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Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds
Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.

Meet The Attorneys Guiding Recycling Co. Aleon's Ch. 11
Specialty recycling company Aleon has assembled a team of lawyers from Norton Rose Fulbright and Morrison Foerster LLP to oversee its Chapter 11 as the company is seeking to sell its assets to address more than $403 million in debt.

Board Purge May Not Bring Puerto Rico Utility Bond Payments
President Donald Trump's dismissal of nearly the entire board overseeing Puerto Rico's debt restructuring may result in a body that is more friendly to the island's electric utility bondholders, but their hopes for full payment will likely remain out of reach, experts told Law360
Large Cap More
A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that ow... (more story)
The Office of the U.S. Trustee has asked a Delaware bankruptcy court to reopen the 2007 bankruptcy case of HomeBanc Mortgage Corp. after $232,390 in funds from bank accounts that were not turned over at the Ch... (more story)
A New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement o... (more story)
Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sal... (more story)
Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapt... (more story)
An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an... (more story)
Tort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a finan... (more story)
A Delaware bankruptcy judge said he would lift the automatic stay on an arbitration proceeding in Italy, finding that it wouldn't prejudice a company with counterclaims against automotive parts manufacturer Marelli Corp.
Kroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy... (more story)
The U.S. Trustee's Office has objected to the prepackaged Chapter 11 plan from chipmaker Wolfspeed Inc., arguing the opt-out mechanism for obtaining creditor support for third-party releases is nonconsensual.
Mid Cap More
Movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," received a Delaware bankruptcy judge's approval Tuesday to sell its independent studio to... (more story)
The owner of Brooklyn Mirage, a massive New York City nightclub, recently filed for bankruptcy, haunted by the ghosts of past, present and future: past concerts over which it's being sued; shows which cannot g... (more story)
The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.
The U.S. Trustee's Office on Monday asked a Texas bankruptcy judge to reject Higher Ground Education Inc.'s request to assume a pre-bankruptcy deal with its lenders, saying the agreement dictates the terms of ... (more story)
A split Third Circuit panel on Friday upheld, 2-1, a New Jersey bankruptcy judge's discretion in reopening Congoleum Corp.'s 2003 Chapter 11 case and barring Occidental Chemical from pursuing Congoleum affilia... (more story)
Issues surrounding adequate protection payments in favor of truck lessors and financiers prevented bankrupt trucking firm Titan CNG LLC from receiving approval on Friday for its cash management motion, with a ... (more story)
The Consumer Financial Protection Bureau has reached a settlement with the bankruptcy trustee for Synapse Financial Technologies Inc. that could unlock millions of dollars in relief for consumers whose funds w... (more story)
Vodka maker Stoli Group USA on Friday told a Texas bankruptcy judge it has modified its plan to partially pay off its secured debt with liquor by giving the lender a partial real estate backstop, but that it s... (more story)
A Texas bankruptcy judge said Friday that he would approve bidding procedures for the assets of specialty recycler Aleon Metals LLC, setting up an auction Sept. 29 with a stalking horse bid from its debtor-in-... (more story)
An Oklahoma federal court correctly affirmed a bankruptcy court's refusal to reopen a case brought by a member of the Muscogee Creek Nation who claimed his tax debt should have been discharged in bankruptcy, t... (more story)