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The Story Behind The Redbox Parent Company's Ch. 11
Cash Advance Lenders In Small Biz Bankruptcy Crosshairs
Meet The Attorneys In Delta Apparel's Ch. 11
The Story Behind The Redbox Parent Company's Ch. 11
Chicken Soup for the Soul Entertainment, the parent of DVD rental company Redbox Entertainment Inc., descended into bankruptcy following its acquisition by Apollo Capital Management and racking up unpaid bills to license films.
Cash Advance Lenders In Small Biz Bankruptcy Crosshairs
When Lynda Bui was tapped as the Chapter 7 trustee for a small bankrupt California lighting company called Vario Corp., she initially thought she would not recover any assets in the case, which involved a burdensome stack of ultra-high-interest merchant cash advances.
Meet The Attorneys In Delta Apparel's Ch. 11
A team of lawyers from Polsinelli PC with deep expertise in financial restructuring and bankruptcy transactions is guiding clothing company Delta Apparel Inc. through its Chapter 11, working to help the Georgia-based company achieve its goal of selling a lifestyle brand during the case.
Expert Analysis
After the U.S. Supreme Court recently blocked Purdue Pharma's plan to shield the family that owns the company from... (more story)
While the U.S. Supreme Court's recent decision in Truck Insurance Exchange v. Kaiser allows insurers to be conside... (more story)
The second quarter of 2024 brought two notable bills that will affect Florida's banking and finance community acro... (more story)
Large Cap More
A New Jersey bankruptcy judge Tuesday urged Invitae and its unsecured creditors committee to continue trying to reach a settlement before he issues a preliminary ruling Friday on whether the committee has stan... (more story)
The Fifth Circuit heard oral arguments Tuesday in a case accusing the U.S. Securities and Exchange Commission of shortchanging two whistleblowers who uncovered the largest fraud in Texas history, with one judg... (more story)
Purdue Pharma told a New York bankruptcy judge Tuesday that it plans a two-month "high-speed, high-stakes" attempt to replace the Chapter 11 plan shot down by the U.S. Supreme Court last month before unleashin... (more story)
The foreign representatives of FTX Digital Markets Ltd. asked a Delaware bankruptcy judge to block the litigation administrator of Celsius Network LLC from suing the company in New York, saying the purpose of ... (more story)
Three state attorneys general applied to the U.S. Supreme Court seeking to vacate the stay of a nationwide injunction in an effort to pause implementation of a $475 billion student loan debt forgiveness progra... (more story)
Two former FTX executives who pled guilty and testified for the government at the trial of Sam Bankman-Fried, the collapsed cryptocurrency exchange's founder, will be sentenced this fall, a New York federal ju... (more story)
A Delaware bankruptcy judge on Tuesday said he would give electric-vehicle maker Fisker Group Inc. approval to use cash collateral for another week in its Chapter 11 case after the debtor reassured unsecured c... (more story)
Prominent Chinese Communist Party critic Miles Guo capped off his defense to $1 billion fraud charges Tuesday with testimony from a former U.S. Department of Justice attorney, who admitted to participating in ... (more story)
A former chief financial officer of the National Rifle Association has agreed not to serve as a fiduciary of a New York nonprofit for 10 years as part of a settlement in the state attorney general's suit in st... (more story)
The official committee of unsecured creditors in the Chapter 11 case of drugmaker Purdue Pharma asked a New York bankruptcy judge on Monday for standing to bring actions against members of the Sackler family t... (more story)
Mid Cap More
A subsidiary of bankrupt DMK Pharmaceuticals Corp. faces a $16.9 million criminal fine after pleading guilty to conspiring in a scheme to ship drugs using false prescriptions, federal prosecutors announced Tue... (more story)
Indian healthcare network Glocal said its majority owner, bankrupt telemedicine tech company UpHealth, lied about business delays and exaggerated its finances as leverage in a 2020 acquisition, alleging in a D... (more story)
The operators of a chain of massage therapy franchises in California and Texas filed for Chapter 7 liquidation in Delaware bankruptcy court with nearly $32 million in debt.
Dentons guided the financing for a bankruptcy sale of Brooklyn, New York's, William Vale hotel to EOS Hospitality for $177 million in a stalking horse bid approved by a bankruptcy judge in May.
Unsecured creditors of shipping company Eletson asked a New York bankruptcy judge to reject or pare back fees for Reed Smith, arguing that the law firm's work on the shipper's Chapter 11 plan and disclosure st... (more story)
The New Jersey state appeals court reversed a trial court decision Tuesday and reinstated a malpractice case against a solo practitioner who allegedly blew a filing deadline and caused his clients to lose a se... (more story)
Manhattan prosecutors Tuesday said November is a "realistic" date for Harvey Weinstein's retrial on rape charges as they continue to investigate new claims that the disgraced Hollywood producer assaulted other... (more story)
The liquidating trustee of shuttered law firm LeClairRyan PLLC on Tuesday proposed two settlements with former attorneys to resolve their roughly $2.1 million in claims for $1.4 million by granting them unsecu... (more story)
Rudy Giuliani's unsecured creditors in his Chapter 11 case on Monday slammed the former New York City mayor's bid in New York bankruptcy court to convert the proceedings to a liquidation, saying the move is ju... (more story)
An industrial transportation provider submitted a roughly $8 million stalking-horse offer for some of the remaining assets of intercity bus operator Coach USA, as the insolvent company seeks to sell more of it... (more story)