Insights

Supreme Court Weighs in on Non-Consensual Third-Party Releases in Chapter 11 Cases

The Supreme Court determined, by a 5-4 margin, to ban most non-consensual third-party releases in Chapter 11 plans, rejecting the Second Circuit’s seven-part multifactor analysis for considering such releases and sending the Purdue plan back to the lower courts.

Choate Ranks Highly in 2024 Legal 500

The 2024 edition of The Legal 500 recognized 40 Choate attorneys in their respective fields and 10 practice areas.

Choate Lawyers and Practice Groups Recognized by Chambers 2024

The 2024 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 34 Choate attorneys as leading counsel in their respective fields, with seven receiving Band 1 rankings.

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.

Choate Represents Citizens Bank in Yellow Corp.’s Bankruptcy

Choate represents Citizens Bank in connection with the bankruptcy proceeding of U.S. trucking firm Yellow Corp., which filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware on Sunday August 6, 2023.

Choate Lawyers and Practice Groups Recognized by Chambers 2023

The 2023 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 16 practice areas and 31 Choate attorneys as leading counsel in their fields, with six receiving Band 1 rankings, three receiving nationwide recognition, two global recognitions, and two senior statesmen.

Choate Elects Six to Partnership for 2023

Six Choate attorneys - Courtney Carr, Dallas Cruz, Lyndsey Kruzer, Jonathan Marshall, Samuel Rudman, and Tobin Sullivan - have been elected to partnership of the firm, effective January 1, 2023.

Nine Choate Attorneys Named 2022 Top Lawyers by Boston Magazine

Boston Magazine has recognized nine Choate attorneys in its 2022 Top Lawyers listing.

Federal Appeals Court Rules Citibank Entitled to Recover $500m Erroneous Payment

In the wake of a Federal Appeals Court decision sure to be welcomed by the banking industry, Citibank will be allowed to recover hundreds of millions of dollars that it mistakenly paid out to a group of hedge funds.