Shapes

Supreme Court Decision Shapes New Bankruptcy Strategy for Roman Catholic Diocese of Rockville Centre

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NEW YORK — In a landmark ruling that has reverberated through the legal community, the Supreme Court in 2024 clarified that the Bankruptcy Code does not permit the enforcement of a Chapter 11 plan to absolve non-debtors of claims without the explicit consent of claimants involved. This decision has significant implications for bankruptcy cases and the way claims are handled against third parties who are not directly filing for bankruptcy but are nonetheless implicated through their connection to the debtor. This ruling was a critical element in the resolution of a high-profile Chapter 11 bankruptcy … Read more

Supreme Court Decision Shapes Innovative Settlement Strategy in Rockville Diocese Bankruptcy Case

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NEW YORK — In a landmark decision, the Supreme Court ruled in the 2024 Purdue case that the Bankruptcy Code does not permit the use of Chapter 11 to force claimants to absolve non-debtors of responsibility in a bankruptcy process without the claimants’ consent. This ruling was pivotal in shaping how debtors coordinate with creditors and third parties to resolve claims collectively. Despite such limitations, many are finding a way around these constraints to ensure quicker, more equitable settlements, highlighting a significant trend in bankruptcy practices. The case of the Roman Catholic Diocese of Rockville … Read more

Paul D. Rheingold: Pioneering Legal Mind Shapes Future of Mass Tort Litigation

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New York, NY – Paul D. Rheingold, a distinguished figure in the legal community, has notably advanced the practice of mass tort litigation throughout his career. As the founding partner of Rheingold, Valet, Rheingold, McCartney & Giuffra LLP, Rheingold has played a central role in more than 20 major drug and medical device cases that have significantly impacted public health policies and legal practices regarding consumer safety. Rheingold’s profound influence extends beyond his extensive courtroom experience. He has contributed to the legal field through educational endeavors, sharing his expertise as both a faculty member at … Read more

Unveiling the Hidden Influence: How Party Affiliation Shapes Judicial Outcomes, Reveals Washington Post Columnist

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Washington, D.C. – A recent column in The Washington Post has sparked a discussion surrounding the inclusion of a judge’s appointing president in legal media. Ruth Marcus, the author of the column, defended the practice as a standard convention in the industry. She received an email from an unnamed federal appeals court judge, nominated by President Ronald Reagan, expressing their disagreement with this approach. This exchange has led to a broader conversation about the relevance of party affiliation when reporting on judicial decisions. Marcus addressed the judge’s contentions by citing research conducted by Harvard Law … Read more