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Spirit Airlines will urge a New York federal judge to sign off on its sale of de-identified data to Google. The Diocese of Oakland will reconvene before a California bankruptcy judge after its Chapter 11 plan was denied. And rent-to-own retailer FlexShopper will press for confirmation of its Chapter 11 plan.
A dispute about a New York sushi restaurant's request to extend a plan filing deadline in its Subchapter V bankruptcy case is raising questions about the obligations of small business debtors, with the U.S. Trustee's Office saying the restaurant should abide by the rules as written.
With critics of the Texas two-step again asking the U.S. Supreme Court to weigh in on the maneuver where companies saddle a spinoff with liabilities, they are highlighting a circuit split that gets at a core purpose of Chapter 11: whether it should be reserved for companies facing financial distress.
Bankrupt pool supply company Leslie's Inc. received approval Friday in a Texas court for its Chapter 11 plan disclosure statement and a plan to shut down and liquidate the inventory of its retail hot tub business.
Liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank asked a U.S. appellate court to rule the Federal Deposit Insurance Corp. wasn't a successor for ownership of claims they brought against the FDIC it...(read more)
A New York bankruptcy judge on Friday named retired U.S. Bankruptcy Judge Robert D. Drain to mediate an ongoing dispute between bankrupt airline Spirit Aviation and a company that agreed to buy 20 of its aircraft.
Adam Rogoff of Herbert Smith Freehills Kramer LLP led Del Monte through its complex sale process in Chapter 11 and advised the state of Connecticut in the more than $1 billion bankruptcy case of Prospect Medical Holdings, ...(read more)
Ferguson Braswell Fraser Kubasta PC has hired an attorney who represents reality television star Erika Girardi and brings nearly 40 years of complex commercial disputes experience to the firm, according to a recent announc...(read more)
Those who worked within the walls of Weil Gotshal & Manges LLP over its 95-year history have built up countless personal and professional memories. Here, six former attorneys and staff share some of their top memories.
A Zurich unit urged a New York bankruptcy court to reject Revlon's bid to enforce its Chapter 11 reorganization plan, saying the company is attempting to repackage a dispute over coverage for thousands of bodily injury cla...(read more)
As the approximately 1,000 professional staff members at Weil Gotshal & Manges LLP look for new roles, they're likely to encounter a more difficult job market than the firm's attorneys, recruiters told Law360 Pulse.
An ad hoc group of Getty stockholders has urged a Delaware bankruptcy judge to not grant final approval of the company's $143 million bankruptcy financing package, arguing the deal is designed to hand control of the busine...(read more)
Defunct carrier Spirit Airlines is working on the remaining objections to its sale of de-identified data to Google after resolving objections from unions, the debtor's attorney told a New York bankruptcy judge on Thursday.
State and federal environmental regulators have asked a New Jersey bankruptcy judge to give them unrestricted access to information from a debtor's contaminated Superfund site, saying the data is necessary for them to prot...(read more)
The bankrupt operator of 314 Wendy's restaurants is asking a Michigan bankruptcy judge to approve a deal with the owner of the Wendy's chain to end a fight over its franchise agreements with a nearly $46 million baseline b...(read more)
A Texas bankruptcy judge gave Five Star Development permission Friday to send a Chapter 11 plan for some of its affiliates out for a creditor vote, with the debtor aiming for a mid-December confirmation and an exit from ba...(read more)
Two property developer brothers are resisting a £13.8 million ($18 million) claim brought by a retail bank, arguing that their combined liability under a loan guarantee cannot exceed £6 million.
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject rent-to-own retailer FlexShopper's Chapter 11 plan, saying it contains overly broad releases and forces third parties to release claims without comp...(read more)
Artificial intelligence-moderated social media platform WeAre8 is asking a Delaware bankruptcy judge to give it the go-ahead for an asset auction in December with a $1.2 million baseline credit bid from the provider of its...(read more)
A team of 120 private funds attorneys from Weil Gotshal & Manges LLP, including 23 partners, is joining Gibson Dunn & Crutcher in New York, London and Washington, D.C., as their predecessor firm prepares to close its doors...(read more)
A lender has sued a former property company director for £3.2 million ($4.2 million), alleging that he concealed assets when settling his liability, including by transferring land to his ex-wife to keep it beyond the lende...(read more)
The trustees overseeing Tom Girardi's and his former law firm's bankruptcies struck a deal to put their claims against each other behind other approved general unsecured claims, according to a California bankruptcy court f...(read more)
The U.S. Trustee's Office objected late Monday to the proposed Chapter 11 plan of the Franciscan Friars of California, saying the plan contains overly broad injunctions of third-party claims and includes a gatekeeping prov...(read more)
Diane Dick
Character.AI's bankruptcy is charting a path for preserving value in an artificial intelligence business that depends on retain...(read more)
Michael Martinez and Mary Grasta
The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process availa...(read more)
Hon. Brian Palmucci
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries...(read more)