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Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Catching Up With New Bankruptcy Case Action
An Eddie Bauer retail operator took more than $1 billion in liabilities into Chapter 11 in New Jersey, as did a senior living-focused private equity investor in Texas, while a blockchain financial technology company started a bankruptcy in Delaware with over $100 million in debt.
Meet The Attorneys Advising Eddie Bauer In Chapter 11
A group of lawyers from Kirkland & Ellis LLP and Cole Schotz PC is guiding the retail operator of outdoor apparel brand Eddie Bauer as it attempts to sell stores in its Chapter 11 case in New Jersey bankruptcy court.
Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Catching Up With New Bankruptcy Case Action
An Eddie Bauer retail operator took more than $1 billion in liabilities into Chapter 11 in New Jersey, as did a senior living-focused private equity investor in Texas, while a blockchain financial technology company started a bankruptcy in Delaware with over $100 million in debt.
Meet The Attorneys Advising Eddie Bauer In Chapter 11
A group of lawyers from Kirkland & Ellis LLP and Cole Schotz PC is guiding the retail operator of outdoor apparel brand Eddie Bauer as it attempts to sell stores in its Chapter 11 case in New Jersey bankruptcy court.
Expert Analysis
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Large Cap More
Saks Global said on Tuesday it plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location in the U.S., as it looks to boost its business through a Chapter 11 restructuring.
A New Jersey bankruptcy judge Tuesday declined to certify a direct appeal to the Third Circuit in Multi-Color Corp.'s Chapter 11, telling creditors that a dispute over the global label maker's choice of venue ... (more story)
A Delaware bankruptcy judge approved a Chapter 11 schedule Tuesday for the retail operator for outdoor clothing brand Eddie Bauer that will see the company on the block by early March and any unsold stores clo... (more story)
Amber Energy Inc. has asked the Third Circuit to reject appeals of an order accepting its multibillion-dollar bid for shares in Citgo Petroleum Corp.'s parent company, saying a lower court "came nowhere near a... (more story)
A special master has lost his request to have Venezuela and gold mining company Gold Reserve pay his $3.1 million bill for defending against their unsuccessful bid to have him disqualified in long-running liti... (more story)
FAT Brands creditors that hold $990 million in debt told a Texas bankruptcy judge Tuesday they have "profound concern" about the debtor's leadership, days after urging the court to temporarily suspend the comp... (more story)
A Manhattan federal judge said Tuesday that a Texas financial services executive accused of a $150 million fraud cannot claim privilege over documents that he prepared using an artificial intelligence service ... (more story)
Former nuclear power plant workers urged a Maryland federal judge not to let Constellation Energy, DTE Energy, Duke Energy, NextEra Energy and others duck a proposed class action alleging a wage-fixing conspir... (more story)
An organization of Franciscan friars in California has informed a bankruptcy judge it reached a $20 million settlement with its creditors committee to address the sexual abuse claims asserted by nearly 100 people.
Eddie Bauer LLC, a retail operator for the outdoor apparel brand, sought Chapter 11 protection early Monday in New Jersey bankruptcy court, reporting more than $1 billion in liabilities and listing more than 1... (more story)
Mid Cap More
A Chapter 11 deal to serve up assets of cooking and home goods e-commerce company Food52 Inc. to America's Test Kitchen secured a Delaware Bankruptcy judge's approval Tuesday, one of three sale measures totali... (more story)
Lawyers for a Long Island nursing home operator told a New York bankruptcy judge on Tuesday that they hope to have a consensual Chapter 11 plan soon, after reaching a deal with the unsecured creditors' committ... (more story)
The owner of Colorado's Glenwood Caverns Adventure Park has filed for Chapter 11 protection in Delaware bankruptcy court, saying it's unable to pay a $116 million wrongful death judgment.
The U.S. Department of Justice and a family of overseas-trust beneficiaries struck a partial deal in a $28 million tax suit in Florida federal court, with the DOJ dropping its push to freeze the family's asset... (more story)
Faith-based clothing retailer Altar'd State set an opening bid of $7 million for the intellectual property of bankrupt women's clothing retailer Francesca's, the debtor told a New Jersey bankruptcy judge Monday.
The litigation trust for bankrupt cryptocurrency custodian Prime Core Technologies Inc. is seeking to claw back $2.6 million of preferential transfers from one of the company's former end users, stablecoin platform sFox Inc.
Cooking and home goods e-commerce company Food52 Inc. has told a Delaware bankruptcy judge that the owner of the America's Test Kitchen television show's brand has submitted the winning bid for its primary business.
Biotechnology company Alachua Government Services received approval on Monday from a Delaware bankruptcy judge for a $16 million sale to healthcare investment firm OrbiMed Advisors LLC of the royalty rights to... (more story)
Blockchain financial technology company Archblock LLC filed for Chapter 11 bankruptcy relief in Delaware, listing more than $100 million in liabilities and less than $10 million in assets.
Parents who allege their child suffered injuries from a fruit purée pouch that allegedly contained unsafe lead levels can pursue claims against the company they say designed the pouch, but strict liability and... (more story)