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What's Happening In Bankruptcy Court This Coming Week
Purdue will ask a bankruptcy court to approve a retention incentive package for its CEO. Tilson Technology is scheduled for a hearing on its request for permission to complete a proposed asset sale. And the judge overseeing Steward Health Care's bankruptcy will consider whether to compel two hospital buyers to make payments and defend against accusations of contempt.
New Bankruptcy Group Modernizing Data Hack Response
A trio of claims and noticing agents is working with chief clerks from two of the nation's most influential bankruptcy courts to standardize the way they will respond if there is a data breach that compromises creditors' personal information.
Under The Radar: Bankruptcy News You May Have Missed
Cryptocurrency miner Rhodium asked a bankruptcy judge to impose sanctions on a company that is asserting patent infringement claims in its Chapter 11 case. An implant manufacturer asked for a court's go-ahead to incentivize certain staff to stay with a $220,000 bonus. And an Austrian biotechnology company's representative wants subpoena power in its Chapter 15.
What's Happening In Bankruptcy Court This Coming Week
Purdue will ask a bankruptcy court to approve a retention incentive package for its CEO. Tilson Technology is scheduled for a hearing on its request for permission to complete a proposed asset sale. And the judge overseeing Steward Health Care's bankruptcy will consider whether to compel two hospital buyers to make payments and defend against accusations of contempt.
New Bankruptcy Group Modernizing Data Hack Response
A trio of claims and noticing agents is working with chief clerks from two of the nation's most influential bankruptcy courts to standardize the way they will respond if there is a data breach that compromises creditors' personal information.
Under The Radar: Bankruptcy News You May Have Missed
Cryptocurrency miner Rhodium asked a bankruptcy judge to impose sanctions on a company that is asserting patent infringement claims in its Chapter 11 case. An implant manufacturer asked for a court's go-ahead to incentivize certain staff to stay with a $220,000 bonus. And an Austrian biotechnology company's representative wants subpoena power in its Chapter 15.
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Large Cap More
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The wife of Chinese exile and convicted security fraud defendant Miles Guo lost her bid to shield a $6.9 million Greenwich mansion from her husband's creditors when a Connecticut federal judge ruled Friday tha... (more story)
An alternative investment firm pressed the U.S. Supreme Court to not review a Fifth Circuit decision narrowing releases and so-called "gatekeeper" provisions in bankrupt Texas investment group Highland Capital... (more story)
This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim ... (more story)
A California federal judge pushed back Thursday on arguments by Tom Girardi's lawyer that he should be free on bond while he appeals his wire fraud conviction, saying that debating the case doesn't automatical... (more story)
Capital One has sued the Federal Deposit Insurance Corp. in Virginia federal court challenging a $149 million charge in a special assessment levied by the agency as part of an effort to recoup losses from the ... (more story)
Defunct talc supplier Whittaker Clark & Daniels properly filed for Chapter 11 protection in 2023 and its bankruptcy case should not be dismissed, the Third Circuit has ruled, siding against talc claimants who ... (more story)
A Texas bankruptcy judge on Thursday signaled he was prepared to approve solar power company Sunnova Energy International Inc.'s bid to take votes on a Chapter 11 plan after the debtor agreed to make changes t... (more story)
A Delaware bankruptcy judge on Thursday partially denied investment firm SkyBridge Capital's bid to arbitrate most of FTX's $167 million lawsuit against it, while staying bankruptcy-specific portions to let an... (more story)
The corporate entities formerly known as JCPenney on Thursday asked a Texas federal court to greenlight a $1.4 million settlement with Jackson Walker PC in a dispute concerning the romance of a partner with a ... (more story)
Mid Cap More
23andMe has asked a Missouri bankruptcy judge to approve a $3.25 million settlement reached with a class of 300,000 Canadian citizens whose information was compromised following a cybersecurity breach, touting... (more story)
Flagship Development Group, an insolvent timeshare business in Atlantic City, asked a New Jersey bankruptcy judge Friday to approve its Chapter 11 plan and lender settlement, arguing that its third-party relea... (more story)
A Texas bankruptcy judge Friday ended a royalty dispute that had stalled the confirmation of Hooters of America's Chapter 11 plan, saying the restaurant chain does not owe royalties on company-owned locations ... (more story)
Construction equipment seller and rental company Worldwide Machinery Group Inc. filed for Chapter 11 protection in Texas late Thursday, saying it has at least $100 million of debt in its initial court filings.
Miracle Restaurant Group LLC, an Arby's franchisee, defended the extension of the automatic stay to nondebtors in its confirmed Chapter 11 plan, arguing that the U.S. Supreme Court's decision in the Purdue Pha... (more story)
Israeli printed circuit maker Nano Dimension has told a Massachusetts federal judge that Quinn Emanuel Urquhart & Sullivan LLP can't claim a $30 million attorney's lien to make an "end run" around the bankrupt... (more story)
A Delaware bankruptcy judge on Friday rejected US Magnesium's request to roll up some $3 million in existing debt after the state of Utah argued that doing so would improperly grant a lender liens on unencumbe... (more story)
A Colorado federal judge was skeptical Thursday to award a $1.5 million default judgment against the owner of a now-defunct metal fabrication and construction company who was accused by former employees in a c... (more story)
The U.S. Securities and Exchange Commission on Thursday ended its civil enforcement action in New York federal court against Nikola founder Trevor Milton months after he was pardoned by President Donald Trump ... (more story)
A Florida bankruptcy judge on Thursday signed off on a $1.75 million debtor-in-possession loan and approved a chief restructuring officer for the debtors of a $300 million real estate development to buy time f... (more story)