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Latest News in Bankruptcy

• February 25, 2026

  Jefferies Faces Investor Fraud Suit Tied To First Brands Crash

  Jefferies Financial Group investors accused the financial services firm of misrepresenting the safeguards of a fund linked to now-bankrupt auto parts maker First Brands Group in order to secure their $25 million investment, according to a New York lawsuit made public Wednesday.

• February 25, 2026

  DCG Crypto Class Action Proceeds, But State Law Claims Cut

  Digital Currency Group must face a proposed class action accusing it of trying to conceal a $1.1 billion debt crisis from lenders through a "sham transaction" with its crypto-lending subsidiary, but a Connecticut federal judge cut state law claims on the grounds that they overlapped with the suit's federal securities claims and could delay the action if allowed to remain.

• February 25, 2026

  Lender In Fla. High-Rise Dispute Says $70M Loan Wasn't 'Free'

  A lender urged a Florida bankruptcy court on Wednesday to end an adversary proceeding alleging that it fraudulently induced the holder of a downtown Miami high-rise plot to accept the terms of a $70 million loan, arguing that the recipients are trying to get "free" money. 

• February 25, 2026

  Levona Wants Permanent Injunction In Eletson Gas Spat

  Levona Holdings urged a New York district court to permanently bar the former majority shareholders of Eletson Gas from exercising any control over the company or interfering with Levona's ownership of the preferred interests in the company, several weeks after the federal court vacated a $102 million arbitration award in the feud.

• February 25, 2026

  Porta-Potty Co. Sees Quick Ch. 11 Exit After Plan Confirmed

  Porta-potty provider United Site Services Inc. is on track to exit bankruptcy later this week after a New Jersey bankruptcy judge confirmed its Chapter 11 plan with opt-out third-party releases intact, over the objection of a federal watchdog.

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