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Genesis' $1B Sale Approved, Roomba Maker Ch. 11 Plan OK'd
Nursing home operator Genesis Healthcare secured approval of a $1 billion asset sale, Roomba-maker iRobot received confirmation of its bankruptcy plan, and Saks got the go-ahead to begin liquidating online inventory.
The Steps That Sent Saks On Its Way To Ch. 11
Saks Global Enterprises LLC, the parent company of luxury department store chain Saks Fifth Avenue, entered Chapter 11 less than two weeks ago, but its road to insolvency stretches back more than a year.
Meet The Ch. 11 Trustee Appointed To Operate Flipcause
Veteran bankruptcy attorney Jeffrey T. Testa, a partner at McCarter & English LLP, has been appointed as Chapter 11 trustee in the bankruptcy of fundraising tech company Flipcause.
Large Cap More
A minority group of secured lenders of bankrupt fruit company Del Monte Foods Corp. said in a Friday adversary complaint that other lenders benefited from the company's Chapter 11 financing package without sha... (more story)
Secured lenders of Office Properties Income Trust filed a Chapter 11 adversary suit in Texas bankruptcy court, saying the debtor's entry into debtor-in-possession financing agreements with a separate group of ... (more story)
Weil Gotshal & Manges LLP's bankruptcy attorneys tackled some of the most talked-about cases in 2025, with work that included spearheading First Brands' more than $10 billion Chapter 11 and confirming Steward ... (more story)
Buchanan Ingersoll & Rooney PC strengthened its transactional resources in the Pittsburgh office with the recent addition of an attorney who previously served as the top in-house attorney for PNC Capital Markets LLC.
The bankrupt parent of the failed Silicon Valley Bank on Monday made its case to the Second Circuit that the Federal Deposit Insurance Corp. lost the right to assert setoff arguments in a fight over $1.9 billi... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how the U.S. Department of Housing and Urban Development may be shifting focus, what President Donald Trump'... (more story)
The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a c... (more story)
Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing i... (more story)
Cohn & Dussi LLC is breaking into South Florida after more than three decades headquartered in Boston, bringing on a pair of partners to help grow the firm's first expansion outside of Massachusetts.
FTX Recovery Trust said it will appeal after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes.
Mid Cap More
The Chapter 7 trustee overseeing the bankruptcy of pump manufacturer Nash Engineering Co. has demanded a $59.7 million placeholder payment from a sprawling array of family members and trusts connected to the c... (more story)
Norcold's unsecured creditors committee has urged a Delaware bankruptcy judge to not approve the $13 million sale of the recreational vehicle fridge distributor's assets, alleging that a nondebtor affiliate's ... (more story)
A wind farm owner in North Texas has filed for Chapter 11 protection with $108 million in debt, saying a winter storm in 2021 put it on a path to conflict with a partner in a defunct hedging agreement, with th... (more story)
A defunct construction business owes the International Painters and Allied Trades Industry Pension Fund about $1.6 million, a Fourth Circuit panel said Monday, affirming a lower court's decision that the fund'... (more story)
A Louisiana doctor has dropped his legal malpractice suit against New Jersey firm Porzio Bromberg & Newman PC after the firm moved to dismiss the suit, though the doctor left open the possibility of continuing... (more story)
The foreign representative overseeing the defunct Brazilian auto parts maker Proema Automotiva SA has asked a New York bankruptcy court for permission to obtain discovery from 19 people and entities in its Cha... (more story)
A New York bankruptcy judge has signed off on an agreement between the disputed head of telecommunications company FTE and its board of directors to take their dispute over control of the company and its Chapt... (more story)
Corporate leaders of bankrupt medical device maker Zynex Inc. said that they were aware of the federal arrests and indictments of the company's former CEO and chief operating officer earlier in the week but th... (more story)
The owner of the Crescent Dunes Solar Energy Project can immediately access $5 million of a $10 million debtor-in-possession loan, a Delaware bankruptcy judge ruled on Friday, as the company hopes to quickly s... (more story)
The Supreme Court of Pennsylvania has declared that the city of Chester lost the ability to single-handedly reclaim the assets of its water utility when the composition of the authority's board changed.