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Proskauer Welcomes 2 New Partners To NY Office

Proskauer Rose LLP announced this week that it has added two partners to its New York office — a restructuring attorney who joins from Davis Polk & Wardwell LLP and a private funds attorney who comes from advi... (more story)

Chinese Developer Kaisa Gets Ch. 15 Recognition

Chinese property developer Kaisa Group received recognition of its Hong Kong insolvency proceeding, under which it is seeking to restructure its more than $15 billion of debt.

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgar... (more story)

Platinum Execs, Feds Spar Amid $70M Bond Fraud Appeals

The Second Circuit on Thursday once again weighed the nearly decadelong fraud case against former Platinum Partners executives, which has led to hard-fought trials, convictions, acquittals, appellate reversals... (more story)

Trustee Raises Red Flag Over TPI Composites Plan Releases

The U.S. Trustee's Office objected to the Chapter 11 plan of reorganization for wind blade maker TPI Composites, telling a Texas court the plan includes third-party releases barred by the U.S. Supreme Court in... (more story)

First Brands Can't Pay Administrative Costs, Watchdog Says

The U.S. Trustee's Office is asking a Texas bankruptcy judge to convert First Brand's Chapter 11 case to a Chapter 7 liquidation, saying the auto-parts maker admitted in its proposed restructuring plan it cann... (more story)

Fenwick Hit With FTX Suit In DC Over $525M Losses

A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from t... (more story)

Judge Nixes Fraud Claim For Last-Minute FTX Investment

A Delaware bankruptcy judge Thursday ruled an investor who signed on to a last-minute offering by cryptocurrency platform FTX does not have a claim for fraud, saying it went into the transaction knowing the co... (more story)

Blank Rome Adds Husch Blackwell's Dallas Leader

Blank Rome LLP has added a former Husch Blackwell LLP lawyer to its finance, restructuring and bankruptcy practice in Dallas as the firm continues to strengthen its investment in the north Texas market.

CVS' Omnicare Gets OK For $250M Ch. 11 Sale

A Texas bankruptcy judge Wednesday approved the $250 million sale of Omnicare, the bankrupt long-term care facility pharmacy unit of CVS, to the stalking horse for its Chapter 11 auction.

Mid Cap More

Axip Can Solicit Ch. 11 Plan Votes After Committee Settlement

A Texas bankruptcy judge Friday agreed to approve natural gas compressor company Axip Energy Services LP's disclosure statement, allowing the debtor to seek its creditors' votes on its Chapter 11 plan.

Carbon Health Strikes $12M Creditor Deal In Ch. 11

Urgent care facility operator Carbon Health Technologies has reached a $12 million settlement with its official committee of unsecured creditors, the debtor's counsel said Thursday.

Ed Tech Co. Conscious Content Nears Ch. 11 Plan OK

The bankrupt education technology company Conscious Content Media on Thursday neared confirmation of its Chapter 11 reorganization plan, after a Delaware judge said he will grant his approval once documents ar... (more story)

E-Commerce Co. Hits Ch. 11 In Texas After $11M Judgment

E-commerce platform Society Pass has filed for Chapter 11 protection in Texas bankruptcy court with more than $10 million in liabilities and less than $10 million in assets, on the eve of a hearing Wednesday i... (more story)

NJ Event Venue's Ch. 11 Should Be Ch. 7, Lender Says

Bogota Savings Bank has urged a New Jersey bankruptcy judge to convert to a liquidation or throw out the Chapter 11 case of the company behind an event venue called The Chariot, arguing that more than a year i... (more story)

IronNet Secures Funds To Complete Ch. 11, Ducks Dismissal

IronNet has begun to receive funding that will allow the cybersecurity firm to officially close its Chapter 11 case and resolve a bid to toss or convert the proceeding, more than two years after the debtor rec... (more story)

NHL's Blackhawks Challenge Fintech's Sponsor Deal In Ch. 11

The Chicago Blackhawks have told the Delaware bankruptcy court the hockey team needs more information about a potential buyer if troubled crypto financial technology firm Blockfills assigns a sponsorship deal ... (more story)

Tariff Refund Sale Bid Hits Diligence Snag In Retailer's Ch. 11

A bankrupt furniture retailer told a Delaware bankruptcy judge Tuesday it needed to delay its proposed sale of tariff refund rights because the potential buyer has not been able to access a government database... (more story)

Spanish Broadcasting Gets Approved For $7M In DIP Funding

A Delaware bankruptcy judge on Tuesday gave radio station operator Spanish Broadcasting System Inc. interim access to $7 million of its proposed $30 million postpetition financing package and set a confirmatio... (more story)

NYC Loft Owner Closes Stormy Ch. 11 With Sale To Lender

A New York bankruptcy judge Tuesday gave the owner of a Manhattan loft permission to hand the property over to its mortgage lender and wind down its business, and congratulated the parties for concluding a con... (more story)

Expert Analysis

3 AI Adoption Mistakes GCs Should Avoid

The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constr... (more story)

How Del. Courts Will Likely Evaluate AI Oversight Claims

While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial int... (more story)

4 Emerging Approaches To AI Protective Order Language

Over the last year, at least five federal district courts have issued or analyzed specific protective order provis... (more story)