Large Cap More

Where Is Infowars? Families Continue Fight For Jones' Assets

A Texas federal judge on Friday probed whether assets belonging to Infowars operator Free Speech Systems LLC are part of Alex Jones' bankruptcy estate, a finding that could block the families of victims of the... (more story)

Wind Turbine Co. Touts Ch. 11 Plan As Best Creditor Option

Bankrupt wind turbine blade maker TPI Composites Inc. filed a motion in support of its Chapter 11 plan of liquidation late on Thursday, saying its proposal is in the best interests of all stakeholders ahead of... (more story)

Oakland Diocese Gets Initial OK To Take Votes On Ch. 11 Plan

A California bankruptcy judge on Friday approved the Roman Catholic Diocese of Oakland's request to solicit votes on a Chapter 11 plan that would set up a $180 million trust fund to compensate abuse claimants.

Buffalo Diocese Seeks OK For $4.6M HQ Sale

The Roman Catholic Diocese of Buffalo, New York, has asked for a bankruptcy court's permission to accept a $4.6 million offer for its headquarters, after its stalking horse bidder was outbid.

Ex-Beneficient CEO Convicted In $150M Shell Co. Fraud

The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $1... (more story)

Conn. Diocese Settles Abuse Defense Suit Against Travelers

The bankrupt Norwich Roman Catholic Diocesan Corp. has reached a settlement with its insurer in a Connecticut state court lawsuit alleging the insurer improperly bailed on defense coverage for a sexual abuse c... (more story)

Nielsen Tells 2nd Circ. To Upend Cumulus' Data-Tying Order

An attorney for Nielsen urged a Second Circuit panel Thursday to undo an order, which is currently stayed, effectively blocking it from conditioning media company Cumulus' access to national radio ratings data... (more story)

Spandex Maker Gets OK For Ch. 11 Plan Cutting $1.2B In Debt

Textile developer Lycra received confirmed Thursday from a Texas bankruptcy judge for its restructuring plan, which calls for erasing $1.2 billion of debt from its balance sheet, capping a quick trip through Chapter 11.

DEMAR Seeks Ch. 15 Protection Amid Pemex Financial Woes

Mexico-based marine oil rig service company DEMAR Instaladora y Constructora SA de CV has asked a Texas bankruptcy court to recognize its Mexican bankruptcy proceeding, saying that it spiraled financially afte... (more story)

Ex-Jackson Walker Atty Seeks Breakup With Romance Suit

A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "ma... (more story)

Mid Cap More

NYC Condo Board Says Ch. 11 Filing Can Be Fixed

A New York City condominium board that's connected to a Midtown Manhattan hotel and a 57-unit condominium building told a New York federal bankruptcy court to not dismiss its Chapter 11 bankruptcy case, arguin... (more story)

Carbon Health Gets $11M DIP Hike As Mediation Continues

A Texas bankruptcy judge Friday approved $11 million in additional Chapter 11 financing for urgent care facility operator Carbon Health Technologies as talks continue between parties in the case.

E-Commerce Finance Biz Files Ch. 7 With Over $50M In Debt

Parker Group Inc., a Valar Ventures-backed digital banking service for online businesses, has filed for Chapter 7 in Delaware bankruptcy court with $50 million to $100 million each in assets in liabilities.

Ex-Exec's Severance Fight Against Media Cos. Ends In NJ

A New Jersey federal judge closed the books on a years-long severance dispute between A360 Media LLC, Bauer Media Group USA LLC and a former executive, after entering a sealed opinion and order terminating the case.

Vanderbilt Minerals Gets OK For $64M Sale, New DIP Package

A New York bankruptcy judge Thursday told former talc miner Vanderbilt Minerals it can accept a $64 million bid for its mines and said she will give interim approval for $15 million in new Chapter 11 financing from the buyer.

US Magnesium Creditors Can Take Votes On Ch. 11 Plan

A Delaware bankruptcy judge on Thursday signed off on a request by US Magnesium's unsecured creditors to solicit votes on a Chapter 11 liquidation plan, months after the defunct mineral supplier sold most of i... (more story)

Prospect Medical Captive Insurer Gets Interim Ch. 15 Relief

Connecticut Healthcare Insurance Co., a Cayman Islands insurance company indirectly owned by bankrupt hospital chain Prospect Medical Holdings, received provisional relief Thursday for its Cayman wind-up proce... (more story)

US Trustee Objects To Airline's 'Unfair' Plan Process

The Office of the U.S. Trustee opposed the Chapter 11 disclosure statement of a bankrupt Alaska-based airline, saying it lays out a "fundamentally unfair" process for creditors to object if the debtor tries to... (more story)

Prospect Medical Captive Insurer Files Ch. 15 In Texas

Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its ... (more story)

Amber Denies Violating Confidentiality Order In Citgo Feud

An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed c... (more story)

Expert Analysis

2 AI Snafus Show Why Attys Can't Outsource Judgment

The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial ... (more story)

Judge-Led Bankruptcy Mediation Can Be The Best Option

Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Cha... (more story)

Law School's Missed Lessons: How To Draft Pleadings

Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)