To access this content, a subscription to Bankruptcy Authority is required.
Genesis Healthcare got the sign-off for an amended $1 billion asset sale, WilmerHale appointed a new restructuring chair, and the former CEO of electric-truck maker Nikola asked the Third Circuit to review a decision that his bankruptcy claim against his former company was properly subordinated.
A New York federal court decision that warned of "bankruptcy tourism" in Chapter 15 cases has given creditors new recourse to object to cross-border restructurings, landing at a moment when more U.S. companies are using foreign insolvency laws to obtain relief unavailable under Chapter 11.
Searles Valley will vie for conditional approval of a plan and disclosure, a restaurant chain will seek the all-clear for its bidding procedures and a judge will contemplate Genesis Healthcare's bid for plan confirmation.
The U.S. Securities and Exchange Commission has accused two executives of a now-bankrupt investment company of deceiving investors about the value and availability of shares of privately held companies ahead o... (more story)
The U.S. Supreme Court on Tuesday rejected former Ruby Tuesday executives' bid for review of their claims that Regions Bank underpaid them after their deferred compensation benefits were liquidated in bankrupt... (more story)
Getty Images said Monday it plans to file for Chapter 11 in the coming weeks after reaching a restructuring agreement that would take the company private and includes up to $533 million in new equity from Koch... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the top real estate deals of the third quarter, and conversations with leading attorneys on older ... (more story)
Members of the Sackler family broke terms of settlement agreements in Purdue Pharma's Chapter 11 plan, a New York bankruptcy judge has ruled, directing them to end state court litigation and title challenges o... (more story)
The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to be... (more story)
The U.S. Trustee's Office has urged a New York bankruptcy judge to reject what it described as a bid by the Diocese of Buffalo to shield insurance carriers from third-party legal claims through a $177 million ... (more story)
An organization of Franciscan Friars in California has asked a bankruptcy judge to approve a $25.7 million settlement with its insurance carriers that the debtor said will help fund a trust with a total value ... (more story)
The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem... (more story)
More than 120 mostly Democratic lawmakers raised concerns Thursday about the proposed $10 million sale of Spirit Airlines' internal data to Google for artificial intelligence training, saying the sale would in... (more story)
The bankrupt COVID-19 testing arm of ProPhase Labs can seek votes on its Chapter 11 plan after a New Jersey bankruptcy judge granted interim approval to the company's disclosure statement.
A healthcare workers union has accused CarePoint Health and operators that took over two of its New Jersey hospitals of failing to make 2024 retirement fund contributions under a settlement in the defunct nonp... (more story)
Healthcare company Mirra-Access is seeking Chapter 11 protection in a Florida bankruptcy court with more than $100 million in debt and plans to restructure a loan facility with a firm tied to Franklin Templeton.
Artificial intelligence entertainment platform Character Technologies has filed for Chapter 11 protection in Delaware with more than $50 million in debt, saying it was sunk by high operating and legal costs an... (more story)
A Texas bankruptcy judge agreed to modify the automatic stay in the Chapter 11 case of summer camp operator Camp Mystic late Friday to allow lawsuits from the victims of a deadly 2025 flood to proceed once the... (more story)
The liquidator of companies owned by a family accused of a decadeslong tax fraud scheme in Australia have adhered to Chapter 15's eligibility requirements with $1,250 retainers, a New York federal judge has fo... (more story)
Bankrupt sleep-away camp operator Camp Mystic has told a Texas court the appointment of a Chapter 11 trustee is not justified since the debtor made adjustments to its corporate governance practices and install... (more story)
The former CEO of electric-truck maker Nikola has asked the Third Circuit to review a Delaware federal judge's decision that his nearly $70 million bankruptcy claim against his former company was properly subo... (more story)
The company behind a New Jersey event venue called The Chariot received confirmation of its Chapter 11 plan, which will hand over the reorganized company to two investors.
A Florida state court vacated an order allowing a discount sale of an attorney's $20 million worth of shares in three law firms to a litigation funder seeking to collect on an out-of-state judgment, saying the... (more story)
Daniel Lowenthal and Kimberly Black
Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)
Ting Cheung
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or lea... (more story)
Paige Lohse, John Martin and Kevin Warren
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful ... (more story)