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How The Bankruptcy System Became 'Unjust' - Part 1
High Court On Ch. 11, New Bank Rules, Alex Jones Ch. 7 Shift
From Delaware To Georgia: Why LaVie Is Taking Ch. 11 South
How The Bankruptcy System Became 'Unjust' - Part 1
Changes in bankruptcy law that have made it more difficult for individuals facing financial hardship to extinguish their debts and get a fresh start have also allowed businesses to use Chapter 11 as a "legal Swiss Army knife" to deal with issues that the system was never meant to handle, according to a book out Tuesday by a University of North Carolina School of Law professor.
High Court On Ch. 11, New Bank Rules, Alex Jones Ch. 7 Shift
The U.S. Supreme Court said an insurance company has "party in interest" standing to intervene in a Chapter 11 case, the U.S. Department of Justice's bankruptcy watchdog "modernized" its agreement for banks holding debtor funds, and recent motions could pivot Alex Jones and his media company's Chapter 11s to Chapter 7 liquidations.
From Delaware To Georgia: Why LaVie Is Taking Ch. 11 South
Three years ago, LaVie Care Centers units filed for Chapter 11 protection in the common corporate venue of Delaware, but its new filing in its home state of Georgia challenges traditional norms in the practice and highlights not only local convenience, but the quality of Peach State bankruptcy bar.
Expert Analysis
The Southern District of New York’s recently adopted guidelines on combining the processes for Chapter 11 plan con... (more story)
Johnson & Johnson’s recent announcement of a prepackaged reorganization plan for its talc unit highlights that Cha... (more story)
The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early ... (more story)
Large Cap More
A Delaware bankruptcy judge on Tuesday suspended an arrest warrant for hedge fund Camshaft Capital's manager and ordered him to return to the U.S. within 10 days and answer questions from the bankrupt U.S. sub... (more story)
Companies that use Chapter 11 bankruptcy to deal with litigation over dangerous products they produced or other misconduct rely on a broad conception of what counts as a debt to prove their eligibility for ban... (more story)
A New Jersey bankruptcy judge said Tuesday he would allow Invitae to send its Chapter 11 plan out for votes, after the genetic testing company agreed to note in its disclosure statement that the committee of u... (more story)
A New Jersey bankruptcy judge said Monday she would approve an Amazon reseller's Chapter 11 plan, following an agreement reached to create a trust that would pursue claims against former company executives and... (more story)
A New York bankruptcy judge refused to let Morgan Stanley and two individuals assert late claims for indemnification against the former parent of Silicon Valley Bank in its Chapter 11 case, concluding that the... (more story)
Creditors of Rudy Giuliani are probing whether the former New York City mayor has been getting financial support from a nonprofit called Tunnel to Towers Foundation, which says its mission is to assist familie... (more story)
The Ninth Circuit's recent decision finding Cigna is off the hook for $8.6 million in out-of-network mental health and substance use disorder treatment claims against employee benefit plans administered by the... (more story)
The former head of banking for Miles Guo, the prominent Chinese dissident also known as Ho Wan Kwok, testified in Manhattan federal court Monday that he lied to financial institutions about a number of investm... (more story)
Arnold & Porter Kaye Scholer LLP announced on Monday the hiring of a former Paul Hastings LLP of counsel as a partner in its bankruptcy and restructuring practice out of Chicago.
Copper-mining company Nevada Copper Corp. filed for Chapter 11 bankruptcy protection on Monday in Nevada with up to $1 billion in debt, saying it intends to shutter its business and sell off its assets.
Mid Cap More
The founder of hiring startup Joonko Diversity Inc. has been charged with fraud, with prosecutors saying Tuesday that she deceived investors into dumping $27 million into a platform that supposedly used artifi... (more story)
A court in India said it has received a criminal charge sheet issued by an investigative governmental agency in Calcutta against bankrupt American healthcare company UpHealth, targeting it and executives over ... (more story)
Rubio's Coastal Grill received a Delaware bankruptcy judge's initial approval on Monday to borrow $4.5 million in Chapter 11 financing, starting the California-based fish taco chain on a road it hopes will lea... (more story)
An embattled Texas law firm has won another shot to secure fees for its work on hurricane-related cases in Louisiana, the Fifth Circuit ruled, one day after the FBI revealed it was investigating the firm over ... (more story)
The New York arm of Italian high-end footwear and fashion designer Giuseppe Zanotti's business applied for Subchapter V bankruptcy, seeking to get out of what it described as a burdensome lease and address $4.... (more story)
The U.S. Department of Justice has announced the launch of an initiative to improve access to its programs and services, including an upcoming project to make it easier to report tips about crime or other violations of law.
Illinois-based specialty pharmacy Optio Rx has filed for Chapter 11 protection in Delaware bankruptcy court with more than $235 million in debt and an agreement with creditors for a partial debt-for-equity swap.
A trustee for creditors of ATIF Inc. told the Eleventh Circuit on Friday that a trial judge erred in excluding an expert's $80 million valuation of the bankrupt title insurance underwriter's 2015 transfer of a... (more story)
A Colorado brewery accusing a former manager of embezzling hundreds of thousands of dollars has asked a state court for permission to seek exemplary damages, saying there's plenty of evidence the former manage... (more story)
A Delaware bankruptcy judge said Friday that bankrupt mining operation Allegiance Coal USA can begin to pay approximately $5.7 million in professional fees using cash left in its estate after its Chapter 11 re... (more story)