BioXcel's Ch. 11 Stayed Securities Settlement, Judge Says
BioXcel Therapeutics' Chapter 11 filing paused a securities class action against it, a Delaware bankruptcy judge ruled Monday, after a federal court had pressed the life sciences group for a more detailed time... (more story)
Inspired Healthcare Gets OK For $713M Sale
A Texas bankruptcy judge Monday gave Inspired Healthcare the go-ahead to sell 30 of its senior living communities for $713 million after being told objections to how the sale proceeds will be handled will them... (more story)
IRS Loses Bid For Tax Withholdings In Ch. 11 Camp Sales
A New Jersey bankruptcy judge determined on Monday that the buyers of seven summer camps owned by Simad Holdings Ltd. need not withhold taxes under rules governing the sale of U.S. property by foreign owners, ... (more story)
5th Circ. Stays Barretts Talc Trial Ahead Of Arguments
The Fifth Circuit has agreed to pause a Texas federal court trial on whether talc sold by Barretts Minerals Inc. contained cancer-causing asbestos, saying it would hear argument in December on talc claimants' ... (more story)
High Court Won't Consider $30M Argentine Bondholder Claim
Argentine bondholders claiming the Second Circuit wrongly upheld a block of over $30 million in contractual claims against Argentina won't get a chance to argue their stance at the U.S. Supreme Court, as the j... (more story)
High Court Won't Hear Madoff Feeder Funds' Clawback Appeal
The U.S. Supreme Court on Monday denied certiorari to a group of feeder funds that invested in the Ponzi scheme of Bernard L. Madoff, which sought to challenge a Second Circuit ruling that found their $6 billi... (more story)
Telecom Group Scores $6M Claim In Franchise Group Ch. 11
A Delaware bankruptcy judge Friday said Granite Telecommunications can proceed with its $5.8 million administrative expense claim against Franchise Group Inc., overruling the reorganized retail chain owner's p... (more story)
Venezuela Seeks Pause In 3rd Circ. Appeal Of Citgo Sale
Venezuela has asked the Third Circuit to pause its appeal of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo just weeks before scheduled oral arguments that were already delayed, poi... (more story)
Spirit Data Sale Creates 'Perverse' Incentive, Amici Say
The Electronic Privacy Information Center, a Washington-based public interest group, is seeking to intervene on behalf of flight attendants in the bankruptcy of Spirit Airlines, saying that a proposed sale of ... (more story)
Jackson Walker May Face New Sanctions Over Old Romance
A Texas bankruptcy judge Friday threatened Jackson Walker LLP with sanctions over yet another bankruptcy case where the firm's retention was approved by a judge in a relationship with a former attorney at the firm.