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Sleep Number's Ex-CEO Can Enter Ch. 11 Fray As Bidder

The former CEO of bankrupt mattress company Sleep Number Corp. will be permitted to submit a bid to acquire the assets of the business after entering the process at the eleventh hour Thursday.

Levona Pans Greenberg Traurig, Reed Smith Privilege Claims

Levona Holdings has urged a New York federal judge to order Reed Smith LLP and Greenberg Traurig LLP to turn over privilege logs in discovery related to the company's motion for sanctions, saying there are "re... (more story)

Dish Ch. 11 Plan Disclosure Hearing Pushed Back 2 Weeks

A Texas bankruptcy judge said Wednesday creditors of EchoStar Corp.'s bankrupt video distribution and wireless network units should be able to conduct discovery of the debtors before they seek approval of Chap... (more story)

White & Case, ModivCare Lock Horns Over Ch. 11 Contempt

A Texas bankruptcy judge Wednesday considered whether reorganized healthcare transportation group ModivCare's failure to set up a professional fee escrow and delays in moving funds to a court-controlled accoun... (more story)

Ex-CEO, Watchdog Balk At Lugano Diamonds Plan Disclosure

The onetime CEO of Lugano Diamonds and the U.S. Trustee's Office have both taken shots at the jewelry house's Chapter 11 plan disclosure, with the former executive alleging it was "misleading" and the bankrupt... (more story)

Lenders Left Out Of Serta Uptier Deal Win $400M In Ch. 11 Suit

Creditors that were excluded from Serta Simmons' so-called uptier debt restructuring are entitled to $261 million in damages plus interest, a Texas bankruptcy court has found, ruling against lenders that parti... (more story)

Sheppard Adds Transactional, IP Attys In Chicago And San Diego

Sheppard announced Wednesday that the firm has added an experienced intellectual property attorney focused on life sciences as a San Diego area-based partner, a day after announcing the addition of two Chicago... (more story)

2nd Circ. Says Investor Can Keep Bed Bath & Beyond Profits

The Second Circuit on Tuesday found that a late investor in defunct retailer Bed Bath & Beyond can keep the profits from its sale of the company's stock, rejecting claims that a contractual cap on the investor... (more story)

TriColor Can Retain Reid Collins As Litigation Counsel In Ch. 7

A Texas bankruptcy judge on Tuesday authorized the Chapter 7 trustee for former subprime auto lender TriColor, which collapsed amid fraud allegations, to retain law firm Reid Collins & Tsai LLP as special litigation counsel.

Celsius Ex-GC's Ch. 11 Suit Against Other Execs Tossed

A New York bankruptcy judge tossed a former Celsius Network LLC executive's lawsuit that blamed alleged oversight issues at the crypto platform on three other executives, finding that his claims belonged to Ce... (more story)

Mid Cap More

Balcon Salon To Mediate With Lender In Ch. 11

New York City nightclub Balcon Salon and its lender have agreed to enter mediation, the debtor's attorney told a bankruptcy judge Thursday.

Citadel Securities Drops Portofino Suit To Chase UK Judgment

Citadel Securities has agreed to drop its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 milli... (more story)

NC Bankruptcy Admin Seeks Sanctions For Ch. 7 Abuse

A North Carolina bankruptcy administrator is seeking sanctions against a Georgia "short sale" real estate dealer, claiming he filed bankruptcy papers "riddled" with lies as part of an attempt to sell a home on... (more story)

Viridis Chemical Gets OK On Ch. 11 Plan After Sale

A Texas bankruptcy judge on Wednesday signed off on bio-based chemical technology company Viridis Chemical LLC's Chapter 11 liquidation plan, more than a month after the debtor sold most of its assets.

Bitcoin Depot Gets OK For $1.4M Ch. 11 Asset Sale

A Texas bankruptcy judge Wednesday gave bankrupt cryptocurrency kiosk operator Bitcoin Depot permission to sell more than $1.4 million in assets to the winners of an auction held last week.

23andMe's $47M Data Breach Deal Gets Bankruptcy Court OK

A Missouri bankruptcy judge entered an order Tuesday authorizing a $46.7 million settlement between the plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe and data breac... (more story)

Pryor Cashman Adds Simpson Thacher Atty To Litigation Team

Pryor Cashman LLP said Tuesday it has continued growing its litigation group with a longtime Simpson Thacher & Bartlett LLP lawyer, who has represented "some of the most prominent names in private equity and f... (more story)

Feds Aim To Block Expert In Trial Over Threats To Judges

The government is seeking to block a defense expert from testifying about prosecutorial charging policies and procedures in an upcoming trial in Pennsylvania federal court for a man accused of threatening to kill judges.

NJ Venue Owner Reaches Bank Deal, Eyes August Ch. 11 Exit

The company behind a New Jersey event venue called The Chariot has reached a settlement with its main secured creditor and is hoping to file a Chapter 11 plan soon that can be confirmed by the end of August, i... (more story)

Nevada Solar Plant Gets OK For Ch. 11 Wind-Down Plan

A Delaware bankruptcy judge Tuesday approved the wind-down plan of a Nevada solar plant operator after hearing creditors dropped their request to appoint a trustee to investigate the company's management.

Expert Analysis

5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy... (more story)

Congress Must Resolve Growing Subchapter V Uncertainty

Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points ... (more story)

Choral Singing Makes Me A Better Lawyer

Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, wh... (more story)