Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.

Wilmington Trust, a subsidiary of M&T Bank that served as custodian to subprime auto lender Tricolor Holdings trusts, has defended its bid to transfer a suit accusing it of failing to help prevent Tricolor's c... (more story)

A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.

Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, inc... (more story)

A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 liquidation plan of Swiss solar panel company Meyer Burger's U.S. arm, letting the subsidiary sell off its remaining assets and wrap up its bankruptcy.

A Pennsylvania state court has booted Beasley Allen Law Firm attorneys from representing consumers in nine cases that link Johnson & Johnson's talcum powder to ovarian cancer, saying their pro hac vice admissi... (more story)

The state court-appointed receiver of conspiracy theorist Alex Jones' Infowars media business has reached an agreement to license its trademark and domain name to The Onion, as the satirical news outlet seeks ... (more story)

The U.S. Supreme Court on Monday wrestled with the potential impact of reining in — or even scrapping altogether — a 100-year-old doctrine that curbs litigants' ability to go to federal court to try to overtur... (more story)

Inspired Healthcare's unsecured creditors have urged a Texas bankruptcy judge to deny the company's bid to retain Reid Collins & Tsai LLP to help investigate the debtor's pre-Chapter 11 conduct, saying that ta... (more story)

The U.S. Supreme Court on Monday said it won't review a class certification challenge in a securities class action over Johnson & Johnson's cancer-related talc products in the latest development in a closely w... (more story)

The Chapter 11 trustee guiding the bankruptcy of whiskey company Kentucky Owl LLC asked a Texas bankruptcy judge to let her hire a broker to help sell the inventory belonging to the affiliate of Stoli Group USA LLC.

The condo association of a Manhattan hotel and residential tower can stay in Subchapter V bankruptcy for now, after a New York bankruptcy judge requested additional briefing and ordered the debtor to restore p... (more story)

The official committee of unsecured creditors in the Chapter 11 cases of entities tied to the former Hudson Hotel objected Saturday to the debtors' request to increase its postpetition financing from $32 milli... (more story)

Cayman Islands-incorporated solar company SPI Energy has filed in Delaware for Chapter 15 recognition of its liquidation proceedings, saying U.S. court approval may help it conduct investigations and recover assets.

Vinson & Elkins and Spencer Fane are among the law firms that steered the largest New York City real estate transactions that became public last week, with a trio of Manhattan trades topping the list.

A Florida bankruptcy judge said Friday she would confirm a cosmetic company's reorganization plan after the debtor ironed out a deal with creditors that reduced the founder's equity stake in the company.

Vanderbilt Minerals on Friday asked a New York bankruptcy judge to approve a settlement with its parent company that would pave the way for an asset sale, while creditors argued the ex-talc miner is trying to ... (more story)

A Pennsylvania federal judge agreed to step aside from a criminal case involving a man accused of threatening to kill judges after the man pointed out that the jurist had presided over a related bankruptcy matter.

A businessman has denied owing an effectively bankrupt local English council more than £150 million ($204 million) over a series of failed investments that he allegedly misrepresented and siphoned off for his ... (more story)

A Maryland federal court has resumed a lawsuit accusing a D.C. corporate tax attorney and his former law firm of a $19 million captive insurance scam following notification that the bankruptcy proceedings of t... (more story)