June 23 liquidating trustee trust york
Our practice is structured to facilitate prompt team formation, which allows us to get up and running without delay. 25, 2014), which explores the effect of the automatic bankruptcy stay on an order correcting a mistake in a prior order. In a neat, short opinion, the Delaware Supreme Court dealt with a situation that the chief justice characterized as "Kafkaesque" at oral argument and "unusual" in the written opinion. In part I of this article, we discussed how in Quantum Technology Partners IV L. The Pennsylvania plaintiffs alleged that Pontone, while still employed by York and Milso, participated in a wrongful scheme to induce several of their employees and many of their customers to switch to their main competitor. The doctrines of champerty and maintenance live on in Delaware, at least for the time being.
The firm has local offices in 24 different cities in the United States, Canada, and the United Kingdom, including Houston, and the important bankruptcy hubs, New York City and Wilmington, Del. The decision also discussed whether a guarantor is in privity with the primary obligor for res judicata purposes. They alleged that these actions violated Pontone's employment agreement, which included express noncompete and nonsolicitation covenants, as well as the common law.
Barry Klayman and Mark Felger co-authored an article in the Delaware Business Court Insider discussing a pair of decisions from the Delaware Bankruptcy Court that address whether persons providing services to debtors relating to the disposition and monetization of real estate, intellectual property, and other estate assets are “professionals.” Barry Klayman and Mark Felger co-authored an article in the Delaware Business Court Insider discussing a recent case from the Delaware Bankruptcy Court holding that an anti-assignment clause in a promissory note was enforceable under Delaware law. Kleinman discuss the recent decision of In re Great Lakes Quick Lube LP, in which the Seventh Circuit held that the termination of a debtor’s leasehold interest pre-bankruptcy via a termination agreement is subject to being set aside as either a preferential and/or fraudulent transfer under the Bankruptcy Code. The decision places another hurdle for creditors to surmount when considering whether to put a debtor in bankruptcy and creates another means for debtors to oppose such filings. Felger published an article in the Delaware Business Court Insider discussing the finding that the plaintiffs' conduct was "prejudicial to the administration of justice" in the Optimis Corp v.
They also serve as mediators in high-level disputes, so they are adept at focusing negotiations and navigating smoothly around potential roadblocks. May 14, 2014) (Master's Final Report), Master in Chancery Abigail M. Cozen O’Connor is pleased to announce that it has expanded its Bankruptcy, Insolvency, and Restructuring Practice Group with the hiring of Frederick E.
Bankruptcy is unique from other practice areas, because it combines transactional and litigation practice. District Court for the District of Delaware concluded that the adequacy of the notice provided to unknown creditors had not been meaningfully explored by the bankruptcy court and likely was not reasonably calculated to apprise them of the bar date. Le Grow faced the "unwelcome task" of finding an appropriate middle ground between the extreme positions taken by the parties in a Section 220 action concerning what terms should be included in a confidentiality order in connection with the inspection of corporate books and records where inspection was sought in part to assist the stockholder in marketing its shares.
Attorneys must design complicated contracts as readily as they make oral arguments. The Worker Adjustment and Retraining Notification Act (WARN Act) was enacted in 1988 to allow workers to adjust to the prospective loss of employment from a plant closing or mass layoff. A minority stockholder in a privately held corporation makes a demand to inspect the books and records of the corporation under Section 220 of the Delaware General Corporation Law.
Cozen O’Connor’s bankruptcy attorneys’ breadth of experience in putting deals together and trying cases makes them ideally suited to operate at this legal crossroads. It requires employers to give affected employees 60 days' advance notice of such events. The stockholder states that the purpose of the inspection is to value his shares and to explore a possible sale of the stock.