Large Cap More

Stevens & Lee Adds 5-Atty Bankruptcy Team In New Jersey

Stevens & Lee PC has brought on five Genova Burns LLC lawyers in New Jersey, strengthening the firm's bankruptcy and financial restructuring department.

Builder Files Ch. 11 Suit To Block Solar Panel Collections

Residential developer Taylor Morrison has asked a Delaware bankruptcy judge to bar the buyer of SunPower Corp.'s assets from contacting owners of homes it built, arguing the purchaser can't repossess installed... (more story)

FTX Exec's Wife Gets Trial Date In Campaign Finance Case

A Manhattan federal judge Wednesday scheduled a November trial for crypto-lobbyist Michelle Bond, as she seeks to beat charges alleging she agreed with her husband, jailed former FTX executive Ryan Salame, to ... (more story)

JPM's Construction Debt Grows As Wells Pulls Back By $1.6B

JPMorgan's construction debt on the books rose in the first quarter while Wells Fargo continued to pare its construction debt holdings during the period, showing contrasting narratives for the nation's two big... (more story)

NY Archdiocese Must Turn Over Mediation Docs To Insurers

A New York state court has backed a discovery master's decision that the Archdiocese of New York must hand over files related to mediation talks to Chubb, the latest in insurance coverage litigation for thousa... (more story)

Boy Scouts Trustee Says Insurers Must Hand Over $211M

The official overseeing the Boy Scouts of America's settlement trust urged a Delaware bankruptcy judge to order four insurers to release $211 million in escrowed funds tied to a $1.66 billion deal the debtor r... (more story)

Steward Trust Says Buyers May Have $22M Of Its Money

The plan administrator trust established under Steward Health Care's Chapter 11 plan has asked a Texas bankruptcy judge to make hospital buyers hand over any payments out of an estimated $22 million the trust ... (more story)

Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

Guo Trustee Seeks OK For $14.95M In Transfer Claim Deals

The Chapter 11 trustee overseeing the estate of billionaire fraudster Miles Guo is seeking approval of settlements reached in fraudulent transfer suits against insurance companies including Anthem Health Plans... (more story)

Injunction Tweaked To Balance Prince Global Ch. 15 Rights

A New York bankruptcy judge has overruled most of the objections lodged by a director of Prince Global Holdings to the language of a Chapter 15 recognition order but allowed some changes that would balance the... (more story)

Mid Cap More

Mid-Market Staffing Firm Allére Files For Ch. 7 Liquidation

The Allére Group Professional Corporation, a Pennsylvania-based mid-market staffing firm, has filed for Chapter 7 liquidation in Delaware with $11.6 million in liabilities amid a slate of debt collection lawsu... (more story)

Camp Mystic Files For Bankruptcy After Deadly Texas Floods

Camp Mystic filed for Chapter 11 protection in a Texas bankruptcy court Wednesday, almost a year after extreme floods killed 28 people at the summer camp in central Texas.

Fla. Judge OKs Ch. 11 Sale Of Popeyes Restaurants For $16M

A Florida bankruptcy judge on Tuesday approved a Popeyes franchisee's Chapter 11 sale, allowing a roughly $16 million sale of nearly 100 restaurants to five purchasers who secured winning bids at an auction ea... (more story)

Flight Sim Training Co.'s Ch. 11 Liquidation Plan Approved

Pilot training company Avenger Flight Group LLC received approval Tuesday from a Delaware bankruptcy judge for its Chapter 11 liquidation plan to create a trust to provide recoveries to unsecured creditors.

NYC Loft Owner Reaches Pact With JPMorgan In Ch. 11

The owner of a Manhattan loft told a New York bankruptcy judge on Tuesday that it had reached a tentative agreement with lender JPMorgan Chase Bank NA that should enable the bank to take possession of the buil... (more story)

Gene Therapy Developer Sangamo Hits Ch. 11 With Sale Plans

Sangamo Therapeutics Inc. filed for bankruptcy protection in Delaware on Tuesday with offers to sell parts of its genetic therapy development programs to Eli Lilly and Co. and Astellas Pharma Inc.

IRS, FCC Say Spanish Broadcasting's Ch. 11 Plan Lacking

The Internal Revenue Service and Federal Communications Commission have objected to the prepackaged Chapter 11 plan of Spanish Broadcasting System, telling a Delaware court that the plan glosses over priority ... (more story)

Trustee Says Mass. Firm Ran Sham Law Firm Debt Scheme

The bankruptcy estate trustee for two Colorado residents told a federal court there Monday that a Massachusetts debt-relief company, a loan services company and a bank are illegally operating in the state in v... (more story)

Sorrento RICO Case Naming Jackson Walker Gets Axed

A Texas bankruptcy judge blocked a lawsuit in California federal court alleging Jackson Walker LLP and executives at Sorrento Therapeutics and M3 Partners conspired to forum shop in Texas so the drug developer... (more story)

Team Systems Trustee Seeks Default Judgment In Ch. 7 Fight

The Chapter 7 trustee of government contractor Team Systems has asked a Delaware bankruptcy judge to issue sanctions and a default judgment in his favor, as he pursues an adversary case against the company's f... (more story)

Expert Analysis

A Lender's Guide To Fraud: Identifying Risks

The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, b... (more story)

Brightline Debt Woes Highlight Risks In Private Rail Finance

The reported creditor negotiations and mounting debt obligations of Florida railroad Brightline arrive at a moment... (more story)

UCC Digital Asset Update Is Altering Lender, Obligor Diligence

The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing len... (more story)