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Mounting debt incurred from a small New Jersey publisher's expansion into a restaurant operation that was adversely affected by the COVID-19 pandemic, subsequent inflation, and rising operating costs led Exit Zero Publishing to file for Chapter 11 Subchapter V protection with approximately $1.8 million in liabilities.
The unsecured creditors committee for mattress company Sleep Number has tapped a team of lawyers from Pachulski Stang Ziehl & Jones LLP, as the debtor works its way through a Chapter 11 case it began in June.
A group of bankruptcy experts has proposed removing the U.S. property requirement for foreign debtors seeking recognition of their foreign insolvency proceedings, a requirement the experts said was never intended for Chapter 15 cases.
A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became de... (more story)
Plaintiffs alleging Johnson & Johnson's talcum powder products caused ovarian cancer must show they can offer expert opinions on the link between the disease and talc use or risk having their lawsuits tossed, ... (more story)
As bankrupt SIMAD Holdings pushes forward with quick sales of the summer camps it owns, distraught parents whose children attend one camp in New York have expressed deep concerns about the process and the outs... (more story)
Dish Network is asking a Texas bankruptcy judge to freeze claims against its parent company stemming from Dish's abandoned attempt to launch a nationwide 5G network, saying they would drain resources needed fo... (more story)
A Texas bankruptcy judge on Wednesday declined to pause home shopping company QVC Group's Chapter 11 plan, saying shareholders opposed to the plan have not made their case for a stay pending their appeal of its confirmation.
A New York bankruptcy judge Wednesday approved the sale of 22 gate slots at LaGuardia Airport to JetBlue for $58.5 million following a 14-hour auction as defunct Spirit Airlines liquidates in Chapter 11.
A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance se... (more story)
Solar panel installer Freedom Forever can move forward with an expedited Chapter 11 sale after an insider dropped a stalking horse bid and its creditors committee was given sole authority to determine whether ... (more story)
Investment platform Linqto and its unsecured creditors committee sued the debtor's liquidating trustee, saying a Texas bankruptcy judge must make the trustee perform duties despite its refusal.
A Genesis Healthcare shareholder accused of manipulating the company into a deal that cost it $50 million has asked a Texas bankruptcy judge to disqualify Sidley Austin LLP from representing Genesis in an adve... (more story)
Biotechnology company Sangamo Therapeutics received interim approval Thursday to tap into a new, $35 million Chapter 11 financing package with a lower interest rate.
Bitcoin miner Poolin Technology filed for Chapter 11 protection in New Jersey bankruptcy court with more than $173 million in liabilities and plans for an asset sale, pointing to price volatility and a Chinese... (more story)
A collapsed investment company has sued The Royal Bank of Scotland for more than £74 million ($99 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.
The entity behind a century-old castle on the Gold Coast of New York's Long Island has defended its Chapter 11 case against a dismissal motion from the U.S. Trustee's Office, arguing the estate was not losing ... (more story)
Sangamo Therapeutics on Wednesday told a Delaware bankruptcy judge it has negotiated new Chapter 11 financing that will provide the biotechnology company with more money at a lower interest rate and asked perm... (more story)
A Delaware bankruptcy judge has allowed some shareholders of bankrupt AI staffing firm Joonko Diversity Inc. to subpoena the insolvency plan administrator for access to the unsealed version of a report investi... (more story)
A company connected to the former Hudson Hotel in downtown Manhattan has asked the Delaware bankruptcy court to again extend the period in which only it can file a Chapter 11 reorganization plan, this time for... (more story)
The liquidating trustee for Heritage Coal and the company that acquired it has sued the mining firm's former owner in Delaware bankruptcy court, accusing them of costing the new owner millions of dollars by co... (more story)
CashCall Inc., a subprime lender that once made loans with interest rates exceeding 130%, has filed for Chapter 11 protection in a California bankruptcy court facing legal judgments that total more than $400 million.
The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit p... (more story)
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)
Jessica Caterina
Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)
Jamie Aycock
A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)