To access this content, a subscription to Bankruptcy Authority is required.
100-Year-Old Mich. Group Hits Ch. 11 Amid Dispute With City
A century-old nonprofit organization, community center and event venue in a city just north of Detroit is seeking Chapter 11 Subchapter V relief, after its home city sued the group to stop a sale of its property as it faced declining revenues and increased expenses.
Justices Weigh Ch. 13 Estoppel, NY Diocese Strikes Deal
The U.S. Supreme Court reviewed a ruling that precluded a Chapter 13 debtor from suing a Mississippi company. The Roman Catholic diocese in Albany, New York, announced a $148 million settlement with survivors of childhood abuse. And members of Congress introduced a new bill aimed at curbing forum shopping.
.jpg)
Meet The Attorneys Guiding Lycra Through Ch. 11
Fiber manufacturer The Lycra Co. has recruited an experienced team of bankruptcy attorneys from Linklaters LLP and Haynes Boone to guide it through a prearranged Chapter 11 restructuring.
100-Year-Old Mich. Group Hits Ch. 11 Amid Dispute With City
A century-old nonprofit organization, community center and event venue in a city just north of Detroit is seeking Chapter 11 Subchapter V relief, after its home city sued the group to stop a sale of its property as it faced declining revenues and increased expenses.
Justices Weigh Ch. 13 Estoppel, NY Diocese Strikes Deal
The U.S. Supreme Court reviewed a ruling that precluded a Chapter 13 debtor from suing a Mississippi company. The Roman Catholic diocese in Albany, New York, announced a $148 million settlement with survivors of childhood abuse. And members of Congress introduced a new bill aimed at curbing forum shopping.
Meet The Attorneys Guiding Lycra Through Ch. 11
Fiber manufacturer The Lycra Co. has recruited an experienced team of bankruptcy attorneys from Linklaters LLP and Haynes Boone to guide it through a prearranged Chapter 11 restructuring.
Expert Analysis
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of th... (more story)
For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision... (more story)
.jpg)
Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial r... (more story)
Large Cap More
Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won agains... (more story)
Del Monte Foods has urged a New Jersey bankruptcy judge to deny a lender group's request to certify a settlement order for direct appeal to the Third Circuit, arguing that the group's challenge to the Chapter ... (more story)
A Delaware bankruptcy judge Monday diverted a $100 million settlement payment that bankrupt telecom company Ligado Networks owed to satellite operator Inmarsat into escrow after Ligado alleged Inmarsat breached the deal.
Auto parts maker First Brands is asking a Texas bankruptcy judge for rapid approval of a proposed $25 million sale of several of its filter and windshield wiper brands, saying it has no going-concern offers an... (more story)
The leader of a creditor litigation trust in Steward Health Care's bankruptcy case has launched an adversary proceeding in Texas bankruptcy court against Aetna Health, saying the insurer has refused to pay $6.... (more story)
Lowenstein Sandler LLP announced Monday that it has opened an office in Delaware by bringing on the former leader of Polsinelli PC's bankruptcy and restructuring practice.
A subsidiary of sustainable metal and glass packaging company Ardagh Group has received Chapter 15 recognition in New York of its restructuring proceedings pending in Luxembourg, over an objection from payment... (more story)
A panel of the Second Circuit Court of Appeals reversed a New York judge's $16 billion judgment against Argentina arising from its nationalization of the country's largest oil and gas exploration company, sayi... (more story)
The Roman Catholic Diocese of Albany, New York, has agreed to pay $148 million as part of a settlement reached with a committee of sexual abuse claimants in its Chapter 11, it announced Friday.
A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.
Mid Cap More
The New Jersey Supreme Court has imposed a three-year suspension on an attorney who had a Colorado law practice as a reciprocal discipline for ethics violations related to her conduct representing a client in ... (more story)
Two lawmakers have proposed new legislation in the U.S. House of Representatives to set stricter rules on which jurisdictions a company may declare bankruptcy in, saying reform is needed to curtail debtors sel... (more story)
Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's tran... (more story)
A Delaware bankruptcy judge approved motions Friday allowing e-commerce group Food52 to send its Chapter 11 liquidation plan out for a creditor vote, overruling an objection by the U.S. Trustee's Office to the... (more story)
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on... (more story)
A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code f... (more story)
Two former Kirkland & Ellis LLP restructuring attorneys have joined Simpson Thacher & Bartlett LLP as partners in the capital structure solutions practice.
Three U.S. senators are backing the asbestos claimants of Bestwall in their bid to take their challenge of the Georgia-Pacific spinoff's so-called Texas two-step bankruptcy to the U.S. Supreme Court, saying th... (more story)
An Indian pharmaceutical company is accusing bankrupt New Jersey generic-drug developer InvaTech Pharma Solutions of pocketing hundreds of thousands of dollars of payments due to the Indian company that it rec... (more story)
The U.S. Trustee's Office and a group of creditors have urged a New York bankruptcy judge to reject mining company Vanderbilt Minerals' bid to retain Jones Day as counsel, arguing the law firm is conflicted be... (more story)