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Broadway Producer's Ch. 11 Plan Tests Purdue Ruling Limits
The bankruptcy plan of a Tony Award-winning theater production company is exploring the boundaries of the U.S. Supreme Court's Purdue Pharma decision last year barring nonconsensual liability releases for nondebtors and, if affirmed on appeal, experts say it could become a model for other small businesses looking to reorganize.
Meet The Attys In Medical Transit Co. Modivcare's Ch. 11
Medical transportation company Modivcare has brought together attorneys from Latham & Watkins LLP and Hunton Andrews Kurth LLP to help steer it through a Chapter 11 aimed at addressing $1.1 billion in debt.
Catching Up With New Bankruptcy Case Action
A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30.
Broadway Producer's Ch. 11 Plan Tests Purdue Ruling Limits
The bankruptcy plan of a Tony Award-winning theater production company is exploring the boundaries of the U.S. Supreme Court's Purdue Pharma decision last year barring nonconsensual liability releases for nondebtors and, if affirmed on appeal, experts say it could become a model for other small businesses looking to reorganize.
Meet The Attys In Medical Transit Co. Modivcare's Ch. 11
Medical transportation company Modivcare has brought together attorneys from Latham & Watkins LLP and Hunton Andrews Kurth LLP to help steer it through a Chapter 11 aimed at addressing $1.1 billion in debt.
Catching Up With New Bankruptcy Case Action
A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30.
Expert Analysis
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Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in p... (more story)
Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 tak... (more story)
Large Cap More
A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding.
A Texas bankruptcy judge on Wednesday gave final confirmation to Party City's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office, who argued that the plan improperly reduces ad... (more story)
A New York bankruptcy judge on Wednesday approved the Roman Catholic Diocese of Syracuse's plan to settle its sexual abuse liability for $176 million, saying insurance settlements the diocese has reached in re... (more story)
Fenwick & West LLP has asked a Florida federal judge to shut down a bid by victims of the infamous FTX Trading Ltd. cryptocurrency scam to bring new claims against the firm, calling allegations that it knew ab... (more story)
A Texas bankruptcy lawyer hit back at efforts to oust her as the wind-down trustee for GWG Holdings, saying her involvement in a judicial ethics and romance scandal is unrelated to her work for the former life... (more story)
A group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October.
The Office of the U.S. Trustee has asked a Delaware bankruptcy court to reopen the 2007 bankruptcy case of HomeBanc Mortgage Corp. after $232,390 in funds from bank accounts that were not turned over at the Ch... (more story)
A New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement o... (more story)
Bankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sal... (more story)
Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapt... (more story)
Mid Cap More
Faegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility fo... (more story)
Clinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout... (more story)
The U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if... (more story)
Bankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement resolving Indian company Glocal Healthcare's $200 million adversary proceeding in a bitter feud ov... (more story)
Movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," received a Delaware bankruptcy judge's approval Tuesday to sell its independent studio to... (more story)
An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an... (more story)
The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.
The U.S. Trustee's Office on Monday asked a Texas bankruptcy judge to reject Higher Ground Education Inc.'s request to assume a pre-bankruptcy deal with its lenders, saying the agreement dictates the terms of ... (more story)
A split Third Circuit panel on Friday upheld, 2-1, a New Jersey bankruptcy judge's discretion in reopening Congoleum Corp.'s 2003 Chapter 11 case and barring Occidental Chemical from pursuing Congoleum affilia... (more story)
Issues surrounding adequate protection payments in favor of truck lessors and financiers prevented bankrupt trucking firm Titan CNG LLC from receiving approval on Friday for its cash management motion, with a ... (more story)