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Outdated Brand Could Hinder Hooters' Ch. 11 Recovery
Hooters has built its brand on buxom women wearing orange micro shorts while serving hot wings and frosty mugs of beer, but experts said the racy concept that made it a household name is outdated and could stymie the company's recovery as it seeks to emerge from Chapter 11.
Under The Radar: Bankruptcy News You May Have Missed
The Texas Attorney General asked for a consumer privacy ombudsman in 23andMe's Ch. 11 case; The Chapter 11 trustee handling Chinese exile Miles Guo's estate balked at an appeal against a decision advancing dozens of clawback proceedings; and a Delaware bankruptcy judge dismissed the Chapter 7 case of electronics recycler Camston Wrather at the request of the estate trustee.
Judge Isgur To Mediate Sorrento Ch. 11 Dispute
One of the most prominent bankruptcy judges in the United States is mediating a dispute between the liquidating trustee for biopharmaceutical company Sorrento Therapeutics Inc. and a unit of B. Riley Financial as the parties try to reach a settlement to avoid litigation.
Outdated Brand Could Hinder Hooters' Ch. 11 Recovery
Hooters has built its brand on buxom women wearing orange micro shorts while serving hot wings and frosty mugs of beer, but experts said the racy concept that made it a household name is outdated and could stymie the company's recovery as it seeks to emerge from Chapter 11.
Under The Radar: Bankruptcy News You May Have Missed
The Texas Attorney General asked for a consumer privacy ombudsman in 23andMe's Ch. 11 case; The Chapter 11 trustee handling Chinese exile Miles Guo's estate balked at an appeal against a decision advancing dozens of clawback proceedings; and a Delaware bankruptcy judge dismissed the Chapter 7 case of electronics recycler Camston Wrather at the request of the estate trustee.
Judge Isgur To Mediate Sorrento Ch. 11 Dispute
One of the most prominent bankruptcy judges in the United States is mediating a dispute between the liquidating trustee for biopharmaceutical company Sorrento Therapeutics Inc. and a unit of B. Riley Financial as the parties try to reach a settlement to avoid litigation.
Expert Analysis
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Large Cap More
The unsecured creditors committee in fast-fashion chain Forever 21's Chapter 11 has challenged the debtor's motion to use cash collateral, telling the Delaware bankruptcy court that the funding bid is part of ... (more story)
Software group Mitel Networks' prepackaged Chapter 11 plan trimming $1.1 billion of debt has nonconsensual third party releases and can't be confirmed, the Office of the U.S. Trustee told a Texas bankruptcy judge.
Alex Jones' former lead Connecticut attorney will be suspended for only one additional week because of a prior sit-out in 2023, a state court judge has clarified, saying she hadn't considered that Norm Pattis ... (more story)
A California federal judge sentenced Girardi Keese's former chief financial officer to just over 10 years in prison Friday for aiding firm leader Tom Girardi's $15 million client theft scheme while also embezz... (more story)
Hospital operator Prospect Medical has scored $6 million in financing to temporarily stave off the closure of three Pennsylvania hospitals, the debtor's counsel told a Texas bankruptcy judge Thursday.
A creditor trust created under Amyris' Chapter 11 plan has sued the biotechnology company's former CEO in Delaware bankruptcy court, accusing him of abandoning his fiduciary duties by entering into a product l... (more story)
The bankrupt U.S. subsidiary of Indian tech giant Byju's has filed a suit alleging the company's founder had a direct hand in the disappearance of $533 million in company assets prior to its Chapter 11 filing.
A Texas federal district court agreed to preside over a suit brought by the U.S. Trustee's Office to make Jackson Walker LLP forfeit fees from more than 30 cases overseen by a former bankruptcy judge who was r... (more story)
A Florida federal judge denied a bid to disqualify Carlton Fields in a $500 million lawsuit over the ownership of the company that runs the Miss America pageant, saying such a remedy is extraordinary, and that... (more story)
A U.S. Department of Justice memo outlining the Trump administration's cryptocurrency policy and enforcement priorities has not prompted prosecutors to alter their $40 billion criminal fraud case against Terra... (more story)
Mid Cap More
Azzur Group, which offers services for pharmaceutical developers, can seek votes on its Chapter 11 liquidation plan after the $56 million sale of its consulting business was approved Friday.
Bankrupt sweepstakes company Publishers Clearing House received approval for a slate of first-day motions Friday from a New York judge, including a request to continue paying prepetition obligations to prize w... (more story)
A Delaware bankruptcy judge Friday gave electric vehicle and hydrogen fueling technology maker Nikola Corp. the go-ahead to sell its Arizona factory and headquarters to electric carmaker Lucid Motors for $30 million.
A Delaware bankruptcy judge on Friday approved coal producer White Forest Resources Inc.'s sale of a West Virginia mine for a total price of about $21 million.
A Texas bankruptcy judge said Thursday he would confirm the Chapter 11 liquidation plan of trucking company Kal Freight, after the proposal's effective date was delayed a week to give the debtor more time to r... (more story)
A Delaware bankruptcy judge on Thursday gave interim approval for Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi, to tap part of... (more story)
The operator of three New Jersey hospitals said Thursday that its revised Chapter 11 plan fixes or buys time to address issues that a Delaware bankruptcy judge flagged coming out of a three-day confirmation he... (more story)
Florida business law firm Gunster has added a new shareholder with expertise in complex commercial litigation, bankruptcy law and creditors' rights matters to its Orlando office from Byrd Campbell PA.
Brazilian sugar producer and distributor Virgolino de Oliveira SA has filed for Chapter 15 protection in New York bankruptcy court with $735 million in debt.
The administrator overseeing the liquidation of GenapSys asked a Delaware bankruptcy judge Wednesday to rule that the gene sequencing technology company's Chapter 11 plan preserved its rights to sue its former... (more story)