BREAKING: High Court Strengthens Bankruptcy Court Jurisdiction
Katie Friedman, Director of Marketing | May 26, 2015
The Court ruled today on the Wellness International Network Ltd. v. Sharif case, an important post stern v. marshall decision which may be a reining in of its previous attacks on bankruptcy court jurisdiction.
Excerpt from Law360 -
BREAKING: High Court Strengthens
Bankruptcy Court Jurisdiction
By Jonathan Randles
Law360, New York (May 26, 2015, 10:33 AM ET) -- The U.S. Supreme Court ruled Tuesday that bankruptcy courts have the authority to make final decisions on certain legal claims that help liquidate a debtor or adjudicate a bankruptcy proceeding, a decision that affirms the jurisdictional authority of bankruptcy courts.
Justices ruled 6-3 in favor of overturning the Seventh Circuit, which ruled bankruptcy courts lack jurisdiction not expressly granted to it by an Article III court. The decision will likely clear up confusion in the restructuring community over which matters can be decided in Chapter 11 and which need an Article III court.
Read more on Law360 here or download a PDF of the decision here.