Large Cap More

LIV Golf, BC Partners Strike $300M Restructuring Deal

LIV Golf is asking a New Jersey bankruptcy judge to approve a restructuring support agreement it reached with private equity firm BC Partners, which would provide a $300 million investment in the league as it ... (more story)

Catching Up With New Bankruptcy Case Action

A pool supplier hit Chapter 11 with a $685 million debt-for-equity swap plan, Brazilian construction conglomerate Andrade Gutierrez Engenharia asked for Chapter 15 recognition, and a spa in the Catskills sough... (more story)

Miss America CEO Says Carlton Fields' Fee Lien Lacks Detail

Miss America CEO Robin Fleming is asking a Florida federal court to require Carlton Fields to provide more specific information about a charging lien the firm has asserted over unpaid legal fees in litigation ... (more story)

Spirit's Data Sale To Google Protects Consumers, Court Told

Spirit Airlines and Google have taken "consequential steps" to protect the privacy of millions of consumers whose data is being sold as part of the airline's bankruptcy, a consumer privacy ombudsman said in a ... (more story)

Jackson Walker Deal Stalled By Standing Issue, Trustee Says

The U.S. Trustee's Office told a Texas federal judge that its settlement with Jackson Walker LLP to disgorge fees from cases touched by scandal is on ice while a bankruptcy judge examines the watchdog's standi... (more story)

Court Rejects Oakland Diocese's $180M Ch. 11 Plan

The Roman Catholic Diocese of Oakland, California, has failed to get a $180 million Chapter 11 plan confirmed, with a bankruptcy judge saying the religious organization failed to show that sexual abuse survivo... (more story)

BioXcel's Ch. 11 Stayed Securities Settlement, Judge Says

BioXcel Therapeutics' Chapter 11 filing paused a securities class action against it, a Delaware bankruptcy judge ruled Monday, after a federal court had pressed the life sciences group for a more detailed time... (more story)

Inspired Healthcare Gets OK For $713M Sale

A Texas bankruptcy judge Monday gave Inspired Healthcare the go-ahead to sell 30 of its senior living communities for $713 million after being told objections to how the sale proceeds will be handled will them... (more story)

IRS Loses Bid For Tax Withholdings In Ch. 11 Camp Sales

A New Jersey bankruptcy judge determined on Monday that the buyers of seven summer camps owned by Simad Holdings Ltd. need not withhold taxes under rules governing the sale of U.S. property by foreign owners, ... (more story)

5th Circ. Stays Barretts Talc Trial Ahead Of Arguments

The Fifth Circuit has agreed to pause a Texas federal court trial on whether talc sold by Barretts Minerals Inc. contained cancer-causing asbestos, saying it would hear argument in December on talc claimants' ... (more story)

Mid Cap More

CaaStle Approved For $3.5M Settlement With Ex-Leadership

The Chapter 7 trustee of fashion industry software company CaaStle Inc. received approval Tuesday from a Delaware bankruptcy judge for a $3.5 million settlement of his lawsuit against former directors and offi... (more story)

Crypto Miner Mawson Can Pursue Bad-Faith Bankruptcy Suit

Two directors of entities that filed an involuntary Chapter 11 petition against cryptocurrency mining firm Mawson must face its adversary complaint against them, a Delaware bankruptcy judge has ruled, finding ... (more story)

Oprah-Backed True Food Kitchen Hits Ch. 11, Closes 12 Sites

True Food Kitchen, a health-focused restaurant chain that scored an investment from Oprah Winfrey in 2018, has filed for Chapter 11 protection in a Texas bankruptcy court with $42.1 million in debt and plans t... (more story)

Burger King Says Ex-Franchisee Infringed With 'Jumbo King'

Burger King is asking a Florida federal court to shut down three competing restaurants in New Jersey for alleged trademark infringement, claiming that the shops are run by a former franchisee who renamed her b... (more story)

Bankruptcy Sale Opens West Palm Beach Redevelopment Play

The $13.5 million sale of a distressed condominium property in West Palm Beach through a bankruptcy sale announced Monday likely sets the stage for another residential redevelopment project in the booming South Florida city.

Camp Mystic Director Can't Duck Deposition At Ch. 11 Hearing

A Texas bankruptcy judge Monday denied a Camp Mystic director's bid to quash a subpoena seeking his deposition, allowing the unsecured creditors committee and families of victims who died during a flood at the... (more story)

NY Power Plant Co. Seeks To Open Auction With $8M Bid

Danskammer, the owner of a 532-megawatt natural gas power plant along the Hudson River, has asked a Delaware bankruptcy judge to schedule a November auction for its assets with an $8 million stalking horse bid.

High Court Won't Hear Madoff Feeder Funds' Clawback Appeal

The U.S. Supreme Court on Monday denied certiorari to a group of feeder funds that invested in the Ponzi scheme of Bernard L. Madoff, which sought to challenge a Second Circuit ruling that found their $6 billi... (more story)

DGR's Bid To Expand $28.4M Armour Energy Case Rejected

A Queensland Supreme Court judge has refused mining exploration company DGR Global's application to add a new $73.4 million counterfactual claim in its proceedings over the collapse of Armour Energy, DGR announced Monday.

Lion Property Director Can't Undo Investor Default Judgment

A Victorian Supreme judge has dismissed an application by John Sader, co-founder of Lion Property Group, to set aside a default judgment issued in a suit alleging the collapsed luxury property developer misuse... (more story)

Expert Analysis

Foreclosure May Not Be The Fix For Distressed Office Loans

Recently declining office values show that distressed borrowers and lenders should consider negotiated workouts, t... (more story)

AI Meeting Recaps Pose New Discovery And Privilege Risks

The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversati... (more story)

Playing Bid Whist Makes Me A Better Lawyer

As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawy... (more story)