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Tuesday, October 13, 2020

Welcome to the Bankruptcy
Today Newsletter.

Your daily access to recent significant Chapter 11 case filings, relevant restructuring news and samples of some of our current distressed company profiles.

Featured Recent Filings

CourtFiledDebtorCase NoAttorneyAssetsLiabilities
D. Del.10/12/2020Acthar IP Unlimited Company20-12524Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Acthar IP Unlimited Company20-12524Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020IMC Exploration Company20-12526Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Infacare Pharmaceutical Corporation20-12528Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020INO Therapeutics LLC20-12530Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Ludlow LLC20-12533Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MAK LLC20-12536Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt APAP LLC20-12537Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Equinox Finance LLC20-12523Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Group S.à r.l.20-12527Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Holdings GmbH20-12531Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Hospital Products Inc.20-12534Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt Hospital Products IP Unlimited Company20-12538Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt LLC20-12521Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020Mallinckrodt plc20-12522Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MCCH LLC20-12525Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MEH, Inc.20-12529Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MHP Finance LLC20-12532Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MKG Medical UK Ltd20-12535Michael J. Merchant$1M - $10B$1M - $10B
D. Del.10/12/2020MNK 2011 LLC20-12539Michael J. Merchant$1M - $10B$1M - $10B

View All Filings
Featured Article

Big Data Meets Bankruptcy

Companies have collected consumer data as long as there have been companies, and had merchants note customer preferences to determine what they would sell. In the 1980s, companies used customer transactions for directmail marketing, and with the advent of the information age in the 1990s, online companies began collecting more extensive personal information for internet advertising and marketing purposes.1 In recent years, however, the volume and value of consumer data collection has increased exponentially. The transfer of consumer data has become a major multibillion-dollar industry of its own: In 2018, U.S. companies spent nearly $20 billion acquiring and analyzing consumer data.2 At the same time, consumer-privacy laws are on the rise at the state level and are under consideration at the federal level.3 Put lightly, the value of data can result in substantial friction with maintaining and complying with important consumer-privacy interests.

Bankruptcy courts routinely deal with the sale of consumer data, often in retail bankruptcies, but to date “big data” issues have rarely, if ever, surfaced. However, this could change with the anticipated surge of corporate bankruptcy resulting from the recent COVID-19 pandemic.4 Going forward, bankruptcy judges and “consumer privacy ombudsmen” (CPOs) should be ever more mindful of the complex consumer-privacy legal landscape and increasingly vocal call for stricter standards related to the collection, use and transfer of consumer information across the nation.

Read the full article

American Bankruptcy Institute Journal by Carl Wedoff and David P. Saunders. Published July 2020.

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