Manhattan federal prosecutors urged a lenient sentence for former FTX technology chief Zixiao "Gary" Wang, telling the court on Wednesday that his "outstanding cooperation" was instrumental in securing the lig... (more story)

Former used-car retailer Vroom, prison healthcare provider Wellpath and film production services company Film Finances have all filed for Chapter 11 bankruptcy protection, citing economic difficulties in the w... (more story)

Purdue Pharma LP has agreed to some terms for a new settlement with certain members of the Sackler family, including key provisions governing the scope of liability releases and how much money the family will ... (more story)

A Texas bankruptcy judge on Wednesday shot down a request to form an official committee for tort claimants in the Chapter 11 of hospital operator Steward Health Care, saying there was no evidence that the unse... (more story)

The Texas federal court overseeing a U.S. Trustee's Office probe of a former Jackson Walker LLP partner's undisclosed relationship with a then-bankruptcy judge has given the firm until Friday to turn over its ... (more story)

As commercial real estate distress continues to play out, attorneys are seeing lenders adopt new strategies to save or reduce their exposure to troubled assets, sometimes working in tandem with investors looki... (more story)

Representatives of the Chapter 11 estate of cryptocurrency company Celsius Network on Wednesday told a New York bankruptcy judge they recovered $92 million in litigation proceeds in the third quarter and are a... (more story)

A Texas bankruptcy judge Tuesday appointed a future claims representative for the Chapter 11 case of Johnson & Johnson's talc unit that had served in that capacity in the parent company's two prior attempts to... (more story)

Bankrupt cryptocurrency exchange FTX filed roughly 30 suits in a bid to recoup millions of dollars donated to political and charitable causes, losses caused by alleged market manipulation, and funds spent on b... (more story)

Ex-Celsius Network CEO Alex Mashinsky must face claims that he committed commodities and securities fraud and manipulated his now-bankrupt business's proprietary token after a New York federal judge declined t... (more story)

A Delaware bankruptcy judge Wednesday agreed to approve the Chapter 11 plan of battery company Ambri Inc., which will sell its assets to its lenders and wind down.

A Delaware bankruptcy judge Wednesday confirmed the Chapter 11 plan of popular New York-area chicken restaurant chain Sticky's that includes a $300,000 equity infusion from existing investors.

A Delaware bankruptcy judge has approved Blink Fitness' $121 million sale of its assets to U.K.-based PureGym Ltd., whose subsidiary won an auction held late last month, overruling objections over the auction'... (more story)

The litigation trustee for bankrupt kitchenware maker Instant Brands Wednesday filed suit in Texas bankruptcy court accusing the company's equity owner of lying to lenders and sending the company into Chapter ... (more story)

Vaccine developer Gritstone bio Inc. won a Delaware bankruptcy judge's approval Wednesday to borrow $25 million in new financing to support itself in Chapter 11 as the biotechnology company works to find a buyer.

Former used car seller and financier Vroom Inc. filed for Chapter 11 bankruptcy Wednesday in Texas with a prepackaged plan to swap $290 million of debt for the bulk of the equity in a reorganized business.

A Delaware bankruptcy judge agreed Tuesday to approve a $20 million sale and a final debtor-in-possession loan for dental technology maker Biolase Inc., which reported it worked out a deal and revised budget f... (more story)

Lowenstein Sandler LLP announced Tuesday that the former general counsel at crypto exchange FTX will join the firm's New York office as a partner and chair of its new commodities, futures and derivatives practice group.

DLA Piper has hired an experienced restructuring expert from Dechert LLP to its practice in London, as the firm braces for continued global financial distress driven by geopolitical turmoil and macroeconomic headwinds.

The Sixth Circuit has again rejected an appeal from South Korean claimants who sought replacement checks from a Dow Corning breast implant settlement fund, finding in claimants' fifth trip to the appeals court... (more story)