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What's Happening In Bankruptcy Court This Coming Week
Eletson holdings will seek approval of a joint motion for sanction, a Delaware bankruptcy judge will consider letting Mountain Sports take plan votes and a New York City nightclub will vie for disclosure approval from the same Delaware judge.
How Even Successful Ch. 11 Reorgs Can Turn Off Consumers
Bankrupt companies risk losing up to 15% of their value as a direct result of customers ditching them over concerns that their products will decline in quality during a Chapter 11 case, according to a recent study that assessed why even successful restructurings often turn away consumers.
Under The Radar: Bankruptcy News You May Have Missed
A trustee overseeing equity assets from Rite Aid's last Chapter 11 urged a New Jersey bankruptcy judge to let him wind the trust down. Diamondhead Casino's president and Chapter 7 trustee fought over a meeting notice. And cheese maker Rizo-Lopez Foods asked to transition its Chapter 11 proceedings into a Chapter 7 case.
What's Happening In Bankruptcy Court This Coming Week
Eletson holdings will seek approval of a joint motion for sanction, a Delaware bankruptcy judge will consider letting Mountain Sports take plan votes and a New York City nightclub will vie for disclosure approval from the same Delaware judge.
How Even Successful Ch. 11 Reorgs Can Turn Off Consumers
Bankrupt companies risk losing up to 15% of their value as a direct result of customers ditching them over concerns that their products will decline in quality during a Chapter 11 case, according to a recent study that assessed why even successful restructurings often turn away consumers.
Under The Radar: Bankruptcy News You May Have Missed
A trustee overseeing equity assets from Rite Aid's last Chapter 11 urged a New Jersey bankruptcy judge to let him wind the trust down. Diamondhead Casino's president and Chapter 7 trustee fought over a meeting notice. And cheese maker Rizo-Lopez Foods asked to transition its Chapter 11 proceedings into a Chapter 7 case.
Expert Analysis
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Large Cap More
Recently bankrupt semiconductor company Wolfspeed Inc. accused a bulk gas supplier in North Carolina federal court of failing to follow through on a contract by not removing gas equipment and suspending service fees.
Oil and gas shipping company Eletson Holdings was back before a New York bankruptcy judge Monday seeking sanctions in its Chapter 11 case, this time accusing a trio of Cyprus corporations of violating an order... (more story)
A judge agreed to switch the bankruptcy of a media company tied to talk show host Dr. Phil McGraw to a Chapter 7 case, Claire's obtained approval for its Chapter 11 exit plan and Spirit Airlines got the final ... (more story)
From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.
A Texas bankruptcy judge on Monday allowed Omnicare LLC to borrow $110 million in Chapter 11 financing, letting the CVS Health subsidiary that provides pharmacy services for long-term care facilities fund its ... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at how recent big-box store bankruptcies could usher in a retail sector revival, Florida's comparativ... (more story)
The Fourth Circuit on Thursday declined asbestos claimants' request for an en banc review of a panel ruling in a Georgia-Pacific LLC spinoff's Chapter 11 case, rejecting on an 8-6 vote an argument that the ban... (more story)
Mass tort plaintiffs' firm Slater Slater Schulman LLP is calling a motion seeking to end their contingency fee legal service agreements with sexual abuse claimants in the Boy Scouts of America bankruptcy a bas... (more story)
Lenders to special purpose vehicle entities tied to auto parts maker First Brands Group asked a Texas bankruptcy judge to dismiss the vehicles' Chapter 11 cases or appoint a trustee, arguing that the entities'... (more story)
A Delaware bankruptcy judge denied a motion Thursday from insurers at Lloyd's of London to stay Avon Inc.'s Chapter 11 plan while the insurers appeal, finding the insurers had not shown they would be irreparab... (more story)
Mid Cap More
A Delaware bankruptcy judge on Monday gave the trustee overseeing the Chapter 7 of casino developer Diamondhead Casino Corp. the go-ahead to put the vacant proposed casino site on the auction block in January.
A gay bar in Manhattan's Hell's Kitchen neighborhood entered bankruptcy in New York after its largest secured creditor sought to foreclose on it for a bit over $7 million, saying the lender has been unwilling ... (more story)
Norcold LLC, a company that sells refrigerators for recreational vehicles, filed for Chapter 11 protection in Delaware bankruptcy court Monday with more than $300 million in debt and a plan to sell its busines... (more story)
Florida-based MV Realty has entered into a $2.8 million settlement with New Jersey to resolve a lawsuit claiming it duped cash-strapped homeowners into signing agreements with predatory terms that placed liens... (more story)
The U.S. Supreme Court will begin its November oral argument session Monday, during which the justices will consider President Donald Trump's authority to impose tariffs on foreign countries under an emergency... (more story)
A New Jersey bankruptcy judge agreed Friday to dismiss the Chapter 11 proceedings for entities connected to troubled real estate group CBRM Realty Inc., diffusing creditors' efforts to have the cases thrown ou... (more story)
A New York bankruptcy judge has approved a settlement between aircraft maker Boeing and South African airline Comair in the carrier's Chapter 15 case, resolving ongoing federal litigation over the airline's co... (more story)
The plan administrator in the Chapter 11 case of data analytics company Near Intelligence filed a suit Thursday in Delaware bankruptcy court alleging that an auditing firm engaged by the debtor issued unqualif... (more story)
An Illinois federal judge told Edelson PC on Friday to either dismiss its conversion case against two former Girardi Keese attorneys in a "clean" and "unadulterated" stipulation or submit legal authority suppo... (more story)
A Maryland bankruptcy judge ordered the Archdiocese of Baltimore and a group of child sexual abuse claimants to prepare for a December trial on whether a charitable immunity defense should allow the Catholic o... (more story)