether the board of directors of a Delaware corporation may adopt a bylaw that binds stockholders to bring particular types of causes of action against the corporation or its directors in Delaware.

In an effort to summarize the highlights of the LEAN E-mail Blasts that we receive, and rarely have time to review in a timely fashion, we at Pepper Hamilton are providing this quick synopsis of the latest LEAN update.

Under Section 362 of the Bankruptcy Code, filing a bankruptcy case automatically stays a wide variety of actions

The Divisional Court recently issued an important decision, Association of Professors of the University of Ottawa v. University of Ottawa ...

In late 2016 ISS and Glass Lewis both revised their proxy voting guidelines to address overboarding concerns.

The New Jersey Legislature has recently introduced a bill that could drastically limit the enforceability of non-compete, non-solicitation, and non-disclosure agreements that New Jersey employers routinely enter into with their employees.

Massachusetts has enacted a Predatory Home Loan Practices Act (Chapter 183C), which among other things requires that lenders making "high-cost" mortgage loans must (i) obtain a certification that the borrower has received counseling and (ii) reasonably believe that the borrower has the ability to make the scheduled loan payments.