PBWT

MARCH 28, 2022

Facing massive liability from current plaintiffs as well as an unknown and unknowable group of future plaintiffs, asbestos manufacturers filed for chapter 11. This approach became so widely accepted that it is now codified in the Bankruptcy Code. See 11 U.S.C. § Mahwah Bergen Retail Group, Inc. § 524(g).

Debtor 65

Debtor Bankruptcy Manufacturing Retail 65

Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

JANUARY 17, 2023

In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. On January 11, the CFPB reached a settlement in its lawsuit against a law firm for illegal debt collection practices. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Education 52

Troutman Sanders

OCTOBER 4, 2022

On September 29, an independent examiner was appointed in the Celsius bankruptcy case. If enacted, the bill would amend the Cybersecurity Information Sharing Act of 2015 to include voluntary information sharing of cyber threat indicators among cryptocurrency companies. For more information, click here.

Financial services 52

Financial services Trade Retail Banks 52