To access this content, a subscription to Bankruptcy Authority is required.
Under The Radar: Bankruptcy News You May Have Missed
A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.
FTX's Billion-Dollar Lawsuits Linger As Creditors Regain Cash
Almost nine months after winning approval of a bankruptcy plan worth some $16 billion, fallen cryptocurrency exchange FTX remains in the midst of litigation with former rivals and clients that could have a significant effect on the amount of money creditors ultimately recoup.
Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Under The Radar: Bankruptcy News You May Have Missed
A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.
FTX's Billion-Dollar Lawsuits Linger As Creditors Regain Cash
Almost nine months after winning approval of a bankruptcy plan worth some $16 billion, fallen cryptocurrency exchange FTX remains in the midst of litigation with former rivals and clients that could have a significant effect on the amount of money creditors ultimately recoup.
Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Expert Analysis
Though participating in opera and the world of professional baseball often pulls me away from the office, my avoca... (more story)
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can... (more story)
While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy indu... (more story)
Large Cap More
Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and ... (more story)
The estate of defunct cryptocurrency exchange FTX has asked a Delaware bankruptcy judge to approve procedures for handling distributions to claimants in 49 countries with laws or regulations that it said could... (more story)
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
As he prepared to take over as Richards Layton & Finger PA's president this week, Paul N. Heath told Law360 Pulse that he aims to ensure the firm maintains its place as a leader in Delaware's legal marketplace... (more story)
Disbarred attorney Tom Girardi asked a California federal judge on Wednesday to remain free on bond while he appeals his wire fraud conviction, saying he's not a flight risk or danger to the community and ther... (more story)
A group of insurance carriers is asking a Delaware bankruptcy judge to reject cosmetic seller Avon Products' Chapter 11 plan, saying it would unfairly force them to pay possibly bogus talc injury claims.
In the first half of the year, the U.S. Supreme Court barred a defunct transportation company's bankruptcy trustee from clawing back federal taxes and prevented the U.S. Tax Court from reviewing a collection d... (more story)
A company that runs dormitory facilities at campuses in Georgia's public university system will have to overcome a motion the colleges' board is planning to bring to have the firm's Chapter 11 case transferred... (more story)
Unprecedented arguments in a data company's bankruptcy petition that cite a failure to maintain adequate cyberinsurance coverage underscores the growing view that this specialty coverage can represent an impor... (more story)
Mid Cap More
A law firm has accused a New Jersey lawyer who is suing it in a complex fee dispute of filing a vexatious complaint designed to chill its legal work and gain an advantage in separate ongoing cases.
Dolphin encounter company Leisure Investments Holdings LLC asked a Delaware bankruptcy court to give it leave to begin marketing its many assets around the globe, saying it has gained "some measure of control"... (more story)
A media company founded and partially controlled by the television personality known as Dr. Phil filed for Chapter 11 protection in Texas bankruptcy court Wednesday, disclosing more than $100 million in liabil... (more story)
A New York bankruptcy judge on Wednesday approved the conversion of the Chapter 11 case of Colombian consumer lending giant Credivalores-Crediservicios to a Chapter 7 liquidation, following requests from the O... (more story)
A Delaware bankruptcy judge said he would grant interim approval to a $5 million debtor-in-possession loan for Charter School Capital Inc., a company that provides funding for charter schools across the countr... (more story)
A New York bankruptcy judge Wednesday pushed back a hearing on the Chapter 11 plan of the Roman Catholic Diocese of Syracuse two months until she can hear arguments on insurance settlements that are central to the plan.
After justices and oral advocates spent much of an argument pummeling a lower court's writing talents, one attorney suggested it might be time to move on — only to be told the drubbing had barely begun. Here, ... (more story)
The Catholic Diocese of Fresno, California, has filed for Chapter 11 protection with $79 million of liabilities, facing more than 150 lawsuits over clergy sexual abuse.
Ten states have won Delaware Court of Chancery clearance to submit a friend of the court brief opposing nationwide asbestos claims trust proposals to purge records linked to tens of thousands of exposure cases... (more story)
The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding ... (more story)