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Expert Analysis

5 Critical Changes Coming To Bankruptcy Rule 3002.1

Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 tak... (more story)

What 2 Profs Noticed As Transactional Law Students Used AI

After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, w... (more story)

Law School's Missed Lessons: Negotiation Skills

I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, whe... (more story)

Large Cap More

Genesis, Unsecured Creditors Lock Horns On Final Ch. 11 DIP

Bankrupt nursing home operator Genesis urged a Texas bankruptcy judge Thursday to not delay final approval of its $30 million debtor-in-possession loan, fending off arguments from its unsecured creditors commi... (more story)

BlockFi Judge Urged To OK $13M Deal As Objector Withdraws

Investors who reached a $13.2 million settlement with the failed cryptocurrency lender BlockFi Inc. have urged a federal judge to move forward with the plan now that a class member has withdrawn his objections to the deal.

Claire's Gets Interim Approval For $22.5M DIP Facility

A Delaware bankruptcy judge on Thursday gave interim approval to bankrupt jewelry chain Claire's to receive a $22.5 million debtor-in-possession facility from a private holding company that plans to buy the ma... (more story)

McKesson Agrees In Principle To Sponsor Rite Aid Ch. 11 Plan

National pharmacy chain Rite Aid told a New Jersey bankruptcy judge on Thursday that it has reached an agreement with prescription drug supplier McKesson Corp. on a path to end their dispute and move forward w... (more story)

Bankruptcy Trustee Axes RICO Claims Against BakerHostetler

The trustee for the Alliance Health Liquidating Trust has agreed to drop two remaining civil racketeering claims against BakerHostetler in an adversary case stemming from the law firm's representation of a ban... (more story)

Healthcare Co. Modivcare Hits Ch. 11 To Cut $1.1B Of Debt

Technology-enabled healthcare services company Modivcare Inc. filed for Chapter 11 protection in Texas bankruptcy court with plans to recapitalize its balance sheet and cut $1.1 billion of debt.

Judge Keeps Yale-Prospect Medical Sale Feud In Ch. 11 Court

A Texas bankruptcy judge on Wednesday paused Yale New Haven Health Services Corp.'s request to reopen a $435 million Connecticut feud over a deal to purchase three hospitals from debtor Prospect Medical Holdin... (more story)

States Say Kidde-Fenwal Ch. 11 Disclosures Still Inadequate

Attorneys for seven states and Washington, D.C., have told a Delaware bankruptcy court that firefighting foam maker Kidde-Fenwal Inc. failed to meet court-directed disclosure statement requirements for its lat... (more story)

Eletson Gets Fees Paid In Ch. 11 Fight With Ex-Owners

Reorganized shipping company Eletson Holdings Inc. received bankruptcy court approval Wednesday in New York for $1.9 million in fee and expense applications the company spent in litigation with parties that fo... (more story)

Purdue Asks Bankruptcy Court To OK Drug Trial Collaboration

Purdue Pharma LP asked a New York bankruptcy court to allow it to enter a clinical trial collaboration with a nonprofit, saying that doing so would allow Purdue to continue developing a potential treatment for... (more story)

Mid Cap More

Compostable Film Co. Nets Approval Of Ch. 11 Plan

A New Jersey bankruptcy judge has confirmed the liquidation plan of Ohio-based compostable film producer Plastic Suppliers Inc. after a hearing on approval for the slightly amended proposal that will see some ... (more story)

White Forest To Liquidate In Ch. 7 After Failed Mine Sale

A Delaware bankruptcy judge on Friday ordered coal producer White Forest Resources Inc.'s Chapter 11 case to be converted to a Chapter 7 liquidation after the debtor's attempt to sell a metallurgical coal mine fell through.

Nikola SPAC, Related Settlements Reach $33.75M In Del.

A multi-court string of settlements has produced a $33.75 million proposed payout for stockholders who alleged in direct and derivative state and federal actions that they were misled in deals that took electr... (more story)

'Sustainable' Fintech Leader Cops To $248M Investor Fraud

The co-founder of bankrupt financial services company Aspiration Partners Inc. agreed on Thursday to plead guilty to defrauding investors and lenders.

Nikola Ch. 11 Plan Ignores Trump Pardon, Founder Says

Trevor Milton, the founder and former CEO of electric-truck maker Nikola who was convicted of securities fraud, has asked the Delaware bankruptcy court not to allow the company to subordinate his $69 million c... (more story)

Pa. City Water Dept. Fights Bid To Sanction Counsel

The Chester Water Authority has urged a Pennsylvania bankruptcy court to reject the city's bid to recover about $140,000 in attorney fees as sanctions, arguing any delay in producing documents was necessary to... (more story)

AmeriFirst's Global Creditor Settlement Approved In Ch. 11

Bankrupt mortgage lending company AmeriFirst Financial Inc. received court approval on Thursday in Delaware for a global settlement with creditors that resolves two years of legal disputes among the parties an... (more story)

Ore. Whiskey Distillery Asks To Add $500K To Ch. 11 Loan

Portland, Oregon-based whiskey producer House Spirits has asked a Delaware bankruptcy judge for permission to borrow an additional $500,000 in cash to finance its Chapter 11 case, raising the amount of its deb... (more story)

Hooters' Ch. 11 Plan's Approval Held Up By Lags Royalty Row

A Texas bankruptcy judge postponed a decision Wednesday on restaurant chain Hooters of America's Chapter 11 plan amid a dispute over whether creditor Lags Equipment holds a secured claim against the company, a... (more story)

US Trustee Seeks Two-Year Bankruptcy Ban For NYC Pot Club

The U.S. Trustee's Office has urged a New York bankruptcy judge to block a self-described cannabis club from filing for bankruptcy for two years, saying the organization has filed a string of recent Chapter 11... (more story)