Bankruptcy Pros See Parallels Between Dot-Com Era And AI
Bankruptcy experts are saying the current enthusiasm for artificial intelligence has parallels with the early-2000s bubble of investment and debt in the online sector and the telecommunication industry.
Saks' $5B DIP Gets Final OK, Biotech Co. Wants Credit Bid Bar
Luxury retailer Saks can access the final portion of a more than $5 billion Chapter 11 loan, the Roman Catholic Diocese of Oakland and its creditors' committee will submit competing Chapter 11 plans, and a biotech firm says a last-minute bid change has stifled bankruptcy auction competition.
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy courts are set to tackle issues ranging from whether Saks Global's Chapter 11 precludes a landlord from reclaiming properties, MMA Law's plan to sell tort claim interests to another law firm, and Tilson Technology Management Inc.'s request to conclude its Chapter 11 case.
Bankruptcy Pros See Parallels Between Dot-Com Era And AI
Bankruptcy experts are saying the current enthusiasm for artificial intelligence has parallels with the early-2000s bubble of investment and debt in the online sector and the telecommunication industry.
Saks' $5B DIP Gets Final OK, Biotech Co. Wants Credit Bid Bar
Luxury retailer Saks can access the final portion of a more than $5 billion Chapter 11 loan, the Roman Catholic Diocese of Oakland and its creditors' committee will submit competing Chapter 11 plans, and a biotech firm says a last-minute bid change has stifled bankruptcy auction competition.
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy courts are set to tackle issues ranging from whether Saks Global's Chapter 11 precludes a landlord from reclaiming properties, MMA Law's plan to sell tort claim interests to another law firm, and Tilson Technology Management Inc.'s request to conclude its Chapter 11 case.
Expert Analysis
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Large Cap More
A sprawling mixed-use development project in downtown Los Angeles has been sold off as part of an ongoing Chapter 11 bankruptcy case in a $470 million transaction guided by Bryan Cave Leighton Paisner LLP.
A company that provides natural gas compression equipment filed for Chapter 11 with more than $240 million in debt, a clay miner entered bankruptcy protection in response to an uptick in lawsuits, and a flavor... (more story)
Asbestos claimants of Georgia-Pacific spinoff Bestwall have asked the U.S. Supreme Court to take up their challenge to Bestwall's "Texas two-step" bankruptcy, saying the Fourth Circuit created an "erroneous le... (more story)
The U.S. Trustee's Office is opposing a move by Steward Health Care System to close its Texas bankruptcy cases, contending that while the debtor's plan has been confirmed, it is not yet effective and litigatio... (more story)
Legal fee feuds, noncompete pact breach fights and post-closing "earnout" battles piled up in Delaware's equity and commercial law venues last week, with top jurists briefing lawmakers on efforts to better man... (more story)
Greenberg Glusker Fields Claman & Machtinger LLP announced Monday the firm is expanding its ranks with the addition of two new partners to its Los Angeles office: a land use whiz from Jeffer Mangels & Mitchell... (more story)
A New Jersey watchdog will take its bid to shield investigative files from discovery in a hospital's antitrust suit to the Third Circuit, according to a court notice.
Pretium Packaging LLC received approval Monday in New Jersey bankruptcy court for its prepackaged Chapter 11 plan of reorganization after a judge said an opt-out mechanism for third-party releases is a permitt... (more story)
New Orleans-based firm McGlinchey Stafford PLLC, which announced last month that it's winding down operations after more than half a century, filed for Chapter 7 bankruptcy with more than $10 million in liabil... (more story)
A New Jersey bankruptcy judge extended by two weeks the sale process for the assets of global label maker Multi-Color Corp. after a cross-holder ad hoc group of hedge funds and investment managers accused the ... (more story)
Mid Cap More
The owner of Colorado's Glenwood Caverns Adventure Park has asked a Delaware bankruptcy judge to partially lift bankruptcy's automatic stay so it can appeal a $116 million wrongful death judgment that sent it into Chapter 11.
Natural gas compression company Axip secured a Texas bankruptcy judge's permission Tuesday to borrow about $32.4 million of a roughly $105 million Chapter 11 financing package to support its effort to sell assets.
A Texas bankruptcy judge Monday approved solar panel leasing firm PosiGen's wind-down Chapter 11 plan after the company said it modified its third-party release provisions to conform to a federal district cour... (more story)
The U.S. bankruptcy watchdog appealed orders approving Stoli's use of cash collateral and appointing a Chapter 11 trustee to oversee the bankrupt liquor group.
A bankrupt Nevada solar project named a prospective bidder chosen to secure at least $7 million in a Chapter 11 asset auction.
The U.S. Supreme Court declined Monday to review a religious organization's constitutional challenge against the Internal Revenue Service over a lien on church property to collect taxes owed by the group's ban... (more story)
A New York-based purveyor of sand and stone aggregates sought Chapter 11 protection Friday, with over $32 million in liabilities and almost $1.3 million in assets.
Natural gas compression equipment provider Axip Energy Services has filed for Chapter 11 protection in a Texas bankruptcy court, saying it has secured an offer to sell its assets to deal with its $240.5 millio... (more story)
A San Francisco federal judge has dismissed Yotta Technology's lawsuit accusing Evolve Bank & Trust of operating a Ponzi scheme on the grounds that it can't proceed in federal court without now-defunct fintech... (more story)
Clearside Biomedical has urged a Delaware bankruptcy judge to block a KKR & Co.-owned firm from credit bidding some $100 million in allegedly secured debt in its Chapter 11 auction, saying the last-minute offe... (more story)