Keeping Track Of The Catholic Diocese Bankruptcy Cases
The Archdiocese of Los Angeles agreed last week to pay $880 million to resolve more than 1,300 claims of child sexual abuse in a deal that was noteworthy both for its size and for how it was achieved: without bankruptcy.
Giuliani Tries To Nix Dominion Suit, FTX Exec Seeks Leniency
Colorado judges are skeptical of Rudy Giuliani's attempt to throw out a defamation lawsuit from a former Dominion Voting Systems executive amid ongoing bankruptcy proceedings, the former head of engineering at FTX is fighting for leniency from a Manhattan federal judge, and a former bankruptcy judge is challenging a subpoena for banking records in an investigation over a secret relationship. This is the week in bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
Johnson & Johnson, Imerys Talc, Cyprus Mines, Takeoff Technologies and SunPower Corp. all fielded objections to their Chapter 11 bankruptcies, from their creditors' committees or the Office of the U.S. Trustee or both, with the U.S. Trustee largely raising concerns about overbroad releases.
Keeping Track Of The Catholic Diocese Bankruptcy Cases
The Archdiocese of Los Angeles agreed last week to pay $880 million to resolve more than 1,300 claims of child sexual abuse in a deal that was noteworthy both for its size and for how it was achieved: without bankruptcy.
Giuliani Tries To Nix Dominion Suit, FTX Exec Seeks Leniency
Colorado judges are skeptical of Rudy Giuliani's attempt to throw out a defamation lawsuit from a former Dominion Voting Systems executive amid ongoing bankruptcy proceedings, the former head of engineering at FTX is fighting for leniency from a Manhattan federal judge, and a former bankruptcy judge is challenging a subpoena for banking records in an investigation over a secret relationship. This is the week in bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
Johnson & Johnson, Imerys Talc, Cyprus Mines, Takeoff Technologies and SunPower Corp. all fielded objections to their Chapter 11 bankruptcies, from their creditors' committees or the Office of the U.S. Trustee or both, with the U.S. Trustee largely raising concerns about overbroad releases.
Expert Analysis
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Large Cap More
The U.S. Trustee's Office and several insurers objected to the opt-out mechanism for third party releases in the latest Chapter 11 plan from the Roman Catholic Diocese of Syracuse, New York, arguing that such ... (more story)
The U.S. Trustee's Office on Monday sought a third strike against Johnson & Johnson's attempts to deal with its talc injury liability by sending a spin-off into Chapter 11, saying its current Texas filing shou... (more story)
Discount retailer Big Lots Inc. got a Delaware bankruptcy judge's approval Monday to access the final $10 million in new money being funded under its debtor-in-possession loan package after it struck a last-mi... (more story)
A New York state judge has handed the developer of the Bahamian resort Baha Mar a $1.6 billion verdict against a Chinese state-owned construction firm that was accused of concealing its massive delays in build... (more story)
A group of more than 60,000 victims is backing creditors of Purdue Pharma LP in their efforts to potentially sue members of the Sackler family who own the bankrupt opioid maker, and has also warned against pro... (more story)
Clifford Chance LLP is continuing its growth in New York, announcing on Monday the hiring of two former O'Melveny & Myers LLP attorneys to its private equity practice, as well as the firm's restructuring and insolvency group.
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A Delaware vice chancellor has given the nod for a hold-the-status quo order sought by a collateral agent accusing Del Monte Foods Inc. officials of carrying out a corporate restructuring and "lien-stripping" ... (more story)
Bally Sports Networks will be rebranded as FanDuel Sports Networks after a Texas bankruptcy judge approved an agreement between Diamond Sports Group and the betting platform.
A Delaware bankruptcy judge Friday approved residential solar technology company SunPower Corp.'s plans to distribute the proceeds of its asset sales to the creditors in its Chapter 11 case after hearing all o... (more story)
Mid Cap More
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject Jordan Health Products' request to pay its stalking horse bidder up to $750,000 in expense reimbursement, saying the bidder bought Jord... (more story)
A Delaware bankruptcy judge agreed Monday to confirm the Chapter 11 restructuring plan of toymaker Basic Fun, saying the company's creditors had been adequately informed and he appreciated the work done to rea... (more story)
Pipe distributor Tubular Synergy Group has told a Texas bankruptcy judge it secured a more than $14.9 million bid from pipe manufacturer Centric Pipe LLC for various assets in its Chapter 11 case.
Two litigation funders are urging a Texas federal court to adopt a magistrate judge's recommendation to toss claims against them in a proposed class action alleging a law firm deceptively advertised to hurricane victims.
The U.S. Supreme Court said Monday it wouldn't review an Eleventh Circuit decision allowing the Internal Revenue Service to back out of a deal to settle an Alabama real estate developer's tax debt for $2 million.
A Delaware vice chancellor on Friday refused to dismiss a suit challenging the take-public merger of now-defunct Better Therapeutics, saying the investors have sufficiently pleaded direct breach of fiduciary d... (more story)
A historic mixed-use building in New York City's Chelsea neighborhood that was ravaged by the bankruptcies of two major tenants has been acquired and recapitalized by a partnership of RXR Realty and Hudson Bay... (more story)
A California state judge on Thursday trimmed a family's $1.8 million malpractice lawsuit against an attorney that represented it in recovering millions lost in Girardi Keese's embezzlement scandal, calling a b... (more story)
Colorado appellate judges appeared skeptical Thursday of Rudy Giuliani's bid to escape a defamation lawsuit by a former executive for Dominion Voting Systems, noting that they already found Giuliani's statemen... (more story)
A Colorado-based truck rental business filed for Chapter 11 protection late Wednesday in Delaware, hoping to sell its assets as a going concern following a liquidity crunch.