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Messy Breakup Left Romance Writers Group Bankrupt
'Creditor-On-Creditor Violence' Gets Big Test In ConvergeOne
Meet The Attorneys Guiding Nursing Home Co. LaVie's Ch. 11
Messy Breakup Left Romance Writers Group Bankrupt
The Romance Writers of America's messy breakup with its membership that began with an explosive fight over social media posts about racism came to an unhappy end in a Texas bankruptcy court last week as the group sought to deal with hotel bills it can no longer pay.
'Creditor-On-Creditor Violence' Gets Big Test In ConvergeOne
Creditor infighting made famous by the bankruptcy case of Serta Simmons Bedding and a "drop down" deal by J. Crew is facing another legal test, as spurned ConvergeOne lenders battle breakaway members of their creditor class at a moment when bankruptcy judges appear split on questions of "creditor-on-creditor violence."
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.
Expert Analysis
Johnson & Johnson’s recent announcement of a prepackaged reorganization plan for its talc unit highlights that Cha... (more story)
The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early ... (more story)
In Raymond James & Associates v. Jalbert, the Fifth Circuit recently held that the bankruptcy debtor's indemnifica... (more story)
Large Cap More
A former top deputy in exiled Chinese billionaire Miles Guo's anti-Chinese Communist Party movement testified in Manhattan federal court this week that she raised millions of investor dollars out of a deep bel... (more story)
Right-wing radio host Alex Jones asked a Texas bankruptcy court to convert his bankruptcy case to a Chapter 7 liquidation, abandoning his proposed plan to reorganize his personal debts in the face of more than... (more story)
The U.S. Supreme Court allowed an insurer to intervene in policyholder bankruptcy proceedings, Liberty Mutual requested that a policyholder-judge be removed from a construction accident coverage dispute, and a... (more story)
A Delaware bankruptcy judge Thursday approved Express Inc.'s Chapter 11 financing and asset sale procedures, saying the clothing retailer had corrected the evidentiary deficiencies that led her to pump the bra... (more story)
McCarter & English LLP announced several leadership changes this week, with experienced partners stepping up to lead its environment and energy and tax and private clients groups and to help lead its Wilmingto... (more story)
Truck Insurance Exchange can intervene in Chapter 11 bankruptcy proceedings of two manufacturing companies facing numerous asbestos injury claims, the U.S. Supreme Court ruled unanimously Thursday in a reversa... (more story)
Creditors for the insolvent U.S. affiliate of Indian education technology giant Byju's asked a Delaware bankruptcy judge Wednesday to put three other U.S.-subsidiaries into Chapter 11, alleging their corporate... (more story)
A Brown Rudnick LLP bankruptcy partner Wednesday had his 50% fee increase rejected by a Delaware judge, who took issue with the proposed hike to $1,500 an hour for representing the creditors' committee in Kidd... (more story)
The trustee for Bernie Madoff's Ponzi scheme can continue to attempt to claw back funds transferred to French bank BNP Paribas, but an attempt to tack on $88 million in additional transfers to the initial comp... (more story)
Davis Polk & Wardwell LLP is representing Dollar Tree Inc. in a formal strategic review of its Family Dollar business that could lead to a sale, spinoff or other disposition, the Virginia-based retailer revealed Wednesday.
Mid Cap More
Ambri Inc.'s unsecured creditors asked a Delaware bankruptcy judge to deny the company's proposed funding package and asset sale plan and undo a $3.75 million debt rollup, saying the requests amount to a secre... (more story)
A team of attorneys from Potter Anderson & Corroon LLP is representing California-based cloud technology developer CalAmp Corp. as it moves towards a prepackaged Chapter 11 reorganization through a debt-equity swap.
A Delaware bankruptcy judge on Wednesday approved solar energy firm iSun's $4 million debtor-in-possession funding package on an interim basis over an objection from the U.S. trustee, saying the company's prec... (more story)
Bankrupt music store chain Sam Ash Music Corp. received approval Wednesday from a New Jersey bankruptcy judge for procedures governing its Chapter 11 asset sale process after negotiating concessions with its l... (more story)
A Philadelphia attorney convicted of defrauding his former law firm told a state ethics panel Wednesday that he was remorseful for his deeds, but he noted he was driven to his crime by being owed money by his ... (more story)
The owner of "Le Penthouse," known as one of the most expensive New York City condominiums, filed for Chapter 11 protection in Manhattan bankruptcy court with $66.5 million in debt and a plan to sell off its p... (more story)
The California-based fish taco-focused chain Rubio's Coastal Grill filed its second Chapter 11 bankruptcy in four years on Wednesday in Delaware, saying it had between $100 million and $500 million of liabilit... (more story)
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)