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Del. Bankruptcy Court Makes All First-Day Hearings Remote

The U.S. Bankruptcy Court for the District of Delaware has announced its judges will be conducting remote hearings for all first-day motions.

NYC Archdiocese Reaches $800M Deal On Abuse Claims

The Archdiocese of New York has reached an $800 million settlement to resolve about 1,200 outstanding claims of child sexual abuse.

Papaya Gaming Must Prefund US Payments, Judge Says

Papaya Gaming Ltd. can continue paying its ordinary business expenses in the U.S., but the mobile game company must transfer funds from its Israeli bank accounts in advance to ensure creditors including Skillz... (more story)

State AGs Take Aim At 'Texas Two-Step' In Brief To Justices

Attorneys general for 20 states and the District of Columbia urged the U.S. Supreme Court to take up a challenge to the validity of "Texas Two-Step" bankruptcies, telling the high court a Fourth Circuit ruling... (more story)

Grid Operator Defeats American Efficient's Ch. 11 Sanction Bid

A North Carolina bankruptcy judge on Friday denied energy aggregator American Efficient's requested sanctions against PJM Interconnection, saying the power grid operator's refusal to hand over $800,000 in post... (more story)

Term Lender Raises Concerns About Brightline Ch. 11 Loan

A term loan lender in the Chapter 11 case of Florida regional rail company Brightline Holdings has raised concerns about the unusual postpetition lending package in the bankruptcy, contending creditors should ... (more story)

Judge OKs Whittaker's $535M Deal, Environmental Settlement

A New Jersey bankruptcy judge approved a $535 million global settlement resolving estate claims tied to former talc supplier Whittaker Clark & Daniels Inc., a victory for corporate parent Berkshire Hathaway an... (more story)

Papaya Must Freeze US Funds Amid Israeli Case, Judge Rules

A Delaware bankruptcy judge Friday agreed to grant Chapter 15 recognition of Papaya Gaming Ltd.'s insolvency proceeding in Israel but ordered the debtor to freeze funds in its U.S. bank accounts in light of an... (more story)

Reed Smith Seeks 2nd Circ. Emergency Stay In Eletson Row

Reed Smith urged the Second Circuit in an emergency motion to pause lower court decisions requiring the firm to turn over client files related to shipping company Eletson, saying the courts have "presumed the ... (more story)

Getty Images Gets $85M DIP As Ch. 11 Case Kicks Off

Getty Images secured a Delaware bankruptcy judge's approval on Thursday to borrow $85 million in Chapter 11 financing from a Koch family affiliate, funds it will direct to senior lenders and use to support its... (more story)

Mid Cap More

NC Justices Find Bankruptcy Paused Debt Collection Deadline

North Carolina's highest court has ruled that the automatic stay of a man's bankruptcy extended the deadline for a South Carolina real estate rental company to collect a debt he owed it, reversing a lower stat... (more story)

MS Amlin Denies $2.6M Liability In Grounded Ship Row

MS Amlin has denied that it owes $2.6 million to the owner of a vessel that ran aground in the Solomon Islands, saying it's not liable for legal costs linked to a $47 million arbitration award that a now-insol... (more story)

Fla. Popeyes Franchisee Seeks Ch. 11 Exit With Global Deal

A Florida bankruptcy judge said Friday he will approve a global settlement that provides a Chapter 11 exit path for Popeyes Louisiana Kitchen franchisee Sailormen Inc., a deal reached after both the franchisor... (more story)

Rural Broadband Biz Defeats Objection To $10M Ch. 11 Loan

RiverStreet Communications, a provider of broadband, wireless and telephone services in rural Virginia and North Carolina, can access $10 million of an $80 million Chapter 11 financing package, despite an obje... (more story)

SEC Wants To Settle $152M Fraud Suit Against Fla. REIT

The U.S. Securities and Exchange Commission told a Florida federal court Friday that it wants to settle its $152 million investor fraud suit against a real estate investment trust and its founders.

NYC Building Owner Can Hand Off Property Under Ch. 11 Plan

A New York bankruptcy judge has granted Chapter 11 plan confirmation to the owner of a mixed-use property in Manhattan's SoHo neighborhood, letting it transfer the building to a secured lender that is also fun... (more story)

Creditor Fights To Block InvaTech's Bankruptcy Escape Plan

A creditor of InvaTech Pharma Solutions is asking a New Jersey bankruptcy judge to reject the generic-drug developer's request to end its Chapter 11 case, saying it should be converted into a Chapter 7 liquidation instead.

Jackson Walker Hits Back At Fee Clawback Sanction Move

Law firm Jackson Walker said Wednesday that it should not be sanctioned for failing to bring to a Texas federal judge's attention additional cases involving an undisclosed romantic relationship between a bankr... (more story)

Philly-Based Weir Names New Managing Partner

Philadelphia-based Weir LLP has shaken up its leadership team by naming a partner who has practiced at the firm for more than 25 years as its new managing partner.

SEC Nabs Ruling Against Man Behind Hotel Investment Fraud

A California federal judge granted the U.S. Securities and Exchange Commission a summary judgment win Wednesday in the commission's suit accusing a Los Angeles businessman of running two securities fraud schem... (more story)

Expert Analysis

Balancing Independence And Costs In Ch. 11 Investigations

A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)

Industry On The Rocks: 5 Options For Distressed Alcohol Cos.

As the U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, confronts an unprecede... (more story)

Bankruptcy Deadlines, Concessions Can Decide Lien Priority

The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for b... (more story)