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April 24, 2026
Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.
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April 24, 2026
JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.
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April 24, 2026
A New York bankruptcy judge will consider whether the state's attorney general should be a creditor in a Roman Catholic diocese's Chapter 11, Purdue Pharma will receive its criminal sentence, and Saks Global Enterprises LLC will seek court approval of a plan disclosure statement.
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April 24, 2026
Fox Rothschild LLP gained a former longtime Riker Danzig LLP partner in its financial restructuring and bankruptcy department with experience in complex restructurings, corporate trust matters and more, the firm announced this week.
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April 24, 2026
Freedom Forever received a Delaware bankruptcy court's approval Friday for a deal with a project financer that will free up $1.5 million for the Chapter 11 estate, allowing the bankrupt solar company to get dozens of workers back on the job to complete home solar projects and get revenue flowing back to the business.
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April 24, 2026
Saks Global Enterprises LLC has reached an agreement in principle on a global settlement that would resolve the concerns of its creditors committee and provide the luxury retailer with a path toward confirmation of a Chapter 11 plan.
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April 24, 2026
Kirkland & Ellis LLP announced this week that it has hired the head of Wachtell Lipton Rosen & Katz's finance and restructuring practices, calling him a "leader in the field of liability management."
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April 23, 2026
Insurer MBIA Inc. asked a Connecticut federal judge to end a lawsuit tied to Puerto Rico's bankruptcy, the U.S. Trustee's Office opposed Inspired Healthcare's bid for mediation, and a New York federal judge nixed a New Mexico building owner's appeal of a decision in favor of a creditor's plan disclosure.
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April 23, 2026
Bankrupt auto parts maker First Brands Group asked a Texas court to extend the window during which it has the exclusive right to file a Chapter 11 plan, saying it spent months in mediation negotiating a settlement with creditors that will soon be incorporated into plan documents.
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April 23, 2026
Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday bankruptcy hearing in New York.
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April 23, 2026
Lowenstein Sandler LLP recently launched a Delaware office by bringing on Christopher A. Ward, who previously co-chaired Polsinelli’s bankruptcy practice, to lead and expand the office. Here, he tells Law360 Pulse about his goals and priorities moving forward and how the firm plans to stake its place in Delaware’s legal market.
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April 23, 2026
The court-ordered process of getting tariff refunds into the pockets of American companies began this week, but the unprecedented situation has left restructuring professionals reeling with unanswered questions about whether the refunds can be treated as an asset, especially in a bankruptcy context.
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April 22, 2026
A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents misstating his time as head of what prosecutors say was a shell company used to pull off a $100 million fraud.
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April 22, 2026
Imprisoned FTX founder Sam Bankman-Fried has told a New York federal judge that, although his attorney parents made suggestions regarding his motion for a new trial, he wrote the brief himself, but now wants to withdraw the request, because he doesn't "believe I will get a fair hearing on this topic in front of you."
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April 22, 2026
A New York bankruptcy judge on Wednesday allowed the joint liquidators of Prince Global Holdings, the debtor at the center of a massive alleged Cambodian fraud and human trafficking ring, to begin gathering information in the United States as they seek to uncover hidden assets and unravel the tangle of entities involved.
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April 22, 2026
Investors in Argentina's largest oil and gas exploration company confirmed to a New York federal judge Tuesday that they will pursue arbitration in their $16 billion fight with the country, and are now seeking permission to use discovery obtained in the case in the parallel claim.
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April 22, 2026
Radio giant Cumulus Media has told the Second Circuit that Nielsen helped contribute to the broadcaster's bankruptcy earlier this year by tying sales of its national radio ratings data to sales of its local offerings, calling the practice unlawful and saying it should be stopped.
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April 22, 2026
A Texas bankruptcy judge said Wednesday he would sign off on the Chapter 11 plan outlined by Office Properties Income Trust, a real estate investment trust that owns and leases out office space nationwide, overruling objections to analyses backing the proposal.
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April 22, 2026
Womble Bond Dickinson has hired a former White & Case LLP partner who specializes in real estate financing and private capital market deals for a partner role in its New York City office, the firm recently announced.
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April 22, 2026
Just 14 months after Spirit Airlines received a New York bankruptcy judge's approval for a debt-equity swap Chapter 11 plan in an earlier case, the budget airline is heading to court again Thursday to defend its disclosure statement for a new plan and move toward a second reorganization.
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April 22, 2026
North American farming enterprise Monette Farms Ltd. filed for Chapter 15 recognition of its Canadian restructuring as it seeks urgent liquidity to seed crops for the growing season.
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April 21, 2026
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
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April 21, 2026
Members of Congress have reintroduced bipartisan legislation meant to deter so-called Texas two-step Chapter 11s, a controversial maneuver companies have used to address mass tort liabilities in bankruptcy.
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April 21, 2026
Wilmington Trust, a subsidiary of M&T Bank that served as custodian to subprime auto lender Tricolor Holdings trusts, has defended its bid to transfer a suit accusing it of failing to help prevent Tricolor's collapse last year, saying the action should be moved from a New York federal court to Texas bankruptcy court.
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April 21, 2026
A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.