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Latest News in Bankruptcy

• February 11, 2026

  Media Co. Challenges $36M Formula One Award Over Fraud

  A media company has asked a California federal judge to stop a British Formula One racing team and related car designer from enforcing a $36 million arbitral award against it, saying it learned during bankruptcy proceedings of fraud committed by the F1 team.

• February 11, 2026

  Steward Health Creditor Trust Seeks $56M From Insurers

  The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medical bills totaling more than $56 million.

• February 11, 2026

  Pa. City Sues Over Sewers, Urged To Pull Ch. 9 Plan

  The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new restructuring plan after the state's highest court foreclosed an attempt to take control of its water system.

• February 11, 2026

  If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access

  With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers that need to retain access to key AI products in the event of vendor’s bankruptcy should consider four elements that could determine whether they may invoke traditional Section 365(n) intellectual property protections, say attorneys at Sidley.

• February 11, 2026

  Bankruptcy Court Asked To Keep Nicklaus Biopic Deal Intact

  A film production company has urged a Delaware bankruptcy court not to allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of the insolvent business bearing the golf legend's name, saying the firm's role is commercially critical.

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