Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.
A rapid expansion that ate into profits and online backlash that undercut sales was the recipe that led Kentucky-based cookie bakery Please & Thank You to file for Chapter 11, where it hopes to address its debt and either tempt new investors or sell the business.
Texas hospital operator Sherman/Grayson and embattled auto parts maker First Brands are facing bids to dismiss or convert their Chapter 11 cases, while e-commerce brand QVC group is seeking approval for its Chapter 11 plan and Clearside Biomedical wants clearance to sell its assets.
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Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.
A rapid expansion that ate into profits and online backlash that undercut sales was the recipe that led Kentucky-based cookie bakery Please & Thank You to file for Chapter 11, where it hopes to address its debt and either tempt new investors or sell the business.
Texas hospital operator Sherman/Grayson and embattled auto parts maker First Brands are facing bids to dismiss or convert their Chapter 11 cases, while e-commerce brand QVC group is seeking approval for its Chapter 11 plan and Clearside Biomedical wants clearance to sell its assets.
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June 10, 2026
Bankrupt rent-to-own company FlexShopper Inc. told a Delaware judge Wednesday that mediation would be the best option to address disputes over the distribution of its remaining assets under a Chapter 11 plan.
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June 10, 2026
The 2-year-old bankruptcy case of the historic former New York County Lawyers Association Building in lower Manhattan can move toward a July 7 final confirmation hearing, a federal bankruptcy judge has ruled.
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June 10, 2026
The Trump administration is urging a D.C. federal judge to toss a lawsuit seeking to revive the Biden-era SAVE student loan repayment rule, arguing that the case is moot because there is no rule left to enforce after the Eighth Circuit ordered the plan vacated in March.
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June 10, 2026
A Texas bankruptcy judge on Wednesday recognized marine oil rig service group DEMAR Instaladora's Mexican bankruptcy case, extending Chapter 15 protections to freeze two pending U.S. lawsuits.
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June 09, 2026
Defunct Canadian miner Crystallex on Friday urged the Third Circuit to order Venezuela's counsel to prove its authority as the country challenges an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of its debt, pointing to the new administration of Delcy Rodriguez. PC: Elliott Affiliate Urges 3rd Circ. To Keep Citgo Sale On Track.
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June 09, 2026
The Third Circuit on Tuesday revived part of a pro se debtor's long-running bankruptcy fight against Philadelphia holding the city must face civil contempt sanctions for collecting on a lien after his debt was discharged, saying it "violated" one of the "historic cornerstones" of bankruptcy, which is a discharge's finality.
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June 09, 2026
Federal Deposit Insurance Corp. Chairman Travis Hill said Tuesday that his agency will seek to dial back its living-will requirements for large banks and recalibrate how it charges for deposit insurance, part of a broader push to rethink the agency's approach to handling bank failures.
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June 09, 2026
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.
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June 09, 2026
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 million Ponzi scheme.
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June 09, 2026
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.
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June 09, 2026
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.
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June 09, 2026
The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.
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June 08, 2026
A Florida businessman who claims that he owns the Miss America pageant and his attorney were ordered Monday to pay $2.2 million in sanctions for submitting fraudulent documents in a $500 million dispute over ownership of the pageant and using them to put the company into bankruptcy.
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June 08, 2026
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 a 2023 data breach violates the terms of the company's confirmed plan.
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June 08, 2026
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 the north side of the city, alleging that the developer owes nearly $380,000 in damages.
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June 08, 2026
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 suit claiming the company used artificial intelligence to challenge his grievance about a charter provision.
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June 08, 2026
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.
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June 08, 2026
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 that contributed to the need to undergo a Chapter 11 case.
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June 08, 2026
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 International Union of Painters and Allied Trades District Council 21.
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June 08, 2026
Latham & Watkins LLP announced Monday that it has fortified its litigation presence in Texas and nationally with an Austin, Texas-based partner who arrived from Kirkland & Ellis LLP.
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June 08, 2026
The U.S. Supreme Court will not consider an appeal related to an early Texas two-step case, a New Jersey bankruptcy judge declined a Del Monte lender group's request for a plan confirmation stay, and a law to standardize assignment for the benefit of creditors proceedings is gaining traction. This is the week in bankruptcy.
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June 08, 2026
Simply Interior Homes, which makes home textiles and decor, filed for Chapter 11 protection Monday in Delaware bankruptcy court with at least $100 million in debt and a plan to sell its business.
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June 05, 2026
Texas' bankrupt former hospital owner Sherman/Grayson Hospital LLC said that professional fees have been paid, monthly operating reports filed and other steps taken that should prevent its Chapter 11 case from being converted to a Chapter 7 liquidation.
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June 05, 2026
The U.S. Trustee's Office has objected to rent-to-own company FlexShopper's Chapter 11 plan in Delaware bankruptcy court, arguing that the debtor's proposal contains third-party releases that violate a 2024 U.S. Supreme Court ruling.
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June 05, 2026
The former parent company of the now-bankrupt Santa Barbara News-Press, the newspaper's former owner, and related entities must pay $3.6 million in back pay in a long-standing labor dispute with the Teamsters after failing to file an answer to a board compliance order, the National Labor Relations Board ruled.