Connecticut-based law firm Finn Dixon & Herling LLP has launched a bankruptcy and corporate reorganizations practice with the help of a new partner experienced in corporate restructurings and complex commercial litigation.
The company that owns the casual-dining chains Bennigan's, Ponderosa and Bonanza has reportedly hired a bankruptcy attorney and prepared a Chapter 11 filing, but it is in talks with a major lender to stave off bankruptcy.
Auditors and cheese mongers entwined in shareholder litigation stemming from an accounting scandal at now-bankrupt New Jersey cheese retailer Suprema Specialties Inc. have won a dismissal of the third-party claims against them.
A bankruptcy judge has approved Frontier Airlines Holdings Inc.’s proposed severance plan for its senior executives despite objections raised last week by the U.S. trustee overseeing the case.
The judge in charge of Coudert Brothers LLP's Chapter 11 case said Tuesday that he will likely approve the law firm's disclosure statement next week if the debtor incorporates a variety of changes.
Bankrupt auto parts supplier Plastech Engineered Products Inc. asked a judge on Monday to approve a settlement with its lenders and major customers that it says will help sell off its assets and wind down its operations.
The bankruptcy judge overseeing the case of industrial giant W.R. Grace & Co. has signed off on the proposed $250 million settlement involving the contaminated Libby, Mont., mine site and has given her blessing to the resolution of another $41 million in unsecured claims.
Detroit gaming facility Greektown Casino has filed for Chapter 11 bankruptcy protection, claiming that construction setbacks and cost overruns on a new expansion project have pushed it into financial trouble.
The litigation designee in ladder maker Werner Holding Co.'s bankruptcy proceedings has asked the court to find the company's spin-off, New Werner Holding Co. Inc., in contempt for filing electronic production that was late and “grossly inadequate.”
Herrick Feinstein LLP and Impala Partners LLC are seeking court approval to enter into an insurance-like agreement that would protect them against the loss of their contingency fees in the Winstar Communications Inc. bankruptcy case.
A customer of Sharper Image Corp. is seeking to lift the automatic stay on litigation against the beleaguered home gadgetry store in order to bring a class action challenging the company's revised policy on redemption of its gift cards.
After initially playing coy, Asarco LLC revealed that Sterlite Industries (India) Ltd. has scooped up the bankrupt mining company's assets for a cool $2.6 billion, much to the chagrin of parent company Grupo Mexico SA de CV.
Aloha Airlines Inc. is reportedly looking to auction off its potential recovery in an antitrust lawsuit accusing Mesa Air Group Inc. of using Aloha's proprietary information to compete in Hawaii's inter-island air market, helping drive Aloha to bankruptcy.
A federal appeals court has not completely let Fleming & Associates LLP off the hook from a 2006 sanctions order stemming from its role as plaintiffs counsel in a consolidated case against Enron Corp.’s former outside directors.
Companies have abused the bankruptcy process by forcing workers to bear the brunt of corporate reorganizations, prompting the need for new laws that give workers more rights under Chapter 11, employee advocates told U.S. House of Representatives members on Thursday.
Coudert Brothers LLP’s controversial liquidation plan that proposes releasing partners from future litigation if they help finance the law firm’s exit from Chapter 11 has come under attack by another group of former Coudert partners.
The judge presiding over W.R. Grace's Chapter 11 proceedings has shot down a hospital's bid for class certification on behalf of property owners, ruling that at this juncture such a move would unnecessarily disrupt the case and harm everyone involved.
A judge gave Delphi Corp. permission on Thursday to borrow $254 million more than it originally planned as part of its bankruptcy financing package.
A former Adams and Reese LLP partner, who faces charges of stealing $30 million from the New Orleans-based law firm, has accused the firm of taking part in a number of shady practices and of mishandling WorldCom Co.’s bankruptcy case.
Gadget retail chain Sharper Image Corp. on Thursday sold off its assets in a bankruptcy auction to a stalking horse bid by a joint venture of private investment firms. The firms, led by units of Hilco Consumer Capital Corp. and Gordon Brothers Group, will pay $49 million for the company.