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With critics of the Texas two-step again asking the U.S. Supreme Court to weigh in on the maneuver where companies saddle a spinoff with liabilities, they are highlighting a circuit split that gets at a core purpose of Chapter 11: whether it should be reserved for companies facing financial distress.
President Donald Trump signed a bill reinstating higher debt thresholds for streamlined Chapter 11 filings, a debtor with a mixed-use building in Tribeca opposed the U.S. Trustee's Office's bid to convert its Chapter 11 case and unsecured creditors for book distributor Baker & Taylor objected to administrative claims.
A group of attorneys from Ice Miller LLP is guiding FuturHealth, a telehealth company focused on weight loss, through its Chapter 11 case as the company pursues a dual-track plan for an asset sale or reorganization.
A Zurich unit urged a New York bankruptcy court to reject Revlon's bid to enforce its Chapter 11 reorganization plan, saying the company is attempting to repackage a dispute over coverage for thousands of bodily injury cla...(read more)
As the approximately 1,000 professional staff members at Weil Gotshal & Manges LLP look for new roles, they're likely to encounter a more difficult job market than the firm's attorneys, recruiters told Law360 Pulse.
An ad hoc group of Getty stockholders has urged a Delaware bankruptcy judge to not grant final approval of the company's $143 million bankruptcy financing package, arguing the deal is designed to hand control of the busine...(read more)
Defunct carrier Spirit Airlines is working on the remaining objections to its sale of de-identified data to Google after resolving objections from unions, the debtor's attorney told a New York bankruptcy judge on Thursday.
A team of 120 private funds attorneys from Weil Gotshal & Manges LLP, including 23 partners, is joining Gibson Dunn & Crutcher in New York, London and Washington, D.C., as their predecessor firm prepares to close its doors...(read more)
The trustees overseeing Tom Girardi's and his former law firm's bankruptcies struck a deal to put their claims against each other behind other approved general unsecured claims, according to a California bankruptcy court f...(read more)
Kids' clothing company The Children's Place Inc. on Tuesday secured a New Jersey bankruptcy judge's approval to draw on part of a $282 million Chapter 11 financing package to fund store closing sales and a marketing proces...(read more)
Military subcontractor Fox Logistics has argued a federal judge's recent ruling in prime contractor Noble Supply's bankruptcy contradicts a different decision from a circuit court that Fox is appealing to the U.S. Supreme ...(read more)
The U.S. Trustee's Office objected late Monday to the proposed Chapter 11 plan of the Franciscan Friars of California, saying the plan contains overly broad injunctions of third-party claims and includes a gatekeeping prov...(read more)
Partners at Weil Gotshal & Manges LLP voted on Tuesday to dissolve the firm and install a three-member committee to oversee the wind-down of operations.
Two property developer brothers are resisting a £13.8 million ($18 million) claim brought by a retail bank, arguing that their combined liability under a loan guarantee cannot exceed £6 million.
The U.S. Trustee's Office has asked a Delaware bankruptcy judge to reject rent-to-own retailer FlexShopper's Chapter 11 plan, saying it contains overly broad releases and forces third parties to release claims without comp...(read more)
Artificial intelligence-moderated social media platform WeAre8 is asking a Delaware bankruptcy judge to give it the go-ahead for an asset auction in December with a $1.2 million baseline credit bid from the provider of its...(read more)
A lender has sued a former property company director for £3.2 million ($4.2 million), alleging that he concealed assets when settling his liability, including by transferring land to his ex-wife to keep it beyond the lende...(read more)
A New Jersey bankruptcy judge on Tuesday denied the Office of the U.S. Trustee's bid to convert Invatech's bankruptcy to a Chapter 7 as the former generic pharmaceutical group works to wrap up an administratively insolvent...(read more)
The Victorian Bar Association announced Mark Costello KC of New Chambers has been elected president, taking over from Fiona Ryan SC for the 2026-2027 term.
Alex Jones has asked the Texas Supreme Court to review discovery sanctions orders that led to a since-trimmed $50 million judgment in a Sandy Hook family's Lone Star State emotional distress case, arguing a judge held him ...(read more)
A former chief financial officer of Vesttoo has urged the Delaware bankruptcy court to let the insolvent Israeli fintech's insurance carriers cover more than $1.5 million in legal fees stemming from fraud-related investiga...(read more)
Card room operator Maverick Gaming has asked a Texas bankruptcy judge for permission to transfer properties subject to its master lease with Blue Owl to its former CEO, seeking to shed its obligations under a sale-leasebac...(read more)
The buyers of a Maine summer camp from bankrupt camp operator SimadHoldings are accusing the camp's former directors of stealing confidential files and taking them to the competition.
Diane Dick
Character.AI's bankruptcy is charting a path for preserving value in an artificial intelligence business that depends on retain...(read more)
Michael Martinez and Mary Grasta
The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process availa...(read more)
Hon. Brian Palmucci
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries...(read more)