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April 22, 2026
Just 14 months after Spirit Airlines received a New York bankruptcy judge's approval for a debt-equity swap Chapter 11 plan in an earlier case, the budget airline is heading to court again Thursday to defend its disclosure statement for a new plan and move toward a second reorganization.
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April 22, 2026
North American farming enterprise Monette Farms Ltd. filed for Chapter 15 recognition of its Canadian restructuring as it seeks urgent liquidity to seed crops for the growing season.
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April 21, 2026
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
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April 21, 2026
Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.
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April 21, 2026
Wilmington Trust, a subsidiary of M&T Bank that served as custodian to subprime auto lender Tricolor Holdings trusts, has defended its bid to transfer a suit accusing it of failing to help prevent Tricolor's collapse last year, saying the action should be moved from a New York federal court to Texas bankruptcy court.
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April 21, 2026
A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.
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April 21, 2026
Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, including what the firm described as artificial intelligence "hallucinations."
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April 21, 2026
Home shopping network owner QVC entered Chapter 11, as did a solar panel installation company based in California, and a Cayman Islands-based solar business sought Chapter 15 recognition.
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April 21, 2026
A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 liquidation plan of Swiss solar panel company Meyer Burger's U.S. arm, letting the subsidiary sell off its remaining assets and wrap up its bankruptcy.
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April 20, 2026
A Pennsylvania state court has booted Beasley Allen Law Firm attorneys from representing consumers in nine cases that link Johnson & Johnson's talcum powder to ovarian cancer, saying their pro hac vice admission was inappropriate given the firm's dealings with an attorney who previously represented the company.
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April 20, 2026
The state court-appointed receiver of conspiracy theorist Alex Jones' Infowars media business has reached an agreement to license its trademark and domain name to The Onion, as the satirical news outlet seeks another chance at running Jones' website.
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April 20, 2026
A New York bankruptcy judge determined Jones Day cannot represent former talc producer Vanderbilt Minerals in its Chapter 11 case. Label maker Multi-Color and film producer Village Roadshow confirmed Chapter 11 plans. And U.S. Bankruptcy Judge John T. Dorsey, the former chief judge of Delaware's bankruptcy court, passed away "following a courageous battle with cancer." This is the week in bankruptcy.
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April 20, 2026
A team of attorneys from Gray Reed and Kirkland & Ellis are leading home shopping television company QVC through what they hope will be a quick trip through Chapter 11.
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April 20, 2026
The U.S. Supreme Court on Monday wrestled with the potential impact of reining in — or even scrapping altogether — a 100-year-old doctrine that curbs litigants' ability to go to federal court to try to overturn a state court loss.
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April 20, 2026
Inspired Healthcare's unsecured creditors have urged a Texas bankruptcy judge to deny the company's bid to retain Reid Collins & Tsai LLP to help investigate the debtor's pre-Chapter 11 conduct, saying that task should fall to unsecured creditors instead.
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April 20, 2026
The U.S. Supreme Court on Monday said it won't review a class certification challenge in a securities class action over Johnson & Johnson's cancer-related talc products in the latest development in a closely watched dispute over how courts evaluate class certification in shareholder suits.
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April 17, 2026
The buttoned-up Chapter 11 plan filed by QVC Group lays out a smooth course to speed through bankruptcy, as unsecured creditors are to be paid in full and its restructuring focuses on its balance sheet without touching operations, but the retailer's long-term survival still seems uncertain, experts told Law360.
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April 17, 2026
QVC told a Texas bankruptcy judge Friday the home shopping television company wants to get its Chapter 11 debt swap plan confirmed by late May and emerge from the insolvency process within 90 days, as it seeks to cut $5 billion of liabilities from its balance sheet.
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April 17, 2026
Solar company Freedom Forever told a Delaware bankruptcy judge Friday that missed payments that mounted after the passage of the federal budget reconciliation bill last year were largely the cause of its Chapter 11 filing this week.
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April 17, 2026
Purdue Pharma will undergo an omnibus hearing and get criminally sentenced, Office Properties Income Trust will seek plan confirmation and Spirit will vie for the all-clear to take a vote on its own plan.
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April 17, 2026
A Pennsylvania federal judge agreed to step aside from a criminal case involving a man accused of threatening to kill judges after the man pointed out that the jurist had presided over a related bankruptcy matter.
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April 17, 2026
A Texas bankruptcy judge Friday approved Ascend Elements' expedited timeline for a Chapter 11 auction, after the battery recycling firm reached consensus on reserving the rights of objecting parties.
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April 17, 2026
Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.
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April 16, 2026
Satellite company Inmarsat appealed an order escrowing settlement funds, the U.S. trustee balked at an Eddie Bauer retail operator's plan releases to no avail, and a New York bankruptcy judge approved a brain scan equipment maker for post-petition financing.
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April 16, 2026
Apollo, Ares, BlackRock and other financial giants are colluding to block Optimum Communications Inc. from negotiating a debt refinancing to avert bankruptcy, acting as a "cartel" and locking Optimum out of credit markets, Optimum said in a brief opposing the investors' bid to dismiss its antitrust suit in New York.