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March 31, 2026
The U.S. Trustee said Tuesday that the contested Chapter 11 case of defunct telecommunications company FTE Networks Inc. should be thrown out because the debtor failed to file basic required documentation and still hasn't paid some statutory fees, among other alleged shortcomings.
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March 31, 2026
A California bankruptcy judge on Tuesday blessed a fee-sharing deal between the Roman Catholic Diocese of Fresno and the state's other Catholic organizations, saying it could pay a firm representing all of them in a state court appellate case.
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March 31, 2026
The owner of a now-defunct metal fabrication and construction company will have to shell out $2.5 million in damages in a case seeking unpaid wages, a Colorado federal judge has ruled, agreeing with a magistrate judge's recommendation to enter default judgment but disagreeing that theft damages were not necessary.
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March 31, 2026
The foreign representative for Cannabist Company Holdings Inc., a purveyor of cannabis products, has hired attorneys from Richards Layton & Finger PA and Weil Gotshal & Manges LLP to help the debtor obtain U.S. recognition of its Canadian insolvency while it works to sell or shutter its operations.
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March 31, 2026
Sports retailer Mountain Sports LLC received confirmation Tuesday from a Delaware bankruptcy judge of its Chapter 11 liquidation plan after unsecured creditors backed the plan.
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March 31, 2026
A Denmark-based biotechnology firm filed for Chapter 7 liquidation Tuesday in Delaware with more than $10 million in debt after its prospective cancer vaccine failed to measure up under testing and win regulatory approval last year.
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March 30, 2026
A century-old nonprofit organization, community center and event venue in a city just north of Detroit is seeking Chapter 11 Subchapter V relief, after its home city sued the group to stop a sale of its property as it faced declining revenues and increased expenses.
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March 30, 2026
Lowenstein Sandler LLP announced Monday that it has opened an office in Delaware by bringing on the former leader of Polsinelli PC's bankruptcy and restructuring practice.
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March 30, 2026
The New Jersey Supreme Court has imposed a three-year suspension on an attorney who had a Colorado law practice as a reciprocal discipline for ethics violations related to her conduct representing a client in Colorado legal matters, including having practiced law while suspended.
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March 30, 2026
The U.S. Supreme Court reviewed a ruling that precluded a Chapter 13 debtor from suing a Mississippi company. The Roman Catholic diocese in Albany, New York, announced a $148 million settlement with survivors of childhood abuse. And members of Congress introduced a new bill aimed at curbing forum shopping.
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March 27, 2026
The Roman Catholic Diocese of Albany, New York, has agreed to pay $148 million as part of a settlement reached with a committee of sexual abuse claimants in its Chapter 11, it announced Friday.
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March 27, 2026
Bankruptcy courts this week will consider objections to the retention of Jones Day in mining company Vanderbilt Minerals' Chapter 11 case, a motion by telecommunications company Ligado to postpone a $100 million payment, and approval of an equity rights offering tied to Office Properties Income Trust's Chapter 11 plan.
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March 27, 2026
Two lawmakers have proposed new legislation in the U.S. House of Representatives to set stricter rules on which jurisdictions a company may declare bankruptcy in, saying reform is needed to curtail debtors selecting favorable venues outside their home state.
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March 27, 2026
Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.
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March 27, 2026
A Delaware bankruptcy judge approved motions Friday allowing e-commerce group Food52 to send its Chapter 11 liquidation plan out for a creditor vote, overruling an objection by the U.S. Trustee's Office to the use of opt-out boxes for third-party releases.
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March 27, 2026
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."
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March 27, 2026
Two former Kirkland & Ellis LLP restructuring attorneys have joined Simpson Thacher & Bartlett LLP as partners in the capital structure solutions practice.
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March 26, 2026
Three U.S. senators are backing the asbestos claimants of Bestwall in their bid to take their challenge of the Georgia-Pacific spinoff's so-called Texas two-step bankruptcy to the U.S. Supreme Court, saying the high court must close a loophole the Fourth Circuit has created that allows nonbankrupt corporations to avoid tort liability.
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March 26, 2026
An Indian pharmaceutical company is accusing bankrupt New Jersey generic-drug developer InvaTech Pharma Solutions of pocketing hundreds of thousands of dollars of payments due to the Indian company that it received by mistake.
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March 26, 2026
Investment firm Jump Trading and its co-founder moved for dismissal of a lawsuit from the administrator for bankrupt cryptocurrency company Terraform Labs. A New Mexico industrial building owner is appealing a New York bankruptcy judge's approval of a disclosure statement from a secured creditor. And the new owner of fundraising technology company Flipcause sought to reassure nonprofits that it would run the platform differently than its previous operator.
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March 26, 2026
The U.S. Trustee's Office and a group of creditors have urged a New York bankruptcy judge to reject mining company Vanderbilt Minerals' bid to retain Jones Day as counsel, arguing the law firm is conflicted because it represented the debtor's parent company prior to Vanderbilt's Chapter 11 case.
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March 26, 2026
Cryptocurrency firm BlockFills secured a Delaware bankruptcy judge's permission Thursday to temporarily block a lawsuit from creditors alleging the company and three current and former executives failed to properly manage customer assets.
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March 26, 2026
Bonds Ellis Eppich Schafer Jones LLP has added a former Michael Best & Friedrich LLP attorney with deep experience in bankruptcy, restructuring and complex civil litigation as a partner in Fort Worth.
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March 26, 2026
A Delaware bankruptcy judge on Thursday stayed actions against the U.S. subsidiaries of Cannabist Company Holdings as the bankrupt Canadian company moves to sell its assets or wind them down.
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March 25, 2026
Investors in bankrupt electric vehicle company Arrival have gotten final approval for their nearly $13.3 million deal ending claims the company touted a purportedly profitable business plan as it went public via merger with a special purpose acquisition company only to scale back its projections within a year of the merger announcement.