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Genesis Says $150M Deal Sets Up Chapter 11 Exit

Nursing home operator Genesis Healthcare sought emergency approval of a settlement that would bring in $150 million, eliminate almost $431 million in claims and secure creditors' support for a plan to exit its... (more story)

Alcohol Distributor Strikes Creditor Deal On $75M DIP

A Texas bankruptcy judge Monday gave final approval to Republic National Distributing's $75 million in Chapter 11 financing after being told the alcohol distributor had reached a deal with creditors to increas... (more story)

Judge Says Risky Investments Wipe SVB's $1.7B FDIC Claim

A California federal judge has ruled that a $1.7 billion claim by the parent of the failed Silicon Valley Bank against the Federal Deposit Insurance Corp. is more than offset by the more than $5 billion the pa... (more story)

Buffalo Diocese Gets OK To Solicit Ch. 11 Plan Votes

A New York bankruptcy judge gave the Diocese of Buffalo permission to take its proposed Chapter 11 plan before creditors for a vote, after previously sending the debtor back to the drawing board over opt-outs in the plan.

Buchanan Adds Shareholder In NJ From Offit Kurman

Buchanan Ingersoll & Rooney PC has added an attorney to its Princeton, New Jersey, office from Offit Kurman to help bolster its capacity to handle bankruptcy and creditors' rights matters.

Loss Of Key Deal Sends Defense Contractor Noble Into Ch. 11

Boston-based defense contractor Noble Supply & Logistics filed for Chapter 11 in Delaware with $542 million in debt after a quick expansion and the loss of major government contracts left it with limited liquidity.

Meet The Attorneys Guiding Creditors Of DAMIS Holdings

A dozen attorneys from Paul Hastings LLP and Connell Foley LLP are representing the official committee of unsecured creditors in the Chapter 11 of real estate company DAMIS Holdings, which filed for bankruptcy... (more story)

AI-Bolstered Drug Co. Hits Ch. 11 With $105M Debt

A company that uses artificial intelligence to explore new uses for existing drugs entered bankruptcy in Delaware with over $104 million in debt and a stalking horse bidder.

Polish Solar Co. GoldenPeaks Confirms Ch. 11 Wind Down

A Texas bankruptcy judge on Friday agreed to confirm energy group GoldenPeaks Poland's Chapter 11 plan, which will see it liquidate after an asset sale to its largest creditor, Brookfield Asset Management Ltd., closes.

US Trustee Calls Out Releases In Alkegen Ch. 11 Plan

The U.S. Trustee's Office has objected to the Chapter 11 plan and disclosure statement of specialty materials maker Alkegen, telling a Texas bankruptcy court that the plan includes impermissible opt-out, third... (more story)

Mid Cap More

Nuvo's $9.75M D&O Deal Ends US-Israel Bankruptcy Clash

Bankrupt pregnancy-technology firm Nuvo Group and an Israeli court-appointed trustee tasked with liquidating it reached an agreement that resolves their cross-border disputes by using a $9.75 million settlemen... (more story)

Meyer Unkovic Discovery Bid Partly Granted

A Pennsylvania federal magistrate judge partly granted Meyer Unkovic & Scott LLP's bid for discovery in a malpractice suit over a $3.3 million default judgment that was later thrown out, ruling the firm can ob... (more story)

US Magnesium Says Banker Miscalculated Ch. 11 Fees

Reorganized debtor US Magnesium has objected to the final fee application of its investment banker in Delaware bankruptcy court, saying the adviser miscalculated the fees it is owed by including transaction fe... (more story)

Lurin Gets OK To Sell 2 Fla. Apartment Complexes For $42.2M

A Texas bankruptcy judge on Friday greenlighted property developer Lurin Real Estate Holdings' sale of two apartment complexes in Florida for a combined $42.2 million.

Texas Senior Community Gets OK On Ch. 11 Liquidation Plan

A Texas bankruptcy judge on Thursday signed off on Houston-based senior living community The Buckingham's Chapter 11 plan, overruling unsecured creditors' objections to legal releases and exculpations.

EV-Maker SPAC Investors Reach $4M Chancery Settlement

Former stockholders of the special purpose acquisition company that took electric vehicle manufacturer Lion Electric public have agreed to a $4 million cash settlement with seven individuals who served as Nort... (more story)

23andMe Judge Slows Estimation Of Calif. Data Breach Claim

A Missouri bankruptcy judge ruled Thursday he would split a process for dealing with data breach claims brought by the state of California against 23andMe into two stages, saying he would first decide whether ... (more story)

Salad Chain Gets OK For Lease Auction, New Ch. 11 Loan

A Texas bankruptcy judge on Thursday gave drive-thru chain Salad and Go permission to take out replacement Chapter 11 financing on new terms and put about 130 leases up for auction, including 65 originally sla... (more story)

Real Estate Holding Co. Gets 3-Member Creditors Committee

DAMIS Holdings LLC, the bankrupt real estate holding company tied to a summer camp empire at the center of a complex Chapter 11 proceeding, will have a three-member official committee of unsecured creditors, a... (more story)

Womble Bond Adds Bankruptcy Atty From Raines Feldman

Womble Bond Dickinson announced Thursday it has added an attorney from Raines Feldman Littrell LLP in its Delaware office to bolster its finance, bankruptcy and restructuring group.

Expert Analysis

Taekwondo Makes Me A Better Lawyer

Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and tha... (more story)

New Fortress Ch. 15 Adds Fuel To English Restructuring Trend

After New Fortress Energy recently became the third Nasdaq-listed company to successfully undertake an English res... (more story)

Early Action Can Benefit Distressed Restaurant Franchisees

As rising costs put increased pressure on restaurants, as evidenced by recent bankruptcy filings by Popeyes, Farme... (more story)