Rochelle's Daily Wire

The bankruptcy judge only gave nondebtor J&J companies a more limited stay in the second LTL chapter 11 case.

Circuit Judge Thomas Ambro prohibits big companies from filing chapter 11 cases absent ‘financial distress.’

The transfer restrictions in an LLC’s operating agreement are enforceable in a bankruptcy sale, the Tenth Circuit BAP says.

In spreading the automatic stay, the bankruptcy court again employed the traditional analysis without recognition that the non-debtors are solvent.

The automatic stay does not bar increasing authorized shares when the debtor is a minority shareholder.

Delaware corporations must have shareholder approval to sell all or substantially all assets outside of bankruptcy.

Judge in New Jersey explains why chapter 11 is the best alternative for a large company to deal with mass torts.

A creditor can’t elect a trustee to pick its adversary in a lawsuit, Bankruptcy Judge Gunn says.

Officers are presumptively disqualified from KERPs, “absent a strong showing that they do not perform any significant role in management,” a district judge in New York says.

Recent Supreme Court authority supports the conclusion by Delaware’s Judge Sontchi that law from the jurisdiction of incorporation, not federal common law, determines what is or isn’t a business trust eligible for chapter 11.