A New York bankruptcy judge Monday found that disgraced insurance mogul Greg Lindberg cannot pause a $13 million settlement between one of his companies and parties he is accused of fraudulently funneling money to while he...(read more)

As more former Weil Gotshal & Manges LLP attorneys find new homes for their practices while the firm winds down operations, Latham & Watkins LLP confirmed Monday that it hired five partners and one counsel across multiple ...(read more)

Retailer The Children's Place has filed for Chapter 11 protection in New Jersey bankruptcy court with $881.3 million in debt and a plan to sell its assets during the case.

Norway's central bank announced Friday that KPMG LLP has agreed to pay $224.5 million to settle a class action in California federal court accusing it of ignoring red flags in auditing Silicon Valley Bank, which collapsed ...(read more)

A Texas bankruptcy judge Friday allowed a group of Hughes Satellite creditors to introduce new evidence as he mulls whether Kirkland can represent a special committee of the satellite internet provider's directors in its C...(read more)

Airlines for America joined the objections to Spirit Airlines' proposed Chapter 11 sale of its deidentified data to Google, arguing that the transaction could make airline employees less likely to voluntarily disclose safe...(read more)

A Connecticut bankruptcy judge has approved a deal splitting rights to millions in assets between convicted Chinese securities fraudster Miles Guo's Chapter 11 trustee and federal prosecutors, with roughly $153 million in ...(read more)

The U.S. Supreme Court agreed to take up a case involving a Fourth Circuit decision that denied an attempt by Goldman Sachs to arbitrate disputes with two debtors in bankruptcy over alleged violations of the automatic stay.

A bill to increase bankruptcy debt eligibility limits for Subchapter V, opening the streamlined reorganization process to more small businesses, is awaiting a signature by the president to become law.

A ruling by an English appeals court that sanctions do not wipe out the rights of creditors has drawn a boundary around the government's powers — though lawyers warn that the restrictions still leave those rights worth muc...(read more)

Health-focused restaurant chain True Food Kitchen received approval Monday from a Texas bankruptcy judge for its bidding procedures as it looks to close a Chapter 11 sale before the year's end.

Litigation investor Henderson & Jones has sued the former director of a property company for £1 million ($1.3 million), alleging he took out a COVID-19 business interruption loan that contributed to the property developer ...(read more)

Kansas City Chiefs player Rashee Rice has filed for Chapter 7 in Texas bankruptcy court while facing a domestic abuse lawsuit by a former girlfriend.

A California federal judge has dismissed a business owner's sprawling Racketeer Influenced and Corrupt Organizations Act suit against his former business partner after the company went too long without an attorney represen...(read more)

A New York bankruptcy judge on Friday said he will convert the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition to a court-supervised Chapter 7 liquidation as soon as the sale of the company's a...(read more)

The past week in London has seen Samsung sue Petrofac and its administrators, building materials giant Kingspan hit with two financial list claims by dozens of institutional investors, and Boehringer Ingelheim file a paten...(read more)

Egyptian petrochemicals company Carbon Holdings Ltd. has accused financial adviser Houlihan Lokey of pressuring it into signing a deal to repay millions of dollars of consultancy fees owed for debt restructuring work, as i...(read more)

Kirkland & Ellis LLP announced Friday the addition of 40 attorneys from Weil Gotshal & Manges LLP, including the private equity practice co-leader who was once set to lead the firm.

The Delaware Chancery Court on Thursday declined to revise rulings in a yearslong dispute over a distressed credit fund's records and more than $9 million of withheld cash, disagreeing with arguments that the fund's former...(read more)

A Pennsylvania federal bankruptcy judge had qualms Thursday about plans to wind down the last two restaurants in the formerly regional Kings Family Restaurant chain, worrying the involuntary bankruptcy was driven by lawyer...(read more)