Second Circuit judges poked holes Wednesday in the claim that the wife of a bankrupt Chinese billionaire was in charge of a company that owned a contested $7.25 million Connecticut mansion, eliciting a concess... (more story)

The liquidators of Culligan Ltd., a now-defunct affiliate of the global water treatment brand, asked a New York bankruptcy judge to recognize a Bermuda settlement ending a 14-year "nuisance" derivative shareho... (more story)

The Roman Catholic Diocese of Buffalo has told a New York bankruptcy judge that it has reached a nearly $177 million settlement with its insurance carriers, raising the funds available for the sexual abuse set... (more story)

Spirit Airlines on Wednesday secured a New York bankruptcy judge's approval to sell 27 airplanes to two buyers for a combined $668 million.

BigLaw firms are jockeying to build out "hybrid capital" practices as their private equity and private credit clients flock to the newly in-demand investment strategy to navigate economic and geopolitical uncertainty.

A Delaware bankruptcy judge gave the all clear for a settlement hammered out between drugmaker Mallinckrodt's unsecured creditors' trustee and aggrieved securityholders of another entity, shrinking claims that... (more story)

Genesis Healthcare and the winning bidder for its 175 nursing homes told a Texas bankruptcy judge Wednesday they have fallen into a disagreement over $100 million of the $1 billion purchase price with the dead... (more story)

The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustaine... (more story)

Former nuclear plant workers are asking a Maryland federal court to let them refile a proposed class action, saying they have new, direct evidence that companies worked together to fix wages in the nuclear energy industry.

Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split am... (more story)

Cryptocurrency miner Poolin Technology said Wednesday afternoon that it has named Hut8 Corp. as the winning bidder for its assets in Chapter 11, with a $140 million bid.

A New Jersey bankruptcy judge Wednesday agreed to approve the disclosure statement of a legacy unit of defunct tire maker Uniroyal, allowing the debtor to send its Chapter 11 plan to creditors for a vote.

Gundlach Bundschu Winery, which claims to be California's oldest continuously family-owned winery, filed for Chapter 11 bankruptcy relief Wednesday, as it seeks to restructure its more than $39 million in liabilities.

BFG Supply Co. LLC, a major U.S. distributor of horticultural and agricultural supplies, has hired attorneys from Cole Schotz PC to guide its Chapter 11 case as the debtor pursues a sale of all its assets.

Steel distributor UPG Enterprises has filed for Chapter 11 protection in Illinois in hopes of drumming up more interest in its sale process, the debtor said Wednesday.

A creditor that had joined in an involuntary Chapter 11 petition against cryptocurrency miner Mawson lost its bid for a judgment on the pleadings Tuesday in the former debtor's bankruptcy court lawsuit seeking... (more story)

A Delaware bankruptcy judge Tuesday signed off on SPI Solar's bid to take books and records from the solar company's former CEO and others, overruling the ex-executive's objection to the debtor's discovery motion.

Casual Southern dining chain Yardbird on Tuesday received a Delaware bankruptcy judge's interim approval to get a taste of its $5.4 million in Chapter 11 financing as the debtor prepares to run a sale process ... (more story)

Bankruptcy and restructuring boutique Pachulski Stang Ziehl & Jones LLP announced Tuesday it has named its first firm chair, as one of its co-founder steps away from day-to-day management and the firm looks to... (more story)

Wendy's Co. told a Michigan bankruptcy court that one of its largest U.S. franchisees lost the right to operate 314 restaurants before filing for Chapter 11 protection, arguing that the franchise agreements ha... (more story)