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QVC will seek final approval of its bankruptcy funding, e-commerce group Food52 will vie for confirmation of its liquidation plan, and First Brands Group will also court a judge's approval of its Chapter 11 plan.
As attitudes toward cannabis have relaxed in recent years in the U.S., Weil Gotshal & Manges LLP partner David J. Cohen saw an opening to restructure The Cannabist Co. Holdings Inc.'s business with Chapter 15 recognition of its Canadian insolvency proceeding, a strategy that hadn't been tried by any other marijuana businesses.
Spanish language TV and radio broadcaster Spanish Broadcasting System Inc. filed for bankruptcy, citing changes in political advertising spending and a shifting audio media landscape that has sent other radio station operators to Chapter 11 in recent years.
Freight services company STG on Monday secured a New Jersey bankruptcy judge's approval of its Chapter 11 plan, which calls for letting the debtor cut more than $1 billion in liabilities, weeks after the debto... (more story)
A Texas bankruptcy judge has given his assent on a final basis to a $300 million postpetition financing package in home shopping company QVC's Chapter 11 case.
Dechert LLP announced Monday that it has added another attorney from McDermott Will & Schulte to its Dallas office, this time bringing on an attorney who will bolster its capacity to handle transactional matters.
Restaurant operator Fat Brands has reached a settlement with three groups of creditors that it says clears a path to getting its Chapter 11 plan confirmed, telling a Texas bankruptcy judge the deal will let th... (more story)
Del Monte Foods received confirmation of its Chapter 11 wind-down plan on Monday after a New Jersey bankruptcy judge overruled an objection from a group of minority lenders.
A Texas bankruptcy judge Monday approved a settlement between insolvent luxury retailer Saks Global and its largest landlord, Simon Operating Group, to resolve disagreements over the debtor's leases.
Boating supply retailer West Marine commenced a Chapter 11 case in Delaware to deal with almost $550 million in debt after reaching a deal on a restructuring support agreement with lenders and equity holders.
A Texas federal judge on Friday dismissed Alex Jones' appeal over whether Infowars operator Free Speech Systems LLC's assets are part of his Chapter 7 estate, a move that continues to allow the families of vic... (more story)
A Texas bankruptcy judge Friday limited the liabilities that the buyer of Prospect Medical's California assets had assumed to the unknown medical malpractice claims from after the debtor filed for Chapter 11 r... (more story)
The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a near... (more story)
Attorneys from Morris Nichols Arsht & Tunnell LLP and Fried Frank Harris Shriver & Jacobson LLP are guiding TV and radio broadcaster Spanish Broadcasting System Inc. through its Chapter 11 case.
The IRS can slap a tax assessment against a taxpayer without time constraints when a return is fraudulent, even if a third-party preparer was the scammer, the agency told the U.S. Supreme Court in opposing a w... (more story)
Bitcoin Depot, a nationwide operator of bitcoin automatic teller machines, filed for Chapter 11 protection in a Texas bankruptcy court with nearly $27 million in debt and plans to wind down and sell its assets... (more story)
The operator of Infowars says bankrupt broadcaster Alex Jones has a legal right to "freely compete" with his former outlet, telling a Texas appeals court the website shut down because a court-appointed receive... (more story)
The trustee for a group of bankrupt Western Pennsylvania nursing homes says four former Comprehensive Healthcare Management Services executives improperly drained the companies of assets that should have been ... (more story)
Houston firm MMA Law has filed a Chapter 11 liquidation plan in Texas bankruptcy court, saying it plans to shut down its business and appoint an administrator to prosecute claims against multiple law firms.
Proskauer Rose LLP announced this week that it has added two partners to its New York office — a restructuring attorney who joins from Davis Polk & Wardwell LLP and a private funds attorney who comes from advi... (more story)
A Texas bankruptcy judge Friday agreed to approve natural gas compressor company Axip Energy Services LP's disclosure statement, allowing the debtor to seek its creditors' votes on its Chapter 11 plan.
The past week in London has seen singer Rita Ora be sued by her management company, the billionaire Gertner brothers file a part 8 claim and Stephenson Harwood lodge a debt claim against a member of the Bulgar... (more story)
Urgent care facility operator Carbon Health Technologies has reached a $12 million settlement with its official committee of unsecured creditors, the debtor's counsel said Thursday.
Luke Hasskamp
In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstr... (more story)
Kevin Capuzzi and Melissa Sobrepera
Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly hard... (more story)
Guy Chayoun
The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constr... (more story)