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Judge Nixes Puerto Rico Bond Claim, Tilson Sues Gigapower
A New York federal judge ruled that bondholders of Puerto Rico's public electric utility cannot pursue claims against the commonwealth's government. Tilson Technology sued joint venture Gigapower in Texas, claiming a breached contract on major infrastructure work led to its bankruptcy. FTX agreed to drop six Delaware lawsuits seeking to recover $28.75 million in political donations, most of which went to Republican-aligned groups.
Meet The Attys Guiding IG Design Through Ch. 11, Asset Sale
Gift wrap manufacturing giant IG Design Group Americas Inc. has called upon a team of attorneys from Latham & Watkins LLP to help the debtor find a buyer for its assets and wind down in Chapter 11.
What's Happening In Bankruptcy Court This Coming Week
During the last week of July, bankruptcy judges will guide hearings that concern issues including confirmation of medical technology company Accelerate Diagnostics' Chapter 11 plan, converting hotel operator MOM CA's bankruptcy case to Chapter 7 and battery recycler Li-Cycle's request for approval of dismissal procedures.
Judge Nixes Puerto Rico Bond Claim, Tilson Sues Gigapower
A New York federal judge ruled that bondholders of Puerto Rico's public electric utility cannot pursue claims against the commonwealth's government. Tilson Technology sued joint venture Gigapower in Texas, claiming a breached contract on major infrastructure work led to its bankruptcy. FTX agreed to drop six Delaware lawsuits seeking to recover $28.75 million in political donations, most of which went to Republican-aligned groups.
Meet The Attys Guiding IG Design Through Ch. 11, Asset Sale
Gift wrap manufacturing giant IG Design Group Americas Inc. has called upon a team of attorneys from Latham & Watkins LLP to help the debtor find a buyer for its assets and wind down in Chapter 11.
What's Happening In Bankruptcy Court This Coming Week
During the last week of July, bankruptcy judges will guide hearings that concern issues including confirmation of medical technology company Accelerate Diagnostics' Chapter 11 plan, converting hotel operator MOM CA's bankruptcy case to Chapter 7 and battery recycler Li-Cycle's request for approval of dismissal procedures.
Expert Analysis
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Large Cap More
A valve manufacturer hit bankruptcy in Delaware under pressure from mounting asbestos injury claims, a 3D printer designer entered Chapter 11 in Texas after it underwent an acquisition imposed by court order f... (more story)
A New York bankruptcy judge said Tuesday he was prepared to approve the Roman Catholic Diocese of Rochester's $246.4 million settlement of abuse claims in Chapter 11 after survivors voted unanimously to accept the deal.
The company that runs dormitory facilities at campuses in Georgia's public university system Monday told a Delaware bankruptcy judge to reject a motion to move its Chapter 11 case to Georgia, saying there's no... (more story)
The married couple who founded bankrupt educational tech business Byju's Alpha asked a Delaware judge to dismiss an adversary complaint filed by the company, saying the bankruptcy court doesn't have personal j... (more story)
Jackson Walker LLP has reached a $485,000 settlement with two former bankruptcy clients to resolve a dispute related to the concealed romance of a former partner and former Texas bankruptcy judge David R. Jone... (more story)
Goodwin and Perkins Coie are among various law firms that landed work on the largest New York City real estate deals that hit public records last week, a period that saw a trio of nine-figure deals become public.
Benjamin Beller of Sullivan & Cromwell LLP helped defunct cryptocurrency exchange FTX through its Chapter 11 case and its disputes with other crypto debtors that culminated in a $14 billion-plus reorganization... (more story)
A Texas bankruptcy judge on Monday signed off on renewable fuel producer Global Clean Energy Holdings Inc.'s plan to give control of the company to lenders and engineering firm CTCI, approving a Chapter 11 dea... (more story)
A special master found Monday there is no reason to believe third-party funders are influencing Beasley Allen Law Firm's decisions in a massive talc litigation in New Jersey, defeating a subpoena from Johnson ... (more story)
A Delaware vice chancellor last week sent several coordinated derivative suits seeking millions of dollars in damages from AT&T to trial and also chose a boutique firm to lead a potential "blockbuster" suit ch... (more story)
Mid Cap More
Bankrupt medical tech company UpHealth is urging a Delaware bankruptcy judge to nix a $200 million adversary proceeding launched by Glocal Healthcare in a bitter feud over an ill-fated merger, accusing the Ind... (more story)
A Delaware bankruptcy judge on Monday gave her approval for CareerBuilder + Monster, an online job search platform, to sell its three lines of business for a combined $68.6 million and tap into the full amount... (more story)
MMRE Management-Patriot Place LLC — the minority owner of an apartment complex in Georgia — has sought Chapter 11 protection in a New York bankruptcy court, saying it purchased the property at an inflated pric... (more story)
Desktop Metal, a 3D printer designer, filed for Chapter 11 bankruptcy in Texas Monday four months after a Delaware lawsuit forced manufacturing technology group Nano Dimension to complete its $183 million acqu... (more story)
The Office of the U.S. Trustee has appointed five members to the official committee of unsecured creditors in the Chapter 11 case of Maverick Gaming LLC, a company that runs casinos and other gambling venues.
Valves and Controls US Inc. filed for Chapter 11 protection in Delaware Friday with between $100 million and $500 million in estimated liabilities, saying it is facing more than 2,000 asbestos claims it is pla... (more story)
A federal bankruptcy judge in New York on Friday explained his decision to move the Chapter 11 case of a Detroit hospital developer from his courtroom to Michigan, saying that considerations including the conv... (more story)
A Delaware bankruptcy judge on Friday allowed Charter School Capital Inc., a company that provides funding for charter schools across the country, to sell its business for $80 million, $15.5 million of that in cash.
A company that owns an apartment building in California's Central Coast region has launched a Chapter 11 case with between $50 million and $100 million each in assets and liabilities.
A Delaware bankruptcy judge has approved broadband infrastructure developer Tilson Technology Management Inc.'s plans to hold a Chapter 11 auction for its assets in September as it looks for a stalking-horse bidder.