A group of attorneys from Akin Gump Strauss Hauer & Feld LLP is representing the official committee of unsecured creditors of video distribution entities owned by EchoStar Corp., including Dish Wireless LLC, as the company seeks to approve its prepackaged reorganization plan.
Hedge fund Mars FX has filed a Chapter 11 liquidation plan in New York bankruptcy court that would transfer its assets and legal claims tied to a roughly $567 million trading platform balance it alleged was missing to a litigation trust, which would pursue recoveries and distribute the proceeds to creditors and investors.
Investment platform Linqto will seek to compel its liquidation trustee to perform the role's duties, bankrupt cryptocurrency kiosk operator Bitcoin Depot will undergo a plan confirmation hearing, and Sidley Austin will defend its eligibility to represent Genesis Healthcare.
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A group of attorneys from Akin Gump Strauss Hauer & Feld LLP is representing the official committee of unsecured creditors of video distribution entities owned by EchoStar Corp., including Dish Wireless LLC, as the company seeks to approve its prepackaged reorganization plan.
Hedge fund Mars FX has filed a Chapter 11 liquidation plan in New York bankruptcy court that would transfer its assets and legal claims tied to a roughly $567 million trading platform balance it alleged was missing to a litigation trust, which would pursue recoveries and distribute the proceeds to creditors and investors.
Investment platform Linqto will seek to compel its liquidation trustee to perform the role's duties, bankrupt cryptocurrency kiosk operator Bitcoin Depot will undergo a plan confirmation hearing, and Sidley Austin will defend its eligibility to represent Genesis Healthcare.
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August 11, 2026
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.
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August 11, 2026
The Second Circuit may have upheld a preliminary injunction blocking Nielsen from making Cumulus Media buy its local offerings to gain access to its national radio ratings data, but a New York federal judge says that injunction can't be enforced until the circuit court decides whether it will rehear the case en banc.
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August 11, 2026
The Delaware Chancery Court on Tuesday largely refused to dismiss the remaining claims in a lawsuit accusing Strategic Value Partners LLC and GenOn Holdings Inc. of engineering the transfer of a Pennsylvania power plant opportunity away from insolvent Heritage Power companies and their creditors.
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August 11, 2026
The Archdiocese of New York is taking a second bite at the apple in state appeals court with a request for punitive damages against Chubb, alleging the insurer ran a "shadow campaign" against the archdiocese even as it was defending the church against a slew of sex abuse lawsuits.
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August 11, 2026
Food chain Salad and Go plans to shut down in bankruptcy after a parasite outbreak linked to raw lettuce caused a dip in sales for the already financially strained business. An investment firm is looking to complete its wind-down in Chapter 11 and fend off an involuntary Chapter 7 petition. And an Ohio university filed for Chapter 11 to close down after years of operating losses.
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August 11, 2026
A Delaware bankruptcy judge Tuesday signed off on boating supply business West Marine Inc.'s Chapter 11 plan, allowing the debtor to hand control of the company to lenders and end its Chapter 11 case.
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August 11, 2026
Clifford Carlson of Weil Gotshal & Manges LLP has been on the front lines of some of the most complex Chapter 11 cases filed in Houston's bankruptcy court in recent years as debtor's counsel to multistate hospital group Steward Health and car parts giant First Brand, earning him a spot among bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.
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August 10, 2026
A Baltimore woman is accusing a California-based attorney and her firm of illegally withholding thousands of dollars from opioid victims' Purdue Pharma settlement payments in a new class action filed Sunday in Maryland federal court.
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August 10, 2026
A New Jersey bankruptcy judge Monday approved sales of more than two dozen U.S. summer camps, capping an intense, complicated and emotionally charged process that lawyers said saved the camps from closing this year while generating nearly $448.8 million to repay creditors.
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August 10, 2026
A Texas federal judge on Monday dismissed an appeal that attacked the terms of Genesis Healthcare's post-petition financing, saying part of the Bankruptcy Code precluded her court from touching the arrangement whereby lenders traded funding for claim releases.
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August 10, 2026
The Delaware Chancery Court on Monday refused to block two former behavioral health facility owners from pursuing a California securities fraud suit against private equity firm H.I.G. Capital LLC and its affiliates, finding the companies had not shown the dispute must be litigated in Delaware.
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August 10, 2026
Megan Wasson of Herbert Smith Freehills Kramer LLP helped Del Monte secure more than $500 million in asset sales in its contentious Chapter 11 and advised the state of Connecticut in the Prospect Medical case, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.
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August 10, 2026
A New York bankruptcy judge has allowed Sleep Number Corp. to transfer more than $17.5 million from a trust set up for executives to its Chapter 11 estate, overruling an objection by the company's former chief technology officer.
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August 10, 2026
The Senate moved to reinstall a higher debt limit for Subchapter V, food distributor Harvest Sherwood confirmed its Chapter 11 plan and TPx Communications acquired access to nearly $74 million in postpetition financing.
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August 10, 2026
Investment firms 777 Partners and 600 Partners, as well as entities tied to them, filed for bankruptcy protection in Texas with over $2 billion of debt, saying a creditor's involuntary Chapter 7 petition expedited its Chapter 11 plans amid a yearslong wind-down process.
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August 07, 2026
Plans to sell more than two dozen summer camps have been met with a flurry of comments from families concerned that outside investors will alter operations or close some camps altogether, with a group of parents saying they hoped to offer $10 million to buy one of the properties in Pennsylvania, Camp Lavi.
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August 07, 2026
Salad and Go expects to pay its creditors in full with proceeds from a proposed $105 million private sale of most of its drive-thru location leases to coffee chain Dutch Bros., attorneys for the fast-casual restaurant told a Texas bankruptcy judge on Friday.
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August 07, 2026
Grid operator PJM Interconnection LLC has challenged North Carolina-based energy efficiency aggregator American Efficient's request for $11.5 million of debtor-in-possession financing, alleging the debtor is not operating and that current regulations make its business impossible to operate.
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August 07, 2026
Auto parts maker First Brands Group told a Texas bankruptcy judge Friday its Chapter 11 plan is reasonable and offers creditors the best chance of recovering on billions of dollars worth of claims, defending the deal against a spate of objections during closing arguments in a trial on plan confirmation.
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August 07, 2026
Pinnacle Bank has asked a Texas bankruptcy judge to allow claims for at least $1.6 million in post-petition interest and fees in Inspired Healthcare Capital Holdings LLC's bankruptcy, saying its loans are oversecured based on stalking horse offers for the senior living facility investor's properties.
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August 06, 2026
A Maryland federal court tossed a proposed class action accusing nuclear energy producers including Constellation Energy, DTE Energy and Duke Energy of fixing wages, after finding the claims came too late.
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August 06, 2026
A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2023 failure, saying they sufficiently alleged KPMG ignored red flags as SVB's auditor.
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August 06, 2026
The official committee of unsecured creditors for the Roman Catholic Diocese of Burlington, Vermont, has brought a lawsuit against the diocese and the parishes and schools that fall under its authority, arguing the institutions' trusts can, and should, be used to compensate survivors of sexual abuse and alleging the trusts hold around $405 million of estate assets.
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August 06, 2026
A Delaware bankruptcy judge said he would approve the Chapter 7 conversion of the bankruptcy of solar power company Freedom Forever after the debtor adds language on its turnover and reporting requirements, as requested by the U.S. Trustee's Office.
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August 06, 2026
Unsecured creditors in Dish Network's Chapter 11 case have challenged the company's restructuring plans for six Dish Wireless debtors, while the Madoff estate reached a $25 million settlement with Banco Itaú and Steward Health's litigation trust settled with former owner Cerberus Capital Management.