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Expert Analysis

Ambiguity Ruling Highlights Deference To Arbitral Process

A New York federal court’s recent ruling in Eletson v. Levona, which remanded an arbitral award for clarification,... (more story)

Justices' Ch. 11 Ruling Is A Big Moment For Debtors' Insurers

The U.S. Supreme Court’s recent Truck Insurance v. Kaiser Gypsum ruling upends decades of Chapter 11 bankruptcy ju... (more story)

SVB Ch. 11 Shows Importance Of Filing Proof Of Claim Early

After a New York bankruptcy court’s recent ruling in SVB’s Chapter 11 case denied late claims filing requests rela... (more story)

Large Cap More

Embattled Texas Law Firm Wants More Time For Ch. 11 Plan

Troubled Houston law firm MMA Law asked a Texas bankruptcy court to extend the exclusivity period to file a Chapter 11 plan for 120 more days, with a current filing exclusivity period set to end in early August.

Hertz Tells Chancery Warrant Holders Are Misreading Contract

A pair of investment funds that acquired 9 million warrants from Hertz after its bankruptcy and later sued the car rental company for breach of contract misinterpreted the warrant agreement, and their lawsuit ... (more story)

US Trustee Asks To Block Terraform's Singapore Suit Deal

The U.S. Trustee's Office asked a Delaware bankruptcy judge to reject cryptocurrency firm Terraform Labs PTE Ltd. settlement with claimants in a $57 million Singaporean lawsuit, saying it would treat the claim... (more story)

SVB Caymans Branch Liquidators Seek $294M Clawback

The liquidators of the Cayman Islands arm of Silicon Valley Bank asked a New York bankruptcy judge to claw back a $294 million dividend paid in 2022 to the bank's now-bankrupt parent company, saying Silicon Va... (more story)

8 Firms Guide Pair Of IPOs For Health Provider, Airline Giant

Occupational health services provider Concentra Group Holdings Parent Inc. and South American air travel giant Latam Airlines Group SA debuted in trading Thursday after pricing listings that nearly raised $1 b... (more story)

Online Education Group 2U Hits Ch. 11 With Over $944M Debt

2U Inc., a remote learning and accreditation group, and a handful of affiliates filed for Chapter 11 protection in New York on Thursday with plans to cut some $486 million in debt from its balance sheet and ex... (more story)

Exxon, QatarEnergy Can Boot LNG Contractor In Ch. 11 Deal

A Texas bankruptcy judge on Wednesday approved a settlement in which Zachry Industrial, the general contractor hired to build a liquefied natural gas facility co-owned by ExxonMobil and QatarEnergy, will exit ... (more story)

Failed Bank, FDIC Continue Fight Over $1.9B Account Claims

A New York bankruptcy judge on Wednesday heard arguments on the Chapter 11 plan of the parent company of the failed Silicon Valley Bank, alongside separate arguments on the fate of $1.9 billion in funds curren... (more story)

Byju's Asks Del. Justices To Undo Lenders' Chancery Win

The bankrupt U.S. arm of India-based educational technology giant Byju's told the Delaware Supreme Court Wednesday that its dispute with a consortium of lenders belongs in New York and argued that the state's ... (more story)

Rite Aid's Elixir Buyer Must Pay Additional $50M In Ch. 11 Sale

Prescription benefits group MedImpact owes an extra $50 million on top of $576 million it paid Rite Aid for its former benefits division Elixir, a New Jersey bankruptcy judge ruled Wednesday, saying his earlie... (more story)

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Judge Says Gateway Pundit Parent Filed Ch. 11 In Bad Faith

A Florida bankruptcy judge Thursday dismissed the Chapter 11 case of far-right media outlet The Gateway Pundit's parent company as a bad faith attempt to shield its founder from liability in a defamation suit ... (more story)

Pioneer Health Seeking More Ch. 11 Financing To Fund Sale

Orthopedic clinic operator Pioneer Health Systems LLC is hoping to cobble together additional debtor-in-possession financing to fund a Chapter 11 sale process, its attorney told a Delaware bankruptcy judge Thursday.

NYC's Gotham Restaurant Bankrupt After Payroll Scam

Gotham Restaurant, an upscale eatery in New York City, is seeking Chapter 11 Subchapter V bankruptcy protection with $1.15 million of unsecured claims, as it struggled to fully resume operations after a cyber-... (more story)

Vintage Wine Estates Can Tap Into $60.5M DIP Financing

Bankrupt wine producer and processor Vintage Wine Estates received permission Thursday from a Delaware bankruptcy judge to begin borrowing under a $60.5 million debtor-in-possession financing package being pro... (more story)

Allievex To Liquidate In Chancery's Bankruptcy Alternative

A subsidiary of Rock Creek Advisors LLC created to administer the liquidation of Allievex Corp.'s assets to pay creditors notified Delaware's chancery court on Wednesday that the therapeutics company was insol... (more story)

Ex-McElroy Deutsch Exec Says Ch. 11 Doesn't Pause Claims

A former McElroy Deutsch executive told a New Jersey state court that just because her husband — former McElroy Deutsch chief financial officer John Dunlea — has filed for bankruptcy does not mean she needs to... (more story)

Vintage Wine Estates Hits Ch. 11 With Intent To Sell Assets

Vintage Wine Estates, which owns 30 wine brands in California, Oregon and Washington, filed for Chapter 11 protection Wednesday with a plan to sell its assets after post-pandemic wine demand dropped.

UK Bans 830 Directors For COVID Loan Abuse In 12 Months

Hundreds of company directors have been banned in the last year as a result of COVID loan abuse, the Insolvency Service said Wednesday, adding that it has recovered almost £3 million ($3.8 million) of taxpayers' money.

Rudy Giuliani Says MyPillow CEO Covered His RNC Travel

Rudy Giuliani clarified Tuesday that his travel to and from the Republican National Convention was covered by MyPillow CEO Mike Lindell's conservative media outlet FrankSpeech, according to a filing in New Yor... (more story)

Cannabis Industry Stakeholders Weigh In On Rescheduling

As the period for public comment on the Biden administration's proposal to reclassify marijuana came to a close Monday, anti-legalization activists, marijuana industry advocates and state cannabis regulators e... (more story)