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A U.S. Supreme Court ruling Thursday that rejected the Fifth Circuit's "overly rigid" judicial estoppel rule gives lower courts more latitude to decide whether a debtor's failure to disclose a claim in bankruptcy was a mistake, but it leaves open numerous questions about the duties of consumer debtors, experts told Law360.
One bankrupt life sciences firm sought sanctions against an investor and the U.S. trustee sought to liquidate another one, while a medical transport company fought an attorney fee bid and creditors blasted the liquidation plan proposed for a Nevada mining company.
The nonprofit that organizes the annual LGBTQ Pride festival in Phoenix filed for bankruptcy protection on the eve of Pride Month, becoming the latest casualty of a political climate that the institution and other advocacy groups argue has put a target on the backs of LGBTQ-focused nonprofits.
A Delaware bankruptcy judge ruled Thursday that claims in a lawsuit brought by vendors of liquidated craft retailer Joann Inc. are not property of Joann's estate and can continue, as the claims are direct clai... (more story)
In multiple filings, EJS Investment Holdings LLC has asked a Texas federal judge to reject attempts by former U.S. Bankruptcy Judge David Jones and other parties to dismiss its proposed class action over his s... (more story)
Yellow Corp. will undergo a status conference regarding pension plan settlements, Warrior Technologies will vie for final approval of its bankruptcy financing, and plastic company Trinseo PLC will also seek de... (more story)
Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.
A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked fo... (more story)
Venezuela has tapped heavyweight lawyers from Greenberg Traurig LLP as its new counsel in a Third Circuit appeal challenging a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisf... (more story)
A group of lenders for bankrupt plastics company Trinseo PLC asked a Texas bankruptcy judge to dispose of a lawsuit stemming from the Chapter 11 case in which other lenders are seeking to dismantle two prebank... (more story)
The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's... (more story)
A bank, a union and a subsidiary of a German chemical company were named to the official committee of unsecured creditors in the Chapter 11 bankruptcy of plastics company Trinseo PLC.
The U.S. Supreme Court on Thursday vacated and remanded a Fifth Circuit ruling that let judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after he failed to disclose the claim to a bankru... (more story)
The U.S. Trustee's Office is asking a New York bankruptcy judge to give Weil Gotshal & Manges LLP a 20% haircut on its fees for the Chapter 11 of a Manhattan landlord, saying the firm tried to lump together to... (more story)
Bankrupt drug research and development company Inotiv Inc. has tapped a team of lawyers from Hunton Andrews Kurth LLP and Ropes & Gray LLP to see it through a Chapter 11 it began with nearly $489 million in de... (more story)
A Ninth Circuit judge appeared skeptical Friday of efforts to revive allegations that Google harmed market competition for digital advertising by booting a now-defunct advertising app from its Play Store, sayi... (more story)
Harvest Sherwood Food Distributors on Friday got clearance for an August confirmation hearing for its Chapter 11 liquidation plan after a Texas bankruptcy judge said that, with some tweaks, the plan disclosure... (more story)
A New Jersey federal magistrate judge reopened a sushi restaurant worker's wage suit and allowed her to amend her complaint with claims related to a finding that one restaurant owner pursued bankruptcy in bad ... (more story)
The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to... (more story)
Danskammer Energy, a Hudson Valley power plant operator, filed for Chapter 11 bankruptcy in Delaware, nearly two years after it pulled the plug on redevelopment plans that faced legal challenges and community pushback.
Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, secured a Texas bankruptcy judge's recognition of its winding-up proceedings.
Quinn Emanuel and a Mexican oil company told a Miami federal court they have reached a settlement in a bitter dispute stemming from the firm's representation of the company amid a New York bankruptcy, resolvin... (more story)
The U.K.'s financial services regulator won an order on Thursday putting a currency exchange and international payment processing business into special administration over concerns about a suspected £2.8 milli... (more story)
Zachary Kobrin and Zev Shechtman
The recent Cannabist Chapter 15 recognition order is arguably the most significant cannabis bankruptcy development... (more story)
Ashley Zitrin
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at le... (more story)
Tamara Barago
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artific... (more story)