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Latest News in Bankruptcy

• January 28, 2026

  $3.1M Legal Fee At Heart Of Latest Feud In Citgo Sale Saga

  A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auctioning off Citgo to satisfy billions of dollars' worth of Venezuelan debt.

• January 28, 2026

  Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation

  An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits.

• January 28, 2026

  Del. Court Presses Norcold On Insider Bankruptcy Sale

  A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outside of a Chapter 11 plan, a transaction critics say would extinguish valuable litigation claims and leave the estate administratively insolvent.

• January 28, 2026

  Record Label Says 2 Live Crew Gave Up Rights In Bankruptcy

  A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that the rights were included in the sale of the records in a 1996 bankruptcy.

• January 28, 2026

  Data Co.'s Brass, Top Customer Face SEC 'Round-Trip' Claims

  Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting scheme to overstate the company's revenue and become a more attractive target for a special purpose acquisition company.

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