Bankruptcy Archive » November, 2023

Bankruptcy - November, 2023

259 articles

• SEC Waives $40M Fine For Mallinckrodt In Medicaid Scheme
• Sorrento Gets OK For 5-Month Ch. 11 Wind-Down
• 6th Circ. Says Rehab Co.'s Money Woes Justified Ch. 7 Pivot
• FTX Says IRS Tax Estimate Is $24B Too High
• Canadian Sports Drink Co. Gets Ch. 15 OK For US Assets
• What Lawyers Must Know About Calif. State Bar's AI Guidance
• Industry Must Elevate Native American Women Attys' Stories
• Genesis Gets OK To Resolve $1B In Three Arrows Claims
• Unsecured Creditors Oppose Vesttoo's Bid To Hire Israeli Firm
• Chilean Power Co. Hits Ch. 11 In New York With $409M In Debt
• Bed Bath & Beyond Says MSC Owes $315M In Shipping Fight
• Crypto Biz Prime Core Settles Ch. 11 Tokens Claim
• Venezuela Urges High Court To Nix 3rd Circ.'s Debt Ruling
• SEC Accuses Ex-Real Estate Co. Exec Of WeWork Stock Fraud
• Citgo Parent's Reissue Of Stock Certificate OK'd By Chancery
• US Trustee Wants WeWork Corporate Customers' Info Public
• Sorrento Investors Ask To Probe Counsel Conflicts In Ch. 11
• Alecto Health Co. Says Threshold Met For Subchapter V Status
• Oncology Co. Akumin Gets OK For Take-Private Ch. 11 Plan
• FTX Gets Approval To Put $744M In Crypto On The Market
• Delaware Judge OKs Food Recycler's Chapter 7 Conversion
• Pa. Ruling Shows Why Term Sheet Can Be Worth The Wait
• Understanding Discovery Obligations In Era Of Generative AI
• Kwok Trustee IDs $2.6B In Cash Moves As Cutoff Date Looms
• NY Parishes Protected While Ch. 11 Mediation Proceeds
• Genesis Nears Deals With Parent Co., Creditors
• Va. Judge OKs $2M Fees For Foley In LeClairRyan Ch. 11
• Barretts Minerals Wants To Keep Its Ch. 11 Case In Texas
• UK Trustees File Ch. 15 Petition For Duet Group Founder
• 2nd Circ. Won't Rehear $16.9M Madoff Investor Clawback Case
• Orbital OK'd For Ch. 11 Liquidation After Creditors Accept Plan
• Debtor Can't Also Be Creditor In Ch. 13, 7th Circ Rules
• Feds Fight Girardi Keese Trustee's Professional Fee Requests
• Proterra Gets OK For $210M Battery Biz Sale To Volvo
• Bannon Ally Says He Won't Flee If Released In $1B Fraud Case
• Law Firm Leaders Cautiously Optimistic Heading Into 2024
• The 2023 Law360 Pulse Leaderboard
• Asserting 'Presence-Of-Counsel' Defense In Securities Trials
• NY Judge OKs $1.65B Voyager Settlement With FTC
• Alex Jones Can Earn $650K Salary While Working On Ch. 11
• Celsius Creditors Balk At $281K In Bidder's Ch. 11 Fees
• FTX Settles BlockFi Dispute Over $744M Crypto Sale
• Barretts Minerals Pressured To Move Ch. 11 Case To Montana
• Colombia Oil Co. Wants To Challenge McDermott Restructure
• Crypto Game Co. Neon Says Investor Is 'Raiding' Its Coffers
• Bankruptcy Court OKs Camden Diocese $4.6M Insurance Loan
• Proterra Pauses Bus Biz Sale After Customer Objections
• US Trustee Balks At MedStaff Firm's Bass Berry Retention
• Former Texas Bankruptcy Judge Claims Suit Wrongly Served
• Split 2nd Circ. Partially Revives Nine West Buyout Fraud Suit
• Crypto Has Democratized Trading In Bankruptcy Claims
• UK Litigation Roundup: Here's What You Missed In London
• Tax Adviser Conflicted In Kwok Ch. 11, US Trustee Says
• Genesis Seeks $689M Clawback From Ex-Crypto Partner
• Major Shareholders In Water Co. Can't Dodge Self-Dealing Suit
• Heritage Power Wants To Toss PBGC And Texas Claims
• Trustee Says Asbestos Insurance Litigation Must Stay In Texas
• Argentina Can Delay $16B YPF Suit Payment During Appeal
• Teamsters Locals Want Out Of Yellow's Stalled Reorg Suit
• Alex Jones' Co. And Creditors Propose Rival Ch. 11 Plans
• Connecticut Bank Seeks $2.3M From Historic Mansion's Sale
• The Case For Post-Bar Clerk Training Programs At Law Firms
• Albany Diocese To Mediate Ch. 11 Abuse Claim Liability
• Kidde-Fenwal Gets Ch. 11 Mediation For Foam Liability Claims
• NYSE Seeks To Boot WeWork Shares From Exchange
• 5 Key Tips For Attorneys In The Subchapter V Arena
• GenesisCare Gets OK For Ch. 11 Plan To Slash $1.5B In Debt
• TV Azteca Ch. 11 Dismissed Due To 'Bona Fide Dispute'
• First Guaranty, Ex-Staff Seek OK On $1.75M WARN Deal
• February Hearing Set For Rite Aid Restructuring Plan
• IronNet Seeks January Voting Deadline For Ch. 11 Plan
• Celsius Network To Increase Creditor Payouts In Ch. 11 Exit
• Bankrupt NY Diocese Floats Abuse Test Cases Proposal
• Dermatology Drug Developer Can Tap $3M Of Ch. 11 Loan
• Purdue Fight Over PTAB Delay Came Too Late, Fed. Circ. Says
• AmeriFirst Punts On Final DIP After Creditors File Release Suit
• Amyris Woos 16 Bidders For Consumer Brands, Nears Auction
• Attorneys Have An Ethical Duty To Protect The Judiciary
• Western Global Airlines' Ch. 11 Plan OK'd After ESOP Deal
• Trustee Urges UK Top Court To OK Russian Bankruptcy Order
• Judge Nixes Swift Stay Bid In Kwok Ch. 11 Document Row
• Boy Scouts Claim Changes Raise 'Excusable Neglect' Rule
• Insurers Say 8th Amended NJ Diocese Ch. 11 Plan Still Flawed
• Sales Training Firm Shut 'For Good' In $30M CFPB-States Deal
• Ex-FTX Europe Exec Says Ch. 11 Filing Was Unauthorized
• Puerto Rico Deal Should Nix Pension Suits, 1st Circ. Told
• Bankruptcy Judge Won't Ax Madoff Trustee's Clawback Case
• Pharma Co. RevitaLid Approved For Ch. 11 Equity Swap Plan
• Customer Can't Sue PG&E Over Blackouts, Calif. Justices Say
• Catching Up With Delaware's Chancery Court
• Dermatology Drug Developer Hits Ch. 11 With Sale Plan
• Why The Debt Maturity Wall Is Still A Figment, For Now
• Foil Balloon Co. Anagram Gets OK For Ch. 11 Auction Process
• Justices Won't Review Va. Atty's Suspension Over Car Scam
• German Owner Of Zoosk Dating Sites Files Ch. 15 In Delaware
• Fannie Mae Objects To AmeriFirst Loan Servicing Sale 
• Food Recycler Asks To Scrap Ch. 11 For Ch. 7 Due To IP Suit
• BlockFi Wants Liens Acknowledged In FTX Asset Sale
• Boy Scouts' Victims To Plead For Redo On Box-Check Mistake
• Light Show Co. To Sell Assets To SCS For $4M Credit Bid
• Rite Aid Asks NJ Bankruptcy Court To Stay Ohio Opioid Case
• Sunac China Gets US Recognition For $9B Hong Kong Reorg
• Forum Clause Dooms Firm's Settlement Fund Hack Suit
• UpHealth To Sell Telehealth Biz To GTCR For $180M In Ch. 11
• Munger Tolles Beats DQ Bid In GenapSys' Paul Hastings Suit
• AI Can Help Lawyers Overcome The Programming Barrier
• UK Litigation Roundup: Here's What You Missed In London
• 10 Essential Bankruptcy Litigation Tips For In-House Counsel
• Del. Arbitration Check Ordered For Insys Trustee CEO Claims
• Madoff Trustee Says Suit Against Caceis Should Continue
• CFPB Report Puts Spotlight On Bogus Medical Debt Collection
• MediaMath Settles Ad Bill To Add $14M To Ch. 11 Estate
• Attys See More Borrowers Willing To Ditch Distressed CRE
• Sandy Hook Jury Was 'Sorely Misused,' Alex Jones Tells Court
• AgileThought Gets OK For $75M Ch. 11 Sale To Stalking Horse
• DOJ Wants More Time For Rite Aid's Ch. 11 Claims Bar Date
• 5th Circ. Drops Ethics Case After Bankruptcy Judge Quits
• Ex-Platinum Portfolio Manager Avoids Prison In Fraud Case
• AgileThought Cancels Auction, Goes With Stalking Horse Bid
• Alex Jones Asks To Sell Guns, Golf Carts To Fund Ch. 11 Case
• Live Well Inks $1M Deal With Laid-Off Workers In WARN Suit
• Insurer Says Amryis' Ch. 11 Plan Missing Info On $800K Bonds
• FTX Can Pay Foreign Customer Group's Ch. 11 Fees
• NYC Restaurant Files for Ch. 11, Citing $5M Labor Law Verdict
• Bally Sports Parent Cleared for 1-Year NBA Deal In Ch. 11
• Shipbuilder Urges 3rd Circ. To Back Bankruptcy Court Ruling
• Kwok Ch. 11 Judge Says Cloud Documents Aren't Privileged
• Developer Gets 41 Months For Hiding $9M From Creditors, IRS
• Preparing Law Students For A New, AI-Assisted Legal World
• CORRECTED: Large Wendy's Franchisee Hits Ch. 11 Citing COVID-19 Fallout
• Del. Judge OKs Bidding Procedures In Zymergen Ch. 11
• Texas Judge Defers Ch. 11 Rulings Pending Recusal Hearing
• Core Scientific Gets OK For $37M Ch. 11 Backstop Funding
• Lordstown Proposes $3M Severance Plan For Execs In Ch. 11
• TV Azteca Ch. 11 Mediation Ends Without Deal On Notes
• Aircraft Lender Says Voyager Aviation Can't Escape Interest
• Western Global's Ch. 11 Plan Flouts ERISA, Trustee Says
• SmileDirectClub Investors Say Ch. 11 Releases Are Too Broad
• FTX Strikes Deal To Recoup $22.5M In Charitable Donations
• Sellers Seeking Best Deal Should Focus On Terms And Price
• Yellow Corp. Workers Seek Ch. 11 Class Certification
• General Counsel Need Data Literacy To Keep Up With AI
• Bankrupt FTX Sues Bybit To Claw Back $953M In Assets
• Judge Won't Convert Israeli Fintech Vesttoo Ch. 11 To Ch. 7
• FTX Pushes To Pay Ad Hoc Creditor Group's Fees
• Capstone Wins Ch. 11 Plan Confirmation After Goldman Deal
• French Firm Natixis Must Face Madoff Trustee Suit
• Union Head Can't Get New Bribery Trial Over Judge's Conflicts
• Law360 Webinar: Perils And Opportunities Of CRE Distress
• Jackson Walker Says Atty Lied About Relationship With Judge
• Effective Altruism Org Seeks To Quash FTX Subpoena
• Creditors Say Puerto Rico Gov't Stopped Paying Utility Debt
• Genesis Hits $33M Deal On Three Arrows $1B Ch. 11 Claim
• Kidde-Fenwal Seeks Insurance Coverage For Foam Claims
• National Realty Trust Seeks $36M Clawback From Media Exec
• Catching Up With Delaware's Chancery Court
• Whiteford Can't Escape $18M Malpractice Suit, 4th Circ. Rules
• UK Litigation Roundup: Here's What You Missed In London
• Bally Sports Parent Says MLB Contract Demand Is Premature
• Foil Balloon Co. Anagram Can Tap $10M Of $37M DIP In Ch. 11
• Moldovan-Owned Oil Co. Files Ch. 15 To Save Kazakh Suit
• SPAC's Ch. 15 Is A Bid To Dodge Class Action, Investor Says
• McMahon Settles $11.1M Fight Over Ex-XFL Chief's Pay
• Trustee In Sawmill's Ch. 11 Seeks $6M Settlement Payout OK
• Ms. Cooper Sues Mr. Cooper Claiming Credit Reporting Errors
• Airline SAS Wins OK For Replacement $500M DIP Loan
• Scandal Puts Texas' Two-Judge Mega Ch. 11 Panel Under Fire
• Insurers Blast Camden Diocese New Ch. 11 Plan 
• Kwok Can't Use 5th Amendment As Ch. 11 Shield, Judge Says
• Rite Aid's Reasons For Ch. 11 Go Beyond Opioid Suits
• Celsius Network Wins Ch. 11 Plan Approval
• Navigating Discovery Of Generative AI Information
• NC Appeals Court Expedites Insurer Liquidation Case
• Talc Claimant Attys Get Trimmed Fees In J&J Unit Ch. 11
• US Trustee Pushes 3rd Circ. For FTX Ch. 11 Examiner
• Chancery Sets January Trial On Invictus Legal Fee Advances
• Lordstown, Foxconn Agree To Include Investors In Ch. 11 Suit
• Texas Capital Awarded DIP Funds From Reverse Mortgage Co.
• AeroCision Gets $40.2M Bid For Assets In Ch. 11 Auction
• Don't Let Fenwick And Celebs Slip FTX Suit, Investors Say
• World's Top Foil Balloon Maker Hits Ch. 11 With Sale Plan
• Kwok Ch. 11 Trustee Gets OK To Settle Retainer Dispute
• Finding Focus: Strategies For Attorneys With ADHD
• A Look At DOJ's New Nationwide Investment Fraud Approach
• Naomi Watts Says Amyris Owes Her For Work on Wellness Co.
• Decoding The Digital Asset Landscape In Bankruptcy
• Quanergy Ch. 11 Plan OK'd After Merger Agreement
• WeWork Says Landlord Concessions Key To Ch. 11 Case
• OCC's Hsu Says Examiner Sway Keeping Bank Busts Away
• Genesis Creeps Toward Ch. 11 Disclosure Approval
• WeWork CEO Says Slow Post-COVID Rebound Spurred Ch. 11
• Citizens Bank Says Hedge Fund Undercut AeroCision's Ch. 11
• Citibank Can't Duck Ch. 7 Trustee's Claims It Aided In Fraud
• SmileDirectClub Gets Final OK For First $20M Of DIP Loan
• Buyer Of Discount FTX Claims Says Sellers Reneged On Deal
• Delshah Capital Avoids Default With Hotel Sale In Ch. 11
• Title Insurer Sees Trim Of Suit Tied To Firm's Stolen Funds
• 2nd Circ. Says NY Judge Can Rule On Sears Lease Dispute
• Western Global Airlines Creditors Settle Stock Deal Claims
• Kidde-Fenwal Can Pay Ad Hoc Committee's Ch. 11 Atty Fees
• The 2023 Law360 Prestige Leaders
• How Law Firms Build And Protect Stellar Reputations
• How Fla. Bankruptcy Ruling May Affect Equity Owners
• Bankman-Fried Drops Legal Costs Suit Against Excess Insurer
• SmileDirectClub Says Invisalign Maker Wants It 'To Disappear'
• Workspace Provider WeWork Files For Bankruptcy
• Clover Food Lab Restaurant Chain Files For Ch. 11
• UpHealth Seeks Ch. 11 Retention Bonuses To Help Sale Efforts
• Chancery Slows Invictus Fund's Bid For TRO Pending Talks
• Bally Sports Owner Announces Ch. 11 Deal For NBA Coverage
• Del. Judge Orders Mediation In AmeriFirst Spat With Creditors
• Kwok Wants Gov't Communications With Ch. 11. Trustee, SEC
• Catching Up With Delaware's Chancery Court
• AgileThought Bidder Wants To Take On Mexican Units' Debt
• Tax Prep Licensees Say They Got Short Notice Of Sale Terms
• Calif. Ruling May Open Bankruptcy Trustees To Tort Liability
• Brooklyn US Atty Scolded For Remarks In Ozy Media Case
• CEO Of New Bed Bath & Beyond Departs After Activist Push
• Hertz Stockholder Fails To Delay Chancery Buyback Suit
• Justices Grant Purdue Creditors Separate Argument Time
• WeWork Shares Stop Trading For 'Pending' Announcement
• SEC And Terraform Joust For Win In Stablecoin Collapse Suit
• Bankman-Fried Faces 'Uphill Battle' Appeal, Decades In Prison
• Haynes Boone Adds Insolvency Partner From Kingsley Napley
• SmileDirect Creditors Want $55M DIP Delayed For Exec Probe
• UK Litigation Roundup: Here's What You Missed In London
• Chancery OKs $3.1M Partial Sears Hometown Suit Settlement
• Bankman-Fried's Riskiest Bet Was Taking The Stand
• Kidde-Fenwal Urges Ch. 11 Mediation To Shrink Liabilities
• Biofuel Co. Ryze Files Ch. 11 Plan To Distribute Sale Proceeds
• J&J Bankruptcy May Spark SCOTUS 'Texas Two-Step' Scrutiny
• Soft Surroundings Gets OK For $23M Ch. 11 Sale Plan
• Ex-Payroll Co. Owner Gets 8 Years For $150M Check Fraud
• US Trustee Moves To Reverse 'Tainted' Jackson Walker Fees
• US Trustee Seeks More Time To Weigh Genesis' Ch. 11 Update
• Blank Rome Bolsters Bankruptcy Group With Katten Hire
• Tellurian Raises 'Substantial Doubt' On Ability To Stay Afloat
• 3rd Circ. Rejects Bids To Freeze Boy Scouts' Ch. 11 Plan
• Noteholders Want Biotech Co.'s Ch. 11 Circumstances Probed
• Bankman-Fried Found Guilty Of Massive Fraud That Sank FTX
• Ex-K&L Gates Bankruptcy Partner Joins Phelps Dunbar
• Rite Aid Adds 24 Stores To Liquidation List In Ch. 11
• First Guaranty Whistleblower Escapes Chapter 11 Contempt
• Ex-Platinum Portfolio Manager Asks Court For No Prison Time
• Yellow Corp. Fights Teamsters' Bid To Toss $137M Suit
• Vesttoo Says It Needs One More Month To File Ch. 11 Plan
• LIVE COVERAGE: Day 18 Of Sam Bankman-Fried's Trial
• US Trustee Blasts 'Overbroad' Releases In Cyxtera Plan
• Bankman-Fried Accused Of 'Bald-Faced Lies' As Trial Wraps
• Bankrupt Philly Suburb Wins $1.45M It Pledged To Bondholder
• LA County Latest To Hit Johnson & Johnson With Talc Suit
• Albany Diocese Seeks Ch. 11 Mediation On Sex Abuse Liability
• Workers Can Pursue Calif. Wage Theft Claims In Hertz Ch. 11
• Solar Lending Platform Sunlight Gets 'Unusual' DIP Approved
• Co. Directors Must Beware Dangers Of Reverse Factoring
• Jackson Walker Ethics Woes Murky Amid Texas Judge Fallout
• Attorneys, Law Schools Must Adapt To New Era Of Evidence
• Judge Adds Release Opt-Outs To IMedia Ch. 11 Plan
• COVERAGE RECAP: Day 17 Of Sam Bankman-Fried's Trial