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Ebix Ch. 11 Exit Hinges On Judge's Third-Party Release Ruling
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Meet The Attorneys In Machine Toolmaker Hardinge's Ch. 11
J&J Ch. 11 Tossed, Steward Gets Subpoena, Zachry Settles
Ebix Ch. 11 Exit Hinges On Judge's Third-Party Release Ruling
Ebix Inc. is on track to turn over its business to its chief executive as the insurance software company prepares to exit bankruptcy, but the debtor first needs to win a Texas bankruptcy judge's approval of contested third-party releases contained in its Chapter 11 plan.
Meet The Attorneys In Machine Toolmaker Hardinge's Ch. 11
A team of lawyers from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP is guiding machine toolmaker Hardinge's Chapter 11 case in Delaware, with a plan to sell its assets.
J&J Ch. 11 Tossed, Steward Gets Subpoena, Zachry Settles
The Third Circuit threw out Johnson & Johnson's second attempt to use bankruptcy to deal with mass talc litigation, Red Lobster won court approval to solicit votes on its Chapter 11 plan, and a Senate committee voted to approve an investigation into bankrupt Steward Health Care and subpoena its chief executive officer. This is the week in bankruptcy.
Expert Analysis
A New York bankruptcy court’s recent ruling in airline holding company SAS’s Chapter 11 case — addressing the appl... (more story)
A New York federal court’s recent ruling in Eletson v. Levona, which remanded an arbitral award for clarification,... (more story)
The U.S. Supreme Court’s recent Truck Insurance v. Kaiser Gypsum ruling upends decades of Chapter 11 bankruptcy ju... (more story)
Large Cap More
FTX customers told a Florida federal judge on Tuesday that Sullivan & Cromwell LLP can't dismiss customer claims it aided and abetted the defunct cryptocurrency exchange's fraud as "speculative allegations" wh... (more story)
A New York federal judge on Tuesday allowed ex-FTX executive Ryan Salame to delay his surrender date to begin his prison term from August to October, as he was forced to undergo medical treatment and surgery a... (more story)
A Texas bankruptcy judge declined to rule Tuesday on Ebix Inc.'s request for Chapter 11 plan confirmation, telling the parties he needed more time to sort out a dispute over third-party releases contained in t... (more story)
The Commonwealth of Massachusetts has told a Texas bankruptcy judge that its agreement to pay $30 million to debtor Steward Health Care is designed to help fund operations at the debtor's struggling hospitals ... (more story)
A North Carolina investment adviser lied to clients about the safety of their investments when he sold them on risky corporate bonds issued by a financial services company that went bankrupt, the U.S. Securiti... (more story)
Comcast has reached an agreement with the bankrupt owner of Bally Sports to again distribute its regional sports networks to Xfinity TV customers, according to an announcement made Monday.
A New York bankruptcy judge Monday chided the administrators of the remaining assets of defunct cryptocurrency investment platform Celsius Network for what he said were undisclosed limits on crypto distributio... (more story)
Defunct electric-vehicle maker Fisker Inc. told a Delaware bankruptcy judge on Monday it had reached an agreement with secured creditors to postpone conversion of its insolvency case to a Chapter 7 liquidation... (more story)
American Express reached a $3 million deal to settle claims brought by the Girardi Keese bankruptcy trustee accusing the credit giant's banking unit and another subsidiary of enabling $50.25 million in fraudul... (more story)
A California real estate entity urged a Delaware bankruptcy judge to let it reclaim all of a $1.5 million deposit it made in connection to the estate of 99 Cents Only, saying the money was required to attend a... (more story)
Mid Cap More
A Delaware bankruptcy judge said she would give interim approval to New York-based metal-cutting machine toolmaker Hardinge Inc. to access up to $24.2 million of a $27.35 million package to fund its Chapter 11... (more story)
A Virginia bankruptcy judge Tuesday approved a settlement of more than $1.4 million of claims against the estate of the defunct LeClairRyan law firm by two former firm attorneys.
A bankruptcy trustee who is removed can't retroactively receive administrative expenses, the Fourth Circuit has ruled, saying a former bankruptcy trustee is not allowed to later file an application for professional fees.
Bankrupt New York City condominium complex Hudson 888 Owner told a bankruptcy judge Tuesday that it is days away from reaching a settlement for its Chapter 11 plan, which will see it hand over its real estate ... (more story)
The Ninth Circuit ruled that a debtor in a Chapter 7 bankruptcy case in Washington state cannot pursue above-limit homestead exemption and that the remaining proceeds of her property should go to the bankruptc... (more story)
A Connecticut state court judge on Monday chided attorneys for an eleventh-hour filing and other missed deadlines on behalf of a couple lodging malpractice claims against Evans & Lewis LLC, blocking the wife f... (more story)
Dentons has brought on a former Foley & Lardner LLP senior counsel with a background in creditors' rights, out-of-court workouts and restructurings, and commercial litigation, strengthening its Chicago office ... (more story)
New York-based metal-cutting machine toolmaker Hardinge Inc. filed for Chapter 11 protection in Delaware bankruptcy court Monday with more than $100 million in debt and plans for a bankruptcy sale.
A Florida bankruptcy judge said on Friday that she will conditionally approve disclosures for Red Lobster's reorganization plan after the seafood chain agreed to add "opt in" procedures that some creditors can... (more story)
The U.S. Trustee's Office on Friday objected to the bidding procedures proposed by bus line operator Coach USA, arguing that a requirement in the company's debtor-in-possession loan agreement to set aside $3.5... (more story)