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Catching Up With New Bankruptcy Case Action

A century-old alcohol distributor filed for bankruptcy while pursuing an asset sale, subprime lender CashCall entered Chapter 11 after facing more than $400 million in legal judgments, and a Bitcoin miner file... (more story)

Nielsen Says 2nd Circ. Ruling Makes Courts Price Regulators

Nielsen has asked the Second Circuit to reconsider a ruling upholding an injunction in a case from Cumulus accusing it of tying sales of its national radio ratings data to its local offerings, telling the appe... (more story)

J&J, Ovarian Cancer Talc Claimants Unveil $5.5B Global Deal

Johnson & Johnson announced Monday that it has agreed to pay $5.5 billion to put to rest tens of thousands of lawsuits alleging its talcum powder products caused ovarian cancer, with plaintiffs' counsel callin... (more story)

FTX's $1.8B Clawback Suit Against Binance, Zhao Can Proceed

A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.

Bankrupt Summer Camps Owner Says Brother Handled Loans

David Shabsels, who listed $782 million of liabilities in his personal Chapter 11 bankruptcy case, said Monday he often signed loan documents that were given to him by his brother, against whom he may have fut... (more story)

Kirkland Adds Jones Day Mass Tort Restructuring Pros

Kirkland & Ellis LLP has hired a mass tort restructuring duo from Jones Day in the Lone Star State, the firm announced Monday.

Fat Brands Gets Ch. 11 Plan Confirmed After Creditor Deal

Fat Brands received confirmation Monday of its Chapter 11 plan after a Texas bankruptcy judge overruled remaining objections to the chain restaurant operator's post-sale wind-down plan.

Alkegen Files Ch. 11 In Texas To Shed $3.1B In Debt

Alkegen and dozens of affiliates filed a prepackaged Chapter 11 case in Texas bankruptcy court, where the specialty materials maker intends to cut the bulk of its $3.3 billion of funded debt obligations.

Wine And Spirit Distributor Hits Ch. 11 With $540M Of Debt

Republic National Distributing Co., a more than century-old alcohol distributor that struggled in recent years to handle an outsized debt load, has filed for Chapter 11 protection in a Texas bankruptcy court w... (more story)

Polish Solar Co. GoldenPeaks Can Send Ch. 11 Plan To A Vote

A Texas bankruptcy judge on Friday allowed GoldenPeaks Poland to send its Chapter 11 plan to a creditor vote, while cautioning the solar farm developer that it would need to provide evidence at plan confirmati... (more story)

Mid Cap More

W.Va. Coal Plant Hits Ch. 11, Blames Ex-Leaders

The owner of a West Virginia coal-fired power plant filed for Chapter 11 relief Monday with more than $70 million of funded debt and plans to sell the facility, with the new management installed earlier this y... (more story)

Long Island Castle Operator Says It Has Potential Ch. 11 Buyer

The owner of a century-old mansion turned hotel and event venue told a New York bankruptcy judge on Monday that it is in talks with a buyer for the property with an offer that would repay creditors in full and... (more story)

Simpson Thacher Atty Says Patriot Nat'l Founder Sank Co.

A Simpson Thacher & Bartlett LLP partner wrapped up her testimony Monday in a Florida state malpractice trial brought by the founder of Patriot National Inc., telling the jury that the founder was willing to f... (more story)

Delaware Judge Denies Recusal In Team Systems Bankruptcy

A Delaware bankruptcy judge on Monday declined to recuse himself from an adversary suit in the bankruptcy of Team Systems International, saying the request by former executives of the bankrupt government contr... (more story)

Long Beach Hotel Renovation Co. Inks $80M Deal With Lender

An entity used to renovate a century-old Long Beach, California, hotel reached an $80.8 million settlement with a New York lender in federal bankruptcy court after filing for Chapter 11 protection last fall.

CashCall Gets Interim DIP Cash After Lender Eases Terms

Subprime lender CashCall Inc. can tap into a roughly $4 million Chapter 11 financing package, a California bankruptcy judge said Friday after the lender, which is owned by the debtor's CEO, agreed to remove a ... (more story)

Disability Benefits Co. Hits Ch. 11 In Fla. With $65M Debt

Trajector Holdings LLC, a disability benefits company, has filed for Chapter 11 relief in Florida with around $65 million in liabilities, citing a governance dispute, class actions and regulatory challenges.

Judge Addresses Angst Over Summer Camp Ch. 11 Sale

A New Jersey bankruptcy judge has addressed families' concerns about the sale of a century-old New York sleep-away summer camp in the Chapter 11 case of SIMAD Holdings, telling parents their comments will be c... (more story)

Finch Therapeutics Can Seek Ch. 11 Plan Votes

A Delaware bankruptcy judge on Friday conditionally approved the disclosure statement for microbiome treatment developer Finch Therapeutics' Chapter 11 plan, allowing it to solicit creditor votes.

HSF Kramer Hires Haynes Boone's Supreme Court Chair

Herbert Smith Freehills Kramer LLP announced Friday that it had added the leader of Haynes Boone's U.S. Supreme Court practice, who joins the firm as co-lead focused on appellate work and the nation's highest court.

Expert Analysis

FDIC Proposals Mark Pullback In Bank Resolution Rules

A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolutio... (more story)

Being A Singer Makes Me A Better Lawyer

Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly every... (more story)

$400M Serta Ruling Offers Warning On Uptier Deal Risks

A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)