Large Cap More

WARN Act Plaintiffs Vie For Control In First Brands Ch. 11

Attorneys representing two groups of employees terminated by bankrupt auto parts maker First Brands Group asked to be put in control of mass termination litigation against the company, each saying on Tuesday t... (more story)

QVC Shareholders Renew Bid To Block Debtor's Ch. 11 Plan

QVC Group Inc.'s preferred shareholders have filed a reply in support of their motion to terminate the debtor's exclusivity rights in Chapter 11, telling a Texas bankruptcy judge that QVC's reorganization plan... (more story)

Endo Trust's $4.1B Claim Against TPG Survives Dismissal Bid

TPG Capital must face a lawsuit seeking to claw back $4.1 billion it made from the sale of a generic opioid manufacturer to Endo International PLC, whose trustee has alleged it did not receive reasonably equiv... (more story)

Fat Brands Clears Hurdle To Pitch Post-Sale Ch. 11 Plan

A Texas bankruptcy judge granted conditional approval for the disclosure statement of Fat Brands' Chapter 11 plan, allowing the chain restaurant operator to seek creditor votes on its post-sale liquidation plan.

Azul Wants Creditors Blocked In Brazil With Ch. 11 Plan

Reorganized debtor airline Azul SA asked a New York bankruptcy judge to shut down collection efforts in Brazil by two of its creditors, saying their claims were discharged under the Chapter 11 plan approved last year.

Lugano OK To Hand Over Insurance For Lost $10.5M Diamond

Jewelry house Lugano Diamonds on Monday secured a Delaware bankruptcy judge's tentative approval to transfer an insurance policy to a creditor that consigned the debtor a diamond worth $10.5 million that later went missing.

Justices Won't Hear Challenge To 'Texas Two-Step' Ch. 11

The U.S. Supreme Court on Monday said it won't hear a challenge by asbestos claimants to the "Texas two-step" bankruptcy of Georgia-Pacific spinoff Bestwall.

NY Judge Doubts Nussbaum-Linked Firms Belong In Ch. 11

A New York bankruptcy judge on Friday questioned whether his court was the proper venue to wind down two commercial real estate law firms headed by Mark J. Nussbaum as the debtors sought to ditch an assignment... (more story)

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen the billionaire who donated £5 million ($6.7 million) to Nigel Farage sue Ben Habib, the leader of far-right party Advance UK, for defamation; Mashreqbank bring claims against ... (more story)

First Brands Pact Clears Way To Sell Collateral During Dispute

Lenders to First Brands-affiliated special purpose financing vehicles entities reached a deal with Onset Financial Inc., allowing collateral to be liquidated while the parties pursue litigation to resolve comp... (more story)

Mid Cap More

Michal International Creditors Say Insider Cut Line With Liens

The unsecured creditors committee for bankrupt investment company Michal International Investment LLC sued another creditor alleging it schemed to outflank stakeholders by placing liens on debtor assets via a chosen manager.

Defense Department Says Biotech Co. Ch. 11 Plan Is Unfair

The U.S. government has asked a Delaware bankruptcy judge to reject Alachua Government Services' disclosure statement for its liquidation plan, saying the biotechnology company is proposing to shortchange the ... (more story)

Fox Rothschild Atty Censured Over $2.7M In Unapproved Fees

A New Jersey-based bankruptcy partner at Fox Rothschild LLP has been censured by the Supreme Court of New Jersey after she was found to have wrongfully disbursed over $2.7 million in fees to her former firms without approval.

Sand Miners Say They May Have Deal For Cash Ch. 11 Sale

A Texas bankruptcy judge on Tuesday gave a pair of bankrupt fracking sand miners until next week to finalize a last-minute cash offer for their businesses after hearing no one had bid at the debtors' asset auction last week.

23andMe Says California Data Breach Suit Evades Ch. 11 Plan

The bankruptcy plan administrator for the genetic testing company formerly known as 23andMe is urging a Missouri bankruptcy court to shut down a lawsuit recently lodged by California's attorney general that se... (more story)

4 Mass. Rulings You May Have Missed In May

A bankruptcy trustee may continue to pursue claims that a lender violated an oral amendment to a loan agreement, a former executive for a Dunkin' franchisee cannot push his case to Delaware, and a law firm hir... (more story)

Suspended Fla. Lawyer's Bankruptcy Case Thrown Out

A Florida bankruptcy court judge has dismissed the Chapter 13 case of a suspended lawyer facing state bar disciplinary charges over allegations that he defrauded dozens of clients by charging them legal fees f... (more story)

IronNet Still Short On Funds To End Ch. 11

A Delaware bankruptcy judge Monday heard cybersecurity firm IronNet is still about $1 million behind on its Chapter 11 payment obligations and a motion to dismiss the case is still on the table.

Philly Music Venue Ch. 11 Reports Past Due, US Trustee Says

The U.S. Trustee's Office has moved to dismiss the Chapter 11 case of World Cafe Live, a nonprofit live performance venue in Philadelphia, arguing that the debtor failed to file monthly operating reports on time.

AI Voice Co. Files Ch. 7 Amid Actors' Copyright Suit

Artificial intelligence-enabled voice generating software company Lovo Inc. has filed for Chapter 7 protection in New York in the midst of an ongoing putative class action brought by voice actors alleging thei... (more story)

Expert Analysis

2 'Rocket Dockets' And The Rules That Propel Them

The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern D... (more story)

Your Next Litigation Hold Should Cover AI Chat Logs

The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligen... (more story)

Finding Borrower Risk In The Private Credit Covenant Mix

Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower... (more story)