Vi-Jon, a maker of private-label dry bath products, has filed a disclosure statement and Chapter 11 plan calling for the creation of a settlement trust funded by at least $25 million from its parent company, a proposal that would resolve its talc liabilities.
LIV Golf filed for Chapter 11 protection in New Jersey with more than $500 million in debt. Electric motor manufacturer Reuland Electric Co. and its parent company filed for bankruptcy, citing a deteriorating relationship with a lender. A real estate developer that formerly proposed an Islamic community center near the World Trade Center site in Lower Manhattan filed for Chapter 11 with about $14 million in debt.
A group of attorneys from Young Conaway Stargatt & Taylor LLP and Cooley LLP is representing artificial intelligence-powered drug company BioXcel Therapeutics Inc. in its Chapter 11 case.