The buyers of a Maine summer camp from bankrupt camp operator SimadHoldings are accusing the camp's former directors of stealing confidential files and taking them to the competition.

In September, Weil Gotshal & Manges LLP released an official statement signaling that it was not engaged in merger talks. A month later, the firm confirmed that it was exploring a merger.

A New York bankruptcy judge Monday found that disgraced insurance mogul Greg Lindberg cannot pause a $13 million settlement between one of his companies and parties he is accused of fraudulently funneling money to while he...(read more)

As more former Weil Gotshal & Manges LLP attorneys find new homes for their practices while the firm winds down operations, Latham & Watkins LLP confirmed Monday that it hired five partners and one counsel across multiple ...(read more)

Retailer The Children's Place has filed for Chapter 11 protection in New Jersey bankruptcy court with $881.3 million in debt and a plan to sell its assets during the case.

Norway's central bank announced Friday that KPMG LLP has agreed to pay $224.5 million to settle a class action in California federal court accusing it of ignoring red flags in auditing Silicon Valley Bank, which collapsed ...(read more)

A Texas bankruptcy judge Friday allowed a group of Hughes Satellite creditors to introduce new evidence as he mulls whether Kirkland can represent a special committee of the satellite internet provider's directors in its C...(read more)

Airlines for America joined the objections to Spirit Airlines' proposed Chapter 11 sale of its deidentified data to Google, arguing that the transaction could make airline employees less likely to voluntarily disclose safe...(read more)

A Connecticut bankruptcy judge has approved a deal splitting rights to millions in assets between convicted Chinese securities fraudster Miles Guo's Chapter 11 trustee and federal prosecutors, with roughly $153 million in ...(read more)

The U.S. Supreme Court agreed to take up a case involving a Fourth Circuit decision that denied an attempt by Goldman Sachs to arbitrate disputes with two debtors in bankruptcy over alleged violations of the automatic stay.

A former chief financial officer of Vesttoo has urged the Delaware bankruptcy court to let the insolvent Israeli fintech's insurance carriers cover more than $1.5 million in legal fees stemming from fraud-related investiga...(read more)

Card room operator Maverick Gaming has asked a Texas bankruptcy judge for permission to transfer properties subject to its master lease with Blue Owl to its former CEO, seeking to shed its obligations under a sale-leasebac...(read more)

A Tennessee federal judge reversed an order stopping the government from collecting an aircraft trader's $14 million tax debt, saying a bankruptcy court improperly concluded that the government's position that the debt cou...(read more)

Health-focused restaurant chain True Food Kitchen received approval Monday from a Texas bankruptcy judge for its bidding procedures as it looks to close a Chapter 11 sale before the year's end.

Litigation investor Henderson & Jones has sued the former director of a property company for £1 million ($1.3 million), alleging he took out a COVID-19 business interruption loan that contributed to the property developer ...(read more)

Kansas City Chiefs player Rashee Rice has filed for Chapter 7 in Texas bankruptcy court while facing a domestic abuse lawsuit by a former girlfriend.

A California federal judge has dismissed a business owner's sprawling Racketeer Influenced and Corrupt Organizations Act suit against his former business partner after the company went too long without an attorney represen...(read more)

A New York bankruptcy judge on Friday said he will convert the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition to a court-supervised Chapter 7 liquidation as soon as the sale of the company's a...(read more)

A bill to increase bankruptcy debt eligibility limits for Subchapter V, opening the streamlined reorganization process to more small businesses, is awaiting a signature by the president to become law.

A ruling by an English appeals court that sanctions do not wipe out the rights of creditors has drawn a boundary around the government's powers — though lawyers warn that the restrictions still leave those rights worth muc...(read more)