LIV Golf filed for Chapter 11 protection in New Jersey with more than $500 million in debt. Electric motor manufacturer Reuland Electric Co. and its parent company filed for bankruptcy, citing a deteriorating relationship with a lender. A real estate developer that formerly proposed an Islamic community center near the World Trade Center site in Lower Manhattan filed for Chapter 11 with about $14 million in debt.
A group of attorneys from Young Conaway Stargatt & Taylor LLP and Cooley LLP is representing artificial intelligence-powered drug company BioXcel Therapeutics Inc. in its Chapter 11 case.
Silicon Valley Bank's former parent company lost its yearslong efforts to force the Federal Deposit Insurance Corp. to return $1.7 billion it seized. A Delaware bankruptcy judge questioned whether HSF Kramer's previous work for creditors disqualifies it from guiding a West Virginia coal plant through its Chapter 11 proceeding. And multiple debtors secured confirmation of plans in complex Chapter 11 cases.