May 22, 2024
A team of attorneys from Blank Rome LLP is representing biotech company Gamida Cell Inc. in its Delaware Chapter 11 bankruptcy and its Israeli parent company in its Chapter 15 insolvency recognition proceedings.
May 20, 2024
Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.
May 17, 2024
Bankruptcy courts saw a flurry of filings this week from mid-cap companies, encompassing everything from old-school grocers to the vanguard of the AI industry.
May 14, 2024
Biotech company Gamida Cell Inc. filed for Chapter 11 protection in Delaware bankruptcy court after reaching a take-private deal with its largest creditor to extend up to $45 million in new capital and forgive more than $4 million in secured debt.