Expert Analysis

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

What Lies Behind Diverging US And UK Insolvency Trends

Contrasting U.K. and U.S. insolvency trends highlight the importance of policy interventions in shaping consumer f... (more story)

Large Cap More

ConvergeOne Defeats 'Law Review Article' Objection To Reorg

Information technology company ConvergeOne won a Texas bankruptcy judge's blessing Thursday to cut more than $1 billion of debt under a reorganization deal that a group of senior lenders said would unlawfully ... (more story)

FTX Judge Declines To Undo Ch. 11 Digital Claim Estimation

The judge overseeing the Chapter 11 case of cryptocurrency exchange FTX Trading Ltd. on Thursday denied a request to vacate an earlier ruling allowing the debtor to estimate the claims of creditors holding dig... (more story)

99 Cents Only Gets OK To Sell Stores For $170M In Ch. 11

Discount retail chain 99 Cents Only on Thursday got the green light of a Delaware bankruptcy judge to sell off 44 lots of its assets for a combined price of $170 million as it moves towards a wind-down.

Dynata Gets Initial OK For Ch. 11 Loan, July Plan Hearing

Data provider and market research company Dynata Thursday received interim approval from a Delaware bankruptcy judge to tap into $31.5 million in Chapter 11 financing, a step company counsel says sets it on th... (more story)

Ex-Judge Pushed False Narrative On Atty Romance, Firm Says

U.S. Bankruptcy Judge David R. Jones of Texas, who resigned last year after his secret relationship with a Jackson Walker LLP partner was revealed, attempted to head off rumors about the relationship by asking... (more story)

J&J Loses Expedited Bid For Beasley Allen Docs In Talc MDL

Johnson & Johnson has lost its bid in New Jersey federal court to have the Beasley Allen Law Firm quickly produce documents related to what J&J said seems to be an "intentional effort" by the firm to "bias the... (more story)

Alex Jones Atty Escapes Suspension, For Now

The Connecticut Appellate Court on Thursday threw out the six-month suspension of Norm Pattis, the lead attorney in Infowars host Alex Jones' Sandy Hook Elementary School defamation trial, ordering new proceed... (more story)

Cancer Patients Target J&J Talc Unit's Asset Shuffles

Cancer patients who have sued Johnson & Johnson alleging that its talcum powder caused their illness alleged Wednesday that the company has tried to intentionally prevent tort victims from getting their day in... (more story)

1st Circ. Affirms UBS Win In Puerto Rico Pension Fight

The First Circuit said public pensioners in Puerto Rico can't advance their claims that UBS Financial Services illegally underwrote $3 billion in bonds, ruling that the island's financial restructuring plan tr... (more story)

Eye Care Gets Nod On Ch. 11 Sale With Improved Price

Optometry software maker Eye Care Leaders received a Texas bankruptcy court's approval Wednesday to sell its assets to its debtor-in-possession financing lender at a higher purchase price of $14.5 million.

Mid Cap More

Shoes For Crews Gets OK For $290M Credit Bid Sale

A Delaware bankruptcy judge said at a hearing Thursday that she would approve a $290 million credit bid sale of Shoes For Crews to its first-lien lenders after no other bidders emerged for the nonslip shoes retailer.

Modells Reaches $22.7M Ch. 11 Settlement With Ex-CEO

Modell's Sporting Goods' liquidation trust reached a $22.7 million settlement with the company's former CEO Mitchell Modell and several family-owned, real estate-owning affiliates, which would resolve the trus... (more story)

Houston Law Firm Wants To DQ Creditors' Counsel In Ch. 11

Troubled MMA Law Firm PLLC is seeking to stop another firm from representing its bankruptcy creditors, arguing that MMA's principal had previously spoken with the other firm as a prospective client and had sha... (more story)

DC Judge Bars Giuliani From Defaming Ga. Poll Workers

A D.C. federal judge has entered an injunction barring Rudy Giuliani from repeating lies that two Georgia poll workers meddled with the 2020 presidential election, resolving a second lawsuit the election worke... (more story)

Jackson Lewis Questions Role In Wage Suit After Ch. 11

Jackson Lewis PC attorneys were unsure if they were able to keep representing more than a dozen Pennsylvania nursing homes as an unpaid-wage case approaches a critical deadline, telling a federal court during ... (more story)

EB-5 Investors Say Developers' $150K Shouldn't Go To Attys

Chinese investors looking to recoup a nearly $40 million investment in failed developments urged an Illinois federal court against allowing bankrupt developers to use $150,000 in assets to pay the developers' ... (more story)

Cleaning Products Maker Supply Source Files For Ch. 11

Cleaning products company Supply Source Enterprises has told a Delaware bankruptcy court that it is seeking a sale in Chapter 11 to deal with $180 million in debt after overestimating the post-pandemic market ... (more story)

Fraud Defendant Strikes Deal To End Ch. 11, Sell House

A corporation owned by the defendant in a $93 million securities fraud case Wednesday told a Florida bankruptcy judge it has reached a deal to end its Chapter 11 case and sell the multimillion-dollar Coral Gab... (more story)

Biotech Co. Gamida Gets OK For Prepack Ch. 11 Plan

A Delaware bankruptcy judge said she would approve a prepackaged confirmation plan for Gamida Cell Inc. that would turn the biotechnology company over to its largest creditor.

Soured Partnership Tanks Dallas Tower Weakened By COVID

In the fourth story in a series on distressed office properties in various U.S. markets, Law360 Real Estate Authority examines how a solid office building in an otherwise strong market — Dallas' Uptown — start... (more story)