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Expert Analysis

10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators... (more story)

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)

Large Cap More

3rd Circ. Revives Sanctions For Undisclosed Bankruptcy Fees

Citing a "legal question of significant public importance," a Third Circuit Court of Appeals panel on Thursday reversed a district court's reversal of a bankruptcy judge's sanctioning of Spector Gadon Rosen & ... (more story)

Chancery Nixes Toss Of Crypto Co. Board Cut Challenge

Stockholders of cryptocurrency mining venture Ionic Digital Inc., formed out of the bankruptcy of Celsius Network LLC in Delaware, beat a motion Thursday to toss their suit challenging a one-seat board reducti... (more story)

Silicon Valley Bank Liquidators Fight $41M Bill In Tax Court

The trust responsible for liquidating assets of the shuttered Silicon Valley Bank told the U.S. Tax Court that the IRS has wrongly charged the bank's operator more than $41 million in additional taxes by claim... (more story)

Guo Ch. 11 Trustee Can Spend $1.6M Maintaining NJ Mansion

The Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy in Connecticut can spend an extra $600,000 to maintain a Mahwah, New Jersey, mansion connected to the convicted fraudster, a judge has ruled.

Fox Rothschild Welcomes 29 New Partners

Fox Rothschild LLP has elevated 29 attorneys in 19 cities and 11 practice groups to partner, and promoted four associates to counsel, the firm announced.

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)

Mid Cap More

Bar Louie Gets Final OK For $2.5M DIP In Ch. 11

A Delaware bankruptcy judge on Thursday gave final approval to Texas-based gastropub chain Bar Louie to access $2.48 million of debtor-in-possession financing facility from its prepetition lender.

NY Youth Welfare Org Can Sell 22-Acre Property For $9M

St. Christopher's, a youth mental-health care provider based in New York, received a bankruptcy judge's approval Thursday to close a $9 million sale of its roughly 22-acre property in Orange County, New York.

Texas Memory Care Homes Hit Ch. 11 With $10M+ Debt

A pair of Texas memory care facilities, affiliated with another facility that filed a disputed bankruptcy in December, are seeking Chapter 11 protection in Texas and claiming more than $10 million in liabilities.

Pennsylvania Coal Co. Reaches Cleanup Deal In Ch. 11 Case

Bankrupt coal-mining company Corsa Coal Corp. told a Pennsylvania judge that it had reached a deal with state regulators that resolves a dispute over water source cleanup obligations, with the debtor agreeing ... (more story)

Publishers Clearing House Gets 3-Member Ch. 11 Committee

The Office of the U.S. Trustee appointed three members to the official committee of unsecured creditors in the Chapter 11 case of sweepstakes business Publishers Clearing House.

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.