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A group of attorneys from Ice Miller LLP is guiding FuturHealth, a telehealth company focused on weight loss, through its Chapter 11 case as the company pursues a dual-track plan for an asset sale or reorganization.
The Children's Place, a kid-centric retailer, petitioned for Chapter 11 protection, Kansas City Chiefs player Rashee Rice launched a Chapter 7 case and AI-powered social media platform WeAre8 entered bankruptcy.
Turmoil over former Purdue Pharma LP President Richard Sackler and his wife's continued tenancy of a Connecticut mansion may be coming to a head, as a New York bankruptcy judge is set to consider a bid by trustees overseeing certain Sackler family trusts to hold the couple in contempt and force them out.
The U.S. Trustee's Office objected late Monday to the proposed Chapter 11 plan of the Franciscan Friars of California, saying the plan contains overly broad injunctions of third-party claims and includes a gatekeeping prov...(read more)
Partners at Weil Gotshal & Manges LLP voted on Tuesday to dissolve the firm and install a three-member committee to oversee the wind-down of operations.
A flight attendants union said Tuesday that it and other unions have withdrawn their objections to Spirit Airlines' sale of former employees' data to Google in the airline's New York bankruptcy case, after securing new lim...(read more)
Mercer International Inc. has filed for Chapter 11 protection in a Texas bankruptcy court with $1.6 billion of funded debt and a pre-negotiated restructuring plan that would hand control of the company to its creditors.
The Victorian Bar Association announced Mark Costello KC of New Chambers has been elected president, taking over from Fiona Ryan SC for the 2026-2027 term.
Alex Jones has asked the Texas Supreme Court to review discovery sanctions orders that led to a since-trimmed $50 million judgment in a Sandy Hook family's Lone Star State emotional distress case, arguing a judge held him ...(read more)
The buyers of a Maine summer camp from bankrupt camp operator SimadHoldings are accusing the camp's former directors of stealing confidential files and taking them to the competition.
In September, Weil Gotshal & Manges LLP released an official statement signaling that it was not engaged in merger talks. A month later, the firm confirmed that it was exploring a merger.
A New York bankruptcy judge Monday found that disgraced insurance mogul Greg Lindberg cannot pause a $13 million settlement between one of his companies and parties he is accused of fraudulently funneling money to while he...(read more)
As more former Weil Gotshal & Manges LLP attorneys find new homes for their practices while the firm winds down operations, Latham & Watkins LLP confirmed Monday that it hired five partners and one counsel across multiple ...(read more)
A New Jersey bankruptcy judge on Tuesday denied the Office of the U.S. Trustee's bid to convert Invatech's bankruptcy to a Chapter 7 as the former generic pharmaceutical group works to wrap up an administratively insolvent...(read more)
A former chief financial officer of Vesttoo has urged the Delaware bankruptcy court to let the insolvent Israeli fintech's insurance carriers cover more than $1.5 million in legal fees stemming from fraud-related investiga...(read more)
Card room operator Maverick Gaming has asked a Texas bankruptcy judge for permission to transfer properties subject to its master lease with Blue Owl to its former CEO, seeking to shed its obligations under a sale-leasebac...(read more)
A Tennessee federal judge reversed an order stopping the government from collecting an aircraft trader's $14 million tax debt, saying a bankruptcy court improperly concluded that the government's position that the debt cou...(read more)
Health-focused restaurant chain True Food Kitchen received approval Monday from a Texas bankruptcy judge for its bidding procedures as it looks to close a Chapter 11 sale before the year's end.
Litigation investor Henderson & Jones has sued the former director of a property company for £1 million ($1.3 million), alleging he took out a COVID-19 business interruption loan that contributed to the property developer ...(read more)
Kansas City Chiefs player Rashee Rice has filed for Chapter 7 in Texas bankruptcy court while facing a domestic abuse lawsuit by a former girlfriend.
A California federal judge has dismissed a business owner's sprawling Racketeer Influenced and Corrupt Organizations Act suit after the company went too long without an attorney representing it.
A New York bankruptcy judge on Friday said he will convert the Chapter 11 case of Long Island nursing home operator Cold Spring Acquisition to a court-supervised Chapter 7 liquidation as soon as the sale of the company's a...(read more)
The U.S. Supreme Court agreed to take up a case involving a Fourth Circuit decision that denied an attempt by Goldman Sachs to arbitrate disputes with two debtors in bankruptcy over alleged violations of the automatic stay.
Diane Dick
Character.AI's bankruptcy is charting a path for preserving value in an artificial intelligence business that depends on retain...(read more)
Michael Martinez and Mary Grasta
The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process availa...(read more)
Hon. Brian Palmucci
A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries...(read more)