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Litigation, Power Struggle Revive St. Vincent Ch. 11 In NY
Meet The Attorneys In InterCement's Ch. 15 Case
Giuliani Booted, Purdue Regroups, Redbox Pivots
Litigation, Power Struggle Revive St. Vincent Ch. 11 In NY
The long-dormant Chapter 11 case of Saint Vincent Catholic Medical Centers — whose storied New York City hospital was razed to make way for luxury condominiums in the wake of the recession — sparked to life again Tuesday in a New York bankruptcy court, after a government probe into medical overbilling of military healthcare programs led to a battle for control.
Meet The Attorneys In InterCement's Ch. 15 Case
Five White & Case LLP attorneys who have substantial collective experience with Latin American restructurings are representing cement supplier InterCement as it seeks U.S. recognition of its Brazilian insolvency proceedings.
Giuliani Booted, Purdue Regroups, Redbox Pivots
Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.
Expert Analysis
The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)
FTX's Chapter 11 plan has drawn lots of attention, but the focus should be on the anticipated outcome for investor... (more story)
Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this... (more story)
Large Cap More
Jackson Walker and the U.S. Trustee's Office on Tuesday defended the questions they plan to ask former bankruptcy judge David R. Jones during a deposition over his concealed romantic relationship with an ex-pa... (more story)
A Berkeley, California, nonprofit asked a Delaware bankruptcy court to dismiss a suit from FTX Trading Ltd. seeking to claw back $5 million in donations, calling FTX's effort "fatally flawed."
A Delaware bankruptcy judge Tuesday gave electric vehicle maker Fisker permission to sell its stock of 3,000 vehicles for $46.25 million and said he would authorize it to use cash for another two weeks if it t... (more story)
Platinum Partners co-founder Mark Nordlicht on Tuesday was spared prison time for his five-year-old conviction over a purported scheme to defraud bondholders of a Texas oil and gas company, as a New York feder... (more story)
A U.S. Supreme Court challenge to the Biden administration's latest student debt relief program received backing from seven Republican-led states and a trio of legal groups that assert the estimated $475 billi... (more story)
A Manhattan federal jury on Tuesday convicted prominent Chinese Communist Party critic Miles Guo on most charges alleging he operated a vast fraud that solicited more than $1 billion worth of sham investments ... (more story)
Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pac... (more story)
Emily Geier of Kirkland & Ellis LLP has shepherded distressed companies through some of the largest and most complex restructurings in recent history, including leading the wind-downs of toy retailer Toys R Us... (more story)
Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.
InterCement, the third-largest cement and concrete supplier in Brazil, is seeking Chapter 15 recognition from a New York bankruptcy court, saying it filed for mediation procedures in Brazil to stave off credit... (more story)
Mid Cap More
Proposals from bus line operator Coach USA for a $200 million debtor-in-possession financing package and for procedures governing a sale of the bulk of its operating assets drew warnings Tuesday from a Delawar... (more story)
A Connecticut bankruptcy judge on Tuesday appeared skeptical of defamation and tortious interference claims New York-based real estate investor EasyKnock Inc. filed against a trustee handling the Chapter 7 est... (more story)
A professor who filed for bankruptcy in Illinois can't protect his Canadian retirement account from creditors because the account is ineligible under a state law shielding accounts that qualify as retirement p... (more story)
A Delaware bankruptcy judge denied a bid by Parler's former owner to extend its bankruptcy stay to nondebtors in a lawsuit the company is facing, saying U.S. Supreme Court precedent barring certain third-party... (more story)
A company tied to a four-story mixed-use building in Lower Manhattan's trendy NoHo neighborhood filed for Chapter 11 bankruptcy, listing as much as $50 million in liabilities and up to $500,000 in assets.
A California lawyer who's accused of stealing as much as $282 million from debt relief clients has been placed on involuntary inactive status, and bar discipline authorities say he deserves to lose his license permanently.
Cryptocurrency banking services provider Noble Talents filed for Chapter 7 liquidation in New York, listing up to $50 million of liabilities.
The Federal Circuit on Monday upheld the rejection of an embattled government contractor's claim for $13.5 million in restocking fees after the Federal Emergency Management Agency sharply reduced the amount of... (more story)
The owner of a bankrupt government water contractor has been indicted on perjury charges, accused of falsifying the company's bankruptcy filings by failing to report millions in assets transferred to her and o... (more story)
A Connecticut federal judge won't toss a Chapter 7 bankruptcy trustee's lawsuit claiming that three former engineering company executives transferred $59.7 million to a holding entity and sent the company into... (more story)