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Meet The Attys Guiding Plastics Producer Klöckner In Ch. 11
Attorneys from Kirkland & Ellis LLP and Porter Hedges LLP are steering European plastic packaging maker Klöckner Pentaplast Verwaltungs GmbH through bankruptcy as the company aims to trim about €1.3 billion ($1.5 billion) of debt from its balance sheet.
Under The Radar: Bankruptcy News You May Have Missed
A Firstbase.io creditor asked a judge to rethink approving another creditor's Chapter 11 plan for the debtor, Revlon is looking to quash an injury suit by invoking its plan's injunction mechanism, and the U.S. Trustee's Office encouraged a judge to reject Yellow's Chapter 11 plan.
Balcon Salon Ch. 11 Tied To Construction Woes, Slow Sales
Just two years after opening in Manhattan's Hell's Kitchen neighborhood, Balcon Salon is facing a Chapter 11 restructuring after unexpected construction delays and softer sales it attributed to a downturn in alcohol consumption.
Large Cap More
It's a confirmation-seeking bonanza in the coming week as the Archdiocese of New Orleans will come to court for a pretrial conference related to its bankruptcy plan, Purdue will seek confirmation of its Chapte... (more story)
Solar energy developer Pine Gate Renewables has filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt and a plan to sell its business during the case.
Auto parts company First Brands told a Texas bankruptcy judge on Thursday it had reached a deal to resolve unsecured creditor objections to its $5.2 billion Chapter 11 financing package by reducing the rollup ... (more story)
The brother of disgraced attorney Tom Girardi and the trustee for their now-defunct law firm, Girardi Keese, have reached an agreement resolving John Girardi's claim seeking legal fees for cases he worked on a... (more story)
The embattled wind-down trustee for defunct life insurance bond seller GWG Holdings in a Houston Chapter 11 case has resigned from the role amid the fallout from her secret romance with a then-bankruptcy judge... (more story)
Mexican airline Aeroméxico began trading publicly on Thursday after raising $223 million in its initial public offering, also announcing that it had raised an additional $25 million in a private placement.
Cole Schotz PC has added a litigator in Delaware from Wilmington-based Seitz Van Ogtrop & Green PA to expand its capacity to advise clients in commercial, bankruptcy, intellectual property and construction matters.
Maron Marvel Bradley Anderson & Tardy LLC has added a new partner to serve as the firm's managing attorney in Houston, who previously spent more than four years as shareholder-in-charge of the Houston office o... (more story)
The Teamsters once again must face Yellow Corp.'s allegations that the union drove the trucking company into bankruptcy by holding up a corporate restructuring, with a Tenth Circuit panel reviving Yellow's $13... (more story)
The unsecured creditors committee for bankrupt auto parts company First Brands objected to the debtor's bid for final postpetition financing approval, saying the proposed arrangement almost solely benefits the... (more story)
Mid Cap More
A Texas bankruptcy judge signed off Friday on Cajun restaurant chain Razzoo's bid to borrow $4 million in financing in Chapter 11, funds the company will use to support itself as it works to sell its assets.
Bankrupt cryptocurrency miner Core Scientific has reached a $14.75 million agreement to settle proposed class action claims brought by an investor in the special purpose acquisition company that made a $4.3 bi... (more story)
At a first-day hearing Thursday, a Texas bankruptcy judge asked debtor Five Star Development LLC to consider an alternative Chapter 11 financing package from a prepetition lender it has accused of fraud and re... (more story)
Village Roadshow, which produced titles like "The Matrix" and "Joker," can sell its derivative film rights for $18.5 million, a Delaware bankruptcy judge decided, overruling an objection from the debtor's form... (more story)
Aerospace company Xeriant Inc. is petitioning the U.S. Supreme Court to hear a lawsuit over a stock-as-collateral loan it entered into with Auctus Fund LLC, arguing the Second Circuit's dismissal of the case c... (more story)
Guardian Elder Care's unsecured creditors committee urged a Pennsylvania bankruptcy judge to deny the nursing home operator's latest request to extend its exclusive window to propose a Chapter 11 plan, arguing... (more story)
A pair of former executives at e-commerce company Volusion LLC have hit Jackson Walker LLP with the latest in a series of suits accusing the firm of legal malpractice stemming from the undisclosed romance betw... (more story)
Renovo Home Partners, a company that rolled up home improvement businesses while backed by private equity, has filed for Chapter 7 in Delaware bankruptcy court, declaring up to $500 million in debt across almo... (more story)
Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.
The owner of a vessel that ran aground cannot overturn a judgment finding that MS Amlin Marine NV doesn't have to pay out to a company it insured because the insolvent business failed to pay a $47 million arbi... (more story)