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'Floating' Forum-Selection Clauses: The M/S Bremen Afloat in the Wake of Norvergence

On June 30, 2004 an Involuntary Petition under Chapter 11 of the Bankruptcy Code was filed against NorVergence, Inc., the New Jersey telecommunications company. While this filing represented the likely end of a telecommunications company which, at its zenith, employed 1500 people, with more than 11,000 equipment leases in effect worth some $200 million, it also marked the beginning of litigation arising out of those leases now being waged in various state and federal courts across the country involving thousands of lessees, scores of finance companies and dozens of governmental agencies.

39 minute readMay 02, 2005 at 04:19 PM
By
Stephen Levin
Jonathan K. Moore
'Floating' Forum-Selection Clauses: The M/S Bremen Afloat in the Wake of Norvergence

On June 30, 2004 an Involuntary Petition under Chapter 11 of the Bankruptcy Code was filed against NorVergence, Inc., the New Jersey telecommunications company.

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