Bankruptcy & Restructuring News Headlines for Thursday Jan 20, 2022

Here's what we are reading this morning:

Treatment of Midstream Agreements in Bankruptcy Remains Unsettled, but Limited Consensus May Be Emerging | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: Exclusivity clauses in midstream oil and gas gathering contracts typically are framed as covenants that run with the land to protect pipeline companies if producers seek to reject them in bankruptcy. But courts remain divided on whether these provisions actually preclude rejection.

Selection of U.S. Bankruptcy Judge, District of South Carolina | District of South Carolina | United States Bankruptcy Court: On January 18, 2022, the Circuit Executive for the Fourth Circuit announced the U.S. Court of Appeals for the Fourth Circuit selected Elisabetta G.M. Gasparini to fill the impending Bankruptcy Judge vacancy in the District of South Carolina, with a duty station in Charleston. She previously served as a trial attorney for the Office of the United States Trustee for Region 2 in New York City, where she also practiced law with Skadden, Arps, Slate, Meagher & Flom LLP and Wilmer Cutler Pickering Hale and Dorr LLP.

Center For COVID Control Faked Test Results, Minnesota Attorney General Says In New Lawsuit: The lawsuit alleges the locally based testing chain faked test results, sent inaccurate results or never sent people results in some cases.

Jay Alix’s Suit Against McKinsey Revived on Appeal: Restructuring guru Jay Alix can pursue federal claims against McKinsey & Co. for allegedly concealing conflicts of interest to secure lucrative corporate bankruptcy work, the Second Circuit ruled.

Skadden’s 2022 Insights | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: The ongoing pandemic and evolving economic and political landscape require corporate leaders to be more attuned than ever to unexpected developments and opportunities. Our 2022 Insights aims to help you navigate recent legal developments and those anticipated in the year ahead.

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