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What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
Eviction, Unpaid Claims Spurred Electric Playhouse's Ch. 11
Amid a pending eviction and millions of dollars in claims from contractors involved in its buildout, Electric Playhouse, an arcade and dining business, filed for Chapter 11 bankruptcy protection in Nevada just one year after opening its Las Vegas Strip location.
Under The Radar: Bankruptcy News You May Have Missed
The Second Circuit declined to revisit a ruling that about 300 clawback suits tied to Bernie Madoff should be dismissed. The American Bankruptcy Institute wrote the U.S. Congress to explain benefits of changing tax law concerning receiverships. And investment platform Linqto requested more time to file a Chapter 11 plan.
What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
Eviction, Unpaid Claims Spurred Electric Playhouse's Ch. 11
Amid a pending eviction and millions of dollars in claims from contractors involved in its buildout, Electric Playhouse, an arcade and dining business, filed for Chapter 11 bankruptcy protection in Nevada just one year after opening its Las Vegas Strip location.
Under The Radar: Bankruptcy News You May Have Missed
The Second Circuit declined to revisit a ruling that about 300 clawback suits tied to Bernie Madoff should be dismissed. The American Bankruptcy Institute wrote the U.S. Congress to explain benefits of changing tax law concerning receiverships. And investment platform Linqto requested more time to file a Chapter 11 plan.
Expert Analysis
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With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their inter... (more story)
The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discover... (more story)
Large Cap More
The state of Texas said it was appealing a bankruptcy judge's decision earlier this month blocking its attempt to hold General Motors liable for data privacy violations allegedly committed by its predecessor b... (more story)
Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs i... (more story)
A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital ch... (more story)
While artificial intelligence holds promise for improving court efficiency, its current limitations, including inaccuracies and ethical concerns, make human judgment indispensable in legal proceedings, a group... (more story)
Silicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 20... (more story)
A Texas bankruptcy judge on Thursday blocked a bid by the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services to cut off payments for one of Genesis Healthcare's skilled nu... (more story)
Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt tha... (more story)
A Delaware bankruptcy judge told FTX's recovery trust Thursday it was too early in proposing restrictive jurisdiction procedures that would allow it to deny claims payable to creditors in countries with tight ... (more story)
It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped nav... (more story)
Bankruptcy claims agent Kroll Restructuring Administration LLC has asked a Texas federal judge to transfer or sink a proposed class action over a data breach that affected creditors of FTX Trading Ltd., BlockF... (more story)
Mid Cap More
Gordon Rees Scully Mansukhani LLC has apologized to an Alabama bankruptcy court for a filing submitted by one of its lawyers that contained mistakes it blamed on artificial intelligence, saying it's "profoundl... (more story)
PrimaLend Capital Partners LP, a lender to auto dealerships, received interim approval for $16 million of Chapter 11 financing from its senior secured lenders after a Texas bankruptcy judge overruled an object... (more story)
The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stol... (more story)
RunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the... (more story)
A New Jersey property owner has put several of its office and industrial properties into Chapter 11, according to multiple petitions filed in New Jersey bankruptcy court.
Two companies affiliated with the former Hudson Hotel near Manhattan's Columbus Circle have filed for Chapter 11 protection in Delaware, listing between $100 million and $500 million each in both assets and liabilities.
Business services company Firstbase.io urged a New York bankruptcy judge Thursday to reject an equity-swap Chapter 11 plan proposed by a creditor, arguing the debtor should be allowed additional time to court ... (more story)
A Delaware bankruptcy judge approved the Chapter 11 liquidation plan from Heritage Coal after the debtor removed releases and exculpations for insiders.
A Delaware bankruptcy judge Wednesday approved a settlement between the owner of the Brooklyn Mirage music venue and its unsecured creditors and allowed it to go forward with a Chapter 11 auction of its assets.
A Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lo... (more story)