LexisNexis® Legal Newsroom
Duane Morris LLP
Tweet All About It: U.S. Bankruptcy Court Rules Business Social Media Accounts Are Property of Debtor LLC's Bankruptcy Estate, Not Individual LLC Members

The CTLI decision is noteworthy given the dearth of opinions on the issue of social media accounts as property under state law. In a case of first impression in Texas, the United States Bankruptcy Court for the Southern District of Texas held that...

Kelley Drye & Warren LLP
Judge Protects GM Against Most, But Not All, Ignition Switch Claims

by Ben Feder Judge Robert Gerber ruled last week that General Motors LLC (“New GM”), the entity formed in 2009 to acquire the assets of General Motors Corporation (“Old GM”), is shielded from a substantial portion of the lawsuits...

Stephen Sather
Fifth Circuit Bankruptcy Report: March 2015

The big decision out of the Fifth Circuit this month was a Ponzi scheme case against The Golf Channel. Honorable mentions included the follow up appeal in the Frazin case which first addressed consent in Stern cases and several cases involving mortgages...

Stephen Sather
Fifth Circuit Reverses Pro-Snax

In a unanimous decision, the en banc Fifth Circuit Court of Appeals walked back a prior precedent which mandated an identifiable, tangible and material benefit before professionals employed in bankruptcy cases could be compensated. No. 13-50075, Barron...

Kathy Bazoian Phelps
March 2015 Ponzi Scheme Roundup

Below is a summary of the activity reported for March 2015. The reported stories reflect: 4 guilty pleas or convictions in pending cases; over 49 years of newly imposed sentences for people involved in Ponzi schemes; a possible new massive Ponzi scheme...

Kelley Drye & Warren LLP
Energy Future Holdings' Make-Whole Ruling Extends Rationale of Important SDNY Decisions to Delaware

by Ben Feder Judge Christopher Sontchi issued a notable opinion last week in the bankruptcy case of Energy Future Holdings Corp. , et al . (“EFH”), Case No. 14-10979 (D. Del.), ruling that the repayment in full of certain senior secured...