O'Melveny & Myers LLP has hired a corporate restructuring lawyer from Cleary Gottlieb Steen & Hamilton LLP as a partner in its bankruptcy and restructuring practice in New York.

The Seventh Circuit said Wednesday that it will wait to make its arbitration rejection official so a Chicago trading firm can ask the U.S. Supreme Court to determine whether it was correctly ordered to litigat... (more story)

A New York federal court has dismissed a shareholder lawsuit against two former Avaya Holdings Corp. executives, who were accused of misleading investors about the success of the North Carolina-based company's... (more story)

Former executives for a subsidiary of bankrupt nursing home chain Genesis Healthcare have told a Texas bankruptcy judge they didn't steal trade secrets to start a new business, accusing their former employer o... (more story)

A Delaware bankruptcy judge on Wednesday allowed a clawback adversary suit to proceed against the former CEO of Chicken Soup for the Soul Entertainment Inc., who, according to the Chapter 7 trustee in the case... (more story)

A Texas bankruptcy judge on Wednesday approved information technology services provider TPx Communications' Chapter 11 plan that will see it emerge from bankruptcy with a $1 billion lighter balance sheet.

The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 mill... (more story)

The U.S. solicitor general has urged the Supreme Court to decline to consider a suit from former Ruby Tuesday executives alleging Regions Bank inadequately protected their retirement plan benefits that were li... (more story)

The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through ... (more story)

Noble Supply & Logistics on Tuesday told a Delaware bankruptcy judge that its lenders have given it 75 days to wrap up its Chapter 11 case in exchange for allowing the defense contractor to use their collatera... (more story)

A New Jersey state judge has struck the expert reports in a legal malpractice suit against Faegre Drinker Biddle & Reath LLP, barring the experts from testifying unless the Sept. 14 trial over a real estate de... (more story)

Park Place Partners Development LLC, a real estate developer that formerly proposed building an Islamic community center near the World Trade Center site in Lower Manhattan, filed for Chapter 11 protection Tue... (more story)

A former executive and two contractors have forced artificial intelligence-powered health technology provider Survey Health into a Chapter 7 proceeding in Delaware bankruptcy court, as the company contends wit... (more story)

A New York bankruptcy judge has banned two individuals from bankruptcy court for five years after finding that they serially filed involuntary Chapter 11 and Chapter 7 petitions against numerous people and ent... (more story)

A Texas bankruptcy judge Wednesday approved the $16 million sale of two Dallas apartment buildings owned by affiliates of property developer Lurin Real Estate Holdings.

The U.S. Trustee and the parent company of bankrupt Omnis Pleasants LLC said Herbert Smith Freehills Kramer LLP's prepetition work for two lenders disqualifies it from representing the West Virginia coal plant... (more story)

The U.S. Trustee and unsecured creditors questioned Camp Mystic's proposal to bring in independent directors, telling a Texas bankruptcy judge Tuesday that bringing in a Chapter 11 trustee or dismissing the ca... (more story)

Bankrupt microbiome treatment company Finch Therapeutics received court approval for its Chapter 11 plan and disclosure statement Tuesday in Delaware after reaching agreements to resolve opposition to the proposal.

In states where the Uniform Assignment for Benefit of Creditors Act has been enacted — now including Delaware — qualifying distressed companies have a lower-cost, bankruptcy alternative that provides fiduciary... (more story)

Coffee chain 7 Brew emerged as the top bidder for 73 of drive-thru chain Salad and Go's leases with a $143 million offer, besting competitor Dutch Bros.' stalking horse bid of $105 million for 65 leases, couns... (more story)