News and Insights

Jenner & Block Secures Reversal of Preliminary Injunction in High-Stakes Pharmaceutical Battle

In a significant victory for pharmaceutical competition and access to generic drugs, Jenner & Block secured a key litigation win on behalf of client MSN Pharmaceuticals. A federal judge denied a pharmaceutical company’s request for injunctive relief, removing an obstacle to MSN’s planned launch of a generic version of Entresto, a widely used heart failure medication....READ MORE

Third-Party Releases Through Chapter 15—Loophole or Comity?

Recent filings suggest that companies are leveraging recognition proceedings under Chapter 15 of the U.S. Bankruptcy Code to obtain relief they couldn’t achieve under foreign or U.S. bankruptcy law alone. Noteworthy decisions highlight a judicial openness—grounded in comity—to recognize foreign proceedings in the U.S. that include third-party releases. Japanese companies eyeing this path should weigh the potential benefits against the risks of perceived abuse....READ MORE

“Third Party Releases Alive and Well in Chapter 15 — Creative Maneuver or Comity?” The Review of Banking & Financial Services

In an article for The Review of Banking & Financial Services, Partners Doug Spelfogel and Derek Wright and Associate Karen Lou discuss the rise in companies seeking to use creative tools to implement third-party releases through Chapters 15 recognition proceedings. The authors analyze Harrington v. Purdue Pharma L.P., and recent bankruptcy court decisions....READ MORE

Proposed Changes to Higher Education Financial and Tax Policy: What Colleges and Universities Need to Know

Both Congress and the White House have sought to introduce new financial restrictions for institutions of higher education, building on efforts made during President Trump’s first term. These proposed restrictions include limits on foreign donations to institutions, changes to the reporting process for such donations, and increases to the endowment tax. Since President Trump’s inauguration, congressional Republicans have advanced several legislative proposals, varying in scope and structure. In ...READ MORE