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Meet The Attys Aiding Noble Supply & Logistics In Ch. 11 Case

U.S. military contractor Noble Supply & Logistics LLC has tapped attorneys from Cole Schotz PC and Kirkland & Ellis LLP to help it navigate the Chapter 11 case it began after the cancellation of a $1.2 billion contract.

AirBaltic Gets OK To Tap $162M In Ch. 11 Financing

A New York bankruptcy judge Tuesday gave Latvian carrier airBaltic permission to draw on nearly $162 million in Chapter 11 financing, overruling the objections of bondholders who argued they were facing loss o... (more story)

Judge To OK $581M Genesis Ch. 11 Settlement

A Texas bankruptcy judge on Tuesday agreed to approve a settlement valued at $581 million between nursing home operator Genesis Healthcare and its creditors, allowing the debtor to clear another hurdle on its ... (more story)

Ex-Practical Law Content Lead Joins Brithem As Partner

Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

Trinseo Judge Orders Mediation As He Prepares Ch. 11 Ruling

A Texas bankruptcy judge on Tuesday ordered plastics maker Trinseo and its warring creditors to engage in mediation over a slew of disputes tied to its Chapter 11 plan, encouraging the parties to reach a resol... (more story)

Global Wound Care Settles $1.5B FCA Claims For $525M

Bankrupt specialty medical practice Global Wound Care has agreed to pay up to $525 million to the federal government to resolve False Claims Act claims with a price tag of $1.5 billion, part of a settlement it... (more story)

Cumulus Tells 2nd Circ. Even Brief Stay Of Nielsen Order Is Bad

Cumulus Media says it's going to be irreparably harmed if the Second Circuit doesn't lift the administrative stay it put in place stopping a preliminary injunction that Nielsen is challenging for the second ti... (more story)

Kennedy Center Says Only Trump Name Can Avert Bankruptcy

The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising effort... (more story)

Dish Ch. 11 Litigation Paused To Give Time For Talks

A Texas bankruptcy judge Monday agreed to temporarily halt litigation and discovery in the Chapter 11 cases of Dish DBS and affiliate Dish Wireless after hearing parties wanted a two-week-long breather for negotiations.

NOLA Archdiocese Can't Keep Board Secret, Trustee Says

The trustee for the abuse claims settlement trust of the Archdiocese of New Orleans wants to compel the church to disclose the names of the members of the internal review board advising it on matters of sexual... (more story)

Mid Cap More

Qui Tam Suit Shadow Slows ProPhase Unit's Ch. 11 Timeline

A New Jersey bankruptcy judge appeared skeptical Tuesday that the bankrupt COVID-19 testing arm of ProPhase Labs could move forward with its current Chapter 11 plan, delaying a disclosure statement hearing by ... (more story)

Vanderbilt Minerals Defends Ch. 11 Schedule Amid Trust Row

Former talc miner Vanderbilt Minerals told a New York bankruptcy judge on Monday that it intends to file an amended Chapter 11 plan this week and to seek approval to solicit votes from creditors at a hearing i... (more story)

Detroit, Firefighters Union Win Seniority Appeal

The city of Detroit and its firefighters union have defeated the remaining claims of two firefighters who challenged their treatment after returning from disability retirement, with a Michigan state appeals co... (more story)

Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed... (more story)

Foley Hoag Grows Debt Finance Team With New Co-Chair

An attorney who built her debt finance practice for more than 26 years at Goodwin Procter LLP has recently joined Foley Hoag LLP's Boston office, where she has been selected to co-lead the firm's debt finance team.

Carlton Fields Pushes To Demand Fees In Miss America Fight

Carlton Fields has urged a Florida federal court to adopt a magistrate judge's recommendation that the firm be allowed to intervene in a dispute involving its charging lien for unpaid legal fees in a $500 mill... (more story)

Bongino Disavows Inside Knowledge On Parler Ouster

Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the do... (more story)

BurgerFi Trustee Says Insiders Sank Chain With $161M Deal

BurgerFi International Inc.'s liquidating trustee has sued former company brass and financial advisers, alleging they pushed through the $161 million acquisition of Anthony's Coal Fired Pizza that immediately ... (more story)

HSF Kramer Booted As Omnis Pleasants' Ch. 11 Counsel

Herbert Smith Freehills Kramer LLP's previous work for key creditors disqualifies it from representing West Virginia coal plant operator Omnis Pleasants in its Chapter 11 proceeding, a Delaware bankruptcy judge ruled Friday.

Ex-CEO Of AI Recruitment Co. Cops To $27M Investor Fraud

The former CEO of bankrupt artificial intelligence-powered staffing firm Joonko Diversity on Friday entered a guilty plea to charges that she defrauded investors out of $27 million using forged financial docum... (more story)

Expert Analysis

Lessons For Banks When A Fintech Partner Fails

Recent fintech bankruptcies highlight best practices for how banks can strengthen third-party oversight, data-acce... (more story)

Voyager Ruling Maps Out Ch. 11 Exculpation Lessons

Chapter 11 plan proponents drafting exculpation provisions may benefit from contrasting the exculpatory language r... (more story)

Juggling And Unicycling Make Me A Better Lawyer

Because I juggle (sometimes with fire) and ride the unicycle, friends and family used to joke that I should join t... (more story)