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CVS' Omnicare Gets OK For $250M Ch. 11 Sale

A Texas bankruptcy judge Wednesday approved the $250 million sale of Omnicare, the bankrupt long-term care facility pharmacy unit of CVS, to the stalking horse for its Chapter 11 auction.

Spirit Employees File WARN Act Suit in Ch. 11

Laid-off employees of Spirit Airlines have filed a putative class action against the debtor, demanding two months' pay and benefits following Spirit's abrupt shutdown and the loss of their jobs.

First Brands Can Sell Molding Co. For $80M In Ch. 11

First Brands secured a Texas bankruptcy judge's sign-off Wednesday on the $80 million sale of Toledo Molding & Die, a deal that is expected to preserve 600 jobs and help the troubled auto parts group pay down its debt.

FTX Trust Says Crypto Hedge Fund Owes $84M

The recovery trust of defunct cryptocurrency exchange FTX has called a crypto hedge fund's $200 million claim "frivolous," countering that it is the hedge fund that owes the estate $84 million for a line of cr... (more story)

Del Monte Defends Ch. 11 Plan Against Lenders' Objection

Del Monte Foods defended its Chapter 11 liquidation plan at a confirmation hearing Tuesday in New Jersey, arguing that, despite what a group of lenders has said, the debtor ran a transparent bankruptcy process... (more story)

White & Case Seeks Contempt In Modivcare Ch. 11 Fee Spat

White & Case said Modivcare Inc. should be held in contempt for not moving $1.6 million to a Texas bankruptcy court escrow, intensifying a fight over fees the law firm racked up representing unsecured creditor... (more story)

NextEra Cuts $9.5M Deal In Nuclear Power Wage-Fixing Case

NextEra Energy has agreed to shell out $9.5 million to put to rest proposed class action allegations it conspired with other nuclear energy producers to fix wages, according to a notice filed Tuesday in Maryla... (more story)

Fox Rothschild Adds Trial Partner From Nelson Mullins In Fla.

Fox Rothschild LLP has expanded its litigation department in West Palm Beach, Florida, with a new partner from Nelson Mullins Riley & Scarborough LLP.

Inspired Healthcare Sews Up Retention Spat With Latest Order

Inspired Healthcare said it resolved the remaining opposition to its bid to retain Reid Collins & Tsai LLP to help investigate pre-Chapter 11 causes of action, saying the latest version of its retention order ... (more story)

Ch. 15 Stay Halts Hearing In Asbestos Corp. Injury Suits

A New York bankruptcy judge Monday blocked a South Carolina state court evidentiary hearing in two personal injury lawsuits against Asbestos Corp. Ltd., finding the automatic stay of the company's bankruptcy c... (more story)

Mid Cap More

NJ Event Venue's Ch. 11 Should Be Ch. 7, Lender Says

Bogota Savings Bank has urged a New Jersey bankruptcy judge to convert to a liquidation or throw out the Chapter 11 case of the company behind an event venue called The Chariot, arguing that more than a year i... (more story)

IronNet Secures Funds To Complete Ch. 11, Ducks Dismissal

IronNet has begun to receive funding that will allow the cybersecurity firm to officially close its Chapter 11 case and resolve a bid to toss or convert the proceeding, more than two years after the debtor rec... (more story)

NHL's Blackhawks Challenge Fintech's Sponsor Deal In Ch. 11

The Chicago Blackhawks have told the Delaware bankruptcy court the hockey team needs more information about a potential buyer if troubled crypto financial technology firm Blockfills assigns a sponsorship deal ... (more story)

Tariff Refund Sale Bid Hits Diligence Snag In Retailer's Ch. 11

A bankrupt furniture retailer told a Delaware bankruptcy judge Tuesday it needed to delay its proposed sale of tariff refund rights because the potential buyer has not been able to access a government database... (more story)

Spanish Broadcasting Gets Approved For $7M In DIP Funding

A Delaware bankruptcy judge on Tuesday gave radio station operator Spanish Broadcasting System Inc. interim access to $7 million of its proposed $30 million postpetition financing package and set a confirmatio... (more story)

NYC Loft Owner Closes Stormy Ch. 11 With Sale To Lender

A New York bankruptcy judge Tuesday gave the owner of a Manhattan loft permission to hand the property over to its mortgage lender and wind down its business, and congratulated the parties for concluding a con... (more story)

NY Nursing Home Co. Gets Pause On Ch. 11 Conversion Bid

A New York bankruptcy judge Tuesday ordered a two-week standstill to litigation in the Chapter 11 case of nursing home group Cold Spring Acquisition LLC to give the debtor and unsecured creditors time to negot... (more story)

YesCare Can't 'Flee' Texas For Florida Ch. 11, Creditors Say

YesCare, the bankrupt affiliate of prison healthcare company Tehum Care Services, is facing a lawsuit seeking to transfer its case from Florida to Texas, with a wind-down officer of Tehum, who is a trustee for... (more story)

Spanish Broadcasting Hits Ch. 11 With $240M Debt-Swap Plan

Radio station operator Spanish Broadcasting System Inc. filed for Chapter 11 protection Monday in Delaware bankruptcy court with a plan to hand control of the company to its noteholders and trim $240 million in debt.

DEMAR Gets Bankruptcy Stay Pending Chapter 15 Case

A Texas bankruptcy judge on Monday agreed to grant a stay to a Mexico-based marine oil rig service company, freezing two pending lawsuits against its U.S. assets until a Chapter 15 recognition hearing next month.

Expert Analysis

4 Emerging Approaches To AI Protective Order Language

Over the last year, at least five federal district courts have issued or analyzed specific protective order provis... (more story)

GCs Can Read Debt Cycles To Spot Risk, Opportunity

With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic envir... (more story)

2 AI Snafus Show Why Attys Can't Outsource Judgment

The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial ... (more story)