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Latest News in Bankruptcy

• March 10, 2026

  J&J Unit Wins Sanction In Talc Libel Case

  A Virginia federal judge on Tuesday issued sanctions against a doctor being sued by a Johnson & Johnson unit over an article linking mesothelioma with talc products, saying that a jury will be told that he deleted emails about the article when he was legally obligated to keep them.

• March 10, 2026

  Pa. Developer Hits Ch. 11 With Up To $10M In Liabilities

  Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.

• March 10, 2026

  Oakland Diocese Calls Abuse Claimants' Plan Unreasonable

  The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly proposed Chapter 11 plan for the diocese.

• March 10, 2026

  Insurers Can't Resume Investor Fight In $220M Coverage Row

  A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors, stymieing the carriers' attempts to curtail a fight over coverage of a $220 million securities settlement.

• March 10, 2026

  First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11

  Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.

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