To access this content, a subscription to Bankruptcy Authority is required.
Behind The Scenes With Rhodium Special Committee Duo
From forensic tracing of hundreds of crypto mining rigs to understanding the ins and outs of Texas' energy market, the special committee of Rhodium Enterprises played a key role in the bitcoin miner's bankruptcy, culminating in the December confirmation of its Chapter 11 liquidation plan. Law360 spoke with two of its members about the role they played and why such committees are becoming more common.
Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Behind The Scenes With Rhodium Special Committee Duo
From forensic tracing of hundreds of crypto mining rigs to understanding the ins and outs of Texas' energy market, the special committee of Rhodium Enterprises played a key role in the bitcoin miner's bankruptcy, culminating in the December confirmation of its Chapter 11 liquidation plan. Law360 spoke with two of its members about the role they played and why such committees are becoming more common.
Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Expert Analysis
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to s... (more story)
.jpg)
The Fifth and Ninth Circuits recently handed down decisions, in Sanchez Energy and Sawtelle Partners, respectively... (more story)
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understa... (more story)
Large Cap More
Pretium Packaging secured a New Jersey bankruptcy judge's approval Friday to borrow $401 million to fund a Chapter 11 case designed to cut $900 million in debt and wrap up in less than a month.
A team of lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP are representing FAT Brands Inc., the owner of Fatburger and Johnny Rockets, in its Texas Chapter 11 case.
Reed Smith LLP has told a New York federal court that they have retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture in... (more story)
Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.
A New Jersey federal judge Thursday tossed a proposed class action brought by cancer patients who allege that Johnson & Johnson's maneuvers to settle thousands of tort claims through Chapter 11 involved fraud,... (more story)
Bankrupt self-driving vehicle technology developer Luminar Technologies has hit Next Semiconductor with a suit in Texas bankruptcy court alleging the chipmaker has defaulted on a $2.2 million loan while "wrong... (more story)
Genesis Healthcare and a former bidder for the debtor's assets opposed installation of a Chapter 11 trustee before a bankruptcy court refused the idea. A Texas bankruptcy judge refused to rethink approving a c... (more story)
Minority lenders opposing a proposed settlement among bankrupt food producer Del Monte, its majority secured lenders and unsecured creditors questioned the value of the deal Thursday in New Jersey bankruptcy c... (more story)
Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may final... (more story)
A Texas bankruptcy judge Thursday declined a bid to install a Chapter 11 trustee in Genesis Healthcare's case, finding the debtor has existing safeguards and appointing a trustee could disrupt the closing of a... (more story)
Mid Cap More
Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, give... (more story)
The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations ... (more story)
The owner of bankrupt New York music venue Brooklyn Mirage has seen support for its Chapter 11 reorganization plan withdrawn by unsecured creditors, who say the debtor's stalking horse bidder and debtor-in-pos... (more story)
A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owne... (more story)
Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state re... (more story)
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auc... (more story)
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outsid... (more story)
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that ... (more story)
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting s... (more story)
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale a... (more story)