To access this content, a subscription to Bankruptcy Authority is required.
Bad Faith Dismissal Shows Perils Of Involuntary Filing
A Delaware bankruptcy judge's dismissal of the involuntary Chapter 7 of the defunct subsidiary of an electric vehicle company as a bad faith end-run around a district court ruling is an example of the perils of an involuntary filing, bankruptcy professionals told Law360.
Purdue's $7.4B Deal Fits Right Into New Ch. 11 Paradigm
Months after the U.S. Supreme Court issued a paradigm-changing decision torpedoing nonconsensual liability releases in bankruptcy, Purdue is back with a new $7.4 billion settlement of opioid claims that adheres not only to the high court decision, but also to a new norm developing around Chapter 11 plans, experts told Law360.
Brightmark Plastics' Path To A 'No Strings' Sale In Ch. 11
In the two years that it has been transforming used plastic into pyrolysis oil at its Indiana "circularity center," Brightmark Plastics Renewal LLC has struggled with capital expenses and production problems that left it unable to make enough to cover the costs of plant operations, leading it to file for bankruptcy on Sunday.
Bad Faith Dismissal Shows Perils Of Involuntary Filing
A Delaware bankruptcy judge's dismissal of the involuntary Chapter 7 of the defunct subsidiary of an electric vehicle company as a bad faith end-run around a district court ruling is an example of the perils of an involuntary filing, bankruptcy professionals told Law360.
Purdue's $7.4B Deal Fits Right Into New Ch. 11 Paradigm
Months after the U.S. Supreme Court issued a paradigm-changing decision torpedoing nonconsensual liability releases in bankruptcy, Purdue is back with a new $7.4 billion settlement of opioid claims that adheres not only to the high court decision, but also to a new norm developing around Chapter 11 plans, experts told Law360.
Brightmark Plastics' Path To A 'No Strings' Sale In Ch. 11
In the two years that it has been transforming used plastic into pyrolysis oil at its Indiana "circularity center," Brightmark Plastics Renewal LLC has struggled with capital expenses and production problems that left it unable to make enough to cover the costs of plant operations, leading it to file for bankruptcy on Sunday.
Expert Analysis
.jpg)
Rachel Cohen at Skadden discusses why she is helping to organize a movement of BigLaw associates urging their firm... (more story)
Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances... (more story)
As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agre... (more story)
Large Cap More
A Texas bankruptcy judge has rejected a new $8 million cash offer for Free Speech Systems, the publisher of InfoWars, writing he already ruled out a sale of FSS' assets in the Chapter 7 of conspiracy theorist Alex Jones.
New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability... (more story)
Houston's bankrupt MMA Law Firm PLLC has struck a deal to share the proceeds of its mass tort lawsuits with litigation funders Equal Access Justice Fund LP, a key creditor, in exchange for support of its Chapter 11 plan.
The U.S. Trustee's Office has urged a Delaware bankruptcy court to reject fabrics and crafts retailer Joann Inc.'s request to hire professionals from Deloitte in its Chapter 11, unless the debtor can show the ... (more story)
Chilean mobile phone operator WOM SA asked a Delaware bankruptcy judge to extend its exclusivity period by 30 days to give it enough time to consummate a Chapter 11 plan that was approved earlier this month.
Vinson & Elkins LLP has announced the return of a Denver environmental lawyer from Kirkland & Ellis LLP.
The Fifth Circuit partially reversed and remanded the Texas bankruptcy court's approval of defunct hedge fund Highland Capital Management's Chapter 11 plan, ruling that the bankruptcy court "exceeded its power... (more story)
A Texas bankruptcy judge on Wednesday approved a settlement between hospital operator Prospect Medical Holdings Inc. and landlord Medical Properties Trust Inc. that allows the debtor to launch a sale process f... (more story)
A Connecticut attorney suspended for two weeks over his role in the mishandling of Sandy Hook families' confidential records has asked a state court judge to credit him for a weeklong suspension he served more... (more story)
The former co-chair of Schulte Roth & Zabel LLP's business reorganization group has rejoined Cadwalader Wickersham & Taft LLP after more than a decade away from the firm, Cadwalader recently announced.
Mid Cap More
The operator of a New Hampshire power plant fueled by scrap wood has asked for court approval to solicit creditor votes for a new version of its Chapter 11 plan, which opts for restructuring the company rather... (more story)
Bankrupt medical technology company UpHealth has extended the voting deadline for its confirmed Chapter 11 reorganization plan and disclosure statement to next week, marking the fifth extension since the origi... (more story)
Nursing home operator Cold Springs told a New York bankruptcy judge Thursday the buyer of its 588-bed facility has quelled a dispute with a healthcare workers' union, clearing the way for a Chapter 11 sale.
Travel app company Mondee Holdings Inc. asked a Delaware bankruptcy judge late Wednesday to convert its Chapter 11 case to a liquidation under Chapter 7, saying after it closes on a sale of its assets to exist... (more story)
The Office of the U.S. Trustee urged a New Jersey federal judge to throw out or convert to a Chapter 7 liquidation the bankruptcy case of event venue The Chariot, saying the debtor's insurance for its $42 mill... (more story)
Benson Hill Inc., a company that develops a high-protein soybean, filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $110.7 million in debt and plans to sell its assets through the case.
Clothing retailer Liberated Brands secured final approval of its debtor-in-possession loan Wednesday, telling a Delaware bankruptcy judge that it struck a settlement with an apparel designer in connection with... (more story)
A lawyer who was barred from filing new petitions in the Southern District of New York bankruptcy court and was ordered to pay a $2,000 fine for an alleged pattern of filing and then abandoning bankruptcy case... (more story)
Bradley Arant Boult Cummings LLP said Wednesday that it has expanded its bankruptcy and corporate team in Houston with the addition of three attorneys from Chamberlain Hrdlicka White Williams & Aughtry, includ... (more story)
As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to buil... (more story)