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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.
Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.
A team of attorneys from Pachulski Stang Ziehl & Jones LLP will be steering the Polish subsidiaries of alternative energy investment company GoldenPeaks Capital through Chapter 11 as they seek a sale or restructuring.
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 ass... (more story)
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 "impe... (more story)
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 enforc... (more story)
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 s... (more story)
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... (more story)
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 ... (more story)
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.
A New York bankruptcy judge said he would grant recognition of the British Virgin Islands insolvency proceeding of Prince Global Holdings, which is part of a Cambodian conglomerate accused of running a massive... (more story)
McKesson locked horns Tuesday in New Jersey bankruptcy court with a trust created by Rite Aid's first Chapter 11 plan over whether the medication supplier must hand over antitrust claims against pharmaceutical companies.
A New York bankruptcy judge has ruled Brazilian airline Azul SA's Chapter 11 plan wiped clean debts two banks are seeking to collect in the Brazilian courts, overruling arguments he had no jurisdiction over the dispute.
The 2-year-old bankruptcy case of the historic former New York County Lawyers Association Building in lower Manhattan can move toward a July 7 final confirmation hearing, a federal bankruptcy judge has ruled.
A Texas bankruptcy judge on Wednesday recognized marine oil rig service group DEMAR Instaladora's Mexican bankruptcy case, extending Chapter 15 protections to freeze two pending U.S. lawsuits.
Bankrupt home textile and decor company Simply Interior Homes received approval Tuesday from a Delaware judge to tap into a $15 million Chapter 11 loan and help finance its dual-track bankruptcy case.
A Washington federal judge on Tuesday preserved a bankruptcy trust's lawsuit against Columbia Bank, finding that the trust adequately alleged the bank helped a real estate business' former operators run a $230... (more story)
Two bankrupt fracking sand miners on Tuesday asked a Texas bankruptcy judge for one more week to reach a deal for a cash offer outbidding the current $21 million stalking horse credit bid for their businesses.
Eye disease treatment developer Clearside Biomedical received a Delaware bankruptcy judge's approval on Tuesday to sell certain assets for $4 million to its stalking horse.
The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.
A Florida businessman who claims that he owns the Miss America pageant and his attorney were ordered Monday to pay $2.2 million in sanctions for submitting fraudulent documents in a $500 million dispute over o... (more story)
The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe told a Missouri bankruptcy judge Monday that a state court lawsuit brought by the California attorney general over... (more story)
A real estate investment firm has claimed in Colorado state court that a Denver developer lied numerous times to refinance on three occasions a promissory note governing the development of a residential lot on... (more story)
Tamara Barago
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artific... (more story)
Stanley Orszula, Michael Tomczyk and Camryn Dreyer
Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory expo... (more story)
Michael Bresnick and Brian Mich
Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recog... (more story)