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Expert Analysis

Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach

A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clea... (more story)

The Benefits Of Aligning States On Legal Paraprofessionals

Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could h... (more story)

Administrative Disaster At Bankruptcy Courts May Be In Sight

If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is ... (more story)

Large Cap More

Russia Seeks Stay In $5B Award Stemming From Loan Dispute

The Russian Federation asked a D.C. federal court to pause enforcing a $5 billion arbitration award compensating Yukos Capital for Russia's alleged expropriation of loans while litigation plays out in a U.S. S... (more story)

Crypto Co. Drops Suit Against K&L Gates, For Now

A bitcoin mining company has dropped its lawsuit against its former counsel K&L Gates LLP, ending for now its claims that the firm overbilled it and missed a key deadline in a separate bankruptcy action.

Ex-CEO Fires Back At Jackson Walker's Standing Argument

The former CEO of a defunct barge company is fighting to keep alive his lawsuit blaming the company's downfall on the judicial secret romance scandal that has consumed the Texas bankruptcy courts, claiming Jac... (more story)

Judge Will Approve Exela's $185M DIP After Lender Deal

A Texas bankruptcy judge on Wednesday said he would sign off on business automation group Exela Technologies' bid for final approval of $185 million in Chapter 11 financing after the debtor was able to settle ... (more story)

FTX Ch. 11 Trust Says Ex-Exec's Wife Spent $600K Since Dec.

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)

Imerys Ch. 11 Plan Trial Starts With Claims Rep Uncertainty

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)

Exela Faces Wednesday Deadline In $185M DIP Funding Fight

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)

Nylon Maker Ascend Gets OK For $650M In Ch. 11 Financing

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.

Judge Approves Prospect Medical's Pa. Hospitals' Closure 

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)

Contrarian Unit's $3.7B Citgo Bid Gets OK Despite Objections

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)

Mid Cap More

Pool Co. Wants Rival's CEO Arrested For Unpaid $17M Verdict

A U.S. pool parts supplier wants the owner of a rival Chinese business arrested after months of allegedly dodging court orders demanding information on company assets to satisfy a $17 million false advertising... (more story)

Dolphin Encounter Co. Says Ex-CEO Took Over HQ By Force

A restructuring professional retained by the bankrupt subsidiaries of The Dolphin Co. said in sworn court filings that the debtor's former CEO seized control of the business's Mexican headquarters earlier this... (more story)

Soybean Co. Benson Hill Gets DIP Financing Approval

A Delaware bankruptcy judge on Wednesday granted final approval to high-protein soybean developer Benson Hill Inc.'s $11 million debtor-in-possession financing, following the company's "global settlement" with... (more story)

Silvergate Settles Securities Class Action For $37.5M In Ch. 11

The parent company of Silvergate Bank has asked a Delaware bankruptcy judge to approve a new deal to settle a securities class action for $37.5 million and resolve a slew of indemnification issues in its Chapt... (more story)

Biotech Firm Omega Therapeutics OK'd For $14M Ch. 11 Sale

Biotechnology developer Omega Therapeutics received a Delaware bankruptcy judge's approval Wednesday to sell itself to its debtor-in-possession lender and a major shareholder for $14 million in Chapter 11.

Aztec Fund Says Ch. 11 Deal With Bank Of America On Track

Private equity investment group Aztec Fund can seek votes on its Chapter 11 liquidation plan after a Texas bankruptcy judge gave conditional approval of its disclosure statement.

AI Entrepreneur In Talks To Resolve $10M Fraud Case

The founder of an education-based artificial intelligence company accused of fleecing investors of $10 million is in talks with prosecutors to resolve the case, according to a Wednesday letter.

Buffalo Diocese Agrees To Pay $150M To Sex Abuse Survivors

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.

Brightmark Bondholders Want 'Charade' Ch. 11 Case Tossed

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)

23andMe Has Received 'Significant Interest' In Ch. 11 Auction

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)