Spirit Airlines Pros Get $32M In First Batch Of Fees
A New York bankruptcy judge approved more than $32 million in professional fees for firms working on the latest bankruptcy from Spirit Airlines, including about $13 million for restructuring adviser FTI Consulting Inc. and $12.9 million for debtor counsel Davis Polk & Wardwell LLP.
Meet The Attys Helping Texas Renewables Co. Find 2nd Wind
Shannon Wind LLC, the owner of a wind farm in North Texas, has tapped Bradley Arant Boult Cummings LLP to oversee the bankruptcy it began Sunday with $108 million in debt, ailing from the long-term consequences of a winter storm in the Lone Star State.
Finance Execs Taking A Strict Line On Late Pay Penalties
Almost two-thirds of U.S. finance leaders are unwilling to wait longer than 60 days before imposing penalties for late payments on invoices, with those creditors likely to enforce payment discipline amid rising bankruptcies and squeezed cash flow, a new survey found.
Large Cap More
Patrick James, the founder of bankrupt auto parts makerĀ First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double ple... (more story)
Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 bankruptcy in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by... (more story)
Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a New Jersey bankruptcy court with an agreement in place to trim $3.9 billion of its $5.9 billion in debt.
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auc... (more story)
A Texas bankruptcy judge on Wednesday granted FAT Brands Inc., owner of Fatburger and Johnny Rockets, interim approval to use cash collateral after the debtor and certain noteholders reached an agreement on th... (more story)
An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner'... (more story)
Canned food producer Del Monte told a New Jersey bankruptcy judge Wednesday a settlement it reached with groups of secured and unsecured creditors is the best way forward for the business to close on a sale of... (more story)
A Texas bankruptcy judge on Wednesday rejected a Massachusetts-based real estate investment trust's request for final approval of its $125 million in Chapter 11 financing, saying it would leave the debtor boun... (more story)
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the f... (more story)
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successf... (more story)
Mid Cap More
From forensic tracing of hundreds of crypto mining rigs to understanding the ins and outs of Texas' energy market, the special committee of Rhodium Enterprises played a key role in the bitcoin miner's bankrupt... (more story)
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outsid... (more story)
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that ... (more story)
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting s... (more story)
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale a... (more story)
The Missouri judge overseeing former DNA testing company 23andMe's bankruptcy agreed to give final approval to two class action settlements totaling $53.25 million on Wednesday, overruling a handful of objecti... (more story)
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including ... (more story)
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of ... (more story)
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has... (more story)
Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot theĀ legal bills of one of its officers, as the law... (more story)