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The Story Behind American Tire's Chapter 22 Bankruptcy
American Tire Distributors, one of the largest replacement tire suppliers in the country, filed its second Chapter 11 bankruptcy, unofficially known as a Chapter 22 in insolvency jargon, in Delaware earlier this month, citing a pandemic-fueled business bubble that has also affected other players in its changing industry.
Meet The Attys Behind Channel Control Merchants' Ch. 11
The parent of secondary market retail chain operator Channel Control Merchants has hired attorneys from Young Conaway Stargatt & Taylor LLP to help it address more than $76 million in debt and close its 68 locations by the end of the year through a Chapter 11 process.
Whittaker Files Ch. 11 Plan Amid Dispute With Talc Claimants
Bankrupt talc supplier Whittaker Clark & Daniels Inc. presented a Chapter 11 plan Monday that would be funded by a proposed $535 million settlement with its successors, but a dispute with the official committee of talc claimants could derail the plan.
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After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with member-owned ha... (more story)
A bankruptcy judge in Delaware has approved a settlement among the wind-down trust created through the Chapter 11 plan of defunct cryptocurrency firm Terraform Labs, the company's co-founder, the Luna Foundati... (more story)
Check out the Law360 Pulse Leaderboard to see which firms made the list of leaders in all-around excellence this year.
Competition for top talent among elite law firms shows no signs of slowing down, even amid economic uncertainty, with financially strong firms deploying aggressive strategies to attract and retain skilled prof... (more story)
Rachel C. Strickland, partner and global chair of the restructuring department at Fried Frank Harris Shriver & Jacobson LLP, represented two Georgia election workers in a bankruptcy lawsuit against Rudolph W. ... (more story)
The trustee overseeing a pool of funds to pay creditors of Mallinckrodt plc has reached a deal to slash more than $331 billion of purported claims from insurers down to $6.7 million in the drugmaker's first bankruptcy case.
Counsel for retail chain Conn's told a Texas bankruptcy judge Wednesday that no one has beaten the $360 million baseline bid for its assets from debt collector Jefferson Capital Systems and asked for a hearing... (more story)
Long Island's Roman Catholic diocese must meet with its insurers Thursday to sort out the remaining details of their settlement, a New York bankruptcy judge said Wednesday, making clear he expected urgent work... (more story)
A Texas bankruptcy judge has told a former contractor at a liquid natural gas facility project it is not entitled to insurance recoveries or fund distributions from the joint venture it entered Chapter 11 to exit.
A Texas bankruptcy judge approved a case management order Wednesday that puts the Chapter 11 proceedings of Johnson & Johnson's talc unit on track for January hearings over a prepackaged plan that will address... (more story)
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Reed Smith LLP has struck a deal with the U.S. Trustee's Office to take a $150,000 haircut on its fee application for representing shipping firm Eletson Holdings in its Chapter 11 case and explain its prepetit... (more story)
Troubled gym chain Blink Fitness has informed the Delaware bankruptcy court that a unit of U.K.-based global gym operator PureGym Ltd. was the successful bidder in the insolvent company's Chapter 11 asset auct... (more story)
A Delaware federal judge has upheld a decision by the bankruptcy judge overseeing the Chapter 11 case of medical device maker Stimwave Technologies to screen the filings of the company's ex-CEO and two of her relatives.
Connecticut law firm Evans & Lewis PC and partner Douglas J. Lewis have prevailed in a professional negligence lawsuit in state court alleging that their incompetence caused a former client's home to go into f... (more story)
Bankrupt burger and pizza restaurant operator BurgerFi International Inc. announced its major senior secured lender as the winner of its asset sale — a credit bid for $54 million.
A California appellate panel has thrown out a $10.6 million asbestos verdict against Pneumo Abex LLC and ordered a new trial, finding that the trial court erred in granting a directed verdict that rejected the... (more story)
Credit reporting bureau Equifax was recently hit with a proposed class action accusing it of failing to note discharged debts when debtors converted their bankruptcy cases from Chapter 13 to Chapter 7.
A Delaware bankruptcy judge on Wednesday cleared medical implant manufacturer Exactech Inc. to borrow a portion of $85 million in bankruptcy funding being provided by existing lenders, after the company agreed... (more story)
Hardinge Inc., a New York-based tool manufacturer, received a Delaware bankruptcy judge's permission Wednesday to send its Chapter 11 wind-down plan off to a creditor vote, while the debtor and its official co... (more story)
A Delaware bankruptcy judge Wednesday agreed to give her interim approval for Ultra Safe Nuclear Corp. to access $10 million of its debtor-in-possession financing as it moves towards a planned sale in December.