A New York bankruptcy judge Wednesday approved the sale of 22 gate slots at LaGuardia Airport to JetBlue for $58.5 million following a 14-hour auction as defunct Spirit Airlines liquidates in Chapter 11.

A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance se... (more story)

The unsecured creditors committee for mattress company Sleep Number has tapped a team of lawyers from Pachulski Stang Ziehl & Jones LLP, as the debtor works its way through a Chapter 11 case it began in June.

Solar panel installer Freedom Forever can move forward with an expedited Chapter 11 sale after an insider dropped a stalking horse bid and its creditors committee was given sole authority to determine whether ... (more story)

Investment platform Linqto and its unsecured creditors committee sued the debtor's liquidating trustee, saying a Texas bankruptcy judge must make the trustee perform duties despite its refusal.

A Genesis Healthcare shareholder accused of manipulating the company into a deal that cost it $50 million has asked a Texas bankruptcy judge to disqualify Sidley Austin LLP from representing Genesis in an adve... (more story)

The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit p... (more story)

Allen Overy Shearman Sterling has hired a former Davis Polk & Wardwell LLP counsel as a restructuring partner in New York.

Spanish auto parts maker Grupo Antolin, which supplies interior components to major automakers including Ford Motor, General Motors and Hyundai Motor, on Monday asked a New York bankruptcy judge for U.S. recog... (more story)

The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)

Sangamo Therapeutics on Wednesday told a Delaware bankruptcy judge it has negotiated new Chapter 11 financing that will provide the biotechnology company with more money at a lower interest rate and asked perm... (more story)

A Delaware bankruptcy judge has allowed some shareholders of bankrupt AI staffing firm Joonko Diversity Inc. to subpoena the insolvency plan administrator for access to the unsealed version of a report investi... (more story)

A company connected to the former Hudson Hotel in downtown Manhattan has asked the Delaware bankruptcy court to again extend the period in which only it can file a Chapter 11 reorganization plan, this time for... (more story)

The liquidating trustee for Heritage Coal and the company that acquired it has sued the mining firm's former owner in Delaware bankruptcy court, accusing them of costing the new owner millions of dollars by co... (more story)

CashCall Inc., a subprime lender that once made loans with interest rates exceeding 130%, has filed for Chapter 11 protection in a California bankruptcy court facing legal judgments that total more than $400 million.

Biotechnology group Alachua Government Services received confirmation Tuesday of its Chapter 11 plan from a Delaware bankruptcy judge after reaching an agreement to resolve a dispute over a $147 million claim ... (more story)

A Delaware bankruptcy judge on Tuesday greenlighted GVO Partners' request to convert its Chapter 11 case to a Chapter 7 liquidation after counsel for the medical spa firm reported that the debtor had run out of cash.

A New York federal judge Monday set a 2027 trial date for the former owner of a now-bankrupt water vending company accused of a $200 million Ponzi scheme backed in part by a large-scale bond fraud that bilked ... (more story)

A secured creditor of medical spa management and investment firm GVO Partners has urged a Delaware bankruptcy judge to place the debtor's estate in the hands of a Chapter 11 trustee, alleging mismanagement of the company.

A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flo... (more story)