New Decision Clarifies Rules Regarding Derivative Standing for Creditors in Delaware Court of Chancery
NYS Budget Exempts Hazardous Waste Cleanups from Assessments and Fees
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When Worlds Collide: The Intersection of Labor, Pension, and Bankruptcy LawsTuesday, June 19th from 5:30 – 8:00 pm at the Roosevelt Hotel in NYC. Cost is $100 and 1.5 CLE hours will be offered.
Hostess, American Airlines, GM, and Chrysler file for bankruptcy, potentially making employees, retirees, and pension funds the casualties. What lessons can be learned? Are Sections 1113 and 1114 of the Bankruptcy Code working as intended? Whose interests are paramount? How should the balance be struck between the rights under the CBA and the interests of the debtor? What is the role of the creditors’ committee in 1113 and 1114 litigation? What is the role of the Pension Benefit Guaranty Corporation? What actions may it take prior to and after a bankruptcy filing? Who else should be sacrificing? How should operational difficulties be weighed? What proofs are necessary for relief? Key substantive and procedural issues in 1113 and 1114 litigation will be addressed. Join us for a discussion on what employers, creditors, and labor attorneys need to know when counseling and representing clients in these cases.
The panel includes Kramer Levin partner Thomas Moers Mayer. Mr. Mayer will bring his extensive knowledge of pensions and unions as it pertains to large scale bankruptcies. In addition, Kramer Levin’s Corporate Restructuring & Bankruptcy Department has taken a leading role in the aforementioned bankruptcies which will be discussed. We are currently representing the creditors committee in the Hostess bankruptcy, and indenture trustees for more than $2.3 billion in municipal bonds in the American Airlines bankruptcy. In addition, we successfully represented the creditors committees in both the GM and Chrysler bankruptcies.
Please see attached for more details and for registration specifics.