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Ch. 15 Decision Shows Low Bar For US Recognition
A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.
Meet The Attys Guiding The Fresno Diocese Ch. 11 Case
The Catholic Diocese of Fresno, California, has hired attorneys from McCormick Barstow Sheppard Waite & Carruth LLP to oversee the Chapter 11 case it began with plans to sell off its assets and establish a trust to compensate sex abuse claimants.
Meet The Attorneys Guiding Pet Care Co. Wag! In Ch. 11
A team of lawyers from Young Conaway Stargatt & Taylor LLP is leading Wag! Group through Chapter 11 as the debtor looks to hand control of the company to its primary lender under a prearranged restructuring plan.
Ch. 15 Decision Shows Low Bar For US Recognition
A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.
Meet The Attys Guiding The Fresno Diocese Ch. 11 Case
The Catholic Diocese of Fresno, California, has hired attorneys from McCormick Barstow Sheppard Waite & Carruth LLP to oversee the Chapter 11 case it began with plans to sell off its assets and establish a trust to compensate sex abuse claimants.
Meet The Attorneys Guiding Pet Care Co. Wag! In Ch. 11
A team of lawyers from Young Conaway Stargatt & Taylor LLP is leading Wag! Group through Chapter 11 as the debtor looks to hand control of the company to its primary lender under a prearranged restructuring plan.
Expert Analysis
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to o... (more story)
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After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section... (more story)
Large Cap More
Bankrupt healthcare company Prospect Medical Holdings Inc. told a Texas bankruptcy judge it had selected a subsidiary of Healthcare Systems of America to provide a bidding floor for debtor assets in California.
A New Jersey federal judge has rejected Johnson & Johnson's challenge to cancer patients' bid to add additional corporate defendants to multidistrict federal litigation over its talcum powder products, finding... (more story)
Moritt Hock & Hamroff LLP, a midsize firm with offices in New York and Florida, announced Tuesday that it has added two counsel to its Long Island office in Garden City — the former town attorney for the seasi... (more story)
Liquidating retailer Big Lots told a Delaware bankruptcy judge that it has reached a deal with Gordon Brothers Retail Partners after the consulting firm said it was owed the first $10 million from the $36 mill... (more story)
The parent company of jewelry chain Claire's filed for Chapter 11 protection Wednesday for the second time in seven years with $690 million in funded debt and plans to close 700 stores.
A Texas bankruptcy judge Tuesday kept the Chapter 11 bankruptcy of investment platform Linqto in the Lone Star State, finding shareholders who alleged forum shopping had not made the case to move the bankruptcy to Delaware.
Voyager Digital's former bank, Metropolitan Commercial Bank, has won dismissal of a 53-count suit alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repayi... (more story)
The Financial Oversight and Management Board for Puerto Rico, a body managing the island's debt restructuring, announced Tuesday that President Donald Trump has terminated five of its seven members.
The former parent company of Silicon Valley Bank and liquidators tasked with winding up its Cayman Islands branch locked horns on Tuesday over standing in a $294 million lawsuit, prompting a New York bankruptc... (more story)
About 300 clawback lawsuits filed by the liquidators of British Virgin Islands-based funds that invested in Bernard L. Madoff Investment Securities should be dismissed, a Second Circuit panel said on Tuesday, ... (more story)
Mid Cap More
A New Jersey bankruptcy judge Wednesday approved the $54 million sale of Powin LLC's assets after the green energy storage battery maker spent most of the day negotiating objections raised by its customers.
Bankrupt mortgage service provider AmeriFirst Financial Inc. proposed a global settlement of disputes in its Chapter 11 case that will break a months-long roadblock to resolution of its bankruptcy proceedings.
A New Orleans federal judge approved a joint motion to transfer a legal malpractice case involving a Louisiana-based doctor and Porzio Bromberg & Newman PC to New Jersey federal court.
A Delaware bankruptcy judge agreed Wednesday to consider medical technology company UpHealth's bids for confirmation of its Chapter 11 plan and to throw out an adversary proceeding launched by Indian company G... (more story)
Nursing home operator Legacy North Royalton Operating Company LLC has filed for Chapter 7 liquidation in Ohio bankruptcy court, citing both assets and liabilities of between $1 million and $10 million.
The debtors of a $300 million real estate development in Florida on Tuesday floated a proposal to appoint a chief restructuring officer and a debtor-in-possession loan from an insurance heiress after creditors... (more story)
The owner of New York City's Brooklyn Mirage music venue received bankruptcy court approval Tuesday for $10 million in Chapter 11 financing to fund its case with a goal of closing on a sale of assets by early November.
A Delaware bankruptcy judge on Tuesday granted final approval for California-based gene-editing technology supplier Synthego Corp.'s liquidation plan, which transfers control of the company to its secured lend... (more story)
A steel product company's claims that a bankrupt former customer, for which it was also serving as a creditor, fraudulently transferred away millions that could have covered its debts must go to trial, a Delaw... (more story)
Several insurance carriers have asked a California bankruptcy judge to deny a request by the Santa Rosa Catholic Diocese and its unsecured creditors' committee to lift a Chapter 11 stay on litigation so that s... (more story)