Getty Investors Say Ch. 11 Loan Locks In Insider Takeover
An ad hoc group of Getty stockholders has urged a Delaware bankruptcy judge to not grant final approval of the company's $143 million bankruptcy financing package, arguing the deal is designed to hand control of the busine...(read more)
Spirit Working On Remaining Objections To Google Data Sale
Defunct carrier Spirit Airlines is working on the remaining objections to its sale of de-identified data to Google after resolving objections from unions, the debtor's attorney told a New York bankruptcy judge on Thursday.
Gibson Dunn Gains 120 Funds Lawyers From Weil
A team of 120 private funds attorneys from Weil Gotshal & Manges LLP, including 23 partners, is joining Gibson Dunn & Crutcher in New York, London and Washington, D.C., as their predecessor firm prepares to close its doors...(read more)
Girardi Estate's $54M Claim Put Behind Other Creditors
The trustees overseeing Tom Girardi's and his former law firm's bankruptcies struck a deal to put their claims against each other behind other approved general unsecured claims, according to a California bankruptcy court f...(read more)
Children's Place Gets OK To Tap Into $282M DIP In Ch. 11
Kids' clothing company The Children's Place Inc. on Tuesday secured a New Jersey bankruptcy judge's approval to draw on part of a $282 million Chapter 11 financing package to fund store closing sales and a marketing proces...(read more)
Justices Told Only They Can Fix Conflicting Ch. 11 Rulings
Military subcontractor Fox Logistics has argued a federal judge's recent ruling in prime contractor Noble Supply's bankruptcy contradicts a different decision from a circuit court that Fox is appealing to the U.S. Supreme ...(read more)
Trustee Says Calif. Friars' Ch. 11 Injunctions Are Overbroad
The U.S. Trustee's Office objected late Monday to the proposed Chapter 11 plan of the Franciscan Friars of California, saying the plan contains overly broad injunctions of third-party claims and includes a gatekeeping prov...(read more)
Weil Partners Vote To Dissolve Firm
Partners at Weil Gotshal & Manges LLP voted on Tuesday to dissolve the firm and install a three-member committee to oversee the wind-down of operations.
Unions Drop Fight Over Spirit Data Sale To Google
A flight attendants union said Tuesday that it and other unions have withdrawn their objections to Spirit Airlines' sale of former employees' data to Google in the airline's New York bankruptcy case, after securing new lim...(read more)
Lumber Giant Mercer Eyes Quick Ch. 11 To Restructure $1.6B
Mercer International Inc. is seeking a speedy exit from Chapter 11, winning approval during its first bankruptcy court hearing on Tuesday to set a mid-December date for confirmation of its prepackaged plan to restructure $...(read more)