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The Benefits of Subchapter V — But Are You Guaranteed to Stay? Image

The Benefits of Subchapter V — But Are You Guaranteed to Stay?

Sean C. Kulka

Although Subchapter V may create a clearer path to confirmation, debtors must be aware of, and (absent an extension by the court) comply with, the more stringent timing requirements, such as the requirement of filing a plan within 90 days after filing bankruptcy.

Columns & Departments

Fresh Filings Image

Fresh Filings

ssalkin

Rapper 50 Cent filed a right-of-publicity lawsuit against Angela Kogan and her company Perfection Plastic Surgery & MedSpa in Florida Southern District…

Features

Third Circuit Holds Ethical Screen Insulates Side-Switching Lawyer's New Firm Image

Third Circuit Holds Ethical Screen Insulates Side-Switching Lawyer's New Firm

Michael L. Cook

The Third Circuit recently affirmed a bankruptcy court's denial of a defendant's motion to disqualify the plaintiff's law firm in a large adversary proceeding, holding that it had not abused its discretion because the plaintiff law firm had "complied with" ABA Model Rule of Professional Conduct 1.10(a)(2).

Features

How to Avoid the Claim Cap Becoming a 'Claim Trap' Image

How to Avoid the Claim Cap Becoming a 'Claim Trap'

Sherry Millman & Genna Grossman

Commercial landlords should consider the steps they can take when drafting and negotiating their commercial leases to minimize the adverse impact of the claim cap in the event of a tenant bankruptcy and ensuing lease rejection.

Features

Supreme Court Set to Hear Transformativeness Fair Use 'Warhol' Case Image

Supreme Court Set to Hear Transformativeness Fair Use 'Warhol' Case

Eric Alan Stone & Catherine Nyarady

In the October 2022 Term, the Supreme Court is set to decide whether courts assessing transformativeness under the first fair-use factor of the Copyright Act may consider "the meaning of the accused work where it 'recognizably deriv[es] from' its source material." The case may profoundly affect the fair use analysis, and in turn, the scope of copyright protection for many works.

Features

Fifth Circuit Weighs In on Scope of Releases and Exculpation Image

Fifth Circuit Weighs In on Scope of Releases and Exculpation

Francis J. Lawall & Nathaniel T. DeLoatch

In an important recent U.S. Court of Appeals for the Fifth Circuit decision, the court explored whether exculpation provisions protecting more than just the debtor and committee are appropriate.

Features

Small Business Tenants: Know Thy Lease Image

Small Business Tenants: Know Thy Lease

Chad Van Horn

Many landlords are loyal to their tenants and only increase rates at the end of the current lease. Others take a more aggressive approach. They actively find creative ways using lease restrictions to evict tenants. While this isn't necessarily fair, it is legal.

Columns & Departments

IP News Image

IP News

Howard Shire & Stephanie Remy

Federal Circuit: Trade Dress Imitation In the Ninth Circuit

Features

Are Voting Rights Provisions In Subordination Agreements Enforceable? Image

Are Voting Rights Provisions In Subordination Agreements Enforceable?

James H. Millar

Subordination agreements often contain an agreement by the subordinated creditor that, if the issuer is a debtor in a bankruptcy case, the senior creditor can vote the claim of the junior creditor on any proposed Chapter 11 plan. If given effect, such a voting provision can give a senior creditor significant power, relative to both the subordinated creditor and other creditors, to support or oppose confirmation of a plan.

Features

The Story Behind AFM & SAG-AFTRA Royalty Fund Distribution Litigation Image

The Story Behind AFM & SAG-AFTRA Royalty Fund Distribution Litigation

Adolfo Pesquera

The case of a session musician's unpaid royalties revealed a gross lack of initiative on the part of the trustees and directors of AFM & SAG-AFTRA Intellectual Property Rights Distribution Fund and that the fund administrators had made little if any effort for years to distribute funds to thousands of session musicians and backup singers.

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