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A slew of recent objections to First Brands Group's Chapter 11 plan has put fresh attention on the company's bid to pay high-ranking administrative expenses from future litigation, a structure that experts told Law360 may contravene bankruptcy rules and spook vendors in future cases.
A restaurant chain operator and a car parts maker will both go before Texas bankruptcy judges seeking confirmation of their Chapter 11 plans, and an investment platform will seek to compel its liquidation trustee to perform the role's duties.
A New York judge told two law firms to hand privilege logs to Levona Holdings in a sanctions fight, Terraform's plan administrator asked a Delaware judge to toss an adversary suit, and a company deeply intertwined with a New Jersey real estate developer's Chapter 11 argued the case should be dismissed.
A Texas bankruptcy judge on Friday allowed GoldenPeaks Poland to send its Chapter 11 plan to a creditor vote, while cautioning the solar farm developer that it would need to provide evidence at plan confirmati... (more story)
A New Jersey bankruptcy judge has addressed families' concerns about the sale of a century-old New York sleep-away summer camp in the Chapter 11 case of SIMAD Holdings, telling parents their comments will be c... (more story)
Live Nation is pushing back after state enforcers told a New York federal court that a recent Second Circuit ruling in a case against Nielsen supports their antitrust claims, saying the ruling instead supports... (more story)
Herbert Smith Freehills Kramer LLP announced Friday that it had added the leader of Haynes Boone's U.S. Supreme Court practice, who joins the firm as co-lead focused on appellate work and the nation's highest court.
Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, accor... (more story)
A Texas bankruptcy judge on Thursday again pumped the brakes on the Chapter 11 bankruptcy of EchoStar Corp.'s video distribution and wireless network units, including Dish Wireless LLC, saying the unsecured cr... (more story)
A Texas bankruptcy judge has abated proceedings in Barretts Minerals Inc.'s Chapter 11 case, canceling a key hearing on a proposed plan, until a district court decides whether its talc contained cancer-causing... (more story)
A California federal judge Wednesday approved a $27.5 million agreement a Golden State regulator and seven companies submitted for litigation over the cleanup of a former lead smelting and battery recycling fa... (more story)
A Missouri appellate court upheld a win for a group of insurers on their arguments that a "your products" policy exclusion applied to bar coverage of alleged damages from drugmaker Mallinckrodt's unbranded mar... (more story)
Real estate company DAMIS Holdings, sister company to bankrupt summer camp operator SIMAD Holdings, on Thursday told a New Jersey bankruptcy judge it had secured an agreement from nearly all of its lenders on ... (more story)
Subprime lender CashCall Inc. can tap into a roughly $4 million Chapter 11 financing package, a California bankruptcy judge said Friday after the lender, which is owned by the debtor's CEO, agreed to remove a ... (more story)
Trajector Holdings LLC, a disability benefits company, has filed for Chapter 11 relief in Florida with around $65 million in liabilities, citing a governance dispute, class actions and regulatory challenges.
A Delaware bankruptcy judge on Friday conditionally approved the disclosure statement for microbiome treatment developer Finch Therapeutics' Chapter 11 plan, allowing it to solicit creditor votes.
A Delaware bankruptcy judge has signed off on a deal resolving a $28.3 million claim by the buyer of defunct drug developer Akorn's assets, allowing an $18.5 million claim in the Chapter 7 case.
The casual dining chain TGI Friday's Inc. on Thursday won approval of its Chapter 11 liquidation plan to offload its remaining assets and eventually distribute them through a trust, after creditors voted overw... (more story)
Former executives of bankrupt government contractor Team Systems International asked a Delaware bankruptcy judge to recuse himself from the contractor's Chapter 7 case and a $14 million clawback case against t... (more story)
A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became de... (more story)
Biotechnology company Sangamo Therapeutics received interim approval Thursday to tap into a new, $35 million Chapter 11 financing package with a lower interest rate.
Bitcoin miner Poolin Technology filed for Chapter 11 protection in New Jersey bankruptcy court with more than $173 million in liabilities and plans for an asset sale, pointing to price volatility and a Chinese... (more story)
A collapsed investment company has sued the Royal Bank of Scotland for more than £73 million ($97 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)
Jessica Caterina
Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)
Jamie Aycock
A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)