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Gol Linhas Ruling Set To Roil Post-Purdue Release Landscape
A federal judge's decision this week that Brazilian airline Gol Linhas' Chapter 11 plan releases were nonconsensual could have sweeping effects on how debtors secure valuable liability waivers in bankruptcy, complicating the question of what counts as consent under the U.S. Supreme Court's Purdue Pharma ruling, experts told Law360.
What's Happening In Bankruptcy Court This Coming Week
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
Gol Linhas Ruling Set To Roil Post-Purdue Release Landscape
A federal judge's decision this week that Brazilian airline Gol Linhas' Chapter 11 plan releases were nonconsensual could have sweeping effects on how debtors secure valuable liability waivers in bankruptcy, complicating the question of what counts as consent under the U.S. Supreme Court's Purdue Pharma ruling, experts told Law360.
What's Happening In Bankruptcy Court This Coming Week
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
Expert Analysis
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Large Cap More
A New Jersey federal judge Friday gave final approval to a $13.2 million settlement with investors seeking damages for their business with the failed cryptocurrency lender BlockFi Inc., awarding $10,000 to each class member.
A Texas bankruptcy judge Friday allowed investment platform Linqto to solicit votes from creditors on its Chapter 11 plan, saying potential issues with the debtor's third-party releases and challenges to the d... (more story)
ModivCare's consenting creditors and debtor-in-possession lenders have urged a Texas bankruptcy court to quickly confirm the medical transportation provider's Chapter 11 plan, which they said will reduce its d... (more story)
Stinson LLP has again expanded its attorney roster in its Los Angeles office that opened earlier this year, this time adding two bankruptcy partners from Leech Tishman and a business litigation associate.
Counsel for telecommunications business Broadband Telecom Inc. said that the debtor's chief restructuring officer had made progress on obtaining records and assessing its business, but is still seeking full an... (more story)
The U.S. Solicitor General told the Supreme Court late Wednesday that it should not take up an appeal from reorganized debtor Hertz Corporation over a $272 million make-whole payment dispute because the circui... (more story)
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 ... (more story)
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.
Squire Patton Boggs LLP announced Wednesday that it has hired the former vice chair of Foley & Lardner LLP's bankruptcy and restructuring practice.
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proce... (more story)
Mid Cap More
US Magnesium's unsecured creditors committee has once again urged a Delaware bankruptcy judge not to give final approval to the former magnesium producer's $10 million Chapter 11 loan, saying it only benefits ... (more story)
Rent-to-own furniture and appliance retailer Buddy Mac Holdings and several affiliates have filed for Chapter 11 protection in Texas bankruptcy court with up to $50 million in debt.
A Delaware bankruptcy judge Friday gave a Florida biotechnology company permission to hold an auction in January for the royalty rights to a line of monkey cells being used to develop a smallpox vaccine.
Long Island-based real estate holding company Giapreet LLC filed for Chapter 11 in a New York bankruptcy court with just over $35 million in liabilities.
A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the ... (more story)
A New York law firm filed for Chapter 11 bankruptcy relief a week after its creditors filed involuntary Chapter 7 liquidation petitions and more than a month after the firm's founder accused the creditors of a... (more story)
Google is opposing a move by Unlockd Media seeking the recusal of U.S. District Judge Haywood S. Gilliam Jr. in an antitrust lawsuit in California federal court, arguing that the judge's close relationship wit... (more story)
Blank Rome LLP will elevate 14 attorneys to partner in the new year, its highest partnership class in seven years.
Bitcoin miner Rhodium Encore's confirmation hearing will extend to a second day after a dispute over counsel fees for Lehotsky Keller Cohn LLP's work as special litigation counsel remained unresolved.
Two law firms have urged a Connecticut state court to dismiss a lawsuit brought by a creditor in a Chapter 7 case that accused them of failing to ably represent its interests in the underlying bankruptcy and a... (more story)