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June 29, 2026
A vice chair of financial services holding company Hilco Global has joined Paul Weiss Rifkind Wharton & Garrison LLP to co-head the restructuring and debt capital solutions practice, the firm has announced.
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June 29, 2026
King & Spalding LLP has hired another former practice leader from Proskauer Rose LLP amid its ongoing efforts to build out its fund finance capabilities, the firm announced Monday.
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June 29, 2026
Information technology services provider TPx Communications filed for Chapter 11 protection Monday in a Texas bankruptcy court with a restructuring support agreement backed by the holders of the majority of its $1.1 billion in debt.
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June 29, 2026
The U.S. Supreme Court said Monday that it will not hear Highland Capital's arguments for reversing a Fifth Circuit decision narrowing the claims releases and so-called gatekeeper provision in the bankrupt Texas investment fund's Chapter 11 plan.
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June 29, 2026
The U.S. Supreme Court on Monday rejected defunct trucking giant Yellow Corp.'s appeal of a bankruptcy court decision that it owes billions of dollars in retirement fund withdrawal liability, despite a pandemic-era pension fund stimulus package.
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June 26, 2026
The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.
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June 26, 2026
Dozens of U.S. summer camps can race toward a sale after their bankrupt owner SIMAD Holdings won approval on Friday to solicit bids by July 17, over the strenuous objection of the largest unsecured creditor in the chaotic Chapter 11 case.
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June 26, 2026
A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.
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June 26, 2026
A lender to the Polish affiliate of alternative energy investment company GoldenPeaks Capital is asking a Texas bankruptcy judge to dismiss its Chapter 11 case, saying it was only filed in the U.S. as a ploy to hand a junior creditor control of the company.
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June 26, 2026
Two affiliates of natural gas production and delivery company New Fortress Energy gained recognition of their U.K. debt restructuring plan Friday from a New York bankruptcy judge, who found the strategy was appropriate.
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June 26, 2026
A battery recycler will seek a Texas bankruptcy court's permission to sell residual assets. A bankruptcy judge in Delaware is slated to issue a bench ruling in bankrupt cryptocurrency company Terraform Labs' Chapter 11 case. And a New York bankruptcy court will consider the Sleep Number mattress maker's bidding procedures motion.
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June 26, 2026
A California federal judge has paused Sorrento Therapeutics shareholders' litigation after a Texas bankruptcy court ruled they lacked standing to pursue racketeering claims over a former Jackson Walker attorney's relationship with the judge who initially oversaw the biotech company's Chapter 11.
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June 26, 2026
A Texas bankruptcy judge has authorized auto parts maker First Brands to form a committee of nonunion retirees for the debtor to negotiate with to downsize their life and health insurance benefits.
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June 25, 2026
The Federal Deposit Insurance Corp. on Thursday floated new rules that would significantly scale back its resolution-planning requirements for large banks and slash the banking industry's annual deposit insurance assessment bill by $4 billion, or roughly a third.
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June 25, 2026
As the 10th anniversary of a law meant to restructure Puerto Rico’s more than $70 billion in government debt approaches, experts say it remains to be seen if reform efforts stick — and what the long-term economic situation for the island will be.
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June 25, 2026
A lender to a New York City loft owner sought to take possession of the building after a planned credit bid sale never took place. The examiner in First Brands' Chapter 11 case will not receive any extra funding. And the liquidation trust for a debtor that conducted a Ponzi scheme wants to recover funds from three beneficiaries of what it says were ill-gotten gains.
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June 25, 2026
SIMAD Holdings Ltd., the bankrupt owner of 30 U.S. summer camps and other real estate, says that it has secured up to $180 million of debtor-in-possession financing from its prepetition bondholders, as it seeks to fund its operations and bankruptcy cases while working toward a late-July auction for its assets.
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June 25, 2026
A bankruptcy judge has approved a $2.95 million settlement in reorganized chemical company W.R. Grace & Co.'s Delaware Chapter 11, closing the books on a South Carolina hospital's class action efforts that started in 1992.
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June 25, 2026
Ankura Consulting Group LLC asked a Texas bankruptcy judge to toss a lawsuit brought against it by the litigation trustee for defunct financial services firm GWG Holdings, saying the case didn't adequately allege Ankura intended to commit fraud and the trustee admitted GWG didn't rely on Ankura's work.
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June 25, 2026
New Jersey-based McCarter & English LLP expanded its Indianapolis office with a team of three partners from Ice Miller LLP specializing in complex environmental contamination issues, including brownfield redevelopment, the firm announced Thursday.
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June 24, 2026
The former chief operating officer of bankrupt subprime auto lender Tricolor Holdings pled guilty Wednesday to charges stemming from what prosecutors have described as a yearslong scheme to defraud the company's lenders and investors.
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June 24, 2026
The New York bankruptcy judge presiding over the Chapter 11 case of former OxyContin maker Purdue Pharma on Wednesday approved the appointment of a trustee to administer neonatal abstinence syndrome claims and the adoption of distribution procedures to claimants who are still minors.
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June 24, 2026
Stevens & Lee PC has brought on five Genova Burns LLC lawyers in New Jersey, strengthening the firm's bankruptcy and financial restructuring department.
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June 24, 2026
Residential developer Taylor Morrison has asked a Delaware bankruptcy judge to bar the buyer of SunPower Corp.'s assets from contacting owners of homes it built, arguing the purchaser can't repossess installed solar panels to satisfy a $500,000 receivable.
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June 24, 2026
A Manhattan federal judge Wednesday scheduled a November trial for crypto-lobbyist Michelle Bond, as she seeks to beat charges alleging she agreed with her husband, jailed former FTX executive Ryan Salame, to take illegal campaign cash from the bankrupt exchange.