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Why Hawaiian Brewing And Bottling Co. Sought Ch. 11
Hawaii Brewery Development Co., a water bottling company and brewery, ended up in small business bankruptcy proceedings after a power struggle with a creditor that was seeking to gain control of a company that Hawaii Brewery was trying to evict from its land.
What's Happening In Bankruptcy Court This Coming Week
A New York bankruptcy judge will consider whether the state's attorney general should be a creditor in a Roman Catholic diocese's Chapter 11, Purdue Pharma will receive its criminal sentence, and Saks Global Enterprises LLC will seek court approval of a plan disclosure statement.
Under The Radar: Bankruptcy News You May Have Missed
Insurer MBIA Inc. asked a Connecticut federal judge to end a lawsuit tied to Puerto Rico's bankruptcy, the U.S. Trustee's Office opposed Inspired Healthcare's bid for mediation, and a New York federal judge nixed a New Mexico building owner's appeal of a decision in favor of a creditor's plan disclosure.
Large Cap More
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an alluring source of capital for real estate investment trusts, how competition for skilled workers may ham... (more story)
Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid t... (more story)
U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform bloc... (more story)
Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have ... (more story)
JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.
Fox Rothschild LLP gained a former longtime Riker Danzig LLP partner in its financial restructuring and bankruptcy department with experience in complex restructurings, corporate trust matters and more, the fi... (more story)
Freedom Forever received a Delaware bankruptcy court's approval Friday for a deal with a project financer that will free up $1.5 million for the Chapter 11 estate, allowing the bankrupt solar company to get do... (more story)
Saks Global Enterprises LLC has reached an agreement in principle on a global settlement that would resolve the concerns of its creditors committee and provide the luxury retailer with a path toward confirmati... (more story)
Kirkland & Ellis LLP announced this week that it has hired the head of Wachtell Lipton Rosen & Katz's finance and restructuring practices, calling him a "leader in the field of liability management."
Bankrupt auto parts maker First Brands Group asked a Texas court to extend the window during which it has the exclusive right to file a Chapter 11 plan, saying it spent months in mediation negotiating a settle... (more story)
Mid Cap More
A Ninth Circuit panel declined Friday to resurrect a Washington developer's lawsuit accusing Whatcom County officials of violating its constitutional rights by scaling back a housing development plan, concludi... (more story)
A trio of professional firms that advised oil service company Nine Energy in its speedy Texas Chapter 11 defended fee applications seeking a total of $5.7 million, saying a creditor's objections are too genera... (more story)
A London judge ruled Friday that a former director and co-founder of a video production company breached his duties to it by diverting business and misusing company information to run a competitor.
The Delaware Chancery Court has recommended dismissing a former Honeywell executive's bid to force the company to cover his legal bills tied to Russian proceedings, finding that he failed to follow key contrac... (more story)
Bankrupt dine-in movie theater chain iPic Theaters LLC has received a $6 million offer for its assets from Cinemex, a competitor aiming to supplant stalking horse bidder Star Grill Cinema Inc.
A New York judge has agreed to appoint a Chapter 11 trustee to take over the estate of bankrupt personal injury firm Munawar Law Group PLLC following an examiner's report showing that the firm's principal may ... (more story)
Avenger Flight Group, an insolvent flight training provider, said Thursday that it has reached an agreement in principle with bankrupt carrier Spirit Airlines that would both settle past claims and continue tr... (more story)
A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business ri... (more story)
Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganizat... (more story)
Lowenstein Sandler LLP recently launched a Delaware office by bringing on Christopher A. Ward, who previously co-chaired Polsinelli’s bankruptcy practice, to lead and expand the office. Here, he tells Law360 P... (more story)