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Latest News in Bankruptcy

  • December 03, 2021

    Creditors Claim Aeromexico Plan Hands $268M To Insiders

    Grupo Aeromexico's unsecured creditors committee has told a New York bankruptcy judge it will oppose the airline's proposed Chapter 11 plan, saying it gifts corporate insiders with nearly $268 million in equity while shorting other creditors.

  • December 03, 2021

    Riverbed's Ch. 11 Plan To Slash $1.1B Of Debt Approved

    Bankrupt information technology company Riverbed Technologies Inc. received court approval Friday in Delaware for its Chapter 11 plan that slashes $1.1 billion of debt from its balance sheet just two weeks after its bankruptcy case commenced.

  • December 03, 2021

    GBG USA Moving Toward Ch. 11 Plan Following Diddy Sale

    A bankrupt subsidiary of clothing brand owner Global Brands Group told a New York judge Friday that it plans to get court approval for a sale of Sean "Diddy" Combs' former clothing line on Dec. 22, which will allow it to finalize a Chapter 11 plan of liquidation.

  • December 03, 2021

    Plan OK Ends 'Complicated' Nursing Home Biz Ch. 11

    A Delaware judge Friday approved an unopposed Chapter 11 plan for affiliates of Consulate Health Care, ending a nine-month process that counsel for the nursing home operator said had proven unusually complicated.

  • December 03, 2021

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Nintendo take on U.K. internet providers, collapsed TV company Arena take on its directors, and major fashion brands chase MasterCard for swipe fees. Here, Law360 looks at those and other new claims in the U.K.

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