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Expert Analysis

Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?

A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind a... (more story)

Mercon Coffee Ch. 11 Ruling Shows Insider Releases' Limits

A New York bankruptcy court’s recent ruling in Mercon Coffee’s Chapter 11 case highlights the stringent requiremen... (more story)

Bankruptcy Trustees Need More FinCEN Guidance

Recent FinCEN consent orders in two North Carolina bankruptcy cases show that additional guidance is necessary for... (more story)

Large Cap More

Avon Products Gets OK To Tap $43M DIP During Ch. 11 Case

A Delaware bankruptcy judge on Wednesday greenlighted cosmetics giant Avon Products Inc.'s request to borrow part of a $43 million financing package to support itself during its Chapter 11 case.

FDIC Looks To Dodge Suit Over First Republic Bank's Rent

The Federal Deposit Insurance Corp. urged a California federal court to toss a suit filed by a California landlord that once leased to First Republic Bank, arguing that federal law bars the suit because the FD... (more story)

Judge Rules Talc Claims Property Of Whittaker Ch. 11 Estate

A New Jersey bankruptcy judge ruled on Tuesday that third-party tort claims against the corporate successor of bankrupt talc supplier Whittaker Clark & Daniels are the property of the bankruptcy estate and can... (more story)

Bankrupt NY Hedge Fund Gets Examiner To Probe Bonuses

A New York bankruptcy judge on Tuesday agreed to appoint an examiner to investigate at least $28 million of bonuses handed to executives of Weiss Multi-Strategy Advisers LLC in February as the 46-year-old hedg... (more story)

Yellow Takes Teamsters' Win Over Restructuring To 10th Circ.

Yellow Corp. has asked the Tenth Circuit to revive its $137 million lawsuit accusing the Teamsters of driving the logistics firm into bankruptcy by fighting a necessary corporate restructuring, according to an appeals notice.

Jackson Walker Slams 'Draconian' Judge Romance Fees Bid

Jackson Walker LLP is pushing back on a U.S. Trustee Office's attempt to roll back at least $13 million in fees and reimbursements awards, saying the firm is just the latest bystander to become "collateral dam... (more story)

'Clever' Scheme Is Concealing Talc Litigation Funding, J&J Says

The Beasley Allen Law Firm needs to disclose alleged litigation funding fueling its litigation over Johnson & Johnson's talcum powder even if that funding was not given directly to the firm since the disclosur... (more story)

Talc Claims Land Cosmetics Giant Avon In Ch. 11

Avon Products filed for Chapter 11 protection in Delaware, saying it needs to address more than $1 billion in liabilities and allegations of injuries caused by talc in its products.

3AC Hedge Fund Files $1.3B Claim In TerraForm Bankruptcy

Liquidators of collapsed crypto hedge fund Three Arrows Capital Ltd. filed a $1.3 billion claim in the TerraForm Labs Pte. bankruptcy in Delaware federal court Friday, according to documents obtained by Law360.

Texas Wants Debt Relief Review In Wake Of 8th Circ. Ruling

Texas' solicitor general on Saturday pressed the U.S. Supreme Court to shut down the Biden administration's student debt relief plan, arguing that a recent Eighth Circuit decision granting an injunction agains... (more story)

Mid Cap More

Judge To Give Gym Chain OK To Tap $28M Of Ch. 11 Funding

A Delaware bankruptcy judge on Tuesday agreed to grant bankrupt gym chain Blink Fitness interim approval to access $28 million of its $73 million proposed debtor-in-possession loan, along with a host of customary motions.

Gene Tech Co. Execs Pilfered Biz Amid Collapse, Suit Says

The senior lender to Sequencing Health Inc. has sued former officers and directors of the now-defunct genomic science company, alleging they squandered the company's assets, awarded themselves big bonuses and ... (more story)

4th Circ. Won't Tie Debtor To Default Bankruptcy Plan

The Fourth Circuit said Tuesday that Chapter 13 debtors aren't bound to default provisions in the form used in their local jurisdiction when creating a plan to exit bankruptcy, finding the debtor should be the... (more story)

Pioneer Health Ch. 11 Plan With Future Sale Gets OK

Bankrupt clinic operator Pioneer Health Inc. received approval Tuesday from a Delaware court of its Chapter 11 plan with a post-confirmation sale set to be completed before the plan's effective date.

Riders Renew Bid To Sue Segway Over Pa. Scooter Injuries

Two riders who were injured and the estate of a rider who was killed while using the now-defunct Spin electric scooter service in Pittsburgh have renewed their request to split their lawsuit against the city a... (more story)

LL Flooring Gets Initial OK On $130M Ch. 11 Loan

Home renovation retailer LL Flooring got a Delaware bankruptcy judge's interim nod for an up to $130 million debtor-in-possession package as attorneys said at a hearing Tuesday that they need to nail down a st... (more story)

Solar Co. ISun Gets Initial OK On $10M Sale In Ch. 11

A Delaware bankruptcy judge indicated Tuesday he would approve solar energy company iSun's plan to sell itself once the firm works through a few remaining objections to the $10 million deal.

Spector Gadon's $200K Fee Pursuit Against Client Paused

Philadelphia-based Spector Gadon Rosen Vinci PC has to pause its pursuit of more than $200,000 in fees from a client it represented in Chapter 7 bankruptcy proceedings, while the debtor appeals a ruling that t... (more story)

Coach USA Gets Nod On Sales Of Bus Lines In Ch. 11

Bus company Coach USA won a Delaware bankruptcy judge's approval Tuesday on four sales of bus routes and property after defeating an objection brought by the U.S. Trustee's Office, allowing the debtor to compl... (more story)

Green Generator Startup Moxion Files Ch. 7 After Layoffs

Amazon-backed electric generator startup Moxion Power Co. filed for Chapter 7 liquidation in Delaware with between $100 million and $500 million of total estimated liabilities, not long after the San Francisco... (more story)