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Who's Who On The NJ Bankruptcy Bench, Part 1
New Jersey saw the second-most Chapter 11 bankruptcy filings in the nation over the last year. Here, Law360 takes a look at the judges leading the increasingly busy bankruptcy court, starting with those sitting in Trenton and Camden.
Meet The Attys In Biotech Co. Gamida's Ch. 11 And Ch. 15
A team of attorneys from Blank Rome LLP is representing biotech company Gamida Cell Inc. in its Delaware Chapter 11 bankruptcy and its Israeli parent company in its Chapter 15 insolvency recognition proceedings.
In Red Lobster's Tale Of Ch. 11, Shrimp May Be A Red Herring
It was more than just all-you-can-eat shrimp specials that forced casual dining chain Red Lobster into bankruptcy on Sunday — higher costs, lower foot traffic and a failure to appeal to younger customers were all additional pressures that experts say could lead other small and midsize restaurant brands to consider bankruptcy in the coming year.
Large Cap More
Cancer patients who have sued Johnson & Johnson alleging that its talcum powder caused their illness alleged Wednesday that the company has tried to intentionally prevent tort victims from getting their day in... (more story)
The First Circuit said public pensioners in Puerto Rico can't advance their claims that UBS Financial Services illegally underwrote $3 billion in bonds, ruling that the island's financial restructuring plan tr... (more story)
Optometry software maker Eye Care Leaders received a Texas bankruptcy court's approval Wednesday to sell its assets to its debtor-in-possession financing lender at a higher purchase price of $14.5 million.
A Texas bankruptcy judge on Wednesday told the general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy that its Chapter 11 case could go before another judge it had... (more story)
Global data provider and market research company Dynata LLC filed for Chapter 11 bankruptcy in Delaware on Wednesday with $1.4 billion in total debt, blaming a business slowdown on a steep drop in M&A deals, p... (more story)
The U.S. Department of Education has asked the full Fifth Circuit to reconsider a recent preliminary injunction a three-judge panel ordered blocking changes to a program providing student loan forgiveness to b... (more story)
The bankrupt former parent company of Silicon Valley Bank urged a California federal judge on Tuesday not to toss its suit against the Financial Deposit Insurance Corp. that seeks to get the deposit insurer to... (more story)
Barretts Minerals, a company that mines talc, received a Texas bankruptcy court's approval Tuesday to tap $30 million in emergency debtor-in-possession financing from a subsidiary of its nondebtor parent compa... (more story)
Bankrupt trucking firm Yellow Corp. has asked a Delaware judge to extend the period during which it has the exclusive right to file a Chapter 11 plan for the third time, touting its nearly $2 billion in real e... (more story)
A Delaware bankruptcy judge on Tuesday held in contempt a former executive for the insolvent U.S. affiliate of Indian education technology giant Byju's, finding he had been disingenuous about his attempts to t... (more story)
Mid Cap More
Chinese investors looking to recoup a nearly $40 million investment in failed developments urged an Illinois federal court against allowing bankrupt developers to use $150,000 in assets to pay the developers' ... (more story)
Cleaning products company Supply Source Enterprises has told a Delaware bankruptcy court that it is seeking a sale in Chapter 11 to deal with $180 million in debt after overestimating the post-pandemic market ... (more story)
A corporation owned by the defendant in a $93 million securities fraud case Wednesday told a Florida bankruptcy judge it has reached a deal to end its Chapter 11 case and sell the multimillion-dollar Coral Gab... (more story)
A Delaware bankruptcy judge said she would approve a prepackaged confirmation plan for Gamida Cell Inc. that would turn the biotechnology company over to its largest creditor.
In the fourth story in a series on distressed office properties in various U.S. markets, Law360 Real Estate Authority examines how a solid office building in an otherwise strong market — Dallas' Uptown — start... (more story)
Boat and water sports retailer Tommy's Boats has filed for Chapter 11 protection in Texas bankruptcy court, listing up to $500 million in debt after allegedly breaching an agreement with lender M&T Bank.
A Florida bankruptcy judge Tuesday gave seafood chain Red Lobster interim permission to draw on $40 million in Chapter 11 financing the company says is necessary to keep its restaurants running while it seeks a sale.
A shareholder of a special-purpose acquisition company that merged with a now-defunct medical technology company in 2021 waited too long to amend his year-old proposed class action and must defend the case aga... (more story)
Rudy Giuliani and two Georgia election workers reached an agreement Tuesday in a lawsuit filed in his bankruptcy case that would bar the former Donald Trump lawyer from repeating lies that the pair committed b... (more story)
Holistic medical provider UrgentPoint Inc. has filed for Chapter 11 bankruptcy protection in Delaware with the hopes of restructuring $3 million in secured debt, with its CEO blaming the bankruptcy on an expen... (more story)