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Expert Analysis

Chapter 11 Ruling Signals Emphasis On Lockup Provisions

A New York bankruptcy court's recent ruling in GOL Linhas Aéreas Inteligentes’ Chapter 11 case provides creditors ... (more story)

Vendor Rights Lessons From 2 Chapter 11 Cases

A Texas federal court’s recent critical vendor order in the Zachry Holdings Chapter 11 filing, as well as a settle... (more story)

Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?

A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind a... (more story)

Large Cap More

V&E Can Advise Wood Pellet Co. Enviva In Ch. 11, Court Says

Months after a Virginia bankruptcy court blocked Vinson & Elkins LLP from representing Enviva in the wood pellet maker's Chapter 11 case due to a possible conflict of interest, the court has reversed course, p... (more story)

Former Texas Judge Sanctioned Over Atty Romance Interview

Former bankruptcy judge David R. Jones was sanctioned Friday for an "off the record" interview with Jackson Walker LLP, in which he asked the firm not to take his deposition during a federal investigation into... (more story)

Steward Health Gets OK For $245M Sale Of Doctor Network

A Texas bankruptcy judge on Friday gave bankrupt hospital operator Steward Health Care the go-ahead to sell its physician network to an affiliate of private equity firm Kinderhook Capital for $245 million.

Parsons Behle Continues Growth With Southern Utah Office

Utah-based law firm Parsons Behle & Latimer PC has added its 11th office by adding five attorneys from St. George, Utah, business law firm Gallian Welker & Associates.

Talc Jury Delivers $63M Verdict Against J&J, Beauty Care Co.

A South Carolina jury awarded a cancer patient more than $63 million Thursday after he said he developed terminal lung cancer from breathing in asbestos during daily use of Johnson & Johnson's talc-based baby powder.

Tom Girardi Has Dementia, USC Neurologist Tells Calif. Jury

A University of Southern California neurology professor testified Thursday in Tom Girardi's California federal criminal trial that she diagnosed him with mild-to-moderate dementia months after his law firm col... (more story)

Price-Fixing Claims Against Par Pharma Tossed After Ch. 11

A Connecticut federal judge on Thursday tossed Par Pharmaceutical Cos. Inc. from two price-fixing lawsuits after the defendant and its parent, Endo International PLC, recently filed the Chapter 11 reorganizati... (more story)

Baha Mar Builder Blames Developer Debt As $1.5B Trial Wraps

Counsel for the Chinese state-owned construction firm that built the Bahamian luxury resort Baha Mar closed out a bench trial in New York state court on Thursday arguing that it was the resort developer's over... (more story)

Talc Miners Defend $505M J&J Deal From Insurer Objections

Two bankrupt former talc suppliers defended their proposed $505 million liability deal with Johnson & Johnson on Thursday before a Delaware bankruptcy judge who authorized discovery into the settlement by objecting insurers.

A&O Shearman Promotes 3 Attys As Latin America Co-Heads

Three Allen Overy Shearman Sterling partners have been elevated as co-heads of the firm's Latin America practice, the firm has announced.

Mid Cap More

Bittrex Can Close Case But Must Set Aside $3.4M, Judge Says

A Delaware bankruptcy judge said Friday that defunct cryptocurrency exchange Bittrex Inc. can close its Chapter 11 case on the condition that it reserves $3.4 million in funds for four Iranian customers who ar... (more story)

Ch. 7 Trustee Can't Recover Tax Payment, States Tell Justices

A group of roughly two dozen states threw their support behind the federal government in asking the U.S. Supreme Court to overturn a ruling that forced the IRS to return a tax payment after a bankruptcy truste... (more story)

Sam Ash Music Ch. 11 Plan Hits Right Notes For Judge

A New Jersey bankruptcy judge agreed on Thursday to approve music retailer Sam Ash Music's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office to the proposal's third-party releases.

SEC Defendants Fight Ex-Latham Atty For Whistleblower Docs

A credit reporting agency at the center of a $73 million U.S. Securities and Exchange Commission lawsuit is seeking to force a retired Latham & Watkins LLP partner to hand over his discussions with a pair of S... (more story)

DermTech Gets $1.6M Bid For Assets At Ch. 11 Auction

Skin cancer test maker DermTech Inc. told a Delaware bankruptcy judge on Thursday that after a two-day auction it had a winning bid of $1.575 million for substantially all of its assets, including intellectual property.

Del. Chancery OKs $175M Judgment Against Insys Founder

The convicted founder of drugmaker Insys has told Delaware's Chancery Court he agreed to accept a $175 million judgment as part of a settlement with the company's liquidation trust over his role in an opioid k... (more story)

Fake Prescription Caper Yields $10.2M Fine For Bankrupt Co.

A Manhattan federal judge hit a defunct unit of bankrupt biotechnology concern DMK Pharmaceuticals Corp. with a $10.2 million fine Thursday, after the subsidiary admitted to criminally faking horse-drug prescr... (more story)

Pa. Atty And Wife Apologize To Lawyer For Theft Allegations

A Pennsylvania attorney and his wife have apologized for accusing another attorney of stealing money from a business venture, saying in a court settlement record that they have no evidence that the lawyer comm... (more story)

UAE Defense Manufacturer Paramount Group Hits Ch. 11

Abu Dhabi-based defense company Paramount Group Ltd., which manufactures military aircraft, armored vehicles, maritime systems and equipment, filed for Chapter 11 protection Thursday in the Delaware bankruptcy... (more story)

Girardi Kept 'Opening A Wound,' Tearful Ex-Client Tells Jury

A woman whose son was seriously injured in a car accident shed tears Wednesday while testifying in Tom Girardi's criminal trial, recalling her increasingly desperate attempts to get a final $1 million owed to ... (more story)