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9th Circ. Names Downey Brand Atty To Calif. Bankruptcy Court

The Ninth Circuit has named a longtime bankruptcy partner at the firm Downey Brand LLP to the bankruptcy bench in the Eastern District of California, the appellate court has announced.

Nielsen Faced Potential Fine Of $50K Per Day In Tying Case

If the Second Circuit hadn't stepped in and paused a New York federal court order commanding Nielsen Co. to provide its national ratings data separate from its local offerings, the company would have racked up... (more story)

Summer Camp Operator Says Cash Advances Were Loans

The insolvent company that ran dozens of summer camps in several states is asking a New Jersey bankruptcy judge to find the financing agreements it had entered shortly before it sought Chapter 11 protection we... (more story)

FTX Trust Says SkyBridge Can't Collect $53M In Ch. 11 Claims

FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at ... (more story)

Catching Up With Delaware's Chancery Court

The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to ... (more story)

Womble Bond Plants Flag In Florida With Jacksonville Shop

Womble Bond Dickinson announced Monday that it has opened an office in Jacksonville, its first in Florida, with a three-member team of bankruptcy and restructuring attorneys anchoring the new location.

Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says

A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, accordi... (more story)

Asbestos Claimants Ask Justices To Take On 'Texas Two-Step'

Claimants alleging they developed mesothelioma after working with asbestos-infused products made by CertainTeed have urged the U.S. Supreme Court to decide whether financially healthy corporations can use a "T... (more story)

Alcohol Co. Republic National Gets OK For $14.5M Ch. 11 Sale

A Texas bankruptcy court Friday approved alcohol distributor Republic National's $14.5 million sale of substantially all its assets to entities affiliated with wholesaler Martignetti, after hearing that no obj... (more story)

Probe Of Hughes Satellite Deals Pushed Back 2 Weeks

A Texas bankruptcy judge Friday agreed to put off for two weeks the start of a court-appointed examiner's investigation of prebankruptcy deals by telecommunications company Hughes Satellite while parties in th... (more story)

Mid Cap More

23andMe Can Estimate Calif. Claims, But Only For Reserve

A Missouri federal judge Monday partially granted a bid by 23andMe's bankruptcy trust to assess the value of data breach claims brought by the state of California, saying he would let the trust value the state... (more story)

Spanish Steel Co. Tubos Reunidos Gets Ch. 15 Recognition

Tubos, a steel pipe maker, received Chapter 15 recognition of its Spanish insolvency proceeding Monday at a hearing in Texas bankruptcy court.

Judge OKs Up To $3.2M In BioXcel Employee Ch. 11 Bonuses

A Delaware bankruptcy judge approved employee retention and executive incentive payments that could total up to $3.2 million as AI-bolstered pharmaceutical group BioXcel works to sell its assets in Chapter 11.

Yardbird Southern Dining Chain Hits Ch. 11 With $50M Debt

Elevated casual dining chain Yardbird Group LLC filed for Chapter 11 protection Monday in Delaware, listing $25 million of secured debt obligations and another $25 million in unsecured claims as it pursues a s... (more story)

Owner Of 300+ Wendy's Franchises Hits Ch. 11 In Mich.

The owner of over 300 Wendy's restaurants has filed for Chapter 11 bankruptcy protection in Michigan with $10 million to $50 million in debt after years of shrinking margins.

Texas Oil Exec Asks 5th Circ. To Ax 'Lopsided' $210M Verdict

Exxon-acquired company InterOil's founder has urged the Fifth Circuit to reverse his $210 million loss in a lengthy Texas battle with a Swiss financier, arguing it resulted from a "lopsided" trial with sleepin... (more story)

SoHo Building Can Keep Control Of Chapter 11 Case

A New York bankruptcy judge rejected a U.S. Trustee's Office request to appoint a trustee in the Chen Foundation's Chapter 11 as the bankrupt owner of a mixed use building in Manhattan's SoHo neighborhood look... (more story)

Simply Interior Gets OK For Litigation, Wind-Down Ch. 11 Plan

A Delaware bankruptcy judge Friday said he would approve a Chapter 11 liquidation plan from home textile and decor company Simply Interior Homes that will establish a liquidating trust intended to pay creditor... (more story)

NJ Event Venue Reworking Ch. 11 Plan After Funding Shortfall

The company behind a New Jersey event venue called The Chariot is working to update its Chapter 11 plan after the financing it was expecting did not come together, saying Friday it is still hoping to get a pla... (more story)

Magnesium Miner Seeks Oct. Auction With $16.75M Baseline

Bankrupt Utah mining company U.S. Magnesium is asking a Delaware bankruptcy judge for permission to put its remaining facilities on the block in October with a baseline bid of $16.75 million in cash.

Expert Analysis

How Cannabis Rescheduling Is Reshaping Bankruptcy

As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries... (more story)

How Boards, Lenders Can View ABC Bankruptcy Alternative

The broader adoption of the Uniform Assignment for the Benefit of Creditors Act, including Delaware's recent statu... (more story)

Ch. 11 Ruling Offers A Drafting Guide For 3rd-Party Releases

A recent Puerto Rico bankruptcy court decision in Grupo Hima San Pablo has provided important guidance and a concr... (more story)