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23andMe Names New Buyer, Pa. Retirees Sue Over Ch. 9 Sale
Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas.
Meet The Attys Leading Auto Parts Maker Marelli's Ch. 11
A group of lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP is representing automotive parts manufacturer Marelli Corp., which supplies parts to Nissan, Volkswagen, BMW and Mercedes-Benz, in its bankruptcy case.
What's Happening In Bankruptcy Court This Coming Week
Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation.
23andMe Names New Buyer, Pa. Retirees Sue Over Ch. 9 Sale
Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas.
Meet The Attys Leading Auto Parts Maker Marelli's Ch. 11
A group of lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP is representing automotive parts manufacturer Marelli Corp., which supplies parts to Nissan, Volkswagen, BMW and Mercedes-Benz, in its bankruptcy case.
What's Happening In Bankruptcy Court This Coming Week
Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation.
Expert Analysis
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Large Cap More
A Virginia bankruptcy judge Tuesday approved a settlement striking LeClairRyan PLLC founder Gary LeClair from the list of owners of the defunct firm, relieving him of responsibility for a share of the firm's n... (more story)
Bankrupt trucking firm Yellow Corp. on Tuesday defeated shareholder MFN Partners' bid to convert the company's Chapter 11 case to a Chapter 7 liquidation, persuading a Delaware federal judge to give the debtor... (more story)
WeightWatchers on Tuesday secured a Delaware bankruptcy judge's blessing to exit Chapter 11 less than two months after filing the case with a leaner balance sheet and new owners, allowing the dieting company t... (more story)
A California federal judge has rejected three bids to dismiss a proposed shareholder class action against Silicon Valley Bank's brass, underwriters and auditor stemming from the bank's 2023 failure, finding th... (more story)
Bankrupt fabric retailer Joann Inc. has asked a Delaware bankruptcy judge to block an Ohio state suit filed against seven top company officials by vendors who claim they were deceived into extending credit to ... (more story)
Philadelphia-based litigation support company Angeion Group, which provides legal administration and group litigation support services, announced Monday the hiring of two new executive vice presidents for its ... (more story)
Attorneys general from 55 U.S. states and territories on Monday backed Purdue Pharma's $7.4 billion deal to settle opioid injury claims against the company and the Sackler family, almost a year after the U.S. ... (more story)
Household furnishing retail chain At Home Group Inc. filed for Chapter 11 protection Monday with just shy of $2 billion of debt, saying recent uncertainty over tariffs worsened its highly leveraged balance she... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why... (more story)
The official committee of unsecured creditors for Steward Health Care told a Texas bankruptcy judge on Friday the company's Chapter 11 case should not be converted to a liquidation, claiming the proposed restr... (more story)
Mid Cap More
A Texas bankruptcy judge determined Tuesday that Hooters of America may solicit votes on its Chapter 11 plan after the troubled casual dining chain reached an agreement with its unsecured creditors committee, ... (more story)
A BowFlex buyer is suing the brand's new owner in California federal court, alleging that a recall of defective adjustable dumbbells wrongly leaves out the vast majority of the product's buyers, covering only ... (more story)
The U.S. arm of vodka giant Stoli Group and lender Fifth Third Bank reached an agreement Monday to let the company make a $400,000 payment to keep product shipments on track, with a Texas bankruptcy judge sayi... (more story)
Secured lenders of resort construction firm SilverRock Development Corporation have objected to the debtor's proposed designation of a stalking-horse bid, telling a Delaware bankruptcy court on Monday the $60 ... (more story)
A Delaware bankruptcy judge on Monday approved the Chapter 11 debt-equity-swap reorganization of New Hampshire power plant operator Burgess BioPower.
A Texas bankruptcy judge has approved private equity investment group Aztec Fund's Chapter 11 liquidation plan, letting the debtor wind down its business after agreeing to sell three office buildings to settle... (more story)
With a winning bid of $305 million, a nonprofit controlled by 23andMe founder Anne Wojcicki beat out Regeneron Pharmaceuticals to purchase the bankrupt company's assets, 23andMe announced Friday.
Counsel for a Manhattan private school told a New York bankruptcy it is planning to convert its case into a Chapter 7 liquidation after it was unable to reach a deal with its secured lender on Chapter 11 financing.
Engineering firm ENGlobal Corp. on Friday confirmed a Chapter 11 plan to wind down following the sale of its business just over three months after it filed for bankruptcy in Texas.
A Delaware bankruptcy judge on Friday approved digital content delivery company Edgio Inc.'s Chapter 11 reorganization plan following a consensual agreement between the debtor, the unsecured creditors committe... (more story)