To access this content, a subscription to Bankruptcy Authority is required.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
'Homegrown' Clerk To Take Over Del. Bankruptcy Court Post
Delaware's bankruptcy court will soon have a new clerk, a "homegrown" talent who has served the court for more than a decade in various roles, including currently as chief deputy clerk.
Gigapower Contract Dispute Sank Tilson Into Ch. 11
Fiber optic network builder Tilson Technology has blamed its contract with a joint venture of AT&T and BlackRock for a liquidity crunch that pushed the company to launch a Chapter 11 case.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
'Homegrown' Clerk To Take Over Del. Bankruptcy Court Post
Delaware's bankruptcy court will soon have a new clerk, a "homegrown" talent who has served the court for more than a decade in various roles, including currently as chief deputy clerk.
Gigapower Contract Dispute Sank Tilson Into Ch. 11
Fiber optic network builder Tilson Technology has blamed its contract with a joint venture of AT&T and BlackRock for a liquidity crunch that pushed the company to launch a Chapter 11 case.
Expert Analysis
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industr... (more story)
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an unde... (more story)
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new bus... (more story)
Large Cap More
Insurers that do not support talc producer Imerys Talc America's updated Chapter 11 plan told a Delaware judge Thursday that moving too swiftly toward confirmation of the new proposal will have the same result... (more story)
Swiss solar panel maker Meyer Burger's U.S. unit secured a Delaware bankruptcy judge's interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in Chapter 11.
U.S. Bankruptcy Judge Laurel M. Isicoff, who has spent her career promoting financial literacy as a way to avoid financial insolvency, will retire next May after 20 years on the bench in the Southern District ... (more story)
Whiteford Taylor & Preston LLP has added a pair of experienced litigators to its Richmond, Virginia, office as partners from Gordon Rees Scully Mansukhani LLP.
Pullman & Comley LLC has grown its offerings in Connecticut with the addition of a former assistant U.S. attorney who specializes in bankruptcy and litigation matters.
Carmakers Nissan and Tesla are among the seven unsecured creditors chosen by the Office of the U.S. Trustee to serve on the creditor committee in the Chapter 11 case of auto parts maker Marelli Corp.
The Second Circuit on Wednesday granted Reed Smith LLP's emergency motion to stay a Manhattan federal judge's order to turn over client files amid a conflict over the legitimate ownership of international ship... (more story)
Swiss solar panel maker Meyer Burger Wednesday put its U.S. manufacturing affiliate into Chapter 11 in a Delaware bankruptcy court with $562 million in debt, saying it will seek a quick sale in the wake of a f... (more story)
Telefónica del Perú, a telecommunications company that provides phone, internet and television services to 13 million customers, received recognition Wednesday from a Texas bankruptcy judge for its Peruvian in... (more story)
O'Melveny & Myers LLP has launched a special credit and liability management group, announcing the move Tuesday as a reflection of "growing client demand for integrated, end-to-end support across the credit cy... (more story)
Mid Cap More
A Texas bankruptcy judge said Thursday she will grant final approval for Harvest Sherwood Food Distributors Inc. to access a $104 million debtor-in-possession financing facility, which would bring $25 million in new funds.
A Connecticut bankruptcy judge ruled that famous rapper Curtis "50 Cent" Jackson's liquor company Sire Spirits LLC can enforce its lien on its former brand manager Mitchell Green's home in Westport to get some... (more story)
The owner of a Houston apartment complex filed for Chapter 11 protection in New York bankruptcy court with up to $50 million in debt.
A Florida bankruptcy judge Thursday paused his order mandating the appointment of a trustee to oversee Silver Airways' Chapter 11, after being told a trustee could not be named in time to run an auction of the... (more story)
Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million.
The official committee of unsecured creditors for restaurant chain Hooters of America objected to a proposed break-up fee payable to a buyers' group, telling a Texas bankruptcy judge break up fees are meant to... (more story)
Federal Reserve Chairman Jerome Powell told senators Wednesday that Congress might want to consider permitting greater dischargeability of student loans, questioning whether it is a "wise national policy" to t... (more story)
The opportunity to join a strong team at Klehr Harrison Harvey Branzburg LLP's Philadelphia office was music to the ears of an attorney who moved his litigation practice after 22 years with McElroy Deutsch Mul... (more story)
A former McDermott Will & Emery LLP restructuring partner has returned to Winston & Strawn LLP after more than two decades away, becoming the latest member of its transactions department in New York.
A Florida federal grand jury has charged the founder of a special needs nonprofit and its accountant with multiple counts of fraud stemming from a scheme to steal $100 million from the organization, alleging t... (more story)