Genesis Healthcare got the sign-off for an amended $1 billion asset sale, WilmerHale appointed a new restructuring chair, and the former CEO of electric-truck maker Nikola asked the Third Circuit to review a decision that his bankruptcy claim against his former company was properly subordinated.
Searles Valley will vie for conditional approval of a plan and disclosure, a restaurant chain will seek the all-clear for its bidding procedures and a judge will contemplate Genesis Healthcare's bid for plan confirmation.
A recent federal court ruling affirming a five-year pause on litigation for the owner of a bankrupt theatrical production company is likely to lead even more small businesses to try the same kind of maneuver, experts told Law360.