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Filings of large corporate bankruptcies were 22% higher than the historical average in the 12 months through June, with debtors citing a mercurial regulatory environment exacerbated by consumer uncertainty, according to a new report released Thursday.
A Colorado theme park received court approval of its Chapter 11 plan, former talc supplier Whittaker Clark & Daniels Inc. asked for the all-clear on a settlement with an insurer in its bankruptcy and a hospital in Los Angeles got interim access to postpetition financing.
U.S. Bankruptcy Judge Christopher M. Klein will preside over settlement discussions between Cle Elum, Washington, and its creditors, which are hoping the judge's experience in municipal bankruptcy can help them reach an agreement ending the city's Chapter 9 proceeding.
More than 120 mostly Democratic lawmakers raised concerns Thursday about the proposed $10 million sale of Spirit Airlines' internal data to Google for artificial intelligence training, saying the sale would in... (more story)
Hughes Satellite locked horns with its noteholders in Texas bankruptcy court Thursday, urging a judge to strike a motion with an attached Chapter 11 plan term sheet that the telecommunications group argued vio... (more story)
A Delaware bankruptcy judge Thursday agreed to expedite a hearing on a summary judgment motion in bankrupt government contractor Noble Supply & Logistics' Chapter 11 adversary lawsuit against the Defense Logis... (more story)
A Texas bankruptcy judge Thursday approved the sale of Genesis Healthcare's 175 care facilities after being told that the debtor had reached an amended deal with the buyer that will add $15 million in cash to ... (more story)
The U.S. Trustee's Office has called on a New York bankruptcy judge to curb third-party releases and exculpations in personalized mattress retailer Sleep Number's Chapter 11 plan, saying creditors need more in... (more story)
The entity that manages self-help book publisher Chicken Soup for the Soul Holdings LLC should be ordered to pay $25 million after a sale of most of an affiliate's assets never materialized, according to an in... (more story)
Military contractor Noble Supply & Logistics has brought a Chapter 11 adversary case against the Defense Logistics Agency in Delaware bankruptcy court, demanding payment of nearly $19 million for equipment tha... (more story)
Revlon told a New York bankruptcy court that one of its insurers has reneged on a deal incorporated into the reorganized cosmetics company's Chapter 11 plan, saying the carrier is refusing to pay defense costs... (more story)
Bankrupt professional golf league LIV Golf said it would allow tour member Sergio Garcia to terminate his player participation contract with the debtor Wednesday rather than have it subject to rejection, telli... (more story)
The trust responsible for liquidating assets of the Silicon Valley Bank, which went into receivership in 2023, owes none of $41 million in assessed tax deficiencies and is due a $21.7 million refund, the IRS a... (more story)
Bankrupt sleep-away camp operator Camp Mystic has told a Texas court the appointment of a Chapter 11 trustee is not justified since the debtor made adjustments to its corporate governance practices and install... (more story)
The former CEO of electric-truck maker Nikola has asked the Third Circuit to review a Delaware federal judge's decision that his nearly $70 million bankruptcy claim against his former company was properly subo... (more story)
The company behind a New Jersey event venue called The Chariot received confirmation of its Chapter 11 plan, which will hand over the reorganized company to two investors.
A Florida state court vacated an order allowing a discount sale of an attorney's $20 million worth of shares in three law firms to a litigation funder seeking to collect on an out-of-state judgment, saying the... (more story)
WilmerHale announced Wednesday that it has appointed a former Latham & Watkins LLP partner to chair the firm's transactional bankruptcy and financial restructuring practice.
A single-asset real estate holding firm tied to an apartment complex near Dallas has filed for Chapter 11 relief in the Northern District of Texas, listing more than $50 million in liabilities.
Polsinelli PC has two new leaders for its restructuring and strategic capital practice, the firm announced Wednesday.
A Washington federal judge found a staffing company violated the terms of a $276,000 settlement it reached with the U.S. Equal Employment Opportunity Commission to close a bias investigation, siding with the E... (more story)
The founder of defunct "anti-woke" fintech group GloriFi has asked to intervene in a Chapter 7 malpractice lawsuit against Winston Taylor's predecessor firm, saying the Texas lawsuit is centered on him.
The Chapter 7 trustee of fashion industry software company CaaStle Inc. received approval Tuesday from a Delaware bankruptcy judge for a $3.5 million settlement of his lawsuit against former directors and offi... (more story)
Ting Cheung
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or lea... (more story)
Paige Lohse, John Martin and Kevin Warren
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful ... (more story)
Joseph Bain and Samantha Oppenheim
In LIV Golf's recent Chapter 11 filing, players are the core enterprise value of the business and the intended maj... (more story)