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Catching Up With New Bankruptcy Case Action
France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of the COVID-19 pandemic led a Vermont-based garden supplier to launch Chapter 11 proceedings to sell the business. And the operator of online job search board Monster.com hit bankruptcy with multiple purchase agreements in hand.
Meet The Attys Helping Furniture Retailer At Home In Ch. 11
Furniture and decor retailer At Home has called on attorneys from Young Conaway Stargatt & Taylor LLP and Kirkland & Ellis LLP to see it through a Chapter 11 aimed at eliminating most of its roughly $2 billion in debt with a debt-for-equity swap.
Bankruptcies Sweep Home Solar Industry, But Not Like Before
A confluence of elevated interest rates, state energy policies and the possible end of federal tax incentives have combined over the last year to take the air out of what had been a rapidly inflating residential solar power industry.
Catching Up With New Bankruptcy Case Action
France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of the COVID-19 pandemic led a Vermont-based garden supplier to launch Chapter 11 proceedings to sell the business. And the operator of online job search board Monster.com hit bankruptcy with multiple purchase agreements in hand.
Meet The Attys Helping Furniture Retailer At Home In Ch. 11
Furniture and decor retailer At Home has called on attorneys from Young Conaway Stargatt & Taylor LLP and Kirkland & Ellis LLP to see it through a Chapter 11 aimed at eliminating most of its roughly $2 billion in debt with a debt-for-equity swap.
Bankruptcies Sweep Home Solar Industry, But Not Like Before
A confluence of elevated interest rates, state energy policies and the possible end of federal tax incentives have combined over the last year to take the air out of what had been a rapidly inflating residential solar power industry.
Expert Analysis
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Large Cap More
O'Melveny & Meyers LLP has launched a special credit and liability management group, announcing the move Tuesday as a reflection of "growing client demand for integrated, end-to-end support across the credit c... (more story)
Federal Reserve Chairman Jerome Powell told senators Wednesday that Congress might want to consider permitting greater dischargeability of student loans, questioning whether it is a "wise national policy" to t... (more story)
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The French subsidiary of global telecommunications giant Altice has tapped three lawyers from Ropes & Gray LLP to advise the debtor as it seeks Chapter 15 recognition in New York of its Paris-based restructuri... (more story)
Federal legislation that could codify stablecoins as payment-related assets — not securities — has the potential to impact the Manhattan U.S. attorney's $40 billion criminal case against Terraform founder Do K... (more story)
A former McDermott Will & Emery LLP restructuring partner has returned to Winston & Strawn LLP after more than two decades away, becoming the latest member of its transactions department in New York.
The Georgia affiliate of student and military housing provider Corvias filed for Chapter 11 protection in Delaware bankruptcy court Wednesday saying an unsustainable contract with Georgia's public universities... (more story)
AST SpaceMobile is seeking permission to launch hundreds of low-earth orbit satellites by the end of July to roll out its space-based cellular broadband network, which it says will eliminate coverage gaps and ... (more story)
A Texas mass tort attorney who filed for bankruptcy allegedly owing hundreds of millions of dollars to litigation funders agreed to shift his Chapter 11 case to a Chapter 7 liquidation, putting to rest the U.S... (more story)
A Delaware bankruptcy judge on Tuesday approved fast-fashion retailer Forever 21's Chapter 11 plan that would liquidate the debtor's remaining assets, after the debtor, key creditors, and unsecured creditors c... (more story)
Mid Cap More
A Texas magistrate judge has recommended that a litigation funder and a Houston-area attorney be freed from a proposed class action that alleges a law firm engaged in deceptive advertising targeting hurricane ... (more story)
A Florida federal grand jury has charged the founder of a special needs nonprofit and its accountant with multiple counts of fraud stemming from a scheme to steal $100 million from the organization, alleging t... (more story)
A New Jersey development agency pushed back against a move in bankruptcy court by the owner of a former tire factory site to collect a $25.6 million jury verdict stemming from the agency's decision to condemn ... (more story)
A group of current and former Maryland prison inmates asked a Texas bankruptcy judge to find the Chapter 11 plan of prison healthcare provider Tehum Care Services does not put a stop to lawsuits against the co... (more story)
Attorneys representing consulting firm Berkeley Research Group told a Vermont bankruptcy judge Tuesday that the company is continuing its internal investigation and analysis of information stolen in a March cy... (more story)
Boeing is urging a Washington federal court to compel a defunct South African airline to turn over documents about its financial state and the effects of the COVID-19 pandemic on its business from 2019 to 2021... (more story)
A Florida bankruptcy judge said Tuesday he will turn over management of Silver Airways' Chapter 11 to a court-appointed trustee, finding the airline's abrupt shutdown earlier this month and the handling of the... (more story)
A Texas bankruptcy judge on Tuesday conditionally approved Stoli Group USA's disclosure statement for its Chapter 11 plan, letting the U.S. arm of vodka maker Stoli take votes on a reorganization deal after th... (more story)
The company behind job search website Monster.com filed for bankruptcy Tuesday, listing over $100 million in liabilities and saying in a news release that it has three stalking horse bidders for various assets lined up.
The FTX bankruptcy recovery trust on Friday objected to a $1.53 billion claim made by the now-liquidated cryptocurrency hedge fund Three Arrows Capital Ltd., saying the "illogical and baseless" claim grossly i... (more story)