Expert Analysis

High Court Made Profound Mistake In Tossing Purdue Deal

The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)

What FTX Case Taught Us About Digital Asset Recoverability

FTX's Chapter 11 plan has drawn lots of attention, but the focus should be on the anticipated outcome for investor... (more story)

A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this... (more story)

Large Cap More

Co. Seeks $17M Refund Of Celsius' Payments For Mining Site

The successor to Celsius' bitcoin mining operation alleged in Delaware bankruptcy court it is owed over $17 million in refunds for payments that the cryptocurrency platform company made to another firm that pr... (more story)

Burr & Forman Accused Of Aiding Health Insurance Fraud

Burr & Forman LLP has been hit with a malpractice suit in Georgia federal court by the liquidating trustees of two purported health insurance companies after the firm allegedly aided in a scheme to defraud cus... (more story)

Yellow Corp. Says It Has No Pension Withdrawal Liabilities

Bankrupt trucking firm Yellow Corp. hit back at a motion for summary judgment sought by multiple pension funds including Central States Pension Fund, telling a Delaware bankruptcy court that it has no withdraw... (more story)

Brazilian Cement Giant Gets Shield From Creditors In Ch. 15

A New York bankruptcy judge on Wednesday granted Brazilian cement manufacturer InterCement Brasil's request to temporarily stop creditors from taking action against the company over $750 million in notes that have come due.

High Court Rulings Don't Nix Judge Romance Suit, Court Told

An investor suing Jackson Walker LLP over an ex-employee's secret romantic relationship with a former Texas bankruptcy judge told the court Tuesday that, despite what the firm says, recent U.S. Supreme Court d... (more story)

Fisker Lender Moves To Convert Ch. 11 After Fleet Sale

One of Fisker's noteholders is urging a Delaware bankruptcy judge to swap the electric-vehicle maker's Chapter 11 case with a Chapter 7 liquidation, arguing that the debtor no longer has any operations and the... (more story)

Hogan Lovells, Saul Ewing Exit Camshaft's, Byju's Ch. 11 Fight

Two law firms representing Camshaft Capital Fund LP and principal William Morton in the bankruptcy actions tied to the Chapter 11 of education tech company Byju's Alpha have petitioned a Delaware judge to appr... (more story)

Insurers Urge Judge To Deny SVB's Ch. 11 Plan

The Chubb Companies have asked a New York bankruptcy judge to tell SVB Financial Group it must change its Chapter 11 plan or have it rejected, saying the scheme doesn't clearly provide that SVB must meet certa... (more story)

Chief Deputy SDNY Bankruptcy Clerk To Be Bankruptcy Judge

The chief deputy clerk for the U.S. Bankruptcy Court for the Southern District of New York — a former Schulte Roth & Zabel LLP attorney who served as the lead law clerk on the liquidation of Bernie Madoff's in... (more story)

Bruised SPAC Market Pins Revival Hopes On Veteran Backers

More special-purpose acquisition companies are conducting initial public offerings, mostly backed by dealmakers who have completed prior mergers, bringing life to a listings market that was largely barren over the past year.

Mid Cap More

Fight Over Liberace's Rhinestone Piano Reaches Boston Jury

A lawyer for Gibson Guitars' charitable arm told a Boston federal jury Wednesday that a music store has refused to return a rhinestone-encrusted grand piano once used by Liberace, wrongly claiming it was given as a gift.

Pioneer Health Creditors Want Trustee To Run Co.

Creditors of orthopedic clinic operator Pioneer Health Systems asked a Delaware bankruptcy judge to turn control of the business over to the Subchapter V Trustee in the Chapter 11 case, saying Pioneer is vying... (more story)

Giuliani's Ch. 11 Dismissal Held Up By Financial Opacity

The dismissal of Rudy Giuliani's Chapter 11 case was held up Wednesday when the debtor and creditors couldn't agree on the terms of a dismissal order due to lingering questions about Giuliani's available cash ... (more story)

Rising Star: Gibson Dunn's AnnElyse Scarlett Gains

AnnElyse Scarlett Gains of Gibson Dunn & Crutcher LLP has represented ad hoc lender groups for debtors facing off against such companies as Amazon seller Thrasio, podcast company Audacy Inc., chemical manufact... (more story)

Coach USA's DIP, Sale Plans Draw Judge's Criticism

Proposals from bus line operator Coach USA for a $200 million debtor-in-possession financing package and for procedures governing a sale of the bulk of its operating assets drew warnings Tuesday from a Delawar... (more story)

'Excuse Me?': Judge Vexed By Defamation Claim In Ch. 7 Row

A Connecticut bankruptcy judge on Tuesday appeared skeptical of defamation and tortious interference claims New York-based real estate investor EasyKnock Inc. filed against a trustee handling the Chapter 7 est... (more story)

Jackson Walker Urges Broad Questioning Of Ex-Judge Jones

Jackson Walker and the U.S. Trustee's Office on Tuesday defended the questions they plan to ask former bankruptcy judge David R. Jones during a deposition over his concealed romantic relationship with an ex-pa... (more story)

7th Circ. Says Foreign Retirement Not Shielded In Bankruptcy

A professor who filed for bankruptcy in Illinois can't protect his Canadian retirement account from creditors because the account is ineligible under a state law shielding accounts that qualify as retirement p... (more story)

Parler's Ex-Owner Can't Broaden Automatic Stay, Court Says

A Delaware bankruptcy judge denied a bid by Parler's former owner to extend its bankruptcy stay to nondebtors in a lawsuit the company is facing, saying U.S. Supreme Court precedent barring certain third-party... (more story)

Manhattan Property Co. Seeks Ch. 11 Protection

A company tied to a four-story mixed-use building in Lower Manhattan's trendy NoHo neighborhood filed for Chapter 11 bankruptcy, listing as much as $50 million in liabilities and up to $500,000 in assets.