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Meet The Attys Guiding Genesis Healthcare' Ch. 11
A team of lawyers from McDermott Will & Emery LLP is leading the bankruptcy case of Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, as the company undergoes a financial restructuring aimed at avoiding any disruption to its thousands of patients and employees.
Monster.com Can Sell Assets, Joann Gets OK To Wind Down
The company behind Monster.com secured the Delaware bankruptcy court's permission to hold asset auctions in its Chapter 11 case. A Texas bankruptcy judge gave Jackson Walker LLP and the U.S. Trustee's Office until Tuesday to mediate a fee dispute stemming from a former bankruptcy judge's secret relationship with an ex-firm partner. And a bankruptcy judge in Delaware approved arts and crafts retailer Joann's Chapter 11 wind-down plan.
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.
Meet The Attys Guiding Genesis Healthcare' Ch. 11
A team of lawyers from McDermott Will & Emery LLP is leading the bankruptcy case of Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, as the company undergoes a financial restructuring aimed at avoiding any disruption to its thousands of patients and employees.
Monster.com Can Sell Assets, Joann Gets OK To Wind Down
The company behind Monster.com secured the Delaware bankruptcy court's permission to hold asset auctions in its Chapter 11 case. A Texas bankruptcy judge gave Jackson Walker LLP and the U.S. Trustee's Office until Tuesday to mediate a fee dispute stemming from a former bankruptcy judge's secret relationship with an ex-firm partner. And a bankruptcy judge in Delaware approved arts and crafts retailer Joann's Chapter 11 wind-down plan.
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.
Expert Analysis
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Large Cap More
A group of judges and bankruptcy experts told a congressional panel Tuesday that a reset is needed for the eligibility cap for Subchapter V bankruptcies and the standards for discharging student loan debt.
A New York bankruptcy judge said Tuesday that he would try to reach a decision quickly on cryptocurrency exchange Gemini's motion to enforce a settlement it reached last year with bankrupt former cryptocurrenc... (more story)
Lowenstein Sandler LLP announced this week that a New Jersey bankruptcy partner who helped build the practice group into a nationwide force in sexual abuse-related bankruptcies will serve as co-chair.
Bankrupt solar panel giant Sunnova has asked a Texas bankruptcy court for permission to pay up to $7 million in cash incentives to its top executives, contingent on securing higher sale proceeds than its stalk... (more story)
Reed Smith has asked the Second Circuit to again step in and block new owners of reorganized Greece-based international shipping company Eletson from viewing communications between the firm and the company's p... (more story)
Insolvent trucking company Yellow Corp. has urged the Delaware bankruptcy court to approve $6.85 million worth of trucking terminal sales, as the debtor works to craft a new Chapter 11 plan and distribute its ... (more story)
Steward Health, a former multistate hospital operator, urged a Texas bankruptcy judge Monday to confirm its Chapter 11 liquidation plan despite objections to how it tallied votes and its plans to pay administr... (more story)
The plan administrator running the wind down of cryptocurrency lending platform BlockFi Inc. and the U.S. Department of Justice agreed to end two years of litigation over the government's efforts to recover $3... (more story)
Two former Binance employees named as defendants in a $1.76 billion clawback suit brought by FTX in Delaware bankruptcy court have asked to be dismissed from the case, saying the court has no personal jurisdic... (more story)
Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, can access $12 million of a $30 million Chapter 11 financing package, a Texas judge ruled Friday over the o... (more story)
Mid Cap More
Heritage Coal, together with its former owner and general manager, has agreed to dismiss a lawsuit it brought against them in Delaware bankruptcy court to try to invalidate liens the ex-executives put on its assets.
The estate of One Table Restaurant Brands LLC, the former operator of casual restaurant chain Tender Greens and Mexican eatery Tocaya, defended its bid to dismiss its Chapter 11 case after the U.S. Trustee's O... (more story)
Resort developer SilverRock has asked the Delaware bankruptcy court for permission to hold an auction for its real estate assets in Southern California to see if the company could fetch a better offer through ... (more story)
Sustainability-focused financial services company Aspiration Partners Inc. asked a Delaware bankruptcy judge to convert its insolvency case to a Chapter 7, saying it has sold off its assets, doesn't have the f... (more story)
Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 ... (more story)
The U.S. Trustee's Office objected late Thursday to the retention of Cullen and Dykman LLP as counsel for bankrupt government information technology contractor Sysorex Government Services Inc. in the company's... (more story)
A Floridian who owes the federal government nearly $28 million, plus penalties and interest, must repatriate funds held in two Bahamian trusts kept in his name and that of his children, the government told a F... (more story)
Dolphin encounter company Leisure Investments Holdings LLC told a Delaware bankruptcy court that its former executives ignored the court's order to submit the debtor's business records, therefore it should imp... (more story)
Defunct telehealth provider Better Therapeutics Inc. has reached a roughly $1 million settlement with a shareholder to end a Delaware Chancery Court suit challenging its take-public merger, according to court filings.
Longtime Florida bankruptcy Judge Laurel M. Isicoff says that one of the great things about being a bankruptcy judge is the ability to give second chances to those who earned them.