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Authority Given to Committee to Sue the Sacklers: Purdue Opinion Reaffirms the Use of Derivative Standing by Creditor Committees
A decision in the Purdue Pharma1 bankruptcy reinforces a cornerstone of bankruptcy jurisprudence: the longstanding authority of bankruptcy courts to grant derivative standing to official committees of unsecured creditors. Faced with a motion…
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Restructuring Strategies Compared in The Oil & Gas Sector
Between 2010 through 2014, many United States oil and gas upstream companies borrowed money and bid against each other to buy up prospective shale reserves around…
Read ArticleChapter 22 Bankruptcy Cases: Your Questions Answered
What is a “Chapter 22” case? “Chapter 22” refers to repeat chapter 11 filings. Although the term is used to mean any repeat chapter 11 filings…
Read ArticleProof of Claim: Are You Sure You Want to File It?
Six Things to Consider A claim holder asserts a claim against a debtor in bankruptcy by filing a proof of claim (an equity holder asserts a…
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