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Meet The Attorneys Guiding Calif. Cheesemaker's Ch. 11
A team of lawyers from McCormick Barstow Sheppard Wayte & Carruth LLP and Quarles & Brady LLP is leading the bankruptcy case of California-based cheesemaker Rizo-Lopez Food Inc., as the company is seeking to restructure debt stemming from a recall of contaminated cheese.
Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved
A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.
What's Happening In Bankruptcy Court This Coming Week
Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.
Meet The Attorneys Guiding Calif. Cheesemaker's Ch. 11
A team of lawyers from McCormick Barstow Sheppard Wayte & Carruth LLP and Quarles & Brady LLP is leading the bankruptcy case of California-based cheesemaker Rizo-Lopez Food Inc., as the company is seeking to restructure debt stemming from a recall of contaminated cheese.
Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved
A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.
What's Happening In Bankruptcy Court This Coming Week
Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.
Expert Analysis
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Large Cap More
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Bankrupt budget air carrier Spirit Airlines will furlough one-third of its flight attendants in the coming months as it aims to cut costs in its bankruptcy, Spirit confirmed Monday.
A Delaware bankruptcy judge Monday agreed to approve telecommunications group Ligado Networks' debt-for-equity swap Chapter 11 plan, overruling the U.S. Trustee's objection over the plan potentially not taking... (more story)
A Delaware bankruptcy judge Monday said he was prepared to accept a revised proposed Chapter 11 plan for cosmetics giant Avon with a few more changes, largely rejecting new wording proposed by objecting insurers.
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Mid Cap More
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A Delaware bankruptcy judge on Monday agreed to allow insolvent luxury tile supplier Mosaic Cos. to send its Chapter 11 plan out for a creditor vote, clearing another hurdle on its path to a lender settlement and liquidation.
A California entity tied to a solar energy services company has filed for Chapter 11 protection in San Diego bankruptcy court, listing between $10 million and $50 million in both assets and liabilities.
A data center cooling technology firm urged a Texas bankruptcy judge to reject bitcoin miner Rhodium's more than $6 million sanctions request, saying litigation underlying its $12 million proof of claim in Rho... (more story)
Biotechnology company ProPhase Labs Inc. put three of its COVID-19 laboratory testing subsidiaries in Chapter 11 bankruptcy Monday in New Jersey with combined liabilities of more than $13 million, saying it ha... (more story)
A Washington federal judge will continue to pause the U.S. government's claims against two defendants in an environmental cleanup case following a 2021 incident in which a derelict fishing vessel ran aground w... (more story)
A Michigan bankruptcy judge has hit Recovery Law Group, a national consumer bankruptcy law firm, with a fine of about $392,000 and a three-year ban on bringing insolvency cases in the Eastern District of Michi... (more story)
Shipping company Eletson Holdings Inc. told a New York federal court that an appeal regarding its access to emails must be shut down, because the entity that initiated the appeal doesn't exist.
A Texas bankruptcy judge has signed off on a series of settlements worth $2.6 million to resolve claims brought by bankrupt MMA Law that other law firms and parties were holding back money it was owed for repr... (more story)
Polsinelli PC has expanded its bankruptcy team in New York with the addition of an attorney from ArentFox Schiff LLP.