A foreign company enlisting the assistance of U.S. courts under Chapter 15 of the Bankruptcy Code is barred from terminating licenses of U.S. patents, according to an opinion by the U.S. Court of Appeals in Richmond, Virginia.
Mt. Gox Co., the Bitcoin exchange that filed for bankruptcy in Tokyo after millions of dollars’ worth of virtual currency vanished from customer accounts, won a temporary halt to lawsuits it faces in the U.S.
The judge who presided over the bankruptcy of Lehman Brothers Holdings Inc., the largest in U.S. history, will join law firm Morrison Foerster LLP next month to help lead its restructuring and insolvency group.
Savient Pharmaceuticals Inc., a developer of a treatment for gout, held an auction this week where the price more than doubled, with the winning bid of $120.4 million made by Crealta Pharmaceuticals LLC.