In an important decision for bankruptcy practitioners, the U.S. District Court for the Southern District of New York partially reversed a Bankruptcy Court ruling that had dismissed a trustee’s fraudulent transfer claim, reinforcing key limits on the defensive use of the alter ego doctrine. The dispute arose out of the bankruptcy of several litigation funding…

We are pleased to announce that Rimon attorneys, Brian Powers, Ken Silverman, Ronald Friedman, Haley Trust, and Courtney Roman have been asked to serve as counsel to the Committee in the Publishers Clearing House bankruptcy proceedings. Publishers Clearing House, a renowned sweepstakes company, filed for bankruptcy protection in New York last month. Publishers Clearing House…

Our client, Cyclacel Pharmaceuticals, Inc. (“Cyclacel”) (NASDAQ: CYCC, NASDAQ: CYCCP), a biopharmaceutical company that develops innovative cancer medicines,  has announced that it has entered into an Exchange Agreement with FITTERS Diversified Berhad (9318.KL; “FITTERS”)  to acquire its wholly-owned subsidiary, Fitters Sdn. Bhd. a Malaysia-based private limited company formed in 1972, specializing in distributing, trading and…