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Court Rejects Oakland Diocese's $180M Ch. 11 Plan

The Roman Catholic Diocese of Oakland, California, has failed to get a $180 million Chapter 11 plan confirmed, with a bankruptcy judge saying the religious organization failed to show that sexual abuse survivo... (more story)

BioXcel's Ch. 11 Stayed Securities Settlement, Judge Says

BioXcel Therapeutics' Chapter 11 filing paused a securities class action against it, a Delaware bankruptcy judge ruled Monday, after a federal court had pressed the life sciences group for a more detailed time... (more story)

Inspired Healthcare Gets OK For $713M Sale

A Texas bankruptcy judge Monday gave Inspired Healthcare the go-ahead to sell 30 of its senior living communities for $713 million after being told objections to how the sale proceeds will be handled will them... (more story)

IRS Loses Bid For Tax Withholdings In Ch. 11 Camp Sales

A New Jersey bankruptcy judge determined on Monday that the buyers of seven summer camps owned by Simad Holdings Ltd. need not withhold taxes under rules governing the sale of U.S. property by foreign owners, ... (more story)

5th Circ. Stays Barretts Talc Trial Ahead Of Arguments

The Fifth Circuit has agreed to pause a Texas federal court trial on whether talc sold by Barretts Minerals Inc. contained cancer-causing asbestos, saying it would hear argument in December on talc claimants' ... (more story)

High Court Won't Consider $30M Argentine Bondholder Claim

Argentine bondholders claiming the Second Circuit wrongly upheld a block of over $30 million in contractual claims against Argentina won't get a chance to argue their stance at the U.S. Supreme Court, as the j... (more story)

High Court Won't Hear Madoff Feeder Funds' Clawback Appeal

The U.S. Supreme Court on Monday denied certiorari to a group of feeder funds that invested in the Ponzi scheme of Bernard L. Madoff, which sought to challenge a Second Circuit ruling that found their $6 billi... (more story)

Telecom Group Scores $6M Claim In Franchise Group Ch. 11

A Delaware bankruptcy judge Friday said Granite Telecommunications can proceed with its $5.8 million administrative expense claim against Franchise Group Inc., overruling the reorganized retail chain owner's p... (more story)

Venezuela Seeks Pause In 3rd Circ. Appeal Of Citgo Sale

Venezuela has asked the Third Circuit to pause its appeal of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo just weeks before scheduled oral arguments that were already delayed, poi... (more story)

Spirit Data Sale Creates 'Perverse' Incentive, Amici Say

The Electronic Privacy Information Center, a Washington-based public interest group, is seeking to intervene on behalf of flight attendants in the bankruptcy of Spirit Airlines, saying that a proposed sale of ... (more story)

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Burger King Says Ex-Franchisee Infringed With 'Jumbo King'

Burger King is asking a Florida federal court to shut down three competing restaurants in New Jersey for alleged trademark infringement, claiming that the shops are run by a former franchisee who renamed her b... (more story)

Bankruptcy Sale Opens West Palm Beach Redevelopment Play

The $13.5 million sale of a distressed condominium property in West Palm Beach through a bankruptcy sale announced Monday likely sets the stage for another residential redevelopment project in the booming South Florida city.

Camp Mystic Director Can't Duck Deposition At Ch. 11 Hearing

A Texas bankruptcy judge Monday denied a Camp Mystic director's bid to quash a subpoena seeking his deposition, allowing the unsecured creditors committee and families of victims who died during a flood at the... (more story)

NY Power Plant Co. Seeks To Open Auction With $8M Bid

Danskammer, the owner of a 532-megawatt natural gas power plant along the Hudson River, has asked a Delaware bankruptcy judge to schedule a November auction for its assets with an $8 million stalking horse bid.

DGR's Bid To Expand $28.4M Armour Energy Case Rejected

A Queensland Supreme Court judge has refused mining exploration company DGR Global's application to add a new $73.4 million counterfactual claim in its proceedings over the collapse of Armour Energy, DGR announced Monday.

Lion Property Director Can't Undo Investor Default Judgment

A Victorian Supreme judge has dismissed an application by John Sader, co-founder of Lion Property Group, to set aside a default judgment issued in a suit alleging the collapsed luxury property developer misuse... (more story)

Jackson Walker May Face New Sanctions Over Old Romance

A Texas bankruptcy judge Friday threatened Jackson Walker LLP with sanctions over yet another bankruptcy case where the firm's retention was approved by a judge in a relationship with a former attorney at the firm.

Vermont Diocese Seeks Ch. 11 Exit After $29M Offer Rejected

The Roman Catholic Diocese of Burlington, Vermont, has asked a bankruptcy judge to dismiss its Chapter 11 case, arguing it no longer has a path to getting a consensual restructuring plan confirmed and that con... (more story)

Gov't Contractor Owner Guilty Of Hiding Assets In Bankruptcy

A Delaware federal judge found the owner of a government contracting firm lied on bankruptcy forms to hide assets from creditors but cleared her on a related criminal charge of making false statements under oath.

Fla. Firm Knew It Had To Secure Lender Notes, 11th Circ. Told

A Puerto Rican microcap lender asked the Eleventh Circuit on Friday to overturn a trial verdict in favor of a law firm that the lender accused of botching several financial transactions, arguing jurors should'... (more story)

Expert Analysis

AI Meeting Recaps Pose New Discovery And Privilege Risks

The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversati... (more story)

Playing Bid Whist Makes Me A Better Lawyer

As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawy... (more story)

Calif. Bill Goes Too Far In Trying To Regulate Attorney AI Use

California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligen... (more story)