Mid Cap
-
April 03, 2024
Ex-Saul Ewing Paralegal Gets 2 Years For $600K Fraud
An Illinois federal judge sentenced a former Saul Ewing LLP paralegal to two years in prison for embezzling more than $600,000 from the firm's bankruptcy practice over nine years, which she used to make mortgage payments, buy a car and partially fund her son's college education.
-
April 03, 2024
Casa Systems Files For Ch. 11 With $316M Debt, Plans Sale
Communications equipment company Casa Systems Inc. filed for Chapter 11 protection in Delaware, with plans to sell its 5G mobile core and RAN business to software company Lumine Group.
-
April 03, 2024
Window-Shading Co. View Inc. Hits Ch. 11 With $359M Debt
View Inc., a maker of office windows that automatically shade in response to sunlight, has filed for Chapter 11 protection in Delaware bankruptcy court with $359.4 million in debt and an agreement to hand the company to lenders.
-
April 03, 2024
Paul Hastings Adds Group Co-Chair With Finance Duo Hire
Following group hires in the finance space, Paul Hastings LLP announced Wednesday it is hiring two attorneys from Weil Gotshal & Manges LLP, one of whom will co-chair its asset-backed finance practice.
-
April 02, 2024
Allegiance Coal Approved For Tiered Dismissal Of Ch. 11
Bankrupt mining operation Allegiance Coal USA received permission Tuesday from a Delaware judge to begin a two-step dismissal of its Chapter 11 cases one week after the court tossed a lender adversary action.
-
April 02, 2024
MV Realty Files Ch. 11 Plan Amid Growing Calls To Toss Case
MV Realty plans to reorganize in Florida bankruptcy court by firing its brokers and collecting millions in fees from about 34,000 U.S. homeowners over the next 40 years, even as more than a dozen states backed the U.S. Trustee's view that the case is a stall tactic against prosecutors.
-
April 02, 2024
Meet The Attys For Chilean Telecom Operator WOM's Ch. 11
A team of attorneys from Richards Layton & Finger PA is representing WOM SA, one of the largest phone and internet providers in Chile, in its Chapter 11 bankruptcy.
-
April 02, 2024
Last Straw: Food Delivery App Execs Exit As Co. Liquidates
The general counsel of food delivery platform Waitr Tuesday informed federal regulators that he and the rest of the company's executive team had been terminated as it shut down all operations and filed for Chapter 7 liquidation in Delaware.
-
April 02, 2024
10 Questions For NJ Chief Bankruptcy Judge Michael Kaplan
U.S. Bankruptcy Judge Michael B. Kaplan has been chief judge of New Jersey's bankruptcy court since 2020. So far, during his five-year term, he's overseen some of the nation's biggest Chapter 11 cases — including Johnson & Johnson unit LTL Management, BlockFi and Rite Aid — and shepherded the court into a period of high visibility.
-
April 02, 2024
Airspan Networks Gets OK For $53M In Ch. 11 Financing
A Delaware bankruptcy court judge on Tuesday approved $53 million in Chapter 11 financing for Airspan Networks, including the rollup of $37 million in loans the wireless hardware maker says kept it afloat while it negotiated its prepackaged plan.
-
April 02, 2024
Acorda Therapeutics Hits Ch. 11, Plans $185M Drug Sale
Neurological disorders drugmaker Acorda Therapeutics Inc. filed for Chapter 11 protection in New York bankruptcy court, with plans to sell its assets to another pharmaceutical company for $185 million.
-
April 01, 2024
Insurance Mogul's Cos. Want $161M Arbitration Case Tossed
Two companies associated with Greg Lindberg are looking to nix litigation filed by defunct Dutch life insurer Conservatrix to enforce an arbitral award that could force the embattled insurance mogul to fork over about $161 million, arguing that the award orders only provisional relief and is not enforceable.
-
April 01, 2024
Bankrupt Water Co. Investors Say CEO Stole Millions
Investors of now-defunct water purification company Water Now said its former CEO ran the business into the ground while enriching himself, telling a Texas federal court Friday that the executive used the company to take out significant loans and line his own pockets.
-
April 01, 2024
4E Can Give Recovered Jackson Walker Fees To Creditors
The agent administering the confirmed plan of bankrupt hand-sanitizer maker 4E Brands Northamerica LLC received permission Monday from a Texas judge to modify that plan, allowing the agent to distribute fees clawed back from embattled law firm Jackson Walker LLP to the debtor's unsecured creditors.
-
April 01, 2024
Spinning For Terraform Was Tough, Crypto Rep Tells Jury
A California man who worked for Terraform Labs and creator Do Kwon told a Manhattan federal jury Monday that doing public relations for the now-bankrupt cryptocurrency startup accused of fraud left him "angry" and confused as he tried to be transparent.
-
April 01, 2024
Pharma Co. Impel's Ch. 11 Liquidation Plan Approved
Migraine-drug maker Impel Pharmaceuticals received confirmation of its Chapter 11 liquidation plan on Monday after selling its assets and making changes to the plan's exculpation provisions in response to a U.S. trustee objection.
-
April 01, 2024
BlockFi-FTX Deal Gets OK, Chile Telecom Co. Hits Ch. 11
Cryptocurrency giants FTX and BlockFi have gotten approval from a court on a deal to end their disputes, Yellow Corp's fight with federal pension regulators will stay in bankruptcy court and Chile's largest phone and internet provider has hit Chapter 11. This is the week in bankruptcy.
-
April 01, 2024
Eiger BioPharmaceuticals Hits Ch. 11 With $53.1M Debt
Eiger BioPharmaceuticals Inc. filed for Chapter 11 protection in Texas bankruptcy court Monday with $53.1 million of debt and plans to sell its assets during the case.
-
April 01, 2024
Canadian Trucking Co. Seeks US Bankruptcy Recognition
Canadian truck dealers the Pride Group on Monday asked a Delaware judge for U.S. recognition of the Canadian insolvency proceedings it began in the face of a more than $90 million claim from Mitsubishi over an alleged loan default.
-
April 01, 2024
5G Co. Airspan Hits Ch. 11 With $205M Debt, Reorg Plan
5G hardware and software maker Airspan Networks filed for Chapter 11 protection Monday in a Delaware bankruptcy court with plans to trade its more than $205 million in funded debt for equity and raise up to $95 million in new equity financing.
-
March 29, 2024
Judge Axes UpHealth's Claim Estimation Bid In Bankruptcy
A Delaware bankruptcy judge denied UpHealth Holdings Inc.'s request to treat a potential liability claim as worth nothing, saying the company hadn't shown that the bankruptcy case would be hindered if a state court was left to decide the claim's value.
-
March 29, 2024
Giuliani Says He Could Be 'Homeless' If Florida Condo Is Sold
Rudy Giuliani said the official committee of unsecured creditors in his Chapter 11 case has overstepped its powers by asking a New York bankruptcy judge to force the sale of his Florida condo, a move that the former New York City mayor said could add him to "the ranks of the homeless."
-
March 29, 2024
NY Bar Assoc. Building Owner Says Ch. 11 Filings Legit
The company that controls the historic New York County Lawyers Association Building in Manhattan has asked a New Jersey bankruptcy judge to reject a lender's motion to dismiss its Chapter 11 proceedings, asserting that the cases were not merely filed to halt a foreclosure sale.
-
March 29, 2024
5 Myths In Bankruptcy Practice Debunked
Attorneys who are just starting their careers in bankruptcy practice may have certain notions about what their days will be like, but lawyers with longer tenures told Law360 that junior attorneys have plenty of misconceptions. Here, lawyers quash some of those fallacies.
-
March 29, 2024
Baltimore Diocese Sues Insurers For Abuse Claims Coverage
The Roman Catholic Diocese of Baltimore, its parishes and schools have filed an adversary action in Maryland bankruptcy court against its insurance carriers, alleging they failed to live up to their contractual obligation to defend against and pay for sexual abuse claims.