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Bankrupt drug research and development company Inotiv Inc. has tapped a team of lawyers from Hunton Andrews Kurth LLP and Ropes & Gray LLP to see it through a Chapter 11 it began with nearly $489 million in debt and support from most of its creditors for a reorganization plan.
Yellow Corp. will undergo a status conference regarding pension plan settlements, Warrior Technologies will vie for final approval of its bankruptcy financing, and plastic company Trinseo PLC will also seek debtor-in-possession financing approval.
A U.S. Supreme Court ruling Thursday that rejected the Fifth Circuit's "overly rigid" judicial estoppel rule gives lower courts more latitude to decide whether a debtor's failure to disclose a claim in bankruptcy was a mistake, but it leaves open numerous questions about the duties of consumer debtors, experts told Law360.
Carlton Fields pushed back Monday on a request from the CEO of Miss America and companies linked to the pageant to bar a firm attorney from a status conference in their litigation over Miss America's bankruptc... (more story)
The Second Circuit on Friday upheld Sam Bankman-Fried's conviction and an $11 billion forfeiture order in an opinion that found the ex-CEO's claims that he could have made FTX customers whole didn't matter in ... (more story)
A Texas bankruptcy judge on Friday allowed auto parts maker First Brands to send the fifth version of its Chapter 11 plan out for a vote, denying a U.S. trustee motion to scuttle the plan and dismiss or conver... (more story)
A Texas bankruptcy judge has held a man and his company in contempt of court for improperly acting like an attorney on behalf of creditor and subprime auto lender Tricolor Holdings, saying the man would oscill... (more story)
The administrator for bankrupt cryptocurrency company Terraform Labs has urged a New York federal court not to dismiss his suit against trading firm Jane Street over claims the firm used confidential informati... (more story)
A Delaware bankruptcy judge ruled Thursday that claims in a lawsuit brought by vendors of liquidated craft retailer Joann Inc. are not property of Joann's estate and can continue, as the claims are direct clai... (more story)
In multiple filings, EJS Investment Holdings LLC has asked a Texas federal judge to reject attempts by former U.S. Bankruptcy Judge David Jones and other parties to dismiss its proposed class action over his s... (more story)
Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection Friday in New York to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year.
A secured lender to bankrupt auto parts-maker First Brands Group told a Texas judge on Thursday that it has senior liens on inventory that served as loan collateral for a subsidiary of the debtor, and asked fo... (more story)
Venezuela has tapped heavyweight lawyers from Greenberg Traurig LLP as its new counsel in a Third Circuit appeal challenging a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisf... (more story)
A Texas bankruptcy judge told a pair of fracking and sand mining firms Monday she will greenlight the "two-tracked" sale procedures they have submitted, whereby a stalking horse bidder will create a company to... (more story)
Simry Realty Corp., a company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan, has filed for Chapter 11 protection in New York with up to $100 million in debt, saying a di... (more story)
A California soda ash and borate mining operation filed for Chapter 11 protection Monday in Delaware bankruptcy court with $85.5 million of secured debt and plans to sell its assets.
A development company that sought to revive a 38-acre Detroit hospital campus and transform it into a $148 million commerce and innovation hub has filed a complaint in Michigan bankruptcy court claiming the ci... (more story)
Bio-based chemical technology company Viridis Chemical LLC received court approval Friday in Texas for its Chapter 11 plan disclosure statement and can begin soliciting creditor votes ahead of a July 8 confirmation hearing.
The U.S. Trustee's Office is asking a New York bankruptcy judge to give Weil Gotshal & Manges LLP a 20% haircut on its fees for the Chapter 11 of a Manhattan landlord, saying the firm tried to lump together to... (more story)
A Ninth Circuit judge appeared skeptical Friday of efforts to revive allegations that Google harmed market competition for digital advertising by booting a now-defunct advertising app from its Play Store, sayi... (more story)
Harvest Sherwood Food Distributors on Friday got clearance for an August confirmation hearing for its Chapter 11 liquidation plan after a Texas bankruptcy judge said that, with some tweaks, the plan disclosure... (more story)
A New Jersey federal magistrate judge reopened a sushi restaurant worker's wage suit and allowed her to amend her complaint with claims related to a finding that one restaurant owner pursued bankruptcy in bad ... (more story)
The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to... (more story)
Lowell Citron, Geena Caporale and Michelle Podolnyy
The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing len... (more story)
Zachary Kobrin and Zev Shechtman
The recent Cannabist Chapter 15 recognition order is arguably the most significant cannabis bankruptcy development... (more story)
Ashley Zitrin
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at le... (more story)