Affiliates of the former operator of a U.S. Virgin Islands oil refinery have reached a $35 million settlement of proposed class action claims from local residents concerning water contamination from oil releas... (more story)

Simpson Thacher & Bartlett put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida jury Wednesday in opening arguments, whi... (more story)

A Pennsylvania federal jury found Wednesday that a man accused of threatening to kill judges is not guilty.

The U.S. Trustee's Office has urged a New York bankruptcy judge to reject troubled mattress company Sleep Number's proposal to retain certain employees, saying a buyer is likely to keep them anyway.

Car parts giant First Brands Group told a Texas bankruptcy judge that it can't keep paying retired employee benefits past the end of July under its Chapter 11 budget, and asked for authority to stop covering l... (more story)

Renewable energy companies have continued to file for Chapter 11 relief in the first half of 2026, the Iran war and inflated fuel prices have hit the transportation and logistics sector, and software companies... (more story)

Oncoclínicas do Brasil Servicos Medicos SA, the owner of a number of cancer clinics across Brazil, has announced it is entering into an out-of-court restructuring to address 5.1 billion reais ($1 billion) in unsecured debt.

Weil Gotshal & Manges LLP announced on Wednesday that U.S. restructuring co-chair Matt Barr will assume the newly created role of global restructuring chair.

Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tues... (more story)

Right-wing conspiracy theorist Alex Jones' media company has urged the Texas Supreme Court to reject a bid by victims of the Sandy Hook Elementary School shooting to license his website, Infowars, to The Onion... (more story)

In a bid to stop the flow of untraceable firearms into the Garden State, New Jersey Attorney General Jennifer Davenport announced Wednesday that her office sued a Pennsylvania man alleged to be one of the larg... (more story)

A Texas bankruptcy judge gave battery recycler Ascend Elements the all clear Wednesday to take a vote on its Chapter 11 liquidation plan.

The Fourth Circuit ruled Tuesday that a trial court must determine if a $166 million arbitral award against convicted insurance mogul Greg Lindberg can stand under North Carolina law, reversing a lower court's... (more story)

Dolphin park owner Leisure Investments has asked a Delaware bankruptcy judge to reject a motion its onetime CEO filed seeking dismissal of the company's bankruptcy case, contending he grossly misrepresented th... (more story)

A California bicycle seller told the U.S. Tax Court that the IRS' faulty appraisal of its value caused the agency to mischaracterize a transaction with its parent company as a discharge of indebtedness and a $... (more story)

A New York bankruptcy judge Tuesday gave final approval to watch designer and manufacturer E. Gluck's Chapter 11 liquidation plan, setting it up to exit a bankruptcy that followed shifting consumer demand and ... (more story)

The Department of Justice's bankruptcy watchdog urged a Delaware bankruptcy judge to reject mining operation Searles Valley Minerals' bid to hire Ankura as its restructuring adviser, saying its engagement lett... (more story)

A Texas bankruptcy judge Tuesday gave final approval to drug research and development company Inotiv Inc.'s Chapter 11 plan disclosure statement, as well as his permission to implement the plan.

The families of children and counselors who died at Camp Mystic last year have urged a Texas bankruptcy judge to enter an order confirming that the debtor's Chapter 11 automatic stay does not apply to their cl... (more story)

A week after a bankruptcy court approved a $46.75 million settlement between the DNA testing company 23andMe and data breach claimants, a coalition of more than 40 states announced Tuesday that they would shar... (more story)