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

Large Cap More

Defense Contractor Gets 7-Member Ch. 11 Creditor Committee

The U.S. Trustee's Office appointed seven members to the official committee of unsecured creditors in the Chapter 11 case of defense contractor Noble Supply & Logistics on Wednesday.

Nielsen Says Cumulus Order Illegally Dictates Sale Terms

A Nielsen Co. attorney on Wedensday blasted a federal judge's order that he said dictated the terms of the company's sale of nationwide radio ratings to Cumulus Media, telling a Second Circuit panel that the n... (more story)

Reed Smith Must Hand Ch. 11 Files To Reorganized Eletson

A New York bankruptcy judge has ordered Reed Smith LLP and financial advisers to turn over records from Eletson Holdings Inc.'s Chapter 11 case to the reorganized shipping group and its new owners, finding the... (more story)

Talc Co. Barretts' Creditors Again Call For End Of Its Ch. 11

The unsecured creditors committee in the Chapter 11 case of Barretts Minerals has accused the former talc supplier's parent of not delivering on its promises to fund the proceeding, asserting that this has lef... (more story)

DC Judge Blocks 2nd Trump Naming Effort At Kennedy Center

A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorializ... (more story)

Insurers Can't Nix $195M Opioid Coverage Bid, Trustee Says

Chubb, Liberty Mutual and Lloyd's of London units and other insurers can't get off the hook for covering the remainder of third-party payor opioid lawsuits against Endo International, a representative for a tr... (more story)

Hughes Says Noteholders' Ch. 11 Plan Proposal Is Illegal

Hughes Satellite Inc. asked a Texas bankruptcy judge to strike a noteholder group's motion to terminate its exclusive right to file a Chapter 11 plan, arguing that the group violated the Bankruptcy Code by pub... (more story)

AirBaltic Gets OK To Tap $162M In Ch. 11 Financing

A New York bankruptcy judge Tuesday gave Latvian carrier airBaltic permission to draw on nearly $162 million in Chapter 11 financing, overruling the objections of bondholders who argued they were facing loss o... (more story)

Judge To OK $581M Genesis Ch. 11 Settlement

A Texas bankruptcy judge on Tuesday agreed to approve a settlement valued at $581 million between nursing home operator Genesis Healthcare and its creditors, allowing the debtor to clear another hurdle on its ... (more story)

Ex-Practical Law Content Lead Joins Brithem As Partner

Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

Mid Cap More

Insurers, Retailers Object To Vi-Jon Ch. 11 Plan

Several insurers and major retailers objected to the Chapter 11 plan proposed by private-label dry bath products maker Vi-Jon, arguing that it would impermissibly assign away insurance rights and leaves retail... (more story)

NY Castle Owner Gets OK For Ch. 11 Auction

A New York bankruptcy judge has granted permission to the owner of a century-old mansion that operates as a hotel and event venue on Long Island to hold an auction for the property in late October and seek the... (more story)

Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs ... (more story)

Soda Ash Miner's Ch. 11 Asset Sale Approved In Del.

Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

IRS Snubs NY&Co. Bid For COVID Tax Credits In Ch. 11

Before it can make final distributions to unsecured creditors and close up shop, the trustee liquidating the bankruptcy estate of New York & Co.'s former corporate parent has to collect more than $5 million of... (more story)

Canadian Lumber Co. Seeks US OK For $4.75M Sale In Ch. 15

The foreign representative for lumber and forestry products producer Teal Jones Holdings Ltd. asked the Delaware bankruptcy judge in its Chapter 15 case to sign off on an order and $4.75 million sale the repre... (more story)

Insurance Holding Co. Seeks Ch. 15 For Cayman Liquidation

An intermediate insurance holding company based in the Cayman Islands filed for Chapter 15 protection in New York late Monday to preserve its American assets for the benefit of its creditors.

Qui Tam Suit Shadow Slows ProPhase Unit's Ch. 11 Timeline

A New Jersey bankruptcy judge appeared skeptical Tuesday that the bankrupt COVID-19 testing arm of ProPhase Labs could move forward with its current Chapter 11 plan, delaying a disclosure statement hearing by ... (more story)

Kennedy Center Says Only Trump Name Can Avert Bankruptcy

The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising effort... (more story)

Vanderbilt Minerals Defends Ch. 11 Schedule Amid Trust Row

Former talc miner Vanderbilt Minerals told a New York bankruptcy judge on Monday that it intends to file an amended Chapter 11 plan this week and to seek approval to solicit votes from creditors at a hearing i... (more story)

Expert Analysis

Ch. 11 Ruling Offers A Drafting Guide For 3rd-Party Releases

A recent Puerto Rico bankruptcy court decision in Grupo Hima San Pablo has provided important guidance and a concr... (more story)

Law School's Missed Lessons: Cultivating Good Judgment

Law schools generally overlook the role that solid judgment skills play in real-world practice, but attorneys can ... (more story)

A Lender's Guide To Fraud: Safeguarding Collateral

Recent bankruptcies illustrate that lenders should strengthen credit covenants, collateral field exams and third-p... (more story)