Meet The Attys Helping PrimaLend's Creditors Committee
The unsecured creditors committee for subprime auto loan company PrimaLend Capital Partners LP has hired attorneys from boutique firm Vartabedian Hester & Haynes LLP to help it execute its role in the bankruptcy.
Purdue Opts Into New Release Reality To Win Ch. 11 Plan OK
Shifting to an opt-in release mechanism in response to a U.S. Supreme Court ruling got Purdue's revamped Chapter 11 plan to confirmation by giving claimants the choice to pursue members of the Sackler family for civil liability, though that may prove to be a tall order, experts told Law360.
Catching Up With New Bankruptcy Case Action
Hotel company Sonder initiated a Chapter 7 after announcing plans to wind down, jewelry company Lugano entered Chapter 11 with more than $680 million in debt, and grain processor Hansen-Mueller Co. also filed for Chapter 11.
Meet The Attys Helping PrimaLend's Creditors Committee
The unsecured creditors committee for subprime auto loan company PrimaLend Capital Partners LP has hired attorneys from boutique firm Vartabedian Hester & Haynes LLP to help it execute its role in the bankruptcy.
Purdue Opts Into New Release Reality To Win Ch. 11 Plan OK
Shifting to an opt-in release mechanism in response to a U.S. Supreme Court ruling got Purdue's revamped Chapter 11 plan to confirmation by giving claimants the choice to pursue members of the Sackler family for civil liability, though that may prove to be a tall order, experts told Law360.
Catching Up With New Bankruptcy Case Action
Hotel company Sonder initiated a Chapter 7 after announcing plans to wind down, jewelry company Lugano entered Chapter 11 with more than $680 million in debt, and grain processor Hansen-Mueller Co. also filed for Chapter 11.
Expert Analysis
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Large Cap More
A Texas bankruptcy judge confirmed the Chapter 11 plan from business internet service provider Everstream Solutions after overruling an objection to the plan's third-party releases from the U.S. Trustee's Office.
Personal injury and wrongful death claimants have asked the Fifth Circuit to intervene in Genesis Healthcare's bankruptcy to unravel orders the group says obstruct claimant access to the civil justice system.
Canacol Energy Ltd., a Canadian group that explores natural gas in Colombia, has sought Chapter 15 protection in New York, citing a liquidity crunch hampering its ability to make upcoming payments on over $900... (more story)
A New York federal judge on Tuesday rejected Reed Smith LLP's latest effort to intervene on behalf of the purported former owners of international shipping company Eletson Holdings in Eletson's $102 million br... (more story)
Luxury jewelry house Lugano Diamonds & Jewelry Inc. can access up to $1.5 million in Chapter 11 financing from its majority owner as it pursues a buyer during the holiday shopping season.
A New York bankruptcy judge gave a bench ruling Tuesday explaining his decision to confirm Purdue's $7.4 billion Chapter 11 plan, which transforms the pharmaceutical giant into a public benefit company, ruling... (more story)
A Louisiana bankruptcy judge on Tuesday told bondholders they cannot argue for consolidating the bankruptcy cases of the Roman Catholic Archdiocese of New Orleans and its parishes at the ongoing confirmation h... (more story)
In a Florida federal court battle over the ownership of the Miss America pageant, the defendants have filed a competing sanctions motion against the plaintiffs and their counsel for "false narratives" followin... (more story)
Carrington Coleman Sloman & Blumenthal LLP has bulked up its corporate and mergers and acquisitions offerings with a four-attorney team from Dallas regional firm Underwood Perkins PC, including that firm's former CEO.
A New York federal judge has paused enforcement of nearly $3 billion in defaulted Venezuelan-issued bonds until a winning bidder for the country's most important seizable asset — the parent company of the oil ... (more story)
Mid Cap More
Attorneys for former DNA testing company 23andMe urged a Missouri bankruptcy judge Wednesday to approve its Chapter 11 liquidation plan, which resolved objections from states and the U.S. Trustee tied to claim releases.
A Texas bankruptcy judge approved Maverick Gaming for a Chapter 11 sale of its fabrication business Wednesday, saying the company found the best deal for the assets even though the sale is to an insider.
Whole Foods can proceed with its $1 million lawsuit over construction work that freed asbestos and forced a store to close temporarily, after a North Carolina Business Court judge ruled the grocer alleged enou... (more story)
Pillsbury Winthrop Shaw Pittman LLP on Wednesday urged the Second Circuit to allow it to keep a $4 million advance payment retainer from the since-convicted former CEO of a bankrupt cybersecurity company, but ... (more story)
The owner of the Dallas Stars hockey team asked a Texas bankruptcy judge to reopen the club's 2011 bankruptcy case to enforce its confirmation order and stop a suit from the NBA's Dallas Mavericks seeking to r... (more story)
23andMe asked a Missouri bankruptcy judge to approve a deal that will modify a settlement with data breach claimants to encompass more claims and pay $9 million, saying doing so will avoid litigation.
Hollywood studio Warner Brothers asked a Delaware bankruptcy judge on Tuesday to pause the $18.5 million sale of its bankrupt former business partner Village Roadshow's derivative film rights while it challenges the deal.
A Louisiana bankruptcy judge Monday blessed over $29 million in insurance settlements between the Roman Catholic Diocese of New Orleans and its insurers as a scheduled two weeks of hearings on the archdiocese'... (more story)
Brett Miller of Willkie Farr & Gallagher LLP represented the unsecured creditors' committees of leading Scandinavian airline SAS AB, Chilean telecom WOM SA, Brazilian airline Gol Linhas Aéreas Inteligentes SA ... (more story)
Porzio Bromberg & Newman PC has asked the New Jersey federal court to dismiss a Louisiana doctor's lawsuit accusing the firm and one of its attorneys of legal malpractice, arguing the physician lacks standing ... (more story)