Energy-efficiency aggregator American Efficient LLC filed for Chapter 11 protection as it fights a $1.1 billion fine from a federal regulator, blaming the penalty on rules that it said don't actually exist and wouldn't be enforceable even if they did.
A century-old alcohol distributor filed for bankruptcy while pursuing an asset sale, subprime lender CashCall entered Chapter 11 after facing more than $400 million in legal judgments, and a Bitcoin miner filed for Chapter 11 amid mounting losses and plans to sell its assets.
A group of attorneys from Sidley Austin LLP is leading the Chapter 11 case of Alea Holdings US Co., a unit of Bermuda-based insurance group Catalina Holdings, as the company plans to use its bankruptcy to push through a $20 million deal with a major creditor.