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Demand Dip, Investor Dispute Led Walker Edison To Ch. 11
Declining consumer demand, rising operating costs and mounting financial pressures — along with ongoing litigation between Walker Edison and its former shareholders brought by both the company and its prepetition term lenders — drove the online furniture retailer to seek bankruptcy protection in Delaware.
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
Demand Dip, Investor Dispute Led Walker Edison To Ch. 11
Declining consumer demand, rising operating costs and mounting financial pressures — along with ongoing litigation between Walker Edison and its former shareholders brought by both the company and its prepetition term lenders — drove the online furniture retailer to seek bankruptcy protection in Delaware.
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
Expert Analysis
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most... (more story)
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The Bankruptcy Code and the customs laws interact in complex ways that make bankruptcy a powerful, albeit limited,... (more story)
As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definiti... (more story)
Large Cap More
A Texas bankruptcy judge Tuesday gave wind turbine blade maker TPI Composites permission to hand off its Turkish operations to a local owner, a move the company said will save it $31 million in intercompany obligations.
The Second Circuit vacated a lower court order that prevented New York Attorney General Letitia James from stopping a bankruptcy education nonprofit from advising low-income debtors Tuesday, saying that while ... (more story)
Dallas area litigation boutique Vartabedian Hester & Haynes LLP announced Tuesday that a pair of experienced bankruptcy attorneys joined the firm from Butler Snow LLP.
A bankrupt trucking company's founders asked for U.S. recognition of their own foreign insolvencies, bids the court rejected on Tuesday. Also, a biotech company filed for Chapter 11 with at least $2.7 million ... (more story)
Bankruptcy might seem like a technical and obscure practice area, but not to U.S. Bankruptcy Judge Brendan Shannon.
A Texas bankruptcy judge said Monday he would approve a Chapter 11 plan slashing $4.6 billion of chipmaker Wolfspeed Inc.'s debt, overruling an objection from the U.S. Trustee's Office to the opt-out mechanism... (more story)
A California federal judge has sided with the Federal Deposit Insurance Corp. in a dispute over $48,800 in unpaid legal bills that Farella Braun & Martel LLP sought for work it did before Silicon Valley Bank's... (more story)
Certain underwriters at Lloyd's of London and other London market insurers must pay their full applicable policy limits under policies issued to the Archdiocese of New York, a state court ruled Monday in the a... (more story)
The former parent company of Silicon Valley Bank owes the state of California upward of $76 million in taxes on income from a portfolio of securities for years leading up to the bank's failure, a state taxing ... (more story)
Last week at the Delaware Court of Chancery, a bankruptcy administrator for a generic drugmaker formerly known as Teligent was told he can proceed with duty of oversight claims against most former officers and... (more story)
Mid Cap More
Cincinnati-based manufacturer CTL-Aerospace Inc. filed for Chapter 11 with at least $15 million in debt saying material sourcing troubles last year left it with an operating loss with limited funding avenues.
A Delaware bankruptcy judge said Tuesday she would approve the Chapter 11 liquidation plan of Solar Biotech Inc. after it sold its assets for $20 million and resolved litigation between its largest secured cre... (more story)
Illinois-based bowling and restaurant chain Pinstripes has filed for Chapter 11 protection in Delaware bankruptcy court with more than $143 million in debt and plans to seek a going concern sale.
New York University's challenge to a recent rezoning, Chapter 11 proceedings for a student housing owner serving the University of California, and an Illinois university's refusal to hand over property to a lo... (more story)
The official committee of unsecured creditors in the Chapter 11 case of Packable Holdings largely lost out on motions to dismiss its adversary complaint tied to a prepetition lender and supplier, with a Delawa... (more story)
A Pennsylvania attorney facing discipline for allegedly threatening to blackmail a client's debtor was rightfully trying to collect on a long-standing, highly litigated debt, a state disciplinary hearing panel heard Monday.
A real estate developer, his associates and his current and past attorneys submitted fake contracts as evidence of their ownership of the company that runs the Miss America pageant in a $500 million lawsuit an... (more story)
The state of California has asked a Missouri federal judge to undo the $305 million bankruptcy sale of consumer DNA testing group 23andMe, arguing it sidestepped state consumer data protections.
A litigation trustee for bankrupt data analytics company Near Intelligence Inc. has sued New York-based digital ad company MobileFuse LLC in the U.S. Bankruptcy Court for Delaware, alleging a multiyear circula... (more story)
A Delaware bankruptcy judge Friday approved the Chapter 11 plan of electric-truck maker Nikola Corp., overruling an objection from the company's former CEO that was tied to his treatment under the plan and a p... (more story)