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Judge Tweaks Pay Deal For National Realty Wind-Down CEO

A New Jersey bankruptcy judge has laid down guidelines for an amended compensation package for the wind-down executive of National Realty Investment Advisers' liquidating trust, including setting out a new def... (more story)

2nd Circ Upholds Cumulus' Data-Tying Order Against Nielsen

Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings, under a Second Circuit panel decision Monday upholding, and unpausing, a district court prel... (more story)

Judge Sets Damages Framework In Celsius Ch. 11 Clawbacks

A New York bankruptcy judge has ruled that Celsius' litigation administrator can recoup either digital assets, proceeds from their sale or their value at the time of their alleged preferential transfer in hund... (more story)

Conn. Radiologist Loses Quick Win Bid In $5M Cancer Lawsuit

A Connecticut state judge Monday denied a radiology doctor and medical group's attempt for quick wins on $5 million malpractice claims surrounding a former Waterbury Hospital nurse's missed cancer diagnosis, a... (more story)

Inspired Healthcare Scores $252M In Property Bids

Inspired Healthcare Capital, a private equity firm focused on senior living facilities, has notified a Texas bankruptcy court it has received bids worth more than $252 million to serve as the baseline for an u... (more story)

Jackson Walker Settlements Over Judge Romance Get Greenlit

A federal bankruptcy judge has recommended approval of nine settlements regarding legal fees paid to Jackson Walker LLP connected to a former firm partner's romantic relationship with a then-bankruptcy judge, ... (more story)

Linqto Gets OK To Pay Off Ch. 11 Loan With Securities

A Texas bankruptcy judge Friday gave investment platform Linqto permission to transfer its Chapter 11 loan to a customer recovery fund and pay off the balance with securities.

Ambipar Seeks US Recognition Of Brazilian Reorg

Nearly nine months after placing its U.S. affiliate into Chapter 11, Brazilian waste management and oilfield emergency response conglomerate Ambipar Group is asking a Texas bankruptcy judge to extend U.S. reco... (more story)

Bradley Adds Bankruptcy Atty From Arnall Golden In Atlanta

Bradley Arant Boult Cummings LLP has added an Arnall Golden Gregory LLP partner in its Atlanta office, strengthening its bankruptcy and creditors' rights practice with an attorney who brings more than 25 years... (more story)

5th Circ. Prods Highland-Affiliated Co. On Ex-CEO's 'Privity'

A Fifth Circuit panel pressed an entity related to Highland Capital to explain why a fraudulent transfer claim against Highland's former CEO should stand following a separate consent judgment, asking when the ... (more story)

Mid Cap More

Del. Judge Eyes Ruling In NS8 Ex-CEO Fraud Clawback

A Delaware bankruptcy judge said he would move toward issuing a decision in the Chapter 11 adversary proceeding against the convicted co-founder and former CEO of NS8 Inc. now that briefing has been completed,... (more story)

Residential Real Estate Manager Hits Ch. 11 In Texas

Residential real estate management company Louis Investments LLC has filed for Chapter 11 in Texas bankruptcy court with assets that have an estimated value between $10 million and $50 million.

23andMe Bankruptcy Plan Bars Data Breach Suit In Calif.

A Missouri bankruptcy judge has told attorneys representing California the state can no longer press its data breach lawsuit against the reorganized 23andMe, finding the state court action is barred by the com... (more story)

Rhode Island Jail Operator Files Ch. 11 With $169M Debt

A Rhode Island jail operator with a contract to hold federal immigration detainees has filed for Chapter 11 protection in Rhode Island bankruptcy court with an agreement on a restructuring plan to end years of... (more story)

50 Cent Says Ex-Staffer's Retaliation Suit Has No Place In Ga.

Rapper 50 Cent urged a Georgia federal court to toss a former assistant's suit alleging she was fired and repeatedly harassed because she refused to falsely accuse his bodyguard of theft, arguing his Texas res... (more story)

Exactech Suit Officially Dropped After $8M Bankruptcy Deal

An Alabama federal court has tossed a False Claims Act lawsuit against orthopedic implant maker Exactech, after the parties reached an $8 million settlement last year in the company's bankruptcy.

Judge Says $57M Asset Freeze Skips 8 In Chapter 7 Clawback

A Connecticut federal judge clarified that her recent ruling putting a hold on $57.4 million in clawback litigation from the Chapter 7 trustee of pump manufacturer The Nash Engineering Co. does not apply to ei... (more story)

Team Systems Ch. 7 Trustee Lays Out Fraud Allegations

The Chapter 7 trustee of bankrupt government contractor Team Systems International on Friday outlined his fraud allegations against the company's former leadership during closing arguments in a $14 million cla... (more story)

AI Staffing Co. Investors Seek Sealed Fraud Probe Report

Some stockholders of AI-powered staffing firm Joonko Diversity have urged a Delaware bankruptcy court to order the company's insolvency plan administrator to provide full access to an unsealed version of a rep... (more story)

SiFi Networks Wins Final Approval For $3.4M Ch. 11 Loan

Privately-owned telecommunications company SiFi Networks America LLC can access $3.4 million in Chapter 11 financing from its prepetition lender and stalking horse bidder, a Delaware bankruptcy judge has determined.

Expert Analysis

How Ch. 11 Debtors Can Stop MCA Receivables Raids

Approximately 42 merchant cash advance lenders are involved in the recently filed Chapter 11 bankruptcy of SIMAD H... (more story)

5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy... (more story)

Congress Must Resolve Growing Subchapter V Uncertainty

Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points ... (more story)