Ashurst Perkins ICap Suit Stayed Amid Bankruptcy Fight
A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be p... (more story)
Outback Franchisee Can Tap Ch. 11 Loan To Make Payroll
The country's largest Outback Steakhouse franchisee received approval Tuesday from a Delaware bankruptcy judge to access part of a $5.5 million Chapter 11 loan so that it can meet an upcoming payroll obligatio... (more story)
Uniroyal Wins Ch. 11 Plan OK Despite Opt-Out Objection
A legacy unit of defunct tire maker Uniroyal received confirmation of its Chapter 11 plan Tuesday from a New Jersey bankruptcy judge, who overruled an objection from U.S. Trustee's Office to the proposal's opt... (more story)
Weight Loss Biz FuturHealth Can Tap $5M Ch. 11 Financing
FuturHealth, a weight loss-focused telehealth platform, can access $1.5 million of its $5 million debtor-in-possession loan, a Delaware bankruptcy judge said Tuesday, granting interim approval of the financing... (more story)
Judge Approves Independent Managers For Camp Mystic
A Texas bankruptcy judge has approved a proposal by Camp Mystic to appoint a pair of independent managers to handle the summer camp's bankruptcy and litigation stemming from a deadly 2025 flood.
Adgemis 'Can't Recall' On Collapsed Pub Empire's Accounts
Bankrupt former publican Jon Adgemis has told a Federal Court of Australia examination on Tuesday that he "can't recall" the details of his financial arrangements or the GST refunds of his sprawling Sydney pub... (more story)
Vaccine Co. Investors Want Final OK Of $6M Settlement
Investors of now-bankrupt vaccine company Gritstone Bio Inc. have asked a California federal court to grant final approval to a $6 million settlement resolving claims that its former CEO failed to disclose the... (more story)
Sports Complex Boss Tagged With $2.2M Restitution Order
A New York federal judge has ordered the former chief operating officer of an Arizona sporting complex to pay more than $2 million in restitution for his role in a nine-figure bond fraud scheme.
Weight Loss Biz Files Ch. 11 With $28M Debt
A telehealth company focused on weight loss has filed for Chapter 11 protection in Delaware with $28 million in liabilities and a dual-track plan to either sell its assets or reorganize.
Pennsylvania Healthcare Group Hits Ch. 11 To Sell Hospital
Holy Redeemer Health System filed for Chapter 11 protection in Pennsylvania to address about $441 million in liabilities, sell its hospital and restructure its senior and life care medical divisions.