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April 30, 2026
Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson assets in defiance of the company's Chapter 11 plan.
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April 30, 2026
Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion, a move that could hasten the delivery of funds Jones owes the families after massive defamation judgments.
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April 30, 2026
It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP convinced the appellate panel to nix an $18 billion judgment against Argentina.
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April 30, 2026
Johnson & Johnson told a New Jersey federal court that a recent ruling in Illinois backs the Beasley Allen Law Firm's disqualification from multidistrict litigation over its talcum powder.
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April 30, 2026
Purdue Pharma LP on Thursday secured a New York bankruptcy judge's approval of a $125 million agreement with McKinsey & Co. that settles claims tied to the consulting firm's work advising Purdue on the sale and marketing of opioids, clearing the way for the pharmaceutical company to exit Chapter 11 and put its $7.4 billion bankruptcy plan into effect.
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April 29, 2026
Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward ending a long-running saga aimed at satisfying billions of dollars' worth of Venezuelan debt.
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April 29, 2026
The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation linked to satire website The Onion.
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April 29, 2026
A New York bankruptcy judge on Wednesday said it isn't yet time for a hearing on what method the trustee for Bernie Madoff's bankrupt Ponzi scheme should use to trace billions of dollars in transfers he is trying to claw back from more than two dozen parties.
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April 29, 2026
A lender says a pot dispensary across from Fenway Park owes it $8 million and should be placed into receivership, the latest in a series of lawsuits against one of Massachusetts' first social equity cannabis license recipients.
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April 29, 2026
An auction for assets of Fat Brands Inc. netted offers totaling $10.5 million for two restaurant chains and credit bids for the company's 16 other brands, according to notices in its Chapter 11 case.
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April 29, 2026
The Delaware Supreme Court has upheld a lower court's dismissal of a dispute over a failed attempt to purchase a multimillion-dollar claim tied to the collapse of onetime crypto giant FTX Trading Ltd., affirming that the case does not belong in Delaware courts.
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April 28, 2026
A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.
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April 28, 2026
A panel of the Fourth Circuit upheld the rejection of a North Carolina resident's Chapter 13 plan, saying Tuesday the plan complied with the letter of the Bankruptcy Code but was not an "honest effort" to pay his debts.
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April 28, 2026
A Delaware bankruptcy judge on Tuesday allowed bankrupt home lending broker Impac Mortgage to continue to control the sale of its stock after hearing that millions of dollars in transactions took place despite an emergency order he entered Monday to restrict trading.
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April 28, 2026
Miyoshi America Inc., a supplier of cosmetics ingredients, filed for bankruptcy protection in Texas on Monday with a preapproved Chapter 11 plan aimed at putting to rest asbestos-related personal injury litigation with a $20 million trust.
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April 28, 2026
OxyContin maker Purdue Pharma LP has to pay a $3.5 billion fine and forfeit an additional $2 billion, more than five years after it pled guilty to criminal charges related to its role in the opioid crisis, a New Jersey federal judge said Tuesday.
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April 28, 2026
A Delaware judge Tuesday agreed to convert the bankruptcy of charity financial technology group Flipcause to a Chapter 7 liquidation after its Chapter 11 trustee sold its assets and reached a settlement with creditors.
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April 28, 2026
Saint Augustine's University, one of the nation's oldest historically Black colleges and universities, has filed for Chapter 11 protection in North Carolina bankruptcy court with up to $100 million in liabilities, nearly a year after losing its accreditation.
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April 28, 2026
A Texas bankruptcy judge Tuesday gave interim approval to Wiser Solutions Inc.'s $34.2 million debtor-in-possession loan, freeing up $4.2 million in new funds as the retail data software company eyes a June Chapter 11 auction.
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April 27, 2026
Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.
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April 27, 2026
Wiser Solutions, a software company that collects data from retailers, has filed for Chapter 11 protection in Texas bankruptcy court with about $563 million in debt and plans to sell its business to its main lender.
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April 27, 2026
Wren US Holdings Inc., a kitchen design firm based in the northeastern United States, has filed for Chapter 7 liquidation in Delaware, citing between $100 million and $500 million each of assets and liabilities.
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April 27, 2026
The Third Circuit on Monday upheld its decision that Whittaker Clark & Daniels was authorized to file for Chapter 11 and certain claims against the defunct talc supplier's corporate successor belong to the debtor, not personal injury claimants.
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April 27, 2026
A Michigan federal judge Monday granted Flagstar Bank's bid for summary judgment on liability for its civil conspiracy claim against a former executive of reverse-mortgage company Live Well, finding his guilty plea admissions in a related criminal case established that he joined a scheme to mislead lenders through inflated bond valuations.
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April 27, 2026
U.S. District Judge Alan Albright has dropped out of overseeing a case in which Verizon is suing a patent holding company for allegedly trying to dodge a more than $500,000 attorney fee award, citing communications with the patent holder from a decade ago.