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Stablecoin Law Risks Instability For Crypto Bankruptcies
Legislation enacted this past week to regulate payment stablecoins features some of the most significant changes to U.S. bankruptcy law in two decades, providing coinholders with first-priority claims in certain insolvency cases in a way that risks sowing dysfunction in bankruptcy proceedings, experts told Law360.
Meet The Attys In Solar Panel Co. Meyer Burger Unit's Ch. 11
The U.S. manufacturing affiliate of Swiss solar panel maker Meyer Burger has tapped attorneys from the firm Richards Layton & Finger PA to lead its Chapter 11 case as it attempts to complete a speedy sale after facing industry headwinds and being unable to raise enough money to bring its two U.S. manufacturing sites up to capacity.
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Catching Up With New Bankruptcy Case Action
A medical testing device manufacturer hit Chapter 11 in Texas with plans for a debt-equity swap. A pet care app firm entered bankruptcy in Delaware with hopes of completing a quick, prepackaged restructuring. And a work wear company filed a Chapter 11 petition in New Jersey, blaming its lender for its financial woes.
Stablecoin Law Risks Instability For Crypto Bankruptcies
Legislation enacted this past week to regulate payment stablecoins features some of the most significant changes to U.S. bankruptcy law in two decades, providing coinholders with first-priority claims in certain insolvency cases in a way that risks sowing dysfunction in bankruptcy proceedings, experts told Law360.
Meet The Attys In Solar Panel Co. Meyer Burger Unit's Ch. 11
The U.S. manufacturing affiliate of Swiss solar panel maker Meyer Burger has tapped attorneys from the firm Richards Layton & Finger PA to lead its Chapter 11 case as it attempts to complete a speedy sale after facing industry headwinds and being unable to raise enough money to bring its two U.S. manufacturing sites up to capacity.
Catching Up With New Bankruptcy Case Action
A medical testing device manufacturer hit Chapter 11 in Texas with plans for a debt-equity swap. A pet care app firm entered bankruptcy in Delaware with hopes of completing a quick, prepackaged restructuring. And a work wear company filed a Chapter 11 petition in New Jersey, blaming its lender for its financial woes.
Expert Analysis
Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a c... (more story)
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want,... (more story)
Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies,... (more story)
Large Cap More
Delaware firm Richards Layton & Finger PA has named two partners who have each spent more than 20 years at the firm to serve as leaders of its bankruptcy and corporate restructuring and litigation departments.
The electric utility for Puerto Rico on Wednesday defended itself in New York bankruptcy court from allegations that it had improperly spent its revenues, which the bondholders claim as collateral for $8.5 bil... (more story)
A group of insurance companies said the updated reorganization plans of Imerys Talc America and Cyprus Mines Corp. have not sufficiently addressed how foreign creditors are treated, an issue that halted an Apr... (more story)
A Connecticut federal judge has sided with Yale New Haven Health Services Corp., the state's largest hospital system, in sending a contract suit with a bankrupt hospital seller back to state court, finding tha... (more story)
A Delaware bankruptcy judge told Avon on Wednesday that the wording of its Chapter 11 plan needs some work before he can approve it, finding the company's insurance carriers had raised objections worth addressing.
An attorney for companies embroiled in asbestos injury suits urged a Delaware vice chancellor Tuesday to block plans by asbestos bankruptcy claims trusts to begin routine destruction of exposure-related data, ... (more story)
A New York federal judge found Tuesday the terms of Puerto Rico's debt restructuring plan bars holders of bonds issued by the island's public electric utility from lodging a claim against its government.
A federal judge in North Carolina on Tuesday signed off on a special master's request to divvy up $318 million from the sale of one of convicted insurance mogul Greg Lindberg's most valuable assets to help pay... (more story)
A Texas bankruptcy judge has refused to stay the Chapter 11 case of Highland Capital LP in whole or in part, denying a pair of requests from the state of Texas and from a trust affiliated with ex-CEO James Don... (more story)
The creditors committee for Azul SA said Tuesday it supports the bankrupt Brazilian airline's $1.57 billion debtor-in-possession financing after securing concessions from the debtor's DIP lenders, including an... (more story)
Mid Cap More
A prospective developer of a Westchester County, New York, property has filed for Chapter 11 protection in a New York bankruptcy court with more than $10 million in debt and a mortgage provider seeking to dism... (more story)
A Delaware bankruptcy judge said Wednesday she will approve the bidding procedures that an insolvent subsidiary of The Dolphin Co. proposed for a sale of all its assets, once the debtor makes certain revisions... (more story)
Charter School Capital Inc.'s largest unsecured creditor has asked a Delaware bankruptcy judge to throw out the debtor's bid to depose its principal, arguing the request is "obvious retaliation against" the in... (more story)
An entity connected to hospitality management and ownership company GF Hotels & Resorts sold off a New York City hotel to an entity connected to real estate company Hawkins Way Capital, in a $154.5 million dea... (more story)
A Missouri bankruptcy judge ruled Tuesday that 23andMe's consumer privacy ombudsman can hire WilmerHale, finding the firm's work for a would-be buyer of the genetic testing company's assets hadn't impacted its... (more story)
A Delaware bankruptcy judge on Tuesday granted interim approval for pet care app company Wag! to gain access to $4 million in postpetition financing, backed by its prepetition lender, which would support the c... (more story)
A Florida bankruptcy judge was freed Tuesday from a suit alleging he was biased while presiding over the Chapter 11 case of the company behind Bang energy drinks.
A New York bankruptcy judge on Monday gave approval to bankrupt information technology company Sysorex Government Services Inc. to retain Cullen and Dykman LLP as bankruptcy counsel and to sell its business fo... (more story)
Last week at the Delaware Court of Chancery, a major settlement between Meta Platforms Inc. and its investors reached on the proverbial courthouse steps during day two of a trial ended an $8 billion-plus suit ... (more story)
The pet care app Wag! filed for bankruptcy on Monday, saying it expects to have a prepackaged restructuring plan confirmed in just over a month that will transfer ownership of the publicly traded company to it... (more story)