Under The Radar: Bankruptcy News You May Have Missed
A Pennsylvania coal company and creditors for an orthopedic implant maker are looking to end their respective Chapter 11 cases, the trustee for Bernie Madoff's investment firm has struck a deal with a feeder fund, and a movie production company wants permission to pay "key" employees to stay on board until the end of its own Chapter 11.
5th Circ. Sanchez Ruling Nixes Double-Dip Ch. 11 Decision
A recent Fifth Circuit decision that stripped unsecured creditors of majority control over oil driller Sanchez Energy criticized a Texas court for letting the lower-ranked investors "have their cake and eat it too," finding that a bankruptcy judge erred in allowing unsecured creditors to recover the value of property that already had been returned.
Policy Uncertainty Over Tax Credits Led Mosaic To Ch. 11
A shrinking solar energy market and unclear prospects surrounding federal tax credits for solar panels prompted solar panel financing firm Mosaic to file a Chapter 11 petition just a few days before a major residential solar panel designer, Sunnova Energy, launched its own bankruptcy case.
Under The Radar: Bankruptcy News You May Have Missed
A Pennsylvania coal company and creditors for an orthopedic implant maker are looking to end their respective Chapter 11 cases, the trustee for Bernie Madoff's investment firm has struck a deal with a feeder fund, and a movie production company wants permission to pay "key" employees to stay on board until the end of its own Chapter 11.
5th Circ. Sanchez Ruling Nixes Double-Dip Ch. 11 Decision
A recent Fifth Circuit decision that stripped unsecured creditors of majority control over oil driller Sanchez Energy criticized a Texas court for letting the lower-ranked investors "have their cake and eat it too," finding that a bankruptcy judge erred in allowing unsecured creditors to recover the value of property that already had been returned.
Policy Uncertainty Over Tax Credits Led Mosaic To Ch. 11
A shrinking solar energy market and unclear prospects surrounding federal tax credits for solar panels prompted solar panel financing firm Mosaic to file a Chapter 11 petition just a few days before a major residential solar panel designer, Sunnova Energy, launched its own bankruptcy case.
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Large Cap More
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The Third Circuit declined to hold a panel or full court rehearing of its May decision to uphold the Boy Scouts of America's Chapter 11 bankruptcy plan in a pair of Friday orders rejecting petitions by two set... (more story)
Failed life insurance-backed bond seller GWG Holdings Inc. won a Texas bankruptcy judge's approval Friday of four settlements totaling $91.3 million with parties including Mayer Brown LLP and the company's for... (more story)
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Everstream, a provider of fiber networks to businesses, has retained a team of lawyers from Weil Gotshal & Manges LLP to aid its journey through a bankruptcy it started with plans to conduct a Chapter 11 sale to a competitor.
Residential solar panel group Sunnova Energy received a Texas bankruptcy judge's interim approval Thursday for a debtor-in-possession loan and an asset sale, freeing up another $31 million to fund its Chapter 11 case.
A Delaware bankruptcy judge Thursday agreed to give interim permission for automotive parts manufacturer Marelli Corp. to draw on $519 million of its $2 billion debtor-in-possession financing, giving it runway... (more story)
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Mid Cap More
Bankrupt mining operation Heritage Coal completed a Chapter 11 auction for its assets late Thursday, with a $21.6 million joint bid emerging as the highest and best offer, according to court filings.
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The privacy expert probing 23andMe's proposed sale of customers' genetic data in bankruptcy told a Missouri federal judge Wednesday that he couldn't determine the deal wouldn't violate state privacy laws and r... (more story)
An unsecured-creditor committee has asked a Connecticut federal bankruptcy judge to sanction a successor to an entity that lent $57 million to the bankrupt real estate and building companies behind a luxury Ne... (more story)
The Third Circuit said Thursday that it will reconsider whether to reopen Congoleum Corp.'s 2003 Chapter 11 bankruptcy so the bankruptcy court, not a district court, can say whether Congoleum affiliate Bath Ir... (more story)
Contour Spa LLC, a Florida-based chain of fat-burning med spas, filed for Chapter 11 protection after a rapid expansion and a sprawling and decentralized operational system led to financial challenges that ate into revenues.
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Delaware boutique firm Landis Rath & Cobb LLP has brought on a former Pachulski Stang Ziehl & Jones LLP attorney to enhance its ability to advise clients on Chapter 11 and other bankruptcy proceedings and related litigation.
A Pennsylvania appellate panel affirmed a decision backing the borough of West Mifflin's condemnation of a local mall, rejecting the property owner's argument that its due process rights were violated.