Federal prosecutors in the Southern District of New York have opposed convicted securities fraudster and bankrupt Chinese exile Miles Guo's bid to force the government to take control of assets from his own Co... (more story)

Three former members of the Financial Oversight and Management Board for Puerto Rico have sued the Trump administration alleging they were illegally fired without cause last month, asking a judge to block the ... (more story)

A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incenti... (more story)

Disgraced attorney Tom Girardi will have to wait in prison while he appeals his wire fraud conviction for stealing from his own clients, a California federal judge has ruled.

Omnicare LLC, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, filed for Chapter 11 bankruptcy relief Monday in Texas following a $949 million judgment against Omnicare an... (more story)

Reed Smith LLP has until the end of the day on Monday to turn over a dozen client files related to its prior representation of shipping company Eletson Holdings amid a dispute with rival Levona, after a Manhat... (more story)

Retail chain Big Lots and its unsecured creditors committee have asked the Delaware bankruptcy court to approve a $6.5 million settlement of claims alleging the company's board bungled a going-concern sale las... (more story)

A Michigan bankruptcy judge has hit Recovery Law Group, a national consumer bankruptcy law firm, with a fine of about $392,000 and a three-year ban on bringing insolvency cases in the Eastern District of Michi... (more story)

The recovery trust created by the Chapter 11 plan of cryptocurrency exchange FTX told a Delaware judge late Thursday that the bankruptcy court has jurisdiction over Binance and its founder in a $1.76 billion c... (more story)

A California bankruptcy judge gave Rizo-Lopez Foods initial permission Friday to draw on Chapter 11 financing provided by brothers who own the business, allowing its cheesemaking operations to continue as the ... (more story)

A California entity tied to a solar energy services company has filed for Chapter 11 protection in San Diego bankruptcy court, listing between $10 million and $50 million in both assets and liabilities.

A data center cooling technology firm urged a Texas bankruptcy judge to reject bitcoin miner Rhodium's more than $6 million sanctions request, saying litigation underlying its $12 million proof of claim in Rho... (more story)

Biotechnology company ProPhase Labs Inc. put three of its COVID-19 laboratory testing subsidiaries in Chapter 11 bankruptcy Monday in New Jersey with combined liabilities of more than $13 million, saying it ha... (more story)

A Washington federal judge will continue to pause the U.S. government's claims against two defendants in an environmental cleanup case following a 2021 incident in which a derelict fishing vessel ran aground w... (more story)

Shipping company Eletson Holdings Inc. told a New York federal court that an appeal regarding its access to emails must be shut down, because the entity that initiated the appeal doesn't exist.

A Texas bankruptcy judge has signed off on a series of settlements worth $2.6 million to resolve claims brought by bankrupt MMA Law that other law firms and parties were holding back money it was owed for repr... (more story)

Polsinelli PC has expanded its bankruptcy team in New York with the addition of an attorney from ArentFox Schiff LLP.

Insolvent luxury tile supplier Mosaic Cos. has informed the Delaware bankruptcy court that the debtor reached a settlement with its creditors committee and a secured lender that secures their support of a Chap... (more story)

The U.S. Trustee's Office is asking a New York bankruptcy court to dismiss two cases connected to celebrity plastic surgeon Michael E. Jones, arguing the debtors have yet to file several required documents.

A party planning to make a bid for the assets of bankrupt casino operator Maverick Gaming has objected to the debtor's bidding procedures, saying it has not provided necessary due diligence material to the pro... (more story)