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Meet The Attys In Machine Dealer GT Mid Atlantic's Ch. 11
Groff Tractor Mid Atlantic, a construction equipment dealership operator, is seeking Chapter 11 protection in Texas, estimating between $100 million to $500 million in liabilities. Guiding the private equity-owned group through bankruptcy are two attorneys with Forth Worth-based Bonds Ellis Eppich Schafer Jones LLP.
What's Happening In Bankruptcy Court This Coming Week
Village Roadshow's third proposed sale will go before a judge. A bankruptcy court will consider confirming Heritage Coal's liquidation plan. And a CVS Health subsidiary will seek final approval of its bankruptcy financing.
Under The Radar: Bankruptcy News You May Have Missed
The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.
Meet The Attys In Machine Dealer GT Mid Atlantic's Ch. 11
Groff Tractor Mid Atlantic, a construction equipment dealership operator, is seeking Chapter 11 protection in Texas, estimating between $100 million to $500 million in liabilities. Guiding the private equity-owned group through bankruptcy are two attorneys with Forth Worth-based Bonds Ellis Eppich Schafer Jones LLP.
What's Happening In Bankruptcy Court This Coming Week
Village Roadshow's third proposed sale will go before a judge. A bankruptcy court will consider confirming Heritage Coal's liquidation plan. And a CVS Health subsidiary will seek final approval of its bankruptcy financing.
Under The Radar: Bankruptcy News You May Have Missed
The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.
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Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the real estate deal dynamics influencing the choice of lender counsel, and the law firms that gui... (more story)
The bankruptcy estate handling the wind-down of former financial services provider Kabbage Inc. sued American Express and Kabbage's former directors and shareholders in an attempt to claw back $746 million tha... (more story)
The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.
Latham & Watkins LLP announced Friday that it will be adding three restructuring partners from Ropes & Gray LLP, including one who steered that firm's business restructuring practice.
Blood glucose monitor maker LifeScan has urged a Texas bankruptcy court to confirm a Chapter 11 plan that the debtor said will cut $1.7 billion of its debt and provide $75 million of exit financing, ahead of a... (more story)
A New York bankruptcy judge disqualified Reed Smith LLP from continued work in the Chapter 11 case of reorganized oil and gas shipping company Eletson Holdings on Thursday, saying the law firm's clients no longer exist.
A trustee for Rite Aid Corp.'s bankruptcy estate has sued Walgreens Boots Alliance Inc. and a subsidiary, Walgreen Co., in Delaware Chancery Court, accusing the pharmacy giant of failing to cover tens of milli... (more story)
Illinois' insurance regulator demanded that State Farm turn over data over its homeowners insurance business, the Sixth Circuit affirmed class certification in a dispute over State Farm's payments for totaled ... (more story)
The Office of the U.S. Trustee has urged the swift appointment of an examiner to probe car parts group First Brands' Texas bankruptcy, echoing a creditor's call for an independent investigation into over $2 bi... (more story)
A New Jersey federal judge this week declined to reconsider his order throwing out an attorney's copyright infringement suit against Netflix Inc. over his documentary about sexual abuse in the Boy Scouts of America.
Mid Cap More
Former Insys Therapeutics CEO Michael Babich has consented to a $30 million settlement amid a bankruptcy trustee's efforts to recover tens of millions in damages from company officials tied to Insys' aggressiv... (more story)
A Delaware bankruptcy judge has delayed California property developer SilverRock Development Co. LLC's $65 million asset sale of a 135-acre site in La Quinta, California, to its stalking horse bidder, followin... (more story)
A New York federal judge on Friday dismissed a sexual assault suit against the rapper son of '80s singing star Cyndi Lauper, saying the plaintiff missed her chance to argue against a bankruptcy judge's dischar... (more story)
The Third Circuit declined Friday to reconsider a panel decision allowing the IRS to pursue a woman's unpaid taxes more than 20 years later — well after the normal three-year deadline — because her return prep... (more story)
Firstbase.io's largest creditor is asking a New York bankruptcy judge to reject the company's request to pay nearly $802,000 to Quinn Emanuel Urquhart & Sullivan LLP, saying the debtor is trying to sink the cr... (more story)
The prepetition lenders to bankrupt affiliates of troubled real estate firm CBRM Realty Inc. have asked a New Jersey bankruptcy court to dismiss the Chapter 11, saying that the real goal of the case is to "vau... (more story)
A Delaware bankruptcy judge said Thursday he would grant interim approval to about four more weeks of Chapter 11 financing for US Magnesium after pushing back a hearing to convert the case to a Chapter 7 liquidation.
Northeast Insurance Co., a captive insurer for several hospitals and a Jewish nonprofit, asked a New York bankruptcy judge for Chapter 15 recognition of its Bermuda liquidation filing, saying it was rendered i... (more story)
An Illinois state judge on Wednesday gave the final nod to a settlement deal that includes a $60 million judgment, ending investors' negligence claims against their investment adviser, though claims remain ong... (more story)
The liquidating trust for Kal Freight Inc.'s estate has sued several companies in Texas bankruptcy court, alleging they were complicit in a scheme orchestrated by its former owners to siphon millions of dollar... (more story)