Meet The Attys Guiding Jack Nicklaus' Former Co. In Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP and Richards Layton & Finger PA is advising Nicklaus Companies LLC, the sporting gear and golf course design company founded by legend Jack Nicklaus, in its Chapter 11 case in Delaware.
Judge Explains OK For Purdue Ch. 11, Yellow Plan Confirmed
A judge provided his reasons for approving Purdue's revised Chapter 11 plan, and Yellow Corp. and business internet service provider Everstream Solutions both obtained confirmation for their bankruptcy plans.
Rite Aid Teed Up In NJ For Next Test Of Ch. 11 Release Ban
Rite Aid will try to get confirmation of a Chapter 11 plan Monday that calls for an orderly wind-down of much of the 63-year-old pharmacy chain, but it is facing pushback on its liability waivers in what will be another test of the U.S. Supreme Court's 2024 Purdue decision, which limited nonconsensual third-party releases.
Meet The Attys Guiding Jack Nicklaus' Former Co. In Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP and Richards Layton & Finger PA is advising Nicklaus Companies LLC, the sporting gear and golf course design company founded by legend Jack Nicklaus, in its Chapter 11 case in Delaware.
Judge Explains OK For Purdue Ch. 11, Yellow Plan Confirmed
A judge provided his reasons for approving Purdue's revised Chapter 11 plan, and Yellow Corp. and business internet service provider Everstream Solutions both obtained confirmation for their bankruptcy plans.
Rite Aid Teed Up In NJ For Next Test Of Ch. 11 Release Ban
Rite Aid will try to get confirmation of a Chapter 11 plan Monday that calls for an orderly wind-down of much of the 63-year-old pharmacy chain, but it is facing pushback on its liability waivers in what will be another test of the U.S. Supreme Court's 2024 Purdue decision, which limited nonconsensual third-party releases.
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Large Cap More
A New Jersey bankruptcy judge said he would confirm the Chapter 11 plan of drug store chain Rite Aid after overruling the U.S. Trustee's objection to the opt-out mechanism for obtaining creditor support for th... (more story)
Auto parts company First Brands Group urged a Texas federal judge to let it lend $45 million in Chapter 11 financing to a foreign affiliate that isn't in bankruptcy, saying the business needs immediate funding... (more story)
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A Texas bankruptcy judge Friday approved the sale of Anthology Inc.'s assets to a fellow educational technology company for $50 million.
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Rusoro Mining has accused Gold Reserve, a fellow creditor of Venezuela, of trying to undermine an auction process in Delaware federal court for Citgo Petroleum Corp.'s parent company "in any manner possible, and at any cost."
Mid Cap More
Alleging Ponzi scheme-like conduct, limited partners in Florida-based Whitestone Real Estate Fund III (GP) accused the business and its affiliates of shuffling through hundreds of related party transactions wi... (more story)
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A Delaware bankruptcy judge Monday denied a motion to stay the Chapter 11 sale of Village Roadshow's derivative film rights pending an appeal of the $18.5 million deal, finding Warner Bros. failed to demonstra... (more story)
Clearside Biomedical, a company developing treatments for eye diseases, has filed for Chapter 11 protection in Delaware bankruptcy court with $64 million in debt, saying it will attempt to sell its business during the case.
Home furnishing retailer American Signature Furniture filed for Chapter 11 protection in Delaware on Saturday with a plan to close 33 of its stores and sell the remainder of its business to affiliates of its current owners.
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A Texas bankruptcy judge Friday approved amended Chapter 11 financing for auto dealership lender PrimaLend Capital Partners that smooths over new objections from unsecured creditors by suspending debt payments... (more story)
The former head of the U.S. Department of Justice's bankruptcy watchdog program had her appeal challenging her abrupt firing dismissed, at least for now, while a federal agency mulls questions around executive... (more story)
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The First Circuit affirmed a jury's finding that a nine-foot-long, rhinestone-encrusted piano used by entertainer Liberace belongs to musical instrument maker Gibson and not a Massachusetts man.