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Rite Aid Teed Up In NJ For Next Test Of Ch. 11 Release Ban
Rite Aid will try to get confirmation of a Chapter 11 plan Monday that calls for an orderly wind-down of much of the 63-year-old pharmacy chain, but it is facing pushback on its liability waivers in what will be another test of the U.S. Supreme Court's 2024 Purdue decision, which limited nonconsensual third-party releases.
What's Happening In Bankruptcy Court This Coming Week
Rite Aid will head to court to seek approval of its second reorganization plan in one year and justify its third-party releases in the aftermath of the U.S. Supreme Court's Purdue decision. Film production company Village Roadshow is scheduled for a hearing where it will fight a bid to stop its asset sale. And electric-truck maker Nikola is expected to attempt to collect the proceeds of an auction.
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Meet The Attys Setting Diamond Co. Lugano's Ch. 11
Lugano Diamonds & Jewelry Inc., a luxury jewelry designer, filed for bankruptcy in Delaware with plans to sell the business in the wake of fraud allegations against its founder. Guiding it through Chapter 11 is a team of attorneys with Keller Benvenutti Kim LLP and Young Conaway Stargatt & Taylor LLP.
Rite Aid Teed Up In NJ For Next Test Of Ch. 11 Release Ban
Rite Aid will try to get confirmation of a Chapter 11 plan Monday that calls for an orderly wind-down of much of the 63-year-old pharmacy chain, but it is facing pushback on its liability waivers in what will be another test of the U.S. Supreme Court's 2024 Purdue decision, which limited nonconsensual third-party releases.
What's Happening In Bankruptcy Court This Coming Week
Rite Aid will head to court to seek approval of its second reorganization plan in one year and justify its third-party releases in the aftermath of the U.S. Supreme Court's Purdue decision. Film production company Village Roadshow is scheduled for a hearing where it will fight a bid to stop its asset sale. And electric-truck maker Nikola is expected to attempt to collect the proceeds of an auction.
Meet The Attys Setting Diamond Co. Lugano's Ch. 11
Lugano Diamonds & Jewelry Inc., a luxury jewelry designer, filed for bankruptcy in Delaware with plans to sell the business in the wake of fraud allegations against its founder. Guiding it through Chapter 11 is a team of attorneys with Keller Benvenutti Kim LLP and Young Conaway Stargatt & Taylor LLP.
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Large Cap More
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Mid Cap More
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A New York bankruptcy judge agreed Thursday to approve sale procedures for the insolvent owner of the NoMo SoHo Hotel in Manhattan, setting it on a path to wrap up the process in just 20 days.
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