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Two restaurant chains hit bankruptcy, saying they were casualties of an erratic economy. A hospice care provider and an operator of mental health facilities filed for bankruptcy protection. And a real estate developer entered bankruptcy court after a dispute involving tribal law.
The Ninth Circuit has named a longtime bankruptcy partner at the firm Downey Brand LLP to the bankruptcy bench in the Eastern District of California, the appellate court has announced.
A bid by Google to buy data from defunct Spirit Airlines could signal the opening of a new frontier for monetizing assets in bankruptcy cases, but there are questions about how useful the data will actually be to a buyer — especially if too much personally identifiable information ends up being purged due to privacy concerns, experts told Law360.
A Delaware bankruptcy judge gave the all clear for a settlement hammered out between drugmaker Mallinckrodt's unsecured creditors' trustee and aggrieved securityholders of another entity, shrinking claims that... (more story)
Genesis Healthcare and the winning bidder for its 175 nursing homes told a Texas bankruptcy judge Wednesday they have fallen into a disagreement over $100 million of the $1 billion purchase price with the dead... (more story)
The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustaine... (more story)
Former nuclear plant workers are asking a Maryland federal court to let them refile a proposed class action, saying they have new, direct evidence that companies worked together to fix wages in the nuclear energy industry.
Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split am... (more story)
Bankruptcy and restructuring boutique Pachulski Stang Ziehl & Jones LLP announced Tuesday it has named its first firm chair, as one of its co-founder steps away from day-to-day management and the firm looks to... (more story)
If the Second Circuit hadn't stepped in and paused a New York federal court order commanding Nielsen Co. to provide its national ratings data separate from its local offerings, the company would have racked up... (more story)
The insolvent company that ran dozens of summer camps in several states is asking a New Jersey bankruptcy judge to find the financing agreements it had entered shortly before it sought Chapter 11 protection we... (more story)
FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at ... (more story)
The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to ... (more story)
A New Jersey bankruptcy judge Wednesday agreed to approve the disclosure statement of a legacy unit of defunct tire maker Uniroyal, allowing the debtor to send its Chapter 11 plan to creditors for a vote.
Gundlach Bundschu Winery, which claims to be California's oldest continuously family-owned winery, filed for Chapter 11 bankruptcy relief Wednesday, as it seeks to restructure its more than $39 million in liabilities.
BFG Supply Co. LLC, a major U.S. distributor of horticultural and agricultural supplies, has hired attorneys from Cole Schotz PC to guide its Chapter 11 case as the debtor pursues a sale of all its assets.
Steel distributor UPG Enterprises has filed for Chapter 11 protection in Illinois in hopes of drumming up more interest in its sale process, the debtor said Wednesday.
A creditor that had joined in an involuntary Chapter 11 petition against cryptocurrency miner Mawson lost its bid for a judgment on the pleadings Tuesday in the former debtor's bankruptcy court lawsuit seeking... (more story)
A Delaware bankruptcy judge Tuesday signed off on SPI Solar's bid to take books and records from the solar company's former CEO and others, overruling the ex-executive's objection to the debtor's discovery motion.
Casual Southern dining chain Yardbird on Tuesday received a Delaware bankruptcy judge's interim approval to get a taste of its $5.4 million in Chapter 11 financing as the debtor prepares to run a sale process ... (more story)
Wendy's Co. told a Michigan bankruptcy court that one of its largest U.S. franchisees lost the right to operate 314 restaurants before filing for Chapter 11 protection, arguing that the franchise agreements ha... (more story)
A Missouri federal judge Monday partially granted a bid by 23andMe's bankruptcy trust to assess the value of data breach claims brought by the state of California, saying he would let the trust value the state... (more story)
Tubos, a steel pipe maker, received Chapter 15 recognition of its Spanish insolvency proceeding Monday at a hearing in Texas bankruptcy court.
Joshua Wurtzel
California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligen... (more story)
Michael Rosenblum and Jake Schwartz
As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries... (more story)
Jon Labovitz
The broader adoption of the Uniform Assignment for the Benefit of Creditors Act, including Delaware's recent statu... (more story)