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Large Cap More

SIMAD-Linked New Orleans Office Tower Hits Ch. 11

A New Jersey bankruptcy judge on Monday agreed to give bankrupt summer camp and real estate company SIMAD Holdings Ltd. interim permission to use cash collateral, which the debtor said it needed to keep its ca... (more story)

Catching Up With Delaware's Chancery Court

At the Delaware Chancery Court, a trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled, and a Reddit investor has filed a ... (more story)

Fed. Circ. Panel Backs Invalidation Of OxyContin Patent

The Federal Circuit on Monday upheld a Delaware federal court's decision that deemed invalid a Purdue Pharma patent covering an abuse-deterrent version of the opioid OxyContin, rebuffing the company's argument... (more story)

First Brands Pitches New Ch. 11 Plan To Avoid Liquidation

Car parts maker First Brands Group on Monday touted a new Chapter 11 plan in Texas bankruptcy court about two weeks after a judge denied its bid to take votes on its previous effort, saying the new version giv... (more story)

Latham Brings On Kirkland Litigation Pro In Austin

Latham & Watkins LLP announced Monday that it has fortified its litigation presence in Texas and nationally with an Austin, Texas-based partner who arrived from Kirkland & Ellis LLP.

Marelli Gets $300M DIP Extension, Aims For Aug. 1 Plan Filing

Counsel for automobile parts maker Marelli Corp. on Monday told a Delaware bankruptcy judge it is looking to have a reorganization plan on file by Aug. 1, after the judge gave it the go-ahead to tap into an ad... (more story)

Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptoc... (more story)

Insurance Brokerage GoHealth Hits Ch. 11 With Prepack Plan

Health insurance broker GoHealth has filed for Chapter 11 protection in Delaware with $772 million in debt and a prepack equity-swap plan, saying medical costs are outpacing government reimbursement and that i... (more story)

Spirit Unions Blast Executive Bonus Proposal In Ch. 11

A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying t... (more story)

J&J Talc Unit Settles Committee Fee Tiff With Paul Hastings

A Texas bankruptcy judge approved a confidential settlement between law firm Paul Hastings LLP and Johnson & Johnson talc unit Red River Talc over $8 million in disputed fees sought by the firm for its represe... (more story)

Mid Cap More

23andMe Says Calif. Data Breach Suit Barred By Ch. 11 Plan

The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe told a Missouri bankruptcy judge Monday that a state court lawsuit brought by the California attorney general over... (more story)

Denver Developer Accused Of Lies To Dodge Loan Repayment

A real estate investment firm has claimed in Colorado state court that a Denver developer lied numerous times to refinance on three occasions a promissory note governing the development of a residential lot on... (more story)

Liability Insurer Owes $1M On $13M Botched Surgery Verdict

A medical professional liability insurer will pay its $1 million policy limit toward a $13 million verdict against a Washington state doctor in a botched cosmetic surgery case, a federal judge has ruled.

Wind Farm Pile-Maker Reaches $12.6M Truce With Landlord

Wind farm pile-maker EEW American Offshore Structures Inc. asked a New Jersey bankruptcy judge to approve a nearly $13 million settlement the debtor struck with a landlord, saying the deal clears up litigation... (more story)

Window Co. Hits Ch. 11 With $10M+ Debt, $875K Union Claim

Pennsylvania window company Graboyes LLC has filed a Chapter 11 petition citing more than $10 million in liabilities, including $2.1 million in disputed loans and an $876,000 "note payable" to the Internationa... (more story)

Home Decor Biz Files Ch. 11 With Over $100M Debt, Sale Plans

Simply Interior Homes, which makes home textiles and decor, filed for Chapter 11 protection Monday in Delaware bankruptcy court with at least $100 million in debt and a plan to sell its business.

Texas Ex-Hospital Owner Opposes Ch. 7 Conversion Bid

Texas' bankrupt former hospital owner Sherman/Grayson Hospital LLC said that professional fees have been paid, monthly operating reports filed and other steps taken that should prevent its Chapter 11 case from... (more story)

FlexShopper Hit With Objections To Ch. 11 Plan

The U.S. Trustee's Office has objected to rent-to-own company FlexShopper's Chapter 11 plan in Delaware bankruptcy court, arguing that the debtor's proposal contains third-party releases that violate a 2024 U.... (more story)

Calif. Newspaper Owes $3.6M In Back Pay, NLRB Says

The former parent company of the now-bankrupt Santa Barbara News-Press, the newspaper's former owner, and related entities must pay $3.6 million in back pay in a long-standing labor dispute with the Teamsters ... (more story)

King & Spalding Continues Funds Growth With Proskauer Duo

King & Spalding LLP announced Thursday that it has hired two former Proskauer Rose LLP attorneys, one of whom co-led their prior firm's global finance and corporate and fund finance teams.

Expert Analysis

Banks Should Reassess Warehouse Lines Amid Credit Stress

Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory expo... (more story)

Private Lender Verification Lessons From Recent Fraud Cases

Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recog... (more story)

2 'Rocket Dockets' And The Rules That Propel Them

The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern D... (more story)