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Cumulus Ch. 11 Came Amid Antitrust Suit, Audience Shifts
As radio giant Cumulus was looking into restructuring options that ultimately led it to Chapter 11 last week, it was also kicking off litigation against audience analytics giant Nielsen, a longtime vendor.
Under The Radar: Bankruptcy News You May Have Missed
A valve manufacturer proposed a Chapter 11 plan to address asbestos claims, Saks Fifth Avenue announced more store closures, and new bankruptcies were launched, including a case centered on a tile distributor and another on an office building.
Meet The Attorneys Guiding IPic Theaters Through Ch. 11
Dine-in movie theater chain iPic filed for Chapter 11 protection Feb. 25 in Southern Florida, electing to proceed under the Subchapter V designation reserved for small-business debtors whose liabilities are under a threshold of about $3 million. The company has enlisted Burr & Forman LLP as bankruptcy counsel.
Cumulus Ch. 11 Came Amid Antitrust Suit, Audience Shifts
As radio giant Cumulus was looking into restructuring options that ultimately led it to Chapter 11 last week, it was also kicking off litigation against audience analytics giant Nielsen, a longtime vendor.
Under The Radar: Bankruptcy News You May Have Missed
A valve manufacturer proposed a Chapter 11 plan to address asbestos claims, Saks Fifth Avenue announced more store closures, and new bankruptcies were launched, including a case centered on a tile distributor and another on an office building.
Meet The Attorneys Guiding IPic Theaters Through Ch. 11
Dine-in movie theater chain iPic filed for Chapter 11 protection Feb. 25 in Southern Florida, electing to proceed under the Subchapter V designation reserved for small-business debtors whose liabilities are under a threshold of about $3 million. The company has enlisted Burr & Forman LLP as bankruptcy counsel.
Expert Analysis
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Large Cap More
A minority group of lenders to Del Monte Foods are objecting to the canned food giant's Chapter 11 plan disclosures, saying the disclosure is uninformative and the proposed plan hopelessly unfair to their interests.
The troubled tale of New Jersey-based apartment building owner CBRM Realty Inc. has taken another turn as White & Case LLP objected to a move by the debtor's wind-down officer to resign.
A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in def... (more story)
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft its owns on the auction block next month with a baseline bid set at more than half a billion dollars.
A Virginia federal judge on Tuesday issued sanctions against a doctor being sued by a Johnson & Johnson unit over an article linking mesothelioma with talc products, saying that a jury will be told that he del... (more story)
The auction for telecommunications company Oi's equity stake in a Latin American fiber internet provider did not attract a qualified bid, an attorney representing the debtor told a New York bankruptcy judge Tuesday.
The Roman Catholic Diocese of Oakland on Tuesday told a California bankruptcy judge that a committee representing sexual abuse claimants is making unreasonable demands for cash and oversight in its newly propo... (more story)
A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors,... (more story)
Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.
The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.
Mid Cap More
A Delaware bankruptcy judge Wednesday allowed the owner of Colorado's Glenwood Caverns Adventure Park to appeal in state court a $116 million wrongful death judgment that sent the company into Chapter 11.
Fifth Third Bank, a secured lender to bankrupt liquor maker Stoli Group USA LLC, has opposed the official committee of unsecured creditors' request to seek new Chapter 11 trustees.
Avenger Flight Group, an insolvent flight training provider, told a Delaware bankruptcy judge Wednesday it has reached a global settlement with creditors that will allow the debtor to complete an asset sale, s... (more story)
The Catholic Diocese of El Paso filed for Chapter 11 relief in Texas as it faces 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.
A Delaware bankruptcy judge has ordered the Chapter 11 case of vegan restaurant group Planta to be converted to a Chapter 7 liquidation, after the debtor said it has no other option.
A New York bankruptcy court Tuesday pushed back the disclosure statement hearing in the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition, after the debtor said it is continuing to n... (more story)
A Florida federal judge Monday sanctioned a businessman and his attorney for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using the documents to put ... (more story)
Barnes & Thornburg LLP and former board members for cryptocurrency miner Rhodium Encore LLC balked at Lehotsky Keller Cohn LLP's bid for sanctions in Rhodium's Chapter 11 case, saying they had done nothing wro... (more story)
Cheese producer Rizo-Lopez Foods Inc. told a California bankruptcy judge Monday that it has reached a sale agreement, delaying a motion to convert its case from a Chapter 11 reorganization to a Chapter 7 liquidation.