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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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Proof 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…
Read ArticlePreferential Transfers and the Trustee’s Duty to Investigate
What Recent Cases Tell Us After 2019 Amendment Preferential transfer litigation has long been a cornerstone of bankruptcy practice and a source of frustration for defendants…
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