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Expert Analysis

5 Critical Changes Coming To Bankruptcy Rule 3002.1

Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 tak... (more story)

What 2 Profs Noticed As Transactional Law Students Used AI

After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, w... (more story)

Law School's Missed Lessons: Negotiation Skills

I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, whe... (more story)

Large Cap More

Family Alleging Firm's Girardi Conflict Denied Partial Win

A Los Angeles judge Tuesday denied a family's motion seeking judgment on declaratory relief claims in a $1.8 million malpractice lawsuit against a firm that represented it in recovering millions lost in Girard... (more story)

Prospect Medical Says Yale Deal Is Top Offer For Hospitals

Hospital operator Prospect Medical Holdings Inc. has asked to assume a $435 million pre-bankruptcy agreement to sell its three Connecticut hospitals to Yale New Haven Health Services Corp., arguing it contains... (more story)

Madoff Trustee Inks $15M Deal With Legacy

The liquidator for Bernie Madoff's estate has asked for a New York bankruptcy court's signoff to settle two adversary proceedings with Legacy Capital Ltd. and other investors for $15 million.

Sunnova's $118M Sale Can Proceed Despite Bank's Protest

A Texas bankruptcy judge Tuesday declined to undo a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., rejecting a St. Louis-area bank's argument that the deb... (more story)

Linqto Says Ch. 11 Plan Will Have In-Kind Customer Payment

Linqto and its unsecured creditors committee told a Texas bankruptcy judge Tuesday that they have come to an agreement to give customers the chance for in-kind payment in the investment platform's Chapter 11 plan.

Catching Up With Delaware's Chancery Court

Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmak... (more story)

Six Firms Get $146M In Fees In Boy Scouts Ch. 11

A Delaware bankruptcy judge has approved more than $146 million in fees sought by six law firms in Boy Scouts of America's Chapter 11, overruling a request from the U.S. Trustee's Office to trim $3.3 million off the bills.

NY Judge Questions Brazilian Co. Oi's Ch. 15-To-Ch. 11 Shift

A New York federal bankruptcy judge expressed concerns about a Brazilian telecommunications company's novel plans to undo Chapter 15 recognition of a restructuring proceeding in its home country so it can file... (more story)

Court Sets Mediator For Prima Wawona Ch. 11 Claims Fight

A Delaware bankruptcy judge appointed a former bankruptcy judge and Skadden attorney to mediate a dispute between the liquidating trustee for fruit producer Prima Wawona and an entity that backed workers comp ... (more story)

Burr & Forman Must Face Claims From Healthcare Scheme

A Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of ... (more story)

Mid Cap More

PE Firm Hit With Contempt, Receiver In Del. Over Legal Bills

A magistrate in the Delaware Chancery Court has entered an order for contempt and sanctions, as well as a receivership, against private equity firm 777 Partners in its former chief financial officer's suit see... (more story)

Texas Recycling Biz Can Tap $52M In Ch. 11 Financing

A Texas bankruptcy judge Tuesday gave a company that recycles chemicals and batteries interim approval to use $52 million of debtor-in-possession financing to fund its Chapter 11 case, but pumped the breaks on... (more story)

Judge To Confirm Scanrock's Ch. 11 Plan After Settlement

A Texas bankruptcy judge on Tuesday conditionally confirmed the Chapter 11 plan of hydrocarbon driller Scanrock Oil & Gas, after the debtor resolved objections from parties including an ad hoc group, certain c... (more story)

Solar Biotech Committee, Lender Get OK On Ch. 11 Claim Deal

A Delaware bankruptcy judge has approved a settlement between Solar Biotech's unsecured creditors committee and its largest secured creditor that the synthetic biological product maker said will allow it to ge... (more story)

Judge Keeps Dr. Phil Media Biz In Ch. 11, Is Up To Boost DIP

A Texas bankruptcy judge on Tuesday suggested he would approve more postpetition financing for a bankrupt broadcaster co-founded by Dr. Phil once an agreed upon order was before him, while also denying Sidley ... (more story)

Major Lindsey Ex-Recruiter Can't Discharge Judgment In Ch. 7

A New York bankruptcy judge on Monday upheld the bulk of a $2.9 million award in favor of recruiting firm Major Lindsey & Africa LLC against its former employee, ruling she cannot discharge the penalty in her Chapter 7 case.

Tax Court Finds Bankrupt Couple Owes Back Taxes

An Internal Revenue Service settlement officer didn't abuse her discretion by sustaining a tax levy against a Texas couple's abandoned assets, because the couple failed to file the correct paperwork, the U.S. ... (more story)

3rd Circ. Says IRS Can Pursue Taxes In Decades-Old Fraud

The IRS can go after a woman's unpaid taxes more than 20 years later because her return preparer committed fraud on her filings, even though the woman did not mean to evade taxes, the Third Circuit ruled Monday.

Texas Specialty Recycling Facility Files For Ch. 11

A Texas company that recycles chemicals used in petroleum refining has filed for Chapter 11 in Texas, blaming equipment failures and unstable prices for the metals it recovers and seeking a sale by October to ... (more story)

Judge Dismisses Calif. Resort Developer's Ch. 11

A Delaware bankruptcy judge on Monday dismissed the Chapter 11 case of an insolvent company that developed a resort and other properties in California, after months of the company pursuing either a structured ... (more story)