Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Catching Up With New Bankruptcy Case Action
An Eddie Bauer retail operator took more than $1 billion in liabilities into Chapter 11 in New Jersey, as did a senior living-focused private equity investor in Texas, while a blockchain financial technology company started a bankruptcy in Delaware with over $100 million in debt.
Meet The Attorneys Advising Eddie Bauer In Chapter 11
A group of lawyers from Kirkland & Ellis LLP and Cole Schotz PC is guiding the retail operator of outdoor apparel brand Eddie Bauer as it attempts to sell stores in its Chapter 11 case in New Jersey bankruptcy court.
Hospitals Face 'Perfect Storm' Of Fed. Cuts, Revenue Strains
Facing federal budget cuts, soaring labor costs and a rising tide of uninsured patients, U.S. hospitals are approaching a financial cliff that could trigger a wave of closures nationwide.
Catching Up With New Bankruptcy Case Action
An Eddie Bauer retail operator took more than $1 billion in liabilities into Chapter 11 in New Jersey, as did a senior living-focused private equity investor in Texas, while a blockchain financial technology company started a bankruptcy in Delaware with over $100 million in debt.
Meet The Attorneys Advising Eddie Bauer In Chapter 11
A group of lawyers from Kirkland & Ellis LLP and Cole Schotz PC is guiding the retail operator of outdoor apparel brand Eddie Bauer as it attempts to sell stores in its Chapter 11 case in New Jersey bankruptcy court.
Expert Analysis
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Large Cap More
The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medic... (more story)
Hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder risk appearing in an upcoming trial without their preferred counsel from the Beasley Allen Law Firm, unless a Ne... (more story)
A film production company has urged a Delaware bankruptcy court to not allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of... (more story)
A former employee at a facility operated by bankrupt auto parts company First Brands Group LLC and one of its subsidiaries has sued the companies, arguing he and workers like him are owed wages and benefits be... (more story)
Since entering bankruptcy, auto parts company First Brands Group Holdings LLC has ridden out its Chapter 11 as the fulcrum of its own insolvency as well as acrimonious adversary proceedings and the federal pro... (more story)
A New Jersey bankruptcy judge Wednesday signed off on Chinese state-owned firm CCA Construction Inc.'s Chapter 11 plan, months after the debtor reached a settlement with a Bahamian resort developer whose $1.6 ... (more story)
After the headline-grabbing bankruptcies of Saks Fifth Avenue and an Eddie Bauer retail operator early this year, lawyers told Law360 that they expect the retail retrenchment to continue amid flat consumer dem... (more story)
Saks Global said on Tuesday it plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location in the U.S., as it looks to boost its business through a Chapter 11 restructuring.
A New Jersey bankruptcy judge Tuesday declined to certify a direct appeal to the Third Circuit in Multi-Color Corp.'s Chapter 11, telling creditors that a dispute over the global label maker's choice of venue ... (more story)
A Delaware bankruptcy judge approved a Chapter 11 schedule Tuesday for the retail operator for outdoor clothing brand Eddie Bauer that will see the company on the block by early March and any unsold stores clo... (more story)
Mid Cap More
FlexShopper, a lease-to-own consumer purchase financing group, can sell its assets for roughly $15.1 million in Chapter 11, a Delaware bankruptcy judge ruled Wednesday, after the debtor resolved an objection t... (more story)
The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new ... (more story)
Faith-based clothing retailer Altar'd State can proceed with its $7 million opening bid for the intellectual property of bankrupt women's clothing retailer Francesca's, a New Jersey bankruptcy judge said on We... (more story)
Recycling company Aleon Metals and its unsecured creditors have urged a Texas bankruptcy court to approve the debtor's Chapter 11 plan disclosure statement before Saturday so that creditors can vote on its terms.
A Chapter 11 deal to serve up assets of cooking and home goods e-commerce company Food52 Inc. to America's Test Kitchen secured a Delaware Bankruptcy judge's approval Tuesday, one of three sale measures totali... (more story)
Lawyers for a Long Island nursing home operator told a New York bankruptcy judge on Tuesday that they hope to have a consensual Chapter 11 plan soon, after reaching a deal with the unsecured creditors' committ... (more story)
Amber Energy Inc. has asked the Third Circuit to reject appeals of an order accepting its multibillion-dollar bid for shares in Citgo Petroleum Corp.'s parent company, saying a lower court "came nowhere near a... (more story)
A special master has lost his request to have Venezuela and gold mining company Gold Reserve pay his $3.1 million bill for defending against their unsuccessful bid to have him disqualified in long-running liti... (more story)
The owner of Colorado's Glenwood Caverns Adventure Park has filed for Chapter 11 protection in Delaware bankruptcy court, saying it's unable to pay a $116 million wrongful death judgment.
The U.S. Department of Justice and a family of overseas-trust beneficiaries struck a partial deal in a $28 million tax suit in Florida federal court, with the DOJ dropping its push to freeze the family's asset... (more story)