Caught in a family dispute after the company's founder died, Tampa, Florida-based guitar and drum maker Armadillo Enterprises Inc. filed for Chapter 11 to resolve pending litigation and stabilize the business after alleged massive fraud by the founder's son, according to court documents.
A Delaware bankruptcy judge approved a whiskey distillery's amended liquidation plan. Creditors for boating retailer West Marine asked another Delaware judge to reject the company's plan disclosure. A the U.S. Trustee's Office balked at SiFi Networks America's proposed bid sweetener.
Sleep Number Corp. filed for Chapter 11 protection on June 12 to quickly sell its assets, citing macroeconomic challenges and a chaotic tariff landscape over the last year. Now, a team of Davis Polk & Wardwell LLP attorneys is steering the case.