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Global Clean Energy's Costly Project Delays Led It To Ch. 11
A long and unexpected delay in the construction of Global Clean Energy's renewable fuel factory in California forced the company to take on a crushing amount of debt and miss out on earnings for its plant-derived diesel, pushing the company into bankruptcy court last month with a plan to turn around the business with $250 million in new funding.
Meet The Attys Helping Chiaro Seek Ch. 15 Recognition
British women's healthtech company Chiaro Technology Ltd. is relying on three attorneys from DLA Piper LLP as it seeks recognition of its insolvency in the United Kingdom by a Delaware bankruptcy court.
Steward Health Ch. 11 Plan Deal Would Fund Insider Suits
Hospital chain Steward Health is preparing to wrap up its decade and a half in existence, saying it has reached a deal with its lenders that allowed it to file a wind-down plan with a Texas bankruptcy court that will let it pursue potential claims against former management.
Global Clean Energy's Costly Project Delays Led It To Ch. 11
A long and unexpected delay in the construction of Global Clean Energy's renewable fuel factory in California forced the company to take on a crushing amount of debt and miss out on earnings for its plant-derived diesel, pushing the company into bankruptcy court last month with a plan to turn around the business with $250 million in new funding.
Meet The Attys Helping Chiaro Seek Ch. 15 Recognition
British women's healthtech company Chiaro Technology Ltd. is relying on three attorneys from DLA Piper LLP as it seeks recognition of its insolvency in the United Kingdom by a Delaware bankruptcy court.
Steward Health Ch. 11 Plan Deal Would Fund Insider Suits
Hospital chain Steward Health is preparing to wrap up its decade and a half in existence, saying it has reached a deal with its lenders that allowed it to file a wind-down plan with a Texas bankruptcy court that will let it pursue potential claims against former management.
Expert Analysis
Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hi... (more story)
Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturban... (more story)
A Texas bankruptcy court recently rejected Johnson & Johnson's third attempt to use Chapter 11 to resolve liabilit... (more story)
Large Cap More
EY won an attempt on Friday to reveal a $9.66 billion settlement inked by a United Arab Emirates health care business and senior company officers accused of a $4 billion fraud as it defends itself against alle... (more story)
Wells Fargo has urged the U.S. Supreme Court to reject Hertz's appeal of a Third Circuit ruling that the car rental giant owes $272 million in make-whole payments and interest to noteholders following a Chapte... (more story)
A Johnson & Johnson talc unit has asked a New Jersey federal court to reinstate its libel suit over a scientific article linking talcum powder to mesothelioma, arguing that newly discovered evidence shows stat... (more story)
Mass tort attorney Truett Akin IV is being pursued in his Texas bankruptcy case by his largest creditor, an affiliate of litigation funder Virage Capital Management LP, which this week sought to force Akin to ... (more story)
Brazilian budget airline Gol Linhas announced Thursday it struck a deal in which a group of its noteholders agreed to reverse its opposition to the company's restructuring proposal and supply an additional $12... (more story)
Snack maker Hearthside Food Solutions filed an adversary complaint against the landlord of its Illinois headquarters, arguing that the landlord is reneging on a last-minute deal it reached to remain at the headquarters.
A Texas bankruptcy judge said Wednesday he will confirm prison healthcare company Wellpath's Chapter 11 plan over objections after the debtor achieved a global settlement and agreed to additional changes, sayi... (more story)
Bankruptcy Code provisions that allow creditors who make substantial contributions to be reimbursed for costs don't cover Prospect Medical's pre-Chapter 11 investment banker, a Texas bankruptcy judge said Wedn... (more story)
A group of shareholders and unsecured creditors that previously supported the effort of bankrupt trucking company Yellow Corp. to implement a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy ... (more story)
Lloyd's of London underwriters and the Roman Catholic Diocese of Rockville Centre agreed to end a dispute over the payment of defense expenses related to sexual abuse claims against the diocese, according to a... (more story)
Mid Cap More
A Pennsylvania federal judge has granted the request of a Philadelphia lawyer sentenced in 2023 to prison and supervised release for resolving cases behind the back of his former firm to be let out of probation early.
23andMe executives told a meeting of creditors Friday that more than 1.3 million customers have asked the DNA testing company to cancel their accounts and delete their genetic information since it entered Chapter 11.
The owner of a 32-unit Manhattan condominium building has filed for Chapter 11 protection in the face of a foreclosure sale, saddled with $32 million in mortgage debt.
A defunct advertising app that alleged Google's decision to boot it from the Google Play Store harmed market competition for digital advertising asked the Ninth Circuit to reinstate its claims, arguing Wednesd... (more story)
A New York bankruptcy judge on Thursday gave Publishers Clearing House permission to keep the prize checks flowing as attorneys for the sweepstakes business said they hope to close the sale of the company by the end of June.
Balkan Express, a transportation company based in Fort Worth, Texas, has launched a bankruptcy case with debt exceeding $25 million.
The legal malpractice suit in which gene sequencing company GenapSys Inc. argued Paul Hastings LLP caused GenapSys' bankruptcy appears to have been settled.
Digital River Marketing Solutions Inc., an e-commerce services firm based in Minnesota, filed for Chapter 7 on Thursday, citing approximately $45.2 million in secured debt and less than $50,000 in assets.
A group of investors in the bankrupt parent of Silvergate Bank have asked a Delaware bankruptcy judge to broaden the scope of a court-ordered probe of potential litigation claims against insiders after an exam... (more story)
A Delaware bankruptcy judge has approved a $30 million sale of some of the assets of radio frequency filter maker Akoustis Technologies to a SpaceX subsidiary after the debtor reached an agreement with a compe... (more story)