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Life science investment group Apple Tree has asked a Delaware bankruptcy judge to disqualify Quinn Emanuel from representing its portfolio companies after a Cayman Islands court installed new managers of the fund. A Texas bankruptcy judge rejected a bid from a creditor of a creditor to challenge a settlement in healthcare company Global Wound Care's Chapter 11 case. And Dish's wireless division wants a longer exclusive window to propose a reorganization plan.
The eventful bankruptcy of wildlife adventure group The Dolphin Co. is subject to new controversy as the debtor pitches a Chapter 11 liquidation plan that its unsecured creditors committee says manufactured its only voting class to get the proposal approved.
The purported director of 25 Chapter 15 debtors connected with the Prince Group — whose founder is accused of running one of Asia's largest transnational criminal organizations — asked a New York bankruptcy judge to revoke relief granted in the case after proceedings in the British Virgin Islands were set to be dismissed.
LIV Golf is shutting down its plan to reorganize after one of its debtor-in-possession lenders backed out of its pledge to contribute $300 million toward its reorganization, the troubled men's professional golf league told...(read more)
A New Jersey bankruptcy judge said Thursday he will need to see more evidence to resolve an "ambiguity" over whether class action privacy claims against genetic testing company Invitae Corp. belong in his court.
A New York bankruptcy judge said Thursday he would allow Spirit Airlines to lift a temporary restraining order on executives at CSDS Asset Management and Zed Aerocapital LLC as part of an adversary case over a failed airpl...(read more)
A commercial tower landlord has asked the Federal Communications Commission for clarification or a waiver of agency rules governing a trust that EchoStar must use to repay companies related to its bankruptcy case.
A Texas bankruptcy judge Wednesday denied a motion for stay relief in the Chapter 11 case of investment firm 777 Partners, finding a creditor's request to conduct discovery of the debtor in connection to a New York fraud l...(read more)
The daughter of Chinese exile Miles Guo said that the Chapter 11 trustee who controls her father's bankruptcy estate is conflating two separate sections of the Bankruptcy Code, and she again urged the U.S. Supreme Court to...(read more)
A union representing flight crew members for SkyWest Airlines has asked a New York bankruptcy court for permission to intervene in the Chapter 11 case of budget airline owner Spirit Aviation Holdings so that it can submit ...(read more)
Weil Gotshal & Manges LLP's proposed wind-down could leave its London partnership with continuing obligations to clients, employees and creditors long after departing lawyers have joined rival firms, legal and regulatory s...(read more)
Gibson Dunn is set to hire the U.S. and London-based private funds teams from Weil Gotshal & Manges LLP, bringing on 120 attorneys in the largest group move reported since Weil's management committee recommended last week ...(read more)
The Federal Court of Australia heard Wednesday that Tom Wallace of Gibraltar Capital, the buyer of many former Public Hospitality pubs, is employing and acting as a lender to failed businessman Jon Adgemis, in a case exami...(read more)
The Delaware Chancery Court on Thursday declined to revise rulings in a yearslong dispute over a distressed credit fund's records and more than $9 million of withheld cash, disagreeing with arguments that the fund's former...(read more)
A Pennsylvania federal bankruptcy judge had qualms Thursday about plans to wind down the last two restaurants in the formerly regional Kings Family Restaurant chain, worrying the involuntary bankruptcy was driven by lawyer...(read more)
A Delaware bankruptcy judge Thursday granted interim approval for a $1.23 million debtor-in-possession financing package for WeAre8, an artificial intelligence-moderated social media app, to fund its Chapter 11 proceedings...(read more)
A Delaware bankruptcy judge Thursday gave fitness business FitLab Inc. interim permission to take out $2.5 million in Chapter 11 financing after hearing the company will be seeking to sell off its assets.
A Texas bankruptcy judge said Wednesday that he would allow health-focused restaurant chain True Food Kitchen to borrow another $2 million to fund its Chapter 11 case and pay employees.
FitLab on Wednesday blamed supply chain disruptions in its exercise equipment business and a failed partnership with Nike for its Chapter 11 filing.
WeAre8, a social media platform that uses artificial intelligence to moderate content, has filed for Chapter 11 protection in Delaware with more than $32 million in funded debt and plans to sell all its assets.
Simry Real Estate Corp. on Wednesday told a New York bankruptcy judge that it expects to settle a dispute with a member of the debtor's controlling family by the end of the week.
A Delaware bankruptcy judge has given West Virginia coal plant operator Omnis Pleasants the go-ahead to accept an approximately $353 million baseline bid for its assets in an auction to be held next week.
A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be put on hold pe...(read more)
Michael Martinez and Mary Grasta
The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process availa...(read more)
Hon. Brian Palmucci
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries...(read more)
Jane VanLare and Timothy Wolfe
Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avoided using ma...(read more)