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Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11
A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
Celsius Ends FTX Clawback Suit, Rite Aid Unit Sale OK'd
FTX's Bahamas unit and bankrupt cryptocurrency lender Celsius Network reached a settlement resolving an adversary lawsuit seeking the return of around $517 million in pre-bankruptcy transfers. A New Jersey bankruptcy judge approved Rite Aid's roughly $19 million sale of an ice cream brand to a pair of billionaires behind Monster Energy. And insurers are challenging Avon's Chapter 11 plan, arguing it unfairly forces them to cover potentially invalid talc injury claims.
Meet The Attorneys Guiding Del Monte In Its $1.2B Ch. 11
A team of attorneys from Cole Schotz PC and Herbert Smith Freehills Kramer are guiding packaged foods giant Del Monte through Chapter 11 as it hopes to find a buyer.
What's Happening In Bankruptcy Court This Coming Week
Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.
Expert Analysis
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Large Cap More
Del Monte, a titan in the canned food industry, entered Chapter 11 in New Jersey. A media company partially controlled by Dr. Phil entered bankruptcy in Texas and began suing its joint venture partner. And a c... (more story)
About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana Health... (more story)
A Texas federal judge has given Jackson Walker LLP and the federal government's bankruptcy watchdog a week to finish mediation in a fee dispute stemming from a former bankruptcy judge's secret relationship wit... (more story)
Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and inte... (more story)
The Texas attorney general is urging a New York bankruptcy court to reject General Motors' bid to escape a data privacy suit being pressed by his office over the automaker's allegedly unlawful collection and s... (more story)
The bankrupt Roman Catholic Bishop of Fresno told a California judge Monday that it would be providing additional evidentiary support for its cash management motion so that the bank accounts of its non-debtor ... (more story)
A Texas appeals court has found that a $50 million judgment issued by a United Arab Emirates court system against executives who allegedly fled the country after committing fraud could not stand under state la... (more story)
AIG Property Casualty Co. has paid more than $6 million to a company once owned by Chinese exile and since-convicted fraudster Miles Guo after a fire damaged his former residence in New York City's Sherry-Neth... (more story)
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely... (more story)
Hospital operator Steward Health Care told a Texas bankruptcy judge Monday it had reached a deal with the buyer of eight of its hospitals to resolve claims over $55 million in disputed Medicaid payments, with ... (more story)
Mid Cap More
A team of Sidley Austin LLP attorneys is helping a media company founded and partially controlled by the television personality known as Dr. Phil through Chapter 11 as it seeks to claw back a $25 million note ... (more story)
A Texas bankruptcy judge on Tuesday gave the final green light to landscape plant grower TreeSap Farms' liquidation plan after hearing the debtor, unsecured creditors' committee and prepetition lenders had rea... (more story)
Fiber network developer Tilson Technology Management Inc. won a Delaware bankruptcy judge's approval Tuesday to take on $150 million in debtor-in-possession financing after the company agreed to increase fundi... (more story)
A Missouri bankruptcy judge on Monday refused California's request that genetic testing company 23andMe Holding Co.'s $305 million Chapter 11 sale be tabled while the Golden State seeks an appeal.
A Delaware bankruptcy judge on Monday gave two law firms permission to stop representing the ousted CEO of Leisure Investments Holdings, the lead debtor and intermediate holding company for aquatics park opera... (more story)
A New York state judge has handed an early win to Lowenstein Sandler LLP against allegations it provided faulty advice in a client's bankruptcy, finding the asset manager that brought the suit was simply attem... (more story)
Music executive Armen Boladian has asked a Florida federal court to sanction funk legend George Clinton, saying he was raising issues already adjudicated in their decades-long series of legal disputes.
Artificial intelligence-powered employment recruiting platform My Job Matcher Inc., which does business as Job.com, filed for Chapter 11 in Delaware with several affiliates, listing over $66 million in liabili... (more story)
IG Design Group Americas Inc., one of the world's biggest manufacturers of gift wrap, won court approval Monday to tap $25 million of new money to finance its bankruptcy case as it pursues a sale of some asset... (more story)
A New York City landlord sued Walmart Inc. and the bankruptcy successor to Bonobos Inc. in Delaware's Court of Chancery late Thursday, asserting hundreds of million in claims and compensatory and punitive dama... (more story)