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Catching Up With New Bankruptcy Case Action
A renewable diesel fuel refiner filed for bankruptcy to avoid creditor-on-creditor litigation and restructure its debts. The maker of specialized nylon products launched Chapter 11 proceedings after facing industry headwinds and operational disruptions. A startup developing therapies for treatment-resistant types of cancer is hoping to swap its debt for equity in bankruptcy.
Meet The Attys Helping Memstar Through Ch. 11
Water treatment supplier Memstar USA has called upon attorneys from Dykema Gossett PLLC to help it through Chapter 11 as it seeks to address almost $11 million in debt and sell off its assets.
Tehum's Ch. 11 Plan Offers New Path For Mass Torts
Long before bankruptcy attorney Eric Goodman was brought into the Chapter 11 case of prison healthcare company Tehum Care Services, he had been developing a new plan structure he thought would resolve many of the issues in so-called Texas two-step divisional merger bankruptcy filings.
Catching Up With New Bankruptcy Case Action
A renewable diesel fuel refiner filed for bankruptcy to avoid creditor-on-creditor litigation and restructure its debts. The maker of specialized nylon products launched Chapter 11 proceedings after facing industry headwinds and operational disruptions. A startup developing therapies for treatment-resistant types of cancer is hoping to swap its debt for equity in bankruptcy.
Meet The Attys Helping Memstar Through Ch. 11
Water treatment supplier Memstar USA has called upon attorneys from Dykema Gossett PLLC to help it through Chapter 11 as it seeks to address almost $11 million in debt and sell off its assets.
Tehum's Ch. 11 Plan Offers New Path For Mass Torts
Long before bankruptcy attorney Eric Goodman was brought into the Chapter 11 case of prison healthcare company Tehum Care Services, he had been developing a new plan structure he thought would resolve many of the issues in so-called Texas two-step divisional merger bankruptcy filings.
Expert Analysis
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Large Cap More
The FTX Recovery Trust urged a Delaware bankruptcy judge to enjoin the wife of former FTX executive Ryan Salame from spending additional money that the trust said was fraudulently taken from the company before... (more story)
Several critical legal questions remained open Tuesday in the Chapter 11 cases of talc producer Imerys Talc America and its affiliates as a five-day confirmation trial kicked off, but the Delaware bankruptcy j... (more story)
A Texas bankruptcy judge on Tuesday ordered Exela Technologies and its lenders to return to court Wednesday prepared to defend their positions on the debtor's bid for final approval of $185 million in Chapter ... (more story)
A Texas bankruptcy judge gave nylon maker Ascend Performance Materials interim permission to draw on $650 million in Chapter 11 financing as it set a course to confirm a restructuring plan by the end of summer.
A Texas bankruptcy judge on Tuesday approved Prospect Medical Holdings' request to close two Pennsylvania hospitals after the bankrupt operator was unable to secure another entity to run the hospitals despite ... (more story)
A Delaware federal judge on Monday approved a Contrarian Capital Management affiliate's floor-setting $3.699 billion bid for Citgo's parent company, adopting the recommendation of a special master despite resi... (more story)
Nylon maker Ascend Performance Materials on Monday filed for Chapter 11 protection in a Texas bankruptcy court, saying it plans to work with its lenders to deleverage its more than $1 billion in debt.
Business automation group Exela Technologies told a Texas bankruptcy judge Monday that while it resolved unsecured creditor objections to final approval of its $185 million debtor-in-possession loan, it is sti... (more story)
The U.S. Supreme Court on Monday declined to hear a case filed by the owner of Minnesota's Mall of America against Sears Holding Corp. over a transfer of a 100-year lease for an anchor store location, leaving ... (more story)
A Manhattan federal judge trimmed a $47 million lawsuit from the bankrupt retailer once known as Bed Bath & Beyond accusing GameStop's CEO of insider trading before the housewares giant went belly-up, but says... (more story)
Mid Cap More
The Roman Catholic Diocese of Buffalo, New York, on Tuesday announced it has reached a $150 million agreement in principle that would settle the diocese's liability for about 900 claims of child sexual abuse.
Secured bondholders of plastics recycling company Brightmark have asked the Delaware bankruptcy court to dismiss the debtor's Chapter 11 proceedings, calling the case a "charade" designed to hand over assets t... (more story)
Genetic testing company 23andMe has received significant interest in the Chapter 11 auction for its assets, its counsel told a Missouri bankruptcy judge Tuesday at a hearing where it received final approval of... (more story)
A Delaware bankruptcy judge on Tuesday gave movie production and finance company Village Roadshow Entertainment Group the go-ahead to implement its proposed asset sale process, after the debtor said it had man... (more story)
A California federal judge trimmed on Monday SiliconSage Builders LLC receiver's lawsuit accusing JPMorgan Chase of allegedly helping the now-defunct real estate developer carry out a massive $119 million Ponz... (more story)
The owner of a Pittsburgh office building claims mistakes made by attorneys from Meyer Unkovic & Scott LLP cost the company more than $3.3 million in rental income and interest payments, according to a lawsuit... (more story)
The Office of the U.S. Trustee has appointed three members to the official committee of unsecured creditors in the Chapter 11 case of Royal Interco LLC, which supplies private-label paper products for grocery ... (more story)
The founder of a defunct marijuana greenhouse leasing business cannot reopen an investor class action to enforce a $1.5 million settlement and declare a related bankruptcy action unlawful, a Colorado federal j... (more story)
GenapSys Inc. is pushing back on Paul Hastings LLP's motion for summary judgment in the legal malpractice suit the gene sequencing company filed, contending it was not required to disclose the legal malpractic... (more story)
A Delaware bankruptcy judge on Monday sent GO Lab Inc.'s equity swap Chapter 11 plan to creditors for a vote after the wood fiber insulation maker said it had resolved all objections to the plan disclosure statement.