Home Decor Co. Approved To Tap Into $15M Ch. 11 Loan
Bankrupt home textile and decor company Simply Interior Homes received approval Tuesday from a Delaware judge to tap into a $15 million Chapter 11 loan and help finance its dual-track bankruptcy case.
Columbia Bank Must Face Suit Over $230M Ponzi Scheme
A Washington federal judge on Tuesday preserved a bankruptcy trust's lawsuit against Columbia Bank, finding that the trust adequately alleged the bank helped a real estate business' former operators run a $230... (more story)
Sand Miners Say They Are Nearing Ch. 11 Sale Deal
Two bankrupt fracking sand miners on Tuesday asked a Texas bankruptcy judge for one more week to reach a deal for a cash offer outbidding the current $21 million stalking horse credit bid for their businesses.
Biomedical Co. Clearside Gets OK For $4M Ch. 11 Sale
Eye disease treatment developer Clearside Biomedical received a Delaware bankruptcy judge's approval on Tuesday to sell certain assets for $4 million to its stalking horse.
23andMe Says Calif. Data Breach Suit Barred By Ch. 11 Plan
The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe told a Missouri bankruptcy judge Monday that a state court lawsuit brought by the California attorney general over... (more story)
Denver Developer Accused Of Lies To Dodge Loan Repayment
A real estate investment firm has claimed in Colorado state court that a Denver developer lied numerous times to refinance on three occasions a promissory note governing the development of a residential lot on... (more story)
Catching Up With Delaware's Chancery Court
At the Delaware Chancery Court, a trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled, and a Reddit investor has filed a ... (more story)
Liability Insurer Owes $1M On $13M Botched Surgery Verdict
A medical professional liability insurer will pay its $1 million policy limit toward a $13 million verdict against a Washington state doctor in a botched cosmetic surgery case, a federal judge has ruled.
Wind Farm Pile-Maker Reaches $12.6M Truce With Landlord
Wind farm pile-maker EEW American Offshore Structures Inc. asked a New Jersey bankruptcy judge to approve a nearly $13 million settlement the debtor struck with a landlord, saying the deal clears up litigation... (more story)
Window Co. Hits Ch. 11 With $10M Debt, $875K Union Claim
Pennsylvania window company Graboyes LLC has filed a Chapter 11 petition citing more than $10 million in liabilities, including $2.1 million in disputed loans and an $876,000 "note payable" to the Internationa... (more story)