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Large Cap More

Linqto Can Sell $130M In Ripple Shares As It Preps Ch. 11 Exit

A Texas bankruptcy judge Wednesday agreed to let Linqto sell Ripple Labs equity for a total of $130 million, in transactions that counsel for the former investing platform said will help it exit Chapter 11 soon.

Genesis Beats JV Partner's Challenge To $1B Sale In Ch. 11

A Texas bankruptcy judge has rejected an objection to Genesis Healthcare's $1 billion sale of its 175 nursing homes, ruling that a joint venture partner cannot scuttle the deal by invoking a partnership agreem... (more story)

Troutman Adds Sidley Bankruptcy Pro In Dallas

Troutman Pepper Locke has strengthened its bankruptcy and restructuring practice with a seasoned Dallas-based partner who came aboard from Sidley Austin LLP.

Bankruptcy No Barrier To Running Self-Managed Super: Judge

A Federal Court judge in Sydney has allowed a bankrupt former construction company manager to continue managing his self-managed superannuation fund, finding relief from management disqualification is availabl... (more story)

Ex-SVB Exec Defends Bank's Risk Appetite In FDIC Trial

Silicon Valley Bank's ex-chief financial officer defended SVB's risk appetite during a California federal bench trial Tuesday over the Federal Deposit Insurance Corp.'s claims the bank's brass mismanaged its a... (more story)

DISH Hits Ch. 11 With $14B In Debt After AT&T Deal Is Delayed

Video distribution entities owned by EchoStar Corp., including Dish TV and Sling TV, commenced prepackaged Chapter 11 cases in Texas late Tuesday with $14 billion of debt and a proposal to pay down existing de... (more story)

Braskem Gets US Asset Shield As Brazil Debt Talks Play Out

A New York bankruptcy judge granted provisional Chapter 15 relief to Braskem SA on Tuesday, allowing the Brazilian petrochemical and plastics company to use bankruptcy's automatic stay to pause creditor action... (more story)

Puerto Rico Oversight Board Pitches $3B Bond Settlement

Puerto Rico's Financial Oversight and Management Board pitched a $3 billion settlement package to bondholders of the Puerto Rico Electric Power Authority, with an eye to finishing the power authority's bankrup... (more story)

Pierson Ferdinand Adds Partners In 4 Of Its U.S. Offices

Pierson Ferdinand LLP announced Tuesday that it has added four partners to its corporate, intellectual property and litigation departments to bolster its capacity to handle corporate litigation, patent, bankru... (more story)

Eletson Ex-Owners Ordered To Pay $296K In Fraud-Tainted Feud

A New York federal judge has told the former majority owners of Eletson Gas to pay nearly $300,000 in sanctions after he vacated an underlying $102 million arbitration award over alleged fraud.

Mid Cap More

Judge To Approve $40M Sale Of Texas A&M Data Center

A Texas bankruptcy judge said Wednesday that he would approve a sale of a data and research center affiliated with Texas A&M University, RELLIS Campus Data and Research Center LLC, to AI software company ThisW... (more story)

YesCare Can Use Lender Cash In Ch. 11 Amid Venue Fight

A Florida bankruptcy judge Wednesday allowed YesCare, the affiliate of prison healthcare company Tehum Care Services, to use lender cash and pay wages after adjourning a hearing on a motion to transfer the cas... (more story)

Medspa Owner Gets Ch. 11 Cash Collateral Deal With Lenders

A Delaware bankruptcy judge said Tuesday she will grant a request by GVO Partners, a medical spa management and investment firm, to use cash collateral, agreeing with the debtor that it needs to fund its opera... (more story)

FDIC, US Aiming to Settle $1.9M First Republic Tax Bill

The U.S. government and the Federal Deposit Insurance Corp. are working to settle the government's case against the agency in its role as receiver for the defunct First Republic Bank over taxes that the govern... (more story)

Rhodium Seeks Sanctions Over Ch. 11 Patent Claim

Bankrupt bitcoin miner Rhodium Encore on Tuesday asked a Texas bankruptcy judge to impose sanctions on cooling technology firm Midas Green Technologies, saying it spent more than $6 million fighting over Midas... (more story)

Gordon Rees Adds 8 Partners In Northern California

Gordon Rees Scully Mansukhani LLP has expanded its offices in Northern California with eight new partners who have expertise in multiple practice areas, a firm spokesperson told Law360 Pulse on Tuesday.

Camp Mystic Gets Initial OK To Pay Worker Wages In Ch. 11

A Texas bankruptcy judge on Tuesday gave Camp Mystic permission to pay employee wages but declined to approve a $2,000 stipend for the president of one of the camp's affiliates, about a week after the summer c... (more story)

SF Archdiocese Reaches $395M Settlement Of Abuse Claims

The Archdiocese of San Francisco and survivors of clergy sexual abuse have reached a $395 million settlement in principle that would resolve more than 500 lawsuits facing the bankrupt organization, the archdio... (more story)

$100M RICO Suit Is 'Classic' Sanctionable Activity, Attys Say

A California business owner pursuing racketeering claims against his former business partner and a handful of lawyers and business entities should be sanctioned for bringing a frivolous suit with no standing a... (more story)

Linqto Seeks OK To Sell $130M In Shares From Recovery Fund

Bankrupt investing platform Linqto has told a Texas bankruptcy judge its Ripple Labs equity holdings are too valuable and asked to be allowed to sell $130 million of the blockchain company's stocks to conform ... (more story)

Expert Analysis

Power To The Paralegals: Burnout As A Structural Problem

Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structu... (more story)

A Framework For Volume Dispute Damages In Oil, Gas M&A

With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment d... (more story)

A Lender's Guide To Fraud: Identifying Risks

The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, b... (more story)