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.
Gardere Wynne Sewell LLP added partners to its corporate and bankruptcy practice groups in Dallas, along with a senior counsel with expertise in advising startups, a senior attorney focusing on restructuring and a supply network associate, the firm announced Thursday.
Software company ATopTech Inc. filed for Chapter 11 protection in Delaware on Friday, about 10 months after a California federal jury hit it with a $30 million verdict on accusations of infringing Synopsys Inc.'s copyrights, but says it has a potential buyer lined up to anchor a bankruptcy auction.
A Delaware bankruptcy judge agreed Friday to approve Triangle USA Petroleum Corp.’s disclosure statement for its Chapter 11 plan, allowing the oil driller to solicit creditor votes on a strategy centering on unsecured creditors swapping out debt for equity in a reorganized company.
Menswear supplier Hampshire Group Ltd. knit together a quick bankruptcy sale of its top brands in Delaware on Friday, netting less than $1 million but still calling the development an important step toward an orderly Chapter 11 liquidation.
The investors who are class-action plaintiffs in an adversary case in the Life Partners Holdings Chapter 11 told a Texas bankruptcy judge on Thursday to disqualify and sanction Goodman & Nekvasil PA because the firm sent out solicitation letters to Life Partners investors and lied to the court about it.