October 27, 2025
A Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing the glucose-monitor maker to complete a deal to cut about $1.4 billion of debt.
October 27, 2025
Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.
October 24, 2025
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
October 24, 2025
Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs including OptumRx and Caremark are using delay as "sword and shield."
October 20, 2025
A bankruptcy trust for Rite Aid went after Walmart to defray the costs of defending opioid lawsuits. A blood glucose monitor manufacturer fought for confirmation of a reorganization plan that would cut $1.7 billion in debt. The long saga of the Eletson bankruptcy continued after a district court found the prebankruptcy ownership of the company had no legal existence and therefore no right to counsel.
October 20, 2025
A Texas bankruptcy judge said Monday he was prepared to approve blood glucose monitor maker LifeScan's Chapter 11 plan once he settles a dispute over administrative expense claims from pharmacy benefit managers, granting "contingent" confirmation of the debtor's deal to swap roughly $1.4 billion of debt for equity.
October 17, 2025
Blood glucose monitor maker LifeScan has urged a Texas bankruptcy court to confirm a Chapter 11 plan that the debtor said will cut $1.7 billion of its debt and provide $75 million of exit financing, ahead of a hearing on the matter set for Monday.
October 02, 2025
A Connecticut judge threw out a challenge that an entity accused of acting as an alter ego for securities fraudster Miles Guo had brought to a bankruptcy court's orders, an angel investor with ties to FTX asked a bankruptcy judge to sanction the crypto empire's trust for opposing a donation he's seeking to make, and a software company announced a plan to cut most of its debt and net $50 million in capital.
September 02, 2025
A Texas bankruptcy judge Tuesday gave LifeScan permission to send its Chapter 11 plan out for a vote, overriding arguments that the blood glucose monitor maker provided too little information about the payment of vendor claims.
July 22, 2025
A medical testing device manufacturer hit Chapter 11 in Texas with plans for a debt-equity swap. A pet care app firm entered bankruptcy in Delaware with hopes of completing a quick, prepackaged restructuring. And a work wear company filed a Chapter 11 petition in New Jersey, blaming its lender for its financial woes.