What's Happening In Bankruptcy Court This Coming Week
In the week ahead, bankruptcy courts will consider whether to dismiss a clawback suit from the estate of bankrupt crypto exchange FTX, label maker Multi-Color's bid to disband the official committee of unsecured creditors in its case, the sale of Avenger Flight Group to its stalking horse bidder, and the contested disclosure statement from urgent care facility operator Carbon Health Technologies Inc.
Meet The Attys Guiding Dating Service Co. Spark In Ch. 15
German dating service company Spark Networks had retained a team from Boies Schiller Flexner LLP to guide it through its return to the U.S. bankruptcy system as it seeks recognition under Chapter 15 for its latest insolvency proceedings.
Bankruptcy Judge Defends Simultaneous Case Mediator Role
U.S. Bankruptcy Judge Michael B. Kaplan told Law360 Thursday he was "surprised" by skepticism over his decision to serve as mediator in a Chapter 11 case he is also presiding over, an arrangement some experts said was rare and potentially concerning.
What's Happening In Bankruptcy Court This Coming Week
In the week ahead, bankruptcy courts will consider whether to dismiss a clawback suit from the estate of bankrupt crypto exchange FTX, label maker Multi-Color's bid to disband the official committee of unsecured creditors in its case, the sale of Avenger Flight Group to its stalking horse bidder, and the contested disclosure statement from urgent care facility operator Carbon Health Technologies Inc.
Meet The Attys Guiding Dating Service Co. Spark In Ch. 15
German dating service company Spark Networks had retained a team from Boies Schiller Flexner LLP to guide it through its return to the U.S. bankruptcy system as it seeks recognition under Chapter 15 for its latest insolvency proceedings.
Bankruptcy Judge Defends Simultaneous Case Mediator Role
U.S. Bankruptcy Judge Michael B. Kaplan told Law360 Thursday he was "surprised" by skepticism over his decision to serve as mediator in a Chapter 11 case he is also presiding over, an arrangement some experts said was rare and potentially concerning.
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Large Cap More
The U.S. Trustee's Office and the unsecured creditors committee in Multi-Color Corp.'s Chapter 11 case shot back at the label maker's bid to disband the committee, telling a New Jersey bankruptcy judge that he... (more story)
A Delaware bankruptcy judge has mostly approved settlements that trucking company Yellow Corp. struck to resolve $7.4 billion worth of pension fund claims, finding three of the deals were outside the range of ... (more story)
Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.
A New Jersey bankruptcy judge has rejected a lender group's request to certify a Del Monte Foods settlement order for appeal to the Third Circuit, finding that the order reflected a fact-intensive application ... (more story)
California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter shou... (more story)
American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were di... (more story)
Bank of America and others have sued troubled auto parts maker First Brands Group and lender Aequum Capital in Texas bankruptcy court, seeking a judgment that the plaintiffs hold liens on inventory that outran... (more story)
A New Jersey bankruptcy judge said Thursday he would decide whether to certify a Del Monte settlement for direct appeal to the Third Circuit based on papers already filed in the case, after the canned food com... (more story)
Saks has gotten a commitment from its senior secured bondholders to provide $500 million in exit financing and intends to file a Chapter 11 plan in the coming weeks, the bankrupt retailer announced Thursday.
FBT Gibbons LLP announced Thursday that it has added the former national leader of Womble Bond Dickinson's bankruptcy, restructuring and creditors' rights team to its Delaware office.
Mid Cap More
The Delaware Chancery Court has declined to unwind the dissolution of Reinz Wisconsin Gasket LLC, ruling that an asbestos claimant failed to prove the defunct company had any meaningful assets that should have... (more story)
New Jersey-based Cross River Bank has, for now, escaped a proposed class action from an investor of solar technology company Sunlight Financial, accusing the bank of over-lending to risky borrowers in Sunlight... (more story)
An Illinois federal judge has thrown out a Caterpillar Inc. employee's proposed class genetic privacy suit over allegedly illegal medical history probes, saying the worker's midcase Chapter 7 bankruptcy filing... (more story)
A certified class of North Carolina borrowers are working to settle claims over excessive fees charged by their mortgage servicer for paying bills by phone, with a judge agreeing to a stay in the case.
A bankruptcy judge in Florida on Thursday blocked the founder of Bang Energy drinks from selling an island property and using proceeds to fund litigation, saying the court must determine whether the initial pu... (more story)
Pennsylvania Brewing Company Inc., which claims to be the oldest brewery in Pittsburgh, filed for Chapter 11 relief after being sued by its largest creditor.
The unsecured creditors of a Long Island nursing home operator are asking a New York bankruptcy judge to convert its Chapter 11 case into a Chapter 7 liquidation, arguing the company will run out of cash befor... (more story)
A New York bankruptcy judge has disallowed an $18 million claim asserted by Equity Funding LLC in the bankruptcy case of 1300 Desert Willow Road, a New Mexico industrial building owner, finding that it was not... (more story)
The U.S. Trustee's Office asked a New Jersey bankruptcy judge to convert drugmaker Nostrum Laboratories' Chapter 11 case to a Chapter 7 liquidation or dismiss it altogether because the debtor has not been fili... (more story)
McCarter & English LLP announced Wednesday that it has promoted two Newark, New Jersey-based attorneys to partner, one who is in the firm's bankruptcy group and the other who handles liability, mass torts and class actions.