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Summer Kicks Off With Run Of New Bankruptcy Filings
The first weeks of summer have seen a steady run of bankruptcy filings, with debtors entering insolvency courts from the toy, clothing and entertainment industries.
Meet The Attorneys Directing The Redbox Ch. 11
Chicken Soup for the Soul Entertainment Inc., the parent of movie rental kiosk pioneer Redbox, has hired attorneys from Reed Smith LLP and Ashby & Geddes PA as the company plans to sell its assets and pursue adversary litigation to redress prepetition damages through its Chapter 11 case in Delaware.
Purdue Ruling Threatens To Limit Broader Bankruptcy Powers
The U.S. Supreme Court's narrow read of a bankruptcy statute in its decision to reject nonconsensual third-party releases in the Purdue Pharma case could curb courts' power to authorize a range of Chapter 11 requests that aren't explicitly allowed under the law.
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Seminal rulings from the U.S. Supreme Court's latest term will reshape many facets of American society in the coming years. Already, however, the rulings offer glimpses of how the justices view specific circui... (more story)
The U.S. Supreme Court's lethargic pace of decision-making this term left the justices to issue a slew of highly anticipated and controversial rulings during the term's final week — rulings that put the court'... (more story)
The U.S. Supreme Court's dismantling of a 40-year-old judicial deference doctrine, coupled with rulings stripping federal agencies of certain enforcement powers and exposing them to additional litigation, has ... (more story)
The U.S. Supreme Court's session ended with a series of blockbuster cases that granted the president broad immunity, changed federal gun policy and kneecapped administrative agencies. And many of the biggest d... (more story)
When the high court limited the scope of a federal obstruction statute used to charge hundreds of rioters who stormed the Capitol, the justices did not vote along ideological lines. In a year marked by 6-3 spl... (more story)
In a U.S. Supreme Court term teeming with serious showdowns, the august air at oral arguments filled with laughter after an attorney mentioned her plastic surgeon and a justice seemed to diss his colleagues, t... (more story)
Bankrupt cryptocurrency investment platform Celsius Network LLC filed dozens of preference actions seeking to undo transfers from investors who successfully took more than $100,000 out of the crypto investment... (more story)
A Texas bankruptcy judge said he must determine the scope of a deposition over a former judge's concealed romantic relationship with an ex-Jackson Walker LLP attorney, reversing course on a stipulation and rul... (more story)
This U.S. Supreme Court term featured high-stakes oral arguments on issues including gerrymandering, abortion and federal agency authority, and a hot bench ever more willing to engage in a lengthy back-and-for... (more story)
A New York federal judge has granted preliminary approval to a $6.5 million cash settlement between the top brass of the now-bankrupt cryptocurrency firm Voyager Digital Holdings and a class of its users who c... (more story)
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Bankrupt medical tech company UpHealth has urged an Illinois court to enforce a $110 million arbitral award against Indian digital healthcare services platform Glocal Healthcare in a bitter feud over an ill-fa... (more story)
An insurance carrier for the bankrupt Roman Catholic Diocese of Syracuse is asking a New York bankruptcy judge to reject a request that she sanction it for leaking information about sexual abuse survivors, say... (more story)
A Delaware bankruptcy judge ordered Friday that bankrupt grocery automation company Takeoff Technologies Inc. be given a second round of interim debtor in possession financing, worth almost $600,000, as the co... (more story)
Bankrupt coffee supplier Mercon Coffee Group defended employee releases in its Chapter 11 liquidation plan, telling a New York bankruptcy court that Section 503(c) of the Bankruptcy Code limits payment of admi... (more story)
The U.S. Trustee's Office has told a Delaware bankruptcy judge that teen apparel retailer rue21 is trying to protect too many parties from potential legal liability as it seeks to wind down its Chapter 11 case.
An insurance company asked a Delaware bankruptcy court Wednesday to let it pay defense expenses under a $5 million directors and officers policy for bankrupt biotechnology company DMK Pharmaceuticals Corp., wh... (more story)
Bankrupt grocery automation company Takeoff Technologies was unable to reach a deal with creditors to transfer a software license and instead plans to remove the transfer from its debtor-in-possession loan, in... (more story)
A New York bankruptcy judge will hear arguments next week over whether to convert Rudy Giuliani's Chapter 11 to a liquidation, a move his creditors denounced as gamesmanship with the bankruptcy system.
A group of Democratic senators led by banking committee chair Sherrod Brown, D-Ohio, called on the owners and banking partners of bankrupt fintech intermediary Synapse Financial Technologies to restore custome... (more story)
The U.S. Supreme Court's recent decision in Harrington v. Purdue Pharma, holding that a Chapter 11 reorganization cannot discharge claims against a nondebtor without affected claimants' consent, will open new ... (more story)