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Catching Up With New Bankruptcy Case Action
A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30.
The Fall Of NYC Nightclub Brooklyn Mirage
The owner of Brooklyn Mirage, a massive New York City nightclub, recently filed for bankruptcy, haunted by the ghosts of past, present and future: past concerts over which it's being sued; shows which cannot go on because the venue is presently closed; and future events for which it has sold tickets but which may not happen.
Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds
Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.
Catching Up With New Bankruptcy Case Action
A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30.
The Fall Of NYC Nightclub Brooklyn Mirage
The owner of Brooklyn Mirage, a massive New York City nightclub, recently filed for bankruptcy, haunted by the ghosts of past, present and future: past concerts over which it's being sued; shows which cannot go on because the venue is presently closed; and future events for which it has sold tickets but which may not happen.
Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds
Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.
Expert Analysis
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Large Cap More
Fenwick & West LLP has asked a Florida federal judge to shut down a bid by victims of the infamous FTX Trading Ltd. cryptocurrency scam to bring new claims against the firm, calling allegations that it knew ab... (more story)
Medical transportation company Modivcare has brought together attorneys from Latham & Watkins LLP and Hunton Andrews Kurth LLP to help steer it through a Chapter 11 aimed at addressing $1.1 billion in debt.
A Texas bankruptcy lawyer hit back at efforts to oust her as the wind-down trustee for GWG Holdings, saying her involvement in a judicial ethics and romance scandal is unrelated to her work for the former life... (more story)
A group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October.
The Office of the U.S. Trustee has asked a Delaware bankruptcy court to reopen the 2007 bankruptcy case of HomeBanc Mortgage Corp. after $232,390 in funds from bank accounts that were not turned over at the Ch... (more story)
A New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement o... (more story)
Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sal... (more story)
Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapt... (more story)
An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an... (more story)
Tort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a finan... (more story)
Mid Cap More
Clinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout... (more story)
The U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if... (more story)
Bankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement resolving Indian company Glocal Healthcare's $200 million adversary proceeding in a bitter feud ov... (more story)
Movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," received a Delaware bankruptcy judge's approval Tuesday to sell its independent studio to... (more story)
The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.
The U.S. Trustee's Office on Monday asked a Texas bankruptcy judge to reject Higher Ground Education Inc.'s request to assume a pre-bankruptcy deal with its lenders, saying the agreement dictates the terms of ... (more story)
A split Third Circuit panel on Friday upheld, 2-1, a New Jersey bankruptcy judge's discretion in reopening Congoleum Corp.'s 2003 Chapter 11 case and barring Occidental Chemical from pursuing Congoleum affilia... (more story)
Issues surrounding adequate protection payments in favor of truck lessors and financiers prevented bankrupt trucking firm Titan CNG LLC from receiving approval on Friday for its cash management motion, with a ... (more story)
The Consumer Financial Protection Bureau has reached a settlement with the bankruptcy trustee for Synapse Financial Technologies Inc. that could unlock millions of dollars in relief for consumers whose funds w... (more story)
Vodka maker Stoli Group USA on Friday told a Texas bankruptcy judge it has modified its plan to partially pay off its secured debt with liquor by giving the lender a partial real estate backstop, but that it s... (more story)