Large Cap More

HSBC Defeats Most Claims In First Citizens' Poaching Suit

A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still... (more story)

Under The Radar: Bankruptcy News You May Have Missed

QVC's preferred shareholders objected to the company's Chapter 11 plan as they seek to end the debtor's plan exclusivity in the case. Meanwhile, watchmaker E. Gluck Corp. secured conditional approval of its li... (more story)

Pashman Stein Adds Genova Burns Bankruptcy Partner In NJ

Pashman Stein Walder Hayden PC brought on a partner in New Jersey from Genova Burns LLC specializing in bankruptcies, restructurings and state court insolvencies, the firm announced Thursday.

Spirit Seeks Bonuses To Keep Top Brass Through Wind-Down

Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.

Dechert Adds 4th McDermott Restructuring Partner In A Month

Dechert LLP has continued its hiring spree of former McDermott Will & Schulte attorneys, adding its fourth restructuring partner from the firm this month.

3rd Circ. Affirms Toss Of Spirit Airlines Site Tracking Suit

The Third Circuit has refused to revive a proposed class action accusing the now-defunct Spirit Airlines of recording communications by visitors to its website, finding the plaintiffs voluntarily provided info... (more story)

Plastics Co. Trinseo Clears Initial Ch. 11 Prepack Hurdles

Bankrupt plastics company Trinseo PLC received approval Wednesday from a Texas bankruptcy judge to access $427.5 million in Chapter 11 financing as it pursues its prepackaged restructuring proposal, but a disp... (more story)

Genesis Says JV Partner Can't Block Ch. 11 Sale

Bankrupt nursing home operator Genesis Healthcare Inc. on Wednesday defended its $1 billion planned asset sale from a joint venture partner's objection, contending it could not assert its right of first refusa... (more story)

Spirit OK'd For $275M DIP To Simplify 20-Plane Sale In Ch. 11

Spirit Airlines received approval Wednesday for $275 million in Chapter 11 financing that aims to simplify the previously approved sale of 20 aircraft to a stalking horse buyer as it seeks to preserve assets d... (more story)

Stock Trade Co. Wants Out Of Mallinckrodt Clawback Suit

A high-frequency stock trading firm is asking a Delaware bankruptcy judge to make it the latest defendant dismissed from a bid by Mallinckrodt PLC to recover $1.6 billion paid for stock buybacks before the opi... (more story)

Mid Cap More

Impac Wins OK To Swap $24M Debt For Equity In Ch. 11

Bankrupt home lending broker Impac Mortgage Holdings Inc. received approval on Thursday from a Delaware bankruptcy judge for its restructuring plan that swaps $24 million in senior secured debt for equity.

Bestar Wins Ch. 15 Bid Amid Landlord Deposit Tussle

A Delaware bankruptcy judge on Thursday granted Chapter 15 recognition to Canadian furniture company Bestar Inc. over the objection of a landlord seeking a $250,000 security deposit for potential damages that ... (more story)

BlockFills Can Send Ch. 11 Plan Out For Creditor Votes

A Delaware bankruptcy judge on Thursday granted conditional approval to the Chapter 11 plan disclosure statement of cryptocurrency trading platform BlockFills, saying issues over the opt-out release mechanism ... (more story)

Bestar Landlord Opposes Ch. 15 Recognition Over Lease

A landlord for a New York location of bankrupt furniture retailer Bestar told a Delaware court late Tuesday that the debtor's Chapter 15 recognition motion should be denied because the company has continued to... (more story)

2nd Circ. Says Creditor Agent Could Be Served In Ch. 11 Suit

The Second Circuit has found that when a Chinese textile company authorized an insurer to fully collect on a $3 million bankruptcy claim, it authorized the insurer's agent to accept service for a suit that wou... (more story)

Judge Won't Toss NYC Condo Board's Ch. 11

A New York bankruptcy judge has rejected a bid to dismiss a New York City condo board's contentious Chapter 11 case, finding the board had been entitled to undertake such a proceeding at a meeting it held on the subject.

Atty Can't Shield Records In Probe Tied To Aussie Tax Fraud

A tax lawyer cannot use the Fifth Amendment to shield his U.S. financial records from liquidators appointed by an Australian court that hit his family's companies with a civil assessment of AU$100 million ($71... (more story)

Goldstein & McClintock Adds 4 Attys, Opens West Palm Shop

Goldstein & McClintock LLLP, a boutique restructuring, finance and corporate law firm has expanded with a new West Palm Beach, Florida, office as well as a series of additions.

Calif. Cannabis Grower Files Ch. 7 Petition

A cannabis growing business in California's Monterey County has launched a Chapter 7 case with between $10 million and $50 million of debt, less than six years after it abandoned an earlier bankruptcy.

Oakland Diocese Claimants Look To Toss Insider Plan Votes

Unsecured creditors of the Roman Catholic Diocese of Oakland are urging a bankruptcy judge to disallow certain votes on the diocese's proposed Chapter 11 plan, saying they were cast in the wrong class by insid... (more story)

Expert Analysis

Finding Borrower Risk In The Private Credit Covenant Mix

Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower... (more story)

Studying Foreign Languages Makes Me A Better Lawyer

Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways... (more story)

NY Times Word Puzzles Make Me A Better Lawyer

Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain bef... (more story)