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Expert Analysis

The Intersection Of Bankruptcy And Complex Litigation

Law360, New York (June 9, 2015, 10:34 AM EDT) -- The bankruptcy courts are integral to the world of complex litigation, and the Great Recession removed any lingering doubt surrounding that reality — if such doubt ever existed. Regardless of whether the filings in question involved restructuring the American automobile industry, unwinding what was once Lehman Brothers, or grappling with the fallout from multiple Ponzi schemes, the bankruptcy system demonstrated its ability to navigate among competing constituencies and claims. Not surprisingly, the Manual for Complex Litigation characterizes bankruptcy law as the "most powerful device for aggregating multiple litigations pending in federal and state courts ...."...

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