Attorneys general for 20 states and the District of Columbia urged the U.S. Supreme Court to take up a challenge to the validity of "Texas Two-Step" bankruptcies, telling the high court a Fourth Circuit ruling... (more story)

A North Carolina bankruptcy judge on Friday denied energy aggregator American Efficient's requested sanctions against PJM Interconnection, saying the power grid operator's refusal to hand over $800,000 in post... (more story)

A term loan lender in the Chapter 11 case of Florida regional rail company Brightline Holdings has raised concerns about the unusual postpetition lending package in the bankruptcy, contending creditors should ... (more story)

A New Jersey bankruptcy judge approved a $535 million global settlement resolving estate claims tied to former talc supplier Whittaker Clark & Daniels Inc., a victory for corporate parent Berkshire Hathaway an... (more story)

A Delaware bankruptcy judge Friday agreed to grant Chapter 15 recognition of Papaya Gaming Ltd.'s insolvency proceeding in Israel but ordered the debtor to freeze funds in its U.S. bank accounts in light of an... (more story)

Reed Smith urged the Second Circuit in an emergency motion to pause lower court decisions requiring the firm to turn over client files related to shipping company Eletson, saying the courts have "presumed the ... (more story)

Getty Images secured a Delaware bankruptcy judge's approval on Thursday to borrow $85 million in Chapter 11 financing from a Koch family affiliate, funds it will direct to senior lenders and use to support its... (more story)

Investment platform Linqto can switch its liquidating trustee to a subsidiary of Kroll LLC, a Texas bankruptcy judge said Thursday, after the debtor sued to force Forge Global Holdings to perform its duties un... (more story)

The Purdue Pharma bankruptcy trust and trustees for some members of the Sackler family have filed separate documents in a New York bankruptcy court challenging moves they described as continued attempts by Ric... (more story)

A union representing pilots at Southwest Airlines objected late Wednesday to the proposed $10 million sale of employee data by bankrupt airline Spirit Aviation, saying the deal would adversely affect flight cr... (more story)

A Florida bankruptcy judge said Friday he will approve a global settlement that provides a Chapter 11 exit path for Popeyes Louisiana Kitchen franchisee Sailormen Inc., a deal reached after both the franchisor... (more story)

RiverStreet Communications, a provider of broadband, wireless and telephone services in rural Virginia and North Carolina, can access $10 million of an $80 million Chapter 11 financing package, despite an obje... (more story)

The U.S. Securities and Exchange Commission told a Florida federal court Friday that it wants to settle its $152 million investor fraud suit against a real estate investment trust and its founders.

A New York bankruptcy judge has granted Chapter 11 plan confirmation to the owner of a mixed-use property in Manhattan's SoHo neighborhood, letting it transfer the building to a secured lender that is also fun... (more story)

A creditor of InvaTech Pharma Solutions is asking a New Jersey bankruptcy judge to reject the generic-drug developer's request to end its Chapter 11 case, saying it should be converted into a Chapter 7 liquidation instead.

Law firm Jackson Walker said Wednesday that it should not be sanctioned for failing to bring to a Texas federal judge's attention additional cases involving an undisclosed romantic relationship between a bankr... (more story)

Philadelphia-based Weir LLP has shaken up its leadership team by naming a partner who has practiced at the firm for more than 25 years as its new managing partner.

A California federal judge granted the U.S. Securities and Exchange Commission a summary judgment win Wednesday in the commission's suit accusing a Los Angeles businessman of running two securities fraud schem... (more story)

A Texas bankruptcy judge Wednesday gave Camp Mystic one week to secure commitments from independent officials to manage the debtor's bankruptcy and litigation without interference from the Eastland family, tem... (more story)

A provider of broadband, wireless and telephone services to customers in rural Virginia and North Carolina filed for Chapter 11 protection Wednesday in Norfolk, Virginia, saying it owes $219 million to lenders... (more story)