JPMorgan Displaces Wells Fargo Atop Construction Debt Ranks
Ten U.S. banks held $5 billion or more in construction debt on the books as of the end of 2025's third quarter, with several banks trimming that figure from a quarter earlier and Wells Fargo and JPMorgan Chase swapping spots at the top.
Genesis Picks New Stalking Bidder, J&J Gets Libel Hope
Genesis healthcare named its new stalking horse bidder in a rerun of its asset auction, a New Jersey federal judge signaled an intent to restart Johnson & Johnson's libel claim against the author of an article linking talc to mesothelioma and solar energy developer Pine Gate Renewables snagged approval of a $285 million sale of certain assets.
Meet The Restructuring Officer In Lidar Co. Luminar's Ch. 11
As Luminar, a developer of lidar technology used in autonomous vehicles, was facing bankruptcy, it turned to a managing director at Portage Point Partners with experience in restructuring, risk management and financing consultation to guide its recovery.
JPMorgan Displaces Wells Fargo Atop Construction Debt Ranks
Ten U.S. banks held $5 billion or more in construction debt on the books as of the end of 2025's third quarter, with several banks trimming that figure from a quarter earlier and Wells Fargo and JPMorgan Chase swapping spots at the top.
Genesis Picks New Stalking Bidder, J&J Gets Libel Hope
Genesis healthcare named its new stalking horse bidder in a rerun of its asset auction, a New Jersey federal judge signaled an intent to restart Johnson & Johnson's libel claim against the author of an article linking talc to mesothelioma and solar energy developer Pine Gate Renewables snagged approval of a $285 million sale of certain assets.
Meet The Restructuring Officer In Lidar Co. Luminar's Ch. 11
As Luminar, a developer of lidar technology used in autonomous vehicles, was facing bankruptcy, it turned to a managing director at Portage Point Partners with experience in restructuring, risk management and financing consultation to guide its recovery.
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Large Cap More
A trust representing creditors of Sunnova Energy has urged a Texas bankruptcy court to deny Alvarez & Marsal North America's request for a $4 million "completion fee" in Sunnova's Chapter 11, contending that i... (more story)
Johnson & Johnson's talc unit told a New Jersey appeals panel on Tuesday that a lower court's ruling permitting Beasley Allen Law Firm attorneys to represent plaintiffs in multicounty litigation over its talc-... (more story)
Midsize firm Flaster Greenberg has recently expanded its board of directors with the addition of three attorneys based out of the firm's offices in the Philadelphia region.
A Manhattan federal judge has vacated a $102 million arbitral award issued to international shipping company Eletson Holdings, saying, "The evidence is clear and convincing that Eletson committed fraud in the ... (more story)
Freight company STG Logistics Inc. entered bankruptcy protection in New Jersey with up to $10 billion in liabilities, prison phone company Smart Communications filed for Chapter 11 in Florida in connection wit... (more story)
Former top executives of now-bankrupt solar power equipment company SunPower have settled with investors to end claims in California federal court alleging the company concealed the destitute state of its fina... (more story)
A Texas bankruptcy judge on Monday declined to approve former Tricolor CEO Daniel Chu's attempt to access the subprime lender's directors and officers insurance to pay for his legal expenses as he faces fraud ... (more story)
A bipartisan bill doubling the fixed per-case fees for Chapter 7 trustees is headed to President Donald Trump for a signature, after the U.S. House of Representatives passed it Monday night.
Prospect Medical Holdings Inc. has asked a Texas bankruptcy judge to order the buyer of its California hospitals to cough up $11.6 million owed under an asset purchase agreement inked last year, saying it's at... (more story)
Thompson Coburn LLP announced Monday that it has added three partners and an associate from Gutnicki LLP to bolster its financial restructuring and bankruptcy practice as well as its capacity to handle corpora... (more story)
Mid Cap More
A Delaware bankruptcy judge Tuesday rejected a bid by two bankrupt entities tied to the former Hudson Hotel to retain DLA Piper LLP as special counsel in their Chapter 11 case, saying the law firm's work for t... (more story)
A Delaware bankruptcy judge on Tuesday granted final approval of mortgage servicer AmeriFirst Financial Inc.'s Chapter 11 plan and disclosure statement, overruling objections from the Office of the U.S. Truste... (more story)
The mortgage lender to a bankrupt Manhattan loft owner is asking a New York bankruptcy judge to block the debtor from spending its cash collateral, saying the landlord is overpaying employees and diverting funds.
A title insurance company's successful effort to dissolve a previously missed $1.6 million attachment on a piece of property was all that was required to absolve it of liability to a second mortgage lender aft... (more story)
The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of mani... (more story)
A group of debtors affiliated with New York City landlord Pinnacle Group named stalking horse bidder Summit Gold Inc. the winner in an asset auction opposed by the city's new mayor.
Oroville Hospital Monday struck a deal with its landlords to tap into the California hospital's cash for its next two months of lease payments as it works toward a sale in its Chapter 11 case.
The owner of the Dallas Stars hockey franchise lost its bid to reopen the team's 2011 bankruptcy case on Monday when a Delaware judge said a Texas business court is able to deal with an ongoing dispute with th... (more story)
The U.S. Supreme Court on Monday declined to hear arguments from the founder of hedge fund Highland Capital Management that the judge who presided over Highland's bankruptcy case was biased, and that two novel... (more story)
The Roman Catholic Diocese of Buffalo on Friday told a New York bankruptcy judge that a U.S. Trustee's Office proposal that it be required to obtain affirmative consent for claims releases in its Chapter 11 pl... (more story)