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April 01, 2026
The former owners of a collapsed sports media business have defeated a fraud claim after a court found they had not misrepresented the financial health of the company to convince a joint venture to buy a majority stake for $715 million.
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March 31, 2026
The Delaware Chancery Court dismissed a stockholder derivative lawsuit accusing B. Riley Financial Inc. insiders and directors of breaching their fiduciary duties over hundreds of millions of dollars in losses tied to the failed Franchise Group investment, ruling that the claims amounted to an impermissible hindsight critique of a risky business decision.
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March 31, 2026
New dominoes fell as part of auto parts maker First Brands' bankruptcy, with three foreign subsidiaries of the company hitting Chapter 11 in Texas. Meanwhile, the owner of an upscale California mall and a residential real estate investment firm based in central New York sought bankruptcy protection following foreclosures. And a concrete truck supplier in Texas launched its own bankruptcy, saying immigration enforcement has weighed down its business.
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March 31, 2026
Six creditors have asked a Texas bankruptcy judge to withhold approval from senior living facility investor and operator Inspired Healthcare Capital's current bid to hire Raymond James & Associates Inc. in the company's Chapter 11.
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March 31, 2026
Counsel for Office Properties Income Trust, a national office space owner and leasing company, told a Texas bankruptcy judge Tuesday a deal the debtor struck with a group of creditors is poised to clear remaining objections to its plan to cut $700 million of debt in Chapter 11.
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March 31, 2026
A California bankruptcy judge on Tuesday blessed a fee-sharing deal between the Roman Catholic Diocese of Fresno and the state's other Catholic organizations, saying it could pay a firm representing all of them in a state court appellate case.
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March 31, 2026
The Beasley Allen Law Firm asked a New Jersey federal court on Monday to hold off on disqualifying it from talc litigation against Johnson & Johnson while it appeals the disqualification order which it called "unprecedented and incorrect."
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March 30, 2026
Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.
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March 30, 2026
Del Monte Foods has urged a New Jersey bankruptcy judge to deny a lender group's request to certify a settlement order for direct appeal to the Third Circuit, arguing that the group's challenge to the Chapter 11 deal should play out in district court instead.
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March 30, 2026
A Delaware bankruptcy judge Monday diverted a $100 million settlement payment that bankrupt telecom company Ligado Networks owed to satellite operator Inmarsat into escrow after Ligado alleged Inmarsat breached the deal.
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March 30, 2026
Auto parts maker First Brands is asking a Texas bankruptcy judge for rapid approval of a proposed $25 million sale of several of its filter and windshield wiper brands, saying it has no going-concern offers and that the businesses are bleeding customers and value.
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March 30, 2026
The leader of a creditor litigation trust in Steward Health Care's bankruptcy case has launched an adversary proceeding in Texas bankruptcy court against Aetna Health, saying the insurer has refused to pay $6.36 million owed to hospitals formerly owned by Steward.
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March 30, 2026
Lowenstein Sandler LLP announced Monday that it has opened an office in Delaware by bringing on the former leader of Polsinelli PC's bankruptcy and restructuring practice.
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March 30, 2026
The U.S. Supreme Court reviewed a ruling that precluded a Chapter 13 debtor from suing a Mississippi company. The Roman Catholic diocese in Albany, New York, announced a $148 million settlement with survivors of childhood abuse. And members of Congress introduced a new bill aimed at curbing forum shopping.
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March 27, 2026
A subsidiary of sustainable metal and glass packaging company Ardagh Group has received Chapter 15 recognition in New York of its restructuring proceedings pending in Luxembourg, over an objection from payment-in-kind noteholders.
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March 27, 2026
A panel of the Second Circuit Court of Appeals reversed a New York judge's $16 billion judgment against Argentina arising from its nationalization of the country's largest oil and gas exploration company, saying Friday Argentine law doesn't obligate the country to comply with YPF SA's corporate bylaws.
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March 27, 2026
The Roman Catholic Diocese of Albany, New York, has agreed to pay $148 million as part of a settlement reached with a committee of sexual abuse claimants in its Chapter 11, it announced Friday.
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March 27, 2026
Fiber manufacturer The Lycra Co. has recruited an experienced team of bankruptcy attorneys from Linklaters LLP and Haynes Boone to guide it through a prearranged Chapter 11 restructuring.
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March 27, 2026
Bankruptcy courts this week will consider objections to the retention of Jones Day in mining company Vanderbilt Minerals' Chapter 11 case, a motion by telecommunications company Ligado to postpone a $100 million payment, and approval of an equity rights offering tied to Office Properties Income Trust's Chapter 11 plan.
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March 27, 2026
A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.
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March 27, 2026
Two lawmakers have proposed new legislation in the U.S. House of Representatives to set stricter rules on which jurisdictions a company may declare bankruptcy in, saying reform is needed to curtail debtors selecting favorable venues outside their home state.
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March 27, 2026
Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.
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March 27, 2026
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."
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March 27, 2026
A New Jersey federal judge has disqualified the Beasley Allen Law Firm from representing hundreds of plaintiffs in sprawling multidistrict litigation over Johnson & Johnson's talc-based baby powder, holding that the firm violated ethics rules by collaborating with former outside counsel for J&J, a ruling the law firm has vowed to appeal.
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March 27, 2026
A company operating Eddie Bauer retail stores said Friday it will increase funding for unsecured creditors in its Chapter 11 plan from $250,000 to up to $3 million after securing a deal with its lenders and creditors on how to distribute proceeds from the debtor's going-out-of-business sales.