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Large Cap More

Dish Sues To Block Suits By 5G Network Providers

Dish Network is asking a Texas bankruptcy judge to freeze claims against its parent company stemming from Dish's abandoned attempt to launch a nationwide 5G network, saying they would drain resources needed fo... (more story)

QVC Shareholders Can't Stay Ch. 11 Plan

A Texas bankruptcy judge on Wednesday declined to pause home shopping company QVC Group's Chapter 11 plan, saying shareholders opposed to the plan have not made their case for a stay pending their appeal of its confirmation.

Spirit Can Sell NYC Gate Slots To JetBlue For $58.5M In Ch. 11

A New York bankruptcy judge Wednesday approved the sale of 22 gate slots at LaGuardia Airport to JetBlue for $58.5 million following a 14-hour auction as defunct Spirit Airlines liquidates in Chapter 11.

Co. Turned Away Simpson Thacher's Deal Meeting, Jury Told

A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance se... (more story)

Meet The Attys Guiding Sleep Number Creditor Group

The unsecured creditors committee for mattress company Sleep Number has tapped a team of lawyers from Pachulski Stang Ziehl & Jones LLP, as the debtor works its way through a Chapter 11 case it began in June.

Solar Co. Freedom Forever Can Pursue Fast Ch. 11 Sale

Solar panel installer Freedom Forever can move forward with an expedited Chapter 11 sale after an insider dropped a stalking horse bid and its creditors committee was given sole authority to determine whether ... (more story)

Linqto Sues To Force Trustee's Performance

Investment platform Linqto and its unsecured creditors committee sued the debtor's liquidating trustee, saying a Texas bankruptcy judge must make the trustee perform duties despite its refusal.

Sidley Conflicted In Genesis Adversary Suit, Investor Says

A Genesis Healthcare shareholder accused of manipulating the company into a deal that cost it $50 million has asked a Texas bankruptcy judge to disqualify Sidley Austin LLP from representing Genesis in an adve... (more story)

Simpson Thacher Caused 'Chaos' With Deal, Jury Hears

The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit p... (more story)

A&O Shearman Hires Davis Polk Restructuring Pro In NY

Allen Overy Shearman Sterling has hired a former Davis Polk & Wardwell LLP counsel as a restructuring partner in New York.

Mid Cap More

Restaurant Expansion Hastened NJ's Exit Zero Into Ch. 11

Mounting debt incurred from a small New Jersey publisher's expansion into a restaurant operation that was adversely affected by the COVID-19 pandemic, subsequent inflation, and rising operating costs led Exit ... (more story)

Gene Therapy Co. Inks Better Ch. 11 Financing Deal

Sangamo Therapeutics on Wednesday told a Delaware bankruptcy judge it has negotiated new Chapter 11 financing that will provide the biotechnology company with more money at a lower interest rate and asked perm... (more story)

Joonko Shareholders To Access Unsealed Fraud Report

A Delaware bankruptcy judge has allowed some shareholders of bankrupt AI staffing firm Joonko Diversity Inc. to subpoena the insolvency plan administrator for access to the unsealed version of a report investi... (more story)

Hudson Hotel Co. Wants Another Plan Deadline Extension

A company connected to the former Hudson Hotel in downtown Manhattan has asked the Delaware bankruptcy court to again extend the period in which only it can file a Chapter 11 reorganization plan, this time for... (more story)

Heritage Coal Trustee Says Ex-Owners Hid Fraud

The liquidating trustee for Heritage Coal and the company that acquired it has sued the mining firm's former owner in Delaware bankruptcy court, accusing them of costing the new owner millions of dollars by co... (more story)

Subprime Lender CashCall Hits Ch. 11 With Over $400M In Debt

CashCall Inc., a subprime lender that once made loans with interest rates exceeding 130%, has filed for Chapter 11 protection in a California bankruptcy court facing legal judgments that total more than $400 million.

Alachua's Ch. 11 Liquidation Approved With DOD Claim Deal

Biotechnology group Alachua Government Services received confirmation Tuesday of its Chapter 11 plan from a Delaware bankruptcy judge after reaching an agreement to resolve a dispute over a $147 million claim ... (more story)

Med Spa Owner GVO Gets OK To Shift To Ch. 7 Liquidation

A Delaware bankruptcy judge on Tuesday greenlighted GVO Partners' request to convert its Chapter 11 case to a Chapter 7 liquidation after counsel for the medical spa firm reported that the debtor had run out of cash.

Vending Co. Boss Accused Of $200M Scam Faces 2027 Trial

A New York federal judge Monday set a 2027 trial date for the former owner of a now-bankrupt water vending company accused of a $200 million Ponzi scheme backed in part by a large-scale bond fraud that bilked ... (more story)

Creditor Says Med Spa Owner Needs Ch. 11 Trustee

A secured creditor of medical spa management and investment firm GVO Partners has urged a Delaware bankruptcy judge to place the debtor's estate in the hands of a Chapter 11 trustee, alleging mismanagement of the company.

Expert Analysis

$400M Serta Ruling Offers Warning On Uptier Deal Risks

A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and... (more story)

Yellow Corp. WARN Act Appeal Refines Layoff Guidance

A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustm... (more story)

Tips For Investors, Creditors Before Venezuela Restructuring

As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt rest... (more story)