A Long Island nursing home will fend off a Chapter 7 conversion bid. Former trucking company Yellow Corp. is seeking approval for $526 million in settlements. And the U.S. Trustee's Office is defending its standing to claw back fees from a law firm at the center of a judicial ethics scandal.
Specialty materials maker Alkegen's defeat of a challenge to legal releases in its Chapter 11 plan offers more clarity around what constitutes consent under the U.S. Supreme Court's Purdue Pharma decision, with a Texas bankruptcy judge allowing the debtor to use opt-outs to bind creditors who accepted the plan.
The U.S. Trustee's Office and Texas law firm Jackson Walker LLP are heading for a fight next week about whether the bankruptcy watchdog has standing to claw back attorney fees after a scandal touched some of the firm's cases — but it's a battle that both sides no longer want.