News & Analysis as of

Chapter 11 Financial Adviser

Seward & Kissel LLP

Three’s Company, Express Elevator (Down), and Please Stay

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Genetic test maker Invitae files for bankruptcy protection in US | Reuters - On Tuesday, Invitae, the San Francisco-based genetic test maker, filed for voluntary Chapter 11 bankruptcy protection in a U.S. bankruptcy court...more

Holland & Knight LLP

Rising Chapter 11 Bankruptcies in Healthcare

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In the final installment of our "Hospitals at a Crossroads" mini-series, Holland & Knight finance and restructuring attorney Tyler Layne is joined by Clare Moylan and Jim Davis from Gibbins Advisors, a healthcare firm...more

Lowenstein Sandler LLP

Exculpation Ruling Shows Danger Of Overbroad Clauses

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It is common that accountants seek to limit their liability to a client in the event of malpractice. Typically, in the retention agreement, the liability is limited to the amount of fees paid by the client to the accounting...more

Sheppard Mullin Richter & Hampton LLP

Seven Commandments for the Financially Distressed Company

Most restructuring professionals will tell you that there is no “typical” restructuring. That is absolutely true. Every financially distressed business is different and the character and direction of its restructuring will be...more

Lowenstein Sandler LLP

Keeping Your Job As CFO When A CRO Arrives

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Who’s To Blame? Lenders may seek to replace or diminish the role of one or more members of the “C suite” in order to shift blame and to demonstrate up the chain of command that they have taken appropriate action. One...more

Pullman & Comley, LLC

United States Trustee Rebuked by New York Bankruptcy Judge for Objecting to Retention of Nine West Interim CEO

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For at least the past 14 years while the so-called “Jay Alix Protocol” has been in effect as a national policy of the Office of the United States Trustee (“UST), and prior to that in a handful of decisions, interim Chief...more

Blank Rome LLP

River Road: A Cautionary Tale for Chapter 11 Financial Advisors

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The United States Bankruptcy Court for the Northern District of Illinois recently handed down an opinion, In re River Road Hotel Partners LLC, 2014 WL 5488259 (Bankr. N.D. Ill. 2014), dealing with the issue of a financial...more

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