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May 06, 2026
Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its Cayman winding-up proceedings that involve a $26 million payment to Prospect.
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May 06, 2026
First Brands Group lender Aequum Capital has urged a Texas bankruptcy judge to reject unsecured creditors' bid to extend a deadline for their investigation into liens that Aequum asserted, saying the creditors are pursuing a "baseless fishing expedition."
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May 06, 2026
An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed company secrets in an op-ed last month, telling a Delaware federal court it has every interest in ensuring the company's success.
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May 06, 2026
The International Union of Police Associations AFL-CIO received approval Wednesday in Florida bankruptcy court to modify the automatic stay in its Chapter 11 case to pursue its appeal of an adverse state court judgment in a sexual harassment case that drove it into bankruptcy last month.
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May 06, 2026
Asbestos bankruptcy trusts told the Delaware Supreme Court on Wednesday that Johnson & Johnson, Dow Chemical and other repeat asbestos defendants are trying to turn an old equitable remedy into a sweeping, indefinite preservation order for more than 1.1 million victims' private claims files.
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May 06, 2026
Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.
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May 06, 2026
A Delaware bankruptcy judge on Wednesday extended provisional protection to the U.S. assets of Quebec office furniture maker Bestar as it seeks U.S. recognition of its Canadian liquidation proceedings.
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May 05, 2026
A New Jersey federal judge on Tuesday sentenced the former CEO of a now-defunct medical billing company to five years in prison, the statutory maximum penalty, for his role in a $212.5 million scheme to inflate the value of his company to defraud investors.
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May 05, 2026
A New York federal judge has ruled that investors in Argentine oil and gas exploration company YPF SA can use discovery obtained in a decade-long dispute against the country in a parallel $16 billion investor-state arbitration they plan to initiate, saying they had shown a "compelling need."
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May 05, 2026
Bankrupt cryptocurrency exchange Bittrex urged a Seattle federal judge to toss a $24 million judgment entered as part of a 2023 settlement with the U.S. Securities and Exchange Commission, arguing that the agency has since done an "about-face" on crypto and abandoned its position that digital tokens are securities.
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May 05, 2026
A New York bankruptcy judge on Tuesday agreed to approve Spirit Airlines' package of wind-down motions after rising fuel costs and unsuccessful efforts to secure federal rescue financing forced it to walk away from restructuring plans.
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May 05, 2026
A Texas appeals panel seemed skeptical of a bankruptcy trustee's attempt to revive an action seeking to claw back money distributed by True Health Group to its shareholders before the company declared bankruptcy, asking Tuesday if the trustee brought its claims under the correct portion of the law.
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May 05, 2026
A Houston real estate holding company said its former bankruptcy lawyer negligently handled its Chapter 11 case and broke attorney-client privilege, which the company said helped lead the federal bankruptcy judge to convert the case to Chapter 7.
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May 05, 2026
Quebec office furniture maker Bestar and its U.S. affiliates Monday asked a Delaware bankruptcy judge for Chapter 15 recognition of its Canadian wind-down proceedings.
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May 05, 2026
A British business executive on Tuesday asked a Delaware bankruptcy judge to dismiss him from a suit over the disappearance of $533 million from an affiliate of education technology company Byju's, saying there is nothing in the case to give a U.S. court jurisdiction.
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May 04, 2026
Johnson & Johnson knew for decades that its baby powder contained asbestos, even as it advertised the product as safe and "pure," attorneys for the families of three women who died of ovarian cancer told a California jury Monday during opening statements in a bellwether trial.
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May 04, 2026
Rival airlines have scrambled to boost routes, plug service gaps and snatch up Spirit Airlines customers in the two days since the budget carrier's demise, raising alarms about what other casualties might be in store for an airline industry reeling from skyrocketing jet fuel costs.
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May 04, 2026
Proskauer Rose LLP submitted its final fee application Friday for its years of work on behalf of the Financial Oversight and Management Board as the representative for the Commonwealth of Puerto Rico in its restructuring case, seeking approval of an aggregate amount of fees and expenses that runs to $179.6 million.
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May 04, 2026
A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would be contrary to U.S. public policy since it would allow the debtor to monetize cannabis-related assets.
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May 04, 2026
Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.
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May 04, 2026
The Delaware Chancery Court this past week handled a wide-ranging docket of deal disputes, advancement fights, stockholder suits and contract claims, with several matters turning on timing, forum limits and the remedies available when transactions or governance agreements break down.
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May 04, 2026
The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been satisfied by his restitution and forfeiture in his criminal case.
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May 02, 2026
Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.
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May 01, 2026
The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement that will provide $800 million in compensation to the 1,300 plaintiffs.
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May 01, 2026
The founder of Bang Energy drinks can't proceed with a lawsuit alleging an attorney manipulated the legal system to strip his control of a real estate company, a Florida federal judge ruled, saying he can't challenge state court rulings with his lawsuit and dismissed the action as a "shotgun pleading."