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What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.
Linqto Collapse Puts Focus On Retail Money In Private Funds
Investment platform Linqto's failed promise to "democratize" private markets by letting regular people buy into hot startups comes as U.S. regulators seem poised to relax rules that reserve such products for institutions and the wealthy, meaning securities rules may soon permit more ventures like it.
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Under The Radar: Bankruptcy News You May Have Missed
A creditor of bankrupt event venue The Chariot objected to the company's disclosure statement, saying it lacks details on how the creditor's secured claim will be treated. Meanwhile, Pride Funding, a lender to companies owned by celebrity house flippers Jennifer and Cesar Pina, urged a New Jersey court to deny their use of cash collateral. And Big Lots Inc. is trying to extend for the third time its exclusive window to file a Chapter 11 plan.
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.
Linqto Collapse Puts Focus On Retail Money In Private Funds
Investment platform Linqto's failed promise to "democratize" private markets by letting regular people buy into hot startups comes as U.S. regulators seem poised to relax rules that reserve such products for institutions and the wealthy, meaning securities rules may soon permit more ventures like it.
Under The Radar: Bankruptcy News You May Have Missed
A creditor of bankrupt event venue The Chariot objected to the company's disclosure statement, saying it lacks details on how the creditor's secured claim will be treated. Meanwhile, Pride Funding, a lender to companies owned by celebrity house flippers Jennifer and Cesar Pina, urged a New Jersey court to deny their use of cash collateral. And Big Lots Inc. is trying to extend for the third time its exclusive window to file a Chapter 11 plan.
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Large Cap More
Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, can access $12 million of a $30 million Chapter 11 financing package, a Texas judge ruled Friday over the o... (more story)
A recovery trust for the bankrupt cryptocurrency exchange FTX filed a Chapter 11 adversary proceeding in Delaware bankruptcy court seeking turnover of $1.3 million worth of $XION digital tokens that the debtor... (more story)
Longtime Florida bankruptcy Judge Laurel M. Isicoff says that one of the great things about being a bankruptcy judge is the ability to give second chances to those who earned them.
A Texas bankruptcy judge agreed Friday to let solar panel company Sunnova Energy International Inc. borrow $90 million in Chapter 11 financing and release pre-bankruptcy lender KKR & Co. from potential claims,... (more story)
The Chapter 11 wind-down plan of former arts and crafts retailer Joann Inc. received approval Thursday in Delaware bankruptcy court without opposition from any party in interest.
The U.S. Trustee's Office argued Thursday the consumer privacy ombudsman in genetic testing company 23andMe's Chapter 11 shouldn't be allowed to hire lawyers from WilmerHale over conflict of interest concerns ... (more story)
The Connecticut Appellate Court will hear former Alex Jones attorney Norm Pattis' second appeal of his already-reduced, two-week suspension for allowing a former associate to send Sandy Hook medical records to... (more story)
Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, and nearly 300 of its affiliates and subsidiaries have filed for Chapter 11 protection with at least $2 bil... (more story)
Customers of recently bankrupt private investment platform Linqto sued its founder and former CEO in New York federal court on Wednesday, alleging in a proposed class action that he disregarded securities laws... (more story)
The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecti... (more story)
Mid Cap More
A Floridian who owes the federal government nearly $28 million, plus penalties and interest, must repatriate funds held in two Bahamian trusts kept in his name and that of his children, the government told a F... (more story)
Dolphin encounter company Leisure Investments Holdings LLC told a Delaware bankruptcy court that its former executives ignored the court's order to submit the debtor's business records, therefore it should imp... (more story)
Defunct telehealth provider Better Therapeutics Inc. has reached a roughly $1 million settlement with a shareholder to end a Delaware Chancery Court suit challenging its take-public merger, according to court filings.
A New Jersey bankruptcy judge said Thursday that he would approve the disclosure statement from the operator of a restaurant and event venue business called The Chariot once it makes certain changes.
A Connecticut bankruptcy judge on Thursday reopened recording artist 50 Cent's 2015 Chapter 11 case but allowed a New York jurist to first decide whether to dismiss a woman's $20 million injury case, setting u... (more story)
A Florida bankruptcy judge approved more than $2.6 million to keep a theater company operating in its second Chapter 11 case on Thursday, allowing the funds to pay for critical vendors and goodwill expenses as... (more story)
Bankrupt tile and stone seller Mosaic Cos. received approval Thursday from a Delaware judge to access $9 million of Chapter 11 financing as it pursues a court-supervised sale of one of its main retail units.
The Eleventh Circuit has revived a case over $3.1 million in debt resulting from a jury verdict finding that two glass companies had copied the designs of another business, saying a lower court was wrong to fi... (more story)
A Florida bankruptcy judge preliminarily approved a $39 million debtor-in-possession financing plan for The Villages Health System LLC, which provides healthcare services to 55,000 residents of the best-known ... (more story)
The company that once owned conservative social media platform Parler will continue to be protected from a $1.6 billion state court lawsuit the company's ousted CEO brought against it, but it will be subject t... (more story)