January 29, 2026
Minority lenders opposing a proposed settlement among bankrupt food producer Del Monte, its majority secured lenders and unsecured creditors questioned the value of the deal Thursday in New Jersey bankruptcy court, saying certain causes of action being given up could be worth more than $200 million.
January 28, 2026
Canned food producer Del Monte told a New Jersey bankruptcy judge Wednesday a settlement it reached with groups of secured and unsecured creditors is the best way forward for the business to close on a sale of its assets and get a Chapter 11 plan confirmed.
January 26, 2026
A minority group of secured lenders of bankrupt fruit company Del Monte Foods Corp. said in a Friday adversary complaint that other lenders benefited from the company's Chapter 11 financing package without sharing those benefits as required by prepetition loan documents.
January 16, 2026
Del Monte has struck a deal to sell its assets in a trio of bankruptcy sales collectively valued at $498 million, the canned food processing company has announced in a notice of successful bidder filing.
December 19, 2025
The mediator overseeing talks between Del Monte and the creditors in its Chapter 11 case reported on Friday that the canned food giant's prospective buyers had agreed to pay unsecured creditors $8 million while its parent company subordinates $164 million in claims.
October 30, 2025
A trustee overseeing equity assets from Rite Aid's last Chapter 11 urged a New Jersey bankruptcy judge to let him wind the trust down. Diamondhead Casino's president and Chapter 7 trustee fought over a meeting notice. And cheese maker Rizo-Lopez Foods asked to transition its Chapter 11 proceedings into a Chapter 7 case.
August 18, 2025
A New Jersey bankruptcy judge handed down final approval of Del Monte's debtor-in-possession financing, Yellow Corp. asked a Delaware bankruptcy judge to approve $16 million in real estate sales, and the U.S. trustee objected to confirmation of Chapter 11 plans for Hooters and a Catholic diocese. This is the week in bankruptcy.
August 18, 2025
A New Jersey bankruptcy judge on Monday rejected a motion by tomato processors seeking immediate assumption or rejection of their contracts with Del Monte, saying a decision this early in the Chapter 11 case would hurt the packaged food giant's attempt to sell its assets.
August 14, 2025
Packaged foods giant Del Monte asked a New Jersey bankruptcy judge to reject a motion by tomato processors seeking an immediate decision on the fate of their contracts, saying making the call this early in the Chapter 11 case would disrupt its attempts to find a buyer.
August 12, 2025
A New Jersey bankruptcy judge said Tuesday he will give final approval to $912.5 million in Chapter 11 financing for canned foods giant Del Monte as it seeks to find a buyer.