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Giuliani Booted, Purdue Regroups, Redbox Pivots
Red Lobster Wrangles Shrimp Supplier While Seeking Buyer
Behind Ex-McElroy Deutsch CFO's Ch. 11
Giuliani Booted, Purdue Regroups, Redbox Pivots
Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.
Red Lobster Wrangles Shrimp Supplier While Seeking Buyer
Red Lobster is facing a mountain of objections to the cure amounts it proposed paying landlords and vendors, including its key shrimp supplier, which says it wants to ensure that its agreement is embraced by whoever ends up buying the casual dining seafood chain.
Behind Ex-McElroy Deutsch CFO's Ch. 11
McElroy Deutsch Mulvaney & Carpenter's former chief financial officer, who has admitted to skimming off $1.5 million from his firm, has filed for bankruptcy in New Jersey as he faces both a civil suit and criminal charges over the embezzlement.
Expert Analysis
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The New York attorney general cast the National Rifle Association as unrepentant and unreformed as a second-phase bench trial began in state court Monday, after a jury had found the group and its ex-officers l... (more story)
A Kansas federal judge held firm Monday on her decision to throw out Yellow Corp.'s $137 million lawsuit against the Teamsters, in which the trucking company accused the union of driving it into bankruptcy by ... (more story)
FTX Trading Ltd. asked a Delaware bankruptcy judge to sign off on a settlement with the U.S. Commodity Futures Trading Commission, saying the agreement to allow the agency a $4 billion claim in its bankruptcy ... (more story)
Talc mining companies Imerys and Cyprus Mines asked the Delaware bankruptcy court to approve a Chapter 11 settlement in which Johnson & Johnson would pay $505 million in cash and insurance proceeds into a talc... (more story)
The Pension Benefit Guaranty Corp. has filed a motion for partial summary judgment in the Chapter 11 case of trucking firm Yellow Corp., telling a Delaware bankruptcy judge the $7.8 billion dispute over Yellow... (more story)
Disgraced lawyer Tom Girardi's defense attorneys want to push back his closely watched wire fraud trial to October from its current August start date, claiming they've been "misled" by "sharp-elbowed" federal ... (more story)
A Delaware bankruptcy judge Monday approved a deal to end attempts by WOM SA noteholders to dismiss the Chilean telecommunications company's Chapter 11 case, overriding objections to the payment of $10 million... (more story)
Andrew Kissner of Morrison Foerster has represented bondholders in the lengthy and novel bankruptcy of the Puerto Rico commonwealth and was recently recognized for his more than 1,000 hours of pro bono service... (more story)
Law360 is pleased to announce the Rising Stars of 2024, our list of 158 attorneys under 40 whose legal accomplishments belie their age.
A Delaware bankruptcy judge on Friday told the unsecured creditors of Invitae that they had not shown it was worthwhile to allow them to challenge the bankrupt genetic testing company's 2023 debt refinancing.
Mid Cap More
The Federal Circuit on Monday upheld the rejection of an embattled government contractor's claim for $13.5 million in restocking fees after the Federal Emergency Management Agency sharply reduced the amount of... (more story)
The owner of a bankrupt government water contractor has been indicted on perjury charges, accused of falsifying the company's bankruptcy filings by failing to report millions in assets transferred to her and o... (more story)
A Connecticut federal judge won't toss a Chapter 7 bankruptcy trustee's lawsuit claiming that three former engineering company executives transferred $59.7 million to a holding entity and sent the company into... (more story)
Teen apparel retailer rue21 received approval Monday to dismiss its Chapter 11 case after it agreed to narrow who would be protected from potential legal liability as it winds down.
A company owned by convicted insurance mogul Greg Lindberg wants to end a fight against North Carolina's liquidation of an insurer, saying that it desires to withdraw its case in the state Court of Appeals.
A Texas bankruptcy judge said Monday he will grant SouthRock Capital Ltda., a Brazilian private equity company that operates international food brands including Starbucks and TGI, U.S. recognition of its forei... (more story)
Lawyers for the Roman Catholic Diocese of San Diego told a California bankruptcy judge Friday that the diocese is hoping to kick off new mediation efforts as it works to resolve more than 450 sexual abuse laws... (more story)
Rudolph W. Giuliani, former mayor of New York City and legal adviser to Donald Trump, had his Chapter 11 case dismissed Friday by a New York bankruptcy judge, who found that Giuliani's missing financial disclo... (more story)
Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, sayi... (more story)
A Texas bankruptcy judge Thursday told pipe distributor Tubular Synergy Group LP he would carefully monitor its use of its main lender's cash collateral to continue to do business, while he approved a slate of... (more story)