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How The Camden Diocese Reached A $180M Abuse Deal
In agreeing to pay $180 million to a trust for clergy sexual abuse survivors, the Roman Catholic Diocese of Camden, New Jersey, and its insurers took a big step toward ending a longtime dispute that put bankruptcy proceedings at the center of victim compensation.
Under The Radar: Bankruptcy News You May Have Missed
Two former executives at Mobileum Inc., which went through bankruptcy in 2024, were charged by federal prosecutors with fraud tied to the company's $915 million sale about two years before. Meanwhile, a group of noteholders raised concerns about telecom company Oi SA's sale plans in Brazil, and PosiGen was hit with objections to its Chapter 11 plan ahead of a confirmation hearing next week.
Catching Up With New Bankruptcy Case Action
A Colorado theme park that is facing a wrongful death judgment, a Florida-based flight simulator company and a Pennsylvania cookie shop chain were among the latest new debtors to seek Chapter 11 relief.
How The Camden Diocese Reached A $180M Abuse Deal
In agreeing to pay $180 million to a trust for clergy sexual abuse survivors, the Roman Catholic Diocese of Camden, New Jersey, and its insurers took a big step toward ending a longtime dispute that put bankruptcy proceedings at the center of victim compensation.
Under The Radar: Bankruptcy News You May Have Missed
Two former executives at Mobileum Inc., which went through bankruptcy in 2024, were charged by federal prosecutors with fraud tied to the company's $915 million sale about two years before. Meanwhile, a group of noteholders raised concerns about telecom company Oi SA's sale plans in Brazil, and PosiGen was hit with objections to its Chapter 11 plan ahead of a confirmation hearing next week.
Catching Up With New Bankruptcy Case Action
A Colorado theme park that is facing a wrongful death judgment, a Florida-based flight simulator company and a Pennsylvania cookie shop chain were among the latest new debtors to seek Chapter 11 relief.
Expert Analysis
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Large Cap More
A Texas bankruptcy judge has approved Luminar Technologies Inc.'s disclosure statement, allowing it to seek votes on its chapter 11 liquidation plan.
Federal prosecutors say bankrupt Chinese exile Miles Guo waived any chance to object to a $1.3 billion preliminary order of forfeiture by waiting six months to object, urging a New York federal judge to reject... (more story)
Sen. Elizabeth Warren, D-Mass., is asking the U.S. Treasury and Federal Reserve to provide a written pledge not to bail out cryptocurrency markets in the face of sliding bitcoin prices, saying such a move woul... (more story)
Pashman Stein Walder Hayden PC announced this week two new Philadelphia-based attorneys on its bankruptcy team who came aboard from Ballard Spahr LLP, pushing the group up to 17 members.
McElroy Deutsch Mulvaney & Carpenter LLP has added a former Delaware Department of Justice attorney to its Wilmington office to bolster its capacity to handle business bankruptcy and insolvency matters.
A Texas bankruptcy judge Wednesday approved solar energy developer Pine Gate Renewables' bid to liquidate its business in Chapter 11, after the debtor sold the bulk of its assets during its roughly three-month-long case.
A group of landlords in Texas bankruptcy court objected to Saks' bid to obtain debtor-in-possession financing for its Chapter 11 plan, saying the proposed budget doesn't include millions the luxury retailer owes in rent.
A group of talc liability claimants on Wednesday asked the Second Circuit to find reorganized cosmetics company Revlon has to pay out for their injury claims despite those claims being filed past the deadline ... (more story)
CCA Construction Inc., a subsidiary of a Chinese state-owned firm, has emerged from Chapter 11, months after a New Jersey bankruptcy judge agreed to approve its settlement with a Bahamian resort developer whos... (more story)
A Texas bankruptcy judge warned an Arizona man that he may have been improperly acting as an attorney for dozens of individuals who filed nearly identical pro se motions in the Chapter 7 case of subprime auto ... (more story)
Mid Cap More
A Canadian flavored air device company is asking a Nevada bankruptcy judge to recognize the Canadian insolvency proceedings it began earlier this month after falling behind in payments from the settlement of a... (more story)
A Delaware bankruptcy judge signaled his intent to confirm the proposed liquidating plan of recreational vehicle refrigerator distributor Norcold LLC on Friday, but raised concerns with the choice of liquidati... (more story)
A Texas bankruptcy judge Thursday said she would sign off on rent-to-own retailer Buddy Mac Holdings' two Chapter 11 sales, bringing in $1.1 million in cash and a credit bid from its secured lender.
A woman facing more than $300,000 in tax bills because her return preparer committed fraud on her filings decades ago asked the U.S. Supreme Court to overturn the Third Circuit's finding that she is responsibl... (more story)
A Florida bankruptcy judge denied a bid to halt an adversary lawsuit alleging that misconduct from the founder of Bang Energy drinks left his company insolvent, saying on Wednesday that no irreparable harm was... (more story)
The litigation trust established by the bankrupt operator of three New Jersey hospitals on Wednesday filed a suit against Cigna in Delaware bankruptcy court, accusing the health insurer of underpaying the hosp... (more story)
A real estate rental agency told North Carolina's high court Wednesday that it didn't miss its chance to collect a $507,000 debt because a decade-long statute of limitations period for judgment renewal was tol... (more story)
Rent-to-own furniture and appliance retailer Buddy Mac Holdings said it had received two offers for its assets, but that its stalking horse bidder decided not to bid on the assets being sought by new bidder SK... (more story)
The U.S. Trustee's Office has urged the Delaware bankruptcy court to block Village Roadshow's attempt to solicit votes on its Chapter 11 liquidation plan, arguing that sweeping third-party releases in the film... (more story)
Vanderbilt Minerals, which mines and processes clay and other materials, has filed for Chapter 11 bankruptcy protection, citing an increase in lawsuits over alleged cancer-causing asbestos in its products.