Large Cap More

Lender's $8.1M In Losses Were 'Self-Inflicted,' 11th Circ. Told

The former CEO of a lender that financed independent insurance marketers has urged the Eleventh Circuit to reverse an $8.1 million trial judgment for breaching his work terms, arguing that the damages sustaine... (more story)

Ex-Nuclear Power Workers Ask To Amend Wage-Fixing Suit

Former nuclear plant workers are asking a Maryland federal court to let them refile a proposed class action, saying they have new, direct evidence that companies worked together to fix wages in the nuclear energy industry.

Inspired Healthcare Seeks OK For $713M Asset Sale

Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split am... (more story)

Pachulski Stang Names NY Leader As 1st Firm Chair

Bankruptcy and restructuring boutique Pachulski Stang Ziehl & Jones LLP announced Tuesday it has named its first firm chair, as one of its co-founder steps away from day-to-day management and the firm looks to... (more story)

Nielsen Faced Potential Fine Of $50K Per Day In Tying Case

If the Second Circuit hadn't stepped in and paused a New York federal court order commanding Nielsen Co. to provide its national ratings data separate from its local offerings, the company would have racked up... (more story)

Summer Camp Operator Says Cash Advances Were Loans

The insolvent company that ran dozens of summer camps in several states is asking a New Jersey bankruptcy judge to find the financing agreements it had entered shortly before it sought Chapter 11 protection we... (more story)

FTX Trust Says SkyBridge Can't Collect $53M In Ch. 11 Claims

FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at ... (more story)

Catching Up With Delaware's Chancery Court

The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to ... (more story)

Womble Bond Plants Flag In Florida With Jacksonville Shop

Womble Bond Dickinson announced Monday that it has opened an office in Jacksonville, its first in Florida, with a three-member team of bankruptcy and restructuring attorneys anchoring the new location.

Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says

A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, accordi... (more story)

Mid Cap More

Meet The Attys Helping Horticultural Supplier BFG In Ch. 11

BFG Supply Co. LLC, a major U.S. distributor of horticultural and agricultural supplies, has hired attorneys from Cole Schotz PC to guide its Chapter 11 case as the debtor pursues a sale of all its assets.

Steel Distributor UPG Hits Ch. 11 In Illinois Seeking Sale

Steel distributor UPG Enterprises has filed for Chapter 11 protection in Illinois in hopes of drumming up more interest in its sale process, the debtor said Wednesday.

Crypto Miner Creditor Denied Judgment In Ch. 11 Fee Dispute

A creditor that had joined in an involuntary Chapter 11 petition against cryptocurrency miner Mawson lost its bid for a judgment on the pleadings Tuesday in the former debtor's bankruptcy court lawsuit seeking... (more story)

SPI Solar Can Take Discovery From Ex-CEO

A Delaware bankruptcy judge Tuesday signed off on SPI Solar's bid to take books and records from the solar company's former CEO and others, overruling the ex-executive's objection to the debtor's discovery motion.

Yardbird Can Tap $5.4M Ch. 11 Loan To Pursue Asset Sale

Casual Southern dining chain Yardbird on Tuesday received a Delaware bankruptcy judge's interim approval to get a taste of its $5.4 million in Chapter 11 financing as the debtor prepares to run a sale process ... (more story)

Wendy's Says 314-Store Franchisee Lost Rights Before Ch. 11

Wendy's Co. told a Michigan bankruptcy court that one of its largest U.S. franchisees lost the right to operate 314 restaurants before filing for Chapter 11 protection, arguing that the franchise agreements ha... (more story)

23andMe Can Estimate Calif. Claims, But Only For Reserve

A Missouri federal judge Monday partially granted a bid by 23andMe's bankruptcy trust to assess the value of data breach claims brought by the state of California, saying he would let the trust value the state... (more story)

Spanish Steel Co. Tubos Reunidos Gets Ch. 15 Recognition

Tubos, a steel pipe maker, received Chapter 15 recognition of its Spanish insolvency proceeding Monday at a hearing in Texas bankruptcy court.

Judge OKs Up To $3.2M In BioXcel Employee Ch. 11 Bonuses

A Delaware bankruptcy judge approved employee retention and executive incentive payments that could total up to $3.2 million as AI-bolstered pharmaceutical group BioXcel works to sell its assets in Chapter 11.

Yardbird Southern Dining Chain Hits Ch. 11 With $50M Debt

Elevated casual dining chain Yardbird Group LLC filed for Chapter 11 protection Monday in Delaware, listing $25 million of secured debt obligations and another $25 million in unsecured claims as it pursues a s... (more story)

Expert Analysis

How Cannabis Rescheduling Is Reshaping Bankruptcy

As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries... (more story)

How Boards, Lenders Can View ABC Bankruptcy Alternative

The broader adoption of the Uniform Assignment for the Benefit of Creditors Act, including Delaware's recent statu... (more story)

Ch. 11 Ruling Offers A Drafting Guide For 3rd-Party Releases

A recent Puerto Rico bankruptcy court decision in Grupo Hima San Pablo has provided important guidance and a concr... (more story)