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What's Happening In Bankruptcy Court This Coming Week
Kidde-Fenwal is asking to send its Chapter 11 plan to creditors for a vote, despite steadfast objections from states who say the firefighting foam maker hasn't given enough information on releases in its latest disclosure statement.
Meet The Attys Guiding EdTech Co. Anthology's Ch. 11
Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of business and executing a restructuring agreement.
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
What's Happening In Bankruptcy Court This Coming Week
Kidde-Fenwal is asking to send its Chapter 11 plan to creditors for a vote, despite steadfast objections from states who say the firefighting foam maker hasn't given enough information on releases in its latest disclosure statement.
Meet The Attys Guiding EdTech Co. Anthology's Ch. 11
Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of business and executing a restructuring agreement.
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
Expert Analysis
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Large Cap More
Investment platform Linqto received a Texas bankruptcy judge's approval for a novel Chapter 11 settlement with customers that would offer them a version of the exposure to private startups the company purporte... (more story)
In the latest settlement with Jackson Walker over a former partner's secret romance with an ex-bankruptcy judge, the litigation trustee for defunct life insurance bond settler GWG Holdings Inc. reached a $405,... (more story)
Jones Walker LLP has hired an attorney who formerly operated her own litigation boutique to bolster the firm's bankruptcy and restructuring team and its capacity to handle various types of insolvency and commercial matters.
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A group of bondholders Thursday urged a Texas federal judge not to throw out its suit over a former Jackson Walker LLP partner's secret romance with a bankruptcy judge, arguing that the firm "has a problem wit... (more story)
A film company owned by a trial lawyer this week lost its lawsuit accusing Netflix Inc. of infringing a copyright in its documentary about sexual abuse in the Boy Scouts of America, with a New Jersey federal j... (more story)
A New York bankruptcy judge denied a Brazilian telecommunications company's request to terminate the Chapter 15 recognition of a restructuring proceeding in its home country, a day after its board and manageme... (more story)
The official committee of unsecured creditors in the Chapter 11 of wind turbine blade maker TPI Composites has brought an adversary action against the debtor in Texas bankruptcy court, alleging a prepetition u... (more story)
The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his o... (more story)
A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and reg... (more story)
Mid Cap More
A Texas bankruptcy judge on Friday rejected Stoli Group USA's Chapter 11 plan, saying the vodka maker's proposal to pay off $78 million in secured debt with 35,000 barrels of unfinished bourbon is unfeasible i... (more story)
A Delaware bankruptcy judge has ruled that $885,000 in refunded insurance premiums are property of the liquidation trust created under the Chapter 11 plan of BurgerFi International, finding those assets were s... (more story)
Image Locations Inc., a company that helps movie and television productions rent space to film, filed for small-business Chapter 11 in California bankruptcy court, saying it needed protection from lenders whic... (more story)
Cajun restaurant chain Razzoo's Inc. said Friday that it will consider competing offers for debtor-in-possession financing after its prepetition lender submitted a new proposal, and asked a Texas bankruptcy co... (more story)
A New Jersey bankruptcy judge has approved Atlantic City timeshare business Flagship Resort Development's Chapter 11 liquidation plan, overriding objections to the plan's liability releases.
Former crypto platform Celsius said creditors who placed Mawson Infrastructure into bankruptcy in Delaware should ensure that an Australian liquidator whose appointment they pushed for is removed before the bi... (more story)
A Texas bankruptcy judge has appointed a Chapter 11 trustee in the bankruptcy of Eventide Credit Acquisitions following a request from the official committee of unsecured creditors.
Cajun restaurant chain Razzoo's filed for Chapter 11 protection in Texas bankruptcy court, citing consumer shifts since the COVID-19 pandemic began that have led to financial distress and made it necessary for... (more story)
The owner of the Brooklyn Mirage music venue has proposed a settlement with its creditors' committee that will oust its current owner and pay unsecured creditors $3.3 million, allowing a sale of assets to a pr... (more story)
A New Jersey bankruptcy judge has ruled that a Chapter 13 debtor has the "absolute" right to have his bankruptcy case voluntarily dismissed, even if it was filed in bad faith, an issue not yet decided by the U... (more story)