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Under The Radar: Bankruptcy News You May Have Missed
The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.
Meet The Attys Serving Up Expertise In Razzoo's Ch. 11
Cajun restaurant chain Razzoo's Inc. has put together a triumvirate of attorneys from Okin Adams Bartlett Curry LLP to assist it in using Chapter 11 to restructure and stage a possible future expansion.
Catching Up With New Bankruptcy Case Action
A string of real estate owners and developers sought Chapter 11 protections. The publisher behind a 1970s science fiction magazine is looking to liquidate in Chapter 7. A Florida physician group said it's hoping to cut down on its debt and restructure through Chapter 11. And a mid-Atlantic construction equipment dealer owned by a Texas private equity group filed for Chapter 11.
Under The Radar: Bankruptcy News You May Have Missed
The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.
Meet The Attys Serving Up Expertise In Razzoo's Ch. 11
Cajun restaurant chain Razzoo's Inc. has put together a triumvirate of attorneys from Okin Adams Bartlett Curry LLP to assist it in using Chapter 11 to restructure and stage a possible future expansion.
Catching Up With New Bankruptcy Case Action
A string of real estate owners and developers sought Chapter 11 protections. The publisher behind a 1970s science fiction magazine is looking to liquidate in Chapter 7. A Florida physician group said it's hoping to cut down on its debt and restructure through Chapter 11. And a mid-Atlantic construction equipment dealer owned by a Texas private equity group filed for Chapter 11.
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Large Cap More
Latham & Watkins LLP announced Friday that it will be adding three restructuring partners from Ropes & Gray LLP, including one who steered that firm's business restructuring practice.
Blood glucose monitor maker LifeScan has urged a Texas bankruptcy court to confirm a Chapter 11 plan that the debtor said will cut $1.7 billion of its debt and provide $75 million of exit financing, ahead of a... (more story)
A New York bankruptcy judge disqualified Reed Smith LLP from continued work in the Chapter 11 case of reorganized oil and gas shipping company Eletson Holdings on Thursday, saying the law firm's clients no longer exist.
A trustee for Rite Aid Corp.'s bankruptcy estate has sued Walgreens Boots Alliance Inc. and a subsidiary, Walgreen Co., in Delaware Chancery Court, accusing the pharmacy giant of failing to cover tens of milli... (more story)
Illinois' insurance regulator demanded that State Farm turn over data over its homeowners insurance business, the Sixth Circuit affirmed class certification in a dispute over State Farm's payments for totaled ... (more story)
The Office of the U.S. Trustee has urged the swift appointment of an examiner to probe car parts group First Brands' Texas bankruptcy, echoing a creditor's call for an independent investigation into over $2 bi... (more story)
A New Jersey federal judge this week declined to reconsider his order throwing out an attorney's copyright infringement suit against Netflix Inc. over his documentary about sexual abuse in the Boy Scouts of America.
A Texas bankruptcy judge on Wednesday denied a request by a group of Linqto shareholders to set up an equity committee in the investment platform's Chapter 11 case, saying it wasn't clear whether the company will be solvent.
Alleging trial lawyer case aggregators at Slater Slater Schulman have "run amok" in the Boy Scouts sexual abuse case, a claimants group has moved for a bankruptcy court order terminating contingency fee legal ... (more story)
A New York bankruptcy judge Wednesday approved nine remaining settlements with insurance companies for the Roman Catholic Diocese of Syracuse as part of its Chapter 11 plan, following her approval of two earli... (more story)
Mid Cap More
Firstbase.io's largest creditor is asking a New York bankruptcy judge to reject the company's request to pay nearly $802,000 to Quinn Emanuel Urquhart & Sullivan LLP, saying the debtor is trying to sink the cr... (more story)
The prepetition lenders to bankrupt affiliates of troubled real estate firm CBRM Realty Inc. have asked a New Jersey bankruptcy court to dismiss the Chapter 11, saying that the real goal of the case is to "vau... (more story)
A Delaware bankruptcy judge said Thursday he would grant interim approval to about four more weeks of Chapter 11 financing for US Magnesium after pushing back a hearing to convert the case to a Chapter 7 liquidation.
Northeast Insurance Co., a captive insurer for several hospitals and a Jewish nonprofit, asked a New York bankruptcy judge for Chapter 15 recognition of its Bermuda liquidation filing, saying it was rendered i... (more story)
An Illinois state judge on Wednesday gave the final nod to a settlement deal that includes a $60 million judgment, ending investors' negligence claims against their investment adviser, though claims remain ong... (more story)
The liquidating trust for Kal Freight Inc.'s estate has sued several companies in Texas bankruptcy court, alleging they were complicit in a scheme orchestrated by its former owners to siphon millions of dollar... (more story)
A former Caterpillar employee urged an Illinois federal judge on Tuesday not to let his bankruptcy spell doom for his lawsuit claiming the machinery manufacturer illegally collects applicants' family medical h... (more story)
Consulting firm AlixPartners received a Texas bankruptcy court's approval Wednesday to be paid nearly $6.4 million in professional fees and expenses for its work as a restructuring advisor for insolvent party ... (more story)
Crowell & Moring on Wednesday announced that it is expanding its healthcare team with the addition of a first-chair trial attorney who co-founded the healthcare practice at Robins Kaplan LLP, where he was most... (more story)
The Office of the U.S. Trustee has appointed an unsecured creditors committee in Cajun restaurant chain Razzoo's Inc.'s Chapter 11 case composed of My Tech Texas LLC, South Loop Development LLC and Sabine 2016-1 LLC.