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Prejudgment Attachment of Assets Allowed By DE Bankruptcy Court Image

Prejudgment Attachment of Assets Allowed By DE Bankruptcy Court

Andrew C. Kassner & Joseph N. Argentina Jr.

Are there exceptions to the general rule against prejudgment attachment that may allow a plaintiff to obtain injunctive relief against a defendant freezing the defendant's assets prior to the outcome of the litigation? This issue was recently considered by the U.S. Bankruptcy Court for the District of Delaware.

Features

The Role of Third-Party Releases In Successful Chapter 11 Reorganizations Image

The Role of Third-Party Releases In Successful Chapter 11 Reorganizations

By John J. Rapisardi & Jacob T. Beiswenger

Part One of a Two-Part Article This two-part article will examine the role of third-party releases in successful Chapter 11 reorganizations. This part will address the factors considered in each Circuit where such releases have been deemed permissible within the confines of the Bankruptcy Code, evaluate several recent cases highlighting the uncertainty created by the current Circuit split, and consider options for creating a clear, nationwide standard.

Features

Hourly Billing in FTX Bankruptcy Already At Historically High Level Image

Hourly Billing in FTX Bankruptcy Already At Historically High Level

Ellen Bardash

Attorneys and consultants involved in the FTX bankruptcy have asked the District of Delaware bankruptcy court to approve billed hours and expenses totaling just under $37 million for the first six weeks of Chapter 11 proceedings.

Features

Yes, You Are My Data's Keeper Image

Yes, You Are My Data's Keeper

Josh Hummel

Federal Court Decision Among the First to Allow a Data Breach Liability Claim to Proceed Under Common Law Bailment Theory Data breach lawsuits have often struggled to match up the unique realities of data breaches with traditional theories of legal liability. A recent decision from the Southern District of Indiana, however, cut through these issues by allowing a class action claim to proceed on a theory of liability often proposed by commentators as a solution to the data breach liability conundrum but until recently almost uniformly rejected by courts: the common law theory of bailment.

Features

Federal Jury Rejects First Amendment Defense In 'MetaBirkins' NFT Standoff Image

Federal Jury Rejects First Amendment Defense In 'MetaBirkins' NFT Standoff

Todd Larson & Yonatan Shefa

Leading the charge in thorny IP issues have been cases addressing whether NFT makers who utilize other parties' trademarks can turn to the First Amendment as a defense to trademark infringement. This article analyzes the summary judgment decision that set the stage for trial in Hermes International, and provides some takeaways concerning the legal landscape for NFTs moving forward.

Features

Music Rates and Royalties 2023: Past, Present and Future Image

Music Rates and Royalties 2023: Past, Present and Future

Jeff Brabec & Todd Brabec

Part One of a Two Part Article Analysis of the most important music rate and royalty areas, both past, present and future and how and by whom they are set or determined as well as the effect that legislation, litigation, the Copyright Royalty Board and the Department of Justice have had on the process.

Features

Getty Images' Suit Over AI Generator Image

Getty Images' Suit Over AI Generator

Isha Marathe

The magical world of AI-generated art has become more mainstream over the past few months. There has also been some backlash against the industry, including brewing class action lawsuits alleging copyright violations and resistance from online artist communities. But until recently, a substantial legal threat was yet to emerge against the technology that underpins artificial-intelligence art.

Features

Can a Debtor That Has No Ongoing Business Operations Reorganize Under Chapter 11 In Good Faith? Image

Can a Debtor That Has No Ongoing Business Operations Reorganize Under Chapter 11 In Good Faith?

Lawrence J. Kotler & Roxanne J. Indelicato

In a recent decision, the U.S. Bankruptcy Court for the Southern District of Texas (the court) addressed whether a debtor that has no independent assets or ongoing business operations can reorganize under Chapter 11 in good faith.

Features

Handling IP Ownership Issues In Remote Work Image

Handling IP Ownership Issues In Remote Work

Sarah Schaedler & Jennifer T. Criss

Even with legal assumptions that certain intellectual property rights in works created by employees are owned by the employer, these should not be relied upon exclusively. A well-drafted employee-agreement form is increasingly essential in light of the explosive growth of remote and flexible work arrangements.

Features

J&J Gets Stay In Talc Chapter 11 Dismissal Image

J&J Gets Stay In Talc Chapter 11 Dismissal

Amanda Bronstad

Johnson & Johnson's talc bankruptcy may be on its last legs, but it's still standing — at least for a while. On February 13, Johnson & Johnson subsidiary LTL Management petitioned the U.S. Court of Appeals for the Third Circuit to rehear its Jan. 30 decision dismissing its Chapter 11 case

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