Since the college admissions scandal broke in March, it has been nearly impossible to avoid headlines about celebrities and top universities caught up in this tangled web of bribery and deceit. The master puppeteer in this saga, William Singer, has been in the college counseling industry for close...
Defending class-action litigation, meritorious or otherwise, is an unfortunate reality for many large corporations. Often, litigation of this sort can precipitate a bankruptcy filing; other times, an unrelated bankruptcy filing and the attendant publicity can bring previously dormant class claims...
The municipal bond market and the marijuana industry recently had something in common: ambiguity or, really, the lack thereof. Two recent decisions, one in the 1st Circuit and one in the 9th Circuit, turned on the courts’ findings that the relevant statutes involved were unambiguous. The Oxford...
Occasionally, massive tort liability can be the sole reason a company files for Chapter 11 protection. See In re Johns Manville Corp., 982 F. 2d 721 (2d Cir. 1992): In re A.H. Robins Co., 862 F. 2d 1092 (4 th Cir. 1988); In re Dow Corning Corp., 211 B.R. 545 (Bankr. E.D. Mich. 1997). This was the...
The U.S. opioid crisis and the avalanche of lawsuits it has produced may lead numerous pharmaceutical companies to seek bankruptcy relief, perhaps rivaling the asbestos bankruptcies of the late 1990s and early 2000s. New legal actions are being filed against pharmaceutical manufacturers and...
Today I want to celebrate diversity—not just talk about it but truly celebrate it. Fifty years ago, an uprising occurred at the Stonewall Inn in New York City that changed the face of diversity forever. It opened doors not just to one community but to a nation that was still struggling with...
Arizona Holly E. Daetwyler, MCA Financial Group Ltd. Atlanta Guy Camerlengo, Huntington Business Credit Geoffrey Samuels, Commercial Funding Inc. California - Northern Shirley J. Daniel Philippe A. Poux California - Southern Marco Simmons, Wells Fargo Capital Finance Jake Thomas Carolinas Becky P...
John Cronin , Fred Raccosta , and Jason Rae have been promoted to managing director at Tiger Capital Group . Cronin has more than 20 years’ experience in both the liquidation and appraisal businesses and since 2012 has been the firm’s director of planning & analysis. Raccosta, a 28-year veteran...
Welcome to TMA Talks , a regular series of podcasts hosted by TMA Global CEO Scott Y. Stuart, Esq . Each segment features prominent TMA members, industry experts, and other special guests. These exchanges, edited transcripts of which are printed in the JCR , offer insights into key markets, forward...
As a condition precedent to confirming a Chapter 11 plan, Section 1129(a)(11) of the U.S. Bankruptcy Code requires a finding from the Bankruptcy Court that “confirmation of a plan is not likely to be followed by the liquidation, or the need for further financial reorganization, of the debtor or any...
