Week Ahead in Personal bankruptcy: Aug. 23, 2021
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(Reuters) – Below is a glimpse at some impending situations of fascination to the individual bankruptcy legislation local community. Except if not mentioned, all periods are neighborhood, and court docket appearances are virtual thanks to the COVID-19 pandemic.
Monday, Aug. 23
10 a.m. – Oxycontin maker Purdue Pharma will current its closing arguments in favor of its strategy to exit personal bankruptcy, which rests on a settlement resolving hundreds of lawsuits accusing it of fueling the countrywide opioid disaster.
The case is In re Purdue Pharma LP, U.S. Bankruptcy Court docket, Southern District of New York, No. 19-bk-23649.
For Purdue: Marshall Huebner of Davis Polk & Wardwell.
Tuesday, Aug. 24
10 a.m. – Johnson & Johnson will fight an attempt by particular damage claimants to avoid it from shifting its talc liabilities into a new entity that would then be placed in individual bankruptcy. The claimants are searching for an injunction through one more talc-related company’s individual bankruptcy.
The circumstance is Imerys Talc The united states Inc., U.S. Individual bankruptcy Court, District of Delaware, No. 19-10289.
For the tort claimants: Rachel Strickland of Willkie Farr & Gallagher.
For J&J: Diane Sullivan of Weil Gotshal & Manges.
Wednesday, Aug. 25
10 a.m. – Boy Scouts of America will keep a listening to on its request to start out soliciting creditor votes for its proposed reorganization strategy. The strategy rests on a settlement with 70,000 sex abuse claimants, which just lately secured preliminary acceptance from a choose, but is opposed by insurers.
The case is In re Boy Scouts of The us, U.S. Personal bankruptcy Court, District of Delaware, No. 20-10343.
For the Boy Scouts: Jessica Lauria of White & Case.
For insurance company Century Indemnity Co: Tancred Schiavoni of O’Melveny & Myers.
Thursday, Aug. 26
2 p.m. – Bouchard Transportation will look for acceptance of its proposed reorganization approach, which will allow it to exit bankruptcy just after offering its vessels for a blended $245 million.
The case is In re Bouchard Transportation Co Inc, U.S. Individual bankruptcy Courtroom, Southern District of Texas, No. 20-34682.
For Bouchard: Christine Okike of Kirkland & Ellis.
Friday, Aug. 27
10 a.m. – Virgin Islands oil refinery Limetree Bay will seek out acceptance to access funding to fund functions through its personal bankruptcy.
The scenario is In re Limetree Bay Companies LLC, U.S. Individual bankruptcy Courtroom, Southern District of Texas, No. 21-32351.
For Limetree: Elizabeth Green of Baker Hostetler.
Know of an party that could be involved in 7 days Forward in Personal bankruptcy? Contact Maria Chutchian at [email protected]