Bankruptcy & Restructuring Litigation Update – November 2021

Third Circuit Affirms Dismissal in Reliance on Technical Exception to General Rule That State Sovereign Immunity Does Not Apply in Bankruptcy Cases - In a recent non-precedential decision that relied on the technical distinction between a “property interest” and a “revocable privilege,” the United States Court of Appeals for the Third Circuit upheld the dismissal of claims against the Commonwealth of Pennsylvania arising from its revocation of a slot machine license after the Commonwealth...
By: Quinn Emanuel Urquhart & Sullivan, LLP

Quinn Emanuel Urquhart & Sullivan, LLP