Large Cap

  • June 24, 2024

    Rite Aid Ch. 11 Plan Hearing Set Over Insurer Opposition

    A New Jersey bankruptcy judge kept the Chapter 11 plan confirmation hearing of drugstore chain Rite Aid Corp. on track Monday, denying a request from the debtor's insurers to delay the proceedings to allow for additional discovery about the plan's impact on their contractual rights.

  • June 24, 2024

    Justices Send 3 US Trustee Fee Cases Back To Lower Courts

    The U.S. Supreme Court on Monday vacated three appellate court decisions ordering refunds to debtors who had overpaid U.S. Trustee's Office fees under a previous fee structure and remanded the cases for further adjudication after resolving the issue earlier this month.

  • June 21, 2024

    After Surfside Collapse, Safety Reform And A 'Condo Crisis'

    In the three years since 98 lives were lost in the partial collapse of the Champlain Towers South condominium in Surfside, Florida, several states have worked on legislation to address building safety. But their efforts to back the pledge of "never again" are stirring up concerns that they are fostering a whole new quandary for millions of condo owners.

  • June 21, 2024

    Crypto Vet With FTX Ties Launches Fintech Policy Think Tank

    Former congressional hopeful and cryptocurrency veteran Michelle Bond announced her formation of fintech policy think tank Digital Future, making a return to financial services policy after the recent sentencing of her partner, former FTX executive Ryan Salame, and FTX-linked donations to her 2022 campaign.

  • June 21, 2024

    Robertshaw Cleared For Ch. 11 Sale As Invesco Claims Loom

    Appliance parts producer Robertshaw received a Texas bankruptcy court's approval Friday to sell the business to a group of its lenders and send the company's Chapter 11 liquidation plan out for a creditor vote, but counsel for the debtor noted that the final confirmation may hinge on a judge's ruling on claims in a breach of contract lawsuit.

  • June 21, 2024

    Tragedy And Torment Preceded Alex Jones Ch. 7 Liquidation

    More than 11 years after the tragic death of 26 people in the Sandy Hook school shooting, families of the slain victims are clear to pursue payment of damages from right-wing conspiracy theorist Alex Jones and his media company following a bankruptcy court order directing the liquidation of his personal assets.

  • June 21, 2024

    EV Maker Fisker Heads To Fleet Sale With 1 Week Of Cash

    A Delaware bankruptcy judge on Friday gave electric-car producer Fisker permission to use its cash for the next week as it tries to sell off the vehicles it still has, but shot down a lender's demand for a claim on possible future clawback proceeds as security.

  • June 21, 2024

    Alex Jones Can't Appeal Bankruptcy Order On Debt To Victims

    A Texas federal judge has rejected Alex Jones' bid to appeal a bankruptcy court order that said he couldn't use his Chapter 11 case to avoid paying damages to the families of Sandy Hook victims, ruling that the legal substance of the right-wing radio host's proposed challenge had already been considered by the Fifth Circuit.

  • June 21, 2024

    Bally Sports Parent Told To Hand Over Certain Info To MLB

    At a hearing on Friday, a Texas bankruptcy judge asked the parent company of Bally Sports-branded regional sports networks to hand over aggregated and anonymized information to Major League Baseball about earnings and deals with different distributors.

  • June 21, 2024

    Girardi Wants To Block Evidence Of Ex-Clients' Injuries At Trial

    At the upcoming fraud trial of disgraced attorney Tom Girardi, his defense attorneys want to exclude any mention of the horrific injuries suffered by the clients he allegedly stole from, while prosecutors want to introduce evidence that he allegedly spent $25 million to fund the lavish lifestyle of his celebrity ex-wife. 

  • June 21, 2024

    Paul Hastings Bankruptcy Ace Joins Greenberg Traurig

    Greenberg Traurig LLP added a Houston-based veteran bankruptcy attorney from Paul Hastings as a new shareholder.

  • June 20, 2024

    FDIC Expands Requirements For Big-Bank Resolution Plans

    The Federal Deposit Insurance Corp. on Thursday adopted expanded resolution-planning requirements for large banks and approved a measure intended to cut down on delays in the agency's handling of bank merger applications.

  • June 20, 2024

    Robertshaw Broke Invesco Loan, But Deal Lives, Judge Says

    A Texas bankruptcy judge ruled Thursday that transactions executed in December by Robertshaw breached its existing loan from an Invesco subsidiary, but otherwise sided with the appliance parts maker on the remainder of its hard-fought litigation that spotlights so-called lender-on-lender violence in private credit agreements.

  • June 20, 2024

    Chancery Preserves Most Of Hertz Shareholder Buyback Suit

    Several Hertz directors who authorized $4 billion in stock buybacks in 2022 that vaulted a private equity-based shareholder into a controlling position will have to face claims in Delaware's Court of Chancery that they breached their fiduciary duties to the company.

  • June 20, 2024

    Puerto Rico May See Higher Utility Rates After 1st Circ. Ruling

    Puerto Ricans may be looking at higher power costs as the island's electric utility is forced to adjust its restructuring plans in the wake of a First Circuit finding that bondholders have a claim on the utility's revenues.

  • June 20, 2024

    Insurers Say Rite Aid Ch. 11 Plan Impairs Contractual Rights

    A group of insurers that issued policies to Rite Aid Corp. opposed the company's Chapter 11 plan in New Jersey bankruptcy court, saying in an objection that the plan would undercut the insurer's contractual rights and seeks to box in the insurers on the liability related to opioid claims.

  • June 20, 2024

    Boies Schiller Tapped To Represent Ex-Judge In Romance Suit

    A former Texas bankruptcy judge has brought on Boies Schiller Flexner LLP attorneys to defend him against a racketeering lawsuit from a barge business over his undisclosed romantic relationship with a then-Jackson Walker LLP attorney involved in the company's bankruptcy case.

  • June 18, 2024

    J&J Fights Law Firm's Bid To Nix Subpoenas In Talc Brawl

    Information about the Beasley Allen Law Firm's litigation funding and settlement communications is relevant and necessary to resolving long-running multidistrict litigation over Johnson & Johnson's talcum powder products and so should be turned over, the pharmaceutical giant has told a New Jersey federal court.

  • June 18, 2024

    Rite Aid, SVB Affiliates Among Top 2024 Ch. 11 Sales So Far

    Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.

  • June 18, 2024

    San Diego Diocese ReEnters Ch. 11 Over Sex Abuse Claims

    The Roman Catholic Diocese of San Diego has reentered Chapter 11 in a California bankruptcy court, saying it is facing more than $100 million in liabilities from more than 450 new sexual abuse claims filed in recent years.

  • June 18, 2024

    Electric Vehicle Startup Fisker Hits Ch. 11 With Sale Plans

    Electric vehicle company Fisker Group Inc. has petitioned for Chapter 11 protection in Delaware bankruptcy court with more than $100 million of debt, months after the collapse of a potential partnership with a major automaker imperiled the startup's attempts to raise new financing.

  • June 17, 2024

    Creditors Say Giuliani Is 'Shrewd' And Needs Ch. 11 Trustee

    Rudy Giuliani's creditors made their argument to a New York judge on Monday about why they felt he should be stripped of control of his bankruptcy case, disparaging his motives, missing financial information and ability to stick to a budget.

  • June 17, 2024

    Justices Side With US Trustee, Alex Jones Switches To Ch. 7

    The U.S. Supreme Court ruled there would be no retroactive redress for a disparity between U.S. trustee fees in different jurisdictions, seafood restaurant chain Red Lobster struck a deal with creditors to hammer out a reorganization plan, and a Texas judge pulled the trigger on converting Alex Jones' Chapter 11 case to a Chapter 7.

  • June 17, 2024

    Ginnie Mae, HUD Want Bank's Loan Lien Suit Sent To Dallas

    The U.S. Department of Housing and Urban Development and Ginnie Mae pushed for the transfer of Texas Capital Bank's suit in Texas federal court over a vacated loan lien, arguing that the bank is contractually required to file its suit in a different division within the same district.

  • June 17, 2024

    Deutsche Bank Sues Over Stalled Lehman Claim Deal

    Deutsche Bank said a Boston portfolio management firm is demanding unreasonable terms to close the acquisition of $906 million worth of claims in Lehman Brothers' long-running bankruptcy, saying in a New York federal lawsuit that Finepoint Capital LP should cover costs connected to the stalled deal.

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