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Latest News in Bankruptcy

• March 13, 2026

  PE Firm Seeks To Block Calif. Suit Over $17.5M Deal

  A private equity investment firm has asked the Delaware Chancery Court to block two former sellers of behavioral health facilities from pursuing a parallel lawsuit in California, arguing that the claims violate contractual provisions requiring any related disputes to be litigated in Delaware.

• March 13, 2026

  Pa. City Receiver Challenges Law That Halted Ch. 9 Utility Sale

  A state law that stripped a Pennsylvania city of its ability to appoint all the members of its water authority's board was unconstitutional, the bankrupt city of Chester said in a Pennsylvania Commonwealth Court petition Friday, challenging a law that derailed its Chapter 9 plans to sell the local agency's assets.

• March 13, 2026

  Ethanol Giant Raizen Seeks US Nod For $12B Brazil Reorg

  Raizen SA, the largest producer of ethanol in Brazil, and several affiliates filed for Chapter 15 recognition in New York on Thursday with 65.1 billion reais, or about $12 billion, of debt, after striking a preliminary restructuring agreement with some creditors that seeks to halt a downward liquidity spiral.

• March 13, 2026

  Risk Disclosure Lessons For AI Cos. From Dot-Com Era

  Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

• March 13, 2026

  Competing Plans To Move Forward In Oakland Diocese Ch. 11

  A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee that there are flaws in each proposal.

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