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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.
Under The Radar: Bankruptcy News You May Have Missed
The owner of a vacant lot on the Hudson River asked for a bankruptcy judge's blessing to sell the site for $45 million, a Delaware bankruptcy judge rejected Byju's Alpha founder Byju Raveendran's bid for discovery, and a rent-to-own furniture retailer sought approval for the sale of nine stores for $700,000.
A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
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.
Under The Radar: Bankruptcy News You May Have Missed
The owner of a vacant lot on the Hudson River asked for a bankruptcy judge's blessing to sell the site for $45 million, a Delaware bankruptcy judge rejected Byju's Alpha founder Byju Raveendran's bid for discovery, and a rent-to-own furniture retailer sought approval for the sale of nine stores for $700,000.
A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
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Large Cap More
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 Saks' online affiliate 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 allowing it to ... (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)
The lead plaintiffs in a proposed class action against the former CEO of startup investment platform Linqto Texas objected to the company's proposed Chapter 11 plan late Wednesday, telling a Texas bankruptcy c... (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.
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.
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Mid Cap More
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)
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 Nevada solar project is seeking Chapter 11 protection in a Delaware bankruptcy court with more than $180 million in debt, saying the same technical issues that sent it into bankruptcy in 2020 have kept it fr... (more story)
Blue Cross Blue Shield is opposing a bankrupt Alabama hospital's bid to opt out of a $2.8 billion antitrust class action settlement to pursue its own claims in bankruptcy court, arguing the hospital has no exc... (more story)
A special master has said experts for the tens of thousands of women whose suits in New Jersey federal court allege that Johnson & Johnson talc products caused their ovarian cancer can testify at trial about t... (more story)
The Department of Justice has notified the Delaware bankruptcy court that an evaluation of Roomba maker iRobot's proposed Chapter 11 plan transactions by the Committee on Foreign Investment in the U.S. could p... (more story)
Biotech company Alachua Government Services has won approval to enter into a $10.3 million stalking horse bid from Emergent Biosolutions Inc. for a line of monkey cells being used to develop a smallpox vaccine.
Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Ma... (more story)