Meet The Team Helping Flight Simulator Co. Navigate Ch. 11
Flight simulator operator Avenger Flight Group is being led through Chapter 11 by a team of attorneys from Pachulski Stang Ziehl & Jones LLP.
Catching Up With New Bankruptcy Case Action
A company that provides natural gas compression equipment filed for Chapter 11 with more than $240 million in debt, a clay miner entered bankruptcy protection in response to an uptick in lawsuits, and a flavored air device maker asked U.S. courts to recognize its Canadian insolvency.
Bankruptcy Pros See Parallels Between Dot-Com Era And AI
Bankruptcy experts are saying the current enthusiasm for artificial intelligence has parallels with the early-2000s bubble of investment and debt in the online sector and the telecommunication industry.
Meet The Team Helping Flight Simulator Co. Navigate Ch. 11
Flight simulator operator Avenger Flight Group is being led through Chapter 11 by a team of attorneys from Pachulski Stang Ziehl & Jones LLP.
Catching Up With New Bankruptcy Case Action
A company that provides natural gas compression equipment filed for Chapter 11 with more than $240 million in debt, a clay miner entered bankruptcy protection in response to an uptick in lawsuits, and a flavored air device maker asked U.S. courts to recognize its Canadian insolvency.
Bankruptcy Pros See Parallels Between Dot-Com Era And AI
Bankruptcy experts are saying the current enthusiasm for artificial intelligence has parallels with the early-2000s bubble of investment and debt in the online sector and the telecommunication industry.
Expert Analysis
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Large Cap More
Two former Mallinckrodt executives have escaped the only remaining claims they faced in a proposed investor class action tied to the company's 2023 bankruptcy and share cancellations after a New Jersey federal... (more story)
The U.S. Supreme Court on Tuesday denied a request to stay a lower court's order permanently wiping out the claims of more than 2,600 Koreans who said they were failed by how the settlement was structured, as ... (more story)
A Texas bankruptcy judge on Tuesday said he would allow Office Properties Income Trust to solicit votes on a Chapter 11 plan that would let the company cut about $1.1 billion in debt, reserving creditor object... (more story)
A Connecticut federal judge has ruled that drugmaker Mallinckrodt PLC shrugged off monetary claims brought by states in a sprawling generic drug antitrust enforcement action when the company emerged from bankruptcy in 2022.
The administrator for bankrupt cryptocurrency company Terraform Labs has sued trading firm Jane Street in New York federal court over what Terraform says was an insider trading scheme to "front-run trading tha... (more story)
Counsel for luxury retailer Saks and retail landlord Simon Properties asked a Texas bankruptcy judge on Tuesday to rule if a $100 million deal in 2024 allows Simon to terminate two of Saks' leases.
Bankrupt budget airline Spirit Aviation Holdings announced Tuesday that it has reached an agreement with its secured creditors for a restructuring plan that will allow the company to emerge from Chapter 11 by ... (more story)
A sprawling mixed-use development project in downtown Los Angeles has been sold off as part of an ongoing Chapter 11 bankruptcy case in a $470 million transaction guided by Bryan Cave Leighton Paisner LLP.
Asbestos claimants of Georgia-Pacific spinoff Bestwall have asked the U.S. Supreme Court to take up their challenge to Bestwall's "Texas two-step" bankruptcy, saying the Fourth Circuit created an "erroneous le... (more story)
The U.S. Trustee's Office is opposing a move by Steward Health Care System to close its Texas bankruptcy cases, contending that while the debtor's plan has been confirmed, it is not yet effective and litigatio... (more story)
Mid Cap More
A mortgage loan servicer and a trust succeeded in getting tossed a proposed class action brought by a North Carolina couple who claimed the entities tried to unlawfully collect interest and fees on their mortg... (more story)
A Texas bank sought to dismiss an adversary complaint alleging it helped a nonprofit founder defraud a special needs trust out of $100 million, telling a Florida federal bankruptcy court Tuesday the lawsuit do... (more story)
The owner of Colorado's Glenwood Caverns Adventure Park has asked a Delaware bankruptcy judge to partially lift bankruptcy's automatic stay so it can appeal a $116 million wrongful death judgment that sent it into Chapter 11.
Natural gas compression company Axip secured a Texas bankruptcy judge's permission Tuesday to borrow about $32.4 million of a roughly $105 million Chapter 11 financing package to support its effort to sell assets.
A Texas bankruptcy judge Monday approved solar panel leasing firm PosiGen's wind-down Chapter 11 plan after the company said it modified its third-party release provisions to conform to a federal district cour... (more story)
The U.S. bankruptcy watchdog appealed orders approving Stoli's use of cash collateral and appointing a Chapter 11 trustee to oversee the bankrupt liquor group.
A bankrupt Nevada solar project named a prospective bidder chosen to secure at least $7 million in a Chapter 11 asset auction.
Legal fee feuds, noncompete pact breach fights and post-closing "earnout" battles piled up in Delaware's equity and commercial law venues last week, with top jurists briefing lawmakers on efforts to better man... (more story)
Greenberg Glusker Fields Claman & Machtinger LLP announced Monday the firm is expanding its ranks with the addition of two new partners to its Los Angeles office: a land use whiz from Jeffer Mangels & Mitchell... (more story)
The U.S. Supreme Court declined Monday to review a religious organization's constitutional challenge against the Internal Revenue Service over a lien on church property to collect taxes owed by the group's ban... (more story)