Under The Radar: Bankruptcy News You May Have Missed
A bitcoin miner said its early investors cannot file claims in its Chapter 11 that allege the company was mismanaged, arguing those claims belong to the debtor's estate. A Brazilian fiber network company objected to the novel plans of telecommunications group Oi to end its Chapter 15 recognition of ongoing overseas restructuring to file for Chapter 11 instead. And a group of tort claimants said Genesis Healthcare's debtor-in-possession loan and auction plans would hamper their ability to pursue wrongful death and personal injury litigation.
Meet The Attorneys Guiding Retailer Claire's In Ch. 11
A team of attorneys from Kirkland & Ellis LLP and Richards Layton & Finger PA are guiding retail jewelry chain Claire's in its attempts to find a buyer in the company's second Chapter 11 case in seven years.
Ch. 15 Decision Shows Low Bar For US Recognition
A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.
Under The Radar: Bankruptcy News You May Have Missed
A bitcoin miner said its early investors cannot file claims in its Chapter 11 that allege the company was mismanaged, arguing those claims belong to the debtor's estate. A Brazilian fiber network company objected to the novel plans of telecommunications group Oi to end its Chapter 15 recognition of ongoing overseas restructuring to file for Chapter 11 instead. And a group of tort claimants said Genesis Healthcare's debtor-in-possession loan and auction plans would hamper their ability to pursue wrongful death and personal injury litigation.
Meet The Attorneys Guiding Retailer Claire's In Ch. 11
A team of attorneys from Kirkland & Ellis LLP and Richards Layton & Finger PA are guiding retail jewelry chain Claire's in its attempts to find a buyer in the company's second Chapter 11 case in seven years.
Ch. 15 Decision Shows Low Bar For US Recognition
A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.
Expert Analysis
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Two-year-old boutique Perry Law is continuing its hiring spree with the addition of a commercial litigation partner from Kasowitz LLP, the firm told Law360 Pulse on Thursday.
A Delaware bankruptcy judge on Thursday approved jewelry chain Claire's bid to begin closing some of its 1,500 North American stores and selling off merchandise as the company races to find a buyer for the bus... (more story)
Bankrupt healthcare company Prospect Medical Holdings Inc. told a Texas bankruptcy judge it had selected a subsidiary of Healthcare Systems of America to provide a bidding floor for debtor assets in California.
A New Jersey federal judge has rejected Johnson & Johnson's challenge to cancer patients' bid to add additional corporate defendants to multidistrict federal litigation over its talcum powder products, finding... (more story)
Moritt Hock & Hamroff LLP, a midsize firm with offices in New York and Florida, announced Tuesday that it has added two counsel to its Long Island office in Garden City — the former town attorney for the seasi... (more story)
Liquidating retailer Big Lots told a Delaware bankruptcy judge that it has reached a deal with Gordon Brothers Retail Partners after the consulting firm said it was owed the first $10 million from the $36 mill... (more story)
The parent company of jewelry chain Claire's filed for Chapter 11 protection Wednesday for the second time in seven years with $690 million in funded debt and plans to close 700 stores.
A Texas bankruptcy judge Tuesday kept the Chapter 11 bankruptcy of investment platform Linqto in the Lone Star State, finding shareholders who alleged forum shopping had not made the case to move the bankruptcy to Delaware.
Voyager Digital's former bank, Metropolitan Commercial Bank, has won dismissal of a 53-count suit alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repayi... (more story)
The Financial Oversight and Management Board for Puerto Rico, a body managing the island's debt restructuring, announced Tuesday that President Donald Trump has terminated five of its seven members.
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The official committee of unsecured creditors in the Chapter 11 case of consumer lending company Eventide Credit Acquisitions has asked a Texas judge for the appointment of a trustee to oversee the proceedings... (more story)
A Delaware bankruptcy judge Thursday confirmed the Chapter 11 liquidation plan from the company that once owned conservative social media platform Parler after the debtor resolved an objection from its ousted CEO.
Two executives from bankrupt California data company Near Intelligence Inc. fraudulently inflated the company's revenues by $25 million in a conspiracy that involved a third executive from advertising company ... (more story)
The practice of celebrity plastic surgeon Michael E. Jones filed Thursday for Chapter 11 bankruptcy relief in New York, listing less than $50,000 in assets and between $1 million and $10 million in liabilities.
A freezing order against the assets of the wife of EY's former head of tax was maintained on Thursday by a court, following a finding that his transfer of his assets to her was a sham designed to hide them from his creditors.
A New Jersey bankruptcy judge Wednesday approved the $54 million sale of Powin LLC's assets after the green energy storage battery maker spent most of the day negotiating objections raised by its customers.
Bankrupt mortgage service provider AmeriFirst Financial Inc. proposed a global settlement of disputes in its Chapter 11 case that will break a months-long roadblock to resolution of its bankruptcy proceedings.
A New Orleans federal judge approved a joint motion to transfer a legal malpractice case involving a Louisiana-based doctor and Porzio Bromberg & Newman PC to New Jersey federal court.
A Delaware bankruptcy judge agreed Wednesday to consider medical technology company UpHealth's bids for confirmation of its Chapter 11 plan and to throw out an adversary proceeding launched by Indian company G... (more story)
Nursing home operator Legacy North Royalton Operating Company LLC has filed for Chapter 7 liquidation in Ohio bankruptcy court, citing both assets and liabilities of between $1 million and $10 million.