WeWork Inc.

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Case Number:

2:23-bk-19865

Court:

New Jersey

Nature of Suit:

Firms

Companies

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May 31, 2024
WeWork's Winding Road Through Bankruptcy Court

Office space provider WeWork won approval for its $4 billion Chapter 11 reorganization plan Thursday, overcoming opposition from landlords, unsecured creditors and its own founder to emerge debt-free under new equity ownership.
May 30, 2024
WeWork Gets OK For $4B Chapter 11 Plan

A New Jersey bankruptcy judge on Thursday approved office space provider WeWork's plan to wipe out $4 billion in debt and end its Chapter 11 case after hearing there were no remaining creditor objections.
May 07, 2024
WeWork Wins Interim OK Of $50M New Money DIP In Ch. 11

A New Jersey bankruptcy judge said Tuesday he will approve $50 million of debtor-in-possession financing for WeWork, overruling objections from the office space provider's co-founder and ex-CEO Adam Neumann, whose lawyers alleged the financing agreement was actually an unfairly discounted asset sale in disguise.
May 06, 2024
WeWork Advances Plan, J&J's Third Filing, More Jones Drama

WeWork Inc. pushed forward a reorganization plan despite its former CEO's objections, Johnson & Johnson disclosed plans for a prepackaged bankruptcy case supported by a $6.5 billion settlement, and an appeals court upheld more than $400,000 in sanctions as part of bankruptcy proceedings for Georgia-Pacific's asbestos unit.
April 29, 2024
WeWork Wins Conditional OK Of Ch. 11 Plan Disclosures

A New Jersey bankruptcy judge gave conditional approval Monday to bankrupt flexible office space company WeWork Inc.'s reorganization plan disclosure statement over the objection of WeWork's former owner Adam Neumann, finding the disclosure contained adequate information.
April 23, 2024
WeWork Urged To Add Info Ahead Of Ch. 11 Plan Doc Hearing

Bankrupt flexible office space company WeWork Inc. will present its Chapter 11 plan disclosure statement for court approval April 29 in New Jersey, but a judge there urged the debtor to add significant information to the document ahead of that hearing, which the court scheduled on shortened notice.
April 08, 2024
WeWork Saves $8B, Do Kwon Found Liable, WOM CEO Leaves

One of the busiest weeks for new bankruptcies this year also featured notable developments in ongoing cases. Terraform Labs and its creator Do Kwon were found liable for securities fraud, WeWork announced it expects to save $8 billion by restructuring hundreds of leases, and a New York bankruptcy judge said he would take under advisement a decision about a sale of Rudy Giuliani's Florida condo.
April 02, 2024
WeWork Drops 150 Leases To Cut Rent Costs By $8B In Ch. 11

Coworking company WeWork has agreed to exit 150 leases and restructure others to reduce its future rent payments by some $8 billion, saying the "significant milestone" paves the way for it to exit Chapter 11 by the end of May.
March 05, 2024
WeWork Seeks 4 More Months Of Ch. 11 Exclusivity

WeWork asked a New Jersey bankruptcy judge to extend the window during which only the coworking space company can propose a Chapter 11 reorganization plan by 120 days, saying the extra time would avoid disruptions to its progress.
February 12, 2024
WeWork Lenders Blast SoftBank, Ask For Ch. 11 Examiner

An ad hoc group of WeWork noteholders have urged the bankruptcy court in New Jersey to appoint an examiner in the coworking space company's Chapter 11 proceedings, asserting that "things are not going as planned" due to "fundamental flaws" in the debtor's case and its ties to SoftBank.

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