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A BlockFills creditor wants a Chapter 11 trustee to take over the crypto group's bankruptcy, Saks has asked for more time to accept or reject leases, and the creditors committee for healthcare group Carbon Health Technologies says its latest bankruptcy funding loan is too high.
The unsecured creditors' committee for California-based home solar panel installer Freedom Forever has put together a team of lawyers from Willkie Farr & Gallagher LLP and Blank Rome LLP as the debtor winds through a Chapter 11 to address the loss of federal tax deductions.
Bankruptcy experts and attorneys for cannabis companies will be closely watching next Tuesday's Chapter 15 recognition hearing for The Cannabist Co. Holdings, which if approved could provide a novel path for cannabis-related companies to access U.S. bankruptcy court after historically being blocked by marijuana's status as a federally controlled substance.
Saks will seek the all-clear to sell leases, cannabis products purveyor Cannabist will look for Chapter 15 recognition and solar project Tonopah Solar Energy LLC will ask for interim approval of its plan and disclosure.
The Roman Catholic Diocese of Buffalo, New York, has asked for a bankruptcy court's permission to accept a $4.6 million offer for its headquarters, after its stalking horse bidder was outbid.
The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $1... (more story)
The bankrupt Norwich Roman Catholic Diocesan Corp. has reached a settlement with its insurer in a Connecticut state court lawsuit alleging the insurer improperly bailed on defense coverage for a sexual abuse c... (more story)
An attorney for Nielsen urged a Second Circuit panel Thursday to undo an order, which is currently stayed, effectively blocking it from conditioning media company Cumulus' access to national radio ratings data... (more story)
Textile developer Lycra received confirmed Thursday from a Texas bankruptcy judge for its restructuring plan, which calls for erasing $1.2 billion of debt from its balance sheet, capping a quick trip through Chapter 11.
Mexico-based marine oil rig service company DEMAR Instaladora y Constructora SA de CV has asked a Texas bankruptcy court to recognize its Mexican bankruptcy proceeding, saying that it spiraled financially afte... (more story)
A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "ma... (more story)
Manhattan federal prosecutors said sentencing for the former chief revenue officer of the defunct cryptocurrency firm Celsius Network should reflect that the executive provided "substantial assistance" to the ... (more story)
First Brands Group lender Aequum Capital has urged a Texas bankruptcy judge to reject unsecured creditors' bid to extend a deadline for their investigation into liens that Aequum asserted, saying the creditors... (more story)
A Texas bankruptcy judge Friday approved $11 million in additional Chapter 11 financing for urgent care facility operator Carbon Health Technologies as talks continue between parties in the case.
Parker Group Inc., a Valar Ventures-backed digital banking service for online businesses, has filed for Chapter 7 in Delaware bankruptcy court with $50 million to $100 million each in assets in liabilities.
A New Jersey federal judge closed the books on a years-long severance dispute between A360 Media LLC, Bauer Media Group USA LLC and a former executive, after entering a sealed opinion and order terminating the case.
A New York bankruptcy judge Thursday told former talc miner Vanderbilt Minerals it can accept a $64 million bid for its mines and said she will give interim approval for $15 million in new Chapter 11 financing from the buyer.
A Delaware bankruptcy judge on Thursday signed off on a request by US Magnesium's unsecured creditors to solicit votes on a Chapter 11 liquidation plan, months after the defunct mineral supplier sold most of i... (more story)
Connecticut Healthcare Insurance Co., a Cayman Islands insurance company indirectly owned by bankrupt hospital chain Prospect Medical Holdings, received provisional relief Thursday for its Cayman wind-up proce... (more story)
The Office of the U.S. Trustee opposed the Chapter 11 disclosure statement of a bankrupt Alaska-based airline, saying it lays out a "fundamentally unfair" process for creditors to object if the debtor tries to... (more story)
Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its ... (more story)
An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed c... (more story)
The International Union of Police Associations AFL-CIO received approval Wednesday in Florida bankruptcy court to modify the automatic stay in its Chapter 11 case to pursue its appeal of an adverse state court... (more story)
John Powell
The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial ... (more story)
Kenneth Rosen
Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Cha... (more story)
Eric Yakaitis
Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)