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![The U.S Supreme Court is seen on Friday, June 14, 2024, in Washington. (AP Photo/Mariam Zuhaib)](https://assets.law360news.com/1848000/1848287/0be19c023468ac9552e9332186441b9b03ce769d-supreme_court_62765.jpg)
Forward-Looking Fix Resolves Yearslong Ch. 11 Fee Fight
The U.S. Supreme Court looked to the future rather than the past when deciding Friday that Congress' bandage to mask the scar from $326 million in alleged U.S. Trustee's Office fee overpayments was enough to fix the issue, bringing into stark contrast the philosophical differences in how the justices remedy constitutional breaches, experts told Law360.
![UNITED STATES - NOV 15:"Megabus" man poses in front of one of the new buses during a ribbon cutting to celebrate the beginning of Megabus intercity bus operations at Union Station. (Photo By Douglas Graham/Roll Call)](https://assets.law360news.com/1848000/1848092/03830755f89e1997f221b7312b0be08162371781-gettyimages-132910829.jpg)
Meet The Attorneys In Coach USA Inc.'s Ch. 11
A team of lawyers from Young Conaway Stargatt & Taylor LLP and Alston & Bird LLP whose experience encompasses complex restructurings is helping bus company Coach USA Inc. navigate Chapter 11 so the company can auction off its assets in August.
![A boy walks past an hoarding of Byju's IAS coaching center in New Delhi, India on June 24, 2023. Byju's, an Education Technology company, and one of the top India's Startup, is in crisis since it has missed its interest payment on its $1.2 billion loan and other various issues. (Photo by Kabir Jhangiani/NurPhoto via AP)](https://assets.law360news.com/1847000/1847608/2afc26b0f17b025fd0f8f09ebcf884db15488466-india-economy__84509.jpg)
5 Things To Know About Byju's US Unit's Tumultuous Ch. 11
The bankruptcy of the U.S. arm of Indian education technology giant Byju's hasn't followed a typical path through Chapter 11 since it was filed in February in Delaware, and instead has featured multiple contempt of court rulings, growing fines, involuntary Chapter 11 petitions and a freezing injunction to preserve the status quo of $533 million that the debtor says went missing.
Large Cap More
Thirteen days into June, the U.S. Supreme Court had recorded one of the highest rates of unanimous decisions in the past four decades. But the era of historic consensus was tarnished a bit Friday when the cour... (more story)
Hunter Biden has tentatively agreed to drop a federal computer fraud and digital privacy suit against Rudy Giuliani and various other defendants relating to alleged data theft from his infamous laptop, after t... (more story)
A compliance investigator at cryptocurrency wallet provider BitGo testified in Manhattan federal court Friday that he identified multiple "financial crime red flags" in the digital asset exchange promoted by C... (more story)
The New York Council of Defense Lawyers has slammed a Chapter 11 trustee's attempt to claw back legal fees from an Empire State law firm that represented three nondebtor entities associated with bankrupt Chine... (more story)
A Delaware bankruptcy judge on Friday gave Express Inc. the go-ahead to hand over its clothing retail business as a going concern to the provider of the $160 million stalking-horse bid in its Chapter 11 auction.
Goetz Fitzpatrick LLP and Platzer Swergold Goldberg Katz & Jaslow LLP will combine forces next year to create a single New York City firm.
The U.S. Supreme Court sided with the U.S. Trustee's Office on Friday in finding that an amended fee structure implemented before a 2022 ruling that struck down a nonuniform system of payments was all that was... (more story)
A Connecticut bankruptcy judge approved a request by the Chapter 11 trustee overseeing exiled Chinese billionaire Miles Guo's case to liquidate $2.9 million in investment fund shares held by Lamp Capital LLC, ... (more story)
A Nevada bankruptcy judge on Thursday agreed to approve a $20 million draw of debtor-in-possession financing and some customary first-day motions for bankrupt mining company Nevada Copper Inc., clearing the wa... (more story)
A stalking horse bidder offering $136 million in cash for the assets of clothing retailer Express Inc. will be the buyer in the debtor's competitive sale process, after its offer was deemed to be the only qual... (more story)
Mid Cap More
The debtor-in-possession lender and unsecured creditors of almond grower Trinitas Farming LLC told a California bankruptcy judge on Friday they had resolved their dispute over Trinitas' liquidation strategy, c... (more story)
Red Lobster said Friday it reached a global deal with creditors, lenders and landlords that clears the way for a consensual Chapter 11 reorganization, after resolving disputes over a bankruptcy financing packa... (more story)
At a hearing on Friday, a Texas bankruptcy judge authorized the appointment of a Chapter 11 trustee in the bankruptcy of boat and water sports retailer Tommy's Boats after the company was recently denied the u... (more story)
Light-sport aircraft manufacturer Icon Aircraft said Friday it selected a $15.5 million offer from a unit of German textile machinery producer Durkopp Adler as the winning bid for its assets at a Chapter 11 au... (more story)
Nursing home operator Petersen Health Care's creditors urged the Delaware bankruptcy court to let them examine transactions between the debtor and related entities that aren't in its Chapter 11 case, including... (more story)
Creditors of a Pittsburgh-area nursing home network indicated Thursday they were open to $43.7 million in debtor-in-possession financing as the group prepares to potentially sell off a portion of its footprint... (more story)
A New York federal judge will let an arbitrator who found that Levona Holdings Ltd. owed Eletson Holdings Inc. almost $87 million in damages clarify the order, saying it was sufficiently ambiguous to require e... (more story)
Red Lobster's Chapter 11 case is becoming contentious as creditors face off against the restaurant chain's key lender Fortress Credit Corp., challenging its ability to credit bid for the company and its liens ... (more story)
A Delaware bankruptcy judge agreed Thursday to grant interim approval for bus operator Coach USA's almost $200 million debtor-in-possession package, allowing it to access some $20 million in new funds as it wo... (more story)
SouthRock Capital Ltda., a Brazilian private equity company that operates international food service brands including Starbucks and TGI Friday, filed for Chapter 15 bankruptcy in Texas, blaming its insolvency ... (more story)