Large Cap More

Latham Adds Kirkland Litigation Pro In Texas

Latham & Watkins LLP announced Monday that it has fortified its litigation presence in Texas and nationally with an Austin, Texas-based partner who arrived from Kirkland & Ellis LLP.

Marelli Gets $300M DIP Extension, Aims For Aug. 1 Plan Filing

Counsel for automobile parts maker Marelli Corp. on Monday told a Delaware bankruptcy judge it is looking to have a reorganization plan on file by Aug. 1, after the judge gave it the go-ahead to tap into an ad... (more story)

Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptoc... (more story)

Del Monte Plan Rolls On, ABC Law Gains Steam

The U.S. Supreme Court will not consider an appeal related to an early Texas two-step case, a New Jersey bankruptcy judge declined a Del Monte lender group's request for a plan confirmation stay, and a law to ... (more story)

Insurance Brokerage GoHealth Hits Ch. 11 With Prepack Plan

Health insurance broker GoHealth has filed for Chapter 11 protection in Delaware with $772 million in debt and a prepack equity-swap plan, saying medical costs are outpacing government reimbursement and that i... (more story)

Spirit Unions Blast Executive Bonus Proposal In Ch. 11

A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying t... (more story)

J&J Talc Unit Settles Committee Fee Tiff With Paul Hastings

A Texas bankruptcy judge approved a confidential settlement between law firm Paul Hastings LLP and Johnson & Johnson talc unit Red River Talc over $8 million in disputed fees sought by the firm for its represe... (more story)

Saks Global OK To Exit Bankruptcy With $500M, Rebound Plan

A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.

King & Spalding Continues Funds Growth With Proskauer Duo

King & Spalding LLP announced Thursday that it has hired two former Proskauer Rose LLP attorneys, one of whom co-led their prior firm's global finance and corporate and fund finance teams.

Crypto Parent Calls Genesis Suit Improper Forum Shopping

Digital Currency Group Inc. has asked a federal court to pull a Delaware Court of Chancery lawsuit brought by bankrupt crypto lender Genesis Global into the New York bankruptcy proceedings that have overseen t... (more story)

Mid Cap More

Home Decor Biz Files Ch. 11 With Over $100M Debt, Sale Plans

Simply Interior Homes, which makes home textiles and decor, filed for Chapter 11 protection Monday in Delaware bankruptcy court with at least $100 million in debt and a plan to sell its business.

Texas Ex-Hospital Owner Opposes Ch. 7 Conversion Bid

Texas' bankrupt former hospital owner Sherman/Grayson Hospital LLC said that professional fees have been paid, monthly operating reports filed and other steps taken that should prevent its Chapter 11 case from... (more story)

FlexShopper Hit With Objections To Ch. 11 Plan

The U.S. Trustee's Office has objected to rent-to-own company FlexShopper's Chapter 11 plan in Delaware bankruptcy court, arguing that the debtor's proposal contains third-party releases that violate a 2024 U.... (more story)

Calif. Newspaper Owes $3.6M In Back Pay, NLRB Says

The former parent company of the now-bankrupt Santa Barbara News-Press, the newspaper's former owner, and related entities must pay $3.6 million in back pay in a long-standing labor dispute with the Teamsters ... (more story)

Wife Of Bankrupt Former EY Tax Chief Sued By Trustees

The bankruptcy trustees of former EY head of tax John Dixon are bringing a claim against his wife, according to a newly public entry on the High Court's filing system.

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner... (more story)

Maverick Gaming Reaches SBA Settlement Over COVID Loans

Casino operator Maverick Gaming told a Texas bankruptcy court it has arrived at a settlement with the U.S. Small Business Administration over its lawsuit seeking forgiveness for COVID-19 pandemic loans, a deal... (more story)

Rusoro Says Gold Reserve Can't Blame It For Failed Citgo Bid

Rusoro Mining Ltd. urged the Delaware Chancery Court on Thursday to dismiss Gold Reserve Ltd.'s lawsuit over a failed bid for Citgo Petroleum Corp.'s parent company, arguing the case is an improper attempt to ... (more story)

Texas Oil Exec Mulacek Hits Ch. 11 With $210M Judgment Debt

Empire Petroleum Corp. Chairman Philippe Mulacek filed a Chapter 11 petition Thursday, pausing enforcement efforts against him over a more than $210 million judgment in a long-running Texas federal court fight... (more story)

Wind Co. Gets OK On Ch. 11 Plan And $129M Sale

A Texas bankruptcy judge has approved bankrupt wind energy company Shannon Wind's $129.5 million sale and its Chapter 11 liquidation plan.

Expert Analysis

Banks Should Reassess Warehouse Lines Amid Credit Stress

Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory expo... (more story)

Private Lender Verification Lessons From Recent Fraud Cases

Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recog... (more story)

2 'Rocket Dockets' And The Rules That Propel Them

The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern D... (more story)