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Hedge fund Mars FX has filed a Chapter 11 liquidation plan in New York bankruptcy court that would transfer its assets and legal claims tied to a roughly $567 million trading platform balance it alleged was missing to a litigation trust, which would pursue recoveries and distribute the proceeds to creditors and investors.
The Senate moved to reinstall a higher debt limit for Subchapter V, food distributor Harvest Sherwood confirmed its Chapter 11 plan and TPx Communications acquired access to nearly $74 million in postpetition financing.
A group of attorneys from Kutak Rock LLP is representing Puerco Valley Fire District, Arizona's largest fire district, as it seeks to address its $3 million negative balance through Chapter 9 bankruptcy proceedings.
A Baltimore woman is accusing a California-based attorney and her firm of illegally withholding thousands of dollars from opioid victims' Purdue Pharma settlement payments in a new class action filed Sunday in... (more story)
A New Jersey bankruptcy judge Monday approved sales of more than two dozen U.S. summer camps, capping an intense, complicated and emotionally charged process that lawyers said saved the camps from closing this... (more story)
A Texas federal judge on Monday dismissed an appeal that attacked the terms of Genesis Healthcare's post-petition financing, saying part of the Bankruptcy Code precluded her court from touching the arrangement... (more story)
The Delaware Chancery Court on Monday refused to block two former behavioral health facility owners from pursuing a California securities fraud suit against private equity firm H.I.G. Capital LLC and its affil... (more story)
Megan Wasson of Herbert Smith Freehills Kramer LLP helped Del Monte secure more than $500 million in asset sales in its contentious Chapter 11 and advised the state of Connecticut in the Prospect Medical case,... (more story)
A New York bankruptcy judge has allowed Sleep Number Corp. to transfer more than $17.5 million from a trust set up for executives to its Chapter 11 estate, overruling an objection by the company's former chief... (more story)
Investment firms 777 Partners and 600 Partners, as well as entities tied to them, filed for bankruptcy protection in Texas with over $2 billion of debt, saying a creditor's involuntary Chapter 7 petition exped... (more story)
Plans to sell more than two dozen summer camps have been met with a flurry of comments from families concerned that outside investors will alter operations or close some camps altogether, with a group of paren... (more story)
Salad and Go expects to pay its creditors in full with proceeds from a proposed $105 million private sale of most of its drive-thru location leases to coffee chain Dutch Bros., attorneys for the fast-casual re... (more story)
Grid operator PJM Interconnection LLC has challenged North Carolina-based energy efficiency aggregator American Efficient's request for $11.5 million of debtor-in-possession financing, alleging the debtor is n... (more story)
A lender to bankrupt real estate management company Louis Investments LLC has moved to dismiss its Chapter 11 case, arguing Louis Investments and affiliates "manufactured" a Texas venue with their attorney's a... (more story)
Cryptocurrency kiosk operator Bitcoin Depot received confirmation Monday of its Chapter 11 liquidation plan, after a Texas bankruptcy judge narrowed third-party releases in the plan to cover only conduct that ... (more story)
Home textile and decor company Simply Interior Homes secured a Delaware bankruptcy judge's permission Monday to sell two sets of assets for about $3 million and solicit votes from creditors on its Chapter 11 plan.
A creditor of bankrupt cryptocurrency miner Poolin Technology on Monday moved for the appointment of a Chapter 11 trustee in the case, saying the company's principal absconded from China to the U.S. with customer funds.
Gunnercooke has denied costing a family £4.7 million ($6.3 million) by bungling a settlement reached in the wake of their bankruptcies over a £245 million fraud against HBOS, arguing that the deal reflected wh... (more story)
A Texas bankruptcy judge has sent the Chapter 11 plan of trucking firm Balkan Express out for a creditor vote, following a two-day delay sparked by a lender objection.
Texas summer camp operator Camp Mystic LLC is seeking to extend its Chapter 11 protection to managers and directors of the camp at the time of deadly floods in 2025, contending the charges against the individu... (more story)
A lender to a bankrupt 900-unit housing development in New York City has urged a bankruptcy judge to deny the debtor permission to hire Goldberg Weprin Finkel Goldstein LLP, saying the firm's retainer was paid... (more story)
A Lurin real estate entity secured a Texas bankruptcy court's permission Friday to use cash collateral from a lender that is planning to make a $118.6 million stalking horse credit bid on a St. Petersburg, Florida, property.
A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2... (more story)
John Ventola, Douglas Gooding and Jonathan Marshall
QVC's recently confirmed Chapter 11 plan joins a growing body of restructuring precedent demonstrating that well-f... (more story)
David Chase
Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)
Elisha Kobre and George Frank
The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)