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Under The Radar: Bankruptcy News You May Have Missed
Sticky's Chicken asked a New York bankruptcy judge to flip its Chapter 11 case to a Chapter 7 after cold and congestion pricing undercut its plans to reemerge from bankruptcy a healthier company, a former Silicon Valley Bank employee asked a bankruptcy judge to approve her late submission of a claim in the bankruptcy case of SVB's defunct parent and FTX defended adversary cases it brought over alleged fraud in the debtor's prebankruptcy acquisition of a stock trading platform.
Why EV Maker Nikola Pulled Into Ch. 11
Nikola Corp., maker of electric and hydrogen-powered trucks, struggled with financial difficulties common to its field, the costs of litigation in which it became embroiled and expenses tied to a voluntary battery recall, cumulatively leading it to bankruptcy.
Meet The Attys Guiding EV Maker Nikola's Ch. 11
A group of lawyers from Potter Anderson & Corroon LLP and Pillsbury Winthrop Shaw Pittman LLP is guiding Nikola Corp., a manufacturer of electric and hydrogen-powered trucks, in its Chapter 11, as the company plans to sell its assets after facing financial struggles that stemmed from a battery pack recall in 2023.
Under The Radar: Bankruptcy News You May Have Missed
Sticky's Chicken asked a New York bankruptcy judge to flip its Chapter 11 case to a Chapter 7 after cold and congestion pricing undercut its plans to reemerge from bankruptcy a healthier company, a former Silicon Valley Bank employee asked a bankruptcy judge to approve her late submission of a claim in the bankruptcy case of SVB's defunct parent and FTX defended adversary cases it brought over alleged fraud in the debtor's prebankruptcy acquisition of a stock trading platform.
Why EV Maker Nikola Pulled Into Ch. 11
Nikola Corp., maker of electric and hydrogen-powered trucks, struggled with financial difficulties common to its field, the costs of litigation in which it became embroiled and expenses tied to a voluntary battery recall, cumulatively leading it to bankruptcy.
Meet The Attys Guiding EV Maker Nikola's Ch. 11
A group of lawyers from Potter Anderson & Corroon LLP and Pillsbury Winthrop Shaw Pittman LLP is guiding Nikola Corp., a manufacturer of electric and hydrogen-powered trucks, in its Chapter 11, as the company plans to sell its assets after facing financial struggles that stemmed from a battery pack recall in 2023.
Expert Analysis
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Large Cap More
Personal injury attorneys on Friday described how their firms' long relationship turned sour last summer during the fourth day of trial in the Texas bankruptcy of Johnson & Johnson's talc spin-off.
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a fourth-quarter "Park Avenue Phenomenon" seen by top brokerages, industry reaction to the potential federal... (more story)
A B. Riley Financial Inc. stockholder has launched a derivative suit seeking hundreds of millions of dollars in damages for the company in Delaware's Court of Chancery, alleging director conflicts tied to inve... (more story)
The U.S. Trustee's Office objected Friday to the opt-out mechanism for obtaining third-party releases in the Chapter 11 plan from prison healthcare provider Tehum Care Services, arguing that it makes the relea... (more story)
Less than three months after electing two dozen associates to the partnership, Latham & Watkins LLP said it has elevated 19 counsel from 14 offices around the world to partner, effective March 1.
A select breed of companies that went public through mergers with special purpose acquisition companies are performing well lately — hailing mostly from a few specific industries — in stark contrast to the vas... (more story)
Johnson & Johnson counsel and supporters of the Chapter 11 plan proposed by its talc spinoff Thursday told a Texas bankruptcy judge that the plan's $10 billion talc settlement is the best deal for thousands of claimants.
The former owners and managers of Greek shipping group Eletson Holdings Inc. have until Monday to comply with the orders of a New York bankruptcy judge concerning the change in ownership of the business under ... (more story)
An adviser to unsecured creditors in the Delaware Chapter 11 of defunct cryptocurrency software developer Terraform Labs has "unreliable" fee records, with some of its professionals billing over 400 hours a mo... (more story)
The Justice Department and American Express Global Business Travel appear unlikely to settle a government challenge to the planned $570 million purchase of CWT, according to a New York federal court filing tha... (more story)
Mid Cap More
Counsel for the administrator of cryptocurrency custodian Prime Core's Chapter 11 wind-down plan on Friday defended its decision to treat the debtor's cryptocurrency as property of the estate, even when it cam... (more story)
First Horizon Bank told a Florida federal judge that a former bank CEO cannot drop claims against individual bank directors to shield himself from an inevitable adverse judgment in the suit, which accused the ... (more story)
A California federal judge has permanently tossed an antitrust suit accusing Google of kicking a now-defunct advertising app maker out of the Play Store in order to squelch a potential digital advertising riva... (more story)
Citizens Bank, a creditor of New Jersey drugmaker Nostrum Laboratories Inc., objected to Nostrum's request to retain another investment banker in its Chapter 11 case, arguing that Raymond James is already serv... (more story)
Paul Hastings LLP has moved for summary judgment in a malpractice action from GenapSys Inc., saying the case is barred because the genomic sequencing company failed to disclose its possible claim until after c... (more story)
Shortly after accusing a cannabis dispensary it is suing for unpaid legal fees of acting in bad faith, Lowenstein Sandler LLP asked a New Jersey Superior Court judge on Friday to reject an investment group's s... (more story)
A former intern for the bankrupt Law Office of George T. Peters PLLC has sued the New York City firm's bankruptcy estate, seeking to ensure that her sexual assault claim against its name partner is not dischar... (more story)
Counsel for Nikola Corp., which makes electric and hydrogen-powered trucks, told the Delaware bankruptcy court on Thursday the company hopes to hold a bankruptcy auction by the end of March and find a buyer be... (more story)
A New York federal judge has denied a request by the forensic firm hired to probe Rudy Giuliani's assets to intervene in a lawsuit launched by two former Georgia poll workers who won a $148 million defamation ... (more story)
A former Perella Weinberg partner on Wednesday testified that he had no plans to break off and start his own restructuring advisory shop before the investment banking firm fired him for purportedly violating h... (more story)