The US Supreme Court [official website] on Wednesday heard oral arguments [day call, PDF] in Czyzewski v. Jevic Holding Corporation [SCOTUSblog materials], a case that will determine whether the "structured dismissal" settlement plan for Chapter 11 bankruptcy proceedings is permissible despite violating the statutory priority scheme.
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Purdue Pharma gets its day in court after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. Purdue Pharma gets its day in court after the OxyContin maker filed for bankruptcy and negotiated a potential multi.
The Supreme Court is scheduled to hear oral arguments in Czyzewski v. Jevic Holding Corp. on November 28. In this week’s posts, Bruce Grohsgal argues in favor of structured dismissals in his forthcoming article, and Melissa Jacoby and Jonathan Lipson , in an amicus brief signed by several law professors, argue that the Court should reject the structured dismissal in this case as a violation of absolute priority.
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How The US Supreme Court Is Resurrecting The Spirit Of Anna Nicole Smith Yet Again. America’s highest court is hearing a complex bankruptcy case that will examine unresolved issues from a 2011 supreme court dispute involving Smith’s estate, as Erwin Chemerinsky points out in the National Law Journal. The 2011 case was Stern v.
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 As a result, we need not consider the conflict in the affidavit testimony between Ward-Poag’s bankruptcy counsel and a Chapter 13 bankruptcy trustee concerning the adequacy of Ward-Poag’s.
SKILLING v. UNITED STATES. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT No. 08-1394. Argued March 1, 2010-Decided June 24, 2010 Founded in 1985, Enron Corporation grew from its headquarters in Houston, Texas, into the seventh highest-revenue-grossing company in America.
A debtor cannot file under chapter 12 (or any other chapter) if during the preceding 180 days a prior bankruptcy petition was dismissed due to the debtor’s willful failure to appear before the court or comply with orders of the court or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property upon.
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