April 30, 2026
Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson assets in defiance of the company's Chapter 11 plan.
April 27, 2026
Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.
March 16, 2026
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
March 13, 2026
A New York bankruptcy judge approved arrest warrants for a group of former shareholders of reorganized debtor Eletson Holdings Inc. who were directors of an entity purporting to control the company post-bankruptcy, saying they should be incarcerated until they give depositions ordered by the court.
March 03, 2026
Reorganized shipping company Eletson Holdings Inc. has told a New York bankruptcy judge that arrest warrants for ex-officials of the company are an appropriate, incremental action in a months-long quest to obtain depositions from individuals facing court judgments.
February 04, 2026
A New York bankruptcy judge on Wednesday allowed shipping group Eletson Holdings Inc. to seek the arrest and incarceration of former Eletson directors and others who the company says have failed to appear at court-ordered depositions.
December 19, 2025
Eletson Holdings on Friday argued in support of its bid to subpoena Reed Smith LLP and Rolnick Kramer Sadighi LLP as the shipping company seeks to enforce judgments of up to $873,000 that it won in September, telling a New York bankruptcy judge its requests for information were proper.
December 04, 2025
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
November 26, 2025
Pinstripes, a restaurant and bowling alley chain, obtained permission to transition its bankruptcy into a Chapter 7 proceeding. A trustee overseeing equity assets from Rite Aid's last Chapter 11 got the all-clear to wind the trust down. And a Connecticut federal judge rejected an appeal from a law firm targeted by the Chapter 11 trustee for a Chinese exile and convicted fraudster.
November 20, 2025
The New York bankruptcy judge overseeing Eletson Holdings' Chapter 11 case has raised sanctions against three Cypriot corporations connected to the shipping company's former owners to $5,000 a day for failing to reverse changes to the board of an Eletson affiliate.