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Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
What's Happening In Bankruptcy Court This Coming Week
Spirit Airlines will ask a New York bankruptcy court for permission to use cash collateral in its latest Chapter 11. A Texas bankruptcy judge will weigh chipmaker Wolfspeed's disclosure and Chapter 11 plan. And courts in Delaware and New York will hold omnibus hearings for SVB Financial Group and Claire's.
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Under The Radar: Bankruptcy News You May Have Missed
FTX's recovery trust sued a former executive to recoup potential fraudulent transfers it alleged were used to buy Maryland real estate. A lender for two bankrupt sand mining companies in Texas asked for the debtors' cases to be moved from the Northern District of Texas to the state's western district. And the city of Pittsburgh raised red flags around the sale of an affordable housing complex through a bankruptcy sale it argued could be abetting fraud.
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
What's Happening In Bankruptcy Court This Coming Week
Spirit Airlines will ask a New York bankruptcy court for permission to use cash collateral in its latest Chapter 11. A Texas bankruptcy judge will weigh chipmaker Wolfspeed's disclosure and Chapter 11 plan. And courts in Delaware and New York will hold omnibus hearings for SVB Financial Group and Claire's.
Under The Radar: Bankruptcy News You May Have Missed
FTX's recovery trust sued a former executive to recoup potential fraudulent transfers it alleged were used to buy Maryland real estate. A lender for two bankrupt sand mining companies in Texas asked for the debtors' cases to be moved from the Northern District of Texas to the state's western district. And the city of Pittsburgh raised red flags around the sale of an affordable housing complex through a bankruptcy sale it argued could be abetting fraud.
Expert Analysis
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Large Cap More
Founders of bankrupt trucking group Pride Group Holdings Inc. have asked a Delaware bankruptcy court to recognize their personal Canadian bankruptcies, saying they filed for Chapter 15 to once again pause liti... (more story)
Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.
A Texas bankruptcy judge approved a settlement Friday in the Chapter 11 case of solar panel business Sunnova that resolves a dispute about its sale of solar energy systems by transferring disputed assets to th... (more story)
Former Jackson Walker LLP bankruptcy clients said Friday that a proposed settlement meant to resolve a dispute regarding the concealed romance between a judge and attorney should go through as planned because ... (more story)
A New York bankruptcy judge on Friday approved the Roman Catholic Diocese of Rochester's $246 million Chapter 11 plan to the sound of applause as a six-year-old effort to craft a plan to pay sexual abuse claim... (more story)
A California bankruptcy judge on Thursday told the unsecured creditors committee in the Chapter 11 of the Archdiocese of San Francisco to refile a complaint seeking to declare parish assets estate property, sa... (more story)
The U.S. unit of Swiss solar-panel maker Meyer Burger secured a Delaware bankruptcy judge's approval Thursday to sell its assets for $28.7 million in Chapter 11, defeating an objection to the deal from unsecur... (more story)
A New Jersey federal judge affirmed a pair of orders tied to approval of the Chapter 11 plan of Invitae Corp., ruling that the bankruptcy court was correct in denying unsecured creditors the right to bring avo... (more story)
A Delaware bankruptcy judge said Thursday he would tentatively approve the latest disclosure statement from bankrupt trucking company Yellow Corp. after it resolved issues with its largest public shareholder, ... (more story)
Bankrupt pharmaceutical company Purdue Pharma LP received approval from a New York judge Thursday to pay more than $17.5 million in employee bonuses, mirroring the bonus structures of the last few years since ... (more story)
Mid Cap More
A Delaware bankruptcy judge Friday approved the Chapter 11 plan of electric-truck maker Nikola Corp., overruling an objection from the company's former CEO that was tied to his treatment under the plan and a p... (more story)
A Delaware bankruptcy judge granted final approval Friday to a bankruptcy financing request from an insolvent subsidiary of The Dolphin Co., allowing the debtor to access up to $129 million, in a ruling that w... (more story)
A Connecticut biotech company has filed a voluntary Chapter 11 petition claiming at least $2.7 million in liabilities, mostly debts to Quinn Emanuel Urquhart & Sullivan LLP and Verrill Dana LLP, after both law... (more story)
A Colorado company has hit a law firm and one of its former bankruptcy attorneys with a legal malpractice suit in Washington federal court, alleging that the defendants' "negligence" caused the business to los... (more story)
A Texas bankruptcy judge Thursday approved residential solar panel financing firm Mosaic's plan to reorganize and hand ownership of its loan servicing business to its secured lender, after no buyers came forwa... (more story)
A New Jersey federal judge said Thursday he will approve a Chapter 11 plan for a troubled real estate investment firm that includes selling an affordable housing complex in Pittsburgh and creating a litigation... (more story)
A Texas bankruptcy judge on Thursday approved two sales of Desktop Metal's remaining U.S. operating assets totaling $7.25 million, as the bankrupt 3D printing company looks to quickly exit Chapter 11.
The Financial Industry Regulatory Authority has filed an enforcement action against two former executives of a subsidiary of bankrupt fintech company Synapse, alleging that they failed to properly supervise th... (more story)
The Third Circuit affirmed a bankruptcy court's order allowing Nationstar Mortgage to proceed with a home foreclosure sale, finding that the homeowner was trying to relitigate the exact same issues she had alr... (more story)
Investors of failed, cryptocurrency-focused Silvergate Bank secured a California federal judge's final approval Wednesday for their $37.5 million settlement of claims alleging the bank misrepresented its safeg... (more story)