Large Cap More

First Brands Gets OK To Sell Rubber Biz For $8M In Ch. 11

A Texas bankruptcy judge on Thursday signed off on auto parts-maker First Brands Group's sale of its Jasper Rubber business for $8 million, after two parties reached a deal that partly cleared their dispute ov... (more story)

Spirit Lines Up $630M Ch. 11 Stalking Horse Bid For 27 Aircraft

Defunct budget air carrier Spirit Airlines asked a New York bankruptcy judge to approve Chapter 11 auction procedures for 27 aircraft, with a $630 million stalking horse bid from a secured creditor setting the floor.

Breaking Down The Vote: The High Court Term In Review

The U.S. Supreme Court's stark ideological divisions were on full display this term, particularly as it issued long-awaited rulings in the last few days of June. Here, Law360 dives into the numbers behind this court term.

Sleep Number Cleared To Hold July Chapter 11 Auction

Mattress company Sleep Number Corp. can hold a mid-July Chapter 11 auction backed by a $415 million stalking horse offer after a New York bankruptcy judge signed off on its sale procedures Thursday.

Richards Layton Promotes 6 Attys To Directors, Counsel

Delaware-based Richards Layton & Finger has announced that three of its attorneys were elected to serve as directors of the firm and three others were elevated to counsel.

'I Would've Been Fired': FDIC Expert Pans SVB's Risk-Taking

The FDIC's banking expert testified in a California federal bench trial Wednesday that Silicon Valley Bank violated prudent banking standards by mismanaging assets before it collapsed, saying officers knew SVB... (more story)

Dish Ch. 11 Timeline Slowed After Tower Cos.' Objections

A Texas bankruptcy judge slowed down Wednesday the prepackaged Chapter 11 cases from video distribution entities owned by EchoStar Corp., including Dish TV and Sling TV, after cell tower companies and the U.S.... (more story)

TPI Composites Ch. 11 Liquidating Plan Confirmed In Texas

Wind turbine blade maker TPI Composites received approval Wednesday from a Texas bankruptcy judge for a liquidating Chapter 11 plan to distribute the proceeds of an asset sale and dispose of the debtor's remaining assets.

Linqto Can Sell $130M In Ripple Shares As It Preps Ch. 11 Exit

A Texas bankruptcy judge Wednesday agreed to let Linqto sell Ripple Labs equity for a total of $130 million, in transactions that counsel for the former investing platform said will help it exit Chapter 11 soon.

Genesis Beats JV Partner's Challenge To $1B Sale In Ch. 11

A Texas bankruptcy judge has rejected an objection to Genesis Healthcare's $1 billion sale of its 175 nursing homes, ruling that a joint venture partner cannot scuttle the deal by invoking a partnership agreem... (more story)

Mid Cap More

Float Alaska Modifies Ch. 11 Plan, Gives Sponsor More Time

Airline operator Float Alaska received approval Thursday from a Delaware bankruptcy judge to modify its Chapter 11 plan and allow it to pivot to a deal with a backup bidder if its original sponsor doesn't meet... (more story)

Hilco Can't Duck Holiday Store Workers' Wage Claims

Hilco Merchant Resources must face a lawsuit from a putative class of nationwide workers who ran going-out-of-business sales at Christmas Tree Shops, a Delaware bankruptcy judge has determined, rejecting the a... (more story)

Bitcoin Depot Nets 5 Deals In Ch. 11 Asset Sale

Bitcoin Depot told a Texas bankruptcy judge Thursday that five buyers had prevailed in an auction this week for the cryptocurrency company's kiosks, business lines and other assets, offering a total of $1.4 million.

Float Alaska Asks To Modify Ch. 11 Plan After Missed Payment

Airline operator Float Alaska has asked a Delaware bankruptcy judge for permission to modify its confirmed Chapter 11 plan and disclosure statement so that it can enter into a transaction with a backup bidder ... (more story)

Judge To Approve $40M Sale Of Texas A&M Data Center

A Texas bankruptcy judge said Wednesday that he would approve a sale of a data and research center affiliated with Texas A&M University, RELLIS Campus Data and Research Center LLC, to AI software company ThisW... (more story)

Troutman Adds Sidley Bankruptcy Pro In Dallas

Troutman Pepper Locke has strengthened its bankruptcy and restructuring practice with a seasoned Dallas-based partner who came aboard from Sidley Austin LLP.

YesCare Can Use Lender Cash In Ch. 11 Amid Venue Fight

A Florida bankruptcy judge Wednesday allowed YesCare, the affiliate of prison healthcare company Tehum Care Services, to use lender cash and pay wages after adjourning a hearing on a motion to transfer the cas... (more story)

Bankruptcy No Barrier To Running Self-Managed Super: Judge

A Federal Court judge in Sydney has allowed a bankrupt former construction company manager to continue managing his self-managed superannuation fund, finding relief from management disqualification is availabl... (more story)

Puerto Rico Oversight Board Pitches $3B Bond Settlement

Puerto Rico's Financial Oversight and Management Board pitched a $3 billion settlement package to bondholders of the Puerto Rico Electric Power Authority, with an eye to finishing the power authority's bankrup... (more story)

Medspa Owner Gets Ch. 11 Cash Collateral Deal With Lenders

A Delaware bankruptcy judge said Tuesday she will grant a request by GVO Partners, a medical spa management and investment firm, to use cash collateral, agreeing with the debtor that it needs to fund its opera... (more story)

Expert Analysis

Congress Must Resolve Growing Subchapter V Uncertainty

Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points ... (more story)

Choral Singing Makes Me A Better Lawyer

Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, wh... (more story)

Power To The Paralegals: Burnout As A Structural Problem

Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structu... (more story)