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Meet The Attorneys Guiding Desktop Metal's Ch. 11
A team of lawyers from Pachulski Stang Ziehl & Jones LLP is leading the bankruptcy case of a 3D printer designer, Desktop Metal, as the company plans to sell its assets through Chapter 11 proceedings.
What's Happening In Bankruptcy Court This Coming Week
During August's first full week, bankruptcy judges will hear issues including Silicon Valley Bank's former parent company's fight with Cayman Islands liquidators over standing, Genesis Healthcare's request for final postpetition financing approval and a personal injury firm's agreement to appoint an examiner in its bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.
Meet The Attorneys Guiding Desktop Metal's Ch. 11
A team of lawyers from Pachulski Stang Ziehl & Jones LLP is leading the bankruptcy case of a 3D printer designer, Desktop Metal, as the company plans to sell its assets through Chapter 11 proceedings.
What's Happening In Bankruptcy Court This Coming Week
During August's first full week, bankruptcy judges will hear issues including Silicon Valley Bank's former parent company's fight with Cayman Islands liquidators over standing, Genesis Healthcare's request for final postpetition financing approval and a personal injury firm's agreement to appoint an examiner in its bankruptcy.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.
Expert Analysis
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Large Cap More
The former parent of the defunct Silicon Valley Bank Monday asked a New York bankruptcy judge to stop the liquidators of its Cayman Islands branch from clawing back $294 million in dividend payments, saying th... (more story)
A team of lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP is leading the bankruptcy case of semiconductor maker Wolfspeed Inc., as the company plans to slash 70% of its debt, $4.6 billion, from ... (more story)
Womble Bond Dickinson announced Monday that it has strengthened its presence in Nashville, Tennessee, by bringing on 20 attorneys from boutique law firm Neal & Harwell PLC, which will cease operations Aug. 31.
Law firm Jackson Walker LLP settled another fee dispute tied to a former partner's romance with a former bankruptcy judge. A New York judge said he was ready to approve the Chapter 11 plan of Rochester's Catho... (more story)
A Delaware bankruptcy judge refused to move the Chapter 11 bankruptcy of dorm operator Corvias Campus Living-USG LLC to Georgia, entering an order Friday denying a bid by the University System of Georgia's boa... (more story)
Hedge fund Highland Capital Management has urged the U.S. Supreme Court to allow it to safeguard some of the key parties in its Chapter 11 bankruptcy from liability and review a Fifth Circuit decision that nar... (more story)
A cannabis company in the process of going out of business cannot rely on a state court receivership to shield it from creditors in other states, and the owners of shuttered Norwood Hospital can't renew an exp... (more story)
Lindsey Henrikson of Paul Hastings LLP advised Colombian refinery Reficar in a high-stakes global restructuring that preserved a $1.3 billion arbitration award and secured equity in McDermott International, ea... (more story)
A Texas bankruptcy judge signed off Friday on the going-concern sale of fiber network provider Everstream, which plans to use proceeds from the $384.6 million sale of its business to exit Chapter 11.
The Fourth Circuit Friday found Georgia-Pacific asbestos unit Bestwall can stay in Chapter 11, saying a debtor's financial status has no bearing on whether a bankruptcy court has jurisdiction over its case.
Mid Cap More
A Tokio Marine unit, an oil and gas company and a property owner have settled a $24 million dispute over outstanding reclamation bonds guaranteeing the proper environmental remediation of oil and gas propertie... (more story)
Avant Gardner, a New York City music venue owner, filed for Chapter 11 bankruptcy in Delaware on Monday, saying renovation and permitting troubles at the Brooklyn Mirage, its largest venue, stopped it from hos... (more story)
The owner of a century-old castle on Long Island's Gold Coast filed for Chapter 11 protection late Thursday in New York bankruptcy court, saying it wants to stop a foreclosure sale being forced by its mortgage... (more story)
Fiber network developer Tilson Technology Management Inc. asked a Delaware bankruptcy judge to approve the sale of its broadband business for about $4.2 million.
An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge on Thursday that it had cobbled together two more weeks of Chapter 11 financing, avoiding for no... (more story)
Federal and state courts continue to weigh litigation involving public nuisance, long-tail environmental and sexual abuse claims. Here, Law360 breaks down some of the blockbuster commercial general liability i... (more story)
A Delaware bankruptcy judge has refused to throw out or convert the involuntary Chapter 7 proceedings launched against the onetime hopeful developer of a casino in Mississippi, concluding the creditors that fo... (more story)
A Texas bankruptcy judge Thursday allowed 3D printer designer Desktop Metal to sell its foreign subsidiaries for $10 million as it looks to find a buyer for the rest of its assets in Chapter 11.
Two companies that mine and process sand for fracking have filed for bankruptcy in Texas, one estimating it had at least $50 million in debt and the other estimating at least $100 million, and asked to undergo... (more story)
Stuart Lombardi of Willkie Farr & Gallagher LLP has worked for bankruptcy clients including families seeking defamation payouts in Alex Jones' insolvency and the representative of as-yet-unknown asbestos claim... (more story)