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Under The Radar: Bankruptcy News You May Have Missed
Biotech company Molecular Templates defended its Chapter 11 plan against opposition from the U.S. Trustee's Office, paper product maker Royal Interco said its Chapter 11 asset auction has secured a $180 million bid, and insurers for a New Jersey Catholic diocese fought a bid from abuse victims and the diocese to lift a stay to reinvigorate settlement discussions. Here are the bankruptcy stories you may have missed this week.
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Meet The Attorneys Directing Genetics Co. Synthego's Ch. 11
A team of lawyers from Pachulski Stang Ziehl & Jones LLP is guiding Synthego Corp. through its Chapter 11 case in Delaware, as the California-based biotechnology company pursues a sale of its assets to a prepetition lender during the proceedings.

Meet The New Mediator In The Guo Ch. 11 Case
New York Eastern District Chief Bankruptcy Judge Alan S. Trust has been tapped to bring his 17 years of experience on the bench to bear on the mediation of claims that Chinese exile Miles Guo has been attempting to hide assets in his Connecticut bankruptcy case.
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A Texas federal judge told Jackson Walker LLP and Kirkland & Ellis LLP that they were stuck in a "circular firing squad" in a debate over whether the former CEO of a defunct barge company could sue the firms o... (more story)
A bipartisan group of U.S. senators on Thursday introduced a bill designed to safeguard customers' genetic information in bankruptcy cases, saying 23andMe's plan to sell users' DNA data to a pharmaceutical com... (more story)
Bank of New York Mellon and a mortgage servicing company have urged a Massachusetts federal court to permanently dismiss a proposed class action accusing them of trying to collect on post-bankruptcy liens, say... (more story)
Counsel for troubled satellite company Ligado Networks told a Delaware bankruptcy judge Thursday the debtor signed an agreement in principle with telecommunications firm Inmarsat that would clear objections to... (more story)
Attorneys for Purdue Pharma told a New York bankruptcy judge Thursday that the company aims to send its Chapter 11 plan to a vote over the summer with a fall confirmation hearing to conclude the nearly 6-year-old case.
The committee representing sexual abuse claimants in the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans that began five years ago has announced it reached a roughly $179 million settlement of... (more story)
Procopio Cory Hargreaves & Savitch LLP is expanding its team, bringing in a Henderson Caverly & Pum LLP bankruptcy pro as a partner in its San Diego office.
A group of entities for New York landlord Pinnacle Group has filed for Chapter 11 protection in federal bankruptcy court, claiming at least $500 million in assets and liabilities on a portfolio of 82 holding companies.
The U.S. Trustee's Office and Jackson Walker LLP told a Texas federal judge Thursday they are open to mediating the watchdog's bid to have the law firm forfeit fees from more than 30 cases overseen by a former... (more story)
A Connecticut bankruptcy judge on Wednesday approved the Chapter 11 plan of the Norwich Roman Catholic Diocese, clearing the way for survivors of childhood sexual abuse at the hands of priests and religious br... (more story)
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A Louisiana homeowner can head back to bankruptcy court to try to discharge a $75,000 judgment against him from a contractor who said it was stiffed, a panel of the U.S. Court of Appeals for the Fifth Circuit has ruled.
Arizona-based Royal Interco LLC, a supplier of private-label paper products to grocery chains including Trader Joe's and Aldi, received the Delaware bankruptcy court's permission Thursday to sell its assets to... (more story)
Bankrupt drugmaker Nostrum Laboratories received approval from a New Jersey court for a $1.75 million sale of an Ohio facility after reaching an agreement with the buyer and lenders over the costs of removing ... (more story)
Silvergate Capital and investors suing over its collapse have reached a $37.5 million deal with a "rare" source of partial funding to resolve claims that the failed crypto-focused bank misrepresented its safeg... (more story)
A bankrupt developer sold its oil and gas rights to an affiliated company for only $100 per parcel in order to keep them from becoming part of the bankruptcy estate, the estate's trustee has claimed in an adversary complaint.
An Illinois federal judge on Tuesday grudgingly declined to issue an injunction to stop an arbitrator from dragging insurance broker Arthur J. Gallagher & Co. into arbitration stemming from the bankruptcy of C... (more story)
A Delaware bankruptcy judge Wednesday agreed to approve bankrupt vegan restaurant chain Planta's bid to access $1.75 million of its $3.5 million debtor-in-possession financing package, saying it needs funding ... (more story)
The South Carolina Supreme Court on Wednesday unanimously upheld a trial court's decision to appoint a receiver over a Canadian company's insurance assets as part of discovery sanctions in an asbestos injury l... (more story)
Sheppard Mullin Richter & Hampton LLP has brought on a former Alston & Bird LLP partner in its Dallas office and a former Dechert LLP partner in its San Francisco office, strengthening the firm's finance and b... (more story)
A Connecticut bankruptcy judge will review under seal a woman's $20 million New York injury suit against recording artist 50 Cent during an agreed-upon pause in the state court proceeding, helping her decide w... (more story)