November 23, 2020
By Zev Shechtman, et al.
It’s time for Congress to address bankruptcy venue
What do the Dodgers, American Apparel, Rubio’s Fish Tacos, California Pizza Kitchen, MGM Studios, and Pacific Sunwear have in common? Each is an iconic Southern California brand. But that’s not all they have in common. These companies are members of a growing list of California companies that strategically elected to file for bankruptcy outside of California. By filing for bankruptcy in faraway states, they deprived local employees, vendors and creditors from participating in the bankruptcy process. Read more —