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Police Union In Ch. 11 During Sexual Harassment Case Appeal
A national police union affiliated with the AFL-CIO appeared in Florida bankruptcy court Wednesday as it seeks a breathing spell to prosecute an appeal of a $2.25 million judgment in a sexual harassment lawsuit against it and other union defendants.
Spirit Airlines' Turbulent Journey Through Chapter 22
Just 14 months after Spirit Airlines received a New York bankruptcy judge's approval for a debt-equity swap Chapter 11 plan in an earlier case, the budget airline is heading to court again Thursday to defend its disclosure statement for a new plan and move toward a second reorganization.
4 Bankrupt Cos. Bringing In Cases For Landing
Four Chapter 11 cases saw filings in the last week that put them on the path toward plan confirmation, spanning the transportation, energy, retail and entertainment industries. Some will be liquidating, others will be reorganizing, but they are all making progress toward case resolution.
Large Cap More
Insurer MBIA Inc. asked a Connecticut federal judge to end a lawsuit tied to Puerto Rico's bankruptcy, the U.S. Trustee's Office opposed Inspired Healthcare's bid for mediation, and a New York federal judge ni... (more story)
Bankrupt auto parts maker First Brands Group asked a Texas court to extend the window during which it has the exclusive right to file a Chapter 11 plan, saying it spent months in mediation negotiating a settle... (more story)
Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday... (more story)
Lowenstein Sandler LLP recently launched a Delaware office by bringing on Christopher A. Ward, who previously co-chaired Polsinelli’s bankruptcy practice, to lead and expand the office. Here, he tells Law360 P... (more story)
The court-ordered process of getting tariff refunds into the pockets of American companies began this week, but the unprecedented situation has left restructuring professionals reeling with unanswered question... (more story)
A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents miss... (more story)
Imprisoned FTX founder Sam Bankman-Fried has told a New York federal judge that, although his attorney parents made suggestions regarding his motion for a new trial, he wrote the brief himself, but now wants t... (more story)
A New York bankruptcy judge on Wednesday allowed the joint liquidators of Prince Global Holdings, the debtor at the center of a massive alleged Cambodian fraud and human trafficking ring, to begin gathering in... (more story)
Investors in Argentina's largest oil and gas exploration company confirmed to a New York federal judge Tuesday that they will pursue arbitration in their $16 billion fight with the country, and are now seeking... (more story)
Radio giant Cumulus Media has told the Second Circuit that Nielsen helped contribute to the broadcaster's bankruptcy earlier this year by tying sales of its national radio ratings data to sales of its local of... (more story)
Mid Cap More
The Delaware Chancery Court has recommended dismissing a former Honeywell executive's bid to force the company to cover his legal bills tied to Russian proceedings, finding that he failed to follow key contrac... (more story)
Bankrupt dine-in movie theater chain iPic Theaters LLC has received a $6 million offer for its assets from Cinemex, a competitor aiming to supplant stalking horse bidder Star Grill Cinema Inc.
A New York judge has agreed to appoint a Chapter 11 trustee to take over the estate of bankrupt personal injury firm Munawar Law Group PLLC following an examiner's report showing that the firm's principal may ... (more story)
Avenger Flight Group, an insolvent flight training provider, said Thursday that it has reached an agreement in principle with bankrupt carrier Spirit Airlines that would both settle past claims and continue tr... (more story)
A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business ri... (more story)
Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganizat... (more story)
A Texas bankruptcy judge Wednesday signed off on the Chapter 11 liquidation plan of Cajun food chain Razzoo's, months after the debtor sold its assets for more than $18 million to a Dallas-based restaurant developer.
A New York bankruptcy judge on Wednesday overruled creditor objections to approve a settlement between Vanderbilt Minerals and its parent company to pave the way for an asset sale in the former talc miner's Chapter 11 case.
A Texas bankruptcy judge on Wednesday agreed to put on hold a lawsuit in California federal court alleging Jackson Walker LLP and executives at Sorrento Therapeutics and M3 Partners conspired to forum shop in ... (more story)
A Delaware bankruptcy judge Wednesday declined to override SilverRock Development's Chapter 11 timeline but cautioned that secured creditors' persistent concerns about a proposal to divvy up property sale proc... (more story)