Members of Choate’s Restructuring and Bankruptcy team, including Jonathan Marshall, Michael Comerford, Luke Barrett, and Alexandra Thomas, have been published in the Journal of Corporate Renewal’s May 2026 retail feature story, “Independent Directors & Market Testing: How Proper Process Can Overcome Insider Transaction Objections.” The article explores a recent unpublished decision from the U.S. Bankruptcy Court for the District of Delaware, which underscores how proper process – particularly meaningful oversight by an independent fiduciary – can overcome skepticism when a distressed company seeks to sell substantially all its assets to an insider. The full article can be found in digital publication of the Journal of Corporate Renewal, available on the Turnaround Management Association (TMA) website. Choate’s Restructuring and Bankruptcy team is trusted by lenders, insurers, boards, independent directors, and special committees to guide some of the most high profile and complex insolvencies, restructurings, and DIP financings in the U.S. and abroad. Drawing on deep industry experience and seamless collaboration across the firm, our team has received national recognition for its ability to protect clients’ interests, manage risk, and maximize recoveries in even the most urgent and contentious situations. learn more