To access this content, a subscription to Bankruptcy Authority is required.
Meet The Attys Steering Canadian Gas Co.'s Ch. 15
A team of attorneys from Pachulski Stang Ziehl & Jones LLP is guiding Canacol Energy Ltd., a Canadian company that drills for and explores natural gas in Colombia, through the Chapter 15 pipeline.
Parish Ch. 11 Buys NY Archdiocese Time To Settle Abuse Suits
Rising legal pressures stemming from child sex abuse claims led the Church of the Immaculate Heart of Mary to file for Chapter 11 bankruptcy, a move intended to pause litigation while the Archdiocese of New York — which is leading broader settlement talks and has announced plans to raise $300 million to compensate survivors — pursues a global resolution.
Post-COVID Slump Put American Signature Furniture In Ch. 11
A post-pandemic sales slump, compounded by a weak housing market, high interest rates, tariffs and rising inflation, led home furnishing retailer American Signature Furniture Inc. to file for Chapter 11 protection.
Large Cap More
A commercial litigator who has represented a long list of clients in complex cases — from Lehman Brothers, Facebook, institutional investors and drug developers to LGBTQ+ rights organizations in high stakes ap... (more story)
Brazilian airline Azul SA told a New York bankruptcy judge Thursday he should overrule an objection by the U.S. Trustee's Office to its proposed third-party releases and approve its bid to trim more than $2 bi... (more story)
A Manhattan federal judge hammered Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that su... (more story)
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the F... (more story)
Bankrupt nursing home company Genesis Healthcare Inc. and its proposed asset purchaser on Wednesday traded accusations with parties objecting to the deal at the first day of a multipart sale hearing in the deb... (more story)
Financial advisers to Modivcare's unsecured creditors' committee told a Texas bankruptcy judge on Wednesday they believe the healthcare transportation and technology company's estimates of its value and future... (more story)
The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 es... (more story)
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered w... (more story)
A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight mo... (more story)
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abu... (more story)
Mid Cap More
Bankrupt casino operator Maverick Gaming has asked a Texas bankruptcy court to approve a settlement it reached with its secured lenders and Blue Owl Capital Inc. after its Chapter 11 sale process failed to gen... (more story)
Grand Slam Track, a professional track and field league started by Olympic sprinting champion Michael Johnson, filed for Chapter 11 protections in Delaware Thursday with up to $50 million in liabilities.
A large shareholder of Lucky Bucks Holdings LLC told a Delaware bankruptcy judge Wednesday that claims against it related to $240 million in prepetition dividend payments should be tossed because the Chapter 7... (more story)
A Texas bankruptcy judge has found that a directors and officers liability insurer was wrong to refuse a reasonable $4.65 million settlement demand from the trustee overseeing the wind-down of former cryptocur... (more story)
In questioning counsel for an insolvent Dutch insurance company trying to confirm a $166 million arbitral award against convicted insurance mogul Greg Lindberg, two Fourth Circuit judges quipped the insurer li... (more story)
Wells Fargo is seeking to shed claims in Texas federal court alleging it turned a blind eye to a convicted former attorney's misuse of client funds held in accounts at the bank, arguing that the victims of the... (more story)
An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now will... (more story)
A Texas bankruptcy judge on Tuesday said he needs to take a week to consider how to handle the Chapter 11 of a Texas aviation company after the winner of a contract dispute with the debtor said its filing is a... (more story)
A solar project financing company alleged that bankrupt solar panel leasing firm PosiGen failed to pass along $10.5 million in project revenue, asking a Texas bankruptcy judge to intervene.
Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.