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Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11
A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11
A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
Expert Analysis
Though participating in opera and the world of professional baseball often pulls me away from the office, my avoca... (more story)
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While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy indu... (more story)
Large Cap More
A Texas appeals court has found that a $50 million judgment issued by a United Arab Emirates' court system against executives who allegedly fled the country after committing fraud could not stand under state l... (more story)
AIG Property Casualty Co. has paid more than $6 million to a company once owned by Chinese exile and since-convicted fraudster Miles Guo after a fire damaged his former residence in New York City's Sherry-Neth... (more story)
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely... (more story)
Hospital operator Steward Health Care told a Texas bankruptcy judge Monday it had reached a deal with the buyer of eight of its hospitals to resolve claims over $55 million in disputed Medicaid payments, with ... (more story)
The special master who is untangling convicted billionaire Greg Lindberg's web of companies wants to dole out roughly $318 million in restitution from the sale of one of the mogul's most valuable assets to the... (more story)
South America's second-largest airline Avianca on Thursday took a fight stemming from its 2020 bankruptcy to the U.S. Supreme Court, asking the justices to resolve a circuit split over the question of when a C... (more story)
A New Jersey bankruptcy judge has abstained from ruling on a motion to dismiss an adversary lawsuit brought by genetic testing company Natera against bankrupt competitor Invitae over a 2024 asset purchase, say... (more story)
Objections to hospital operator Steward Healthcare's Chapter 11 plan piled up, as parties including Humana Insurance Co. and Blue Cross and Blue Shield of Massachusetts Inc. opposed its injunction provisions.
It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impr... (more story)
Boy Scouts of America has so far transferred nearly $164 million to sexual abuse survivors, according to a monthly report released by the organization's settlement trust.
Mid Cap More
A Missouri bankruptcy judge on Monday refused California's request that genetic testing company 23andMe Holding Co.'s $305 million Chapter 11 sale be tabled while the Golden State seeks an appeal.
A Delaware bankruptcy judge on Monday gave two law firms permission to stop representing the ousted CEO of Leisure Investments Holdings, the lead debtor and intermediate holding company for aquatics park opera... (more story)
A New York state judge has handed an early win to Lowenstein Sandler LLP against allegations it provided faulty advice in a client's bankruptcy, finding the asset manager that brought the suit was simply attem... (more story)
Music executive Armen Boladian has asked a Florida federal court to sanction funk legend George Clinton, saying he was raising issues already adjudicated in their decades-long series of legal disputes.
Artificial intelligence-powered employment recruiting platform My Job Matcher Inc., which does business as Job.com, filed for Chapter 11 in Delaware with several affiliates, listing over $66 million in liabili... (more story)
IG Design Group Americas Inc., one of the world's biggest manufacturers of gift wrap, won court approval Monday to tap $25 million of new money to finance its bankruptcy case as it pursues a sale of some asset... (more story)
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive dama... (more story)
The U.S. Trustee's Office and the largest creditor of Firstbase.io urged a New York bankruptcy judge to reject three law firms' applications for $1.2 million in legal fees, arguing the bankrupt business servic... (more story)
A Texas bankruptcy judge on Thursday gave a media company permission to draw on a Chapter 11 loan from its founder, television personality Phil McGraw, and set a short schedule for a hearing on an attempt to c... (more story)
The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foreg... (more story)