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Catching Up With New Bankruptcy Case Action
Jewelry chain Claire's filed for its second bankruptcy with $690 million in debt and plans to close 700 U.S. stores, Delaware's 4 Points Towing & Roadside Service sought Chapter 11 under Subchapter V after pandemic-driven losses, and a parking garage in New York City filed for Chapter 11 citing difficulty in keeping up with mortgage payments amid rising interest rates.
Meet The Attys Helping Powin Power Through Ch. 11
Powin LLC, a company that manufactures batteries for green energy projects, has tapped attorneys from Dentons and Togut Segal & Segal LLP to help steer the bankruptcy it started in June to address an "untenable" liquidity position.
Meet The Attys Steering Nightclub Co. Avant Gardner's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is representing the owner of New York City nightclub Brooklyn Mirage in its Chapter 11 case.
Catching Up With New Bankruptcy Case Action
Jewelry chain Claire's filed for its second bankruptcy with $690 million in debt and plans to close 700 U.S. stores, Delaware's 4 Points Towing & Roadside Service sought Chapter 11 under Subchapter V after pandemic-driven losses, and a parking garage in New York City filed for Chapter 11 citing difficulty in keeping up with mortgage payments amid rising interest rates.
Meet The Attys Helping Powin Power Through Ch. 11
Powin LLC, a company that manufactures batteries for green energy projects, has tapped attorneys from Dentons and Togut Segal & Segal LLP to help steer the bankruptcy it started in June to address an "untenable" liquidity position.
Meet The Attys Steering Nightclub Co. Avant Gardner's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is representing the owner of New York City nightclub Brooklyn Mirage in its Chapter 11 case.
Expert Analysis
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Large Cap More
The founder and former CEO of Terraform Labs on Tuesday admitted to perpetrating a multibillion-dollar fraud by deceiving investors about its decentralized finance-based ecosystem of crypto products, a scheme ... (more story)
The Chapter 11 trustee overseeing Miles Guo's estate on Tuesday asked a Connecticut bankruptcy judge for six additional months to file potential clawback claims against six of the Chinese exile's relatives and... (more story)
A New Jersey bankruptcy judge said Tuesday he will give final approval to $912.5 million in Chapter 11 financing for canned foods giant Del Monte as it seeks to find a buyer.
A Delaware bankruptcy judge on Tuesday rejected a former FTX Trading Ltd. customer's nearly $700,000 claim, saying he failed to show that funds donated to the cryptocurrency platform's charity were later clawed back.
TPI Composites Inc., an Arizona-based manufacturer of blades for wind turbines, has filed for Chapter 11 protection in Texas bankruptcy court, listing between $1 billion and $10 billion in debt, including $600... (more story)
Bankrupt Chinese exile Miles Guo must forfeit $1.3 billion in cash, luxury goods and real estate, including his 21-bedroom New Jersey mansion, a New York federal judge said Monday, more than a year after the p... (more story)
A Delaware bankruptcy judge said Monday she would require the creditors that petitioned to force a cryptocurrency mining operation into Chapter 11 to post a multimillion-dollar bond in case their petition is dismissed.
McDermott Will & Schulte, four other law firms and one consulting firm have agreed to settle, for an undisclosed amount and without formal litigation, clawback claims totaling $4.4 million by the Chapter 11 es... (more story)
A litigation administrator for defunct cryptocurrency firm Celsius Network has blasted a bid by Cadwalader Wickersham & Taft LLP to have its legal fees for representing Alex Mashinsky, a Celsius co-founder sen... (more story)
New information that has emerged since customers of the now-collapsed cryptocurrency trading platform FTX Trading Ltd. sued Fenwick & West LLP over the firm's alleged role in that collapse justifies updating t... (more story)
Mid Cap More
The Eighth Circuit on Tuesday sided with a bankruptcy judge in discharging a woman's student loan debt owed to a North Dakota bank, saying the lower court had not made a clear error in concluding that paying o... (more story)
Fragrance portfolio company IMG Holdings Inc. and its affiliates sought Chapter 11 bankruptcy protection on Monday in Delaware, reporting $63.6 million in senior secured debt and less than $10 million in asset... (more story)
Proposed class actions filed over recalled dumbbells violated BowFlex's Chapter 11 plan and sale, a New Jersey bankruptcy judge ruled, rejecting arguments that customers didn't receive adequate notice of the "... (more story)
A Delaware bankruptcy judge on Tuesday approved Joonko Diversity Inc.'s Chapter 11 liquidation plan after the debtor resolved objections from shareholders and others, letting the artificial intelligence-powere... (more story)
The secured lender to Stoli Group USA Monday asked a Texas bankruptcy judge to reject the vodka maker's proposed Chapter 11 plan, saying the company is trying to shortchange it by paying its debt in bourbon.
Nielsen Holdings Ltd. and consumer intelligence spinoff Nielsen Consumer IQ agreed to end their dispute, a sole investor asked the court to name him lead plaintiff in a suit challenging Endeavor's $13 billion ... (more story)
Truck rental business Fluid Market Inc. asked a Delaware bankruptcy judge to let it convert its case to a Chapter 7 liquidation after completing a sale in December and reaching a settlement with its creditors,... (more story)
A Florida federal judge is considering a request to ban the founder of Bang Energy from submitting any more paperwork without court permission after Monster Energy argued Monday that fake legal citations gener... (more story)
The U.S. Tax Court correctly found the IRS properly denied a Connecticut partnership's $22.7 million loss deduction because the underlying transactions, which involved a Brazilian company, were tantamount to a... (more story)
The Consumer Financial Protection Bureau is getting ready to file a complaint against bankrupt Synapse Financial Technologies on allegations it failed to properly keep track of consumer funds and left as much ... (more story)