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.
The U.S. Supreme Court's decision to overturn a California high court's ruling that 600 nonresidents could pursue claims against Bristol-Myers Squibb over a blood thinner drug heads this year's list of top product liability cases, along with a bankruptcy ruling exposing General Motors to millions of claims not related to its infamous ignition switch.
Bankrupt clothing retailer Aeropostale filed an amended restructuring plan Thursday, more than a year after it was sold to a group of commercial real estate owners and other companies, saying its lenders have agreed to its proposed wind-down and distribution arrangement.
Avaya Inc. has shortened its naming rights contract with a soccer stadium in San Jose to 2018 instead of 2024, the bankrupt telecom giant told a New York bankruptcy court Thursday, as it ties up loose ends ahead of an imminent exit from Chapter 11.
The Texas Supreme Court on Friday declined to revisit its decision that Noble Energy Inc. has to indemnify ConocoPhillips in connection with $63 million in environmental cleanup costs despite arguments that Noble’s predecessor wasn’t properly told about the indemnity agreement.
Commercial real estate listing firm Xceligent Inc. on Friday filed for Chapter 7 bankruptcy in a Delaware bankruptcy court after a year of legal fights with a rival listing service.