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Bankruptcy experts and attorneys for cannabis companies will be closely watching next Tuesday's Chapter 15 recognition hearing for The Cannabist Co. Holdings, which if approved could provide a novel path for cannabis-related companies to access U.S. bankruptcy court after historically being blocked by marijuana's status as a federally controlled substance.
Wiser Solutions Inc., a software company that collects data from retailers, has tapped lawyers from the firms Hogan Lovells and Thompson Coburn LLP to help it through the Chapter 11 case it began with about $563 million in debt and plans to sell its business to its main lender.
Entities representing groups of opioid claimants in the Chapter 11 case of Purdue Pharma have named their representatives on an oversight board created to implement a public repository of documents related to the national opioid epidemic and Purdue's role in the crisis.
First Brands Group lender Aequum Capital has urged a Texas bankruptcy judge to reject unsecured creditors' bid to extend a deadline for their investigation into liens that Aequum asserted, saying the creditors... (more story)
An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed c... (more story)
Textile developer The Lycra Co. LLC urged a Texas bankruptcy judge to confirm its Chapter 11 plan, saying it recently reached a deal with a subset of creditors to support the plan cutting $1.2 billion from its balance sheet.
Asbestos bankruptcy trusts told the Delaware Supreme Court on Wednesday that Johnson & Johnson, Dow Chemical and other repeat asbestos defendants are trying to turn an old equitable remedy into a sweeping, ind... (more story)
Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.
A New York federal judge has ruled that investors in Argentine oil and gas exploration company YPF SA can use discovery obtained in a decade-long dispute against the country in a parallel $16 billion investor-... (more story)
A New York bankruptcy judge on Tuesday agreed to approve Spirit Airlines' package of wind-down motions after rising fuel costs and unsuccessful efforts to secure federal rescue financing forced it to walk away... (more story)
Unsecured creditors of restaurant group Fat Brands have sued several investors in Texas bankruptcy court asking to pause the company's planned credit bid sale to its debtor-in-possession lender, saying so-call... (more story)
A British business executive on Tuesday asked a Delaware bankruptcy judge to dismiss him from a suit over the disappearance of $533 million from an affiliate of education technology company Byju's, saying ther... (more story)
Johnson & Johnson knew for decades that its baby powder contained asbestos, even as it advertised the product as safe and "pure," attorneys for the families of three women who died of ovarian cancer told a Cal... (more story)
Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its ... (more story)
The International Union of Police Associations AFL-CIO received approval Wednesday in Florida bankruptcy court to modify the automatic stay in its Chapter 11 case to pursue its appeal of an adverse state court... (more story)
Bankrupt battery recycler Ascend Elements Inc. asked a Texas court for approval of a $30 million new money debtor-in-possession loan, with approximately $18 million earmarked for what it says is a crucial land... (more story)
Scarinci Hollenbeck LLC has announced a slate of attorney hires, with two partners, a counsel and a senior associate adding to its bench in bankruptcy, corporate transactions, litigation and other practice areas.
A Delaware bankruptcy judge on Wednesday extended provisional protection to the U.S. assets of Quebec office furniture maker Bestar as it seeks U.S. recognition of its Canadian liquidation proceedings.
A New Jersey federal judge on Tuesday sentenced the former CEO of a now-defunct medical billing company to five years in prison, the statutory maximum penalty, for his role in a $212.5 million scheme to inflat... (more story)
A Houston real estate holding company said its former bankruptcy lawyer negligently handled its Chapter 11 case and broke attorney-client privilege, which the company said helped lead the federal bankruptcy ju... (more story)
A California bankruptcy judge on Tuesday extended the period in which Oroville Hospital has the exclusive right to file a Chapter 11 plan, giving the medical center more time to work on finding a buyer.
Quebec office furniture maker Bestar and its U.S. affiliates Monday asked a Delaware bankruptcy judge for Chapter 15 recognition of its Canadian wind-down proceedings.
A data and research center affiliated with Texas A&M University has asked a Texas bankruptcy court for leave to hire an investment banker to find alternatives to a long-planned sale that has yet to close.
John Powell
The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial ... (more story)
Kenneth Rosen
Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Cha... (more story)
Eric Yakaitis
Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)