January 06, 2025
A Manhattan federal judge held Rudy Giuliani in contempt over a $148 million defamation judgment, after the former New York City mayor cited memory lapses during questioning about the case. Terraform Labs founder Do Kwon was arraigned in New York and denied orchestrating a $40 billion fraud, with a follow-up hearing scheduled for Jan. 8. Celsius Network appealed a Delaware bankruptcy judge's decision to deny its amended $444.6 million claim against FTX.
January 03, 2025
Diamond Sports Group has emerged from Chapter 11 with a balance sheet that is nearly $9 billion lighter in debt and with a new name, the sports broadcasting company has announced.
November 15, 2024
In this week's Off The Bench, a college football star takes the NCAA to court seeking one more year to play, the plot of a recent Netflix release might have been lifted from another creator and a transgender college athlete's right to compete is challenged by other players.
November 14, 2024
Diamond Sports Group received approval for its Chapter 11 plan Thursday from a Texas bankruptcy court, clearing the way for its continued broadcast of 27 professional sports teams and new streaming options through a deal with Amazon.
October 18, 2024
Bally Sports Networks will be rebranded as FanDuel Sports Networks after a Texas bankruptcy judge approved an agreement between Diamond Sports Group and the betting platform.
October 16, 2024
The parent company of Bally Sports-branded regional sports networks has asked a Texas bankruptcy judge for permission to change naming rights partners, revealing it has a short-term deal in which fantasy sports and betting platform FanDuel would take over the sponsorship agreement.
October 15, 2024
The latest bankruptcy case of a Johnson & Johnson talc unit survived a motion to transfer the proceedings to New Jersey, decades-old hardware store chain True Value commenced a Chapter 11 case and the update plan disclosure statement for the parent of Bally Sports regional sports networks were approved by a Texas judge. This is the week in bankruptcy.
October 09, 2024
The parent company of Bally Sports-branded regional sports networks received approval Wednesday from a Texas bankruptcy judge for the disclosure statement tied to an amended Chapter 11 plan that will reorganize the business.
October 07, 2024
FTX will start repaying customers using up to $16.5 billion in assets that the fallen cryptocurrency company has recovered since filing for bankruptcy in November 2022, after a Delaware bankruptcy judge blessed FTX's reorganization plan at a hearing Monday.
October 02, 2024
A new Chapter 11 plan filed by the owner of Bally Sports-branded regional sports networks would reject all but one of the company's broadcast deals with MLB teams, but would maintain contracts with professional basketball and hockey partners while swapping existing debt for reorganized equity.