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Expert Analysis

$2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt

A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to ref... (more story)

It's Time For The Judiciary To Fix Its Cybersecurity Problem

After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, ... (more story)

Recent Trends In Lending To Nonbank Financial Institutions

Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while ex... (more story)

Large Cap More

Venezuelan Oil Company Looks To Pause $3B Bond Ruling

A subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently ... (more story)

Tricolor Ch. 7 Trustee Gets OK To Pay Debtor's Insurers

The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings can access about $275,000 in deposited checks at its headquarters to make late insurance payments, a Texas bankruptcy judge said at an... (more story)

Chancery Lets J&J, Dow Fight To Save Asbestos Data

The Delaware Chancery Court has refused to toss a suit by Johnson & Johnson, Dow Chemical and other major asbestos-defendant companies that are seeking to block a set of bankruptcy trusts from destroying decad... (more story)

LifeScan Gets Final OK On Ch. 11 Plan After Deal With PBMs

A Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing ... (more story)

Willkie Taps Longtime Kirkland Atty To Lead Restructuring

Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.

Prime Core Ch. 11 Admin Says It Cashed Out Crypto For $35M

The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin ... (more story)

Texas Appealing Trim Of GM Data Privacy Suit

The state of Texas said it was appealing a bankruptcy judge's decision earlier this month blocking its attempt to hold General Motors liable for data privacy violations allegedly committed by its predecessor b... (more story)

LifeScan Urges Court To Force PBMs To Produce Documents

Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs i... (more story)

Judge Lifts Ch. 11 Stay On Prospect Medical Tort Suits

A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital ch... (more story)

What Insurers Must Know When Insureds File For Bankruptcy

With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting... (more story)

Mid Cap More

Investors Accuse Colo. Distillery Owner Of $850K Fraud

A group of investors has sued the owner of a Colorado distillery in federal court, alleging he induced them to inject nearly $850,000 into his business by making fraudulent misrepresentations about it, and tha... (more story)

Dolphin Co. Can Sell Closed Park For $4.5M In Ch. 11

Dolphin experience park owner Leisure Investments Holdings LLC received a Delaware bankruptcy judge's approval Monday for a more than $4.5 million sale of a Panama City Beach, Florida, park that is no longer o... (more story)

Texas Aviation Biz Files Ch. 11 In Wake Of Contract Suit

Aviation business GAI Air has filed for Chapter 11 protection in Texas bankruptcy court with more than $6.5 million in debt, blaming a nearly $2.8 million state court judgment stemming from a failed joint venture.

Gordon Rees 'Profoundly Embarrassed' By Atty's AI Mistakes

Gordon Rees Scully Mansukhani LLC has apologized to an Alabama bankruptcy court for a filing submitted by one of its lawyers that contained mistakes it blamed on artificial intelligence, saying it's "profoundl... (more story)

PrimaLend's Ch. 11 Funding OK'd Over Noteholder Pushback

PrimaLend Capital Partners LP, a lender to auto dealerships, received interim approval for $16 million of Chapter 11 financing from its senior secured lenders after a Texas bankruptcy judge overruled an object... (more story)

Singapore Crypto Co. Seeks Ch. 15 Recognition In NY

The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stol... (more story)

RunItOneTime Tells Judge Debtor In Talks For More DIP Cash

RunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the... (more story)

NJ Property Owner Puts Office, Industrial Properties In Ch. 11

A New Jersey property owner has put several of its office and industrial properties into Chapter 11, according to multiple petitions filed in New Jersey bankruptcy court.

Entities Tied To NYC's Former Hudson Hotel File For Ch. 11

Two companies affiliated with the former Hudson Hotel near Manhattan's Columbus Circle have filed for Chapter 11 protection in Delaware, listing between $100 million and $500 million each in both assets and liabilities.

Conn. Panel Doubts Ex-Alex Jones Atty Can Skirt Suspension

Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt tha... (more story)