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Appellate Court Rules that "Evolving and Continuous" Breaches of "Franchise Agreement" Allow Termination Even Though Manufacturer Had Prior Knowledge of Problems
Jeffrey J. Jones,J. Todd Kennard, February 1, 2012
The Supreme Court of Alabama recently ruled that a manufacturer was not precluded from terminating a "franchise" agreement under a state dealer statute even though the manufacturer had knowledge of the problems at issue more than 180 days before the proposed termination (the length of...

Is Chapter 9 the Next Chapter in the Municipal Saga?
Mark G. Douglas,Joseph M. Witalec, December 9, 2011
Fallout from the Great Recession continues to figure prominently in world headlines, as governments around the globe struggle to implement or extend programs designed to jump-start stalled economies and attempt to gauge the health of financial institutions deemed "too big to fail" or...

Smack-Down of a Straitjacket
Laird Nelson,Charles M. Oellermann, October 26, 2011
Postconfirmation liquidation and litigation trusts have become an important mechanism in a chapter 11 bankruptcy estate's arsenal, allowing for the resolution of claims and interests without needlessly delaying confirmation in the interim. The specter of postconfirmation litigation may seem...

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