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Bankruptcy Judge Defends Simultaneous Case Mediator Role
U.S. Bankruptcy Judge Michael B. Kaplan told Law360 Thursday he was "surprised" by skepticism over his decision to serve as mediator in a Chapter 11 case he is also presiding over, an arrangement some experts said was rare and potentially concerning.
Under The Radar: Bankruptcy News You May Have Missed
A sand miner claims its landlord seized vital computers, a magnesium miner got court approval for a deal to sell collateral, a satellite company says it's switching claims agents after its old one was sold, and a drug company in the middle of a payment dispute asked for a way out.
Meet The Attys For The Ad Hoc Lender Group In Lycra Ch. 11
A team of attorneys from Porter Hedges LLP and Gibson Dunn & Crutcher LLP is representing an ad hoc lender group with a total claim of about $790 million in the Chapter 11 bankruptcy of spandex manufacturer The Lycra Co. LLC.
Bankruptcy Judge Defends Simultaneous Case Mediator Role
U.S. Bankruptcy Judge Michael B. Kaplan told Law360 Thursday he was "surprised" by skepticism over his decision to serve as mediator in a Chapter 11 case he is also presiding over, an arrangement some experts said was rare and potentially concerning.
Under The Radar: Bankruptcy News You May Have Missed
A sand miner claims its landlord seized vital computers, a magnesium miner got court approval for a deal to sell collateral, a satellite company says it's switching claims agents after its old one was sold, and a drug company in the middle of a payment dispute asked for a way out.
Meet The Attys For The Ad Hoc Lender Group In Lycra Ch. 11
A team of attorneys from Porter Hedges LLP and Gibson Dunn & Crutcher LLP is representing an ad hoc lender group with a total claim of about $790 million in the Chapter 11 bankruptcy of spandex manufacturer The Lycra Co. LLC.
Expert Analysis
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Large Cap More
California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter shou... (more story)
American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were di... (more story)
Bank of America and others have sued troubled auto parts maker First Brands Group and lender Aequum Capital in Texas bankruptcy court, seeking a judgment that the plaintiffs hold liens on inventory that outran... (more story)
A New Jersey bankruptcy judge said Thursday he would decide whether to certify a Del Monte settlement for direct appeal to the Third Circuit based on papers already filed in the case, after the canned food com... (more story)
Saks has gotten a commitment from its senior secured bondholders to provide $500 million in exit financing and intends to file a Chapter 11 plan in the coming weeks, the bankrupt retailer announced Thursday.
FBT Gibbons LLP announced Thursday that it has added the former national leader of Womble Bond Dickinson's bankruptcy, restructuring and creditors' rights team to its Delaware office.
The litigation trustee for defunct financial services firm GWG Holdings has sued Ankura Consulting Group in Texas bankruptcy court, accusing it of "knowing (or reckless) facilitation" of a billion-dollar accou... (more story)
McCarter & English LLP announced Wednesday that it has promoted two Newark, New Jersey-based attorneys to partner, one who is in the firm's bankruptcy group and the other who handles liability, mass torts and class actions.
The Roman Catholic Diocese of Oakland, California, told a bankruptcy judge Wednesday it removed $42 million in settlements with insurance carriers from its proposed Chapter 11 plan to eliminate one source of c... (more story)
Investment management firm Fortress has acquired bankruptcy claims and noticing agent Omni, the two companies have announced.
Mid Cap More
A bankruptcy judge in Florida on Thursday blocked the founder of Bang Energy drinks from selling an island property and using proceeds to fund litigation, saying the court must determine whether the initial pu... (more story)
Pennsylvania Brewing Company Inc., which claims to be the oldest brewery in Pittsburgh, filed for Chapter 11 relief after being sued by its largest creditor.
The unsecured creditors of a Long Island nursing home operator are asking a New York bankruptcy judge to convert its Chapter 11 case into a Chapter 7 liquidation, arguing the company will run out of cash befor... (more story)
A New York bankruptcy judge has disallowed an $18 million claim asserted by Equity Funding LLC in the bankruptcy case of 1300 Desert Willow Road, a New Mexico industrial building owner, finding that it was not... (more story)
The U.S. Trustee's Office asked a New Jersey bankruptcy judge to convert drugmaker Nostrum Laboratories' Chapter 11 case to a Chapter 7 liquidation or dismiss it altogether because the debtor has not been fili... (more story)
A financial company cannot be held liable for £1.7 million ($2.3 million) in losses from failed property investments, Britain's top court ruled Wednesday, finding that it wasn't responsible for the actions of ... (more story)
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 ... (more story)
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 the... (more story)
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 magistra... (more story)
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.