The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $1... (more story)

The bankrupt Norwich Roman Catholic Diocesan Corp. has reached a settlement with its insurer in a Connecticut state court lawsuit alleging the insurer improperly bailed on defense coverage for a sexual abuse c... (more story)

An attorney for Nielsen urged a Second Circuit panel Thursday to undo an order, which is currently stayed, effectively blocking it from conditioning media company Cumulus' access to national radio ratings data... (more story)

Textile developer Lycra received confirmed Thursday from a Texas bankruptcy judge for its restructuring plan, which calls for erasing $1.2 billion of debt from its balance sheet, capping a quick trip through Chapter 11.

Mexico-based marine oil rig service company DEMAR Instaladora y Constructora SA de CV has asked a Texas bankruptcy court to recognize its Mexican bankruptcy proceeding, saying that it spiraled financially afte... (more story)

A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "ma... (more story)

Manhattan federal prosecutors said sentencing for the former chief revenue officer of the defunct cryptocurrency firm Celsius Network should reflect that the executive provided "substantial assistance" to the ... (more story)

First Brands Group lender Aequum Capital has urged a Texas bankruptcy judge to reject unsecured creditors' bid to extend a deadline for their investigation into liens that Aequum asserted, saying the creditors... (more story)

An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed c... (more story)

Textile developer The Lycra Co. LLC urged a Texas bankruptcy judge to confirm its Chapter 11 plan, saying it recently reached a deal with a subset of creditors to support the plan cutting $1.2 billion from its balance sheet.

A New York bankruptcy judge Thursday told former talc miner Vanderbilt Minerals it can accept a $64 million bid for its mines and said she will give interim approval for $15 million in new Chapter 11 financing from the buyer.

A Delaware bankruptcy judge on Thursday signed off on a request by US Magnesium's unsecured creditors to solicit votes on a Chapter 11 liquidation plan, months after the defunct mineral supplier sold most of i... (more story)

Connecticut Healthcare Insurance Co., a Cayman Islands insurance company indirectly owned by bankrupt hospital chain Prospect Medical Holdings, received provisional relief Thursday for its Cayman wind-up proce... (more story)

The Office of the U.S. Trustee opposed the Chapter 11 disclosure statement of a bankrupt Alaska-based airline, saying it lays out a "fundamentally unfair" process for creditors to object if the debtor tries to... (more story)

Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its ... (more story)

The International Union of Police Associations AFL-CIO received approval Wednesday in Florida bankruptcy court to modify the automatic stay in its Chapter 11 case to pursue its appeal of an adverse state court... (more story)

Bankrupt battery recycler Ascend Elements Inc. asked a Texas court for approval of a $30 million new money debtor-in-possession loan, with approximately $18 million earmarked for what it says is a crucial land... (more story)

Scarinci Hollenbeck LLC has announced a slate of attorney hires, with two partners, a counsel and a senior associate adding to its bench in bankruptcy, corporate transactions, litigation and other practice areas.

Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.

A Delaware bankruptcy judge on Wednesday extended provisional protection to the U.S. assets of Quebec office furniture maker Bestar as it seeks U.S. recognition of its Canadian liquidation proceedings.