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First Brands Pros Rack Up Over $132M Of Fees In 3 Months
Attorneys and other professionals working on the bankruptcy of car parts supplier First Brands Group tallied more than $132 million of fees and expenses in just over the first three months of the case, according to court filings.
Meet The Attys Guiding Chemical Co. Viridis' 'Free-Fall' Ch. 11
Renewable-chemicals maker Viridis filed for bankruptcy protections earlier this week, seeking a breathing spell after hitting bumps relocating a manufacturing plant. Guiding it in Chapter 11 are a team of Vinson & Elkins LLP attorneys.
Cumulus Ch. 11 Came Amid Antitrust Suit, Audience Shifts
As radio giant Cumulus was looking into restructuring options that ultimately led it to Chapter 11 last week, it was also kicking off litigation against audience analytics giant Nielsen, a longtime vendor.
First Brands Pros Rack Up Over $132M Of Fees In 3 Months
Attorneys and other professionals working on the bankruptcy of car parts supplier First Brands Group tallied more than $132 million of fees and expenses in just over the first three months of the case, according to court filings.
Meet The Attys Guiding Chemical Co. Viridis' 'Free-Fall' Ch. 11
Renewable-chemicals maker Viridis filed for bankruptcy protections earlier this week, seeking a breathing spell after hitting bumps relocating a manufacturing plant. Guiding it in Chapter 11 are a team of Vinson & Elkins LLP attorneys.
Cumulus Ch. 11 Came Amid Antitrust Suit, Audience Shifts
As radio giant Cumulus was looking into restructuring options that ultimately led it to Chapter 11 last week, it was also kicking off litigation against audience analytics giant Nielsen, a longtime vendor.
Expert Analysis
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Large Cap More
The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity comp... (more story)
Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was so... (more story)
A Texas bankruptcy judge directed auto parts supplier First Brands Group on Thursday to transfer $25.7 million back into a segregated account set aside for third-party factoring lender claims to provide those ... (more story)
More than a year after launching an office in Delaware, boutique litigation firm Esbrook PC is moving into a bigger, updated space with room to expand its roster of attorneys in the First State, firm leaders t... (more story)
Bankrupt aircraft parts maker Incora has sued several of its insurers for coverage of legal costs incurred by the debtor in a dispute over a prepetition uptier transaction, saying it is owed $30 million under ... (more story)
Skadden Arps Slate Meagher & Flom LLP announced on Thursday that it has added two attorneys who have experience with complex debt financing transactions from Paul Hastings LLP, with Skadden calling the hires a... (more story)
A minority group of lenders to Del Monte Foods are objecting to the canned food giant's Chapter 11 plan disclosures, saying the disclosure is uninformative and the proposed plan hopelessly unfair to their interests.
The troubled tale of New Jersey-based apartment building owner CBRM Realty Inc. has taken another turn as White & Case LLP objected to a move by the debtor's wind-down officer to resign.
A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in def... (more story)
A New York bankruptcy judge on Wednesday gave bankrupt air carrier Spirit Airlines permission to put 20 of the 48 aircraft it owns on the auction block next month with a baseline bid set at more than half a billion dollars.
Mid Cap More
A Delaware judge Thursday gave an Olympic medalist-founded startup track-and-field league permission to send its equity-swap Chapter 11 reorganization plan out for a creditor vote, overruling claims the plan i... (more story)
A Delaware bankruptcy judge said Thursday she needed additional evidence from two entities tied to the former Hudson Hotel about their intention for the property, declining to decide whether the parties face a... (more story)
A Delaware bankruptcy judge Wednesday allowed the owner of Colorado's Glenwood Caverns Adventure Park to appeal in state court a $116 million wrongful death judgment that sent the company into Chapter 11.
Fifth Third Bank, a secured lender to bankrupt liquor maker Stoli Group USA LLC, has opposed the official committee of unsecured creditors' request to seek new Chapter 11 trustees.
Avenger Flight Group, an insolvent flight training provider, told a Delaware bankruptcy judge Wednesday it has reached a global settlement with creditors that will allow the debtor to complete an asset sale, s... (more story)
The Catholic Diocese of El Paso filed for Chapter 11 relief in Texas as it faces 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
Southdown Properties Inc., a Pennsylvania developer, has filed for Chapter 11 protections with between $1 million and $10 million in estimated liabilities and assets.
A Delaware bankruptcy judge has ordered the Chapter 11 case of vegan restaurant group Planta to be converted to a Chapter 7 liquidation, after the debtor said it has no other option.
A New York bankruptcy court Tuesday pushed back the disclosure statement hearing in the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition, after the debtor said it is continuing to n... (more story)
A Florida federal judge Monday sanctioned a businessman and his attorney for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using the documents to put ... (more story)