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The U.S. Trustee's Office has told a Texas bankruptcy court it should not add another case to the watchdog's nearly three-year-old fee clawback litigation against Jackson Walker LLP, saying prepetition bankruptcy work by a former partner whose undisclosed romance with a bankruptcy judge kicked off an ethics scandal was "troubling" but distinct from 33 other cases.
Creditors of Hughes Satellite Systems are seeking the right to propose their own Chapter 11 plan. LIV Golf secured approval for $53.6 million in bankruptcy financing and a $300 million restructuring agreement. Genesis Healthcare and almond grower Trinitas Advantaged Agriculture Partners won approvals for their Chapter 11 liquidation plans.
The Chapter 11 trustee for bankrupt personal injury law firm Munawar Law Group PLLC filed a reorganization plan and disclosure statement that would provide for repayment of three key secured creditors while allowing the firm to continue operating after confirmation.
Pharmacy service provider Omnicare has asked a Texas bankruptcy judge for permission to make a third set of tweaks to its $110 million debtor-in-possession financing agreement, including when the loan comes du... (more story)
Investment platform Linqto asked a Texas bankruptcy judge to allow modifications to its Chapter 11 plan, substituting one entity as liquidating trustee for another.
A Texas bankruptcy judge on Tuesday allowed telecommunications company Hughes Satellite Systems Corp. to retain its exclusive right to file a Chapter 11 plan until Dec. 1, rejecting a noteholder challenge to t... (more story)
A Texas bankruptcy judge Tuesday said he would not clarify his earlier ruling on First Brands' insurance policies during a pending appeal, even as ex-executives of the former car parts giant face an approachin... (more story)
A trading firm is urging the U.S. Supreme Court to finally resolve whether an arbitrator or a court should decide the proper venue for a dispute involving a nonsignatory to an arbitration agreement, as it figh... (more story)
The U.S. Trustee's Office is urging a Delaware bankruptcy judge to reject AI-bolstered pharmaceutical group BioXcel's Chapter 11 plan disclosure statement ahead of a hearing Wednesday, arguing the plan contain... (more story)
California and 23andMe's corporate successor have reached a $6 million settlement that, if approved, would resolve the state's allegations that the genetic testing company failed to protect customers' sensitiv... (more story)
Unsecured creditors of Republic National Distributing asked a Texas bankruptcy judge to reject the alcohol distributor's proposed Chapter 11 plan, saying it is seeking to settle more than $1 billion in claims ... (more story)
A New York bankruptcy judge Monday gave final approval for Latvian air carrier airBaltic to draw on $404 million in Chapter 11 financing, overriding objections from bondholders.
Brazilian petrochemical and plastics company Braskem told a New York bankruptcy judge Monday it plans to pursue a Chapter 11 restructuring if its Chapter 15 case falls through due to a recent decision by a Bra... (more story)
Drive-thru chain Salad and Go on Tuesday secured a Texas bankruptcy judge's approval to sell leases for two of its restaurants to a company controlled by its co-founder and a separate entity, defeating landlords' objections.
Bankrupt restaurant group SMF Group, which owns several iconic eateries in New York City's Theater District and was founded by legendary restaurateur Shelly Fireman, asked a bankruptcy judge Tuesday to approve... (more story)
A New York bankruptcy judge Tuesday authorized clay and materials miner Vanderbilt Minerals to send its Chapter 11 plan to a creditor vote ahead of a December confirmation hearing.
A solar financing company accused of helping facilitate an $81 million scheme that allegedly left Michigan homeowners with inoperable solar systems and mounting debt has asked a federal judge to dismiss the st... (more story)
Bankrupt New York City nightclub Balcon Salon has reached a deal to sell its property and distribute the proceeds, most of which would go to its lender, and sought to hire a real estate adviser.
A Florida bankruptcy judge Monday suspended the Chapter 11 case of healthcare provider Mirra-Access Holdings for 45 days, approving the debtor's request for an abatement that it hopes will allow it to carry ou... (more story)
Cryptocurrency mining firm Mawson has urged a Delaware bankruptcy judge to hold a creditor based in Australia in contempt of a previous order directing it to post a bond, arguing the creditor should be fined $... (more story)
A California bankruptcy judge on Friday agreed to postpone a hearing on the Archdiocese of San Francisco's Chapter 11 disclosure statement by nearly two weeks after insurers said they need more time to examine... (more story)
The Eleventh Circuit in an unpublished opinion backed a law firm accused of botching several financial transactions for a Puerto Rican microcap lender, affirming the findings of a jury and a lower court that i... (more story)
The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to ... (more story)
Jennifer Maleski
The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)
Felix Shipkevich
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should... (more story)
Daniel Lowenthal and Kimberly Black
Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)