Large Cap More

Kirkland Adds Jones Day Mass Tort Restructuring Pros

Kirkland & Ellis LLP has hired a mass tort restructuring duo from Jones Day in the Lone Star State, the firm announced Monday.

Fat Brands Gets Ch. 11 Plan Confirmed After Creditor Deal

Fat Brands received confirmation Monday of its Chapter 11 plan after a Texas bankruptcy judge overruled remaining objections to the chain restaurant operator's post-sale wind-down plan.

Alkegen Files Ch. 11 In Texas To Shed $3.1B In Debt

Alkegen and dozens of affiliates filed a prepackaged Chapter 11 case in Texas bankruptcy court, where the specialty materials maker intends to cut the bulk of its $3.3 billion of funded debt obligations.

Wine And Spirit Distributor Hits Ch. 11 With $540M Of Debt

Republic National Distributing Co., a more than century-old alcohol distributor that struggled in recent years to handle an outsized debt load, has filed for Chapter 11 protection in a Texas bankruptcy court w... (more story)

Polish Solar Co. GoldenPeaks Can Send Ch. 11 Plan To A Vote

A Texas bankruptcy judge on Friday allowed GoldenPeaks Poland to send its Chapter 11 plan to a creditor vote, while cautioning the solar farm developer that it would need to provide evidence at plan confirmati... (more story)

Judge Addresses Angst Over Summer Camp Ch. 11 Sale

A New Jersey bankruptcy judge has addressed families' concerns about the sale of a century-old New York sleep-away summer camp in the Chapter 11 case of SIMAD Holdings, telling parents their comments will be c... (more story)

Live Nation Says Nielsen Ruling Doesn't Help State AGs

Live Nation is pushing back after state enforcers told a New York federal court that a recent Second Circuit ruling in a case against Nielsen supports their antitrust claims, saying the ruling instead supports... (more story)

HSF Kramer Hires Haynes Boone's Supreme Court Chair

Herbert Smith Freehills Kramer LLP announced Friday that it had added the leader of Haynes Boone's U.S. Supreme Court practice, who joins the firm as co-lead focused on appellate work and the nation's highest court.

Kroll Can Arbitrate Some Data Claims, Ax Others, Judge Says

Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, accor... (more story)

Judge Again Lengthens Timeline For Dish Wireless Ch. 11

A Texas bankruptcy judge on Thursday again pumped the brakes on the Chapter 11 bankruptcy of EchoStar Corp.'s video distribution and wireless network units, including Dish Wireless LLC, saying the unsecured cr... (more story)

Mid Cap More

Delaware Judge Denies Recusal In Team Systems Bankruptcy

A Delaware bankruptcy judge on Monday declined to recuse himself from an adversary suit in the bankruptcy of  Team Systems International, saying the request by former executives of the bankrupt government cont... (more story)

Long Beach Hotel Renovation Co. Inks $80M Deal With Lender

An entity used to renovate a century-old Long Beach, California, hotel reached an $80.8 million settlement with a New York lender in federal bankruptcy court after filing for Chapter 11 protection last fall.

CashCall Gets Interim DIP Cash After Lender Eases Terms

Subprime lender CashCall Inc. can tap into a roughly $4 million Chapter 11 financing package, a California bankruptcy judge said Friday after the lender, which is owned by the debtor's CEO, agreed to remove a ... (more story)

Disability Benefits Co. Hits Ch. 11 In Fla. With $65M Debt

Trajector Holdings LLC, a disability benefits company, has filed for Chapter 11 relief in Florida with around $65 million in liabilities, citing a governance dispute, class actions and regulatory challenges.

Finch Therapeutics Can Seek Ch. 11 Plan Votes

A Delaware bankruptcy judge on Friday conditionally approved the disclosure statement for microbiome treatment developer Finch Therapeutics' Chapter 11 plan, allowing it to solicit creditor votes.

Former Drug Co. Akorn Gets OK For $18.5M Ch. 7 Settlement

A Delaware bankruptcy judge has signed off on a deal resolving a $28.3 million claim by the buyer of defunct drug developer Akorn's assets, allowing an $18.5 million claim in the Chapter 7 case.

TGI Fridays Wins Confirmation Of Liquidating Ch. 11 Plan

The casual dining chain TGI Friday's Inc. on Thursday won approval of its Chapter 11 liquidation plan to offload its remaining assets and eventually distribute them through a trust, after creditors voted overw... (more story)

Team Systems Execs Seek Recusal In Ch. 7 Clawback Suit

Former executives of bankrupt government contractor Team Systems International asked a Delaware bankruptcy judge to recuse himself from the contractor's Chapter 7 case and a $14 million clawback case against t... (more story)

Summer Camp Ch. 11's Real Estate Arm Can Use Lender Cash

Real estate company DAMIS Holdings, sister company to bankrupt summer camp operator SIMAD Holdings, on Thursday told a New Jersey bankruptcy judge it had secured an agreement from nearly all of its lenders on ... (more story)

Simpson Thacher Warned Co. About Deal Terms, Jury Told

A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became de... (more story)

Expert Analysis

FDIC Proposals Mark Pullback In Bank Resolution Rules

A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)

Being A Singer Makes Me A Better Lawyer

Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)

$400M Serta Ruling Offers Warning On Uptier Deal Risks

A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)