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Meet The Ch. 11 Trustee Appointed To Operate Flipcause
Veteran bankruptcy attorney Jeffrey T. Testa, a partner at McCarter & English LLP, has been appointed as Chapter 11 trustee in the bankruptcy of fundraising tech company Flipcause.
What's Happening In Bankruptcy Court This Coming Week
Investment platform Linqto is seeking final court approval of its disclosure statement and Chapter 11 plan. Home solar company PosiGen is seeking approval of its disclosure statement and solicitation procedures. RV refrigerator maker Norcold and lidar developer Luminar are seeking approval of their asset sales.
Retired Judge Oversees Mediation In Porta-Potty Co. Ch. 11
Retired U.S. Bankruptcy Judge Robert D. Drain has until Friday to mediate a conflict at the heart of a Chapter 11 plan proposed by the company behind a major porta-potty provider, with the dispute stemming from a 2024 liability management exercise that did not include a key creditor.
Large Cap More
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how the U.S. Department of Housing and Urban Development may be shifting focus, what President Donald Trump'... (more story)
The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a c... (more story)
Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing i... (more story)
Cohn & Dussi LLC is breaking into South Florida after more than three decades headquartered in Boston, bringing on a pair of partners to help grow the firm's first expansion outside of Massachusetts.
FTX Recovery Trust said it will appeal after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes.
A Texas bankruptcy judge gave one of Saks' online affiliates permission to get the ball rolling on an inventory liquidation after the retailer said a quick sale is needed to meet its lenders' terms for allowin... (more story)
Education technology group Anthology got approval Friday for a revised Chapter 11 reorganization plan that includes a deal with unsecured creditors partially paid for by the settlement of a prepetition suit against a lender.
The Supreme Court of Pennsylvania has declared that the city of Chester lost the ability to single-handedly reclaim the assets of its water utility when the composition of the authority's board changed.
Counsel for car parts maker First Brands told a Texas bankruptcy judge Thursday it agreed to lift the automatic stay of its Chapter 11 case to allow certain lenders to access around $250 million of inventory c... (more story)
Elon Musk's SpaceX is putting together a group of Wall Street investment banks for a potential IPO, Spirit Airlines is in talks with investment firm Castlelake to help lead it out of bankruptcy, and OpenAI CEO... (more story)
Mid Cap More
The foreign representative overseeing the defunct Brazilian auto parts maker Proema Automotiva SA has asked a New York bankruptcy court for permission to obtain discovery from 19 people and entities in its Cha... (more story)
A New York bankruptcy judge has signed off on an agreement between the disputed head of telecommunications company FTE and its board of directors to take their dispute over control of the company and its Chapt... (more story)
Corporate leaders of bankrupt medical device maker Zynex Inc. said late Thursday that they were aware of the federal arrests and indictments of the company's former CEO and chief operating officer earlier in t... (more story)
The owner of the Crescent Dunes Solar Energy Project can immediately access $5 million of a $10 million debtor-in-possession loan, a Delaware bankruptcy judge ruled on Friday, as the company hopes to quickly s... (more story)
Counsel for sexual abuse survivors on Thursday told a Louisiana bankruptcy judge they have standing to contest legal fee applications in the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans, ar... (more story)
Three Brooklyn apartment buildings — containing roughly 150 units and collectively owing about $23 million in unpaid mortgage debt, interest and fees — have filed for Chapter 11 protection in New York bankruptcy court.
A Delaware bankruptcy court Thursday gave final confirmation of a Chapter 11 plan proposed by iRobot Corp., the maker of the Roomba robot vacuum, that calls for eliminating $257 million in debt and transferrin... (more story)
A veteran member of the U.S. Trustee's Office who worked on high-profile Chapter 11 cases in Connecticut, including those involving Chinese exile Miles Guo and rapper 50 Cent, has joined Harris Beach Murtha Cullina PLLC.
The U.S. Trustee's Office objected to the proposed sale of Norcold LLC's assets to an insider, arguing that the debtor has not shown that the proposed transaction has been conducted fairly.
A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.