Millennium Lab Trust Needs More Time For $1B JPMorgan Suit

The trustee in charge of a corporate claims trust created under the Chapter 11 plan of Millennium Lab Holdings II LLC asked a Delaware bankruptcy judge to reopen the company’s case Wednesday, saying he needs more time to complete litigation against JPMorgan Chase Bank NA that could reap $1 billion for the trust.

Kirschner is represented by G. David Dean and Jack M. Dougherty of Cole Schotz PC.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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