Johnson & Johnson knew for decades that its baby powder contained asbestos, even as it advertised the product as safe and "pure," attorneys for the families of three women who died of ovarian cancer told a Cal... (more story)

Rival airlines have scrambled to boost routes, plug service gaps and snatch up Spirit Airlines customers in the two days since the budget carrier's demise, raising alarms about what other casualties might be i... (more story)

Proskauer Rose LLP submitted its final fee application Friday for its years of work on behalf of the Financial Oversight and Management Board as the representative for the Commonwealth of Puerto Rico in its re... (more story)

A Texas federal judge has thrown out an order in Genesis Healthcare's Chapter 11 case that shielded nondebtor affiliates from lawsuits, ruling that the bankruptcy court made "several errors" when it blocked ho... (more story)

Pharmacy services provider Omnicare told a Texas bankruptcy judge that it has selected a $250 million offer from stalking horse bidder GenieRx Holdings LLC as the winning bid in a sale process for its assets, ... (more story)

Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.

Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.

QVC told a Texas bankruptcy judge on Friday that granting shareholders' request to appoint an official equity committee in its Chapter 11 case would waste estate resources for the exclusive benefit of out-of-t... (more story)

The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement th... (more story)

Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

A data and research center affiliated with Texas A&M University has asked a Texas bankruptcy court for leave to hire an investment banker to find alternatives to a long-planned sale that has yet to close.

A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would be contrary to U.S. public p... (more story)

The U.S. Trustee's Office has urged a Texas bankruptcy judge to dismiss or convert the Chapter 11 case of trucking company Balkan Express, saying the debtor has failed to file operating reports and pay required fees.

The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been sa... (more story)

A Texas bankruptcy judge said Friday she would approve $2.5 million in additional Chapter 11 financing for two debtors that mine and process sand for fracking from an entity that is also pursuing a $21 million... (more story)

The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight w... (more story)

Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.

Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.

McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections af... (more story)