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Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office took aim at the U.S. ties and motivations of a bankrupt defense contractor in Abu Dhabi, creditors of Eletson Holdings said they were still skeptical of Reed Smith LLP's work in the company's contentious Chapter 11 case and a Navajo Nation-owned energy company argued that a reorganized coal miner is trying to use a typo to boost royalty payments.
Genesis Forging Different Path In Crypto Ch. 11 Recoveries
Cryptocurrency lender Genesis Global has knocked another few hundred million dollars off the obligation it took on when it set off down the unusual track in the crypto bankruptcy sphere of returning every digital coin to its creditors, one for one, no matter how pricey its value.
The Story Behind Global Wound Care Group's Ch. 11
Allegations of potential fraud at Global Wound Care Group helped drive it toward seeking bankruptcy protection in Texas, with a year-long federal investigation now hanging over its Chapter 11 case.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office took aim at the U.S. ties and motivations of a bankrupt defense contractor in Abu Dhabi, creditors of Eletson Holdings said they were still skeptical of Reed Smith LLP's work in the company's contentious Chapter 11 case and a Navajo Nation-owned energy company argued that a reorganized coal miner is trying to use a typo to boost royalty payments.
Genesis Forging Different Path In Crypto Ch. 11 Recoveries
Cryptocurrency lender Genesis Global has knocked another few hundred million dollars off the obligation it took on when it set off down the unusual track in the crypto bankruptcy sphere of returning every digital coin to its creditors, one for one, no matter how pricey its value.
The Story Behind Global Wound Care Group's Ch. 11
Allegations of potential fraud at Global Wound Care Group helped drive it toward seeking bankruptcy protection in Texas, with a year-long federal investigation now hanging over its Chapter 11 case.
Expert Analysis
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Large Cap More
A Delaware bankruptcy judge on Tuesday said she would approve bankrupt hardware store supplier True Value's asset sale to its stalking horse bidder, member-owned hardware brand Do It Best Corp., once the final... (more story)
The estate of fallen cryptocurrency exchange FTX has sued Binance and its former CEO Changpeng Zhao to recover $1.76 billion it says the defunct company illegally transferred prior to its collapse two years ag... (more story)
Prison healthcare provider Wellpath has filed for Chapter 11 protection in a Texas bankruptcy court, saying it has an agreement with the majority of its secured lenders for a sale plan that will trim $500 mill... (more story)
DLA Piper has hired an experienced restructuring expert from Dechert LLP to its practice in London, as the firm braces for continued global financial distress driven by geopolitical turmoil and macroeconomic headwinds.
The Sixth Circuit has again rejected an appeal from South Korean claimants who sought replacement checks from a Dow Corning breast implant settlement fund, finding in claimants' fifth trip to the appeals court... (more story)
A group of Johnson & Johnson insurance carriers urged a Texas judge to reject the Chapter 11 plan disclosure statement for the company's Red River Talc unit as unconfirmable, saying J&J "made it clear that it ... (more story)
Sullivan & Cromwell LLP and the attorney general of California clashed in Delaware bankruptcy court over the firm's interim fee requests for its representation of debtor chemical company Kidde-Fenwal Inc., wit... (more story)
Alameda Research, an investment arm of the now-bankrupt FTX digital asset empire, has filed a lawsuit against cryptocurrency exchange Crypto.com in Delaware bankruptcy court, seeking the return of $11.4 millio... (more story)
A New York federal judge Thursday gave former Celsius Network CEO Alex Mashinsky the green light to seek deposition testimony from witnesses reading abroad that he claims is crucial to his defense, but decline... (more story)
The Tenth Circuit must uphold a district court's decision to dismiss Yellow Corp.'s $137 million lawsuit against the Teamsters, the union said, arguing the business didn't exhaust the grievance process under a... (more story)
Mid Cap More
Bankrupt cryptocurrency mining company Rhodium Encore and landlord Whinstone US Inc. pushed respective bids for early wins Friday in Texas court as they prepare for trial over a contract assumption dispute.
A Delaware bankruptcy judge said Friday she will grant Oya Renewables, a solar energy producer with offices in Boston and Toronto, interim access to $3 million in postpetition funding on offer from its Chapter... (more story)
This past week in London has seen collapsed German airline Air Berlin take action against its former auditor KPMG, the associate editor at The Spectator hit with a libel claim by a mosque over the far-right ri... (more story)
A Florida state court judge Thursday ordered the founder of the company that makes Bang Energy drinks to sit for a deposition in a lawsuit over unpaid fees brought by counsel who formerly represented him in a ... (more story)
Two gym chains sparred over the assets of Blink Fitness Inc. in Delaware bankruptcy court Wednesday and Thursday, with a franchisee of U.S. mainstay Planet Fitness trying to upend a planned sale to the winning... (more story)
Oya Renewables, a solar energy producer with offices in Boston and Toronto, has filed for Chapter 11 protection in the Delaware bankruptcy court, disclosing at least $100 million in liabilities — including alm... (more story)
A branded cannabis consumer goods company asked a Colorado state court late Wednesday to appoint a receiver over its business as its Canadian parent company seeks to wind down its operations.
A Louisiana law firm that took over now-bankrupt Houston plaintiffs firm MMA Law's hurricane victim cases is appealing a Houston bankruptcy's court's decision not to free it from a lawsuit claiming that it cut... (more story)
A North Carolina business bankruptcy law firm and its founder have escaped sanctions for allegedly lying to a trial court about its communications in a fee dispute, as a state appellate court said the former c... (more story)
Lewis Brisbois Bisgaard & Smith LLP recently announced that a partner who joined its Delaware office late last year has been appointed to co-chair the firm's bankruptcy and insolvency practice.