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Meet The Attys Setting Diamond Co. Lugano's Ch. 11
Lugano Diamonds & Jewelry Inc., a luxury jewelry designer, filed for bankruptcy in Delaware with plans to sell the business in the wake of fraud allegations against its founder. Guiding it through Chapter 11 is a team of attorneys with Keller Benvenutti Kim LLP and Young Conaway Stargatt & Taylor LLP.
Under The Radar: Bankruptcy News You May Have Missed
A Texas bankruptcy judge ruled claims against Wellpath's parent were released by its Chapter 11 plan, companies tied to the Hudson Hotel sought over $12 million and the Fifth Circuit rejected a decision that a bankruptcy court had jurisdiction over a post-confirmation contract dispute.
Bankrupt Diamond Co. Was Undone By CEO Fraud Claims
Behind the glittering facade of Lugano Diamonds were fraudulent diamond investments and accounting irregularities that have landed the luxury jewelry house in bankruptcy, court documents and financial disclosures show.
Large Cap More
Rusoro Mining has accused Gold Reserve, a fellow creditor of Venezuela, of trying to undermine an auction process in Delaware federal court for Citgo Petroleum Corp.'s parent company "in any manner possible, and at any cost."
A doctor being sued by Johnson & Johnson's bankrupt talc subsidiary pushed back on the unit's bid to revive its trade libel claim over a scientific article she wrote linking asbestos in talc to mesothelioma, a... (more story)
Healthcare services and technology group Modivcare is gearing up for a contentious December Chapter 11 plan confirmation hearing in Texas, where it faces unsecured creditors' objection to a $1 billion debt-for... (more story)
Nicklaus Companies LLC, the sporting gear company founded by golf legend Jack Nicklaus, and 11 affiliates filed for Chapter 11 bankruptcy in Delaware on Friday, listing between $500 million and $1 billion of e... (more story)
The Third Circuit on Friday backed the denial of $21 million in counsel fees to the Coalition of Abused Scouts for Justice as tort claimants in the Boy Scouts of America's bankruptcy case, ruling that the orga... (more story)
A Florida federal judge signed off on a bid to file new claims against Fenwick & West LLP by victims of the infamous FTX Trading Ltd. cryptocurrency scam after they argued that new information had emerged abou... (more story)
The former head of the U.S. Department of Justice's bankruptcy watchdog program had her appeal challenging her abrupt firing dismissed, at least for now, while a federal agency mulls questions around executive... (more story)
In recently expanding the size of its office in Wilmington, Delaware, Chipman Brown Cicero & Cole LLP said the renovated space was designed with "productivity and comfort in mind."
The New York bankruptcy judge overseeing Eletson Holdings' Chapter 11 case has raised sanctions against three Cypriot corporations connected to the shipping company's former owners to $5,000 a day for failing ... (more story)
A Delaware bankruptcy judge has approved Marriott International Inc.'s limited management intervention in a sudden liquidation by former short-term rental partner Sonder Hospitality Holdings, after Marriott ci... (more story)
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A Florida federal bankruptcy judge Friday declined to halt an adversary class-action against a Texas bank accused of aiding the alleged $100 million theft from a special needs trust, allowing document discover... (more story)
A Texas bankruptcy judge Friday approved amended Chapter 11 financing for auto dealership lender PrimaLend Capital Partners that smooths over new objections from unsecured creditors by suspending debt payments... (more story)
An Alabama bankruptcy judge won't sanction Gordon Rees Scully Mansukhani LLC for a filing submitted by one of its former lawyers that contained mistakes blamed on artificial intelligence, but has reprimanded t... (more story)
The First Circuit affirmed a jury's finding that a nine-foot-long, rhinestone-encrusted piano used by entertainer Liberace belongs to musical instrument maker Gibson and not a Massachusetts man.
A New York bankruptcy judge agreed Thursday to approve sale procedures for the insolvent owner of the NoMo SoHo Hotel in Manhattan, setting it on a path to wrap up the process in just 20 days.
Noteholders of Village Roadshow Entertainment Group, the bankrupt company that co-produced blockbuster films including "The Matrix," have lashed out at an effort by Warner Bros. to sue them, saying it would ef... (more story)
Delaware Chancellor Kathaleen St. J. McCormick granted final approval Thursday to a pair of settlements totaling more than $33 million, including more than $1.8 million in fees and expenses, resolving years of... (more story)
Xinyuan Real Estate, a developer based in Beijing, has until next Wednesday to respond to an involuntary bankruptcy petition that three of its creditors brought in April alleging the company is in default on $... (more story)
The Second Circuit has backed the dismissal of mismanagement and fraud counterclaims lodged by a real estate investment trust and its subsidiary in a dispute involving a collateralized loan-obligation investme... (more story)
Unlockd Media has become at least the second Google antitrust foe to seek the recusal of U.S. District Judge Haywood S. Gilliam Jr. over his close relationship with Google's vice president for litigation and discovery.