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Latest News in Bankruptcy

• April 21, 2026

  Jury Told Ex-Finance CEO Is The Fall Guy In $100M Fraud Case

  Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.

• April 21, 2026

  Bills Sinking 'Texas Two-Step' Ch. 11 Cases Reintroduced

  Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.

• April 21, 2026

  Purdue Pharma Sentencing Punted For In-Person Attendance

  A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.

• April 21, 2026

  Meyer Burger Unit Gets OK On Ch. 11 Wind-Down Plan

  A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 liquidation plan of Swiss solar panel company Meyer Burger's U.S. arm, letting the subsidiary sell off its remaining assets and wrap up its bankruptcy.

• April 20, 2026

  Beasley Allen Pro Hac Vice Revoked In Philly J&J Talc Cases

  A Pennsylvania state court has booted Beasley Allen Law Firm attorneys from representing consumers in nine cases that link Johnson & Johnson's talcum powder to ovarian cancer, saying their pro hac vice admission was inappropriate given the firm's dealings with an attorney who previously represented the company.

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