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June 12, 2026
A Texas bankruptcy judge has held a man and his company in contempt of court for improperly acting like an attorney on behalf of creditor and subprime auto lender Tricolor Holdings, saying the man would oscillate between holding himself out as merely a consultant and then acting as a "pseudo-attorney," while bilking clients in the case to the tune of $73,500.
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June 12, 2026
The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential information to profit from Terraform's collapse, arguing that it is liable as an insider and a tippee.
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June 12, 2026
A Delaware bankruptcy judge ruled Thursday that claims in a lawsuit brought by vendors of liquidated craft retailer Joann Inc. are not property of Joann's estate and can continue, as the claims are direct claims against Joann's former officers and directors best adjudicated by the Delaware bankruptcy court.
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June 12, 2026
In multiple filings, EJS Investment Holdings LLC has asked a Texas federal judge to reject attempts by former U.S. Bankruptcy Judge David Jones and other parties to dismiss its proposed class action over his secret romance with a former Jackson Walker LLP partner.
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June 12, 2026
Yellow Corp. will undergo a status conference regarding pension plan settlements, Warrior Technologies will vie for final approval of its bankruptcy financing, and plastic company Trinseo PLC will also seek debtor-in-possession financing approval.
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June 12, 2026
Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.
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June 11, 2026
A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked for the imposition of an injunction that would keep the proceeds of inventory sales from being distributed.
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June 11, 2026
A U.S. Supreme Court ruling Thursday that rejected the Fifth Circuit's "overly rigid" judicial estoppel rule gives lower courts more latitude to decide whether a debtor's failure to disclose a claim in bankruptcy was a mistake, but it leaves open numerous questions about the duties of consumer debtors, experts told Law360.
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June 11, 2026
Venezuela has tapped heavyweight lawyers from Greenberg Traurig LLP as its new counsel in a Third Circuit appeal challenging a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt.
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June 11, 2026
One bankrupt life sciences firm sought sanctions against an investor and the U.S. trustee sought to liquidate another one, while a medical transport company fought an attorney fee bid and creditors blasted the liquidation plan proposed for a Nevada mining company.
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June 11, 2026
A group of lenders for bankrupt plastics company Trinseo PLC asked a Texas bankruptcy judge to dispose of a lawsuit stemming from the Chapter 11 case in which other lenders are seeking to dismantle two prebankruptcy refinancings the debtor undertook, saying the plaintiffs are barred from bringing the suit.
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June 11, 2026
The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.
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June 11, 2026
A bank, a union and a subsidiary of a German chemical company were named to the official committee of unsecured creditors in the Chapter 11 bankruptcy of plastics company Trinseo PLC.
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June 11, 2026
The U.S. Supreme Court on Thursday vacated and remanded a Fifth Circuit ruling that let judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after he failed to disclose the claim to a bankruptcy court, deciding that the circuit court did not consider the totality of the facts and circumstances of the case.
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June 10, 2026
QVC Group and its creditors on Wednesday traded shots with preferred shareholders before a Texas bankruptcy judge in closing arguments on confirmation of the shopping channel's Chapter 11 plan, sparring over whether a deal on intercompany claims was reached fairly.
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June 10, 2026
U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.
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June 10, 2026
A New York bankruptcy judge on Wednesday said he was likely to approve Spirit Airlines' request to pay three executives up to roughly $1.9 million in potential bonuses as Spirit works to sell its remaining assets and shutter the business.
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June 10, 2026
Minority lenders to bankrupt canned food giant Del Monte are seeking to appeal the May confirmation of Del Monte's Chapter 11 plan to the U.S. Court of Appeals for the Third Circuit over issues including "impermissible gerrymandering" of creditor classes.
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June 10, 2026
The Trump administration is urging a D.C. federal judge to toss a lawsuit seeking to revive the Biden-era SAVE student loan repayment rule, arguing that the case is moot because there is no rule left to enforce after the Eighth Circuit ordered the plan vacated in March.
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June 10, 2026
Health insurance broker GoHealth has tapped lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP to guide it through a Chapter 11 case aimed at giving the debtor to its lenders while refinancing $762 million in debt.
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June 09, 2026
Defunct Canadian miner Crystallex on Friday urged the Third Circuit to order Venezuela's counsel to prove its authority as the country challenges an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of its debt, pointing to the new administration of Delcy Rodriguez.
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June 09, 2026
Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.
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June 09, 2026
The Third Circuit on Tuesday revived part of a pro se debtor's long-running bankruptcy fight against Philadelphia holding the city must face civil contempt sanctions for collecting on a lien after his debt was discharged, saying it "violated" one of the "historic cornerstones" of bankruptcy, which is a discharge's finality.
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June 09, 2026
Federal Deposit Insurance Corp. Chairman Travis Hill said Tuesday that his agency will seek to dial back its living-will requirements for large banks and recalibrate how it charges for deposit insurance, part of a broader push to rethink the agency's approach to handling bank failures.
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June 09, 2026
A Delaware bankruptcy judge on Tuesday set health insurance broker GoHealth on course for a mid-July hearing for its plans to refinance $762 million in debt and hand the company over to its lenders.