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Attorneys from Willkie Farr & Gallagher LLP and Fox Rothschild LLP are representing the official committee of unsecured creditors of bankrupt professional golf league LIV Golf in the Chapter 11 the league started after losing the financial backing of Saudi Arabia.
Genesis Healthcare got the sign-off for an amended $1 billion asset sale, WilmerHale appointed a new restructuring chair, and the former CEO of electric-truck maker Nikola asked the Third Circuit to review a decision that his bankruptcy claim against his former company was properly subordinated.
A New York federal court decision that warned of "bankruptcy tourism" in Chapter 15 cases has given creditors new recourse to object to cross-border restructurings, landing at a moment when more U.S. companies are using foreign insolvency laws to obtain relief unavailable under Chapter 11.
A Texas bankruptcy judge Wednesday approved Genesis Healthcare's Chapter 11 liquidation plan after the nursing home operator secured the final signature it needed to close the $1 billion sale of its facilities.
A software engineer has sued BitMEX, alleging that the cryptocurrency exchange and trading platform founded by Reform UK donor Ben Delo sold him unlicensed crypto-derivatives, leading to losses of more than £1... (more story)
The Second Circuit has declined to revive a 53-count suit alleging Voyager Digital's former bank, Metropolitan Commercial Bank, was complicit in the now-defunct crypto lender's fraud, agreeing with the lower c... (more story)
The approval of Genesis Healthcare's Chapter 11 plan was delayed Tuesday after counsel for the nursing home operator said a lease dispute was holding up the closing of the $1 billion sale of Genesis' 175 care facilities.
Secured lenders and unsecured creditors of summer camp owner SIMAD Holdings have reached a settlement agreement that would provide a $13 million recovery pool for unsecured creditors to resolve a dispute about... (more story)
Multiple insurers have objected to the Chapter 11 plan disclosure statement of the Roman Catholic Archbishop of San Francisco, arguing the bankruptcy proposal did not contain enough information.
Two former Spirit Airlines executives have urged a Florida federal judge to permanently dismiss a proposed class action accusing them of misleading stockholders about the struggling airline's finances before i... (more story)
A unanimous Fifth Circuit panel affirmed a lower court's ruling in favor of Ginnie Mae in a suit Texas Capital Bank brought over the extinguishment of its lien on reverse mortgage assets, saying there is a "so... (more story)
The U.S. Securities and Exchange Commission has accused two executives of a now-bankrupt investment company of deceiving investors about the value and availability of shares of privately held companies ahead o... (more story)
The U.S. Supreme Court on Tuesday rejected former Ruby Tuesday executives' bid for review of their claims that Regions Bank underpaid them after their deferred compensation benefits were liquidated in bankrupt... (more story)
Creditors and other parties in the Chapter 11 case of Camp Mystic told a Texas bankruptcy judge Tuesday that the "extraordinary acrimony" between the debtor's owners and the families of campers who died in a 2... (more story)
The bankrupt COVID-19 testing arm of ProPhase Labs can seek votes on its Chapter 11 plan after a New Jersey bankruptcy judge granted interim approval to the company's disclosure statement.
A healthcare workers union has accused CarePoint Health and operators that took over two of its New Jersey hospitals of failing to make 2024 retirement fund contributions under a settlement in the defunct nonp... (more story)
Healthcare company Mirra-Access is seeking Chapter 11 protection in a Florida bankruptcy court with more than $100 million in debt and plans to restructure a loan facility with a firm tied to Franklin Templeton.
Artificial intelligence entertainment platform Character Technologies has filed for Chapter 11 protection in Delaware with more than $50 million in debt, saying it was sunk by high operating and legal costs an... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the top real estate deals of the third quarter, and conversations with leading attorneys on older ... (more story)
A Texas bankruptcy judge agreed to modify the automatic stay in the Chapter 11 case of summer camp operator Camp Mystic late Friday to allow lawsuits from the victims of a deadly 2025 flood to proceed once the... (more story)
The liquidator of companies owned by a family accused of a decadeslong tax fraud scheme in Australia have adhered to Chapter 15's eligibility requirements with $1,250 retainers, a New York federal judge has fo... (more story)
The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to be... (more story)
The U.S. Trustee's Office has urged a New York bankruptcy judge to reject what it described as a bid by the Diocese of Buffalo to shield insurance carriers from third-party legal claims through a $177 million ... (more story)
Jennifer Maleski
The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)
Felix Shipkevich
As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should... (more story)
Daniel Lowenthal and Kimberly Black
Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)