Delaware firm Morris Nichols Arsht & Tunnell LLP has promoted its director of finance to serve as its chief financial officer to help steer its financial and strategic direction.

Satellite communications company Ligado Networks accused a satellite service provider of breaching a $1.7 billion cooperation deal aimed at facilitating Ligado's terrestrial network operations by failing to up... (more story)

The U.S. government objected to a $535 million settlement that bankrupt talc supplier Whittaker Clark & Daniels reached regarding talc claims in its New Jersey Chapter 11 case, saying the deal was built on fau... (more story)

A Texas bankruptcy judge has approved a nearly $400 million sale of prison healthcare provider Wellpath's behavioral health division, Recovery Solutions.

The $40 billion criminal case against Terraform founder Do Kwon contains evidence such as recordings and seized mobile phones that exceed what securities regulators presented when they prevailed against him at... (more story)

Bankrupt electric vehicle battery maker Northvolt AB received shareholder approval Wednesday to keep its business going, in a move a company spokesperson had called a "procedural step" consistent with Swedish ... (more story)

Investors suing the now-bankrupt oil and gas company Alta Mesa Resources Inc. have asked a Texas federal judge to preliminarily approve a $126.3 million deal to settle claims that the company and its executive... (more story)

A group of former Endo International directors and officers are asking a New York bankruptcy judge to throw out a suit accusing them of driving the company into Chapter 11 by marketing dangerous opioids, argui... (more story)

The former talc suppliers of Johnson & Johnson said Tuesday that staying part of a settlement and a connected bankruptcy sale could bog down their efforts to secure plan confirmations and exit Chapter 11, urgi... (more story)

Satellite and spectrum business Ligado Networks received a Delaware bankruptcy judge's approval Tuesday to borrow a share of $939 million in Chapter 11 financing that the company will use to repay high-ranking... (more story)

A Pennsylvania bankruptcy judge said on Wednesday that he will approve $10.5 million of interim post-petition financing for Corsa Coal Corp. and sign off on other first-day motions.

The new owners of reorganized international shipping group Eletson Holdings are continuing their battle with the company's former owners and their counsel at Reed Smith in litigation over a $102 million arbitr... (more story)

Vancouver-based Felix Payment Systems Ltd. has filed a Chapter 15 petition in North Carolina with CA$19 million ($13.2 million) in liabilities, saying it needs to shield its assets from creditors as it moves t... (more story)

Bankrupt mortgage service provider AmeriFirst Financial Inc. is heading back into mediation with unsecured creditors after a Delaware judge said Wednesday that a resolution is needed in the stagnant Chapter 11 proceedings.

A Texas bankruptcy judge on Wednesday approved automotive financing and analytics company Vroom Inc.'s Chapter 11 plan to convert $290.5 million of debt into equity, overruling an objection to the deal from th... (more story)

Personal injury firm Munawar Law Group PLLC filed for Chapter 11 in New York with almost $9 million in debt, including a disputed claim from a Florida investment firm worth roughly $6.3 million.

A Texas bankruptcy judge on Tuesday gave final approval for sterilization company Cosmed Group Inc. to tap into $7.5 million in debtor-in-possession financing, along with a number of second-day motions.

Bankrupt electric-vehicle technology company Ideanomics Inc. resolved objections to its Chapter 11 loan package and sale process proposals on Tuesday, receiving approval for both measures from a Delaware bankr... (more story)

A Mexican oil company and its subsidiaries cannot add "undisputedly irrelevant" supplementary information about former counsel Quinn Emanuel amid a disqualification bid, the law firm has told a Miami federal c... (more story)

New Jersey hospital operator CarePoint Health asked a Delaware bankruptcy judge Tuesday for permission to borrow an additional $17 million in Chapter 11 financing as the company finalizes a restructuring plan.