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Expert Analysis

If Your AI Vendor Goes Bankrupt: Tackling Privacy And 'Utility'

Because bankruptcies of artificial intelligence vendors will require courts to decide in the moment how to handle ... (more story)

If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access

With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers tha... (more story)

When Bankruptcy Collides With Product Recalls

The recent bankruptcy filing by Rad Power Bikes on the heels of a U.S. Consumer Product Safety Commission warning ... (more story)

Large Cap More

Split 4th Circ. Denies Stay Lift In CertainTeed Unit's Ch. 11

A split panel of the Fourth Circuit on Wednesday upheld lower court rulings that left in place a stay of asbestos injury litigation facing the bankrupt affiliate of building material maker CertainTeed, with th... (more story)

Purdue Pharma Judge Declines To Stay Chapter 11 Plan

A New York bankruptcy judge on Thursday denied motions by personal injury claimants in the Purdue Pharma LP case to stay the opioid maker's Chapter 11 plan, ruling that delaying the deal would be far too costl... (more story)

Watchdog Defends Ex-Alex Jones Atty's Conn. Suspension

A Connecticut judge did not abuse her discretion when she suspended an attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case, the state's professional misconduct... (more story)

BakerHostetler Adds 3 More Dealmakers From Loeb In NY

BakerHostetler announced on Thursday that it is bolstering its transactions bench with three New York-based mergers and acquisitions attorneys from Loeb & Loeb in a move that the firm says strengthens its offe... (more story)

Steward Health Creditor Trust Seeks $56M From Insurers

The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medic... (more story)

Beasley Allen Wants Talc DQ Paused Pending High Court Appeal

Hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder risk appearing in an upcoming trial without their preferred counsel from the Beasley Allen Law Firm, unless a Ne... (more story)

Bankruptcy Court Asked To Keep Nicklaus Biopic Deal Intact

A film production company has urged a Delaware bankruptcy court not to allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of... (more story)

Ex-First Brands Worker Hits Co. With Ch. 11 WARN Act Suit

A former employee at a facility operated by bankrupt auto parts company First Brands Group LLC and one of its subsidiaries has sued the companies, arguing he and workers like him are owed wages and benefits be... (more story)

CCA Gets OK On Ch. 11 Plan After Bahamas Developer Deal

A New Jersey bankruptcy judge Wednesday signed off on Chinese state-owned firm CCA Construction Inc.'s Chapter 11 plan, months after the debtor reached a settlement with a Bahamian resort developer whose $1.6 ... (more story)

Saks Global To Close 9 More Stores In Ch. 11

Saks Global said on Tuesday it plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location in the U.S., as it looks to boost its business through a Chapter 11 restructuring. 

Mid Cap More

Solar Co. PosiGen Control Suit Dismissed In Conn.

A lawsuit accusing Brookfield affiliates of seizing control of solar company PosiGen and driving it deeper into insolvency has been dismissed with prejudice in Connecticut federal court, ending a closely watch... (more story)

Flight Simulator Co. Files Ch. 11 Amid Industry Challenges

Florida-based flight simulator company Avenger Flight Group has filed for Chapter 11 protection in Delaware bankruptcy court, saying airline industry headwinds have left it seeking a sale to deal with more tha... (more story)

NYC Nightclub Gets OK On Ch. 11 Plan With Creditor Deal

The former owner of New York City music venue Brooklyn Mirage secured a Delaware bankruptcy judge's approval Thursday to wind down its business under a Chapter 11 plan after nightclub operator Pacha Group agre... (more story)

Blockchain Biz Archblock Seeks Wind-Down Amid Fraud Suits

Blockchain company Archblock on Thursday told a Delaware bankruptcy judge that it has filed for Chapter 11 bankruptcy, seeking an orderly wind-down in the face of tens of millions of dollars in legal claims.

Hong Kong Co. With No US Assets Denied Ch. 15 Recognition

A Texas bankruptcy judge has denied a motion seeking recognition of a Hong Kong insolvency proceeding for ceramics maker Siu-Fung Ceramics Holdings Ltd., finding the company didn't have any assets in the U.S. ... (more story)

Media Co. Challenges $36M Formula One Award Over Fraud

A media company has asked a California federal judge to stop a British Formula One racing team and related car designer from enforcing a $36 million arbitral award against it, saying it learned during bankrupt... (more story)

FlexShopper OK'd For $15M Ch. 11 Sale

FlexShopper, a lease-to-own consumer purchase financing group, can sell its assets for roughly $15.1 million in Chapter 11, a Delaware bankruptcy judge ruled Wednesday, after the debtor resolved an objection t... (more story)

Pa. City Sues Over Sewers, Urged To Pull Ch. 9 Plan

The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new ... (more story)

Francesca's March IP Auction Set After Altar'd State's $7M Bid

Faith-based clothing retailer Altar'd State can proceed with its $7 million opening bid for the intellectual property of bankrupt women's clothing retailer Francesca's, a New Jersey bankruptcy judge said on We... (more story)

Aleon Seeks Speedy Disclosure OK For Ch. 11 Plan Vote

Recycling company Aleon Metals and its unsecured creditors have urged a Texas bankruptcy court to approve the debtor's Chapter 11 plan disclosure statement before Saturday so that creditors can vote on its terms.