To access this content, a subscription to Bankruptcy Authority is required.

Maverick Bet On Casino Turnarounds But Hit Ch. 11 Instead
Maverick Gaming LLC, a company that aimed to turn around struggling casinos and gambling operations, itself fell on hard times due to COVID-19 and competitive pressures, court documents show.

Bad Demand Forecast Led Debt-Laden Del Monte To. Ch. 11
Canned food giant Del Monte's Chapter 11 filing was triggered by a critical misjudgment of consumers' preferences as the COVID-19 pandemic waned, while spiking interest rates toppled a balance sheet that had been overleveraged for years, experts told Law360.

Meet The Retired Michigan Federal Judge Joining JAMS
Sean F. Cox, the retired chief judge of the U.S. District Court for the Eastern District of Michigan who was part of the mediation team in Detroit's municipal bankruptcy, has joined alternative dispute resolution services provider JAMS.
Large Cap More
A split Third Circuit on Wednesday upheld a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to ... (more story)
A New York bankruptcy judge shot down challenges to attempts by the Chapter 11 plan administrator for Celsius Networks to claw back transfers, saying a settlement provision didn't prevent the administrator fro... (more story)
Tristan Axelrod of Brown Rudnick LLP steered bankrupt cryptocurrency platform BlockFi through an $874 million settlement with FTX and a Chapter 11 reorganization that paid creditors in full, earning him a spot... (more story)
Defunct trucking company Yellow Corp. has asked a Delaware bankruptcy judge to approve the disclosure statement for a new Chapter 11 plan that calls for the debtor's assets to be transferred to a liquidating t... (more story)
Jackson Walker LLP has reached another settlement with former bankruptcy clients to resolve fee disputes related to the concealed romance of a former partner with the firm and former Texas bankruptcy Judge Dav... (more story)
The U.S. Department of Justice said Tuesday that enforcers have agreed to drop their case challenging American Express Global Business Travel Inc.'s planned $570 million purchase of corporate travel management... (more story)
A Michigan federal judge on Monday ordered plaintiffs' attorneys in two cases against a robotics company to pay for the time opposing counsel took in filing an additional briefing because of false case quotations.
A New Jersey federal judge overseeing long-running multidistrict federal litigation against Johnson & Johnson over its talcum powder products has appointed Christopher A. Seeger of Seeger Weiss LLP to lead a n... (more story)
David J. Cohen of Weil Gotshal & Manges LLP has represented Steward Health Care in its sprawling Chapter 11 bankruptcy involving 31 hospitals across eight states, and he was selected to lead the firm's growing... (more story)
A New York bankruptcy judge said Tuesday he was prepared to approve the Roman Catholic Diocese of Rochester's $246.4 million settlement of abuse claims in Chapter 11 after survivors voted unanimously to accept the deal.
Mid Cap More
The Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enoug... (more story)
Bankrupt cryptocurrency miner Rhodium told a Texas federal bankruptcy judge that a company that creates large scale cooling systems cannot bring patent infringement claims, saying Wednesday the company's claim... (more story)
Attorneys representing lessor Cobalt PropCo 2020 LLC told a Delaware bankruptcy judge Wednesday the Chapter 11 case of Bedmar LLC should be tossed because Third Circuit case law clearly requires a debtor to be... (more story)
Bankruptcy courts are authorized to decide the amount and legality of nondischargeable tax claims, an Indiana couple told the U.S. Supreme Court in a bid to overturn a Seventh Circuit ruling to the contrary.
A Delaware bankruptcy judge has handed a breach of contract lawsuit back to a California state court, saying he lost jurisdiction over the claims against a specialty mushroom distributor after its Chapter 11 p... (more story)
A Delaware bankruptcy judge approved biotechnology developer Omega Therapeutics' Chapter 11 plan Wednesday, after no objections to the company's plan to distribute its remaining assets were raised at a brief hearing.
The Eighth Circuit on Tuesday rejected a woman's bid to undo an order approving a sale in her Chapter 7 bankruptcy, saying she didn't get a stay of the sale and so her appeal had to be dismissed.
A Delaware bankruptcy judge ruled Tuesday the insolvent parent of Silvergate Bank did not agree in 2023 to sell a loan to a bitcoin-focused financial firm, denying that company's $89 million breach of contract... (more story)
The litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing... (more story)
An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge Tuesday it would participate in a one-day mediation session its investors proposed as a final ef... (more story)