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Meet Furniture Rental Biz Buddy Mac's Ch. 11 Attorneys
Rent-to-own furniture and appliance retailer Buddy Mac has hired attorneys from Kane Russell Coleman Logan PC to guide it through a Chapter 11 the company recently launched in hopes of reorganizing or selling the business as a going concern to address up to $50 million in debt.
Gol Linhas Plan Overturned, Linqto Cleared To Solicit Votes
A New York federal judge overturned Gol Linhas' Chapter 11 plan over third-party releases. Linqto was cleared to solicit creditor votes on its Chapter 11 plan; AmeriFirst received conditional approval for its disclosure statement despite the Office of the U.S. Trustee's objection. A Missouri judge approved 23andMe's $16.5 million cyber insurance buyback settlement.
Gol Linhas Ruling Set To Roil Post-Purdue Release Landscape
A federal judge's decision this week that Brazilian airline Gol Linhas' Chapter 11 plan releases were nonconsensual could have sweeping effects on how debtors secure valuable liability waivers in bankruptcy, complicating the question of what counts as consent under the U.S. Supreme Court's Purdue Pharma ruling, experts told Law360.
Meet Furniture Rental Biz Buddy Mac's Ch. 11 Attorneys
Rent-to-own furniture and appliance retailer Buddy Mac has hired attorneys from Kane Russell Coleman Logan PC to guide it through a Chapter 11 the company recently launched in hopes of reorganizing or selling the business as a going concern to address up to $50 million in debt.
Gol Linhas Plan Overturned, Linqto Cleared To Solicit Votes
A New York federal judge overturned Gol Linhas' Chapter 11 plan over third-party releases. Linqto was cleared to solicit creditor votes on its Chapter 11 plan; AmeriFirst received conditional approval for its disclosure statement despite the Office of the U.S. Trustee's objection. A Missouri judge approved 23andMe's $16.5 million cyber insurance buyback settlement.
Gol Linhas Ruling Set To Roil Post-Purdue Release Landscape
A federal judge's decision this week that Brazilian airline Gol Linhas' Chapter 11 plan releases were nonconsensual could have sweeping effects on how debtors secure valuable liability waivers in bankruptcy, complicating the question of what counts as consent under the U.S. Supreme Court's Purdue Pharma ruling, experts told Law360.
Expert Analysis
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Large Cap More
A Delaware bankruptcy judge on Monday sided with three entities targeted in a $27 million clawback action by the FTX Recovery Trust and cut them from the case, saying the trust had not proven they are alter eg... (more story)
A New York bankruptcy judge on Monday said he will approve a move by Spirit Airlines to transfer two of its four preferential gate assignments at Chicago's O'Hare International Airport to American Airlines for $30 million.
A federal appellate judge has upheld the Delaware bankruptcy court's decision to pay out almost nothing on $800 million in claims against collapsed cryptocurrency exchange FTX, agreeing with the bankruptcy jud... (more story)
Former national drugstore chain Rite Aid asked a New Jersey bankruptcy judge to sign off on the sale of its name, social media accounts and customer loyalty data for $7.8 million.
A Florida federal judge allowed Carlton Fields and its attorneys on Monday to withdraw from representing the plaintiffs in a dispute over the ownership of the Miss America pageant, after the firm said "irrecon... (more story)
Mineral producer Imerys Talc America has told the Delaware bankruptcy court it is planning to combine its reorganized debtors under a so-called merger toggle in its proposed Chapter 11 plan, a maneuver the lea... (more story)
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and ga... (more story)
A Louisiana bankruptcy judge on Monday approved the Roman Catholic Archdiocese of New Orleans' Chapter 11 plan, allowing it to go forward with a $230 million settlement with sexual abuse claimants.
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how energy scarcity is affecting data center deals.
A New Jersey federal judge Friday gave final approval to a $13.2 million settlement with investors seeking damages for their business with the failed cryptocurrency lender BlockFi Inc., awarding $10,000 to eac... (more story)
Mid Cap More
A telecommunications company cannot deduct over $3 million as a loss tied to a subsidiary's bankruptcy proceedings, the U.S. Tax Court ruled Monday, holding that the amount must be reported as capitalized expe... (more story)
Counsel for US Magnesium told a Delaware bankruptcy judge Monday that the debtor has met with several regulatory agencies ahead of a hearing next week to convert the case to a Chapter 7 liquidation, but that t... (more story)
The U.S. Supreme Court announced Monday that it will not take up an Indiana couple's bid for a bankruptcy court to review the legality of a tax debt, maintaining an appellate split on the power of bankruptcy c... (more story)
US Magnesium's unsecured creditors committee has once again urged a Delaware bankruptcy judge not to give final approval to the former magnesium producer's $10 million Chapter 11 loan, saying it only benefits ... (more story)
Rent-to-own furniture and appliance retailer Buddy Mac Holdings and several affiliates have filed for Chapter 11 protection in Texas bankruptcy court with up to $50 million in debt.
Stinson LLP has again expanded its attorney roster in its Los Angeles office that opened earlier this year, this time adding two bankruptcy partners from Leech Tishman and a business litigation associate.
A Delaware bankruptcy judge Friday gave a Florida biotechnology company permission to hold an auction in January for the royalty rights to a line of monkey cells being used to develop a smallpox vaccine.
Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.
A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the ... (more story)
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 ... (more story)