Bankruptcy Law News and Insights

Restructurings defy a one-size fits all approach because every deal is unique and different tools are required to solve different problems. At one end of the restructuring continuum is the so-called "amend and extend," where the credit agreement is amended to provide incremental liquidity, extend near-term maturities, modify covenants or...

Read More

On August 29th, 2023, 3M announced a wide-ranging $6 billion settlement reached with plaintiffs' counsel meant to resolve pending and future litigation related to Combat Arms Earplugs produced by its subsidiary Aearo Technologies. The deal represents $5 billion in cash and $ 1 billion in 3M common stock over the...

Read More

On 8 November 2022, the Fifth Circuit heard oral argument in connection with the direct appeal of the Southern District of Texas Bankruptcy Court's order largely denying the Electric Reliability Council of Texas, Inc.'s (ERCOT's) motion to dismiss the adversary complaint against it filed by Chapter 15 debtors Just Energy...

Read More