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A Texas bankruptcy judge's decision this week to award roughly $400 million to lenders excluded from Serta Simmons' controversial "uptier" deal is poised to transform creditor-on-creditor disputes and shift how debtors decide where to seek Chapter 11 protection.
Eye disease treatment developer Clearside Biomedical received confirmation of its Chapter 11 plan. Dish Wireless sought approval for $85 million in financing. And T-Mobile took issue with SiFi Networks' bid procedures motion.
Microbiome treatment developer Finch Therapeutics will ask a Delaware bankruptcy judge to approve a Chapter 11 plan that would allow it to sell all assets to a rival company and exit bankruptcy. Here's a look at the liquidating plan it is hoping to get confirmed.
A Texas bankruptcy judge Friday gave investment platform Linqto permission to transfer its Chapter 11 loan to a customer recovery fund and pay off the balance with securities.
Nearly nine months after placing its U.S. affiliate into Chapter 11, Brazilian waste management and oilfield emergency response conglomerate Ambipar Group is asking a Texas bankruptcy judge to extend U.S. reco... (more story)
Jewelry house Lugano Diamonds will seek approval of its bankruptcy plan disclosure, as will battery recycler Ascend Elements, and drug research company Inotiv Inc. will ask for confirmation of its Chapter 11 plan.
The growing expense of Chapter 11 has compelled distressed companies to search for ways to avoid protracted bankruptcies this year, and their attempts to cut down on costs have sparked some of the biggest surp... (more story)
Bradley Arant Boult Cummings LLP has added an Arnall Golden Gregory LLP partner in its Atlanta office, strengthening its bankruptcy and creditors' rights practice with an attorney who brings more than 25 years... (more story)
A Fifth Circuit panel pressed an entity related to Highland Capital to explain why a fraudulent transfer claim against Highland's former CEO should stand following a separate consent judgment, asking when the ... (more story)
DAMIS Holdings won permission from a New Jersey bankruptcy judge Thursday to extend the use of its cash for another two weeks, after the debtors wrested control of the initially chaotic Chapter 11 case and as ... (more story)
The former CEO of bankrupt mattress company Sleep Number Corp. will be permitted to submit a bid to acquire the assets of the business after entering the process at the eleventh hour Thursday.
Levona Holdings has urged a New York federal judge to order Reed Smith LLP and Greenberg Traurig LLP to turn over privilege logs in discovery related to the company's motion for sanctions, saying there are "re... (more story)
A Texas bankruptcy judge said Wednesday creditors of EchoStar Corp.'s bankrupt video distribution and wireless network units should be able to conduct discovery of the debtors before they seek approval of Chap... (more story)
A Connecticut federal judge clarified that her recent ruling putting a hold on $57.4 million in clawback litigation from the Chapter 7 trustee of pump manufacturer The Nash Engineering Co. does not apply to ei... (more story)
The Chapter 7 trustee of bankrupt government contractor Team Systems International on Friday outlined his fraud allegations against the company's former leadership during closing arguments in a $14 million cla... (more story)
Some stockholders of AI-powered staffing firm Joonko Diversity have urged a Delaware bankruptcy court to order the company's insolvency plan administrator to provide full access to an unsealed version of a rep... (more story)
Privately-owned telecommunications company SiFi Networks America LLC can access $3.4 million in Chapter 11 financing from its prepetition lender and stalking horse bidder, a Delaware bankruptcy judge has determined.
A sushi restaurant and others urged a New Jersey federal court Thursday to dismiss seven claims accusing them of shifting assets to frustrate a server's wage suit, saying the allegations rely on family ties, t... (more story)
An attorney named in a business owner's sprawling racketeering suit against his former business partner and numerous alleged co-conspirators has asked a California federal judge to throw out the claims, arguin... (more story)
A dozen states have objected to Freedom Forever's settlement with one of its key financing partners, telling a Delaware judge they were concerned about the deal's impacts on customer contracts with the bankrup... (more story)
The buyer of Long Island nursing home operator Cold Spring Acquisition LLC urged a New York bankruptcy court Thursday to delay the effective date of a potential Chapter 7 conversion order for three weeks, seek... (more story)
New York City nightclub Balcon Salon and its lender have agreed to enter mediation, the debtor's attorney told a bankruptcy judge Thursday.
Citadel Securities has agreed to drop its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 milli... (more story)
Lloyd Green and Mette Kurth
Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy... (more story)
Ted Gavin
Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points ... (more story)
Bonnie Baker
Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, wh... (more story)