To access this content, a subscription to Bankruptcy Authority is required.
Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd
Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.
What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
Eviction, Unpaid Claims Spurred Electric Playhouse's Ch. 11
Amid a pending eviction and millions of dollars in claims from contractors involved in its buildout, Electric Playhouse, an arcade and dining business, filed for Chapter 11 bankruptcy protection in Nevada just one year after opening its Las Vegas Strip location.
Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd
Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.
What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
Eviction, Unpaid Claims Spurred Electric Playhouse's Ch. 11
Amid a pending eviction and millions of dollars in claims from contractors involved in its buildout, Electric Playhouse, an arcade and dining business, filed for Chapter 11 bankruptcy protection in Nevada just one year after opening its Las Vegas Strip location.
Expert Analysis
A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to ref... (more story)
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, ... (more story)
Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while ex... (more story)
Large Cap More
A Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing ... (more story)
Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.
The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin ... (more story)
The state of Texas said it was appealing a bankruptcy judge's decision earlier this month blocking its attempt to hold General Motors liable for data privacy violations allegedly committed by its predecessor b... (more story)
Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs i... (more story)
A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital ch... (more story)
With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting... (more story)
While artificial intelligence holds promise for improving court efficiency, its current limitations, including inaccuracies and ethical concerns, make human judgment indispensable in legal proceedings, a group... (more story)
Silicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 20... (more story)
A Texas bankruptcy judge on Thursday blocked a bid by the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services to cut off payments for one of Genesis Healthcare's skilled nu... (more story)
Mid Cap More
Dolphin experience park owner Leisure Investments Holdings LLC received a Delaware bankruptcy judge's approval Monday for a more than $4.5 million sale of a Panama City Beach, Florida, park that is no longer o... (more story)
Aviation business GAI Air has filed for Chapter 11 protection in Texas bankruptcy court with more than $6.5 million in debt, blaming a nearly $2.8 million state court judgment stemming from a failed joint venture.
Gordon Rees Scully Mansukhani LLC has apologized to an Alabama bankruptcy court for a filing submitted by one of its lawyers that contained mistakes it blamed on artificial intelligence, saying it's "profoundl... (more story)
PrimaLend Capital Partners LP, a lender to auto dealerships, received interim approval for $16 million of Chapter 11 financing from its senior secured lenders after a Texas bankruptcy judge overruled an object... (more story)
The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stol... (more story)
RunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the... (more story)
A New Jersey property owner has put several of its office and industrial properties into Chapter 11, according to multiple petitions filed in New Jersey bankruptcy court.
Two companies affiliated with the former Hudson Hotel near Manhattan's Columbus Circle have filed for Chapter 11 protection in Delaware, listing between $100 million and $500 million each in both assets and liabilities.
Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt tha... (more story)
Business services company Firstbase.io urged a New York bankruptcy judge Thursday to reject an equity-swap Chapter 11 plan proposed by a creditor, arguing the debtor should be allowed additional time to court ... (more story)