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Catching Up With New Bankruptcy Case Action
A sweatshirt maker launched a Chapter 11 case about a year after an $18 million intellectual property verdict. A clean energy project developer filed for Chapter 7 liquidation. A landscaping plant grower went bankrupt with plans to sell its assets. A supplier of Lockheed Martin and Boeing hit bankruptcy, saying it was undone by quality control issues. And yet another company in the electric vehicle industry rolled into bankruptcy court.
Meet The Attorneys Directing Azzur Group's Ch. 11
A team of lawyers from DLA Piper is advising pharmaceutical consulting firm Azzur Group as the company pursues an asset sale in its Delaware bankruptcy case.
$372M Tax Bill Helped Peru Telecom Dial Into Bankruptcy
What was once Peru's national phone company is now seeking U.S. recognition of its bankruptcy as it tries to fend off legal action while dealing with $2.4 billion in liabilities, a shrinking market share and a court judgment that left it with a $372 million tax bill.
Catching Up With New Bankruptcy Case Action
A sweatshirt maker launched a Chapter 11 case about a year after an $18 million intellectual property verdict. A clean energy project developer filed for Chapter 7 liquidation. A landscaping plant grower went bankrupt with plans to sell its assets. A supplier of Lockheed Martin and Boeing hit bankruptcy, saying it was undone by quality control issues. And yet another company in the electric vehicle industry rolled into bankruptcy court.
Meet The Attorneys Directing Azzur Group's Ch. 11
A team of lawyers from DLA Piper is advising pharmaceutical consulting firm Azzur Group as the company pursues an asset sale in its Delaware bankruptcy case.
$372M Tax Bill Helped Peru Telecom Dial Into Bankruptcy
What was once Peru's national phone company is now seeking U.S. recognition of its bankruptcy as it tries to fend off legal action while dealing with $2.4 billion in liabilities, a shrinking market share and a court judgment that left it with a $372 million tax bill.
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Large Cap More
The U.S. Supreme Court's decision in June to reject nonconsensual third-party releases in the Chapter 11 plan of Purdue Pharma LP ignited a national debate over a question fundamental to current bankruptcy pra... (more story)
A federal judge expressed incredulity Tuesday that Jackson Walker didn't press its former partner harder to get the exact dates of her relationship with a former bankruptcy judge when allegations of their rela... (more story)
A New York bankruptcy judge on Tuesday approved a second vote on a Chapter 11 plan for the Roman Catholic Diocese of Rochester, a decision that could see a resolution of the more than 5-year-old case by the end of July.
Bankrupt skilled nursing facility operator Petersen Health Care told a Delaware bankruptcy judge Tuesday that a vendor seeking payment of its legal costs in pursuing a $163,000 administrative expense claim aga... (more story)
Litigation boutique Pallas Partners LLP has brought on three New York-based litigators from Kasowitz Benson Torres LLP to strengthen its commercial and financial litigation capabilities on both sides of the At... (more story)
Texas law firm Kane Russell Coleman Logan PC announced Tuesday that it is opening its third location with a shop in Austin, and is adding six attorneys from Holland & Knight LLP and Ross Smith & Binford PC.
A Texas bankruptcy judge granted about 60 units of business process automation company Exela Technologies Inc. interim approval to access a $185 million lending facility to finance their Chapter 11 bankruptcy ... (more story)
The estate trustee for bankrupt life insurance bond seller GWG Holdings Inc. has filed a suit accusing Holland & Knight LLP and its attorney William "Bill" Banowsky of helping GWG's ex-chairman run a "fraudule... (more story)
Shuttered Yellow Corp.'s trucking company bankruptcy estate has agreed to settlements totaling $12.3 million with two former employee groups, which were reached before a Delaware judge's posttrial denial of Wo... (more story)
The official committee of talc claimants in the Chapter 11 case of Whittaker Clark & Daniels told a New Jersey bankruptcy judge on Monday that a $535 million settlement with Berkshire Hathaway entities that ow... (more story)
Mid Cap More
Skin care and beauty technology company Cutera Inc. filed for Chapter 11 protection in a Texas bankruptcy court Wednesday with over $429 million in debt and a prepackaged plan to cut that number by nearly $400 million.
A Texas bankruptcy judge Tuesday said he will consider motions to convert Kal Freight's bankruptcy to a Chapter 7 liquidation after hearing that the trucking company is trying to finalize a partial asset sale ... (more story)
The litigation trustee appointed under the Chapter 11 plan of cybersecurity firm NS8 Inc. and a class of fired employees seeking a payout related to their terminations have jointly proposed a settlement that w... (more story)
A Delaware bankruptcy judge said Tuesday she will allow Liberated Brands LLC, an outdoors and athletic clothing retailer, to implement its proposed bidding process for a liquidation once the company revises a proposed order.
The U.S. Trustee's Office on Monday joined a flurry of objections against the Chapter 11 plan of CarePoint Health Systems inc., saying the hospital owner has made it hard for the trustee to gauge the plan's potential.
A North Carolina hotel developer embroiled in a $17 million lawsuit over a defaulted loan to build a Hyatt hotel near the Asheville airport filed for bankruptcy on Sunday, reporting assets and liabilities betw... (more story)
A proposed class action challenging BMO Financial Corp.'s alleged misuse of forfeited retirement contributions should be litigated in Illinois, where most of the bank's evidence and witnesses are located, a Ca... (more story)
Azzur Group, which offers services for pharmaceutical developers, filed for bankruptcy in Delaware with at least $100 million in debt and plans to hold an auction backed by a $56 million stalking horse offer.
The U.S. Supreme Court said Monday it will not consider a Florida souvenir store chain's challenge to a Second Circuit decision shutting down its case that a bankrupt beachwear company fraudulently procured a ... (more story)
A Florida judge has denied the bulk of real estate developer Glenn Struab and two associates' attempt to escape a fraud and racketeering lawsuit that accuses them of conspiring to assert control and ownership ... (more story)