Blog
News and updates from Thomas H. Curran Associates.
Startup professional football league files for bankruptcy
The Alliance of American Football (AAF) filed for Chapter 7 bankruptcy after it failed to secure a partnership with the NFL. The league...
Fyre Fest bankruptcy trustee wants to subpoena Netflix and Hulu over documentary footage
The trustee overseeing the Fyre Festival bankruptcy has issued subpoenas to Netflix and Hulu while trying to determine if the “insider”...
U.S. Bankruptcy Court protects NFL players’ concussion settlements
United States District Court for the Southern District of Florida, upholds previous ruling by United States Bankruptcy Court, defined...
Recently proposed federal legislation would facilitate access to banking services by the cannabis industry
Lack of access to banking resources by cannabis-related businesses due to the continuing U.S. federal prohibition on marijuana use has for...
OxyContin maker mulls bankruptcy
Purdue Pharma, the maker of OxyContin, is considering filing for bankruptcy amidst a myriad of lawsuits blaming the company for fueling...
Relief on the horizon for farmers?
Chapter 12 of the Bankruptcy Code is reserved for “family farmers” and “family fisherman” and provides reorganization and tax benefits to...
Powers of bankruptcy judges debated
A debate regarding whether bankruptcy judges have the power to jail people has ignited following the jailing and sanctions of ten people,...
Trademark licenses and bankruptcy litigation
In February, the United States Supreme Court heard oral arguments in the case of Mission Product Holdings Inc v Tempnology, LLC to address...
United States Bankruptcy court alert
A reminder that for new cases filed on or after April 1, 2019, dollar amounts in the Bankruptcy Code are increasing. On February 12, 2019...
Enforceability of “material adverse effect” clauses under Delaware law: Practical Lessons from Akorn
The Delaware Court of Chancery’s October 1, 2018 decision in Akorn Inc. v. Fresenius KABI AG (“Akorn”) marked the first time that any...
Tangential marijuana connection may pose a bankruptcy problem
A Colorado bankruptcy court judge threw out two debtors’ chapter 11 cases because of marijuana connections; the debtors manufacture...
Circuits split on Section 547 valuation methods
Last week, the 3rd circuit weighed in on the proper valuation method to be used in the context of a preferential transfer under Section...
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