Federal Court Finds that OEM Purchase Order Does Not Necessarily Govern Parties’ Contract
The U.S. Eastern District of Michigan recently held that an automotive OEM’s purchase order did not, as a matter of law, govern the parties’ supply contract. In Synergen Inc. v. FCA US LLC, case no. 16-cv-11842 (E.D. Mich....
Court of Appeals Applies Michigan Law to Forum-Selection Clause, Regardless of Parties’ Choice of Law
In a case of first impression, the Michigan Court of Appeals recently held that Michigan law applies to the interpretation of a contract’s forum-selection clause, regardless of whether the contract contains a choice of law clause for a...
What Happens After a Business Files For Chapter 11 Bankruptcy?
Bankruptcy is a powerful tool that businesses use to restructure their finances and remain in business. If you are struggling financially as a business owner, consider the option to file for Chapter 11 bankruptcy.
In a Chapter 11 bankruptcy, a...
Chapter 11 Bankruptcy Basics
Goodrich Quality Theaters Files for Bankruptcy
Goodrich Quality Theaters has filed for bankruptcy in the U.S. Bankruptcy Court for the Western District of Michigan on February 24, 2020. The company has 30 locations across Michigan, Illinois, Indiana, Florida, and Missouri. Renovations were made...
The Impact of the Coronavirus on the Supply Chain
In addition to the loss of life, the coronavirus is significantly impacting the supply chain in the automotive industry. The increasing spread of the virus in and outside of China has not only shut down plants in China, but will likely lead to...
What Does the Small Business Reorganization Act of 2019 (SBRA) Mean for Small Businesses?
Chapter 11 bankruptcy is a successful tool for large corporations and individuals. However, Chapter 11 bankruptcy presents many hurdles for small businesses and sometimes proves too costly. The Small Business Reorganization Act of 2019 is...
Supreme Court: Trademark Use Contract Rights Survive Rejection
The Supreme Court’s recent decision in Mission Product Holdings v. Tempnology clarifies what happens to contractual rights upon a debtor’s rejection of a contract under Section 365 of the Bankruptcy Code. The question before the...
Delaware Supreme Court Holds Operating Agreement May Void Related Party Contract
The Delaware Supreme Court recently held that a limited liability company’s operating agreement may void a contract entered into between the company and a related party. In CompoSecure, LLC v. CardUX, LLC, 2018 Del. LEXIS 496 (Del. Nov. 7,...
