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Big Brands To Hit Bankruptcy In 2025 So Far
When packaged-foods giant Del Monte filed for bankruptcy this summer with $1.23 billion in debt, it became another iconic brand to seek relief in bankruptcy court, joining public-facing names such as Claire's and Hooters of America.
What's Happening In Bankruptcy Court This Coming Week
A New York bankruptcy court will consider letting Purdue Pharma collaborate with a nonprofit on a cancer drug. A Delaware bankruptcy judge is slated to hear Monster.com's bid to begin soliciting votes on a Chapter 11 plan. And another bankruptcy judge in Delaware will weigh whether to grant interim approval for the combined plan and disclosure of Heritage Coal's owner.
Under The Radar: Bankruptcy News You May Have Missed
Chipmaker Wolfspeed Inc. plans to sell $87 million in Macom Technology Solutions shares ahead of its expected exit from bankruptcy, a local New York real estate buyer was hit with triple fines for filing at least 22 bankruptcy petitions over two years to delay foreclosures, and Gateway Development Group's chief financial officer and chair must list assets to cover a $51.2 million prejudgment remedy in a derivative suit.
Big Brands To Hit Bankruptcy In 2025 So Far
When packaged-foods giant Del Monte filed for bankruptcy this summer with $1.23 billion in debt, it became another iconic brand to seek relief in bankruptcy court, joining public-facing names such as Claire's and Hooters of America.
What's Happening In Bankruptcy Court This Coming Week
A New York bankruptcy court will consider letting Purdue Pharma collaborate with a nonprofit on a cancer drug. A Delaware bankruptcy judge is slated to hear Monster.com's bid to begin soliciting votes on a Chapter 11 plan. And another bankruptcy judge in Delaware will weigh whether to grant interim approval for the combined plan and disclosure of Heritage Coal's owner.
Under The Radar: Bankruptcy News You May Have Missed
Chipmaker Wolfspeed Inc. plans to sell $87 million in Macom Technology Solutions shares ahead of its expected exit from bankruptcy, a local New York real estate buyer was hit with triple fines for filing at least 22 bankruptcy petitions over two years to delay foreclosures, and Gateway Development Group's chief financial officer and chair must list assets to cover a $51.2 million prejudgment remedy in a derivative suit.
Expert Analysis
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Large Cap More
A Delaware bankruptcy judge on Friday declined to resolve a disagreement on how to interpret a mediated agreement between insolvent satellite business Ligado Networks, AST SpaceMobile Inc. and Viasat Inc. unit... (more story)
Less than six months after emerging from a previous Chapter 11 filing, budget air carrier Spirit Airlines landed back in bankruptcy Friday, this time focusing on streamlining its operations following a debt-fo... (more story)
The U.S. Department of Justice announced Friday that Ramona D. Elliott, deputy director of the U.S. Trustee Program, was appointed its acting director, filling a leadership position that had been vacant since ... (more story)
The Singapore International Arbitration Centre has announced it is kicking off two major initiatives with the launch of an ethics institute, as well as a new mechanism through which parties can seek resolution... (more story)
A New York federal judge has ordered the new owner of international shipping company Eletson to turn over documents requested by competitor Levona as the latter company looks to vacate an allegedly fraudulent ... (more story)
Four individuals have been hit with a proposed class action from an investment advisory firm, accusing them of using purported investments in ATM networks to run a $700 million Ponzi scheme.
Yellow Corp.'s largest public shareholders are ripping the trucking company's fourth attempt at getting a Chapter 11 liquidating plan approved, telling a Delaware bankruptcy judge the newest one would leave "t... (more story)
A Texas bankruptcy judge on Wednesday gave final approval to nursing home operator Genesis Healthcare Inc.'s updated $30 million debtor-in-possession loan and Chapter 11 sale procedures after a three-day heari... (more story)
A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding.
A Texas bankruptcy judge on Wednesday gave final confirmation to Party City's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office, who argued that the plan improperly reduces ad... (more story)
Mid Cap More
Quinn Emanuel Urquhart & Sullivan LLP has urged a Massachusetts federal court to send a dispute over $30 million in legal fees allegedly owed by former client Desktop Metal back to state court to hash out clai... (more story)
Bankrupt pet care app business Wag! Group Co. received court approval Friday from a Delaware judge for its Chapter 11 plan that equitizes the secured debt of its prepetition lenders, while general unsecured cr... (more story)
Online furniture retailer Walker Edison filed for bankruptcy in Delaware to hold a swift Chapter 11 auction and press on with litigation alleging its former owners saddled it with unsustainable debt to fund a dividend.
The chairman, secretary and chief financial officer of bankrupt construction management firm Gateway Development Group Inc. on Thursday asked a Connecticut judge to reconsider a $51.2 million asset freeze dema... (more story)
Founders of cryptocurrency mining firm Rhodium are defending their request for leave to pursue payouts from the company's directors and officers insurance policy, saying an ad hoc group's protests fell flat si... (more story)
A Texas bankruptcy judge gave final approval to $46 million in new money Chapter 11 financing for Maverick Gaming LLC, a company that runs casinos and other gambling venues in three states, and scheduled a Sep... (more story)
A father and son are both seeking two-year sentences from a New York federal court after pleading guilty to fraud related to the development of a Phoenix-area youth sports park with $280 million in investments... (more story)
Faegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility fo... (more story)
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Clinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout... (more story)