Murphy & King, P.C. announced today that the Firm received top tier placement among law firms in Boston in the 2021 edition of U.S. News – Best Lawyers “Best Law Firms” for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Bankruptcy Litigation. The rankings are based on an evaluation process that includes...

Murphy & King, P.C. announced today that Shareholders Harold B. Murphy and D. Ethan Jeffery have been recognized as members of the Lawdragon 500 Leading U.S. Bankruptcy and Restructuring Lawyers. The Lawdragon...

Nine Murphy & King attorneys have been selected to the 2020 Massachusetts Super Lawyers list and two have been selected to the 2020 Massachusetts Rising Stars list. The Super Lawyers list includes attorneys Charles R. Bennett, Jr.,

Murphy & King, P.C. announced today that Shareholder Kathleen R. Cruickshank has been chosen as an honoree at Massachusetts Lawyers Weekly’s annual “Top Women of Law” event. Cruickshank is one of 50 Top Women that will be honored at the virtual event on Tuesday, November 17, 2020. Massachusetts Lawyers Weekly’s

Murphy & King, Professional Corporation announced today that the firm received Tier 1 placement in Massachusetts for Restructuring and Insolvency in the latest IFLR1000 United States firm rankings. In addition, Harold B. Murphy, Shareholder and Founder of Murphy & King’s

Murphy & King, P.C. announced today that eight of the firm’s Shareholders are recognized by Best Lawyers® in Best Lawyers in America© 2021. Daniel J. Lyne and Daniel M. Rabinovitz, are recognized for their exemplary work in Commercial Litigation. Harry B. Murphy, Charles R. Bennett, Jr., and William R. Moorman, Jr. are recognized for...

Murphy & King, P.C. announced today that Shareholder Kathleen Cruickshank has been named Section Co-chair for the Bankruptcy Law Section of the Boston Bar Association (BBA). Ms. Cruickshank will officially be stepping into the position in September. “We are extremely proud of the work Kate does not only for Murphy & King, but for her...

Thousands of victims of one of the world’s largest Ponzi and pyramid schemes will finally receive reparations from the TelexFree Chapter 11 cases which are pending in the U.S Bankruptcy Court in the District of Massachusetts.  During a hearing held on July 8, 2020, Bankruptcy Judge Hoffman approved the plan filed by Stephen Darr, the Chapter 11...

Murphy & King, P.C. Shareholder Kathleen Cruickshank, a member of the firm’s Bankruptcy and Financial Restructuring practice, has been named to the newly formed COVID-19 standing committee of the Boston Bar Association’s Bankruptcy Section. It is expected that the COVID-19 crisis will significantly increase the number of bankruptcy cases...

Murphy & King Shareholder D. Ethan Jeffery will be inducted as a Fellow in the American College of Bankruptcy on March 13, 2020, in Washington, DC. Attorney Jeffery will join other Fellows from the U.S. and across the globe in the College’s 31st class who are being honored...

Like judges, arbitrators are paid for their time. Judges, of course, draw a salary from the treasury, while arbitrators are paid by the parties. The freedom to choose an arbitrator best suited to the case is one of the great advantages of arbitration, but because some businesses are “repeat players,” appearing frequently before a particular...

(Boston, MA) Nine Murphy & King attorneys have been selected to the 2019 Massachusetts Super Lawyers list and two have been selected to the Massachusetts Rising Stars list. The Super Lawyers list includes attorneys Charles R. Bennett, Jr., Daniel J. Dwyer, David L. Evans, D. Ethan Jeffery, Andrew G. Lizotte, Daniel J. Lyne, Harold B. Murphy,...

Effective October 1, 2018, Massachusetts will have a new statute regulating employers' enforcement of non-competition agreements. This article briefly summarizes key provisions of this new law, which applies to agreements entered into on or after its effective date. Summary of Statute Most notably, the statute requires that employee...

In a recent Radio Entrepreneurs podcast, we discussed the various circumstances under which principals of a company can be exposed to personal liability for the debts of that company, including potential liability for...

Most attorneys representing closely held companies in Massachusetts likely took note of the recent decision in Baker, et al. v. Wilmer Cutler Pickering Hale and Dorr LLP, et al., in which the Appeals Court allowed the non-client minority members of an LLC to pursue breach-of-fiduciary-duty claims against the company’s counsel. The...

When a Ponzi scheme collapses, as they all eventually do, the court must develop a process for repayment of victims based upon the limited funds that may be available.  A critical component of this process is determining the amount of a victim’s claim that will share in any recovery.  The Second Circuit Court of Appeals recently issued a...

Attorney Andrea MacIver wrote "SHOOT NOW, ASK QUESTIONS LATER: HOW TECHNOLOGY-BASED STARTUPS DRAFTKINGS AND FANDUEL ARE CHANGING THE WAY WE DO BUSINESS" for the Quinnipiac Law Review, Vol. 35, Rev. 217. I. INTRODUCTION “We were really focused on how to get a business started, how to raise capital, how to find an office. We weren't thinking...

One of the principal benefits for an individual filing for bankruptcy is the so-called fresh start, that is, a discharge of liabilities that arose prior to the bankruptcy.  A recent decision of the Massachusetts Bankruptcy Court addressed the right to a discharge in relation to covenants not to compete with a former employer or...

In November 2016, we provided an update on a novel bankruptcy case addressing an individual’s right to exempt the value of their home under the Massachusetts homestead law.   Specifically, the case involved whether Massachusetts law could be applied to exempt the value of property located in another state (it can).  A Massachusetts bankruptcy...

Occasionally, a person or company in bankruptcy (the debtor) and a related person or company allow their financial affairs to become a bit too entangled. In these circumstances, bankruptcy courts may impose several remedies, one of which is substantive consolidation. Substantive consolidation effectively provides for the merger or combination of...