Large Cap More

Lugano's Ch. 11 Plan Confirmed Pending Ex-CEO Deal Terms

The Delaware bankruptcy court Thursday granted confirmation of jewelry house Lugano Diamonds' Chapter 11 plan, conditioned on the documentation of a settlement with the company's former CEO.

TV Azteca Files Ch. 15 Seeking Recognition Of Mexican Reorg

Spanish language television company TV Azteca has filed for Chapter 15 relief in New York bankruptcy court, seeking U.S. recognition of its Mexican restructuring and an order protecting it from litigation in N... (more story)

Sleep Number OK'd For $154M Paydown In Ch. 11 Plan Deal

A New York bankruptcy judge Thursday authorized personalized mattress retailer Sleep Number to pay down around $154 million of its prepetition debt as part of a Chapter 11 plan support agreement with its unsec... (more story)

House Passes Bankruptcy Bill Restoring Higher Debt Limits

The U.S. House of Representatives approved the Bankruptcy Threshold Adjustment Act of 2026 late Wednesday by a voice vote, advancing legislation that would bring back and make permanent higher debt limits for ... (more story)

A Look At Sleep Number's Ch. 11 Liquidation Plan

Personalized mattress retailer Sleep Number Corp. will ask a New York bankruptcy judge to approve a disclosure statement for its proposed Chapter 11 liquidation plan and authorize it to solicit votes from cred... (more story)

Oakland Diocese Trades Last Blows Over Ch. 11 Plan Bid

The Roman Catholic Diocese of Oakland, its unsecured creditors committee and insurers made their final arguments to a California bankruptcy judge Wednesday, the debtor vying to cinch its proposed Chapter 11 pl... (more story)

FTX Exec's Wife Headed For Spring Campaign Finance Trial

A Manhattan federal judge on Wednesday set a new trial date for a crypto-lobbyist/attorney turned Republican congressional candidate who's accused of plotting with her husband, jailed former FTX executive Ryan... (more story)

Contractor, Defense Agency Reach Ch. 11 Claim Setoff Deal

Bankrupt government defense contractor Noble Supply & Logistics LLC reached a short-term deal with the Defense Logistics Agency on Wednesday in Delaware court that will allow for the agency to make contractual... (more story)

7 Appointed To Defense Contractor's Ch. 11 Creditor Panel

The U.S. Trustee's Office appointed seven members to the official committee of unsecured creditors in the Chapter 11 case of defense contractor Noble Supply & Logistics on Wednesday.

Nielsen Says Cumulus Order Illegally Dictates Sale Terms

A Nielsen Co. attorney on Wednesday blasted a federal judge's order that he said dictated the terms of the company's sale of nationwide radio ratings to Cumulus Media, telling a Second Circuit panel that the n... (more story)

Mid Cap More

Texas Trucking Co. Gets OK For Multi-Year Ch. 11 Plan

A Texas bankruptcy judge Thursday confirmed the Chapter 11 restructuring plan of trucking firm Balkan Express, following its owner's testimony that the debtor's multi-year plan was feasible.

WMG Administrator Denied Liquidator Role After Errors

A Federal Court justice has ordered the winding up of a company linked to former A-League club Western United, appointing a liquidator nominated by a creditor and the family company of its director of football... (more story)

Texas Supreme Court Weighs Bankruptcy Exemption For LLC

Texas Supreme Court justices pushed a man who declared bankruptcy to spell out why his share in a limited liability company should get exempt status, asking Wednesday if any states have ruled that interest in ... (more story)

Lurin Entity Wins Plan OK After $41M Credit Bid For Fla. Site

A Texas bankruptcy judge Wednesday confirmed the Chapter 11 liquidation plan of one of the debtors in the bankruptcy of real estate company Lurin LLC after it completed a sale, and conditionally approved the d... (more story)

Tax Court Validates $4M Tax Shelter Penalty Against Ill. Man

The IRS appropriately assessed a penalty of almost $4.4 million against an Illinois man the agency said was a tax shelter organizer, the U.S. Tax Court ruled Wednesday, rejecting his claim that the assessment ... (more story)

Insurers, Retailers Object To Vi-Jon Ch. 11 Plan

Several insurers and major retailers objected to the Chapter 11 plan proposed by private-label dry bath products maker Vi-Jon, arguing that it would impermissibly assign away insurance rights and leaves retail... (more story)

NY Castle Owner Gets OK For Ch. 11 Auction

A New York bankruptcy judge has granted permission to the owner of a century-old mansion that operates as a hotel and event venue on Long Island to hold an auction for the property in late October and seek the... (more story)

Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs ... (more story)

Soda Ash Miner's Ch. 11 Asset Sale Approved In Del.

Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

DC Judge Blocks 2nd Trump Naming Effort At Kennedy Center

A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorializ... (more story)

Expert Analysis

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)

Law School's Missed Lessons: Cultivating Good Judgment

Law schools generally overlook the role that solid judgment skills play in real-world practice, but attorneys can ... (more story)