Cole Schotz

IRS Issues Proposed Regulations Under Code §2704 Impacting Gift and Estate Taxes

The IRS has at last issued long-anticipated proposed regulations under Code §2704. We perceive the proposed regulations as an attempt by the IRS to curtail the use of discounts – such as minority interest and lack of…more
| Business Organizations, Taxation

New Delaware Chapter 15 Filing – Altos Hornos de México, S.A.B. de C.V.

Francisco Javier Gaxiola Fernández, the foreign representative of Altos Hornos de México, S.A.B. de C.V. (the “Debtor”) in a proceeding under Mexico’s Bankruptcy and Suspension of Payments law pending before the First Civil…more
| Bankruptcy, Business Organizations, Finance & Banking, International Law & Trade

Delaware Organizational Meeting – Last Call Guarantor, LLC

Upcoming Committee Formation Meeting: Monday August 22, 2016, 10:00 AM - Case Name: Last Call Guarantor, LLC - Case Number: 16-11844 (KG)..…more
| Bankruptcy, Business Organizations, Finance & Banking

New Delaware (Involuntary) Chapter 11 Filing – Bennu Titan LLC (f/k/a ATP Titan LLC)

Beal Bank USA and CLMG Corp. have filed an involuntary petition under chapter 11 of the Bankruptcy Code against Bennu Titan LLC (f/k/a ATP Titan LLC) before the United States Bankruptcy Court for the District of Delaware (Case…more
| Bankruptcy, Business Organizations, Finance & Banking

Delaware Organizational Meeting – Roadhouse Holdings, Inc.

Upcoming Committee Formation Meeting: Friday August 19, 2016, 12:00 PM - Case Name: Roadhouse Holdings, Inc. Case Number: 16-11819 (BLS)…more
| Bankruptcy, Business Organizations, Finance & Banking

New Delaware Chapter 11 Filings – Last Call Guarantor, LLC et al.

Last Call Guarantor, LLC and eight affiliates have filed chapter 11 cases before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11844)…more
| Bankruptcy, Business Organizations, Finance & Banking

New Delaware Chapter 11 Filings – Roadhouse Holding Inc. et al.

Roadhouse Holding Inc. and seven of its affiliates, which comprise the Logan’s Roadhouse restaurant chain, have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No…more
| Bankruptcy, Business Organizations, Finance & Banking

Employers Beware – Marketplace Notices Under the Affordable Care Act May be Coming to You

As we have previously explained, certain employers with 50 or more full-time employees (or equivalents) will incur a penalty from the IRS if they fail to offer health insurance coverage to their full-time employees and their…more
| Health, Labor & Employment Law

New Delaware Chapter 11 Filing – Halcón Resources Corp. et al

Halcón Resources Corp. et al (NYSE: HK) and 21 affiliates have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11724)…more
| Bankruptcy, Business Organizations, Finance & Banking

U.S. Supreme Court to Weigh in on Structured Dismissals and Settlements Circumventing the Bankruptcy Code’s Priority Scheme

On June 28, 2016, the U.S. Supreme Court agreed to hear a challenge to a Third Circuit-affirmed settlement and dismissal of the chapter 11 cases of Jevic Transportation, Inc. (“Jevic”) and certain of its affiliates. See…more
| Bankruptcy, Business Organizations, Finance & Banking

Delaware Organizational Meeting – ESML Holdings and Essar Steel Minnesota LLC

Upcoming Committee Formation Meeting: Tuesday July 19, 2016, 10:00 AM - Case Name: ESML Holdings Inc. Case Number: 16-11626 (BLS)..…more
| Bankruptcy, Business Organizations, Finance & Banking

Delaware Organizational Meeting – SynCardia Systems, Inc.

Upcoming Committee Formation Meeting: Thursday July 14, 2016, 1:30 PM - Case Name: SynCardia Systems, Inc. Case Number: 16-11599 (MFW)…more
| Bankruptcy, Business Organizations, Finance & Banking

New Delaware Chapter 11 Filing – Essar Steel Minnesota LLC and ESML Holdings Inc.

Essar Steel Minnesota LLC and its parent, ESML Holdings Inc., which operate an open-pit mine and greenfield pellet plant in Minnesota, have commenced cases (Case Nos. 16-11627 and 16-11626, respectively) under Chapter 11 of the…more
| Bankruptcy, Business Organizations, Finance & Banking

Delaware Organizational Meeting – Triangle USA Petroleum Corporation., et al.

Upcoming Committee Formation Meeting: Wednesday July 12, 2016, 2:00 PM - Case Name: Triangle USA Petroleum Corporation., et al. Case Number: 16-11556 (MFW)…more
| Bankruptcy, Business Organizations, Finance & Banking

New Delaware Chapter 11 Filing – SynCardia Systems, Inc.

SynCardia Systems, Inc. has filed a chapter 11 petition before the United States Bankruptcy Court for the District of Delaware (Case No. 06-11599). The debtor is the manufacturer of an FDA-approved Total Artificial Heart…more
| Bankruptcy, Business Organizations, Finance & Banking
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Areas of Practice
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