News & Insights

Stay up-to-date about the latest developments in bankruptcy, commercial litigation and business transaction law, as well as news involving The Dragich Law Firm.

Bankruptcy Court Rebuffs Debtor’s Attempt to Reject Non-Compete and Confidentiality Agreements

Chapter 11 bankruptcy debtors generally have wide latitude to reject executory contracts. However, it’s by no means an absolute right, as exemplified by a recent ruling in the proceedings of In re  

The Critical Importance of Corporate Governance in a Company Dissolution

Corporate dissolution is a complex process that requires careful navigation of various legal, financial, and operational challenges. As companies face the difficult decision to wind down their  

Cannabis Rescheduling: Developments and Implications for the Industry

The cannabis industry has long been hindered by its classification as a Schedule I substance under the Controlled Substances Act of 1970. This classification, which placed cannabis alongside drugs  

Receivership in the Cannabis Sector: Michigan’s Alternative to Bankruptcy

Despite achieving unprecedented growth, with sales reaching new highs in 2023, many Michigan cannabis businesses find themselves navigating a precarious path to profitability. This dichotomy between  

January 2024: Recent Developments in the Realm of Bankruptcy and Restructuring

In an effort to keep you apprised of what’s happening in the realm of bankruptcy and restructuring, here are six legal and statutory developments from the month of January, 2024. 1. Commercial  

Redefining Liability: How the Fleming v. Bayou Steel Case Impacts Private Equity Sponsor Responsibilities Under the WARN Act

In the recent legal case Fleming v. Bayou Steel BD Holdings II L.L.C., the United States Court of Appeals for the Fifth Circuit made a pivotal decision regarding the liability of private equity  

Amanda Vintevoghel-Backer Named to “Michigan Super Lawyers” in 2023

The Dragich Law Firm, located in Grosse Pointe, Michigan, is pleased to announce that Amanda Vintevoghel-Backer has been recognized by Michigan Super Lawyers in 2023. Amanda received her  

Delaware Bankruptcy Court Rules that Preference Plaintiffs Must Satisfy Due Diligence Requirement When Bringing a Preference Lawsuit

In 2019, a due diligence requirement was added to the Bankruptcy Code's preference avoidance provision. There is often outcry by preference action defendants that demands are made and lawsuits are  

We’re Hiring a Mid-Level Corporate Restructuring Associate

The Dragich Law Firm is seeking a mid-level corporate restructuring associate with 2-5 years experience, ideally with some commercial litigation experience. Our firm provides multifaceted services  

David Dragich Article on Bankruptcy versus Wind-Down Published by

More companies are experiencing distress. Chapter 11 bankruptcy filings rose 105% in May compared to the previous year, according to data from Epiq’s Bankruptcy Analytics platform. When a company