To access this content, a subscription to Bankruptcy Authority is required.

Large Cap More

Meet The Attorneys Guiding Freedom Forever's Ch. 11

California-based home solar panel installer Freedom Forever has retained a team from Morris Nichols Arsht & Tunnell LLP to represent it in Chapter 11 while it attempts to deal with the loss of federal home sol... (more story)

Fat Brands Seeks 90 More Days To Craft Ch. 11 Wind-Down

Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

Trump Gives Spirit Airlines 'Final' Offer On Rescue Deal

President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is pre... (more story)

McDermott Adds Restructuring Pros From Ropes & Gray In NY

McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

Saks Gets OK For Plan Disclosure With Creditor Deal

A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankrup... (more story)

U.S. Trustee, Minority Lenders Oppose Del Monte Ch. 11 Plan

The U.S. Trustee and two groups of minority lenders filed objections to the proposed Chapter 11 plan of Del Monte Foods in New Jersey court, taking aim at the plan's release provisions and the treatment of minority claims.

Ex-Shareholders, Reed Smith Seek End To Eletson Suit

Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson... (more story)

Texas Justices Asked To Revive Infowars Lease To The Onion

Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion,... (more story)

J&J Says Ill. Ruling Backs Beasley Allen's DQ From Talc Suits

Johnson & Johnson told a New Jersey federal court that a recent ruling in Illinois backs the Beasley Allen Law Firm's disqualification from multidistrict litigation over its talcum powder.

Purdue's $125M McKinsey Deal Gets OK Ahead Of Ch. 11 Exit

Purdue Pharma LP on Thursday secured a New York bankruptcy judge's approval of a $125 million agreement with McKinsey & Co. that settles claims tied to the consulting firm's work advising Purdue on the sale an... (more story)

Mid Cap More

Meal Kit Co. Proposes Ch. 11 Asset Sale Timeline

Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.

Phelps Dunbar Adds 5 Attys In Dallas Boutique Tie-Up

Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.

NYAG Objects To 'Perpetual' Stay In Nursing Home Ch. 11 Plan

The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections af... (more story)

ProPhase Testing Units Creditor Says No Real Ch. 11 Progress

A creditor of three ProPhase Labs entities that provided COVID-19 testing services objected to the debtors' motion to extend the exclusive right to file a Chapter 11 reorganization plan, arguing that the debto... (more story)

Carbon Health Says It Needs Another $11M In DIP Financing

Carbon Health Technologies said it needs another $11 million in debtor-in-possession financing to bring its loan total to $30.5 million, as it is on the verge of running out of money to continue operating its ... (more story)

Kane Russell Adds Six Attys Across Dallas, Houston, Austin

Lone Star State law firm Kane Russell Coleman Logan PC has bulked up its litigation, labor and employment, bankruptcy and emergency response offerings with new attorney hires across its offices in Austin, Dallas and Houston.

Smith Gambrell Adds Archer & Greiner Quartet In NY

Smith Gambrell & Russell LLP has hired three corporate partners in New York from Archer & Greiner PC who have worked together for more than a decade at their own boutique restructuring firm and in private practice.

Nostrum Laboratories' Ch. 11 To Convert To Ch. 7

A New Jersey bankruptcy judge has ordered the Chapter 11 case of Nostrum Laboratories Inc. to be converted to Chapter 7, after the debtor failed to file operating reports and declared its assets were liquidated.

Citgo Bidder Violating Confidentiality Agreement, Court Hears

Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward end... (more story)

Infowars Parent Says The Onion IP Deal Would Gut Asset Value

The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation li... (more story)

Expert Analysis

Judge-Led Bankruptcy Mediation Can Be The Best Option

Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Cha... (more story)

Law School's Missed Lessons: How To Draft Pleadings

Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)

E-Discovery Quarterly: Recent Rulings On ESI Control

Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically ... (more story)