James D. Newell, shareholder in Buchanan’s bankruptcy and insolvency section, was quoted in a Pittsburgh Business Times article titled, “Why business bankruptcies are up – way up – in Pittsburgh.” The article noted that the energy slump pushed bankruptcy filings by Pittsburgh businesses up 18 percent at midyear 2016 compared to the six-month mark in 2015.
“It’s clearly energy-related,” said James Newell, a shareholder at Buchanan Ingersoll & Rooney PC whose practice centers on bankruptcy and corporate reorganizations. “It’s a busy time for bankruptcy lawyers who have clients in the energy sector and that’s not going to abate in the near future.”
Click here to view the article. (Subscription required)