Bankruptcy Law360 provides breaking news and analysis on bankruptcy law. Coverage includes corporate bankruptcies and out-of-court restructurings, as well as corporate distress and imminent bankruptcy and policy developments that affect bankruptcy law.
Robinson & Cole LLP announced Tuesday the expansion of its bankruptcy practice with the addition of a team of five lawyers, including three partners, and the opening of new offices in Wilmington and Philadelphia.
A Texas bankruptcy judge on Tuesday confirmed iHeartMedia Inc.’s plan to reorganize and shed more than $10 billion in funded debt, paving a path for the broadcast media giant to emerge from Chapter 11 proceedings untethered from its billboard subsidiary.
The former owners of Maxus Energy Corp. told a Delaware bankruptcy judge Tuesday that a $14 billion suit brought by the company’s Chapter 11 liquidation trustee should be dismissed because it focuses on the same claims brought and adjudicated in a New Jersey state court action.
A Manhattan federal judge declined Tuesday to block Harvey Weinstein from releasing emails related to potential class members — including a number of famed actresses — in a sex-trafficking action targeting the fallen film mogul, his bankrupt movie company and others accused of facilitating his alleged abuse.
Onetime automotive and brake parts supplier Maremont Corp. opened a more than $75 million prepackaged Chapter 11 in Delaware early Tuesday, aiming to fold most of its remaining assets into an injury claims trust.