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A uniform law governing assignment for benefit of creditors proceedings is gaining steam, with nine states adopting or considering the legislation, making this faster and cheaper bankruptcy alternative a more attractive option for restructuring professionals, experts told Law360.
A team of attorneys from Hunton Andrews Kurth LLP and Latham & Watkins LLP is counseling bankrupt plastics company Trinseo PLC through its prepackaged restructuring proposal.
Affiliates of New Fortress Energy asked a U.S. court to recognize their bankruptcies in the U.K. Polish subsidiaries of alternative energy investment company GoldenPeaks Capital began a Chapter 11 proceeding. And an artificial intelligence-enabled voice generating software company entered Chapter 7.
An investment trust that once provided the majority of Apple Tree Life Sciences' funding must choose between bidding on exit financing that would fund Apple Tree's restructuring plan or serving as a consultati... (more story)
A bankrupt Alabama hospital with "settler's remorse" can't bail on a multibillion-dollar antitrust settlement with Blue Cross Blue Shield, a federal judge ruled Tuesday.
A Delaware bankruptcy judge said on Wednesday that he will rule as promptly as possible on a dispute about whether he should retain jurisdiction over a malpractice suit against Foley & Lardner LLP or send it b... (more story)
Former Purdue Pharma LP President Richard Sackler has appealed a Connecticut probate court decision favoring his son David Sackler in a dispute over his mother Beverly Sackler's estate, saying a judge ignored ... (more story)
Unsecured creditors of the Roman Catholic Diocese of Oakland urged a California bankruptcy judge to make the debtor hand over documents related to certain creditors, including communications and plan ballots, ... (more story)
Claimants of Genesis Healthcare have appealed a Texas federal judge's order that tossed their challenge to the debtor's procedures for dealing with personal injury and wrongful death claims, asking the Fifth C... (more story)
Sidley Austin LLP has elevated 52 attorneys to partner from 11 offices in 23 practice areas.
A New Jersey bankruptcy judge Tuesday denied a Del Monte lender group's request to stay his order confirming the canned food company's Chapter 11 plan, finding the lenders had not shown they were likely to succeed on appeal.
Attorneys representing two groups of employees terminated by bankrupt auto parts maker First Brands Group asked to be put in control of mass termination litigation against the company, each saying on Tuesday t... (more story)
QVC Group Inc.'s preferred shareholders have filed a reply in support of their motion to terminate the debtor's exclusivity rights in Chapter 11, telling a Texas bankruptcy judge that QVC's reorganization plan... (more story)
An investment fund has filed a complaint in New York State court accusing a Pillsbury Winthrop Shaw Pittman partner of conspiring with convicted fraudsters to con the fund into writing a $145 million loan to n... (more story)
Battery recycler Ascend Elements on Wednesday secured a Texas bankruptcy judge's approval of a $31.7 million sale of a factory in Kentucky to the main contractor for the site.
A Texas bankruptcy judge Wednesday gave the go-ahead for Miyoshi America Inc., a supplier of cosmetics ingredients, to implement its prepackaged Chapter 11 plan to address tort claims, finding the proposal was... (more story)
Federal wage law doesn't allow workers to recover pay for nonovertime hours during weeks when they logged more than 40 hours, the Third Circuit held Wednesday as a matter of first impression, partially undoing... (more story)
A Texas bankruptcy judge Wednesday told cryptocurrency kiosk operator Bitcoin Depot he would give it permission to begin marketing its assets aiming for an early July sale, but asked it to give state regulator... (more story)
Contract drug research and development company Inotiv Inc. filed a prepackaged Chapter 11 case Wednesday in Texas bankruptcy court with $489 million of debt and support from the majority of its creditors for i... (more story)
The Eleventh Circuit ruled Tuesday that hip hop group 2 Live Crew could not reclaim copyrights to five albums despite most of them agreeing to terminate copyright grants to third parties, saying in a published... (more story)
Joseph Sanberg, co-founder of the now defunct, celebrity-backed and sustainability-focused financial services company Aspiration Partners, has been sentenced to 14 years in prison by a California federal judge... (more story)
A Delaware bankruptcy judge has told a Chapter 7 trustee suing Foley & Lardner LLP for malpractice that at first glance, he was inclined to retain jurisdiction of the case as part of food waste recycler KDC Ag... (more story)
A woman urged the U.S. Supreme Court on Tuesday to reconcile the appellate courts' split over the period to assess taxes against a taxpayer in cases when a third party commits fraud, saying the IRS even admitt... (more story)
Michael Bresnick and Brian Mich
Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recog... (more story)
Robert Tata
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern D... (more story)
William Wright and Kate Goldberg
The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligen... (more story)