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Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
Under The Radar: Bankruptcy News You May Have Missed
A Connecticut judge threw out a challenge that an entity accused of acting as an alter ego for securities fraudster Miles Guo had brought to a bankruptcy court's orders, an angel investor with ties to FTX asked a bankruptcy judge to sanction the crypto empire's trust for opposing a donation he's seeking to make, and a software company announced a plan to cut most of its debt and net $50 million in capital.
Meet The Attorneys Guiding Parts Maker First Brands' Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Michigan-based auto parts maker First Brands Group LLC as the company seeks to restructure more than $10 billion in debt.
Some Courts Pause Bankruptcies Amid DOJ Staff Furlough
Several bankruptcy courts nationwide have paused deadlines, hearings and entire cases involving federal agencies after the government shutdown sent thousands of U.S. Department of Justice employees on furlough, including more than half of the staff it uses to oversee the bankruptcy system.
Under The Radar: Bankruptcy News You May Have Missed
A Connecticut judge threw out a challenge that an entity accused of acting as an alter ego for securities fraudster Miles Guo had brought to a bankruptcy court's orders, an angel investor with ties to FTX asked a bankruptcy judge to sanction the crypto empire's trust for opposing a donation he's seeking to make, and a software company announced a plan to cut most of its debt and net $50 million in capital.
Meet The Attorneys Guiding Parts Maker First Brands' Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Michigan-based auto parts maker First Brands Group LLC as the company seeks to restructure more than $10 billion in debt.
Expert Analysis
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Large Cap More
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Anthology, a software company in the educational technology space, has hired attorneys from Kirkland & Ellis LLP and Haynes Boone to help it complete a Chapter 11 case aimed at selling off three lines of busin... (more story)
A group of bondholders Thursday urged a Texas federal judge not to throw out its suit over a former Jackson Walker LLP partner's secret romance with a bankruptcy judge, arguing that the firm "has a problem wit... (more story)
A film company owned by a trial lawyer this week lost its lawsuit accusing Netflix Inc. of infringing a copyright in its documentary about sexual abuse in the Boy Scouts of America, with a New Jersey federal j... (more story)
A New York bankruptcy judge denied a Brazilian telecommunications company's request to terminate the Chapter 15 recognition of a restructuring proceeding in its home country, a day after its board and manageme... (more story)
The official committee of unsecured creditors in the Chapter 11 of wind turbine blade maker TPI Composites has brought an adversary action against the debtor in Texas bankruptcy court, alleging a prepetition u... (more story)
The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his o... (more story)
A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and reg... (more story)
Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers represent... (more story)
A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by ... (more story)
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A New Jersey bankruptcy judge has approved Atlantic City timeshare business Flagship Resort Development's Chapter 11 liquidation plan, overriding objections to the plan's liability releases.
Former crypto platform Celsius said creditors who placed Mawson Infrastructure into bankruptcy in Delaware should ensure that an Australian liquidator whose appointment they pushed for is removed before the bi... (more story)
A Texas bankruptcy judge has appointed a Chapter 11 trustee in the bankruptcy of Eventide Credit Acquisitions following a request from the official committee of unsecured creditors.
Cajun restaurant chain Razzoo's filed for Chapter 11 protection in Texas bankruptcy court, citing consumer shifts since the COVID-19 pandemic began that have led to financial distress and made it necessary for... (more story)
The owner of the Brooklyn Mirage music venue has proposed a settlement with its creditors' committee that will oust its current owner and pay unsecured creditors $3.3 million, allowing a sale of assets to a pr... (more story)
A New Jersey bankruptcy judge has ruled that a Chapter 13 debtor has the "absolute" right to have his bankruptcy case voluntarily dismissed, even if it was filed in bad faith, an issue not yet decided by the U... (more story)
The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, ... (more story)
The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined... (more story)
A New York bankruptcy judge has ruled a former portfolio manager at Platinum Partners must pay administrators for the defunct hedge fund more than $7 million for improperly exercising a warrant to buy biopharmaceutical stock.
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