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March 05, 2026
Cumulus Media, a company that operates almost 400 radio stations across the country, filed for Chapter 11 protection Thursday in Texas bankruptcy court with a plan to cut $600 million in debt, the business's second bankruptcy filing in less than a decade.
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March 04, 2026
The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.
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March 04, 2026
Data is an increasingly important component of the real estate business, informing operations and helping to shape expansion strategy and acquisitions. Its custodianship, legal structure, licensing agreements and the contracts governing data performance and use are all important points that attorneys who specialize in technology transactions negotiate.
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March 04, 2026
Office Properties Income Trust, the national office space owner and leasing company, has tentatively agreed to pay $60 million to a group of secured noteholders over roughly seven months as part of a settlement that will be worked into a revised Chapter 11 plan.
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March 04, 2026
Emails that Ligado accidentally provided to Boeing are privileged, and it can demand their return, a Delaware bankruptcy judge ruled Wednesday, as the reorganized telecommunications group and aerospace giant gear up for a $55 million claim fight.
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March 04, 2026
The Boy Scouts of America has asked the Delaware bankruptcy court to officially close its main insolvency proceeding with a final decree, six years to the day since the nationwide youth organization said it would seek a fast exit from Chapter 11.
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March 04, 2026
Bankrupt clothing retailer Eddie Bauer LLC has spiked a planned auction for its assets, saying it received zero qualified bids.
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March 04, 2026
BakerHostetler, along with one of its Atlanta-based attorneys, is the latest law firm to be accused of legal malpractice related to an illegal scheme that sold health insurance-like products.
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March 03, 2026
A lawyer for the special master overseeing the auction of Citgo to satisfy billions of dollars' worth of Venezuelan debt has defended his request for more than $15.3 million in fees on top of nearly $63 million already paid, saying the request follows an "extraordinarily complex" sale process.
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March 03, 2026
A third-party factor lender to embattled auto parts-maker First Brands Group wants the debtor to set aside $60.5 million in cash to ensure the lender is adequately protected, saying First Brands is relying on funds that may be promised to other factors to make guarantees about the factor's collateral.
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March 03, 2026
The Roman Catholic Diocese of Buffalo must redesign ballots for its Chapter 11 plan after a New York bankruptcy judge held opt-out boxes could not be used to tally creditor consent to third party releases.
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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.
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March 03, 2026
Barclays Bank is asking a New Jersey bankruptcy judge to dismiss a suit challenging liens against Multi-Color Corp., saying the suit is unnecessary since the bankrupt global label-maker's reorganization plan will be before the court by the end of the month.
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March 03, 2026
The iPic movie theater chain hit Chapter 11 in Florida, a Chicago racetrack entered bankruptcy protection in the Prairie State and a real estate investment trust accused of being a Ponzi scheme began its own insolvency.
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March 03, 2026
Melanie Cyganowski of Otterbourg PC, a former federal bankruptcy judge in New York, talks to Law360 Healthcare Authority about successor liability, regulatory hurdles and some of the hidden costs of hospital bankruptcies.
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March 02, 2026
A Fifth Circuit panel wanted to know why investors should get another shot at a direct class action alleging that McDermott International Inc. made misrepresentations about a $6 billion merger, asking Monday if the case before the court was "analogous" to a case alleging the company overpaid for the merger.
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March 02, 2026
The chief executive officer of bankrupt restaurant chain owner FAT Brands Inc. must sit for a deposition as noteholders prepare to pursue their bid to give control of the case to a Chapter 11 trustee.
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March 02, 2026
Retail landlord Simon Properties and luxury retailer Saks Global on Monday wrangled over the wording of a 2024 investment agreement as they asked a Texas bankruptcy judge to determine the fate of the leases of two Saks locations.
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March 02, 2026
Cadwalader Wickersham & Taft LLP announced on Monday that it is continuing to invest in its restructuring bench with two lawyers in New York and London.
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March 02, 2026
A New Jersey federal judge has revived a bankrupt Johnson & Johnson talc subsidiary's trade libel claim over a 2020 scientific article linking asbestos in talc to mesothelioma, finding that new evidence and allegations concerning the authenticity of the author's data are enough to survive a motion to dismiss.
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March 02, 2026
A former assistant U.S. attorney is New Jersey's newest bankruptcy judge, bringing with him experience representing federal agencies in bankruptcy and creditors in large cases like General Motors' 2009 reorganization.
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March 02, 2026
Bankrupt clothing retailer Eddie Bauer LLC has agreed to resolve a more than $8.84 million claim from GXO Logistics Supply Chain Inc. for $3.1 million.
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March 02, 2026
Solar panel co. PosiGen was given the green light to wind down, fiber network Tilson's Chapter 11 case was dismissed, and Mallinckrodt's bankruptcy prevented antitrust payouts.
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March 02, 2026
Lenders to Serta Simmons Bedding presented opening arguments on Monday in a trial in Texas bankruptcy court over whether investors excluded from the mattress maker's 2020 "uptier" debt exchange should be awarded damages, a dispute that could have sweeping effects on debt finance markets.
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February 27, 2026
A Missouri federal judge dismissed a coalition of Republican-led states' lawsuit challenging a Biden-era student debt relief plan, saying Friday he can't end the plan like the Trump administration wanted given the "apparent lack of adversity" in the suit between the states and the administration.