Rochelle's Daily Wire

District judge in Connecticut upheld an award of ‘default’ interest, even though the fully secured lender had opposed the chapter 11 process and resisted the use of its cash collateral.

Undisclosed representation of the debtor’s principal resulted in denial of all compensation sought by counsel for the corporate debtor.

Judge Clarkson laid down guidelines for a lawyer who copies pleadings written by another lawyer in a different case.

In a concurrence, Circuit Judge Jordan questions whether rollups are permitted under Eleventh Circuit authority.

Officers are presumptively disqualified from KERPs, “absent a strong showing that they do not perform any significant role in management,” a district judge in New York says.

An appeal from a critical vendor order was dismissed as equitably moot.

Even though the price and terms were ‘entirely fair,’ Bankruptcy Judge Garrity disapproved DIP financing that would have locked in the right of controlling shareholders to purchase new stock at a 20% discount.

Government often wins by arguing that the Small Business Act prohibits injunctions forcing the SBA to consider granting ‘PPP’ loans without regard to whether the applicant is a chapter 11 debtor.

Bankruptcy Judge David Jones finds the Jay Alix Protocol to be ‘completely unnecessary.’

New York district court upholds a typical critical vendor order.