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Catching Up With New Bankruptcy Case Action
A company that sells Volcom, RVCA and Billabong-branded clothes is seeking Chapter 11 protection after losing its key brand licensing agreements. Meanwhile, the owner of one of the world's largest cobalt processing plants entered bankruptcy with hopes of restructuring under a lender-backed plan.
BAPCPA At 20: A Legacy Of Reform, Good And Bad
Two decades after Congress enacted the most sweeping changes to bankruptcy law in modern history, Americans are still dealing with its most enduring legacy: shutting out middle-class consumer debtors from Chapter 7 protection in the name of preventing abuse of the system.
Under The Radar: Bankruptcy News You May Have Missed
A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
Catching Up With New Bankruptcy Case Action
A company that sells Volcom, RVCA and Billabong-branded clothes is seeking Chapter 11 protection after losing its key brand licensing agreements. Meanwhile, the owner of one of the world's largest cobalt processing plants entered bankruptcy with hopes of restructuring under a lender-backed plan.
BAPCPA At 20: A Legacy Of Reform, Good And Bad
Two decades after Congress enacted the most sweeping changes to bankruptcy law in modern history, Americans are still dealing with its most enduring legacy: shutting out middle-class consumer debtors from Chapter 7 protection in the name of preventing abuse of the system.
Under The Radar: Bankruptcy News You May Have Missed
A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.
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Large Cap More
The bankruptcy trustee for disgraced California attorney Tom Girardi's defunct law firm is suing to prevent New York attorney Joseph DiNardo from discharging $7.5 million in his own bankruptcy, claiming DiNard... (more story)
Purdue Pharma LP has asked a New York bankruptcy judge for permission to terminate a pension plan that has more than 3,000 participants, arguing the present value of the plan's assets and favorable economic co... (more story)
Commercial Chapter 11 filings rose by 16% in January compared to the same month a year before, exceeding the increase in consumer bankruptcy filings over the same period, according to data provided by legal te... (more story)
Paul Hastings LLP spent 2024 representing renowned bankruptcy cases, including FTX, Core Scientific, WeWork and Diamond Sports Group's Chapter 11, helping various creditors recover billions of dollars and over... (more story)
A Delaware bankruptcy judge on Tuesday rejected medical implant maker Exactech Inc.'s bid to send its Chapter 11 plan out for voting, saying a disclosure statement attached to the proposal lacked critical info... (more story)
King & Spalding LLP said it has hired away two Alston & Bird partners for the firm's bankruptcy stable.
A Texas bankruptcy judge on Monday asked a law firm why it didn't disclose previous work it did for the Chapter 7 trustee liquidating SmileDirectClub when it applied to be special litigation counsel, saying he... (more story)
The U.S. Trustee's Office has asked a Delaware bankruptcy court to reject a roughly $431,000 request by White & Case LLP for work on behalf of the official committee of unsecured creditors in defunct cryptocur... (more story)
A Houston federal judge on Monday recommended closing an ethics case against Jackson Walker LLP over its supposed knowledge of a firm attorney's relationship with a judge, finding the court lacked the authorit... (more story)
An ad hoc group of lenders in retail chain operator Franchise Group Inc.'s Chapter 11 has objected to the company's request to retain Willkie Farr & Gallagher LLP, arguing the firm cannot represent the debtor ... (more story)
Mid Cap More
Lowenstein Sandler LLP has moved in New Jersey state court to consolidate its $800,000 legal fee case against a cannabis dispensary with a malpractice suit that the dispensary recently filed against it and han... (more story)
A Delaware bankruptcy judge on Tuesday agreed to give interim approval for outdoors and athletic clothing retailer Liberated Brands LLC to access $25 million of its $35 million debtor-in-possession financing.
Discount retailer Bargain Hunt Stores, which operates almost 100 outlets, has entered bankruptcy in Tennessee with plans to shut its doors through Chapter 11.
The U.S. Trustee's Office asked a Texas bankruptcy judge to put The Container Store's Chapter 11 plan on hold while it appeals his decision that a creditor's failure to opt out of the plan's third-party releas... (more story)
A Mondee shareholder has alleged the insolvent travel app company's proposed debtor-in-possession financing and bidding procedures would violate the Bankruptcy Code by allowing the transfer of "substantially a... (more story)
The Chapter 11 trustee overseeing convicted Chinese fraudster Miles Guo's bankruptcy estate can keep secret for 180 days an adversary proceeding settlement with a New York law firm because similar clawback cas... (more story)
A Delaware bankruptcy judge Tuesday rejected Blink Fitness' request to shield the administrator of its Chapter 11 wind-down plan from legal liability, saying she can't release claims for future acts.
The more than 100 restructuring lawyers at Akin Gump Strauss Hauer & Feld LLP have untangled some of the most complex Chapter 11 cases in recent years for the benefit of unsecured creditors, including the spra... (more story)
A Delaware bankruptcy judge on Monday approved the $20.6 million sale of PetroQuest Energy's East Texas oilfields, more than two years after a failed attempt to sell those fields sparked a lawsuit that helped ... (more story)
Liberated Brands LLC, a retail company that sells clothes for brands like Volcom, RVCA and Billabong, filed for bankruptcy in Delaware with $226 million in debt to wind down and sell its operations after a ret... (more story)