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The purported director of 25 Chapter 15 debtors connected with the Prince Group — whose founder is accused of running one of Asia's largest transnational criminal organizations — asked a New York bankruptcy judge to revoke relief granted in the case after proceedings in the British Virgin Islands were set to be dismissed.
A team of lawyers from Pachulski Stang Ziehl & Jones LLP and KTBS Law LLP is leading the Chapter 11 case of Outback Steakhouse franchisee Cerca Trova Restaurant Group, which operates 61 franchised eateries in California and the Southwestern states, as the company plans to pursue a going-concern sale.
Law firms, law schools and individual attorneys are offering support to affected Weil associates and law students, but some still face tough choices ahead.
A Texas bankruptcy judge Wednesday denied a motion for stay relief in the Chapter 11 case of investment firm 777 Partners, finding a creditor's request to conduct discovery of the debtor in connection to a New York fraud l...(read more)
The daughter of Chinese exile Miles Guo said that the Chapter 11 trustee who controls her father's bankruptcy estate is conflating two separate sections of the Bankruptcy Code, and she again urged the U.S. Supreme Court to...(read more)
A union representing flight crew members for SkyWest Airlines has asked a New York bankruptcy court for permission to intervene in the Chapter 11 case of budget airline owner Spirit Aviation Holdings so that it can submit ...(read more)
Weil Gotshal & Manges LLP's proposed wind-down could leave its London partnership with continuing obligations to clients, employees and creditors long after departing lawyers have joined rival firms, legal and regulatory s...(read more)
Gibson Dunn is set to hire the U.S. and London-based private funds teams from Weil Gotshal & Manges LLP, bringing on 120 attorneys in the largest group move reported since Weil's management committee recommended last week ...(read more)
The Federal Court of Australia heard Wednesday that Tom Wallace of Gibraltar Capital, the buyer of many former Public Hospitality pubs, is employing and acting as a lender to failed businessman Jon Adgemis, in a case exami...(read more)
Fourteen states, a U.S. senator from Missouri and others are urging the U.S. Supreme Court to reverse a Second Circuit decision overturning a New York judge's $16 billion judgment against Argentina in a case that arose fro...(read more)
The plan administrator in the Chapter 11 case of solar panel company SunPower told a Delaware bankruptcy judge Tuesday the $13 million tax underpayment claim lodged by a California state agency should be denied, contending...(read more)
Cancer drug developer Karyopharm Therapeutics Inc. on Tuesday secured a Texas bankruptcy judge's approval to borrow $25 million in Chapter 11 financing and solicit bids for its business, as the company looks to merge with ...(read more)
A Florida bankruptcy judge Tuesday agreed to allow luxury apartment building developer ZOM to tap $5 million of debtor-in-possession financing provided by an affiliate, after the debtor struck a temporary truce with an obj...(read more)
A Texas bankruptcy judge said Wednesday that he would allow health-focused restaurant chain True Food Kitchen to borrow another $2 million to fund its Chapter 11 case and pay employees.
FitLab on Wednesday blamed supply chain disruptions in its exercise equipment business and a failed partnership with Nike for its Chapter 11 filing.
WeAre8, a social media platform that uses artificial intelligence to moderate content, has filed for Chapter 11 protection in Delaware with more than $32 million in funded debt and plans to sell all its assets.
Simry Real Estate Corp. on Wednesday told a New York bankruptcy judge that it expects to settle a dispute with a member of the debtor's controlling family by the end of the week.
A Delaware bankruptcy judge has given West Virginia coal plant operator Omnis Pleasants the go-ahead to accept an approximately $353 million baseline bid for its assets in an auction to be held next week.
A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be put on hold pe...(read more)
The country's largest Outback Steakhouse franchisee received approval Tuesday from a Delaware bankruptcy judge to access part of a $5.5 million Chapter 11 loan so that it can meet an upcoming payroll obligation and keep fo...(read more)
A legacy unit of defunct tire maker Uniroyal received confirmation of its Chapter 11 plan Tuesday from a New Jersey bankruptcy judge, who overruled an objection from U.S. Trustee's Office to the proposal's opt-out mechanis...(read more)
A federal judge Tuesday said he was not inclined to rule just yet on a motion to compel documents and other discovery material related to the closure and attempted renaming of the John F. Kennedy Center for the Performing ...(read more)
FuturHealth, a weight loss-focused telehealth platform, can access $1.5 million of its $5 million debtor-in-possession loan, a Delaware bankruptcy judge said Tuesday, granting interim approval of the financing package as t...(read more)
Michael Martinez and Mary Grasta
The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process availa...(read more)
Hon. Brian Palmucci
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries...(read more)
Jane VanLare and Timothy Wolfe
Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avoided using ma...(read more)