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Visual media giant Getty Images filed for Chapter 11 to go private. A rural telecommunications group filed for bankruptcy protections after high construction costs derailed expansion projects, and creditors placed an indirect U.S. subsidiary of petrochemical group Braskem into Chapter 11.
Photo archive owner Getty has tapped Cole Schotz PC and Simpson Thacher & Bartlett LLP to guide it as the debtor's Chapter 11 case develops.
Visual media and stock image company Getty Images received approval for its debtor-in-possession financing in its first-day hearing. State attorneys general asked the U.S. Supreme Court to hear a challenge to "Texas two-step" bankruptcies. Linqto was allowed to tweak its confirmed Chapter 11 plan to bring in a new liquidating trustee after filing an adversary proceeding against the original trustee.
A New York bankruptcy judge Wednesday found an attempt to evict a member of Purdue Pharma's former owning family from a Connecticut home and sell it to pay opioid claims did not violate the drugmaker's Chapter 11 plan.
A Delaware bankruptcy judge ordered the Defense Logistics Agency to make $900,000 in contract payments to a bankruptcy contractor Wednesday, saying the payments cover invoices for which there are no bona fide ... (more story)
Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse Wednesday that the firm is preparing to wind down operations.
A Georgia federal judge has allowed a trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice to file an amended complaint after the trustee asked to add claims of Georgia RIC... (more story)
Chinese real estate developer Logan Group on Tuesday received Chapter 15 recognition in a Texas bankruptcy court for its Hong Kong insolvency case, paving the way for the company and its foreign representative... (more story)
A Texas bankruptcy judge Tuesday approved alcohol distributor Republic National Distributing's Chapter 11 liquidation plan, overruling arguments from the U.S. Trustee's Office that the plan contained nonconsen... (more story)
A Texas bankruptcy judge Tuesday authorized pharmacy services provider Omnicare LLC to tweak its asset purchase agreement and transition services agreement and approved a third amendment to its $110 million de... (more story)
A New York bankruptcy judge Tuesday granted Chapter 15 recognition of the insolvency proceeding for construction conglomerate Andrade Gutierrez Engenharia in its home country of Brazil, clearing the way for a ... (more story)
Bankrupt pool supply company Leslie's Inc. on Tuesday received approval to shorten the notice period for objecting to its Chapter 11 plan disclosure statement by seven days as the company works toward securing... (more story)
Nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law, the Second Circuit ruled Tuesday.
The U.S. Trustee's Office said a Delaware bankruptcy judge must appoint a consumer privacy ombudsman to review the sale of artificial intelligence entertainment platform Character Technologies' assets, saying ... (more story)
A Texas bankruptcy court has converted the Chapter 11 cases of e-commerce software company Society Pass Inc. to a liquidation under Chapter 7, citing management's recent exit from the company, its failure to f... (more story)
Secured creditors of four properties in New Jersey have asked a bankruptcy judge in the state to force debtor Supor Properties Enterprises LLC to immediately transfer the properties after a $66 million refinan... (more story)
Bankrupt health-focused restaurant chain True Food Kitchen received court approval in Texas on Tuesday for a slate of relief on a final basis, including motions seeking to pay the prepetition claims of vendors... (more story)
Book distributor Baker & Taylor can begin soliciting creditors' votes for its Chapter 11 liquidation plan ahead of a confirmation hearing in December, a New Jersey bankruptcy judge said Tuesday.
Grocery delivery giant HelloFresh has appealed a New Jersey bankruptcy judge's decision to confirm food kit service FreshRealm Inc.'s Chapter 11 plan, saying the appellate case turns on whether the plan improp... (more story)
A Delaware bankruptcy judge Tuesday gave the nod to private-label dry bath products maker Vi-Jon to solicit votes on its Chapter 11 plan, overruling insurer objections that the plan would impermissibly assign ... (more story)
Boutique fitness studio operator and self-described "sport lifestyle" company FitLab Inc. has filed for Chapter 11 protection in Delaware with more than $100 million in liabilities.
The Chapter 7 trustee of Lucky Bucks Holdings LLC reached a settlement with the company's former gaming terminal operating subsidiary to split the proceeds of ongoing litigation over $200 million in disputed d... (more story)
An Australian creditor that helped force cryptocurrency miner Mawson Infrastructure Group Inc. into bankruptcy has urged the U.S. Bankruptcy Court for the District of Delaware to reject the company's bid to ho... (more story)
Jane VanLare and Timothy Wolfe
Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avo... (more story)
Michael Ott
The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attor... (more story)
Kenneth Rosen
A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)