News
A Recent Fifth Circuit Court of Appeals Opinion Provides Insight for Practitioners on Bankruptcy Claims
The law of pleading standards can be highly nuanced. For practitioners bringing or defending claims of fraudulent transfer, preference, equitable subordination, negligent misrepresentation, or breach of fiduciary duty, the Fifth Circuit’s recent decision in the Life Partners bankruptcy saga is a must-read. Writing for the panel of three judges, Judge Jennifer Walker Elrod lays out in detail in Life Partners Creditors’ Trust v. Cowley the standards for pleading several types of claims that are familiar to all bankruptcy litigators.
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Luxury Theater Chain iPic Files For Bankruptcy Protection
It seems news of retailers filing for bankruptcy protection is becoming quite common. Until recently, the growing popularity of online sales or a newer, more in-demand product hitting the shelves caused once-popular mega-chains or smaller brick-and-mortar storefronts to make the decision to close their doors. Now it appears that higher-end luxury retailers and “experience” providers…
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Volvo Fighting Local Houston Dealership In Contract Dispute
When it comes to maintaining a business, keeping customer-facing facilities current with the changing times can sometimes be a daunting task. Failure to provide a modern and updated customer experience can affect sales and otherwise negatively affect a business’s prospects. For one Volvo dealership near Houston’s Memorial Park, it may also mean the end of…
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Brick and Mortar Stores Struggling To Compete With Online Market
For those involved in the retail industry, talk of bankruptcy has been fairly prevalent in recent months. In fact, according to Coresight Research, in 2019 alone at least seven major retailers have filed for chapter 11 bankruptcy protection. While the impacts of and reasoning for these filings often vary, the struggle for many brick and mortar storefronts to compete with online competitors is apparent.
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Boy Scouts Considering “All Available Options” Amid Financial Troubles and Lawsuits
It has been a rough year for the Boy Scouts of America (“BSA”). From facing an ongoing trademark infringement lawsuit filed by the Girl Scouts, to being the subject of several sexual abuse lawsuits, the organization has had to and will continue to pursue various levels of damage control. Unfortunately with legal matters like these, the financial burden can often be hard to bear—even for the most established entities.
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