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A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
Catching Up With New Bankruptcy Case Action
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
A Look At Roomba Maker iRobot's Ch. 11 Reorg Plan
IRobot, the company behind the Roomba robot vacuum, will ask a Delaware bankruptcy judge Thursday to approve a Chapter 11 reorganization plan that would eliminate $257 million in debt, citing broad support from its major stakeholders.
Catching Up With New Bankruptcy Case Action
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
Expert Analysis
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Su... (more story)
A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treate... (more story)
The regulatory and litigation developments for California financial institutions in the fourth quarter of 2025 wer... (more story)
Large Cap More
A veteran member of the U.S. Trustee's Office who worked on high-profile Chapter 11 cases in Connecticut, including those involving Chinese exile Miles Guo and rapper 50 Cent, has joined Harris Beach Murtha Cullina PLLC.
A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.
Insolvent trucking company Yellow Corp. defended its settlements with 15 multiemployer pension funds to resolve about $7.4 billion worth of withdrawal liability claims after major shareholders objected that th... (more story)
A special master has said experts for the tens of thousands of women whose suits in New Jersey federal court allege that Johnson & Johnson talc products caused their ovarian cancer can testify at trial about t... (more story)
The unsecured creditors' committee in a Massachusetts-based real estate investment trust's Chapter 11 case balked at the debtor's push for final approval of its proposed $125 million post-petition financing ar... (more story)
A creditor of Anthology Inc. has asked a Texas bankruptcy judge to reject the educational technology company's Chapter 11 plan, saying it doesn't provide for money Anthology owes for the creditor's defense aga... (more story)
Imerys Talc, Cyprus Mines and some of their insurance carriers on Wednesday gave a preview of upcoming confirmation hearings on a joint Chapter 11 plan, with the talc companies arguing before a Delaware bankru... (more story)
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11... (more story)
The Archdiocese of San Francisco knew or should have known about sexual abuse allegations against its clergy dating back decades, two insurance companies have argued in a California bankruptcy court lawsuit ov... (more story)
A Texas bankruptcy judge on Tuesday signed off on Genesis Healthcare's roughly $1 billion sale of its assets to an affiliate of NewGen Health, about a month after the judge rejected a previous deal that would ... (more story)
Mid Cap More
A Delaware bankruptcy court Thursday gave final confirmation of a Chapter 11 plan proposed by iRobot Corp., the maker of the Roomba robot vacuum, that calls for eliminating $257 million in debt and transferrin... (more story)
The U.S. Trustee's Office objected to the proposed sale of Norcold LLC's assets to an insider, arguing that the debtor has not shown that the proposed transaction has been conducted fairly.
A Nevada solar project is seeking Chapter 11 protection in a Delaware bankruptcy court with more than $180 million in debt, saying the same technical issues that sent it into bankruptcy in 2020 have kept it fr... (more story)
Blue Cross Blue Shield is opposing a bankrupt Alabama hospital's bid to opt out of a $2.8 billion antitrust class action settlement to pursue its own claims in bankruptcy court, arguing the hospital has no exc... (more story)
The Department of Justice has notified the Delaware bankruptcy court that an evaluation of Roomba maker iRobot's proposed Chapter 11 plan transactions by the Committee on Foreign Investment in the U.S. could p... (more story)
Biotech company Alachua Government Services has won approval to enter into a $10.3 million stalking horse bid from Emergent Biosolutions Inc. for a line of monkey cells being used to develop a smallpox vaccine.
Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Ma... (more story)
The Ninth Circuit Tuesday reinstated a California woman's malpractice lawsuit against her bankruptcy attorney, but said the bankruptcy court needs to significantly narrow the permission to sue it granted to the debtor.
Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natur... (more story)
The chief legal officer at Frontier Communications is set to receive close to $2 million in severance after he and three other company executives resigned on Tuesday following Verizon's takeover of the nationa... (more story)