Shumaker Manufacturing

A Legal & Industry Review

Throwback Thursday – Lehman Brothers Chapter 11 Filing 8 Years Ago Today

Yale School of Management’s 2014 “Lehman Brothers Bankruptcy A” stated that Lehman’s demise was a seminal event in the financial crisis that began in the U.S. subprime mortgage industry in 2007, spread to the credit market and then burned through the world’s financial markets. The Lehman Brothers Chapter 11 case, the largest in U.S. history also produced the “Sale of the Century” Chapter 11 Section 363 sale to Barclays, as explored in the attached article published in the Winter 2010/11 edition of Eurofenix, a publication of INSOL Europe, the premier trade association of insolvency professionals in Europe.

US Sale of the Century: Five Days in September


The Cat’s Out of the Bag: How to Manage a Cybersecurity Breach and Defend Against Liability


ACC Chapter pic.jpg

Shumaker was the proud sponsor of an interactive discussion on Cybersecurity and Data Breach this morning. Together with the ACC, Charlotte Chapter’s Manufacturing Affinity Group, Shumaker sponsored a panel discussion: The Cat’s Out of the Bag: How to Manage a Cybersecurity Breach and Defend Against Liability (sponsored by Shumaker, Loop & Kendrick, LLP)

When: September 15, 2016 8-9:30am Café Monte


Scott La Porta, Shumaker, Moderator

David A. Katkowski, Special Agent, FBI Charlotte

Kevin Zolot, Assistant US Attorney, Western District of NC

Grady Kellogg, Lockton Companies

JoAnne Laffey Abed, Bright+Co. Marketing Agency

James Bitzes, Ernst & Young

Panel Discussion: Managing a cybersecurity breach can be a daunting task and the ramifications of a breach can be detrimental to your supplier and customer relationships, your employees, and your most valuable business assets. This Q&A Session will be led by a panel of experts including representatives from the FBI, the US Attorney General’s Office, and the Cybersecurity Consulting, Insurance, and Public Relations industries who help manage these issues every day. They will answer your questions regarding cybersecurity breaches as they relate to your supply chain, your employees’ and customers’ personally identifiable information, and your confidential information/IP Assets.









Shumaker attendees included: David Conaway, Scott La Porta, Warren Kean, Jim Culbreth, Josh Hayes, Heidi Team and Cheryl Elgin.


The Association of International Credit and Trade Finance Professionals


On September 14, 2016, at 11 a.m. EDT, my partner, David Grogan, will give a 75-minute presentation via webcast to The Association of International Credit and Trade Finance Professionals on the topic of “Preferences – Beating the Odds (a U.S. perspective).” You are invited to participate. We have arranged with ICTF for our invitees to attend at no charge. For more information, please visit ICTF and use code SLK for complimentary registration.


Questions, comments or want to learn more? Contact David Conaway at



I had an occasion recently to compare the preference laws of the US and Canada in a cross-border matter, and wanted to share the attached compendium comparing the insolvency laws of the U.S., Canada and Mexico, Insolvency Laws in Canada, Mexico and the U.S. A Comparative Law Analysis for Trade Creditors, an “everything you need to know” resource for our clients and friends. These materials were presented at a webinar for The Association of International Credit and Trade Finance Professionals (ICTF), with the valuable contributions and assistance from colleagues in Canada and Mexico.

Insolvency Laws in Canada, Mexico & the US (Source: ICTF)

South Korea’s Hanjin Shipping Files For Bankruptcy Protection

According to the August 31, 2016 edition of the WSJ, South Korea’s Hanjin Shipping Co. filed for receivership under Korean law with the Seoul Central District Court. Hanjin is the world’s seventh-largest shipping line by capacity, whose largest creditor, Korea Development Bank, withdrew its funding support. Continue reading