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Meet The Attys Steering Nightclub Co. Avant Gardner's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is representing the owner of New York City nightclub Brooklyn Mirage in its Chapter 11 case.
Claire's Starts Store Sales, Linqto Defeats Venue Transfer Bid
Jewelry company Claire's announced it would launch store closing sales after seeking bankruptcy protection for the second time in less than a decade. Meanwhile, a judge gave the Archdiocese of New Orleans one last chance to secure confirmation of a Chapter 11 plan, and Linqto managed to keep its bankruptcy case in Texas.
1st Circ. Backs Creditors Cut Offs In Involuntary Bankruptcies
The First Circuit recently upheld the dismissal of an involuntary bankruptcy, backing a Boston judge who set a deadline for creditors to join the petition, in a ruling that speaks to the pitfalls that can come with the powerful but seldom used creditor tool, experts told Law360.
Meet The Attys Steering Nightclub Co. Avant Gardner's Ch. 11
A team of attorneys from Young Conaway Stargatt & Taylor LLP is representing the owner of New York City nightclub Brooklyn Mirage in its Chapter 11 case.
Claire's Starts Store Sales, Linqto Defeats Venue Transfer Bid
Jewelry company Claire's announced it would launch store closing sales after seeking bankruptcy protection for the second time in less than a decade. Meanwhile, a judge gave the Archdiocese of New Orleans one last chance to secure confirmation of a Chapter 11 plan, and Linqto managed to keep its bankruptcy case in Texas.
1st Circ. Backs Creditors Cut Offs In Involuntary Bankruptcies
The First Circuit recently upheld the dismissal of an involuntary bankruptcy, backing a Boston judge who set a deadline for creditors to join the petition, in a ruling that speaks to the pitfalls that can come with the powerful but seldom used creditor tool, experts told Law360.
Expert Analysis
Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlig... (more story)
A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that... (more story)
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to o... (more story)
Large Cap More
A Delaware bankruptcy judge on Tuesday rejected a former FTX Trading Ltd. customer's nearly $700,000 claim, saying he failed to show that funds donated to the cryptocurrency platform's charity were later clawed back.
TPI Composites Inc., an Arizona-based manufacturer of blades for wind turbines, has filed for Chapter 11 protection in Texas bankruptcy court, listing between $1 billion and $10 billion in debt, including $600... (more story)
Bankrupt Chinese exile Miles Guo must forfeit $1.3 billion in cash, luxury goods and real estate, including his 21-bedroom New Jersey mansion, a New York federal judge said Monday, more than a year after the p... (more story)
A Delaware bankruptcy judge said Monday she would require the creditors that petitioned to force a cryptocurrency mining operation into Chapter 11 to post a multimillion-dollar bond in case their petition is dismissed.
McDermott Will & Schulte, four other law firms and one consulting firm have agreed to settle, for an undisclosed amount and without formal litigation, clawback claims totaling $4.4 million by the Chapter 11 es... (more story)
A litigation administrator for defunct cryptocurrency firm Celsius Network has blasted a bid by Cadwalader Wickersham & Taft LLP to have its legal fees for representing Alex Mashinsky, a Celsius co-founder sen... (more story)
New information that has emerged since customers of the now-collapsed cryptocurrency trading platform FTX Trading Ltd. sued Fenwick & West LLP over the firm's alleged role in that collapse justifies updating t... (more story)
Terraform founder Do Kwon is on track to enter a guilty plea in his $40 billion criminal fraud case, a Manhattan federal judge said Monday, in an order that comes ahead of a scheduled 2026 trial and amid weeks... (more story)
The U.S. Department of Justice's bankruptcy watchdog and the Commonwealth of Massachusetts are appealing a Texas bankruptcy judge's approval of former hospital operator Steward Health's Chapter 11 liquidation plan.
The official committee of unsecured creditors in the Chapter 11 case of household furnishings retailer At Home Group objected to the company's proposed plan disclosure statement, saying it describes an unconfi... (more story)
Mid Cap More
Powin LLC, a company that manufactures batteries for green energy projects, has tapped attorneys from Dentons and Togut Segal & Segal LLP to help steer the bankruptcy it started in June to address an "untenabl... (more story)
A Delaware bankruptcy judge on Tuesday approved Joonko Diversity Inc.'s Chapter 11 liquidation plan after the debtor resolved objections from shareholders and others, letting the artificial intelligence-powere... (more story)
The secured lender to Stoli Group USA Monday asked a Texas bankruptcy judge to reject the vodka maker's proposed Chapter 11 plan, saying the company is trying to shortchange it by paying its debt in bourbon.
Nielsen Holdings Ltd. and consumer intelligence spinoff Nielsen Consumer IQ agreed to end their dispute, a sole investor asked the court to name him lead plaintiff in a suit challenging Endeavor's $13 billion ... (more story)
Truck rental business Fluid Market Inc. asked a Delaware bankruptcy judge to let it convert its case to a Chapter 7 liquidation after completing a sale in December and reaching a settlement with its creditors,... (more story)
A Florida federal judge is considering a request to ban the founder of Bang Energy from submitting any more paperwork without court permission after Monster Energy argued Monday that fake legal citations gener... (more story)
The U.S. Tax Court correctly found the IRS properly denied a Connecticut partnership's $22.7 million loss deduction because the underlying transactions, which involved a Brazilian company, were tantamount to a... (more story)
The Consumer Financial Protection Bureau is getting ready to file a complaint against bankrupt Synapse Financial Technologies on allegations it failed to properly keep track of consumer funds and left as much ... (more story)
A medical device distributor can't use an allowed claim from a former employee's Chapter 7 bankruptcy to win summary judgment in a long-running lawsuit, the Second Circuit ruled Friday.
Funk legend George Clinton has asked a Florida federal court to reject sanctions and lawsuit dismissal bids from music executive Armen Boladian, arguing that his copyright ownership complaint is not frivolous.