Four Top 2023 Philadelphia Commerce Court Opinions

July 26, 2024
The Philadelphia commerce court, dedicated in part to creating an equitable and consistent body of commercial law, issued some 24 decisions last year. This article highlights four of the most consequential: In Ambox v. Pocklington, the court upheld judicial privilege to dismiss a retaliatory lawsuit. In LL Capital Partners v. Tambur, the court denied a stay request due to lack of concrete evidence of a criminal investigation. Apex Realty v. Elverta addressed the rights of junior creditors in sheriff’s sales, and Skw-B Acquisitions v. Stobba Residential saw the rare appointment of a receiver to manage mismanaged commercial property.

Courts Issuing Increasing Number of Distressed Real Estate Decisions

July 1, 2024
Though interest rates may have peaked, #FaegreDrinker’s Joseph N. Argentina Jr. (LAW ’09) and Andrew C. Kassner continue to expect a large volume of distressed real estate debtors to utilize the bankruptcy system over the next several years. Two recent decisions demonstrate the state of distressed real estate bankruptcies. Both pit the rights of real estate lenders against the proceeds of collateral other than the real estate itself.

Too big to fail – Spring semester business law students learned how the rise and fall of railroads pioneered a path to deal with large-scale corporate bankruptcies

June 17, 2024
Douglas Sasso (LAW ’26) shares a spotlight on a Spring 2024 Current Topics in Business Law course which covered the influence railroads had on the development of the American legal system. Focusing on the Penn Central bankruptcy, the course offered students a chance to study what was once the largest merger and bankruptcy in history and its affect on legal, regulatory, and economic systems.

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