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Large Cap More

Steward Plan Trust Sues Insurers Over D&O Coverage Denial

One of two trusts established under Steward Health Care's Chapter 11 plan has sued a gaggle of insurers in an offshoot lawsuit, saying the insurers were withholding half the coverage due to former directors an... (more story)

Byju's Defends Bid To Claw Back $1M Intro Fee In Ch. 11

The U.S. affiliate of education technology giant Byju's is fighting a motion to toss its lawsuit to claw back a more than $1 million payment to a financial firm, contending an ex-executive of that firm had ove... (more story)

Catching Up With New Bankruptcy Case Action

BFG Supply, a major distributor of horticultural products, filed for Chapter 11 with $100 million to $500 million in liabilities and plans to sell its assets. Houston-based Galindo Law Firm filed for bankruptc... (more story)

Spirit Data Sale To Google Draws Objection From Springshot

Software company Springshot Inc. has filed a limited objection to the $10 million sale of Spirit Aviation Holdings' business data to Google LLC for artificial intelligence training, saying some of the data bei... (more story)

2nd Circ. Says Nielsen Unbundling Order Starts Tuesday

The Second Circuit has declared that the preliminary injunction blocking Nielsen from making Cumulus Media buy its local offerings to gain access to its national radio ratings data will go into effect Tuesday.

Attys Ask Court To Toss Suit Alleging They Stole 1,000 Cases

Multiple attorneys asked a Texas federal court to toss claims that they conspired to hijack 1,000 cases filed by hurricane survivors who had hired and built cases with a different firm, claiming the firm that ... (more story)

EPA, States Defend Cleanup Deal In Talc Co. Whittaker Ch. 11

The government, joined by California and Montana, is defending a proposed settlement in former talc supplier Whittaker Clark's New Jersey Chapter 11 case, saying a group of personal injury creditors' objection... (more story)

US Trustee Wants Examiner In Hughes Satellite's Ch. 11

The U.S. Trustee's Office on Monday urged a Texas bankruptcy judge to appoint an examiner in the Chapter 11 case of Hughes Satellite Systems Corp., saying the debtor needs an independent official to look into ... (more story)

First Brands Judge Rejects Ch. 11 Plan, Swaps Case To Ch. 7

A Texas bankruptcy judge on Monday rejected First Brands Group's Chapter 11 plan and converted its case to a Chapter 7 liquidation, ruling that the company's bid to pay administrative creditors from the procee... (more story)

Catching Up With Delaware's Chancery Court

The Delaware Chancery Court last week saw a wave of lawsuits involving corporate oversight, take-private deals, financing transactions, bankruptcy fallout, stockholder voting rights and disputes over control.

Mid Cap More

Fannie Mae Seeks Dismissal Of Houston Ch. 11s As Bad Faith

The Federal National Mortgage Association is asking a Texas bankruptcy judge to dismiss the Chapter 11 cases filed by the operator of two apartment complexes in Houston, arguing they were filed in bad faith to... (more story)

Oberweis Dairy Committee Says Ch. 7 Switch Harms Claims

The official committee of unsecured creditors in the bankruptcy of milk producer Oberweis Dairy has objected to the company's proposed Chapter 7 conversion, saying it would impair the creditors' $5.5 million o... (more story)

Ch. 11 Loan Could Trigger Insider Default, US Trustee Says

The U.S. Trustee's Office has asked an Oklahoma bankruptcy court to deny private credit firm YSA Investment's request to borrow $2 million in postpetition financing, contending the debtor has not filed require... (more story)

Galindo Law Files For Ch. 11 After Camp Lejeune Fee Fight

A Houston-based personal injury law firm sought bankruptcy relief on Monday with more than $50 million in liabilities after a mass tort litigation marketing company sued for over $9 million in fees related to ... (more story)

Texas Senior Community Says Ch. 11 Plan Is Best It Can Offer

Houston-based senior living community The Buckingham urged a Texas bankruptcy judge on Friday to confirm its Chapter 11 liquidation plan and overrule an objection by unsecured creditors, saying the deal offers... (more story)

Texas Panel Cuts $45M Sandy Hook Ruling Against Alex Jones

A Texas state appellate court Friday slashed a $45 million damages award against right-wing conspiracy theorist Alex Jones in a defamation trial brought by parents of a Sandy Hook shooting victim, saying the f... (more story)

Porzio Bromberg Keeps Up Momentum In Puerto Rico Growth

New Jersey-based Porzio Bromberg & Newman PC has continued its expansion in Puerto Rico with the hire of a bankruptcy and financial restructuring attorney based in San Juan.

Prime Core Customer Can't Duck $70M Clawback Suit

Cryptocurrency platform Plutus must face a $70 million clawback lawsuit from the litigation trust for Prime Core, the Delaware bankruptcy court has ruled, finding the trust's complaint contained pleadings with... (more story)

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys f... (more story)

Simry Ch. 11 Dismissal Bid Put Off Pending More Briefing

A New York bankruptcy judge deferred a decision on dismissing the Chapter 11 case from Simry Realty Corp. Thursday, instead asking for more evidence and supplemental briefing before making such a decision.

Expert Analysis

Early Action Can Benefit Distressed Restaurant Franchisees

As rising costs put increased pressure on restaurants, as evidenced by recent bankruptcy filings by Popeyes, Farme... (more story)

NY Ch. 7 Ruling Continues Cash Advance Recharacterization

A New York bankruptcy court recently ruled in the Kossoff Chapter 7 proceedings that a merchant cash advance agree... (more story)

Addressing Merchant Cash Advances In Subchapter V

As regulatory enforcement continues and more small businesses turn to Subchapter V bankruptcy to manage merchant c... (more story)