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Bankruptcies Sweep Home Solar Industry, But Not Like Before
A confluence of elevated interest rates, state energy policies and the possible end of federal tax incentives have combined over the last year to take the air out of what had been a rapidly inflating residential solar power industry.
23andMe Sale Nears Ruling, Tariff Policies Drive Bankruptcy
A Missouri bankruptcy judge said he will soon rule on the proposed $305 million sale of 23andMe to a nonprofit led by its co-founder. Meanwhile, shifting tariff policies under President Donald Trump have been blamed for recent bankruptcies, and experts at a conference in New York discussed the future of Chapter 11 and how a second Trump term could shape bankruptcy law.
Tariffs Are Causing Bankruptcies, And A New DIP Covenant
From a small Canadian clothing retailer to a global auto parts maker, at least four companies placed the blame for their recent bankruptcies squarely on America's new tariff regime, with one even adding a tariff-specific covenant to its post-petition financing deal.
Bankruptcies Sweep Home Solar Industry, But Not Like Before
A confluence of elevated interest rates, state energy policies and the possible end of federal tax incentives have combined over the last year to take the air out of what had been a rapidly inflating residential solar power industry.
23andMe Sale Nears Ruling, Tariff Policies Drive Bankruptcy
A Missouri bankruptcy judge said he will soon rule on the proposed $305 million sale of 23andMe to a nonprofit led by its co-founder. Meanwhile, shifting tariff policies under President Donald Trump have been blamed for recent bankruptcies, and experts at a conference in New York discussed the future of Chapter 11 and how a second Trump term could shape bankruptcy law.
Tariffs Are Causing Bankruptcies, And A New DIP Covenant
From a small Canadian clothing retailer to a global auto parts maker, at least four companies placed the blame for their recent bankruptcies squarely on America's new tariff regime, with one even adding a tariff-specific covenant to its post-petition financing deal.
Expert Analysis
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to que... (more story)
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of m... (more story)
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use o... (more story)
Large Cap More
France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of th... (more story)
A Texas mass tort attorney who filed for bankruptcy allegedly owing hundreds of millions of dollars to litigation funders agreed to shift his Chapter 11 case to a Chapter 7 liquidation, putting to rest the U.S... (more story)
A Delaware bankruptcy judge on Tuesday approved fast-fashion retailer Forever 21's Chapter 11 plan that would liquidate the debtor's remaining assets, after the debtor, key creditors, and unsecured creditors c... (more story)
Attorneys representing consulting firm Berkeley Research Group told a Vermont bankruptcy judge Tuesday that the company is continuing its internal investigation and analysis of information stolen in a March cy... (more story)
Furniture and decor retailer At Home has called on attorneys from Young Conaway Stargatt & Taylor LLP and Kirkland & Ellis LLP to see it through a Chapter 11 aimed at eliminating most of its roughly $2 billion... (more story)
Reed Smith should not be allowed to halt court proceedings amid its effort to hold onto a client file sought by postbankruptcy owners of Eletson Holdings Inc., a reorganized international shipping company, ami... (more story)
The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly i... (more story)
Bankrupt talc producer Imerys Talc America has filed an updated Chapter 11 plan that contemplates the dismissal of its Italian affiliate from the case, noting that skepticism from a Delaware bankruptcy judge a... (more story)
Semiconductor manufacturer Wolfspeed Inc. said it plans to file for Chapter 11 bankruptcy in the near future as part of a restructuring plan to reduce its total debt by approximately 70%, which is approximately $4.6 billion.
Flagstar Bank is urging a New York bankruptcy court not to let a New York City landlord's 82 entities use almost $30 million of the bank's collateral for other purposes, such as administrating their Chapter 11... (more story)
Mid Cap More
A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn ... (more story)
A group of current and former Maryland prison inmates asked a Texas bankruptcy judge to find the Chapter 11 plan of prison healthcare provider Tehum Care Services does not put a stop to lawsuits against the co... (more story)
Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021... (more story)
A Florida bankruptcy judge said Tuesday he will turn over management of Silver Airways' Chapter 11 to a court-appointed trustee, finding the airline's abrupt shutdown earlier this month and the handling of the... (more story)
A Texas bankruptcy judge on Tuesday conditionally approved Stoli Group USA's disclosure statement for its Chapter 11 plan, letting the U.S. arm of vodka maker Stoli take votes on a reorganization deal after th... (more story)
The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up.
A Delaware bankruptcy judge said Monday she will grant insolvent mining operation Heritage Coal permission ahead of a follow-up hearing to sell its assets to bidders collectively offering more than $21 million... (more story)
A subsidiary of electric vehicle company Charge Enterprises has urged a Delaware bankruptcy judge to award compensatory and punitive damages of at least $3.5 million for the harm it suffered from an involuntar... (more story)
Delaware firm Richards Layton & Finger PA announced Monday that bankruptcy attorney Paul N. Heath has been elected to serve as its next president starting July 1 and will be joined on the firm's leadership tea... (more story)
A New York bankruptcy judge on Monday granted Canadian clothing retailer Oak and Fort Corp. provisional protections in its Chapter 15 case while the debtor awaits recognition of its foreign insolvency as the p... (more story)