To access this content, a subscription to Bankruptcy Authority is required.
Under The Radar: Bankruptcy News You May Have Missed
Warner Bros. asked a Delaware bankruptcy judge in Village Roadshow's Chapter 11 case to allow arbitration over profits tied to "The Matrix" films to continue. Rap artist Curtis "50 Cent" Jackson III asked to reopen his Connecticut bankruptcy, saying his confirmed Chapter 11 plan discharged a personal injury claim filed against him in New York. And the Second Circuit deployed the chief bankruptcy judge of the Eastern District of New York to help mediate adversary proceedings in Chinese exile Miles Guo's Chapter 11 case.
Meet The Attys Helping Food Distributor Harvest In Ch. 11
Former wholesale food distributor Harvest Sherwood Food Distributors Inc. has tapped a team of lawyers from Sidley Austin LLP to see it through a Chapter 11 process the debtor plans to use to wind down its perishable products business and sell its assets.
Why Boy Scout Releases Were OK Despite Failing Purdue Test
The Third Circuit's rejection of challenges to third-party releases in the Boy Scouts of America's Chapter 11 plan may appear at odds with the U.S. Supreme Court's Purdue decision last year, but the panel said the already enacted plan can't be undone even if it couldn't pass muster today, experts told Law360.
Under The Radar: Bankruptcy News You May Have Missed
Warner Bros. asked a Delaware bankruptcy judge in Village Roadshow's Chapter 11 case to allow arbitration over profits tied to "The Matrix" films to continue. Rap artist Curtis "50 Cent" Jackson III asked to reopen his Connecticut bankruptcy, saying his confirmed Chapter 11 plan discharged a personal injury claim filed against him in New York. And the Second Circuit deployed the chief bankruptcy judge of the Eastern District of New York to help mediate adversary proceedings in Chinese exile Miles Guo's Chapter 11 case.
Meet The Attys Helping Food Distributor Harvest In Ch. 11
Former wholesale food distributor Harvest Sherwood Food Distributors Inc. has tapped a team of lawyers from Sidley Austin LLP to see it through a Chapter 11 process the debtor plans to use to wind down its perishable products business and sell its assets.
Why Boy Scout Releases Were OK Despite Failing Purdue Test
The Third Circuit's rejection of challenges to third-party releases in the Boy Scouts of America's Chapter 11 plan may appear at odds with the U.S. Supreme Court's Purdue decision last year, but the panel said the already enacted plan can't be undone even if it couldn't pass muster today, experts told Law360.
Expert Analysis
.jpg)
Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the... (more story)
In Mega Newco, a New York bankruptcy court recently recognized an English scheme of arrangement involving a Mexica... (more story)
The discovery process and the rules that govern it are often absent from law school curricula, but developing a so... (more story)
Large Cap More
Troutman Pepper Locke LLP on Thursday announced it has hired Christopher J. Fernandez from K&L Gates LLP as a partner in its bankruptcy and restructuring practice group in Charlotte, North Carolina.
A New York bankruptcy judge Thursday said international shipping group Eletson Holdings can collect legal fees for its long-running fight against former board members and that he would consider new sanctions a... (more story)
Failed cryptocurrency lender Genesis Global has asked a New York bankruptcy judge to throw out investment bank Jefferies' request for an order forcing the wind-down debtor to take back money it paid Jefferies ... (more story)
Whiteford Taylor & Preston LLP has added a Montgomery McCracken Walker & Rhoads LLP bankruptcy attorney in Delaware to bolster its capacity to handle Chapter 11 and other bankruptcy proceedings.
Delaware law firm Richards Layton & Finger PA this week unveiled completed renovations to its 150,000-square-foot, multifloor office at One Rodney Square in Wilmington, where the firm's president said the reva... (more story)
Infowars host Alex Jones cannot avoid a $1.3 billion defamation judgment favoring the victims of the Sandy Hook Elementary massacre while he crafts an appeal to the U.S. Supreme Court in the hopes it accepts h... (more story)
A Delaware bankruptcy judge approved a request from defunct trucking company Yellow Corp. to sell a number of trucking terminals in the U.S. for a combined total of about $14 million.
McGlinchey Stafford PLLC announced that the firm has added a real estate and financial services pro to its financial services litigation practice, who joins the firm following a five-year stint in private practice.
The operator of 62 Buddy's Home Furnishings locations has objected to the assumption of its franchise agreements under the proposed Chapter 11 plan for the holding company that owns a suite of retailers includ... (more story)
A New York bankruptcy judge has rejected Reed Smith LLP's effort to withdraw its representation of one of the parties vying for control of international shipping group Eletson Holdings, ruling the law firm's b... (more story)
Mid Cap More
A New Jersey-based former CEO of a medical billing company has pled guilty to conspiring to commit securities fraud in connection with government claims he was part of a $212.5 million scheme to inflate the va... (more story)
A Florida bankruptcy judge on Thursday granted final approval for Silver Airways LLC's $5.5 million debtor-in-possession financing and bidding procedures for the sale of all its assets to the DIP lender, follo... (more story)
Unsecured creditors in Azzur Group's Chapter 11 case have urged a Delaware bankruptcy judge to reject the debtor's Chapter 11 plan, arguing that the proposal would "gratuitously and broadly" release potential ... (more story)
A Delaware bankruptcy judge expressed doubts Thursday about the viability of a Chapter 11 settlement proposed by Heritage Coal that would resolve a foreclosure action undertaken by secured lenders, saying that... (more story)
Lithium battery recycler Li-Cycle asked a New York bankruptcy judge to recognize its Canadian insolvency, saying the current political climate has made investors wary of infusing money needed to tap a $475 mil... (more story)
A New Jersey bankruptcy judge on Wednesday agreed to grant interim approval for debtor-in-possession financing to Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, a... (more story)
Indoor farming upstart Plenty Unlimited Inc. secured a Texas bankruptcy judge's blessing Wednesday on a plan to leave Chapter 11 and renew efforts to expand its strawberry-growing facility in Richmond, Virgini... (more story)
A New York federal judge denied a former Major Lindsey & Africa recruiter's bid to disqualify Smith Gambrell from representing Major Lindsey in the employee's $75 million federal defamation suit, saying the re... (more story)
Sustainability-focused financial services firm Aspirations Partners received approval Wednesday in Delaware bankruptcy court for its Chapter 11 sale procedures after reaching an agreement with unsecured credit... (more story)
A Delaware bankruptcy judge on Wednesday approved California hotel operator MOM CA Investco LLC's request to sell a 188-unit apartment complex in Redlands, California, despite an objection from creditors who h... (more story)