To access this content, a subscription to Bankruptcy Authority is required.
Saks Sheds Dark Store Leases To Save Cash, Shrink Footprint
When the parent company of luxury department store chain Saks Fifth Avenue filed for bankruptcy protection Wednesday, it also moved immediately to reject 26 leases for stores that have already closed, setting the debtor on a path to a smaller footprint, freeing up cash and potentially heading off a protracted showdown with the affected landlords, experts told Law360.
Family Trust Share Buyout Spurred Prison Phone Co.'s Ch. 11
A bid by a holding company for Smart Communications to scoop up a family trust's ownership interest resulted in a court-ordered payment of approximately $42 million and led the prison phone company to seek Chapter 11 protection.
Bankruptcy Bill Brings Long-Awaited Ch. 7 Trustee Fee Boost
A bill that passed both chambers of Congress would permanently increase Chapter 7 trustees' fixed per-case fees for the first time since 1994, a much-anticipated and needed change, bankruptcy experts told Law360.
Saks Sheds Dark Store Leases To Save Cash, Shrink Footprint
When the parent company of luxury department store chain Saks Fifth Avenue filed for bankruptcy protection Wednesday, it also moved immediately to reject 26 leases for stores that have already closed, setting the debtor on a path to a smaller footprint, freeing up cash and potentially heading off a protracted showdown with the affected landlords, experts told Law360.
Family Trust Share Buyout Spurred Prison Phone Co.'s Ch. 11
A bid by a holding company for Smart Communications to scoop up a family trust's ownership interest resulted in a court-ordered payment of approximately $42 million and led the prison phone company to seek Chapter 11 protection.
Bankruptcy Bill Brings Long-Awaited Ch. 7 Trustee Fee Boost
A bill that passed both chambers of Congress would permanently increase Chapter 7 trustees' fixed per-case fees for the first time since 1994, a much-anticipated and needed change, bankruptcy experts told Law360.
Expert Analysis
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evide... (more story)
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate propos... (more story)
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and... (more story)
Large Cap More
A Delaware bankruptcy judge said Wednesday he would issue an oral ruling "in very short order" on telecommunications group Ligado Networks LLC's bid to stop litigation launched by Viasat unit Inmarsat Global L... (more story)
Sports gear and golf design company GBI Services received final approval for a $17 million Chapter 11 loan Wednesday in Delaware, with a judge there ruling the debtor can grant a lien in favor of the postpetit... (more story)
Attorneys for former crypto lender Genesis Global told a New York bankruptcy judge Wednesday that they're hoping for a quick resolution on pending lawsuits as they push to keep making digital asset distributions to creditors.
While a 100th anniversary is always cause for celebration, Cole Schotz PC reaching the milestone resonates especially strongly for a midsize firm succeeding at a time when a number of its peers have consolidat... (more story)
The former top lawyer and another former in-house counsel at imploded cryptocurrency exchange FTX have joined Morrison Foerster LLP as partners in its financial services and fintech industry groups, the firm a... (more story)
The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection Wednesday in a Texas bankruptcy court with $3.4 billion in funded debt, buckling under the strain of debt i... (more story)
A Texas bankruptcy judge said Tuesday he will hold a hearing in early February to determine if auto parts maker First Brands can tap into millions of dollars in cash entangled in its pre-Chapter 11 financing arrangements.
A trust representing creditors of Sunnova Energy has urged a Texas bankruptcy court to deny Alvarez & Marsal North America's request for a $4 million "completion fee" in Sunnova's Chapter 11, contending that i... (more story)
Johnson & Johnson's talc unit told a New Jersey appeals panel on Tuesday that a lower court's ruling permitting Beasley Allen Law Firm attorneys to represent plaintiffs in multicounty litigation over its talc-... (more story)
Midsize firm Flaster Greenberg has recently expanded its board of directors with the addition of three attorneys based out of the firm's offices in the Philadelphia region.
Mid Cap More
A Delaware bankruptcy judge Wednesday approved Norcold LLC's disclosure statement for distribution to creditors for a vote, after the official committee of unsecured creditors said it was satisfied with change... (more story)
A debtor compromise with unsecured creditors cleared the way Wednesday for approval of sports retailer Mountain Sports LLC's Chapter 11 disclosure statement, after the resolution of concerns from a separate cr... (more story)
A Delaware bankruptcy judge granted the wish of the California Attorney General's Office that a trustee be installed to oversee the Chapter 11 case of fundraising tech company Flipcause, after the debtor voiced assent.
A federal bankruptcy judge had pressing questions Wednesday about how many times the firm Calaiaro Valencik missed noticing that one of its attorneys had once represented a $32 million creditor for their clien... (more story)
A Delaware bankruptcy judge Tuesday rejected a bid by two bankrupt entities tied to the former Hudson Hotel to retain DLA Piper LLP as special counsel in their Chapter 11 case, saying the law firm's work for t... (more story)
A Delaware bankruptcy judge on Tuesday granted final approval of mortgage servicer AmeriFirst Financial Inc.'s Chapter 11 plan and disclosure statement, overruling objections from the Office of the U.S. Truste... (more story)
The mortgage lender to a bankrupt Manhattan loft owner is asking a New York bankruptcy judge to block the debtor from spending its cash collateral, saying the landlord is overpaying employees and diverting funds.
A title insurance company's successful effort to dissolve a previously missed $1.6 million attachment on a piece of property was all that was required to absolve it of liability to a second mortgage lender aft... (more story)
A bipartisan bill doubling the fixed per-case fees for Chapter 7 trustees is headed to President Donald Trump for a signature, after the U.S. House of Representatives passed it Monday night.
The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of mani... (more story)