Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Expert Analysis
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understa... (more story)
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Su... (more story)
A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treate... (more story)
Large Cap More
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auc... (more story)
A Texas bankruptcy judge on Wednesday granted FAT Brands Inc., owner of Fatburger and Johnny Rockets, interim approval to use cash collateral after the debtor and certain noteholders reached an agreement on th... (more story)
An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner'... (more story)
Canned food producer Del Monte told a New Jersey bankruptcy judge Wednesday a settlement it reached with groups of secured and unsecured creditors is the best way forward for the business to close on a sale of... (more story)
A Texas bankruptcy judge on Wednesday rejected a Massachusetts-based real estate investment trust's request for final approval of its $125 million in Chapter 11 financing, saying it would leave the debtor boun... (more story)
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the f... (more story)
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successf... (more story)
The U.S. Trustee's Office announced a 10-member creditor's committee including Amazon in the bankruptcy of luxury department store chain Saks Fifth Avenue and proposed an organizational meeting to take place Thursday.
Bankrupt self-driving vehicle technology development company Luminar Technologies can move forward with a pair of asset sales that will net the Chapter 11 estate $142.54 million in proceeds after a Texas bankr... (more story)
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has... (more story)
Mid Cap More
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outsid... (more story)
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that ... (more story)
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting s... (more story)
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale a... (more story)
The Missouri judge overseeing former DNA testing company 23andMe's bankruptcy agreed to give final approval to two class action settlements totaling $53.25 million on Wednesday, overruling a handful of objecti... (more story)
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including ... (more story)
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of ... (more story)
Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot the legal bills of one of its officers, as the law... (more story)
A Delaware bankruptcy judge said Tuesday he was prepared to approve the sale of most of defunct mineral supplier US Magnesium's assets to the state of Utah, overruling an objection that the $30 million transac... (more story)
The Pennsylvania Superior Court has ruled that a lower court properly granted summary judgment in favor of Offit Kurman and two of its lawyers in a legal malpractice case.