To access this content, a subscription to Bankruptcy Authority is required.
Behind The $1B Ch. 15 Bankruptcy Of Brazil's InterCement
No New Bids For Red Lobster Ahead Of Disclosure Hearing
.jpg)
Purdue Release Ruling May Spur Creative Ch. 11 Workarounds
Behind The $1B Ch. 15 Bankruptcy Of Brazil's InterCement
Leading Brazilian cement and concrete supplier InterCement landed in Brazilian restructuring court and a New York Chapter 15 proceeding after an economic slump in Brazil drove it to sink further into debt, and it has yet to find a way out.
No New Bids For Red Lobster Ahead Of Disclosure Hearing
There may be plenty of other fish in the sea, but Red Lobster did not hook any of them, so the bankrupt restaurant brand is heading toward a hearing on Friday with its private equity stalking-horse bidder as its presumptive buyer.
Purdue Release Ruling May Spur Creative Ch. 11 Workarounds
With nonconsensual third-party releases off the table following the U.S. Supreme Court's June decision in the Purdue Pharma bankruptcy, restructuring attorneys are looking at a variety of ways to work around the restriction, from more aggressive assertion of derivative claims to Chapter 15 filings with third-party releases.
Expert Analysis
A New York federal court’s recent ruling in Eletson v. Levona, which remanded an arbitral award for clarification,... (more story)
After a New York bankruptcy court’s recent ruling in SVB’s Chapter 11 case denied late claims filing requests rela... (more story)
The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)
Large Cap More
Rudy Giuliani clarified Tuesday that his travel to and from the Republican National Convention was covered by MyPillow CEO Mike Lindell's conservative media outlet FrankSpeech, according to a filing in New Yor... (more story)
As the period for public comment on the Biden administration's proposal to reclassify marijuana came to a close Monday, anti-legalization activists, marijuana industry advocates and state cannabis regulators e... (more story)
A New Jersey bankruptcy judge said he would confirm the Chapter 11 liquidation plan for genetic testing company Invitae, if it made changes to how it handled distributions to certain creditors.
Bankrupt cryptocurrency platform FTX Trading Ltd. asked a Delaware bankruptcy judge to let it pay $960,000 to crypto issuer Phala Ltd. to settle that company's $4 million claim against FTX and its affiliates.
The Office of the U.S. Trustee objected late Monday to proposed bonus plans for employees of bankrupt mining company Nevada Copper Inc., saying the plans don't include enough information to determine if the bo... (more story)
A New York bankruptcy judge said his trepidation around how Brazilian department store chain Americanas' bankruptcy plan treats creditors that don't give legal releases to nondebtor third parties was quelled, ... (more story)
More than a dozen attorneys specializing in bankruptcy, and securities and commercial litigation, have left Whiteford Taylor & Preston to help Raines Feldman Littrell launch its new office in Pittsburgh this week.
Global telecom analytics group Mobileum Inc. sought Chapter 11 protection in Texas on Tuesday, with plans to trim $529 million from its books through a debt-for-equity swap after falsified time records uncover... (more story)
Paul Weiss Rifkind Wharton & Garrison LLP announced Tuesday that it has hired a partner at Akin Gump Strauss Hauer & Feld LLP to steer the leadership of its European restructuring practice as it looks to boost... (more story)
Perkins Coie LLP's Michael Huston was a lead attorney on the team that helped the Boy Scouts of America persuade the U.S. Supreme Court that a delay of its bankruptcy plan, which a small group of childhood sex... (more story)
Mid Cap More
A Delaware bankruptcy judge on Tuesday denied a temporary restraining order requested by fast-casual seafood chain Rubio's Coastal Grill against Meta Platforms Inc., which alleged Meta violated an automatic st... (more story)
A Delaware bankruptcy judge agreed Tuesday to allow the parent of two sports retail chains to continue using cash collateral in its Chapter 11 reorganization, after the company filed a final draft of a propose... (more story)
Bankrupt cryptocurrency exchange Bittrex on Tuesday asked a Delaware bankruptcy judge to reject an account holder's $20 million claim, saying there are too many "red flags" of possible illegal activity around ... (more story)
A Delaware bankruptcy judge on Tuesday approved telecommunications company Airspan Networks' request for $5 million in supplemental debtor-in-possession financing, enabling the company to fund operations as it... (more story)
A Connecticut law firm and its principal will not have their legal bills reimbursed by their malpractice insurer after a state judge granted an early win to the insurance company, noting the firm admitted it w... (more story)
The former owner of conservative social media platform Parler filed proposed Chapter 11 bidding procedures in Delaware court late Monday along with a settlement with its senior secured creditor that will retur... (more story)
A former doctor will be released from U.S. custody after a Michigan federal court lifted Tuesday an order of civil contempt against him for failure to pay about $1 million in foreign account reporting penalties.
More than a dozen bankrupt nursing homes will have to pay nearly $36 million in a U.S. Department of Labor's suit claiming workers weren't paid full wages after creating "an adversarial" payroll structure, a P... (more story)
The Office of the U.S. Trustee objected to a proposal to strip debtor Pioneer Health Systems LLC of control over its Chapter 11 case, saying the Subchapter V trustee that would take over is unable to file a pl... (more story)
Clothing manufacturer Delta Apparel and its affiliates asked for a Delaware bankruptcy court's permission to pay three former executives, who resigned as the company headed toward insolvency, as consultants so... (more story)