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Steward Health Ch. 11 Plan Deal Would Fund Insider Suits
Hospital chain Steward Health is preparing to wrap up its decade and a half in existence, saying it has reached a deal with its lenders that allowed it to file a wind-down plan with a Texas bankruptcy court that will let it pursue potential claims against former management.
Meet The Attys Leading Creativemass' Ch. 11
A team of lawyers from Pashman Stein Walder Hayden PC is leading the bankruptcy case of Creativemass, the developer of a wealth management software app, as the business looks to wind down after its Australian parent company collapsed last year.
Catching Up With New Bankruptcy Case Action
A biotechnology firm that develops specialized molecules called it quits after 24 years. Two memory care facilities hit Chapter 11, marking the second and third such operations in their owner's portfolio to do so in less than a year. And an Italian restaurant chain headed back to bankruptcy court for its third time.
Steward Health Ch. 11 Plan Deal Would Fund Insider Suits
Hospital chain Steward Health is preparing to wrap up its decade and a half in existence, saying it has reached a deal with its lenders that allowed it to file a wind-down plan with a Texas bankruptcy court that will let it pursue potential claims against former management.
Meet The Attys Leading Creativemass' Ch. 11
A team of lawyers from Pashman Stein Walder Hayden PC is leading the bankruptcy case of Creativemass, the developer of a wealth management software app, as the business looks to wind down after its Australian parent company collapsed last year.
Catching Up With New Bankruptcy Case Action
A biotechnology firm that develops specialized molecules called it quits after 24 years. Two memory care facilities hit Chapter 11, marking the second and third such operations in their owner's portfolio to do so in less than a year. And an Italian restaurant chain headed back to bankruptcy court for its third time.
Expert Analysis
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Large Cap More
Snack maker Hearthside Food Solutions filed an adversary complaint against the landlord of its Illinois headquarters, arguing that the landlord is reneging on a last-minute deal it reached to remain at the headquarters.
A Texas bankruptcy judge said Wednesday he will confirm prison healthcare company Wellpath's Chapter 11 plan over objections after the debtor achieved a global settlement and agreed to additional changes, sayi... (more story)
Bankruptcy Code provisions that allow creditors who make substantial contributions to be reimbursed for costs don't cover Prospect Medical's pre-Chapter 11 investment banker, a Texas bankruptcy judge said Wedn... (more story)
A group of shareholders and unsecured creditors that previously supported the effort of bankrupt trucking company Yellow Corp. to implement a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy ... (more story)
Lloyd's of London underwriters and the Roman Catholic Diocese of Rockville Centre agreed to end a dispute over the payment of defense expenses related to sexual abuse claims against the diocese, according to a... (more story)
A former shareholder of Greek shipping group Eletson Holdings urged a New York bankruptcy judge on Wednesday to ax an order that slapped a $5,000 daily fine on the investor for apparently obstructing a Chapter... (more story)
In a just-under-the-wire move, the FTX bankruptcy recovery trust has sought a seventh extension for a mid-2023 ruling by the U.S. Bankruptcy Court for the District of Delaware allowing confidential treatment o... (more story)
The Fourth Circuit upheld on Tuesday the Chapter 11 bankruptcy plan for Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc., which have faced a raft of asbestos injury claims, agreeing with lower courts t... (more story)
Bankrupt crafting supply seller Joann Inc. proposed a deal on Monday with unionized workers at an Ohio distribution facility that will pay $1.3 million in severance and unused time-off payments for staying at ... (more story)
Bankrupt Infowars host Alex Jones will ask the U.S. Supreme Court to invalidate a mammoth libel judgment that families of Sandy Hook shooting victims secured against him and his company over his conspiratorial... (more story)
Mid Cap More
British women's healthtech company Chiaro Technology Ltd. is relying on three attorneys from DLA Piper LLP as it seeks recognition of its insolvency in the United Kingdom by a Delaware bankruptcy court.
Digital River Marketing Solutions Inc., an e-commerce services firm based in Minnesota, filed for Chapter 7 on Thursday, citing approximately $45.2 million in secured debt and less than $50,000 in assets.
A group of investors in the bankrupt parent of Silvergate Bank have asked a Delaware bankruptcy judge to broaden the scope of a court-ordered probe of potential litigation claims against insiders after an exam... (more story)
A Delaware bankruptcy judge has approved a $30 million sale of some of the assets of radio frequency filter maker Akoustis Technologies to a SpaceX subsidiary after the debtor reached an agreement with a compe... (more story)
Two insurers were correct to deny coverage for a former Pittsburgh-area McDonald's franchisee in a lawsuit accusing it of failing to stop a supervisor from sexually harassing and assaulting underage employees,... (more story)
A Texas appellate court revoked its prior ruling and backed a lower court ruling that allowed an attorney acting as a receiver in one suit to take over as counsel in another suit for a company belonging to rea... (more story)
A Missouri bankruptcy judge on Tuesday signed off on a consumer privacy watchdog for 23andMe's Chapter 11 after the genetic testing group and 30 states agreed that a statutorily authorized ombudsman would be t... (more story)
A Delaware bankruptcy judge on Tuesday allowed high-protein soybean developer Benson Hill Inc. to designate its debtor-in-possession lenders as the stalking horse bidder in its Chapter 11 sale process, with th... (more story)
A suspended attorney in the Philadelphia suburbs has been sentenced to a year and a day in prison after being convicted by a federal jury of participating in fraudulent schemes that involved stealing a house f... (more story)
Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission Tuesday to sign a contract to sell its assets to an investment fund for $2 million after surging poultry prices and New York C... (more story)