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Catching Up With New Bankruptcy Case Action
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceedings with more than $1 billion in debt and an equity swap agreement.
Meet The Attys Driving Crypto Group Multichain's Ch. 15
Singaporean liquidators winding up troubled blockchain technology firm Multichain Foundation have asked a New York bankruptcy judge for Chapter 15 status to freeze a New York state court lawsuit over $63 million in stolen funds. Representing Multichain's liquidators are a trio of attorneys from Cahill Gordon & Reindel LLP who have backgrounds in crypto, bankruptcy and litigation.
The Lone Ranger Facing A BigLaw Powerhouse At High Court
It might seem curious for a solo practitioner to decline offers of professional assistance in his first U.S. Supreme Court case. It might seem risky to go it alone against a BigLaw team led by an appellate icon. But a legal lone ranger arguing Tuesday at the high court is feeling confident, and he does have a friend proofreading briefs, just to be safe.
Catching Up With New Bankruptcy Case Action
An RV fridge supplier entered bankruptcy with over $300 million in debt, a New York City gay bar was pushed into Chapter 11 by a foreclosure case, and a real estate investment trust began insolvency proceedings with more than $1 billion in debt and an equity swap agreement.
Meet The Attys Driving Crypto Group Multichain's Ch. 15
Singaporean liquidators winding up troubled blockchain technology firm Multichain Foundation have asked a New York bankruptcy judge for Chapter 15 status to freeze a New York state court lawsuit over $63 million in stolen funds. Representing Multichain's liquidators are a trio of attorneys from Cahill Gordon & Reindel LLP who have backgrounds in crypto, bankruptcy and litigation.
The Lone Ranger Facing A BigLaw Powerhouse At High Court
It might seem curious for a solo practitioner to decline offers of professional assistance in his first U.S. Supreme Court case. It might seem risky to go it alone against a BigLaw team led by an appellate icon. But a legal lone ranger arguing Tuesday at the high court is feeling confident, and he does have a friend proofreading briefs, just to be safe.
Expert Analysis
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Large Cap More
Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, filed for bankruptcy protection in Texas to trim €1.3 billion ($1.5 billion) of debt from its balance sheet through a debt-for-equity s... (more story)
The federal judge overseeing GWG Holdings' bankruptcy case has been removed because of his professional relationship with embattled former U.S. Bankruptcy Judge David R. Jones, a decision the chief bankruptcy ... (more story)
The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which he served as ... (more story)
Bankrupt auto parts company First Brands has sued its founder and ex-CEO, saying he "lined his pockets" with hundreds of millions and possibly billions of dollars in company money, draining its accounts and pa... (more story)
Covington & Burling LLP and Reed Smith LLP have brought an adversary lawsuit against onetime ventilator maker Vyaire Medical and its Chapter 11 plan administrator in Delaware bankruptcy court, alleging the com... (more story)
A New York bankruptcy judge on Tuesday approved a settlement with unsecured creditors of Azul SA and said he would send the Brazilian airline's $2.5 billion Chapter 11 equity swap plan out for a creditor vote.
Winston & Strawn LLP is asking a Texas bankruptcy court to toss a lawsuit from the trustee of self-styled "anti-woke" financial technology startup GloriFi, saying that holding the law firm responsible for the ... (more story)
Boies Schiller Flexner LLP this week announced two prominent hires — a Herrick Feinstein LLP attorney with a history of working on multibillion-dollar restructurings and a firm alum from The Walt Disney Co. wh... (more story)
The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases taski... (more story)
A Texas bankruptcy judge instructed a troubled real estate investment trust Monday to enter mediation with a group of secured noteholders to avoid adversary litigation in the trust's Chapter 11 case for a few ... (more story)
Mid Cap More
Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.
How can a U.S. Supreme Court advocate persuade the justices to spurn the near-universal views of circuit courts? One option appeared Tuesday at arguments over deadlines to vacate judgments, as a Williams & Con... (more story)
Nearly a dozen investors have filed an amended lawsuit in California state court alleging Los Angeles Clippers owner Steve Ballmer and others, including BakerHostetler, helped financial technology company Aspi... (more story)
Illinois-based bowling-and-bistro operator Pinstripes has asked the Delaware bankruptcy court to convert its chapter 11 proceedings to a Chapter 7 liquidation, saying the move will allow a trustee to complete ... (more story)
Cajun restaurant chain Razzoo's Inc. is hoping to complete a Chapter 11 sale by the end of December, according to bidding procedures that were approved at a hearing Tuesday.
A Delaware bankruptcy judge Tuesday gave interim approval to recreational vehicle fridge seller Norcold's $13 million debtor-in-possession loan, freeing up $6.5 million in funds as it works to sell its assets in Chapter 11.
Balcon Salon, a gay bar in Manhattan's Hell's Kitchen neighborhood, received a New York bankruptcy judge's permission Tuesday to pay employee wages and taxes that accrued ahead of its Chapter 11 filing late last week.
A Delaware bankruptcy judge on Monday gave the trustee overseeing the Chapter 7 of casino developer Diamondhead Casino Corp. the go-ahead to put the vacant proposed casino site on the auction block in January.
A gay bar in Manhattan's Hell's Kitchen neighborhood entered bankruptcy in New York after its largest secured creditor sought to foreclose on it for a bit over $7 million, saying the lender has been unwilling ... (more story)
From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.