A Texas bankruptcy court will rule on whether to confirm car parts giant First Brands' contested Chapter 11 plan. Insurance group Hallmark Financial Services and a Polish solar energy project investor will ask bankruptcy judges to confirm their Chapter 11 plans. And a life sciences group will urge a court to halt pending litigation in the Cayman Islands.
Attorneys from DLA Piper are representing the official committee of unsecured creditors of information technology services provider TPx Communications, while attorneys from Haynes Boone and Davis Polk & Wardwell LLP represent an ad hoc group of lenders, as the company seeks to address roughly $1.1 billion in debt through Chapter 11.
The ousted CEO of an aquatic park operator made a bid to block an asset sale, real estate company Simry contended with a motion to dismiss its Chapter 11 from one of the business' controlling family members, and Burger King sued a bankrupt ex-franchisee for allegedly continuing to operate rogue locations without paying for intellectual property.