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Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Behind French Telecom Giant Altice's $22B Ch. 15
Telecom company Altice France SA, unable to keep putting off debt payments and the target of a corruption probe, hit bankruptcy court in France and the U.S. in June with a hard-fought agreement to placate creditors.
Monster.com Hits Ch. 11, Forever 21 Can Liquidate
The company behind Monster.com, a job search website, filed for bankruptcy relief with more than $100 million in liabilities, while Forever 21 received approval of its Chapter 11 liquidation plan and Party City secured a court's permission to send its liquidation plan out for a vote.
Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Behind French Telecom Giant Altice's $22B Ch. 15
Telecom company Altice France SA, unable to keep putting off debt payments and the target of a corruption probe, hit bankruptcy court in France and the U.S. in June with a hard-fought agreement to placate creditors.
Monster.com Hits Ch. 11, Forever 21 Can Liquidate
The company behind Monster.com, a job search website, filed for bankruptcy relief with more than $100 million in liabilities, while Forever 21 received approval of its Chapter 11 liquidation plan and Party City secured a court's permission to send its liquidation plan out for a vote.
Expert Analysis
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Large Cap More
Ten states have won Delaware Court of Chancery clearance to submit a friend of the court brief opposing nationwide asbestos claims trust proposals to purge records linked to tens of thousands of exposure cases... (more story)
Mallinckrodt Pharmaceuticals executives must face investors' claims alleging they concealed signs of the company's impending 2023 bankruptcy and share cancellations, but a New Jersey federal judge pared down a... (more story)
Counsel for semiconductor maker Wolfspeed presented to a Texas bankruptcy judge Tuesday its prepackaged plans to use cash on hand to fund its equity-swap Chapter 11, which would eliminate more than $4 billion ... (more story)
The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding ... (more story)
The U.S. Supreme Court's decision to limit nationwide injunctions was one of its biggest rulings of the term — a finding the court is likely going to be dealing with all summer. Here, Law360 takes a look at th... (more story)
Crypto exchange FTX's Bahamas unit and crypto lender Celsius Network have reached a deal to end Celsius' attempt to claw back $516.6 million transferred out of Celsius accounts just prior to its Chapter 11 filing.
A U.S. Supreme Court ruling over whether personal injury claims can be brought under a RICO statute and a $7.4 billion settlement reached with the Sackler family and Purdue Pharma are among Law360's top person... (more story)
Argentina must give up its 51% equity stake in the nationalized oil company YPF SA to partially pay off a $16.1 billion judgment in a pair of investor lawsuits, a New York federal judge ruled Monday, rejecting... (more story)
Semiconductor maker Wolfspeed Inc. filed for Chapter 11 protection in Texas bankruptcy court Monday with a plan supported by its senior lenders to slash about $4.6 billion of debt and emerge from the insolvenc... (more story)
National pharmacy chain Rite Aid can sell its ice cream brand Thrifty for $19.2 million, more than doubling the opening price of a Chapter 11 auction, after a New Jersey bankruptcy judge on Monday rejected a l... (more story)
Mid Cap More
The judicial mediator appointed to oversee negotiations in the Chapter 11 case of Uphealth Holdings Inc. said mediation talks have stalled because of last minute issues with a party that may be acting in bad faith.
A small Texas residential and commercial solar company has filed for Chapter 7 liquidation in federal court, citing $3.9 million in liabilities.
The federal bankruptcy watchdog moved to dismiss the Chapter 11 case of the property-lease holding subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc. late Monday, saying in Dela... (more story)
A Delaware bankruptcy judge Tuesday sent the Chapter 11 plan of former owner of conservative social media platform Parler out for a creditor vote after the company's ex-CEO said he was satisfied with the infor... (more story)
A New York federal bankruptcy judge refused to let landlord Pinnacle Group's 82 debtor entities use nearly $30 million in cash collateral intended for creditor Flagstar Bank, ruling that the debtors haven't sh... (more story)
A group of states asked a Texas bankruptcy judge to ensure any consumer protection claims tied to home solar loan provider Solar Mosaic's assets will survive the debtor's Chapter 11 sale plans.
A Florida federal bankruptcy judge Monday declined to toss a Chapter 11 adversary lawsuit claim that a lender attempted to take ownership of a prized high-rise lot in downtown Miami through a "usurious" $70 mi... (more story)
From the U.S. Supreme Court ruling in favor of a group of Catholic charities seeking an unemployment tax exemption to the New York Supreme Court ruling on the state's rule governing the application of P.L. 86-... (more story)
Bankrupt New Jersey office building owner Viewstar LLC, owned by New York developer Moshe Gold, informed an Empire State bankruptcy court that it has received a stalking horse bid of $21.5 million from K&K Developers Inc.
Trif & Modugno LLC asked a New Jersey state judge to dismiss Lowenstein Sandler LLP's claims against the firm as part of its legal battle with a cannabis dispensary, saying the claims fail because Lowenstein S... (more story)