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How The Effects Of An IP Suit Loss Led Iovate To Bankruptcy
Iovate Health Sciences, a Canadian supplement maker known for manufacturing the diet pill Hydroxycut, unraveled quickly and wound up in bankruptcy court as a result of cascading effects from a $12.5 million litigation loss.
Judge Grossman Rejoins Duane Morris As Of Counsel
U.S. Bankruptcy Judge Robert E. Grossman has rejoined Duane Morris LLP as of counsel in the firm's business reorganization and financial restructuring practice in New York, where he was a partner before his appointment to the bench, the firm announced Monday.
Sale Plan Standoff Led Worldwide Machinery Into Ch. 11
A dispute with a secured lender over competing sale plans prompted Worldwide Machinery, a construction equipment sale and rental company, to file for Chapter 11 protection, with pandemic-related economic pressures and a heavy debt load compounding its problems.
How The Effects Of An IP Suit Loss Led Iovate To Bankruptcy
Iovate Health Sciences, a Canadian supplement maker known for manufacturing the diet pill Hydroxycut, unraveled quickly and wound up in bankruptcy court as a result of cascading effects from a $12.5 million litigation loss.
Judge Grossman Rejoins Duane Morris As Of Counsel
U.S. Bankruptcy Judge Robert E. Grossman has rejoined Duane Morris LLP as of counsel in the firm's business reorganization and financial restructuring practice in New York, where he was a partner before his appointment to the bench, the firm announced Monday.
Sale Plan Standoff Led Worldwide Machinery Into Ch. 11
A dispute with a secured lender over competing sale plans prompted Worldwide Machinery, a construction equipment sale and rental company, to file for Chapter 11 protection, with pandemic-related economic pressures and a heavy debt load compounding its problems.
Expert Analysis
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A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a co... (more story)
Large Cap More
Delaware firm Morris James LLP on Thursday celebrated its move to a new headquarters in a 12-story building in north Wilmington, a relocation that firm leaders said is aimed at best meeting attorney and client... (more story)
Tricolor Holdings, a company that provides car loans to low-income buyers, has tapped a lawyer from Sidley Austin LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from McDermott Will & Sch... (more story)
A New York federal judge on Thursday denied a bid by Venezuela's state-owned oil company to refuse enforcement of some $2 billion in defaulted bonds, finding after an "exhaustive review of Venezuelan law" that... (more story)
The trustee of bankrupt "anti-woke" financial technology startup GloriFi on Wednesday launched malpractice litigation against Winston & Strawn LLP in Texas bankruptcy court, accusing the firm and one of its ma... (more story)
The Second Circuit on Wednesday declined Reed Smith LLP's emergency request to block the turnover of client files created amid its representation of Greece-based shipping company Eletson Holdings prior to an O... (more story)
Troubled investment platform Linqto has asked a Texas bankruptcy judge to approve a settlement with customers that would offer them a version of the exposure to private startups the company purported to sell b... (more story)
A group of asbestos claimants has asked the full Fourth Circuit to reconsider a panel's ruling that Georgia-Pacific asbestos unit Bestwall could stay in Chapter 11 despite its parent being solvent, saying the ... (more story)
A New York bankruptcy judge Wednesday approved a nearly $3 million incentive program for Purdue Pharma's chief executive after he agreed to reduce his total compensation by $500,000.
Yale New Haven Health Services Corp., Connecticut's largest hospital system, has reached a settlement in principle with bankrupt Prospect Medical Holdings Inc. that would resolve a $435 million contract disput... (more story)
The Third Circuit has rejected Yellow Corp.'s appeal of a bankruptcy court decision on pension liability in its Chapter 11 case, saying Tuesday that the trucking company's pension funds are correct in their ca... (more story)
Mid Cap More
The Chapter 11 plan administrator for shuttered discount retailer Stage Stores has asked a Texas bankruptcy court to approve a settlement that would allow a $1.5 million priority unsecured claim and resolve la... (more story)
Insurers for Frontier Communications had a duty to defend the telecommunications company against copyright infringement claims that were ultimately settled, a Delaware state court ruled in a recently unsealed ... (more story)
A California cheesemaker has filed for Chapter 11 protection in California bankruptcy court after listeria contamination closed down its operations for more than 16 months and left the company facing more than... (more story)
A Texas bankruptcy judge on Wednesday approved the Chapter 11 liquidation plan of fracking and oil drilling services group Nitro Fluids LLC after lackluster asset marketing results forced a pivot in its bankruptcy strategy.
A New York bankruptcy judge on Wednesday approved the $22 million credit bid sale of bankrupt biopharmaceutical company Seelos Therapeutics after hearing the buyer had agreed to add another $100,000 in cash to its offer.
Orthopedic implant-maker Exactech Inc. agreed to pay $8 million to resolve allegations it marketed and sold faulty components of its knee-replacement systems that were to be used on patients on Medicare, Medic... (more story)
Trinity Broadcasting Network told a Texas bankruptcy judge on Tuesday that the Chapter 11 case of Dr. Phil McGraw's Merit Street Media was filed in bad faith as a way to escape some debts while keeping the ass... (more story)
Former Bankruptcy Judge David R. Jones wants out of a lawsuit claiming his secret romance scandal infected the restructuring of life insurance bond seller GWG Holdings Inc., arguing that he's clearly protected... (more story)
The Ninth Circuit threw out an appeal of an Arizona bankruptcy court order that reinstated a stay of state court litigation between a mother and daughter, finding that a lower court erred in hearing the case.
More than 30,000 individuals who elected to pursue arbitration rather than sign on to a proposed class settlement over a data breach at 23andMe are urging a Missouri bankruptcy judge to reject the DNA testing ... (more story)