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Meet The Attorneys Guiding Calif. Cheesemaker's Ch. 11
A team of lawyers from McCormick Barstow Sheppard Wayte & Carruth LLP and Quarles & Brady LLP is leading the bankruptcy case of California-based cheesemaker Rizo-Lopez Food Inc., as the company is seeking to restructure debt stemming from a recall of contaminated cheese.
Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved
A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.
What's Happening In Bankruptcy Court This Coming Week
Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.
Meet The Attorneys Guiding Calif. Cheesemaker's Ch. 11
A team of lawyers from McCormick Barstow Sheppard Wayte & Carruth LLP and Quarles & Brady LLP is leading the bankruptcy case of California-based cheesemaker Rizo-Lopez Food Inc., as the company is seeking to restructure debt stemming from a recall of contaminated cheese.
Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved
A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.
What's Happening In Bankruptcy Court This Coming Week
Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.
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Large Cap More
A Delaware bankruptcy judge Monday said he was prepared to accept a revised proposed Chapter 11 plan for cosmetics giant Avon with a few more changes, largely rejecting new wording proposed by objecting insurers.
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Disgraced attorney Tom Girardi will have to wait in prison while he appeals his wire fraud conviction for stealing from his own clients, a California federal judge has ruled.
Omnicare LLC, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, filed for Chapter 11 bankruptcy relief Monday in Texas following a $949 million judgment against Omnicare an... (more story)
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A California bankruptcy judge gave Rizo-Lopez Foods initial permission Friday to draw on Chapter 11 financing provided by brothers who own the business, allowing its cheesemaking operations to continue as the ... (more story)
Mid Cap More
A California entity tied to a solar energy services company has filed for Chapter 11 protection in San Diego bankruptcy court, listing between $10 million and $50 million in both assets and liabilities.
A data center cooling technology firm urged a Texas bankruptcy judge to reject bitcoin miner Rhodium's more than $6 million sanctions request, saying litigation underlying its $12 million proof of claim in Rho... (more story)
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Shipping company Eletson Holdings Inc. told a New York federal court that an appeal regarding its access to emails must be shut down, because the entity that initiated the appeal doesn't exist.
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A party planning to make a bid for the assets of bankrupt casino operator Maverick Gaming has objected to the debtor's bidding procedures, saying it has not provided necessary due diligence material to the pro... (more story)