Mark A. McDermott

Eleventh Circuit Reverses Fraudulent Transfer Ruling in TOUSA Bankruptcy Case
Mark A. McDermott,George A. Zimmerman, May 25, 2012
On May 15, 2012, the United States Court of Appeals for the Eleventh Circuit issued a ruling in the closely watched fraudulent transfer litigation involving the bankrupt homebuilder TOUSA, Inc. The litigation initially had resulted in a highly controversial and much criticized ruling by the Florida...

Chapter 11 Litigation Strategies After The Supreme Court’s Decision in Stern v. Marshall
Mark A. McDermott,George A. Zimmerman, October 13, 2011
On June 23, 2011, the United States Supreme Court issued its highly controversial decision in Stern v. Marshall. The Court ruled in Stern that a bankruptcy judge could not constitutionally enter a final ruling on a debtor’s state law “core” counterclaim against a litigant that...

Dodd-Frank, FDIC and FSA Rules Require Financial Companies to Develop Global Insolvency Contingency Plans
Jay M. Goffman,Christopher Mallon,Mark A. McDermott,William J. Sweet,David M. Turetsky, September 27, 2011
On September 13, 2011, the Federal Deposit Insurance Corporation (FDIC) approved a rule that requires large bank holding companies and other systemically important financial companies to develop comprehensive contingency plans for the orderly resolution of their affairs under the United States...