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Rite Aid Back In Ch. 11, Tupperware Gets OK To Liquidate
Drugstore chain Rite Aid reentered bankruptcy less than a year after its earlier reorganization plan was approved, and received a bankruptcy court's permission to conduct asset sales. Food storage container maker Tupperware Brands Corp. received court approval for its Chapter 11 liquidation plan. And a Washington University law professor was named the consumer privacy ombudsman in 23andMe's Chapter 11 case.
23andMe DNA Data Sale In Ch. 11 Tests Ombudsmen's Reach
23andMe's high-stakes plan to sell customers' genetic data in bankruptcy is poised to test the limits of court-appointed consumer privacy advocates in Chapter 11 and the 20-year-old law that created them, as concerns mount over how the potentially novel deal will affect highly sensitive personal information.
What's Happening In Bankruptcy Court This Coming Week
Delaware bankruptcy judges will weigh the Chapter 11 plan disclosures of Forever 21 and telecom company Ligado Networks, a collection of asset sales proposed by bankrupt trucking company Yellow Corp., as well as Danimer Scientific Inc.'s stalking horse sale to a polymer supplier.
Rite Aid Back In Ch. 11, Tupperware Gets OK To Liquidate
Drugstore chain Rite Aid reentered bankruptcy less than a year after its earlier reorganization plan was approved, and received a bankruptcy court's permission to conduct asset sales. Food storage container maker Tupperware Brands Corp. received court approval for its Chapter 11 liquidation plan. And a Washington University law professor was named the consumer privacy ombudsman in 23andMe's Chapter 11 case.
23andMe DNA Data Sale In Ch. 11 Tests Ombudsmen's Reach
23andMe's high-stakes plan to sell customers' genetic data in bankruptcy is poised to test the limits of court-appointed consumer privacy advocates in Chapter 11 and the 20-year-old law that created them, as concerns mount over how the potentially novel deal will affect highly sensitive personal information.
What's Happening In Bankruptcy Court This Coming Week
Delaware bankruptcy judges will weigh the Chapter 11 plan disclosures of Forever 21 and telecom company Ligado Networks, a collection of asset sales proposed by bankrupt trucking company Yellow Corp., as well as Danimer Scientific Inc.'s stalking horse sale to a polymer supplier.
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Large Cap More
The Teamsters and the International Association of Machinists are challenging a bankruptcy court's finding that Yellow Corp. is not liable for failing to tell 22,000 union workers they were about to lose their... (more story)
Chainalysis Inc. is asking a New York federal judge to throw out a lawsuit brought against it by defunct cryptocurrency platform Celsius Network, saying Celsius is trying to deflect the blame for fraud perpetr... (more story)
The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy ini... (more story)
A Texas bankruptcy judge on Monday gave interim approval to Harvest Sherwood Food Distributors Inc.'s $104 million Chapter 11 financing, allowing it to access $5 million of new funds after it shifted a debt ro... (more story)
A Delaware bankruptcy judge on Monday gave Forever 21 permission to send its Chapter 11 plan out for a creditor vote after the fast-fashion retailer said it had not found a going-concern buyer and will likely ... (more story)
A New Jersey federal judge gave an initial nod to a $1.95 million deal to resolve a proposed class action accusing Bed Bath & Beyond's 401(k) committee of mismanaging 2,100 employees' retirement plan before ul... (more story)
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A Delaware bankruptcy judge declined Friday to impose sanctions on cryptocurrency mining company Mawson Infrastructure Group, saying she was unconvinced by Celsius Network's allegations that the involuntary de... (more story)
A Delaware bankruptcy judge has ruled a former Boy Scout's claim of repressed memories of sexual abuse is a valid reason for missing a deadline to apply for damages from the trust established in the Boy Scouts... (more story)
A Texas bankruptcy judge vetoed Harvest Sherwood's $104 million Chapter 11 loan on Friday after creditors challenged the timing of and need for a $79 million rollup of prepetition debt early in the case as the... (more story)
Mid Cap More
A Delaware bankruptcy judge on Monday rejected Japanese chemical company Kaneka's request to lift a stay on litigation against U.S.-based plastics alternative maker Danimer Scientific Inc., finding it would harm the debtor.
Young Conaway Stargatt & Taylor LLP asked a Delaware bankruptcy judge to let it withdraw from representing reorganized cybersecurity firm IronNet in its Chapter 11, citing rules that let lawyers cut ties if a ... (more story)
A Delaware bankruptcy judge on Monday refused to shoot down Google's opposition to bankrupt dorm room decor supplier Dormify's bid to sell its assets to Williams Sonoma, finding the debtor had failed to presen... (more story)
The U.S. Trustee's Office has objected to a proposal from the wind-down administrator of technology firm AgileThought to share its special litigation counsel, Grant & Eisenhofer, with the company's prepetition... (more story)
The bankrupt landscape plant grower TreeSap Farms LLC won a bankruptcy court's permission Monday to sell its assets to a buyer controlled by its CEO for $88 million in cash, plus the assumption of nearly $24 m... (more story)
A Delaware bankruptcy judge has signed off on a settlement in the Chapter 11 case of California hotel operator MOM CA that calls for two creditors that accused the debtor of fraud to hold off on their motion t... (more story)
Flagship Resort Development Corp., a prominent seller of timeshares around the Atlantic City Boardwalk, has filed for Chapter 11 protection in New Jersey bankruptcy court, in the face of mounting pressures fro... (more story)
A New Jersey state judge agreed Monday to Lowenstein Sandler LLP's request to have a pair of cases related to a dispute between the firm and a local cannabis dispensary consolidated.
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A standing Chapter 13 trustee in the Eastern District of New York must return some $20,000 in fees from a dismissed bankruptcy, the Second Circuit ruled Friday, holding trustees are not entitled to charge a pe... (more story)