Search Results for: bankruptcy

In a 14-page decision, the Supreme Court of New York Friday rejected the National Rifle Association’s (NRA) attempt to stop the state’s investigation into the organization. New York Attorney General (NYAG) Letitia James brought an investigation against the NRA in 2020. James alleged that the group was violating non-profit laws and committing tax fraud, and [...]

The US Supreme Court Monday held unanimously in Siegel v. Fitzgerald that Congress’ enactment of a significant Chapter 11 bankruptcy fee increase in 48 states, exempting some debtors in two states, violated the Bankruptcy Clause’s uniformity requirement. This case originated because increased fees for Chapter 11 debtors in Trustee Program districts in 2017. The 2017 Act [...]

The US Supreme Court Monday granted review to three cases spanning questions of bankruptcy, overtime pay and federal civil rights claims. The three cases will be heard in oral arguments during the Court’s fall 2022 session. In Bartenwerfer v. Buckley, the court will consider whether a bankruptcy debtor may be held liable for someone else’s [...]

Sri Lankan police Tuesday opened fire at people who were protesting against the new fuel price hike, killing one and injuring 13 others. This was the first incident of shooting by security forces during weeks of demonstrations over the country’s worst economic crisis in decades. Sri Lanka is facing the worst financial crisis in its [...]

The Diocese of Camden, N.J., said on Tuesday that it had agreed to pay $87.5 million to settle claims made by hundreds of people who accused clergy members of sexually abusing them, one of the largest such settlements involving the Catholic Church in the United States. Over 300 survivors, represented by the Official Committee of [...]

The US Supreme Court heard oral arguments on Monday in Siegle v. Fitzgerald and United States v. Washington. In Siegle, the Court is considering whether the 2017 Amendment to the Bankruptcy Judgeship Act, which increased quarterly fees for Chapter 11 cases in the Trustee program but not the Bankruptcy Administrator program, violates the uniformity requirement [...]

The US Supreme Court Tuesday heard oral arguments in Torres v. Department of Safety, a case focusing on whether the Congressional war powers allow Congress to authorize suits against nonconsenting States. In the case, former state trooper Torres resigned from his job with the Texas Department of Safety when the department would not provide accommodations for [...]

The families of Sandy Hook victims settled Tuesday with gun manufacturer Remington for $73 million, according to the plaintiffs’ attorney, Josh Koskoff. The surviving family members of five children and four adults killed in the 2012 shooting brought the lawsuit against Remington for its production and marketing of the Bushmaster AR-15. Koskoff said, “it is [...]

A judge for the US Bankruptcy Court for the District of Puerto Rico Tuesday gave final approval to a plan for Puerto Rico to exit bankruptcy after nearly five years. The restructuring plan, signed by Judge Laura Taylor Swain, marks the largest public-sector debt restructuring deal in US history, reducing the island territory’s debt by [...]

Endo International PLC (Endo) Tuesday agreed to pay $65 million to settle all Florida governmental opioid-related cases and claims, preventing pending claims against the specialty pharmaceutical company from going to trial. Endo settled just in time to prevent claims against its subsidiaries from going to trial in April. Endo highlighted that the “settlement includes no [...]