Contact: Isaac Marcushamer and Douglas Alan Bates; Berger Singerman (Florida, USA)

Ruden McClosky (“Ruden”) and Dewey & LeBoeuf (“Dewey”) both experienced what no business of any kind wants to experience: financial distress and Chapter 11.

During the last quarter of 2012, Ruden, the former large Florida law firm, confirmed its liquidating chapter 11 plan (and the first sale of a law firm’s assets as going concern through Chapter 11 in the history of the United States).  At about the same time, the bankruptcy judge overseeing Dewey’s bankruptcy approved a $71.5 million settlement between the estate of and its former partners. This settlement appears to be a significant step forward in moving the Dewey chapter 11 case in a positive direction.

Read the entire blog post. 

Contact: Mary D. LaneMitchell Silberberg & Knupp LLP (Los Angeles, California, USA)

Last week the Supreme Court refused to decide whether, when a trademark licensor files for bankruptcy relief or is placed in involuntary bankruptcy by its creditors, the licensee can keep the rights to the trademark.

Read more: Supreme Court Leaves TM Licensee Up In The Air When Licensor Files For Bankruptcy

On Monday, June 25, 2012, Barack Ferrazzano filed an amicus brief in the federal district court for the Central District of Illinois on behalf of the Illinois Bankers Association (the "IBA") in the highly controversial In re Crane bankruptcy.

Read more: Barack Ferrazzano Files on Behalf of IBA in In re Crane Bankruptcy

Contact: Blake Lapthorn (Southampton, England)

Headlines include: an (un)reality check: update on the appointment of administrators?
We highlight important additional guidance on the approach of the court to the appointment of administrators.

Read more: Blake Lapthorn's Insolvency and Business Recovery Bulletin - January 2012

By: Paul A. Rubin
Herrick, Feinstein LLP, New York, New York, USA

Important Developments Affecting Real Estate Bankruptcies

This issue summarizes a series of recently-issued decisions of interest to secured lenders and those contemplating the purchase of mortgage loans. Click here to read entire article.