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Tupperware Hits Ch. 11, 3rd Circ. Says Hertz Owes $270M
This week saw a wave of new bankruptcy filings, including that of kitchen supply brand Tupperware, two restaurant chains based in Florida and a defunct California bank that catered to cryptocurrency users.
Meet The Attorneys In BurgerFi's Ch. 11
BurgerFi International Inc., the fast casual chain that also owns Anthony's Coal Fired Pizza & Wings restaurants, has assembled a team of lawyers from Raines Feldman Littrell LLP to assist with plans to turn its business around after entering Chapter 11 protection in Delaware last week.
Meet The Attorneys In The Big Lots Ch. 11
Big Lots, a discount home goods retail chain that entered bankruptcy Monday with $556 million in secured debt, has assembled a team of lawyers from Morris Nichols Arsht & Tunnell LLP and Davis Polk & Wardwell LLP to assist with its plans to shutter over 300 stores and sell the remaining business.
Large Cap More
The former auditor of Sam Bankman-Fried's defunct cryptocurrency exchange FTX agreed Tuesday to pay $1.95 million to resolve allegations by the U.S. Securities and Exchange Commission of misconduct in FTX audi... (more story)
Bankrupt cryptocurrency firm Terraform Labs will face several objections from individual investors and the U.S. Trustee's Office at a hearing Thursday in Delaware in which it hopes to receive confirmation of i... (more story)
Federal investigators said a draft report into the June 24, 2021, collapse of the Champlain Towers in Surfside, Florida, that killed nearly 100 people won't be ready until 2026, instead of next year, after a s... (more story)
The reorganized W.R. Grace & Co. has asked a Delaware bankruptcy judge to sign a final decree closing the last Chapter 11 case in the chemical company's asbestos liability reorganization proceedings, saying th... (more story)
The iconic food storage company Tupperware Brands Corp. filed for Chapter 11 bankruptcy protection in Delaware with more than $1 billion in liabilities and plans for a quick sale, after months of concern about... (more story)
Bankrupt automotive wheel company Wheel Pros LLC asked a Delaware bankruptcy court to bless a private $30 million sale of its recently acquired 4WP retail unit to a subsidiary of Australia's ARB Corp., a move ... (more story)
The co-lead counsel for Johnny Depp in his defamation trial against Amber Heard has moved from Brown Rudnick LLP to Sheppard Mullin Richter & Hampton LLP, which just last month announced it had landed five oth... (more story)
The bankruptcy expertise at Pachulski Stang Ziehl & Jones has made it one of Delaware's go-to firms for many types of parties and local counsel — with the Sientra Inc., Vice Media Group and Yellow Corp. bankru... (more story)
Silver Point Capital beat its target to lock down $4.6 billion for its latest opportunistic credit fund, the Connecticut-based credit investing firm announced Monday.
An Oregon state judge rejected a jury's $260 million verdict for a woman who blamed Johnson & Johnson's talcum powder for her cancer diagnosis, a company spokesperson said Monday.
Mid Cap More
Bankrupt wine producer Vintage Wine Estates has told Delaware's bankruptcy court it scored a series of offers for its assets through a Chapter 11 auction that will bring in more than $140 million.
A Pittsburgh robotics company took orders for more than $4 million worth of robot toys but failed to deliver many of them — and in the case of a toy based on the TV show "Rick and Morty," didn't secure the int... (more story)
The U.S. Trustee's Office urged a Delaware bankruptcy judge on Wednesday to deny sports retailer Mountain Sports' bid to conceal details of bonuses it has proposed to pay employees to help incentivize them to ... (more story)
The British restaurant group that operates TGI Fridays' UK stores has collapsed into administration on Wednesday, along with its plans to sell its 87 restaurants in the UK, the company said after it nixed a de... (more story)
Segal & Segal and Yeung & Wang are among the law firms that guided the largest New York City real estate deals that hit public records last week, a period that saw seven deeds at or above the $20 million mark become public.
The parent company of shuttered cryptocurrency-focused Silicon Valley bank Silvergate filed for Chapter 11 protection in Delaware on Wednesday with plans to wind down and liquidate its remaining assets.
Florida-based pan-Asian restaurant chain Hawkers Asian Street Food and Craft Cocktails became the latest casual dining enterprise to file for Chapter 11 protection Tuesday, as the industry continues to deal wi... (more story)
Former MoviePass CEO J. Mitchell Lowe pleaded guilty in Florida federal court on Monday to conspiracy to commit securities fraud, admitting that he and another executive hyped the illusion that their $9.95-a-m... (more story)
Casual dining seafood chain Red Lobster exited from Chapter 11 on Monday under private equity ownership and with a new CEO, five months after filing for bankruptcy to pursue a sale.
Swedish Amazon aggregator Go North Group AB, a business that consolidates small sellers into one platform, filed for Chapter 15 recognition in a New York bankruptcy court Monday, aiming to halt arbitration ove... (more story)