July 13, 2026
A Texas court ruled that lenders excluded from Serta Simmons Bedding's uptier restructuring are owed more than $400 million. A Missouri judge approved a $46.7 million data breach settlement for 23andMe claimants, while the Second Circuit ruled an investor can keep its Bed Bath & Beyond stock profits. Linqto won approval to pay off its Chapter 11 loan with securities, and Viridis Chemical got its Chapter 11 liquidation plan confirmed after its asset sale.
July 09, 2026
A Texas bankruptcy judge's decision this week to award roughly $400 million to lenders excluded from Serta Simmons' controversial "uptier" deal is poised to transform creditor-on-creditor disputes and shift how debtors decide where to seek Chapter 11 protection.
July 08, 2026
Creditors that were excluded from Serta Simmons' so-called uptier debt restructuring are entitled to $261 million in damages plus interest, a Texas bankruptcy court has found, ruling against lenders that participated in the 2020 transaction.
March 25, 2026
Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be awarded, an issue which the presiding judge expects to decide on in the next few months.
March 09, 2026
A Texas bankruptcy court began a trial regarding Serta Simmons Bedding's 2020 "uptier" debt exchange, the Lone Star State's supreme court agreed to weigh in on whether LLCs are exempt from Ch. 7 estates and Prime Core's Chapter 11 trust initiated a $13 million adversary suit.