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A bid by Google to buy data from defunct Spirit Airlines could signal the opening of a new frontier for monetizing assets in bankruptcy cases, but there are questions about how useful the data will actually be to a buyer — especially if too much personally identifiable information ends up being purged due to privacy concerns, experts told Law360.
The U.S. House of Representatives passed a bill to restore higher debt limits for streamlined bankruptcies, jewelry house Lugano Diamonds obtained confirmation of its Chapter 11 plan and a Texas bankruptcy judge said she would approve a settlement in Genesis Healthcare's insolvency case.
A Los Angeles hospital will seek continued use of cash collateral, a Texas bankruptcy judge will consider lease rejections in a Tex-Mex chain's Chapter 7 and another will hold a status conference in the bankruptcy of Dish.
Inspired Healthcare on Tuesday asked a Texas bankruptcy judge to approve the sale of 30 of its senior living communities but to leave for later the question of how the $713 million in proceeds will be split am... (more story)
Bankruptcy and restructuring boutique Pachulski Stang Ziehl & Jones LLP announced Tuesday it has named its first firm chair, as one of its co-founder steps away from day-to-day management and the firm looks to... (more story)
The Ninth Circuit has named a longtime bankruptcy partner at the firm Downey Brand LLP to the bankruptcy bench in the Eastern District of California, the appellate court has announced.
If the Second Circuit hadn't stepped in and paused a New York federal court order commanding Nielsen Co. to provide its national ratings data separate from its local offerings, the company would have racked up... (more story)
The insolvent company that ran dozens of summer camps in several states is asking a New Jersey bankruptcy judge to find the financing agreements it had entered shortly before it sought Chapter 11 protection we... (more story)
FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at ... (more story)
The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to ... (more story)
Womble Bond Dickinson announced Monday that it has opened an office in Jacksonville, its first in Florida, with a three-member team of bankruptcy and restructuring attorneys anchoring the new location.
A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, accordi... (more story)
Claimants alleging they developed mesothelioma after working with asbestos-infused products made by CertainTeed have urged the U.S. Supreme Court to decide whether financially healthy corporations can use a "T... (more story)
A Delaware bankruptcy judge Tuesday signed off on SPI Solar's bid to take books and records from the solar company's former CEO and others, overruling the ex-executive's objection to the debtor's discovery motion.
Casual Southern dining chain Yardbird on Tuesday received a Delaware bankruptcy judge's interim approval to get a taste of its $5.4 million in Chapter 11 financing as the debtor prepares to run a sale process ... (more story)
Wendy's Co. told a Michigan bankruptcy court that one of its largest U.S. franchisees lost the right to operate 314 restaurants before filing for Chapter 11 protection, arguing that the franchise agreements ha... (more story)
A Missouri federal judge Monday partially granted a bid by 23andMe's bankruptcy trust to assess the value of data breach claims brought by the state of California, saying he would let the trust value the state... (more story)
Tubos, a steel pipe maker, received Chapter 15 recognition of its Spanish insolvency proceeding Monday at a hearing in Texas bankruptcy court.
A Delaware bankruptcy judge approved employee retention and executive incentive payments that could total up to $3.2 million as AI-bolstered pharmaceutical group BioXcel works to sell its assets in Chapter 11.
Elevated casual dining chain Yardbird Group LLC filed for Chapter 11 protection Monday in Delaware, listing $25 million of secured debt obligations and another $25 million in unsecured claims as it pursues a s... (more story)
The owner of over 300 Wendy's restaurants has filed for Chapter 11 bankruptcy protection in Michigan with $10 million to $50 million in debt after years of shrinking margins.
Exxon-acquired company InterOil's founder has urged the Fifth Circuit to reverse his $210 million loss in a lengthy Texas battle with a Swiss financier, arguing it resulted from a "lopsided" trial with sleepin... (more story)
A New York bankruptcy judge rejected a U.S. Trustee's Office request to appoint a trustee in the Chen Foundation's Chapter 11 as the bankrupt owner of a mixed use building in Manhattan's SoHo neighborhood look... (more story)
Michael Rosenblum and Jake Schwartz
As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries... (more story)
Jon Labovitz
The broader adoption of the Uniform Assignment for the Benefit of Creditors Act, including Delaware's recent statu... (more story)
David Wender, Sameer Alifarag and Zachary Sipala
A recent Puerto Rico bankruptcy court decision in Grupo Hima San Pablo has provided important guidance and a concr... (more story)