June 16, 2025
Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas.
June 12, 2025
A committee of retired city employees sued the Chapter 9 receiver overseeing the city of Chester, Pennsylvania's municipal bankruptcy, arguing that by requiring water system assets be sold to a publicly owned entity, the receiver is forgoing private bids that could generate an extra $270 million for the city's creditors.
April 02, 2025
A Pennsylvania bankruptcy judge on Wednesday scuttled a request from the Chester Water Authority for a stay pending appeal of an order to produce documents to the bankrupt city of Chester, saying the utility hadn't shown the order should be frozen.
March 11, 2025
The Chester Water Authority has asked a Pennsylvania bankruptcy court for a stay pending appeal of an order to produce documents to the bankrupt City of Chester, which seeks to sell off the utility's assets, saying the order was unconstitutional.
February 12, 2025
A Pennsylvania bankruptcy judge gave the ailing city of Chester the green light Wednesday to probe a water utility about its assets, but stopped short of allowing the city under Chapter 9 protection to share the information or allowing an auditor to visit the utility's property.
January 02, 2025
Pennsylvania's Delaware County has asked the Third Circuit to undo a bankruptcy court's ruling that the financially ailing city of Chester is excused from paying the county revenue from gambling taxes because of the city's Chapter 9 proceedings, despite an ordinance mandating that the county get a cut of the money.
October 04, 2024
Private utility entity Aqua Pennsylvania asked a Pennsylvania bankruptcy judge to reject the City of Chester's proposed Chapter 9 plan, saying the city is trying to "commandeer" water and sewer assets in which Aqua has an interest.
September 09, 2024
A string of new Chapter 11 bankruptcies were recently launched in Delaware, including a case from national discount home goods retailer Big Lots, which plans to pursue a going-concern sale. Meanwhile, seafood dining chain Red Lobster is on track to hand over the reins to a new group of owners, led by a secured lender, after the debtor secured confirmation of its Chapter 11 plan.
September 05, 2024
Retiree creditors in the city of Chester, Pennsylvania's bankruptcy have denounced its proposed Chapter 9 plan, telling a judge in Philadelphia it is a "blunt-instrument approach" to complex issues and was docketed without consulting their committee that represents the largest creditor group.
March 06, 2024
A Philadelphia bankruptcy judge Wednesday rejected a utility's latest effort to lift the automatic stay triggered by the City of Chester's Chapter 9 bankruptcy, which has delayed a $276.5 million sewer sale, saying it would require her to answer questions that are on appeal from a similar motion she nixed last year.