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Energy-efficiency aggregator American Efficient LLC filed for Chapter 11 protection as it fights a $1.1 billion fine from a federal regulator, blaming the penalty on rules that it said don't actually exist and wouldn't be enforceable even if they did.
A century-old alcohol distributor filed for bankruptcy while pursuing an asset sale, subprime lender CashCall entered Chapter 11 after facing more than $400 million in legal judgments, and a Bitcoin miner filed for Chapter 11 amid mounting losses and plans to sell its assets.
A group of attorneys from Sidley Austin LLP is leading the Chapter 11 case of Alea Holdings US Co., a unit of Bermuda-based insurance group Catalina Holdings, as the company plans to use its bankruptcy to push through a $20 million deal with a major creditor.
Bankrupt specialty materials maker Alkegen received permission Tuesday from a Texas judge to access part of a $630 million bankruptcy loan from existing lenders after opposition over the size of the interim pa... (more story)
Investment platform Linqto and its unsecured creditors committee got a hearing delayed in their lawsuit against the debtor's liquidating trustee, after telling a judge Tuesday the parties were working on a resolution.
A minority term lender group in Trinseo PLC's Chapter 11 case is asking a Texas bankruptcy judge to let it seek approval for its own reorganization plan for the plastic maker, saying the debtor's prearranged p... (more story)
A Texas bankruptcy judge Tuesday authorized TV service provider Dish to pay back some $2 billion in notes using proceeds from a $23 billion deal between its nondebtor parent, EchoStar Corp., and cell phone net... (more story)
Nielsen has asked the Second Circuit to reconsider a ruling upholding an injunction in a case from Cumulus accusing it of tying sales of its national radio ratings data to its local offerings, telling the appe... (more story)
Johnson & Johnson announced Monday that it has agreed to pay some $5.5 billion to put to rest tens of thousands of lawsuits alleging its talcum powder products caused ovarian cancer, with plaintiffs' counsel c... (more story)
A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.
David Shabsels, who listed $782 million of liabilities in his personal Chapter 11 bankruptcy case, said Monday he often signed loan documents that were given to him by his brother, against whom he may have fut... (more story)
Kirkland & Ellis LLP has hired a mass tort restructuring duo from Jones Day in the Lone Star State, the firm announced Monday.
Fat Brands received confirmation Monday of its Chapter 11 plan after a Texas bankruptcy judge overruled remaining objections to the chain restaurant operator's post-sale wind-down plan.
The Third Circuit affirmed Tuesday that hospital owner Alecto Healthcare Services' streamlined Chapter 11 and the resulting plan confirmation withstood an appeal by a creditors' group.
Tubos, a steel pipe maker, filed for Chapter 15 protection in a Texas bankruptcy court Tuesday, seeking recognition of a Spanish insolvency proceeding it had launched, saying U.S. tariffs damaged its business.
The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly puttin... (more story)
The owner of a West Virginia coal-fired power plant filed for Chapter 11 relief Monday with more than $70 million of funded debt and plans to sell the facility, with the new management installed earlier this y... (more story)
The owner of a century-old mansion turned hotel and event venue told a New York bankruptcy judge on Monday that it is in talks with a buyer for the property with an offer that would repay creditors in full and... (more story)
A Simpson Thacher & Bartlett LLP partner wrapped up her testimony Monday in a Florida state malpractice trial brought by the founder of Patriot National Inc., telling the jury that the founder was willing to f... (more story)
A Delaware bankruptcy judge on Monday declined to recuse himself from an adversary suit in the bankruptcy of Team Systems International, saying the request by former executives of the bankrupt government contr... (more story)
An entity used to renovate a century-old Long Beach, California, hotel reached an $80.8 million settlement with a New York lender in federal bankruptcy court after filing for Chapter 11 protection last fall.
Subprime lender CashCall Inc. can tap into a roughly $4 million Chapter 11 financing package, a California bankruptcy judge said Friday after the lender, which is owned by the debtor's CEO, agreed to remove a ... (more story)
Trajector Holdings LLC, a disability benefits company, has filed for Chapter 11 relief in Florida with around $65 million in liabilities, citing a governance dispute, class actions and regulatory challenges.
Kate Wellman, John Stoker and Neil Bloomfield
A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)
Jessica Caterina
Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)
Jamie Aycock
A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)