The Second Circuit on Friday upheld a Connecticut bankruptcy court decision that folded a $7.25 million mansion into the Chapter 11 estate of convicted fraudster Miles Guo, turning away his wife's argument tha... (more story)

Weil Gotshal & Manges LLP has announced that it continued its boomerang hiring streak by adding the former chair of Willkie Farr & Gallagher LLP's restructuring and reorganization practice.

A Texas bankruptcy judge has approved petrochemical company Braskem Idesa's Chapter 11 plan, which the debtor said will trim more than $900 million of debt and preserve hundreds of jobs.

O'Melveny said Thursday that it has added another attorney to its bankruptcy and restructuring team in New York — a former Linklaters LLP partner who the firm said enhances its creditor-side and special situat... (more story)

A Maryland federal judge gave preliminary approval to a settlement agreement that would see NextEra Energy pay $9.5 million to resolve class action allegations it conspired with other nuclear energy producers ... (more story)

The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamatio... (more story)

Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders an... (more story)

Summer camp company SIMAD Holdings asked a New Jersey bankruptcy judge Thursday to nix a roughly $18.7 million claim lodged by a New York-based credit union, saying the relevant lien has to do with property in... (more story)

The former CEO of Sears Holdings Corp., Edward S. "Eddie" Lampert, has reached a settlement with the Chapter 7 trustee liquidating Sears Hometown Stores Inc., a remnant of the former retail giant, that puts to... (more story)

The medical device company Curonix LLC has won its lawsuit against the founder of Stimwave Technologies Inc., with Delaware's Court of Chancery finding that the plaintiff is the rightful holder of 75,000 share... (more story)

A Texas bankruptcy judge Friday approved the $90 million sale of properties owned by insolvent resort developer Five Star Development to a prepetition secured lender.

A Delaware bankruptcy court Thursday agreed to enforce a Canadian court's reverse-vesting order in the Chapter 15 case of government technology company Thentia, finding the rule of comity weighs in favor of re... (more story)

A creditor suing CaaStle, a defunct apparel-industry software company, has objected to a settlement between the debtor's Chapter 7 trustee and its former directors and officers, arguing that resolving a $300 m... (more story)

Bankrupt real estate technology company House Canary received interim approval Thursday in New Jersey court to access Chapter 11 financing being provided by an existing lender, freeing up $3 million in liquidi... (more story)

A Connecticut appellate court has asked for more information about whether intervenors challenging caps that could cut millions of dollars of benefits in a state-managed rehabilitation of PHL Variable Insuranc... (more story)

HouseCanary has filed for Chapter 11 in New Jersey seeking to stop a planned foreclosure auction that the real estate analytics and artificial intelligence company said threatened to "destroy" it.

Cryptocurrency miner Poolin Technology said Wednesday afternoon that it has named Hut8 Corp. as the winning bidder for its assets in Chapter 11, with a $140 million bid.

The Roman Catholic Diocese of Buffalo has told a New York bankruptcy judge that it has reached a nearly $177 million settlement with its insurance carriers, raising the funds available for the sexual abuse set... (more story)

BigLaw firms are jockeying to build out "hybrid capital" practices as their private equity and private credit clients flock to the newly in-demand investment strategy to navigate economic and geopolitical uncertainty.