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The Lone Ranger Facing A BigLaw Powerhouse At High Court
It might seem curious for a solo practitioner to decline offers of professional assistance in his first U.S. Supreme Court case. It might seem risky to go it alone against a BigLaw team led by an appellate icon. But a legal lone ranger arguing Tuesday at the high court is feeling confident, and he does have a friend proofreading briefs, just to be safe.
Dr. Phil Biz Ch. 11 Converted, Claire's Can Exit Bankruptcy
A judge agreed to switch the bankruptcy of a media company tied to talk show host Dr. Phil McGraw to a Chapter 7 case, Claire's obtained approval for its Chapter 11 exit plan and Spirit Airlines got the final sign-off for more than $1 billion in postpetition financing.
What's Happening In Bankruptcy Court This Coming Week
Eletson holdings will seek approval of a joint motion for sanction, a Delaware bankruptcy judge will consider letting Mountain Sports take plan votes and a New York City nightclub will vie for disclosure approval from the same Delaware judge.
The Lone Ranger Facing A BigLaw Powerhouse At High Court
It might seem curious for a solo practitioner to decline offers of professional assistance in his first U.S. Supreme Court case. It might seem risky to go it alone against a BigLaw team led by an appellate icon. But a legal lone ranger arguing Tuesday at the high court is feeling confident, and he does have a friend proofreading briefs, just to be safe.
Dr. Phil Biz Ch. 11 Converted, Claire's Can Exit Bankruptcy
A judge agreed to switch the bankruptcy of a media company tied to talk show host Dr. Phil McGraw to a Chapter 7 case, Claire's obtained approval for its Chapter 11 exit plan and Spirit Airlines got the final sign-off for more than $1 billion in postpetition financing.
What's Happening In Bankruptcy Court This Coming Week
Eletson holdings will seek approval of a joint motion for sanction, a Delaware bankruptcy judge will consider letting Mountain Sports take plan votes and a New York City nightclub will vie for disclosure approval from the same Delaware judge.
Expert Analysis
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Large Cap More
Covington & Burling LLP and Reed Smith LLP have brought an adversary lawsuit against onetime ventilator maker Vyaire Medical and its Chapter 11 plan administrator in Delaware bankruptcy court, alleging the com... (more story)
A New York bankruptcy judge on Tuesday approved a settlement with unsecured creditors of Azul SA and said he would send the Brazilian airline's $2.5 billion Chapter 11 equity swap plan out for a creditor vote.
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceeding... (more story)
Winston & Strawn LLP is asking a Texas bankruptcy court to toss a lawsuit from the trustee of "anti-woke" financial technology startup GloriFi, saying that holding the law firm responsible for the company's fa... (more story)
Boies Schiller Flexner LLP this week announced two prominent hires — a Herrick Feinstein LLP attorney with a history of working on multibillion-dollar restructurings and a firm alum from The Walt Disney Co. wh... (more story)
The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases taski... (more story)
A Texas bankruptcy judge instructed a troubled real estate investment trust Monday to enter mediation with a group of secured noteholders to avoid adversary litigation in the trust's Chapter 11 case for a few ... (more story)
FTX Recovery Trust has urged a Delaware bankruptcy judge to reject an FTX angel investor's bid to block the trust from clawing back a $650,000 charitable donation, saying a related sanctions motion by the inve... (more story)
The Second Circuit has rejected a bid from Reed Smith to pause a lower court ruling ordering the new owner of international shipping company Eletson Holdings to turn over documents requested by competitor Levo... (more story)
The liquidation trust created under the confirmed Chapter 11 plan of cryptocurrency platform Cred Inc. told a Delaware bankruptcy court on Monday that it is ready to make $76 million in distributions to unsecu... (more story)
Mid Cap More
Illinois-based bowling-and-bistro operator Pinstripes has asked the Delaware bankruptcy court to convert its chapter 11 proceedings to a Chapter 7 liquidation, saying the move will allow a trustee to complete ... (more story)
Cajun restaurant chain Razzoo's Inc. is hoping to complete a Chapter 11 sale by the end of December, according to bidding procedures that were approved at a hearing Tuesday.
A Delaware bankruptcy judge Tuesday gave interim approval to recreational vehicle fridge seller Norcold's $13 million debtor-in-possession loan, freeing up $6.5 million in funds as it works to sell its assets in Chapter 11.
Singaporean liquidators winding up troubled blockchain technology firm Multichain Foundation have asked a New York bankruptcy judge for Chapter 15 status to freeze a New York state court lawsuit over $63 milli... (more story)
Balcon Salon, a gay bar in Manhattan's Hell's Kitchen neighborhood, received a New York bankruptcy judge's permission Tuesday to pay employee wages and taxes that accrued ahead of its Chapter 11 filing late last week.
A Delaware bankruptcy judge on Monday gave the trustee overseeing the Chapter 7 of casino developer Diamondhead Casino Corp. the go-ahead to put the vacant proposed casino site on the auction block in January.
A gay bar in Manhattan's Hell's Kitchen neighborhood entered bankruptcy in New York after its largest secured creditor sought to foreclose on it for a bit over $7 million, saying the lender has been unwilling ... (more story)
From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.
Norcold LLC, a company that sells refrigerators for recreational vehicles, filed for Chapter 11 protection in Delaware bankruptcy court Monday with more than $300 million in debt and a plan to sell its busines... (more story)
Florida-based MV Realty has entered into a $2.8 million settlement with New Jersey to resolve a lawsuit claiming it duped cash-strapped homeowners into signing agreements with predatory terms that placed liens... (more story)