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Talc Co. Barretts' Creditors Again Call For End Of Its Ch. 11

The unsecured creditors committee in the Chapter 11 case of Barretts Minerals has accused the former talc supplier's parent of not delivering on its promises to fund the proceeding, asserting that this has lef... (more story)

DC Judge Blocks 2nd Trump Naming Effort At Kennedy Center

A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorializ... (more story)

Insurers Can't Nix $195M Opioid Coverage Bid, Trustee Says

Chubb, Liberty Mutual and Lloyd's of London units and other insurers can't get off the hook for covering the remainder of third-party payor opioid lawsuits against Endo International, a representative for a tr... (more story)

Hughes Says Noteholders' Ch. 11 Plan Proposal Is Illegal

Hughes Satellite Inc. asked a Texas bankruptcy judge to strike a noteholder group's motion to terminate its exclusive right to file a Chapter 11 plan, arguing that the group violated the Bankruptcy Code by pub... (more story)

AirBaltic Gets OK To Tap $162M In Ch. 11 Financing

A New York bankruptcy judge Tuesday gave Latvian carrier airBaltic permission to draw on nearly $162 million in Chapter 11 financing, overruling the objections of bondholders who argued they were facing loss o... (more story)

Judge To OK $581M Genesis Ch. 11 Settlement

A Texas bankruptcy judge on Tuesday agreed to approve a settlement valued at $581 million between nursing home operator Genesis Healthcare and its creditors, allowing the debtor to clear another hurdle on its ... (more story)

Ex-Practical Law Content Lead Joins Brithem As Partner

Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

Trinseo Judge Orders Mediation As He Prepares Ch. 11 Ruling

A Texas bankruptcy judge on Tuesday ordered plastics maker Trinseo and its warring creditors to engage in mediation over a slew of disputes tied to its Chapter 11 plan, encouraging the parties to reach a resol... (more story)

Global Wound Care Settles $1.5B FCA Claims For $525M

Bankrupt specialty medical practice Global Wound Care has agreed to pay up to $525 million to the federal government to resolve False Claims Act claims with a price tag of $1.5 billion, part of a settlement it... (more story)

Cumulus Tells 2nd Circ. Even Brief Stay Of Nielsen Order Is Bad

Cumulus Media says it's going to be irreparably harmed if the Second Circuit doesn't lift the administrative stay it put in place stopping a preliminary injunction that Nielsen is challenging for the second ti... (more story)

Mid Cap More

Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs ... (more story)

Soda Ash Miner's Ch. 11 Asset Sale Approved In Del.

Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

IRS Snubs NY&Co. Bid For COVID Tax Credits In Ch. 11

Before it can make final distributions to unsecured creditors and close up shop, the trustee liquidating the bankruptcy estate of New York & Co.'s former corporate parent has to collect more than $5 million of... (more story)

Canadian Lumber Co. Seeks US OK For $4.75M Sale In Ch. 15

The foreign representative for lumber and forestry products producer Teal Jones Holdings Ltd. asked the Delaware bankruptcy judge in its Chapter 15 case to sign off on an order and $4.75 million sale the repre... (more story)

Insurance Holding Co. Seeks Ch. 15 For Cayman Liquidation

An intermediate insurance holding company based in the Cayman Islands filed for Chapter 15 protection in New York late Monday to preserve its American assets for the benefit of its creditors.

Qui Tam Suit Shadow Slows ProPhase Unit's Ch. 11 Timeline

A New Jersey bankruptcy judge appeared skeptical Tuesday that the bankrupt COVID-19 testing arm of ProPhase Labs could move forward with its current Chapter 11 plan, delaying a disclosure statement hearing by ... (more story)

Kennedy Center Says Only Trump Name Can Avert Bankruptcy

The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising effort... (more story)

Vanderbilt Minerals Defends Ch. 11 Schedule Amid Trust Row

Former talc miner Vanderbilt Minerals told a New York bankruptcy judge on Monday that it intends to file an amended Chapter 11 plan this week and to seek approval to solicit votes from creditors at a hearing i... (more story)

NOLA Archdiocese Can't Keep Board Secret, Trustee Says

The trustee for the abuse claims settlement trust of the Archdiocese of New Orleans wants to compel the church to disclose the names of the members of the internal review board advising it on matters of sexual... (more story)

Detroit, Firefighters Union Win Seniority Appeal

The city of Detroit and its firefighters union have defeated the remaining claims of two firefighters who challenged their treatment after returning from disability retirement, with a Michigan state appeals co... (more story)

Expert Analysis

A Lender's Guide To Fraud: Safeguarding Collateral

Recent bankruptcies illustrate that lenders should strengthen credit covenants, collateral field exams and third-p... (more story)

Lessons For Banks When A Fintech Partner Fails

Recent fintech bankruptcies highlight best practices for how banks can strengthen third-party oversight, data-acce... (more story)

Voyager Ruling Maps Out Ch. 11 Exculpation Lessons

Chapter 11 plan proponents drafting exculpation provisions may benefit from contrasting the exculpatory language r... (more story)