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Wage Class Action Overlooked At Bankrupt Moving App Lugg
The co-founder of online moving service Lugg Inc. failed to alert the company to lawsuits including a proposed class action alleging the startup underpaid workers in California, an oversight that led to legal penalties and a Chapter 11 bankruptcy filing by the Y Combinator-backed venture last week.
Sullivan & Cromwell Cleared Of Any Misconduct In FTX Report
The Chapter 11 examiner appointed in the bankruptcy case of fallen cryptocurrency exchange FTX Trading absolved debtor law firm Sullivan & Cromwell of any conflicts or misconduct related to the business's collapse and restructuring, recommending limited further investigations into discrete matters.
Who's Who On The NJ Bankruptcy Bench, Part 2
Chief U.S. District Judge Renée Marie Bumb said last week that New Jersey saw the second-most Chapter 11 bankruptcy filings in the nation over the last year — up from sixth the year before — with 16% growth in overall filings and a 133% increase in Chapter 11 filings.
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Investment management giant PIMCO told a Pennsylvania federal judge on Friday that it needs more time to study a proposed $5 million settlement between the Consumer Financial Protection Bureau, a Pennsylvania ... (more story)
President Joe Biden secured confirmation of his 200th federal judge Wednesday and has transformed the judiciary by picking more women and people of color than any other president. But the upcoming election sea... (more story)
The parent company of the Bally Sports regional sports networks asked a Texas bankruptcy judge to move back the timetable for confirmation of its Chapter 11 plan by a month, saying it needs more time to reach ... (more story)
Exiled Chinese businessman and purported billionaire Guo Wengui ran legitimate companies in support of a broad movement that opposed the Chinese Communist Party, his attorney told a Manhattan federal jury Frid... (more story)
A New Jersey bankruptcy judge on Friday instructed Rite Aid to file a proposed schedule for its Chapter 11 plan confirmation process by Tuesday, after Johnson & Johnson accused the pharmacy business of draggin... (more story)
Medical Properties Trust Inc. announced Friday that the real estate investment trust has secured a £631 million ($804 million) financing from a group of investors led by real estate investment firm Song Capita... (more story)
The Biden administration has asked the First Circuit to affirm a finding that a government workers' union lacks standing to challenge the constitutionality of the debt ceiling and that its case was further ren... (more story)
This past week in London has seen an IT engineer seek permission to search a landfill hiding a hard drive supposedly storing millions of pounds in bitcoin, Glencore take on legal action by American Century Inv... (more story)
Information technology company ConvergeOne won a Texas bankruptcy judge's blessing Thursday to cut more than $1 billion of debt under a reorganization deal that a group of senior lenders said would unlawfully ... (more story)
The judge overseeing the Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. on Thursday denied a request to vacate an earlier ruling allowing the debtor to estimate the claims of creditors holding dig... (more story)
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Holistic healthcare provider UrgentPoint got approval in Delaware bankruptcy court Friday to use its lenders' cash collateral in its Chapter 11 case, after facing questions from the U.S. Trustee's Office and t... (more story)
In this week’s Off the Bench, the NCAA settles its court dispute with hundreds of thousands of athletes over name, image and likeness compensation, NFL rookie Marvin Harrison Jr. is taken to court over an endo... (more story)
The Manhattan District Attorney's Office has argued that a lawyer for Harvey Weinstein violated ethics rules by publicly accusing one of the movie mogul's alleged rape victims of perjury in an "obvious" attemp... (more story)
California-based Copia Global, which describes itself as an e-commerce platform for the African mass market, has filed for Chapter 7 protection in Delaware bankruptcy court with $45 million in debts.
A Delaware bankruptcy judge said at a hearing Thursday that she would approve a $290 million credit bid sale of Shoes For Crews to its first-lien lenders after no other bidders emerged for the nonslip shoes retailer.
Modell's Sporting Goods' liquidation trust reached a $22.7 million settlement with the company's former CEO Mitchell Modell and several family-owned, real estate-owning affiliates, which would resolve the trus... (more story)
U.S. Bankruptcy Judge David R. Jones of Texas, who resigned last year after his secret relationship with a Jackson Walker LLP partner was revealed, attempted to head off rumors about the relationship by asking... (more story)
Troubled MMA Law Firm PLLC is seeking to stop another firm from representing its bankruptcy creditors, arguing that MMA's principal had previously spoken with the other firm as a prospective client and had sha... (more story)
A D.C. federal judge has entered an injunction barring Rudy Giuliani from repeating lies that two Georgia poll workers meddled with the 2020 presidential election, resolving a second lawsuit the election worke... (more story)
Jackson Lewis PC attorneys were unsure if they were able to keep representing more than a dozen Pennsylvania nursing homes as an unpaid-wage case approaches a critical deadline, telling a federal court during ... (more story)