Bankruptcy Archive » February, 2024

Bankruptcy - February, 2024

274 articles

• Lordstown To Pay $25M In SEC Probe Of Overhyped EVs
• Stolen Funds Render FTX Clawback Moot, Embed Parties Say
• US Trustee Opposes Proterra Ch. 11 Plan's Future Exculpation
• Yellow Corp. Gets Ch. 11 Control Extended To End Of July
• Amazon Seller Thrasio Seeks $360M DIP Facility In Ch. 11
• Celsius Floats Fix For Customers' 'Devastating' Ballot Blunder
• Inside BigLaw's 'Tremendous' Hunger For Restructuring Attys
• Bankruptcy Group Of The Year: Brown Rudnick
• Bankrupt Endo To Pay $465M To Resolve Opioid Claims
• 7 Common Myths About Lateral Partner Moves
• Fla. Judge OKs $43.5M Deutsche Bank Deal In Ch. 15 Case
• Gemini To Pay $37M Fine, Vows To Make Customers Whole
• Kwok Trustee Seeks Second Judge's Help With Clawbacks
• NY Bar Assoc. Building Owner Hits Ch. 11 Amid Lender Tiff
• Brazilian Airline Approved For Ch. 11 Loan Worth $1B
• Bankrupt Coffee Co. Says Nicaraguan Asset Sale Unlikely
• Homeowners Urge Judge To Toss 'Tactical' MV Realty Ch. 11
• Cheering In The NFL Makes Me A Better Lawyer
• Erika Girardi Can't Shed Costume Merchant's Suit
• US Trustee Taps Ex-Prosecutor To Be FTX Examiner
• NuVasive Can Pierce Co. To Collect From Ex-Rep, Judge Says
• Major Amazon Seller Thrasio Enters Ch. 11 To Cut $500M Debt
• Bankman-Fried Urges No More Than 6.5 Years For FTX Fraud
• Ex-Girardi Keese Atty Settles With Actress Over Missing Cash
• Atty Isn't Liable As Husband's Firm Partner, NJ Panel Says
• Ch. 11 Trustee Says Bank Fraud-Tied Jewelry CEO Hid Assets
• Hospital Groups Allege Opioid Crisis Damaged Their Finances
• Jackson Walker, Kirkland Again Sued Over Judge's Romance
• Trial Over Ch. 11 Trustee In Eletson Bankruptcy Set For April
• Katten Can't Drop Madoff Ch. 7 Clawback Client, Court Rules
• NH Power Plant Gets OK On Purchaser Settlement In Ch. 11
• Careismatic Creditors Lash Out At DIP Proposal
• Latham, Jackson Walker Avoid Sanctions Over Sorrento Venue
• AmEx Fights To Arbitrate Merchant's Girardi-Linked Suit
• Genesis Creditors, Owners Allege Cash Grab At Plan Hearing
• 11th Circ. Says Bankruptcy Fraud Threat Can't Tank Deal
• Bally Sports Parent Gets OK For $495M Settlement, $450M DIP
• Stimwave Prosecutors Accused Of Brady Violation Mid-Trial
• J&J Bankruptcy Could Thwart Accountability For Victims
• Prosecutors Ask NC Justices To Enforce Ban On MV Realty
• H&M-Backed Fabric Recycler Files For Bankruptcy In Sweden
• Yellow Corp. Gets Nod On New Procedures For Injury Claims
• Kirkland Nabs $14.6M Payout For Cyxtera's Ch. 11
• Catching Up With Delaware's Chancery Court
• SVB's Cayman Unit Loses Ch. 15 Bid In NY
• MV Realty Asks NC Justices To Stay Injunction Pending Appeal
• US Trustee Objects To Rite Aid Disclosure Statement
• Bankrupt REIT Gets Ch. 11 Reorganization Plan Approved
• NH Plant Strikes Deal On Power Purchase Contract
• FTX Settles $324M Ch. 11 Suit Over European Deal For $33M
• NRA, LaPierre Found Liable For Misconduct In $6M Verdict
• Citibank Looks To Dodge Ch. 7 Trustee's Fraud Claims
• Giuliani's Creditors Try To Make $148M Judgment Stick
• 6 Pointers For Attys To Build Trust, Credibility On Social Media
• Eye Care Tech Co. Gets Go-Ahead For April Sale In Ch. 11
• Crypto Co. DGC Blasts NY AG Settlement With Genesis Global
• Carnegie Must Pay Fees For 'Unreasonable' Diamond IP Suit
• Almond Grower's Early Ch. 11 Motions Get Wary OK
• US Can't Appeal Order To Give Avenatti's Tax Info To Trustee
• Vesttoo Liquidation Delayed For Closer Look At Creditor Deals
• Kwok Owed Records About CCP Targeting, Judge Says
• Sorrento Says US Trustee's Protest Of Texas Venue Off Base
• FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11
• Longshore Union To Exit Bankruptcy With $20M Settlement
• Yellow Corp. Landlord Says Time's Up For Ch. 11 Lease Sales
• Instant Brands Ch. 11 Plan Gets OK After Win In Supplier Row
• Full Supreme Court Won't Halt Boy Scouts' Ch. 11 Plan
• Former Texas Atty Gets 50 Years For 'Ponzi-Type' Client Fraud
• NY Judges Question Lehman's Bid To Undo CDS Trial Loss
• Genesis Creditors Seek At Least $45M Out Of Ch. 11 Plan
• Peer Street Needs To Revise Ch. 11 Disclosures, Judge Says
• NH Power Plant Can Reject Electric Purchase Deal In Ch. 11
• 5th Circ. Affirms Subrogation Loss In Fieldwood Energy Sale
• Lenders Seek To Toss NYC Condo Building's 'Bad Faith' Ch. 11
• Rite Aid Gets OK To End Former Queens Store Lease
• Appliance Parts Maker Can Mediate Creditor Suits In Ch. 11
• Consumer Data Co. Gets OK For $50M Ch. 11 Sale
• A Post-Mortem Analysis Of Stroock's Demise
• NY Court Weighs Greenlighting Celsius Ch. 11 Suits
• Bankman-Fried Gets New Attys After Waiving Crypto Conflict
• IMedia Gets OK For Ch. 11 Liquidation Plan
• Cruise Line Hornblower Hits Ch. 11 With Over $1B Debt
• Giuliani Can Contest $148M Fine But Not With His Own Money
• Bankrupt Co. Stole $100M In Special Needs Trusts, Suit Says
• Justices Won't Hear JPMorgan Syndicated Loan Dispute
• Judge Spikes Ebix Investors' Bid For Ch. 11 Equity Committee
• US Trustee Wants Sorrento Ch. 11 Tossed Or Relocated
• Ex-BigLaw Atty Avoids Prison For Ch. 11 Lies
• Audacy Ch. 11 Plan Reducing Debt By $1.6B Confirmed
• Almond Farmer Hits Ch. 11 With $188M Debt, Sale Plans
• US Trustee Says Coffee Co. Can't Redact Execs' Names
• Hess Corp. Oil Refinery Unit Gets OK For Ch. 11 Plan
• Insurer Says BlockFi Premium Suit Violates Ch. 11 Plan
• Sullivan & Cromwell Accused Of Aiding FTX Fraud
• Girardi Keese Trustee Recovers $1.8M In Fees For Exide Case
• Don't Sit On Bankruptcy Sidelines, 5th Circ. Ruling Reminds
• Paul Hastings, Others Seek $9.9M In Kwok Ch. 11 Case Fees
• Selendy Gay Taps Paul Weiss Bankruptcy Litigation Pro
• Boomerang In Default For Silence On $7M Del. Contract Suit
• Windels Marx Atty Joins Seyfarth's New Restructuring Team
• Giuliani's Retrial Bid Stuck In Fight Over Representation
• Ex-Yellow Corp. Workers Push WARN Class Cert In Ch. 11
• French Retail Co. Casino Group Files For Ch. 15 Recognition
• 2nd Circ. Ruling Will Guide Social Media Account Ownership
• Kwok Trustee Files RICO Claims As Judge Extends Deadlines
• No Coverage For Conn. Firm's Malpractice Fight, Insurer Says
• Fruit Grower Gets OK For $11M DIP Draw After Lender Deal
• Supreme Court Pauses Boy Scouts Ch. 11 Plan
• Firms Connected To 1MDB Scandal Seek Ch. 15 In US
• NRA Accuses NY AG Of Political Bias As Trial Closes
• Instant Brands May Have Rights Against Supplier, Judge Says
• Invitae Can Use Cash Collateral For Speedy Ch. 11
• Court Mulls If Claims Buyer Qualifies For Special Ch. 11 Trust
• Judge Doubts NY Diocese Has Enough Votes For Ch. 11 Plan
• Byju's Insiders Seek Ch. 11 Dismissal, Calling It Litigation Ploy
• DIP Lenders Sue Allegiance Coal Over $1.8M In Unpaid Fees
• 4E Agent Floats Plan To Hand Disputed Atty Fees To Creditors
• Peer Street Hits Back Against Ch. 7 Conversion Efforts
• Appliance Parts Co. Robertshaw Hits Ch. 11 With $833M Debt
• NY Top Court Weighs Weinstein's 'Prior Bad Acts' Evidence
• Telecom Confusion Caused $56M Damages, Conn. Judge Told
• Pharma Co. Humanigen Gets OK For Ch. 11 Sale
• NY Suggests LaPierre Owes Millions As NRA Trial Ends
• Bed Bath & Beyond Execs Given Access To $10M In Insurance
• Breast Implant Co. Wants Ch. 11 Sale Closed In 60 Days
• NY Objects To Rite Aid Bid To Close More Stores
• SmileDirectClub Trustee Wants To Cut Leases To Stop Losses
• Perkins Coie Keeps Malpractice Win Over Trustee's Standing
• Texas Ruling Clarifies That Bankruptcy Shields LLC Rights
• Genesis Gets Nod To Sell $1.6B In Grayscale Shares In Ch. 11
• Coaching High School Wrestling Makes Me A Better Lawyer
• Genetic Testing Co. Invitae Files For Ch. 11 With $1.5B Debt
• ABA Asks Agency To End Use Of 'Master,' Citing Slavery Tones
• NH Power Plant Says Electricity Deal Is Leaving It Broke
• SAS Ex-Cabin Crew Defends Bid For Pension Pay In Ch. 11
• Voyager Investors Suing Mark Cuban Reach Deal With Gronk
• Creditors Want Ch. 11 Trustee For NJ Defense Contractor
• US Asks Court To OK $1.4B Tax Claim Against SVB
• Fruit Co. Seeks $122M Private Sale To Avoid Ch. 11 Auction
• Kidde-Fenwal Row Not For Bankruptcy Court, Insurers Say
• FDA, Creditors Oppose Drugmaker Humanigen's Ch. 11 Sale
• LaPierre Defends TV Spots, Celeb Ties As NRA Trial Nears End
• Troika Strikes Ch. 11 Deal To Release $29M In Escrow
• Santander Blasts Brazilian Airline's $950M DIP Request
• Troutman Pepper Faces One Of Kwok Trustee's Clawbacks
• Debt Collector Compliance Takeaways From An FDCPA Appeal
• SG's Office Is Case Study To Help Close Legal Gender Gap
• McCarter & English Grows In Miami With Levine Kellogg Atty
• Breast Implant Maker Sientra Hits Ch. 11 With $82M In Debt
• WeWork Lenders Blast SoftBank, Ask For Ch. 11 Examiner
• Aerospace Supplier Can Kick Gulfstream Supply Deal
• Rite Aid Seeks To Extend Ch. 11 Exclusivity To Late April
• Katten Says It Can't Be Forced To Stay In Madoff Suit
• Oil Driller Accused Of Using Creditor Assets For Ch. 11
• FTX Says User Agreements Don't Sink $157M Clawback
• Energy Drink Co.'s Ch. 11 Stayed As Ex-CEO Seeks Tax Docs
• Genesis Hit With Objections To $1.6B In Grayscale Trust Sales
• SafeMoon CEO Finally Gets Bail In $300M Crypto Fraud Case
• San Francisco Diocese Asks For More Time On Ch. 11 Plan
• Kwok Trustee's Clawback Blitz Targets Fox, Steve Bannon
• Green Construction Co. Gets Ch. 15 Nod For Canadian Case
• NJ Won't Restrict Ch. 11 Cases To Certain Judges, Group Told
• Humanigen Creditors Say DIP Loan Ties Up Too Many Assets
• Audacy Floats Two Ch. 11 Sales That Could Net Debtor $21.6M
• NH Wood-Fired Power Plant Hits Ch. 11 With $173M Of Debt
• Bally Sports Waiting On OK For Deal On 2024 MLB Season
• Boy Scouts' Abuse Victims Ask Justices To Halt Ch. 11 Plan
• CORRECTED: 11th Circ. Says Guilty Plea Sinks Appeal In Investment Fraud Case
• NY AG Seeks $2B More From Genesis Parent Co. In Fraud Suit
• 5th Circ. Skeptical Of Gatekeeper Clause In Highland Ch. 11
• First Citizens Says HSBC Execs OK'd SVB Poaching Plan
• Ex-BigLaw Atty Tells Jury LaPierre Didn't Control NRA Board
• AgileThought Gets Initial OK For Rolling Ch. 11 Dismissals
• Trustee Balks At Retroactive Atty Hire In Infowars Ch. 11 Case
• Canadian News Co.'s US Entities Lose Ch. 15 Recognition Bid
• Judge Urges NY Diocese, Abuse Claimants Into Ch. 11 Talks
• Rockport Asks Judge To Dismiss Ch. 11 After $52M Asset Sale
• Lucky Bucks Ch. 7 Trustee Seeks Docs About $237M Payout
• Gemini's $800M Claim On Genesis Isn't Secured, Judge Says
• Genesis Says Parent Crypto Co. Must Pay For $33M 3AC Deal
• Ebix Investors Seek Creation Of Ch. 11 Equity Committee
• Crypto Issues To Watch Amid Evolving Legal Landscape
• Kidde-Fenwal's Ch. 11 Fee Examiner OKs $20.4M For 15 Firms
• Squire Patton Bankruptcy Ace Joins Baker Botts In Dallas
• Alex Jones Atty Calls Infowars 'Nonsense' In $1.4B Appeal
• MoFo Brings Bankruptcy Vet From DLA Piper To NY Office
• 3rd-Party Financiers Have Power To Drive Mass Tort Cases
• Del. Dispatch: Clarification On Fiduciary Duties Of Controllers
• Giuliani Says Unpaid Bills Mounted As Legal Career Sputtered
• Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims
• Eletson Creditors Seek Ch. 11 Trustee In Gas Tanker Feud
• NRA Upped Compliance After AG Probe, Auditor Tells NY Jury
• Haynes Boone Partner Faces Suit Over Fund Transfer In Ch. 7
• 3rd Circ. Says Bankruptcy Claim Didn't Break Small Loan Law
• South Fla. Resort Heads To Liquidation After Failed Sale
• Jackson Walker Steps Down From 4E Ch. 11 Amid Fees Probe
• Retired Bankrupt Borrower Gets Student Loan Discharge
• Stay Ruling Challenges Sovereign Debt Dynamics
• Bybit Wants $953M FTX Suit Axed For 'Threadbare' US Ties
• Imerys, Cyprus Mines Get Extension For Ch. 11 Mediation
• Reimagining Law Firm Culture To Break The Cycle Of Burnout
• Feds Say Mukasey Repping SBF, Mashinsky Possible Conflict
• DCG Slams Genesis Ch. 11 Plan As Favoring Some Creditors
• Drugmaker Eyes Ch. 11 Pivot In Bid To Stave Off Liquidation
• Cano Health DIP Gets Initial OK Without $23M Lender Fees
• 11th Circ. Says Cayman Fund Liquidators Appeal Is Too Late
• Judge Will Screen Ex-CEO's Filings In Stimwave Ch. 11
• NY Judge Says Firm Can't Rep Debtor And Then Defendant
• Kwok Trustee's Clawback Targets Fight Extension Request
• NY Marketing Co. Gets OK For $51M Sale To Lender
• Boy Scout Victims Can't Redo Box Check Mistake, Court Says
• Man Used Investment Fund To Run Ponzi Scheme, Feds Say
• McDonald's Franchisee Settles Sex Assault Lawsuit For $4.4M
• What Are The Pros And Cons Of Selling A Bankruptcy Claim?
• NanoString Can Tap $142.5M DIP As It Weighs Ch. 11 Sale
• Ex-Bankruptcy Judge Taps McKool Smith Amid Ethics Scandal
• SAS Gets Clearance For Ch. 11 Plan Vote
• Giuliani's Chapter 11 Choice Will Help Him Keep Control
• Sealed BlockFi Deal With 3AC In Ch. 11 Gets Court OK
• Deal Reached To Fund E-Bike Co.'s Ch. 11 Admin Expenses
• IMedia Asks For More Time To Get Ch. 11 Plan Confirmed
• Competing In Dressage Makes Me A Better Lawyer
• Kwok Trustee Makes Case For $13.5M Private Jet Proceeds
• NY Judge Floats Nixing Some AG Claims From NRA Trial
• Byju's Lenders Want To Claw Back $533M Hedge Fund Pay
• Packable's Creditors Can Pursue Breach Of Fiduciary Claims
• NY Diocese Says Court Shouldn't Resurrect Disputed Claims
• Audacy Abandons BMI Merger Suit With $25.4M Stock Deal
• Workers Want $500K Fee Award From Defaulting Restaurateur
• US Trustee Balks At BlockFi Bid To Seal 3AC Deal
• Biotech Co. Hits Ch. 11, Blames Drug Misfires, Criminal Case
• Expedia Must Face Bankrupt Swiss Rival's Antitrust Claims
• Zymergen Ch. 11 Plan Confirmed After Investor Objection
• WeWork Presses Landlords For Ch. 11 Lease Concessions
• Spinal Implant Maker Previews Ch. 11 Sale And Wind Down
• McGlinchey Stafford Nabs Bankruptcy Veteran From PNC
• Ch. 11 Ruling Highlights 'Two-Step' Challenges In 4th Circ.
• Biotech Co. NanoString Hits Ch. 11 In Del. With $325M Debt
• Healthcare Group Cano Health Hits Ch. 11 With $1.3B Debt
• BCLP Sees 2nd Group Depart As 7 Head To Arnold & Porter
• Suspect In $400M Crypto Theft Put Under Monitoring
• Judge Tosses Involuntary Releases In Amyris Ch. 11 Plan
• NYC Sues FDIC For $7M Of First Republic's Back Taxes
• Drugmaker Endo Wants To Extend Opioid Suit Pause
• Counsel To LeClairRyan Trustee Seeks $13M In Final Fees
• Consumer Data Co. Cleared To Seek Ch. 11 Plan Votes
• Auto Parts Supplier Cleared For Prepackaged Ch. 11 Plan
• Foreign Liquidators Say SEC Plan Is Counter To Cayman Law
• Kwok 'Shell' Co. Held In Contempt For Holding Back Info
• Diamond Sports Inks 2024 Broadcast Deals With 3 MLB Teams
• 3 Strategies For Aggressive Judgment Enforcement
• Otterbourg Adds Ex-Brown Rudnick Restructuring Head In NY
• FTX Looks To Sell $175M Crypto Claim Against Genesis
• Chancery's Sears Ruling Clarifies Stockholder Duties
• Stimwave Trustee Seeks Stay Of Perryman Actions In Ch. 11
• Warren Slams Prison Health Co.'s Revised Ch. 11 Plan
• Imerys, Cyprus Mines Propose Ch. 11 Plans With $862M Trust
• 3rd Circ. Orders NJ Court To Rethink $29M Verdict Erasure
• Experts Urge Justices To Bar Insurer's Ch. 11 Challenge
• FTX Customers Sue Over Digital Asset Ownership In Ch. 11
• Longshore Union Reaches $20M Deal In Port Boycott Case
• Bankrupt Pharma Co. Impel Gets OK For $17.5M Sale
• Genesis Strikes $21M Deal In SEC Crypto Enforcement Action
• Insurers Blast Syracuse Diocese Ch. 11 Plan
• Judge OKs SVB Atty Fees In Ch. 11 Despite 'Sticker Shock'
• How Biotech Cos. Can Utilize Synthetic Royalty Financing
• Deals Rumor Mill: Aramco, Reddit IPO, Figure AI
• Spinal Implant Maker Eyes Ch. 11 Wind-Down In Del.
• Publicis Reaches $350M Opioid Settlement With All 50 States
• Indian Tech Giant Byju's US Unit Hits Ch. 11 With $1.5B Debt
• Justices Asked To Stop Trustee From Recovering Taxes
• Ch. 7 Doesn't Nix Criminal Restitution, 5th Circ. Says
• The Legal Industry Needs A Cybersecurity Paradigm Shift
• NYC Music Venue Gets 'Last Shot' At Ch. 11 Reorg