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Meet The Attorneys Guiding Nursing Home Co. LaVie's Ch. 11
Rounding Up This Week's 4 New Midcap Bankruptcies, So Far
Hello Judges, Goodbye Refs: 1970s Changes To Bankruptcies
Meet The Attorneys Guiding Nursing Home Co. LaVie's Ch. 11
A team of attorneys from McDermott Will & Emery LLP is guiding nursing home operator LaVie Care Centers LLC through its Chapter 11 case in Georgia.
Rounding Up This Week's 4 New Midcap Bankruptcies, So Far
Delaware's bankruptcy court has fielded a quartet of new midcap bankruptcy cases this week across a diverse range of industries from cloud technology company CalAmp Corp. to a solar energy provider and an agricultural services firm aimed at extending the shelf life of fresh produce.
Hello Judges, Goodbye Refs: 1970s Changes To Bankruptcies
Imagine taking your client's insolvent company to a referee instead of a judge, or not having creditors grill you in a 341 meeting — or not having a creditors committee at all. That was the case before the 1970s ushered in the most sweeping changes to U.S. bankruptcy law and practice in 80 years.
Expert Analysis
In Raymond James & Associates v. Jalbert, the Fifth Circuit recently held that the bankruptcy debtor's indemnifica... (more story)
The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)
A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)
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A Georgia bankruptcy judge on Tuesday gave interim approval to customary first-day motions and a $20 million debtor-in-possession loan for bankrupt nursing home operator LaVie Care Centers LLC.
Financial services company Bread Financial Holdings Inc. and its CEO have asked an Ohio federal judge to toss a proposed investor class action over the alleged "death spiral" of a now-bankrupt spinoff company,... (more story)
The unsecured creditors of Chilean cellphone network operator WOM asked a Delaware bankruptcy judge to deny certain noteholders' motion to dismiss the company's Chapter 11 case, contending that the U.S. court ... (more story)
An Oregon state jury has ruled that Johnson & Johnson owes $260 million to a woman who said she developed mesothelioma from breathing in asbestos during daily talcum powder use.
A former supporter of exiled Chinese billionaire Miles Guo testified in Manhattan federal court Tuesday that the purported billionaire conned her into investing more than $100,000 in the media company he found... (more story)
The bankrupt owner of Bally Sports-branded regional sports networks told a Texas judge Tuesday that it has reached a multiyear agreement with fuboTV to continue that company's carriage of the debtor's channels... (more story)
Anderson Kill PC has found the leaders of its financial litigation and complex disputes practice group in two attorneys from BraunHagey & Borden LLP.
A coal company executive's widow can't demand hundreds of thousands of dollars in attorney fees over a dismissed suit seeking $6.5 billion, United Mine Workers of America pension plan trustees argued, knocking... (more story)
FTX and the Internal Revenue Service have reached a proposed settlement worth roughly $885 million that would resolve the agency's contention that the bankrupt cryptocurrency exchange operator owes $8 billion ... (more story)
A Texas bankruptcy judge on Monday put off confirming the Chapter 11 plan of sightseeing cruise business Hornblower Holdings LLC in order to address the remaining objection against the plan brought by a compan... (more story)
Mid Cap More
A Tennessee federal judge threw out a lawsuit lodged by former Ruby Tuesday managers alleging Regions Bank caused them to lose out on more than $35 million by inadequately protecting their pensions and breachi... (more story)
California-based cloud technology developer CalAmp Corp. hopes to confirm its prepackaged Chapter 11 plan by the middle of July, its attorneys told a Delaware bankruptcy judge Tuesday.
Drug developer DMK Pharmaceuticals has asked a Delaware bankruptcy judge to award it $328.7 million from pharmaceutical company US WorldMeds LLC, saying USWM didn't properly market an opioid-overdose intervent... (more story)
A Delaware bankruptcy judge on Tuesday approved communications equipment company Casa Systems Inc.'s $45.1 million sale of its cable assets and Chapter 11 plan, enabling the debtor to complete a wind-down proc... (more story)
A Delaware bankruptcy judge has given Icon Aircraft permission to send its Chapter 11 plan out for a creditor vote after the light-aircraft maker said objecting shareholders have agreed to save their arguments... (more story)
Vermont-based solar energy firm iSun Inc. filed for Chapter 11 bankruptcy on Monday in Delaware bankruptcy court weeks after announcing the replacement of its chief executive officer and chief financial officer.
Massachusetts state court judges rejected a law firm's effort to fight malpractice claims by pointing the finger at a Rhode Island judge, and ruled that an online booking platform can boot the owner of Bali va... (more story)
What began as a simple commercial lease action tied to a swanky hotel in New York City morphed into a complex adversary proceeding, which a Herrick Feinstein LLP team recently brought to a close, paving the wa... (more story)
Delaware's Court of Chancery pushed out tons of decisions last week, along with a second round of new rules and letters of concern over pending changes to the state's corporate law code. The court's docket was... (more story)
The co-living company Common, which aimed to modernize apartment rentals and merged with Germany's venture backed Habyt in January 2023, filed for Chapter 7 liquidation in Delaware, listing between $10 million... (more story)