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What's Happening In Bankruptcy Court This Coming Week

A Texas bankruptcy court will rule on whether to confirm car parts giant First Brands' contested Chapter 11 plan. Insurance group Hallmark Financial Services and a Polish solar energy project investor will ask... (more story)

Meet The Attys Advising TPx's Creditors Committee, Lenders

Attorneys from DLA Piper are representing the official committee of unsecured creditors of information technology services provider TPx Communications, while attorneys from Haynes Boone and Davis Polk & Wardwe... (more story)

Texas Panel Cuts $45M Sandy Hook Ruling Against Alex Jones

A Texas state appellate court Friday slashed a $45 million damages award against right-wing conspiracy theorist Alex Jones in a defamation trial brought by parents of a Sandy Hook shooting victim, saying the f... (more story)

Porzio Bromberg Keeps Up Momentum In Puerto Rico Growth

New Jersey-based Porzio Bromberg & Newman PC has continued its expansion in Puerto Rico with the hire of a bankruptcy and financial restructuring attorney based in San Juan.

FCC License Transfer OK Opens Ch. 11 Exit Door For Cumulus

The Federal Communications Commission has paved the way for broadcasting company Cumulus Media to exit Chapter 11, granting its application to transfer control of the radio giant's licenses to its new shareholders.

UK Litigation Roundup: Here's What You Missed In London

The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys f... (more story)

J&J Talc Unit Loses Libel Suit Over Flawed Cancer Study

A Virginia federal judge handed three doctors a win Wednesday in a Johnson & Johnson subsidiary's libel lawsuit over a 2020 study linking cosmetic talc exposure to mesothelioma, finding the subsidiary's eviden... (more story)

Asbestos Spinoff Bestwall Avoids Ch. 11 Trustee Takeover

A bankruptcy judge in North Carolina won't appoint an independent trustee to take over the Chapter 11 case of Georgia-Pacific spinoff Bestwall, dealing a blow to a group of mesothelioma patients who argued a t... (more story)

777 Partners Can Tap DIP, But Competing Offers Remain

Investment firm 777 Partners received interim approval to access $600,000 in debtor-in-possession financing Thursday, but a Texas bankruptcy judge reserved a decision on who would be providing the remaining $8... (more story)

American Efficient Asks Court To Sanction Grid Operator

North Carolina-based energy efficiency aggregator American Efficient asked the bankruptcy judge overseeing its Chapter 11 case in the state to sanction grid operator PJM Interconnection LLC for withholding rou... (more story)

Mid Cap More

Prime Core Customer Can't Duck $70M Clawback Suit

Cryptocurrency platform Plutus must face a $70 million clawback lawsuit from the litigation trust for Prime Core, the Delaware bankruptcy court has ruled, finding the trust's complaint contained pleadings with... (more story)

Simry Ch. 11 Dismissal Bid Put Off Pending More Briefing

A New York bankruptcy judge deferred a decision on dismissing the Chapter 11 case from Simry Realty Corp. Thursday, instead asking for more evidence and supplemental briefing before making such a decision.

Fashion Biz Founder Gets 5 Years For Large-Scale Fraud

A federal judge in New York sentenced the founder of bankrupt apparel company CaaStle to five years in prison on Thursday after she admitted to deceiving investors about the prospects of her supposed $1.4 bill... (more story)

Sangamo Ch. 11 Auction Nets $238M In Offers

A Delaware bankruptcy judge Thursday agreed to approve a trio of sales that will bring in $52 million in cash for Sangamo Therapeutics, after attorneys representing the life sciences group told the court a com... (more story)

Camp Mystic Fights Families' Bids To Remand Flooding Suits

Camp Mystic is urging a Texas federal court to reject bids to return wrongful death lawsuits over flooding fatalities there last summer to state court, saying federal law is clear that personal injury and wron... (more story)

Conscious Content's $3M DIP Boost Faces Creditor Pushback

A Delaware bankruptcy judge Thursday said he would consider ed-tech company Conscious Content Media's request for $3 million in additional Chapter 11 financing next week, after the creditors committee pushed b... (more story)

5 Bankruptcy Attys Join GrayRobinson From Fla. Boutique

GrayRobinson PA announced Thursday that a team of five bankruptcy attorneys, including three shareholders, has joined the firm's Boca Raton, Florida, office from a recently shuttered boutique.

Oklahoma Apartment Owner Pushes For Trustee In YSA Ch. 11

The owner of an Oklahoma apartment complex asked a bankruptcy judge on Tuesday to appoint a Chapter 11 trustee in the insolvency case of YSA Investments 1 LLC, saying ongoing litigation and questions about the... (more story)

Ed Tech Co. Conscious Content Seeks $3M DIP Boost

Education technology firm Conscious Content asked a Delaware bankruptcy judge Wednesday to let it take out $3 million in new Chapter 11 financing, telling the court the company needs the additional cash while ... (more story)

Jackson Walker Says US Trustee Can't Claw Back Legal Fees

Jackson Walker said this week that the U.S. Department of Justice's bankruptcy watchdog is beyond the bounds of its authority in a yearslong effort to force the firm to return millions of dollars in legal fees... (more story)

Expert Analysis

Addressing Merchant Cash Advances In Subchapter V

As regulatory enforcement continues and more small businesses turn to Subchapter V bankruptcy to manage merchant c... (more story)

Being In A Band Made Me A Better Lawyer

Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped d... (more story)

Correctional Healthcare Requires Clearer Legal Standards

As the correctional healthcare industry increasingly faces financial instability due to litigation, the U.S. Burea... (more story)