October 22, 2025
Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence, citing irreconcilable differences in litigation strategy and Mashinsky's failure to pay significant outstanding legal fees.
August 04, 2025
Law firm Jackson Walker LLP settled another fee dispute tied to a former partner's romance with a former bankruptcy judge. A New York judge said he was ready to approve the Chapter 11 plan of Rochester's Catholic Diocese at an upcoming hearing. And CareerBuilder + Monster got approval for a $69 million asset sale. This is the week in bankruptcy.
July 30, 2025
A New York bankruptcy judge shot down challenges to attempts by the Chapter 11 plan administrator for Celsius Networks to claw back transfers, saying a settlement provision didn't prevent the administrator from pursuing the clawbacks and the transactions fall under U.S. jurisdiction.
June 30, 2025
A New York bankruptcy judge Monday said he will have to take a closer look at British Virgin Islands law before he can determine if defunct cryptocurrency platform Celsius Network LLC can pursue in the U.S. its $2.3 billion clawback claim against stablecoin provider Tether.
June 26, 2025
The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
June 13, 2025
Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison.
May 29, 2025
Cybersecurity company Cloudflare has urged a New York bankruptcy judge to let it appeal his decision to not dismiss a $50 million adversary lawsuit brought against the business by cryptocurrency debtor Celsius Networks, saying that questions about the defendant's duty of care need to be addressed.
May 21, 2025
Citing overwhelming trial evidence, a Delaware vice chancellor on Wednesday told bankrupt Celsius Network's Ionic Digital successor to reopen a board nomination window after finding that the company wrongly eliminated one of two director seats ahead of an election in a defensive move targeting dissident candidates.
May 06, 2025
A New York bankruptcy judge on Tuesday denied a motion to dismiss negligence claims against cybersecurity company Cloudflare Inc., allowing a suit by former cryptocurrency platform Celsius Networks over a $50 million hack to survive.
April 24, 2025
Stockholders of cryptocurrency mining venture Ionic Digital Inc., formed out of the bankruptcy of Celsius Network LLC in Delaware, beat a motion Thursday to toss their suit challenging a one-seat board reduction, with a trial over the matter and other related claims slated to go forward on May 8.