To access this content, a subscription to Bankruptcy Authority is required.
Calif. Wildfire, Debt Burden Led Image Locations To Ch. 11
A California wildfire in January, the shutdown of filming during the COVID-19 pandemic, two historic entertainment industry strikes by writers and actors, and the burden of high-interest merchant cash advances combined to lead Image Locations Inc. to file for small-business Chapter 11 protection this month.
Meet The Attys Advising First Brands' Creditors Committee
The official committee of unsecured creditors in car parts group First Brands' Chapter 11 has retained a dozen attorneys from Cole Schotz PC and Brown Rudnick LLP to represent it in the case.
LifeScan To Cut $1.7B Debt, Reed Smith DQ'd From Eletson
A bankruptcy trust for Rite Aid went after Walmart to defray the costs of defending opioid lawsuits. A blood glucose monitor manufacturer fought for confirmation of a reorganization plan that would cut $1.7 billion in debt. The long saga of the Eletson bankruptcy continued after a district court found the prebankruptcy ownership of the company had no legal existence and therefore no right to counsel.
Calif. Wildfire, Debt Burden Led Image Locations To Ch. 11
A California wildfire in January, the shutdown of filming during the COVID-19 pandemic, two historic entertainment industry strikes by writers and actors, and the burden of high-interest merchant cash advances combined to lead Image Locations Inc. to file for small-business Chapter 11 protection this month.
Meet The Attys Advising First Brands' Creditors Committee
The official committee of unsecured creditors in car parts group First Brands' Chapter 11 has retained a dozen attorneys from Cole Schotz PC and Brown Rudnick LLP to represent it in the case.
LifeScan To Cut $1.7B Debt, Reed Smith DQ'd From Eletson
A bankruptcy trust for Rite Aid went after Walmart to defray the costs of defending opioid lawsuits. A blood glucose monitor manufacturer fought for confirmation of a reorganization plan that would cut $1.7 billion in debt. The long saga of the Eletson bankruptcy continued after a district court found the prebankruptcy ownership of the company had no legal existence and therefore no right to counsel.
Expert Analysis
Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients ... (more story)
A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted ma... (more story)
.jpg)
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from includi... (more story)
Large Cap More
A Delaware bankruptcy judge has ordered an outside broker to pay almost $60,000 in commissions she earned back to the liquidating trustee for the Woodbridge Group of Cos., finding the transfers were made in fu... (more story)
Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, received a Texas bankruptcy judge's permission Tuesday to reject leases for pharmacies and its former headqu... (more story)
Pharmaceutical titan Purdue Pharma heralded Tuesday that its newest Chapter 11 plan has almost total support from voting creditors, saying the proposal could pave the way to creditors receiving more than $7 bi... (more story)
Two affiliates of telecommunications financing provider Carriox Capital filed for Chapter 11 protection in a New York bankruptcy court with between $500 million and $1 billion in debt.
Cayman Islands-based Ambipar Emergency Response, which provides crisis management services for oil spills and fires, filed for Chapter 11 protection in Texas, listing more than $1 billion of assets and $328.2 ... (more story)
Families of Sandy Hook Elementary School shooting victims have pushed back against a bankruptcy trustee's attempt to relinquish equity interests in conspiracy theorist Alex Jones' Free Speech Systems LLC, tell... (more story)
The ex-CEO of formerly bankrupt Cano Health Inc. has settled a $70 million lawsuit in Florida state court by a dental services provider that sought to hold him personally liable for the collapse of its busines... (more story)
Venezuela's state-owned oil company plans to appeal a New York federal judge's recent decision ordering it to pay $2.86 billion to bondholders, after the judge ruled last month that defaulted Venezuelan bonds ... (more story)
A Texas bankruptcy judge said Monday he was prepared to approve blood glucose monitor maker LifeScan's Chapter 11 plan once he settles a dispute over administrative expense claims from pharmacy benefit manager... (more story)
Kirkland & Ellis LLP announced Monday that it has rehired a prominent trial attorney from Latham & Watkins LLP, touting his record of securing 18 complete defense verdicts and more than $1.8 billion in damages... (more story)
Mid Cap More
A Delaware bankruptcy judge Tuesday agreed to approve settlements between paper product company Royal Interco LLC and a number of its creditors as it moves to dismiss its case.
Bankrupt real estate development firm SilverRock Development Co. LLC received approval Tuesday from a Delaware judge for the $65 million sale of its resort project assets to affiliates of Turnbridge Equities, ... (more story)
A Delaware bankruptcy judge hopes to issue a decision quickly after arguments wrapped up Tuesday over the proposed Chapter 11 sale of the derivative rights of bankrupt movie producer Village Roadshow Entertain... (more story)
A unit of watch- and jewelry-maker Fossil Group Inc. has filed for Chapter 15 protection in Texas bankruptcy court seeking U.S. recognition of a plan proposed in the United Kingdom to restructure $150 million in debt.
Radio frequency filter maker Akoustis Technologies received bankruptcy court approval Tuesday in Delaware for a disclosure statement describing its Chapter 11 plan of liquidation that was presented without any objection.
Warner Bros. Entertainment Inc. made a last-minute offer for the derivative rights of bankrupt movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Ele... (more story)
A New York bankruptcy judge Monday scaled back a fee request by Quinn Emanuel Urquhart & Sullivan LLP for the firm's work on the Firstbase.io Chapter 11 case, expressing doubt that a Third Circuit ruling the f... (more story)
A Delaware bankruptcy judge on Monday refused a bid by Heritage Coal for approval of its Chapter 11 liquidation plan, siding with the unsecured creditors committee on an objection over the plan's release provisions.
This past week, the Delaware Chancery Court and Supreme Court handled a crowded corporate docket, weighing blockbuster merger appeals, shareholder settlement objections, fights over control involving an NBA fr... (more story)
The U.S. Supreme Court agreed on Monday to hear an appeal challenging a "rigid" and "unforgivable" rule used by some bankruptcy courts that permanently blocks a debtor from pursuing litigation if they knew - b... (more story)