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Foley Hoag Grows Debt Finance Team With New Co-Chair

An attorney who built her debt finance practice for more than 26 years at Goodwin Procter LLP has recently joined Foley Hoag LLP's Boston office, where she has been selected to co-lead the firm's debt finance team.

Carlton Fields Pushes To Demand Fees In Miss America Fight

Carlton Fields has urged a Florida federal court to adopt a magistrate judge's recommendation that the firm be allowed to intervene in a dispute involving its charging lien for unpaid legal fees in a $500 mill... (more story)

Latvian Carrier AirBaltic Hits Ch. 11 After COVID, War Shocks

Latvian carrier airBaltic filed for Chapter 11 bankruptcy protection in New York on Monday, citing liabilities of more than $1 billion, after years of financial strain from the COVID-19 pandemic, Russia's inva... (more story)

Hughes Satellite Creditors Ask To Float Their Own Ch. 11 Plan

A group of noteholders of telecommunications company Hughes Satellite has asked a Texas bankruptcy court to terminate the period during which only the debtor can file a reorganization plan so that the creditor... (more story)

Inspired Healthcare Reports $582M In Bids On Assets

Inspired Healthcare Holdings has told a Texas bankruptcy judge it secured $582.3 million in offers for two dozen of its senior living developments, while two lenders are alleging the debtor failed to maximize ... (more story)

Minnesota Vikings Seek Payment In Sleep Number Ch. 11

An affiliate of the Minnesota Vikings has asked a New York bankruptcy judge to require Sleep Number to pay more than $313,000 that the NFL team says the mattress company owes under a sponsorship agreement.

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaste... (more story)

Bankman-Fried Asks Justices To Review His Fraud Conviction

Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the ti... (more story)

Nielsen Tells 2nd Circ. Court Altered Terms Of Cumulus Order

Nielsen is headed back to the Second Circuit after a New York federal court changed the terms of a preliminary injunction that the appellate court had already upheld, the company said, requiring Nielsen to not... (more story)

Google Says Spirit Data Deal Excludes Consumer Info

Google has responded to concerns raised by a court-appointed privacy ombudsman about its proposed purchase of data from bankrupt Spirit Airlines by telling a New York bankruptcy judge it has no interest in col... (more story)

Mid Cap More

Bongino Disavows Inside Knowledge On Parler Ouster

Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the do... (more story)

BurgerFi Trustee Says Insiders Sank Chain With $161M Deal

BurgerFi International Inc.'s liquidating trustee has sued former company brass and financial advisers, alleging they pushed through the $161 million acquisition of Anthony's Coal Fired Pizza that immediately ... (more story)

HSF Kramer Booted As Omnis Pleasants' Ch. 11 Counsel

Herbert Smith Freehills Kramer LLP's previous work for key creditors disqualifies it from representing West Virginia coal plant operator Omnis Pleasants in its Chapter 11 proceeding, a Delaware bankruptcy judge ruled Friday.

Ex-CEO Of AI Recruitment Co. Cops To $27M Investor Fraud

The former CEO of bankrupt artificial intelligence-powered staffing firm Joonko Diversity on Friday entered a guilty plea to charges that she defrauded investors out of $27 million using forged financial docum... (more story)

Dolphin Park Co. Can Send Ch. 11 Plan To Creditor Vote

Wildlife adventure group The Dolphin Co. can seek creditors' votes on its Chapter 11 liquidation and wind-down plan as it looks to end an eventful bankruptcy in Delaware.

JPMorgan Aided Ex-Atty Kossoff's $18.5M Theft, Trustee Says

The Chapter 7 trustee representing bankrupt firm Kossoff PLLC on Wednesday sued JPMorgan Chase Bank NA, claiming the bank helped the firm's principal steal at least $18.5 million from clients, and it "should b... (more story)

Ch. 11 Trustee Must Take Over NYC Building, Watchdog Says

The U.S. Trustee's Office has asked a New York bankruptcy judge to name a Chapter 11 trustee to oversee the insolvency proceeding of an organization that owns a mixed-use building in Manhattan's SoHo neighborh... (more story)

Alea Holdings Approved For Ch. 11 Plan With Releases

Insurance holding company Alea Holdings US Co. received approval Thursday in Texas for its Chapter 11 plan, which will see $20 million in cash made available to certain creditors while all voting claimants agr... (more story)

Meet The Attorneys Working Foley & Lardner Malpractice Suit

Attorneys from Ross Aronstam & Moritz LLP, Young Conaway Stargatt & Taylor, LLP and Benesch Friedlander Coplan & Aronoff LLP are facing off in a suit by the Chapter 7 trustee of food waste recycler KDC Agribus... (more story)

Fulcrum Trust Wants To Claw Back $13.5M Insider Payments

The liquidation trust for defunct fuel-to-waste refiner Fulcrum is asking a Delaware bankruptcy judge to allow it to recover $13.5 million in payments that the trust says were made to company insiders while th... (more story)

Expert Analysis

Lessons For Banks When A Fintech Partner Fails

Recent fintech bankruptcies highlight best practices for how banks can strengthen third-party oversight, data-acce... (more story)

Voyager Ruling Maps Out Ch. 11 Exculpation Lessons

Chapter 11 plan proponents drafting exculpation provisions may benefit from contrasting the exculpatory language r... (more story)

Juggling And Unicycling Make Me A Better Lawyer

Because I juggle (sometimes with fire) and ride the unicycle, friends and family used to joke that I should join t... (more story)