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Large Cap More

Multi-Color Inks Deal With Creditors On $3.9B Debt-Cut Plan

Multi-Color Corp. told a New Jersey bankruptcy judge Wednesday it had reached a settlement with creditors that resolves almost all objections to a Chapter 11 plan that would let the label maker eliminate $3.9 ... (more story)

Cumulus Media Gets OK For $592M Debt-Swap Ch. 11 Plan

A Texas bankruptcy judge Wednesday approved radio giant Cumulus Media's $592 million debt-for-equity Chapter 11 plan, overruling arguments from the U.S. Trustee's Office that the plan's third-party claims rele... (more story)

VC Apple Tree Can Stay In Ch. 11 While Cayman Case Restarts

A Delaware bankruptcy judge has denied a Russian billionaire's bid to dismiss the Chapter 11 case of biotechnology investment company Apple Tree Life Sciences Inc. but said she would allow a winding-up proceed... (more story)

Solar Co. Freedom Forever Hits Ch. 11 With Over $500M Debt

California-based home solar panel installer Freedom Forever filed for Chapter 11 protection in Delaware bankruptcy court Wednesday with more than $500 million in debt, including $114 million owed to residentia... (more story)

Trustee's Office Balks At Spirit Disclosure, Wants More Info

The U.S. Trustee's Office asked a New York bankruptcy judge to reject Spirit Airlines' bid to take a Chapter 11 plan to a vote, saying the debtor's disclosure statement regarding the plan is too thin.

IHC's Ch. 11 Mediation Ask 'Jumped The Gun,' Creditors Say

Lenders and unsecured creditors to Inspired Healthcare Capital have told a Texas bankruptcy court it is too soon in the senior-living facility group's Chapter 11 case to appoint a mediator, arguing its mandato... (more story)

Saks Gets OK To Sell Corporate Jet For $6M In Ch. 11

Saks Global Enterprises LLC on Tuesday secured a Texas bankruptcy judge's approval to sell a company jet for $6 million in the luxury retailer's Chapter 11 case.

Omnicare OK'd For Ch. 11 Auction With $250M Base Bid

Pharmacy services provider Omnicare's choice of a $250 million stalking horse bid for its assets was approved Tuesday by a Texas bankruptcy judge, setting up a possible auction in May.

VC Apple Tree Seeks $7M As Judge Mulls Ch. 11 Funding Fight

Biotech investor Apple Tree Life Sciences Inc. asked a Delaware bankruptcy judge to let it use $7 million from a larger funding motion she has yet to rule on, saying it needs the money for operating expenses a... (more story)

Judge OKs Steward Discovery Of Blue Cross Affiliate

A Texas bankruptcy judge on Monday denied a motion by Louisiana's Blue Cross affiliate to quash discovery requests concerning what the litigation trustee for bankrupt hospital chain Steward Health says are at ... (more story)

Mid Cap More

Vanderbilt's Jones Day Hire Delayed Over Evidence Additions

A New York bankruptcy judge allowed creditors of bankrupt talc producer Vanderbilt Minerals to supplement the record with additional evidence related to the debtor's proposed hire of the Jones Day firm as its ... (more story)

Wage Suit Against Esports Co.'s CEO Can't Proceed In Conn.

A federal judge ruled that a former employee of a bankrupt esports company cannot pursue a Connecticut wage claim against the company's CEO in that state, saying it would impose an "immense burden" on the Cali... (more story)

Legal App Co-Founders Can't Duck £920K Loan Demand

The co-founders of a defunct online legal adviser failed to block a creditor's demand for a £920,000 ($1.25 million) loan repayment, as a London court on Tuesday rejected their "vague and unparticularized" cla... (more story)

Fla. Court Delays Cosmetic Co. Ch. 11 Plan Over Claim Protest

A Florida bankruptcy judge delayed confirming a cosmetic company's reorganization plan Monday after a creditor protested that its claim was inequitably subordinated in favor of a lender, which agreed to conver... (more story)

Cardi B Wants Sanctions Against YouTuber Who Owes $4M

Rapper Cardi B has urged a Florida bankruptcy judge to sanction Tasha K, alleging the bankrupt YouTuber has been defying the terms of her own Chapter 11 Subchapter V plan by continuing a pattern of disparaging... (more story)

Battery Recycler Wants Ch. 11 Sale Plan That Ends In Mid-May

Battery recycling company Ascend Elements has filed a proposed bidding procedures motion in its Texas Chapter 11 case, seeking to hold a hearing for a sale of its assets by May 17.

Aspiration's Ch. 7 Trustee Sues To Block Calif. Fraud Suit

The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the... (more story)

Lowenstein Sandler Lands 4-Atty Polsinelli Bankruptcy Team

Lowenstein Sandler LLP expanded its newly launched Wilmington, Delaware, office this week with the addition of a four-attorney bankruptcy team from Polsinelli PC, including the former co-chair of Polsinelli's ... (more story)

SEC Suit Over $200M Water Machine Scheme Put On Ice

A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that allowing discovery... (more story)

Big Banks Say They Were Victims Of Tricolor Fraud Scheme

JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor ... (more story)

Expert Analysis

What A Court Doc Audit Reveals About Erroneous Filings

My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, wit... (more story)

Getting The Most Out Of Learning And Development Programs

Junior associates can better develop the legal, business and interpersonal skills they need for long-term success ... (more story)

AI Presents A Make-Or-Break Moment For Outside Counsel

The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of th... (more story)