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JPMorgan Displaces Wells Fargo Atop Construction Debt Ranks
Ten U.S. banks held $5 billion or more in construction debt on the books as of the end of 2025's third quarter, with several banks trimming that figure from a quarter earlier and Wells Fargo and JPMorgan Chase swapping spots at the top.
Genesis Picks New Stalking Bidder, J&J Gets Libel Hope
Genesis healthcare named its new stalking horse bidder in a rerun of its asset auction, a New Jersey federal judge signaled an intent to restart Johnson & Johnson's libel claim against the author of an article linking talc to mesothelioma and solar energy developer Pine Gate Renewables snagged approval of a $285 million sale of certain assets.
Meet The Restructuring Officer In Lidar Co. Luminar's Ch. 11
As Luminar, a developer of lidar technology used in autonomous vehicles, was facing bankruptcy, it turned to a managing director at Portage Point Partners with experience in restructuring, risk management and financing consultation to guide its recovery.
JPMorgan Displaces Wells Fargo Atop Construction Debt Ranks
Ten U.S. banks held $5 billion or more in construction debt on the books as of the end of 2025's third quarter, with several banks trimming that figure from a quarter earlier and Wells Fargo and JPMorgan Chase swapping spots at the top.
Genesis Picks New Stalking Bidder, J&J Gets Libel Hope
Genesis healthcare named its new stalking horse bidder in a rerun of its asset auction, a New Jersey federal judge signaled an intent to restart Johnson & Johnson's libel claim against the author of an article linking talc to mesothelioma and solar energy developer Pine Gate Renewables snagged approval of a $285 million sale of certain assets.
Meet The Restructuring Officer In Lidar Co. Luminar's Ch. 11
As Luminar, a developer of lidar technology used in autonomous vehicles, was facing bankruptcy, it turned to a managing director at Portage Point Partners with experience in restructuring, risk management and financing consultation to guide its recovery.
Expert Analysis
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate propos... (more story)
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While the construction of data centers that fuel artificial intelligence continues to accelerate, some potential r... (more story)
Large Cap More
A Manhattan federal judge has vacated a $102 million arbitral award issued to international shipping company Eletson Holdings, saying, "The evidence is clear and convincing that Eletson committed fraud in the ... (more story)
Freight company STG Logistics Inc. entered bankruptcy protection in New Jersey with up to $10 billion in liabilities, prison phone company Smart Communications filed for Chapter 11 in Florida in connection wit... (more story)
Former top executives of now-bankrupt solar power equipment company SunPower have settled with investors to end claims in California federal court alleging the company concealed the destitute state of its fina... (more story)
A Texas bankruptcy judge on Monday declined to approve former Tricolor CEO Daniel Chu's attempt to access the subprime lender's directors and officers insurance to pay for his legal expenses as he faces fraud ... (more story)
A bipartisan bill doubling the fixed per-case fees for Chapter 7 trustees is headed to President Donald Trump for a signature, after the U.S. House of Representatives passed it Monday night.
Prospect Medical Holdings Inc. has asked a Texas bankruptcy judge to order the buyer of its California hospitals to cough up $11.6 million owed under an asset purchase agreement inked last year, saying it's at... (more story)
Thompson Coburn LLP announced Monday that it has added three partners and an associate from Gutnicki LLP to bolster its financial restructuring and bankruptcy practice as well as its capacity to handle corpora... (more story)
STG Logistics Inc. and several affiliates filed for Chapter 11 protection in New Jersey bankruptcy court Monday with up to $10 billion in liabilities and an agreement with lenders to significantly trim the com... (more story)
The U.S. Supreme Court on Monday declined to hear arguments from the founder of hedge fund Highland Capital Management that the judge who presided over Highland's bankruptcy case was biased, and that two novel... (more story)
The U.S. Supreme Court said Monday it will not hear an appeal by reorganized rental car giant Hertz Corp. of a Third Circuit decision that it owes $272 million to unsecured creditors from its 2020 bankruptcy.
Mid Cap More
A title insurance company's successful effort to dissolve a previously missed $1.6 million attachment on a piece of property was all that was required to absolve it of liability to a second mortgage lender aft... (more story)
The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of mani... (more story)
A group of debtors affiliated with New York City landlord Pinnacle Group named stalking horse bidder Summit Gold Inc. the winner in an asset auction opposed by the city's new mayor.
Oroville Hospital Monday struck a deal with its landlords to tap into the California hospital's cash for its next two months of lease payments as it works toward a sale in its Chapter 11 case.
The owner of the Dallas Stars hockey franchise lost its bid to reopen the team's 2011 bankruptcy case on Monday when a Delaware judge said a Texas business court is able to deal with an ongoing dispute with th... (more story)
The Roman Catholic Diocese of Buffalo on Friday told a New York bankruptcy judge that a U.S. Trustee's Office proposal that it be required to obtain affirmative consent for claims releases in its Chapter 11 pl... (more story)
Smart Communications, which provides phone and messaging services for inmates in prisons across the country, has filed for Chapter 11 protection in Florida bankruptcy court facing an at least $42 million judgm... (more story)
Norcold LLC told a Delaware bankruptcy court that its disclosure statement should be approved, saying it is truthful and transparent about creditor recoveries.
A business owner has filed a lawsuit accusing five attorneys from five different small California law firms of conspiring with his ex-business partner to steal assets from a company the two had jointly owned.
Debtors connected to the former Hudson Hotel in New York City urged the Delaware bankruptcy court to grant their request to retain DLA Piper as their special counsel for their Chapter 11 case despite objection... (more story)