WeWork Inc.

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Case Number:

2:23-bk-19865

Court:

New Jersey

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April 08, 2024
WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.
April 02, 2024
WeWork Drops 150 Leases To Cut Rent Costs By $8B In Ch. 11

Coworking company WeWork has agreed to exit 150 leases and restructure others to reduce its future rent payments by some $8 billion, saying the "significant milestone" paves the way for it to exit Chapter 11 by the end of May.
March 05, 2024
WeWork Seeks 4 More Months Of Ch. 11 Exclusivity

WeWork asked a New Jersey bankruptcy judge to extend the window during which only the coworking space company can propose a Chapter 11 reorganization plan by 120 days, saying the extra time would avoid disruptions to its progress.
February 12, 2024
WeWork Lenders Blast SoftBank, Ask For Ch. 11 Examiner

An ad hoc group of WeWork noteholders have urged the bankruptcy court in New Jersey to appoint an examiner in the coworking space company's Chapter 11 proceedings, asserting that "things are not going as planned" due to "fundamental flaws" in the debtor's case and its ties to SoftBank.
February 05, 2024
WeWork Presses Landlords For Ch. 11 Lease Concessions

Flexible office space provider WeWork Inc. pushed hard in court Monday against landlords that haven't engaged in lease concession negotiations in the company's Chapter 11 case, telling a New Jersey bankruptcy judge that without widespread support from its rental counterparties, the debtor's restructuring plans are dead.
January 01, 2024
Commercial Real Estate Cases To Watch In 2024

There are a few high-profile cases that commercial real estate attorneys should keep an eye on heading into 2024, highlighting the challenges of controversial litigation, the perils of shaky market conditions and the risks of succession planning. Here, Law360 previews three cases that attorneys should have on their radar.
December 20, 2023
The Top Bankruptcy Cases And Issues Of 2023

With the curtain closing on 2023, bankruptcy experts say the past year has featured cases and legal issues of great importance to the practice area that will have implications for years to come.
December 20, 2023
WeWork Gets OK To Redact Customer Names From Filings

A New Jersey bankruptcy judge Wednesday ruled office space provider WeWork can redact the names of its customers from any public filings in its Chapter 11 case after it said it had resolved objections to the request from the U.S. Trustee's Office.
December 11, 2023
WeWork Can Use $650M DIP To Issue Letters Of Credit

Bankrupt office space provider WeWork Inc. can use $650 million in debtor-in-possession financing as collateral, a New Jersey bankruptcy judge ruled Monday, which will allow it to renew and issue letters of credit required under leases during reorganization.
December 07, 2023
Cushman Wants WeWork's Decision On Maintenance Deal

Cushman & Wakefield, which provides maintenance services to WeWork, urged a New Jersey bankruptcy judge this week to force the troubled coworking firm to decide whether it wants to preserve their existing contract, alleging the office space provider owes Cushman more than $6 million for work its subcontractors did before the startup went bankrupt.