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Expert Analysis

5th Circ. Bond Claim Ruling Shows Creditors Must Be Vigilant

In Raymond James & Associates v. Jalbert, the Fifth Circuit recently held that the bankruptcy debtor's indemnifica... (more story)

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

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Girardi Not Famous Like Avenatti, Feds Say In Panning Jury Form

Prosecutors pushed back Friday on Tom Girardi's request to ask prospective jurors in his California federal fraud trial if they have seen his wife's television show or reports about his law firm's scandal, say... (more story)

Clothing Retailer Express Delays Speedy Ch. 11 Auction

Clothing retailer Express Inc. said Friday that it will delay a Chapter 11 auction it was hoping to host next week after a Delaware bankruptcy judge said she couldn't sign off on a speedy auction timeline or g... (more story)

Jilted FTX Claim Buyer Sues Crypto Trader In Chancery

An affiliate of Connecticut hedge fund Silver Point Capital has sued a crypto trading firm and a buyer of FTX bankruptcy claims in Delaware Chancery Court, alleging that they breached a sale agreement for "a h... (more story)

Byju's Seeks $10K Sanctions For Ex-Exec Found In Contempt

The bankrupt U.S. affiliate of Indian education tech giant Byju's told a Delaware judge that a former executive should face $10,000 in daily sanctions until he shares information about the location of $533 mil... (more story)

Beasley Allen Wants J&J Subpoenas Nixed Amid Ethics Fight

The Beasley Allen Law Firm and a plaintiff steering committee in the Johnson & Johnson talc litigation blasted subpoenas directed at the firm and others aimed at turning up evidence of an alleged scheme to mus... (more story)

Spencer Fane Adds Minneapolis Bankruptcy Partner

Spencer Fane LLP has added a bankruptcy partner from Stinson LLP to its Minneapolis office.

Disbarring Giuliani Would 'Protect The Public,' DC Panel Says

A Washington, D.C., attorney ethics panel agreed Friday that Rudy Giuliani's role in former President Donald Trump's attempt to overturn Pennsylvania's presidential election in 2020 amounted to misconduct "of ... (more story)

CFPB Sues PHEAA For Discharged Student Loan Collections

For the second time in a month, the Consumer Financial Protection Bureau has filed an enforcement action against the Pennsylvania Higher Education Assistance Agency, a major student loan servicer, this time su... (more story)

Ex-FTX Auditor Must Face SEC's Independence Rules Suit

The former auditor of Sam Bankman-Fried's defunct cryptocurrency exchange FTX must face the U.S. Securities and Exchange Commission's claims it violated auditor independence rules while collecting $3 million i... (more story)

Weiss Fund Survives Motion To Convert To Ch. 7

A New York judge shot down a bid by two financial firms, Jefferies and Leucadia, to convert the Chapter 11 case of Weiss Multi-Strategy Advisers LLC to Chapter 7, saying that it is premature to determine sever... (more story)

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9th Circ. Affirms Toss Of Health Center's $8M Cigna Row

The Ninth Circuit on Friday declined to revive a suit from a holding company for a drug and alcohol treatment center claiming Cigna forced it into bankruptcy by not paying more than $8 million in authorized cl... (more story)

Takeoff Technologies Seeks Customer Funds For Ch. 11 Case

A Delaware bankruptcy judge told Takeoff Technologies on Friday that he was prepared to approve $9.6 million in Chapter 11 financing from customers trying to avoid losing support for the company's grocery inve... (more story)

NY Appeals Court Backs Trimming Of 50 Cent Liquor Spat

A New York appeals court has said a lower court rightly dismissed some components of a suit brought by a fine liquors company owned by rapper 50 Cent, allowing Jim Beam and its parent company to escape the rap... (more story)

IRS Can Seek Tax Beyond Bankruptcy Deal, 11th Circ. Affirms

A deal between the IRS and an Alabama real estate developer to settle his tax debt for $2 million during Chapter 11 bankruptcy proceedings wasn't final, and the agency can demand additional taxes from him, the... (more story)

Lindell No-Shows Amid Solvency Concerns In Sanctions Fight

Attorneys for My Pillow CEO Mike Lindell were nowhere to be found Friday as a D.C. federal judge mulled how much they should pay in sanctions for counterclaims in election company Dominion's ongoing libel suit... (more story)

Fight Between Trustee, Law Firm May Mean Less For Creditors

In the bankruptcy of collapsed California debt relief law firm Litigation Practice Group, a new law firm confirmed this week that it's not making payments to the bankruptcy estate, a situation that may limit a... (more story)

DMK Pharma Says Contaminated Injectors Led To Ch. 11 Filing

Drugmaker DMK Pharmaceuticals Corp. has filed an adversary complaint in Delaware bankruptcy court, saying its epinephrine-injector supplier failed to maintain contaminant-free manufacturing facilities sold to ... (more story)

Careismatic Gets OK For Ch. 11 Plan With Debt Equity Swap

A New Jersey bankruptcy judge said Thursday he would confirm medical scrubs distributor Careismatic Brands LLC's Chapter 11 plan, which includes a debt-equity swap aimed at wiping out all $782 million of the d... (more story)

Grocery Automation Biz Files Ch. 11 With $13M In Debt

E-grocery automation system maker Takeoff Technologies filed for Chapter 11 protection Thursday in Delaware bankruptcy court with nearly $13 million in debt, saying that, after eight years in business, it had ... (more story)

Creditors, Watchdog Denied Estate Trustee In Eletson Ch. 11

Shipping company Eletson will retain control of its contentious reorganization after a New York bankruptcy judge shot down requests to name a Chapter 11 trustee and said that those vying for such an appointmen... (more story)