June 18, 2026
Prospect Medical Holdings hopes to win approval of a $26 million insurance settlement, a trial is scheduled in the involuntary Chapter 11 case of Chinese developer Xinyuan Real Estate, New Fortress Energy affiliates are seeking Chapter 15 recognition of their U.K. restructuring, and natural gas compressor company Axip Energy Services LP is seeking confirmation of its Chapter 11 plan.
June 16, 2026
A group of malpractice claimants in the Chapter 11 case of Prospect Medical Holdings have challenged a $26 million insurance settlement proposed by the company's plan administrator, saying the deal goes back on their guaranteed rights to pursue recovery from insurers.
June 11, 2026
Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, secured a Texas bankruptcy judge's recognition of its winding-up proceedings.
May 15, 2026
A Texas bankruptcy judge Friday limited the liabilities that the buyer of Prospect Medical's California assets had assumed to the unknown medical malpractice claims from after the debtor filed for Chapter 11 relief early last year.
January 29, 2026
Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may finally close a year after the deal was approved.
January 12, 2026
Prospect Medical Holdings Inc. has asked a Texas bankruptcy judge to order the buyer of its California hospitals to cough up $11.6 million owed under an asset purchase agreement inked last year, saying it's at risk of administrative insolvency.
December 23, 2025
Two attorneys who were licensed in Connecticut were convicted in 2025 on charges that either did or could result in prison time, including a longtime real estate attorney who fatally shot a man in his law firm's parking lot. And the state's largest healthcare system said it would pay $45 million to exit an agreement to buy three ailing hospitals that were in much worse condition than previously known. Here's a look back at three of the top cases of 2025.
December 15, 2025
A bankruptcy judge in Texas rejected the result of an auction in Genesis Healthcare's Chapter 11 and confirmed Prospect Medical's bankruptcy plan, and another judge allowed Pine Gate Renewables to access more than $1.6 billion in postpetition funding.
December 12, 2025
A Texas bankruptcy judge approved Prospect Medical Holdings Inc.'s Chapter 11 plan after overruling a slew of objections during an all-day hearing Friday and allowing the healthcare group to hand off its remaining hospitals and pursue litigation to repay creditors.
December 05, 2025
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.