Articles Posted in Bankruptcy, Receivership, and Financial Institutions

Law360 covers the ongoing lawsuit, in which IMcP represents Jackson Hospital & Clinic, Inc. against Blue Cross and Blue Shield of Alabama. The case continues to receive media attention. Jackson Hospital & Clinic, Inc.’s lead counsel is IMcP partner, Chase Potter. Bios of IMcP’s bankruptcy lawyers are above. Bankrupt Hospital Wants Out Of $3B BCBS…

Media coverage closely follows the lawsuit by Jackson Hospital (represented by IMcP) in Montgomery, Alabama against Blue Cross Blue Shield of Alabama. The suit alleges the insurance provider caused the hospital’s bankruptcy through years of underpayment and, if Jackson closes, approximately 1,800 employees would lose their jobs and wait times at surrounding emergency rooms would…

Today, Law 360 covered the lawsuit filed by the bankruptcy trustee (represented by IMcP) against Chapman and Cutler LLP. Chase Potter is lead counsel, working closely with IMcP partners. The case is Seidel, Trustee v. Chapman and Culter LLP et al, No. 25-03037-mvl in the United States Bankruptcy Court for the Northern District of Texas. Bios…

Bloomberg Law’s article “Banking Startup’s Bankruptcy Estate Sues Law Firm Over Collapse” describes “A trustee handling the bankruptcy estate for “anti-woke” banking services startup GloriFi is suing Chapman & Cutler LLP on allegations that it played a role in the company’s downfall by aiding its founder’s alleged self-dealing efforts.” Chase Potter is lead counsel, working…

Bloomberg Law’s article — ‘Anti-Woke’ Banking Startup Founder Sued by Bankruptcy Estate — discusses the litigation lead by IMcP on behalf of Glorifi. The article explains: “The founder of “anti-woke” financial services startup GloriFi is being sued by an agent of the company’s bankrupt estate on allegations of self-dealing, misrepresenting facts to investors, and creating…