Expert Analysis

Charting The Course For Digital Assets In 2024

Although 2023 was a tough year for the digital asset industry, upcoming court decisions, legislation and regulator... (more story)

Del. Ruling Shows Tension Between 363 Sale And Labor Law

The Delaware federal court's ruling in the Braeburn Alloy Steel case highlights the often overlooked collision bet... (more story)

How Clients May Use AI To Monitor Attorneys

Artificial intelligence tools will increasingly enable clients to monitor and evaluate their counsel’s activities,... (more story)

Large Cap More

US Trustee Objects To Rite Aid Disclosure Statement

The U.S. Trustee's Office has flagged what it called "objectionable" proposals from Rite Aid to hold post-confirmation votes on some Chapter 11 plan releases, as well as shortening senior secured voting and pr... (more story)

FTX Settles $324M Ch. 11 Suit Over European Deal For $33M

Bankrupt cryptocurrency exchange FTX Trading Ltd. has asked a Delaware court to approve a plan to resolve a $323.5 million clawback action aimed at the co-founders of its European unit by selling the subsidiar... (more story)

Eye Care Tech Co. Gets Go-Ahead For April Sale In Ch. 11

A Texas bankruptcy judge said Friday she will approve sale procedures that will put a troubled optometry software maker on the block in April, after the debtor said it will give creditors a few more days to re... (more story)

Crypto Co. DGC Blasts NY AG Settlement With Genesis Global

The parent company of Genesis Global Holdco slammed a proposed settlement between the bankrupt lender and the New York attorney general on Wednesday, calling the agreement an attempt to "rig" the Chapter 11 pl... (more story)

Kwok Owed Records About CCP Targeting, Judge Says

A New York federal judge ordered the Justice Department to hand over evidence it possessed of the Chinese Communist Party's targeting of bankrupt and jailed Chinese exile Ho Wan Kwok, but didn't require the go... (more story)

FTX Can Cash Out $500M Investment In AI Biz To Fund Ch. 11

Insolvent cryptocurrency exchange FTX Trading Ltd. received a Delaware bankruptcy judge's approval Thursday to sell off its equity stake in an artificial intelligence technology company launched by former memb... (more story)

Mid Cap More

Bankrupt REIT Gets Ch. 11 Reorganization Plan Approved

A subsidiary of Silver Star Properties REIT Inc. received approval Friday for its Chapter 11 reorganization plan that will channel its remaining property assets into a Delaware subsidiary free and clear of all... (more story)

NH Plant Strikes Deal On Power Purchase Contract

A bankrupt New Hampshire power plant reached terms on a deal Friday with an entity whose contract to purchase the facility's power was rejected earlier this week, telling a Delaware federal judge the agreement... (more story)

NRA, LaPierre Found Liable For Misconduct In $6M Verdict

A New York jury found Friday that the National Rifle Association, longtime CEO Wayne LaPierre and two other executives improperly used donor money, among other misconduct, ordering individual defendants to rep... (more story)

Citibank Looks To Dodge Ch. 7 Trustee's Fraud Claims

Citibank has urged a New York federal judge to ax claims that the financial institution assisted with a Ponzi scheme involving a now-defunct sports and concert ticket broker, saying the Chapter 7 Trustee for t... (more story)

Carnegie Must Pay Fees For 'Unreasonable' Diamond IP Suit

A New York federal judge ruled Wednesday that Carnegie Institute of Washington and its bankrupt former patent licensee M7D Corp. are jointly and severally liable for paying Fenix Diamond LLC's attorney fees an... (more story)

Almond Grower's Early Ch. 11 Motions Get Wary OK

A California bankruptcy judge gave cautious approval to a series of first day motions in the Chapter 11 case of almond grower Trinitas Farming LLC Thursday, saying he was wary of green lighting an interim debt... (more story)