Jennis Morse Etlinger Bankruptcy News October 8, 2021
| Jennis Morse Etlinger News The firm is excited to welcome Michael Stavros to the team. Michael is a fresh University of Florida Levin College of Law graduate and recently passed the Florida Bar. Michael has joined the firm at its Tampa office, primarily handling bankruptcy, litigation and transactional work. Jennis Morse Etlinger previously represented a chapter 11 debtor and chapter 5 examiner in a bankruptcy before the Middle District of Florida. This week the matter was brought to a successful conclusion with the entry of the order granting the motion for final decree and case closure. With the help of the firm, priority wage claims, the secured creditor, critical vendors and an administrative convenience class received distributions from the debtor. David Jennis issued an expert report as to the reasonableness of attorneys’ fees and costs incurred in connection with a state court, appellate and bankruptcy proceeding. The report itself was filed in the bankruptcy proceeding in support of the creditor’s application for fees and costs. The law firm successfully asserted the buyer’s breach of a real estate purchase contract and procured the tender of the full amount of the security deposit as liquidated damages. The firm was able to obtain the resolution within just days of the breach for failing to close. Florida Filings
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| Bankruptcy News Senators Elizabeth Warren, Democrat, and John Cornyn, Republican, introduced a bill to combat perceived bankruptcy venue abuses. Venue reform has been a hot topic of late and an attorney for Jennis Morse Etlinger notes “venue reform has been percolating for some time but has really boiled to the surface in the wake of the extraordinary bar orders entered in the Purdue Pharma case.” – Read more Several states and other governmental agencies are seeking to take their appeal straight to the U.S. Court of Appeals for the Second Circuit, underscoring the significance of the issues at hand. Principal amongst those issues is the release of the Sackler family from future opioid litigation, which nine states and the United States Trustee had opposed. Read More Bankruptcy filings are down. The Wall Street Journal reports year over year filings nationally were down to levels not seen since 1985 due to Federal stimulus programs. Florida Middle District Chief Judge Delano indicated Middle District filings were down over 30% compared to last year. Investment Notes Sarasota brewery to sell tangible and intangible assets as part of its liquidating chapter 11 bankruptcy. For more information please contact the firm at (813) 229-2800. After emerging from bankruptcy in 2018 with leaner operations and stripping off significant debt, Claire’s Holdings, LLC is now poised to go public. The Illinois based chain, which largely operates in malls appealing to pre-teens and teenagers for apparel and piercings, has listed the size of the offering at $100 million. |