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Under The Radar: Bankruptcy News You May Have Missed
Newly bankrupt Rite Aid was let off the hook for multidistrict litigation over a blood pressure medication, thanks to discharges from its previous, now-closed Chapter 11. Strawberry grower Driscoll's took exception to a vertical farmer's bid to sell one of its master services agreements. And trucking company Yellow Corp. asked to conduct yet another asset sale.
Meet The Attorneys Aiding Rite Aid In Its Second Ch. 11
Drugstore chain Rite Aid Corp. has enlisted attorneys from Cole Schotz PC and Paul Weiss Rifkind Wharton & Garrison LLP to assist the debtor as it navigates the Chapter 11 process again, less than a year after its earlier reorganization plan was approved.
Texas Two-Step Takes Second Step Into Appeals Courts
The "Texas two-step" will get its second circuit court test Thursday, as a Fourth Circuit panel takes up the question of whether Georgia-Pacific LLC's funding of the asbestos liabilities of its spinoff Bestwall LLC takes the company out of the jurisdiction of the bankruptcy court.
Under The Radar: Bankruptcy News You May Have Missed
Newly bankrupt Rite Aid was let off the hook for multidistrict litigation over a blood pressure medication, thanks to discharges from its previous, now-closed Chapter 11. Strawberry grower Driscoll's took exception to a vertical farmer's bid to sell one of its master services agreements. And trucking company Yellow Corp. asked to conduct yet another asset sale.
Meet The Attorneys Aiding Rite Aid In Its Second Ch. 11
Drugstore chain Rite Aid Corp. has enlisted attorneys from Cole Schotz PC and Paul Weiss Rifkind Wharton & Garrison LLP to assist the debtor as it navigates the Chapter 11 process again, less than a year after its earlier reorganization plan was approved.
Texas Two-Step Takes Second Step Into Appeals Courts
The "Texas two-step" will get its second circuit court test Thursday, as a Fourth Circuit panel takes up the question of whether Georgia-Pacific LLC's funding of the asbestos liabilities of its spinoff Bestwall LLC takes the company out of the jurisdiction of the bankruptcy court.
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Large Cap More
WeightWatchers expects it will be able to set aside some equity in a reorganized company for existing stockholders while cutting $1.15 billion in debt under a Chapter 11 plan that is scheduled for a confirmati... (more story)
A certified class of Xyrem buyers in 36 states have asked a California federal judge to preliminarily approve Hikma Pharmaceuticals PLC's $50 million deal to resolve antitrust claims accusing Hikma of colludin... (more story)
A Texas bankruptcy judge said Thursday the insolvent units of business automation group Exela Technologies Inc. can solicit votes on their Chapter 11 plan, which would restructure their $1.25 billion debt.
Attorney and cryptocurrency lobbyist Michelle Bond, the wife of jailed former FTX executive Ryan Salame, told a Manhattan federal judge that her campaign finance case should be tossed because prosecutors broke... (more story)
Georgia-Pacific's asbestos unit Bestwall and injury claimants on Thursday accused each other of trying to fundamentally rewrite U.S. law as they argued before the Fourth Circuit on the claimant committee's att... (more story)
Disbarred attorney Tom Girardi was hospitalized Wednesday for a liver problem and is unable to attend a scheduled hearing Thursday before a California federal judge who is evaluating his mental health to deter... (more story)
A Florida federal judge Wednesday freed several high-profile celebrities and YouTubers from a majority of claims FTX investors lodged in a sprawling multidistrict litigation over the cryptocurrency exchange's ... (more story)
Creditors of the Archdiocese of San Francisco asked a California bankruptcy judge to include dozens of parishes, schools, cemeteries and other properties in the Chapter 11 cases of the archdiocese, saying it i... (more story)
A New Jersey bankruptcy judge on Wednesday approved retail pharmacy chain Rite Aid's plans to host a Chapter 11 auction next week for prescription files, drug inventory and other pharmacy assets during its second bankruptcy.
The Chapter 11 plan of liquidation of food storage container company Tupperware Brands Corp. received court approval Wednesday in Delaware without any opposition, marking a complete turnaround from the turmoil... (more story)
Mid Cap More
The owner of a 53-unit Corona, California, apartment complex has filed for Chapter 11 protection in California bankruptcy court ahead of a foreclosure proceeding with nearly $46 million in debt.
A Delaware bankruptcy judge on Thursday granted interim approval allowing California-based gene-editing technology supplier Synthego Corp. to access a portion of its $50 million debtor-in-possession financing,... (more story)
Medical technology company Accelerate Diagnostics Inc. filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $90.2 million of debt and a plan to sell the business to lender Indaba Capital ... (more story)
A New York state court refused Wednesday to toss the Archdiocese of New York's claims for bad faith and violations of the state's deceptive trade practices law in a suit seeking coverage from Chubb units for t... (more story)
A Delaware bankruptcy judge on Wednesday denied a bid from Exactech's official committee of unsecured creditors to redistribute solicitation packages sent to tort claimants, saying there was no legal basis to ... (more story)
A pair of Pennsylvania nursing homes convicted of defrauding state and federal healthcare programs by falsifying staff records and exaggerating patient needs said they won't be able to pay the $2.7 million pen... (more story)
A Delaware bankruptcy judge Wednesday approved a bid from hospital owner CarePoint Health Systems Inc. to receive $20.5 million in funding through a sixth extension of its interim debtor-in-possession financing.
The Office of the U.S. Trustee has appointed two members to the official committee of unsecured creditors in the Chapter 11 case of dolphin encounter company Leisure Investments Holdings LLC.
A Quebec mining company asked a New York bankruptcy judge to recognize Canadian insolvency proceedings where it hopes to resolve thousands of asbestos personal injury lawsuits across multiple jurisdictions.
Five affiliates of a North Carolina staffing company have filed for Chapter 11 bankruptcy protection, listing debts of up to $100 million after a planned merger fell through and its stock was delisted.