Large Cap More

2nd Circ. Says Voyager's Bank Didn't Know About Fraud

The Second Circuit has declined to revive a 53-count suit alleging Voyager Digital's former bank, Metropolitan Commercial Bank, was complicit in the now-defunct crypto lender's fraud, agreeing with the lower c... (more story)

Sale Closing Snag Delays Genesis Healthcare Plan Hearing

The approval of Genesis Healthcare's Chapter 11 plan was delayed Tuesday after counsel for the nursing home operator said a lease dispute was holding up the closing of the $1 billion sale of Genesis' 175 care facilities.

Committee, Lenders Reach $13M Deal In Summer Camp Ch. 11

Secured lenders and unsecured creditors of summer camp owner SIMAD Holdings have reached a settlement agreement that would provide a $13 million recovery pool for unsecured creditors to resolve a dispute about... (more story)

Insurers Challenge SF Diocese Plan's Abuse Payout Details

Multiple insurers have objected to the Chapter 11 plan disclosure statement of the Roman Catholic Archbishop of San Francisco, arguing the bankruptcy proposal did not contain enough information.

Spirit Execs Seek To End Investor Suit Over 2nd Bankruptcy

Two former Spirit Airlines executives have urged a Florida federal judge to permanently dismiss a proposed class action accusing them of misleading stockholders about the struggling airline's finances before i... (more story)

5th Circ. Backs Ginnie Mae On Reverse Mortgage Liens

A unanimous Fifth Circuit panel affirmed a lower court's ruling in favor of Ginnie Mae in a suit Texas Capital Bank brought over the extinguishment of its lien on reverse mortgage assets, saying there is a "so... (more story)

SEC Says Investment Co. Execs Faked Pre-IPO Scarcity

The U.S. Securities and Exchange Commission has accused two executives of a now-bankrupt investment company of deceiving investors about the value and availability of shares of privately held companies ahead o... (more story)

Justices Turn Away Ex-Ruby Tuesday Execs' Benefits Case

The U.S. Supreme Court on Tuesday rejected former Ruby Tuesday executives' bid for review of their claims that Regions Bank underpaid them after their deferred compensation benefits were liquidated in bankrupt... (more story)

Getty Images To File Ch. 11, Go Private In Koch-Backed Deal

Getty Images said Monday it plans to file for Chapter 11 in the coming weeks after reaching a restructuring agreement that would take the company private and includes up to $533 million in new equity from Koch... (more story)

Real Estate Recap: Q3 Deals, NYC Renos, Calif. Data Center Laws

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the top real estate deals of the third quarter, and conversations with leading attorneys on older ... (more story)

Mid Cap More

Creditors Point To Acrimony In Call For Camp Mystic Trustee

Creditors and other parties in the Chapter 11 case of Camp Mystic told a Texas bankruptcy judge Tuesday that the "extraordinary acrimony" between the debtor's owners and the families of campers who died in a 2... (more story)

ProPhase Units Can Seek Plan Votes After Claim Set At $25M

The bankrupt COVID-19 testing arm of ProPhase Labs can seek votes on its Chapter 11 plan after a New Jersey bankruptcy judge granted interim approval to the company's disclosure statement.

CarePoint Owes 401(k) Payments Post-Ch. 11, Union Says

A healthcare workers union has accused CarePoint Health and operators that took over two of its New Jersey hospitals of failing to make 2024 retirement fund contributions under a settlement in the defunct nonp... (more story)

Health Co. Mirra-Access Hits Ch. 11 To Deal With $400M Loan

Healthcare company Mirra-Access is seeking Chapter 11 protection in a Florida bankruptcy court with more than $100 million in debt and plans to restructure a loan facility with a firm tied to Franklin Templeton.

Character.AI Files Ch. 11 With $20M Sale Bid From Disney

Artificial intelligence entertainment platform Character Technologies has filed for Chapter 11 protection in Delaware with more than $50 million in debt, saying it was sunk by high operating and legal costs an... (more story)

Flood Suits Will Go On After Camp Mystic Control Ruling

A Texas bankruptcy judge agreed to modify the automatic stay in the Chapter 11 case of summer camp operator Camp Mystic late Friday to allow lawsuits from the victims of a deadly 2025 flood to proceed once the... (more story)

Australian Debtors' $1,250 Retainers Meet Ch. 15 Test

The liquidator of companies owned by a family accused of a decadeslong tax fraud scheme in Australia have adhered to Chapter 15's eligibility requirements with $1,250 retainers, a New York federal judge has fo... (more story)

US Trustee Questions Releases In SF Archdiocese Ch. 11 Plan

The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to be... (more story)

US Trustee Says Buffalo Diocese Insurer Deal Overreaches

The U.S. Trustee's Office has urged a New York bankruptcy judge to reject what it described as a bid by the Diocese of Buffalo to shield insurance carriers from third-party legal claims through a $177 million ... (more story)

Calif. Friars Seek OK For $26M Insurer Deal

An organization of Franciscan Friars in California has asked a bankruptcy judge to approve a $25.7 million settlement with its insurance carriers that the debtor said will help fund a trust with a total value ... (more story)

Expert Analysis

Data Sale In Spirit Bankruptcy Raises Novel Privacy Risks

Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes... (more story)

Why And How To Build A Neurodiversity-Informed Practice

By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or lea... (more story)

Illinois Banking Brief: All The Notable Legal Updates In Q3

Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful ... (more story)