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Havana Air Says Immigration Policies Pushed It Into Ch. 11
Counsel for Miami-based Havana Air told a Delaware bankruptcy judge Tuesday it had to file for Chapter 11 protection due to an abrupt reduction in travelers on its routes to Cuba after the Trump administration enacted travel restrictions on citizens of the Caribbean island nation.
Meet The Attys Powering EV Battery Swap Biz Ample's Ch. 11
Ample, a company developing quick battery swap stations for electric vehicles, has filed for bankruptcy protections in Texas, saying it was unable to drum up enough investments to commercially scale up. It has tapped a team of attorneys from Pillsbury Winthrop Shaw Pittman LLP to drive its Chapter 11 sale plans.
Tricolor Execs Charged, Spirit Scores $100M Funding
A New York federal grand jury indicted former executives of Tricolor Holdings on fraud charges, while Spirit Airlines lined up an additional $100 million in financing. Akoustis Technologies won court approval to carry out its Chapter 11 liquidation plan, and the Roman Catholic Diocese of Oakland, California, and abuse claimants agreed to continue talks toward a reorganization plan.
Havana Air Says Immigration Policies Pushed It Into Ch. 11
Counsel for Miami-based Havana Air told a Delaware bankruptcy judge Tuesday it had to file for Chapter 11 protection due to an abrupt reduction in travelers on its routes to Cuba after the Trump administration enacted travel restrictions on citizens of the Caribbean island nation.
Meet The Attys Powering EV Battery Swap Biz Ample's Ch. 11
Ample, a company developing quick battery swap stations for electric vehicles, has filed for bankruptcy protections in Texas, saying it was unable to drum up enough investments to commercially scale up. It has tapped a team of attorneys from Pillsbury Winthrop Shaw Pittman LLP to drive its Chapter 11 sale plans.
Tricolor Execs Charged, Spirit Scores $100M Funding
A New York federal grand jury indicted former executives of Tricolor Holdings on fraud charges, while Spirit Airlines lined up an additional $100 million in financing. Akoustis Technologies won court approval to carry out its Chapter 11 liquidation plan, and the Roman Catholic Diocese of Oakland, California, and abuse claimants agreed to continue talks toward a reorganization plan.
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Large Cap More
Two attorneys who were licensed in Connecticut were convicted in 2025 on charges that either did or could result in prison time, including a longtime real estate attorney who fatally shot a man in his law firm... (more story)
A New Jersey bankruptcy judge on Tuesday dismissed the Chapter 11 case of plus-size clothing retailer Ashley Stewart, saying it had been filed without proper authority by board members appointed in violation o... (more story)
Over the past year, federal courts have issued decisions that extended the deadline for challenging tax bills in the U.S. Tax Court, allowed the IRS to pursue a woman's decades-old tax debt caused by her retur... (more story)
Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 b... (more story)
A360 Media LLC and Bauer Media Group USA LLC are urging a New Jersey federal judge to award them more than $520,000 in attorney fees and costs after defeating a former executive's ERISA severance suit, arguing... (more story)
A Texas bankruptcy judge said Monday that auto-parts maker First Brands Group can access about $60 million in cash held by customers or stuck in segregated accounts, while setting up a January hearing to handl... (more story)
The International Legal Finance Association has honored Kobre & Kim LLP, Boies Schiller Flexner LLP, Irell & Manella LLP and McDonald Hopkins LLC for trailblazing work in high-stakes litigation and facilitatin... (more story)
Sporting gear and golf course design firm Nicklaus Cos. has asked the Delaware bankruptcy court to invalidate the liens of its largest creditor and to provide clarity on its claim status ahead of a proposed as... (more story)
The mediator overseeing talks between Del Monte and the creditors in its Chapter 11 case reported on Friday that the canned food giant's prospective buyers had agreed to pay unsecured creditors $8 million whil... (more story)
Eletson Holdings on Friday argued in support of its bid to subpoena Reed Smith LLP and Rolnick Kramer Sadighi LLP as the shipping company seeks to enforce judgments of up to $873,000 that it won in September, ... (more story)
Mid Cap More
The developers behind the former Hudson Hotel in Manhattan have asked a Delaware bankruptcy judge to recharacterize a long-term "ground lease" tied to the property as a disguised financing arrangement, arguing... (more story)
A Texas bankruptcy judge approved the $18 million sale of Cajun chain Razzoo's Inc.'s assets to a subsidiary of a Dallas-based restaurant developer, which plans to keep operating 11 of Razzoo's 20 remaining locations.
FlexShopper, a company offering lease-to-own services for appliances and electronics, has filed for Chapter 11 protection in the Delaware bankruptcy court, listing more than $100 million in debt and alleging i... (more story)
Grand Slam Track, a professional track and field league founded by Olympic sprinting champion Michael Johnson, received a Delaware bankruptcy judge's permission Tuesday to borrow $1.1 million to fund its nascent Chapter 11.
The battle for plus size fashion retailer Ashley Stewart is continuing in a Delaware bankruptcy court, with one director seeking to dismiss the case while others are calling for a court-appointed trustee to in... (more story)
A south Texas concrete company has faulted a reduction in residential construction projects caused by increased immigration enforcement actions for its Chapter 11 filing, saying its recent growth was stalled b... (more story)
A Delaware bankruptcy judge Monday declined to grant final approval of US Magnesium's $11.5 million in Chapter 11 financing, saying it was too early to authorize that relief as parties in the case continue to ... (more story)
Flipcause Inc., which provides software as a service that helps small nonprofits raise money, filed for Chapter 11 protection in Delaware on Friday with $30.5 million of liabilities after the payment processor... (more story)
A Delaware judge on Friday gave interim approval to bankrupt education software company Conscious Content Media to tap part of a $10 million debtor-in-possession loan facility, over objections from the Office ... (more story)
The escrow agent holding $1.6 million related to the developer of the former Hudson Hotel near Manhattan's Columbus Circle has sued the debtor in Delaware bankruptcy court in an effort to resolve conflicting i... (more story)