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John T. Carroll, III

Co-Chair, Bankruptcy, Insolvency & Restructuring

: Wilmington
1201 North Market Street
Suite 1001
Wilmington, Delaware 19801
P: (302) 295-2028
TF: (888) 207-2440
F: (302) 295-2013

John T. Carroll, III

John T. Carroll, III is a member of Cozen O'Connor and co-chair of its Bankruptcy, Insolvency, & Restructuring Practice Group. John practices in the firm's Wilmington office.

In bankruptcy proceedings and commercial loan workouts, John has for many years represented a broad spectrum of clients including secured lenders, trustees, creditors’ committees, and debtors-in-possession. He has a substantial practice in representing trustees in bankruptcy.

John graduated from Villanova University in 1978 with a B.S. in accounting. In 1981, John received his J.D. from the Delaware Law School of Widener University.

Publications

Retirees Find that Employer's Bankruptcy May Be a Good Thing [Bankruptcy, Insolvency & Restructuring Alert!]

July 26, 2010

Retirees Find that Employer's Bankruptcy May Be a Good Thing - Bankruptcy, Insolvency & Restructuring Alert! - In deciding a question never before addressed by a circuit level court, the U.S. Court of Appeals for the Third Circuit, in In re Visteon, No. 10-1944 (July 13, 2010), held that the plain language of section 1114 of the Bankruptcy Code forbids a debtor from modifying or terminating retiree benefits without first complying with that section’s procedural and substantive safeguards

Third Circuit Remands Case Involving Use of In Pari Delicto Defense by Outside Auditors, After Receiving Pennsylvania Supreme Court's Guidance [Bankruptcy, Insolvency & Restructuring Alert!]

June 03, 2010

Third Circuit Remands Case Involving Use of In Pari Delicto Defense by Outside Auditors, After Receiving Pennsylvania Supreme Court's Guidance - Bankruptcy, Insolvency & Restructuring Alert! - In a February 19, 2010 Alert, we reported on an opinion of the Pennsylvania Supreme Court regarding the use of an imputation-based in pari delicto defense in an auditor-liability context, an issue of first impression under Pennsylvania law. Off. Comm. of Unsecured Creditors of Allegheny Health Educ. & Research Fund v. PricewaterhouseCoopers, LLP (“Allegheny III”), 989 A.2d 313 (Pa. 2010).

Pennsylvania Supreme Court Restricts Use of In Pari Delicto Defense by Outside Auditors [Bankruptcy, Insolvency & Restructuring Alert!]

February 19, 2010

Pennsylvania Supreme Court Restricts Use of In Pari Delicto Defense by Outside Auditors - Bankruptcy, Insolvency & Restructuring Alert! - On February 16, 2010, the Pennsylvania Supreme Court issued an opinion of first impression under Pennsylvania law as to whether an imputation-based in pari delicto defense in an auditor-liability context may be asserted.