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Visual media giant Getty Images filed for Chapter 11 to go private. A rural telecommunications group filed for bankruptcy protections after high construction costs derailed expansion projects, and creditors placed an indirect U.S. subsidiary of petrochemical group Braskem into Chapter 11.
Photo archive owner Getty has tapped Cole Schotz PC and Simpson Thacher & Bartlett LLP to guide it as the debtor's Chapter 11 case develops.
Visual media and stock image company Getty Images received approval for its debtor-in-possession financing in its first-day hearing. State attorneys general asked the U.S. Supreme Court to hear a challenge to "Texas two-step" bankruptcies. Linqto was allowed to tweak its confirmed Chapter 11 plan to bring in a new liquidating trustee after filing an adversary proceeding against the original trustee.
Chinese real estate developer Logan Group on Tuesday received Chapter 15 recognition in a Texas bankruptcy court for its Hong Kong insolvency case, paving the way for the company and its foreign representative... (more story)
A Texas bankruptcy judge Tuesday approved alcohol distributor Republic National Distributing's Chapter 11 liquidation plan, overruling arguments from the U.S. Trustee's Office that the plan contained nonconsen... (more story)
A Texas bankruptcy judge Tuesday authorized pharmacy services provider Omnicare LLC to tweak its asset purchase agreement and transition services agreement and approved a third amendment to its $110 million de... (more story)
A New York bankruptcy judge Tuesday granted Chapter 15 recognition of the insolvency proceeding for construction conglomerate Andrade Gutierrez Engenharia in its home country of Brazil, clearing the way for a ... (more story)
Bankrupt pool supply company Leslie's Inc. on Tuesday received approval to shorten the notice period for objecting to its Chapter 11 plan disclosure statement by seven days as the company works toward securing... (more story)
Nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law, the Second Circuit ruled Tuesday.
A New Jersey bankruptcy judge Monday signed off on a $13 million settlement between unsecured creditors of former summer camp operator SIMAD Holdings and its biggest secured lender, despite the IRS' objection to the deal.
The U.S. Bankruptcy Court for the District of Delaware has announced its judges will be conducting remote hearings for all first-day motions.
The Archdiocese of New York has reached an $800 million settlement to resolve about 1,200 outstanding claims of child sexual abuse.
Papaya Gaming Ltd. can continue paying its ordinary business expenses in the U.S., but the mobile game company must transfer funds from its Israeli bank accounts in advance to ensure creditors including Skillz... (more story)
Bankrupt health-focused restaurant chain True Food Kitchen received court approval in Texas on Tuesday for a slate of relief on a final basis, including motions seeking to pay the prepetition claims of vendors... (more story)
Book distributor Baker & Taylor can begin soliciting creditors' votes for its Chapter 11 liquidation plan ahead of a confirmation hearing in December, a New Jersey bankruptcy judge said Tuesday.
Grocery delivery giant HelloFresh has appealed a New Jersey bankruptcy judge's decision to confirm food kit service FreshRealm Inc.'s Chapter 11 plan, saying the appellate case turns on whether the plan improp... (more story)
A Delaware bankruptcy judge Tuesday gave the nod to private-label dry bath products maker Vi-Jon to solicit votes on its Chapter 11 plan, overruling insurer objections that the plan would impermissibly assign ... (more story)
Boutique fitness studio operator and self-described "sport lifestyle" company FitLab Inc. has filed for Chapter 11 protection in Delaware with more than $100 million in liabilities.
The Chapter 7 trustee of Lucky Bucks Holdings LLC reached a settlement with the company's former gaming terminal operating subsidiary to split the proceeds of ongoing litigation over $200 million in disputed d... (more story)
An Australian creditor that helped force cryptocurrency miner Mawson Infrastructure Group Inc. into bankruptcy has urged the U.S. Bankruptcy Court for the District of Delaware to reject the company's bid to ho... (more story)
A Tennessee federal judge has denied an attempt by the chief executive of a whiskey maker to block asset sale efforts by the company's receiver pending an appeal of the court's decision to keep the receivership in place.
North Carolina's highest court has ruled that the automatic stay of a man's bankruptcy extended the deadline for a South Carolina real estate rental company to collect a debt he owed it, reversing a lower stat... (more story)
MS Amlin has denied that it owes $2.6 million to the owner of a vessel that ran aground in the Solomon Islands, saying it's not liable for legal costs linked to a $47 million arbitration award that a now-insol... (more story)
Michael Ott
The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attor... (more story)
Kenneth Rosen
A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)
Rob Pinson and Tim Anzenberger
As the U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, confronts an unprecede... (more story)