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Meet The Attys Guiding El Paso Diocese Through Ch. 11
A team of Husch Blackwell LLP attorneys will be guiding the Catholic Diocese of El Paso through Chapter 11 as it seeks a central forum to handle 12 pending sexual abuse lawsuits from 18 plaintiffs involving allegations from 1956 to 1982.
What's Happening In Bankruptcy Court This Coming Week
In the week ahead, bankruptcy courts will consider issues including the Chapter 11 financing of senior-living provider Inspired Healthcare and label maker Multi-Color, multiple fee dispute settlements with Jackson Walker, and whether Fat Brands' CEO should be suspended.
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.
Large Cap More
A private equity investment firm has asked the Delaware Chancery Court to block two former sellers of behavioral health facilities from pursuing a parallel lawsuit in California, arguing that the claims violat... (more story)
Raizen SA, the largest producer of ethanol in Brazil, and several affiliates filed for Chapter 15 recognition in New York on Thursday with 65.1 billion reais, or about $12 billion, of debt, after striking a pr... (more story)
A New York bankruptcy judge approved arrest warrants for a group of former shareholders of reorganized debtor Eletson Holdings Inc. who were directors of an entity purporting to control the company post-bankru... (more story)
Bankrupt restaurant chain owner FAT Brands filed proposed sale and bidding procedures calling for a sale of its assets to close by early May, while saying it is working with its creditor groups on the final fo... (more story)
A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee th... (more story)
A Texas bankruptcy judge Friday approved the sale of First Brands' small engine part group Walbro as the car parts giant continues stakeholder talks in hopes of charting a consensual course out of Chapter 11.
The trustee administering the bankruptcy estate of exiled Chinese billionaire Miles Guo has asked a Connecticut judge to approve settlements against law firms Hogan Lovells International LLP, Troutman Pepper L... (more story)
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)
Mid Cap More
A state law that stripped a Pennsylvania city of its ability to appoint all the members of its water authority's board was unconstitutional, the bankrupt city of Chester said in a Pennsylvania Commonwealth Cou... (more story)
World Cafe Live, a nonprofit live performance venue in Philadelphia, got a Pennsylvania bankruptcy judge's permission Friday to fund its Chapter 11 proceeding for two weeks after it filed for bankruptcy protec... (more story)
The owner of two Chicago hotels can access its senior lender's cash collateral to fund its Chapter 11 case, a Delaware bankruptcy judge said Friday, while a decision on BY Hotel SPE-3 LLC's proposed $1 million... (more story)
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)
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)
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)
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 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.
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.