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ABI Meeting Covers Chapter 11s, Trump, Cross-Border Issues
Lawyers, judges, clerks, academics and others met Tuesday for the American Bankruptcy Institute's one-day conference in New York City to examine key issues facing bankruptcy and restructuring professionals.
Under The Radar: Bankruptcy News You May Have Missed
The Roman Catholic diocese in Buffalo, New York, was ordered to use only a share of proceeds from the sale of a seminary building for a settlement with sexual abuse survivors. Meanwhile, a charter school funding company asked a bankruptcy judge to approve its speedy Chapter 11 sale process. And bankrupt electric-vehicle maker Nikola Corp. requested more time to draft its liquidation plan.
COVID Upheaval, Tariffs Hurt Marelli's Cashflow Before Ch. 11
The sudden shift in the global economy triggered by the onset of the COVID-19 pandemic in early 2020 severely harmed the auto industry and the adoption of stiff tariffs in 2025 worsened the picture for auto parts suppliers like Marelli Corp., which filed for Chapter 11 protection last week with nearly $5 billion of debt.
ABI Meeting Covers Chapter 11s, Trump, Cross-Border Issues
Lawyers, judges, clerks, academics and others met Tuesday for the American Bankruptcy Institute's one-day conference in New York City to examine key issues facing bankruptcy and restructuring professionals.
Under The Radar: Bankruptcy News You May Have Missed
The Roman Catholic diocese in Buffalo, New York, was ordered to use only a share of proceeds from the sale of a seminary building for a settlement with sexual abuse survivors. Meanwhile, a charter school funding company asked a bankruptcy judge to approve its speedy Chapter 11 sale process. And bankrupt electric-vehicle maker Nikola Corp. requested more time to draft its liquidation plan.
COVID Upheaval, Tariffs Hurt Marelli's Cashflow Before Ch. 11
The sudden shift in the global economy triggered by the onset of the COVID-19 pandemic in early 2020 severely harmed the auto industry and the adoption of stiff tariffs in 2025 worsened the picture for auto parts suppliers like Marelli Corp., which filed for Chapter 11 protection last week with nearly $5 billion of debt.
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Large Cap More
A New Jersey state judge will allow two Beasley Allen Law Firm attorneys to represent a California couple in their suit accusing Johnson & Johnson of selling carcinogenic talc-based baby powder and appear pro ... (more story)
White and Williams LLP announced Wednesday that it has welcomed six Northeastern attorneys to its business department, two of whom will lead three new practice areas for the firm.
Close to a year after the U.S. Supreme Court shot down an earlier version of its Chapter 11 plan, OxyContin maker Purdue Pharma was before a New York bankruptcy judge Wednesday to ask for permission to send it... (more story)
The Federal Communications Commission signed off on Windstream's merger with Uniti Group Inc. on Wednesday, approving the transfer of Windstream, Uniti and their respective subsidiaries to the newly formed New Windstream LLC.
Eversheds Sutherland announced Tuesday the hiring of a New York-based counsel formerly of Kelley Drye & Warren LLP for its U.S. finance practice group.
Telecom company Altice France SA has asked a New York bankruptcy judge to recognize its French insolvency, saying it has over €19.2 billion ($22 billion) in debt and citing pressures from rising costs and incr... (more story)
A Delaware bankruptcy judge Tuesday gave initial approval to furniture and decor retailer At Home's $600 million debtor-in-possession loan, freeing up $75 million in new funds, as it looks to trim $1.6 billion... (more story)
The owner of a Pottstown, Pennsylvania, mall has accused Kohl's of attempting to unilaterally terminate its lease and duck payment obligations while liquidating merchandise to which the landlord was entitled, ... (more story)
A Delaware bankruptcy judge overruled objections to the plan disclosure from firefighting foam maker Kidde-Fenwal but said more information was needed about how different claims would be treated.
A Virginia bankruptcy judge Tuesday approved a settlement striking LeClairRyan PLLC founder Gary LeClair from the list of owners of the defunct firm, relieving him of responsibility for a share of the firm's n... (more story)
Mid Cap More
A Texas bankruptcy judge said Friday he will allow cryptocurrency miner Rhodium to set aside a group of startup funders' bid to terminate its exclusive right to file a Chapter 11 plan in its insolvency case, a... (more story)
A gymnastics business will pay a former coach $50,000 to resolve a U.S. Equal Employment Opportunity Commission suit claiming the company's co-owner repeatedly propositioned her and other teen workers for sex,... (more story)
A Delaware bankruptcy judge Friday approved the $6 million sale of a subsidiary of bankrupt radio frequency filter maker Akoustis Technologies after hearing the company has reached a deal with a competitor who... (more story)
Several states indicated Wednesday they may no longer oppose the $305 million sale of 23andMe to a nonprofit led by Anne Wojcicki, a co-founder of the company, after the debtor structured the transaction as an... (more story)
Movie production company Village Roadshow Entertainment Group received approval Wednesday from a Delaware bankruptcy court for a $417.5 million sale of its film library assets, including blockbusters like "The... (more story)
Higher Ground Education Inc., once the largest owner and operator of Montessori schools in the world, filed for Chapter 11 protection late Tuesday in Dallas, saying it has an agreement with stakeholders to obt... (more story)
Acknowledging property owner and creditor valuation objections and unsettled claims, a Delaware bankruptcy judge on Tuesday approved a $60 million stalking horse offer intended to jumpstart bidding for a 134-a... (more story)
A Texas bankruptcy judge determined Tuesday that Hooters of America may solicit votes on its Chapter 11 plan after the troubled casual dining chain reached an agreement with its unsecured creditors committee, ... (more story)
A BowFlex buyer is suing the brand's new owner in California federal court, alleging that a recall of defective adjustable dumbbells wrongly leaves out the vast majority of the product's buyers, covering only ... (more story)
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just ... (more story)