Monette Farms secured Chapter 15 recognition, the Eighth Circuit agreed that a company seeking to depose its former counsel was improperly seeking information it previously pursued in civil cases and a bankruptcy, and Yellow Corp. was given the green light to abandon products it purchased from Goodyear but never collected.
Unsecured creditors of home shopping company QVC now have an official committee with its own proposed counsel, Pachulski Stang Ziehl & Jones LLP, a firm well known for high-stakes creditor work.
A prison healthcare company filed for Chapter 11 in light of up to $400 million in litigation liabilities, a Mexico-based marine oil rig service company sought U.S. recognition of a foreign insolvency and a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings also filed for Chapter 15 protection.
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Monette Farms secured Chapter 15 recognition, the Eighth Circuit agreed that a company seeking to depose its former counsel was improperly seeking information it previously pursued in civil cases and a bankruptcy, and Yellow Corp. was given the green light to abandon products it purchased from Goodyear but never collected.
Unsecured creditors of home shopping company QVC now have an official committee with its own proposed counsel, Pachulski Stang Ziehl & Jones LLP, a firm well known for high-stakes creditor work.
A prison healthcare company filed for Chapter 11 in light of up to $400 million in litigation liabilities, a Mexico-based marine oil rig service company sought U.S. recognition of a foreign insolvency and a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings also filed for Chapter 15 protection.
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May 14, 2026
The Second Circuit on Thursday once again weighed the nearly decadelong fraud case against former Platinum Partners executives, which has led to hard-fought trials, convictions, acquittals, appellate reversals and even a presidential pardon, as defense counsel and the government alike argued that a litany of errors demand rectification.
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May 14, 2026
The U.S. Trustee's Office objected to the Chapter 11 plan of reorganization for wind blade maker TPI Composites, telling a Texas court the plan includes third-party releases barred by the U.S. Supreme Court in its Purdue ruling.
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May 14, 2026
The U.S. Trustee's Office is asking a Texas bankruptcy judge to convert First Brand's Chapter 11 case to a Chapter 7 liquidation, saying the auto-parts maker admitted in its proposed restructuring plan it cannot pay the expenses it has incurred during the case on time.
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May 14, 2026
A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from the cryptocurrency exchange's collapse.
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May 14, 2026
A Delaware bankruptcy judge Thursday ruled an investor who signed on to a last-minute offering by cryptocurrency platform FTX does not have a claim for fraud, saying it went into the transaction knowing the company was close to collapse.
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May 14, 2026
Blank Rome LLP has added a former Husch Blackwell LLP lawyer to its finance, restructuring and bankruptcy practice in Dallas as the firm continues to strengthen its investment in the north Texas market.
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May 13, 2026
A Texas bankruptcy judge Wednesday approved the $250 million sale of Omnicare, the bankrupt long-term care facility pharmacy unit of CVS, to the stalking horse for its Chapter 11 auction.
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May 13, 2026
Laid-off employees of Spirit Airlines have filed a putative class action against the debtor, demanding two months' pay and benefits following Spirit's abrupt shutdown and the loss of their jobs.
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May 13, 2026
First Brands secured a Texas bankruptcy judge's sign-off Wednesday on the $80 million sale of Toledo Molding & Die, a deal that is expected to preserve 600 jobs and help the troubled auto parts group pay down its debt.
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May 13, 2026
The recovery trust of defunct cryptocurrency exchange FTX has called a crypto hedge fund's $200 million claim "frivolous," countering that it is the hedge fund that owes the estate $84 million for a line of credit FTX had extended.
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May 12, 2026
Del Monte Foods defended its Chapter 11 liquidation plan at a confirmation hearing Tuesday in New Jersey, arguing that, despite what a group of lenders has said, the debtor ran a transparent bankruptcy process that resulted in three separate sales.
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May 12, 2026
White & Case said Modivcare Inc. should be held in contempt for not moving $1.6 million to a Texas bankruptcy court escrow, intensifying a fight over fees the law firm racked up representing unsecured creditors in the reorganized healthcare services group's Chapter 11.
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May 12, 2026
NextEra Energy has agreed to shell out $9.5 million to put to rest proposed class action allegations it conspired with other nuclear energy producers to fix wages, according to a notice filed Tuesday in Maryland federal court.
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May 12, 2026
Fox Rothschild LLP has expanded its litigation department in West Palm Beach, Florida, with a new partner from Nelson Mullins Riley & Scarborough LLP.
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May 12, 2026
Inspired Healthcare said it resolved the remaining opposition to its bid to retain Reid Collins & Tsai LLP to help investigate pre-Chapter 11 causes of action, saying the latest version of its retention order allows any party to call for an examiner.
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May 11, 2026
A New York bankruptcy judge Monday blocked a South Carolina state court evidentiary hearing in two personal injury lawsuits against Asbestos Corp. Ltd., finding the automatic stay of the company's bankruptcy case applies to the state court hearing that had been scheduled for Tuesday.
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May 11, 2026
The unsecured creditors committee in the Chapter 11 of Ascend Elements has proposed six attorneys from McDermott Will & Schulte to represent it in the battery recycling firm's Texas bankruptcy case.
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May 11, 2026
A Texas bankruptcy judge said Monday he would approve luxury retailer Saks Global's request to sell and assign another eight leases for $5.5 million in Chapter 11, days after the company struck a settlement with its largest landlord.
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May 11, 2026
A one-time Jackson Walker LLP sought to exit a lawsuit asserting she, a former Texas bankruptcy judge and law firms fomented "mass corruption," textile developer Lycra confirmed its restructuring plan, and a police union received approval to modify its Chapter 11 stay to appeal a state court judgment.
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May 11, 2026
The Delaware Chancery Court this past week handled a varied mix of settlement approvals, political office disputes, transaction fights, emergency injunction bids and questions over how far the court can go to preserve records for litigation outside Delaware.
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May 11, 2026
Insurers could face challenges in gathering data under new regulation that will require them to document how they would leave the market in an orderly way, a trade body said Monday.
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May 08, 2026
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 Sandy Hook Elementary School shooting from pursuing the assets through state-court collection efforts.
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May 08, 2026
Calgary, Canada-based Monette Farms has asked a Delaware bankruptcy judge for U.S. recognition of its Canadian insolvency proceeding, ahead of the agriculture enterprise's planting season. Guiding it and its foreign representative through Chapter 15 is a team of Kobre & Kim attorneys with experience in complex bankruptcy litigation and cross-border restructurings.
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May 08, 2026
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 a May 21 hearing on approval of the plan disclosure statement.
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May 08, 2026
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.