Large Cap More

2nd Circ. Says FDIC Need Not File Claim To Save SVB Setoff

The Federal Deposit Insurance Corp. is not required to file a claim in the bankruptcy case of Silicon Valley Bank's former parent to preserve its defensive setoff rights, the Second Circuit found Wednesday, de... (more story)

LIV Golf Tees Up Speedy Ch. 11 Plans Backed By New Investor

A New Jersey bankruptcy judge Wednesday authorized LIV Golf to access $14 million of a roughly $50 million debtor-in-possession loan from Saudi Arabia's sovereign wealth fund, as the league looks to quickly se... (more story)

Spirit, Honeywell Spar Over Spare Parts Ownership In Ch. 11

Spirit Airlines, its lenders and Honeywell Technologies spent Wednesday arguing before a New York bankruptcy judge over whether the bankrupt airline has to turn over hundreds of spare airplane parts to the manufacturer.

Texas Justices Reject Sandy Hook Families' Infowars Appeal

The Texas Supreme Court on Wednesday denied Sandy Hook families' requests to dissolve lower appeals court orders that stopped a court-appointed receiver from assuming control of bankrupt commentator Alex Jones... (more story)

Ex-SDNY Judge Joins Zaiger Linden After Joseph Hage Closure

Commercial litigation boutique Zaiger Linden Roberti & Pepe LLC announced this week that it has hired a former U.S. bankruptcy judge for the Southern District of New York who most recently worked at now-shutte... (more story)

Chinese Real Estate Co. Seeks Ch. 15 In Latest Restructuring

Chinese real estate services group E-House asked a New York bankruptcy judge to recognize a Cayman Islands restructuring addressing over $900 million in debt, marking its third Chapter 15 petition since 2022.

Watchdog Defends Standing In Jackson Walker Fees Case

A Texas bankruptcy judge will make a finding on the U.S. Trustee's Office's authority to seek to have attorney fees clawed back from Jackson Walker LLP, after hearing the watchdog argue Wednesday that its publ... (more story)

Sugar Co. Gets US Nod For Brazilian Restructuring Plan

A New York bankruptcy judge has given U.S. recognition and enforcement to Grupo Virgolino de Oliveira's amended Brazilian reorganization plan, a move the sugar grower and processor called a final step in its restructuring.

Dish Wireless Creditors Seek Ch. 11 Trustee Over Conflicts

The official committee of unsecured creditors in the Chapter 11 cases of Dish DBS Corp. and affiliate Dish Wireless have asked a Texas bankruptcy judge to appoint a Chapter 11 trustee to manage the wireless de... (more story)

LIV Golf Hits Ch. 11 After Losing Saudi Backing

LIV Golf filed for Chapter 11 protection in New Jersey bankruptcy court Tuesday with more than $500 million in debt after losing the financial backing of Saudi Arabia's Public Investment Fund, saying it plans ... (more story)

Mid Cap More

Ex-Nikola CEO's Pardon Doesn't Let Him Beat Investor Suit

The presidential pardon Nikola founder Trevor Milton received for his criminal conviction on securities fraud charges does not bar him from facing similar civil claims alleging he and the electric-vehicle star... (more story)

Pa. Ch. 7 Judge Pans NJ AG In Remanding 'Ghost Gun' Suit

A Pennsylvania federal bankruptcy judge says an alleged seller of "ghost gun" kits improperly tried to remove a civil suit filed by the New Jersey Attorney General's office to his court, but chided the AG for ... (more story)

Dolphin Co. Can Sell Park In Mexico After Losing Larger Deal

The parent company of wildlife adventure business The Dolphin Co. secured a Delaware bankruptcy judge's permission Wednesday to sell an adventure park housing dolphins and sea lions for $2 million after a deal... (more story)

Mass. Justices Probe $8M Waterfront Sale To Audubon Group

A justice on Massachusetts' top court asked Wednesday whether a court-appointed receiver had a duty to investigate more lucrative offers before selling an 18-acre abandoned industrial site to a nonprofit that ... (more story)

Defense Contractor Floats Oct. Asset Auction In Ch. 11

U.S. military contractor Noble Supply & Logistics LLC asked a Delaware bankruptcy judge to approve bidding procedures calling for an auction of the company's assets in October, with the sale to close by Nov. 13.

Nursing Home Buyer $6M Short Of Covering Unpaid Debt

New York nursing home operator Cold Spring Acquisition, its creditors and the facility's buyer informed a bankruptcy judge Tuesday they will meet Thursday to try to resolve $13.5 million in mortgage arrears th... (more story)

Conn. Justice Says $87M Telecom Bid 'Hard To Take Seriously'

A once-bankrupt telecommunications company's bid for more than $80 million in interest on top of a $3.6 million judgment seemed "absurd" to one Connecticut Supreme Court justice hearing a 16-year-old contract ... (more story)

Shipman & Goodwin Opens In Dallas With Restructuring Duo

Shipman & Goodwin LLP announced Tuesday that the firm has opened its first office outside the Northeast, expanding to Dallas with the hire of two restructuring attorneys from Ferguson Braswell Fraser Kubasta PC.

Retailer Francesca's Gets Approval For Ch. 11 Wind-Down

A New Jersey bankruptcy judge Tuesday confirmed the Chapter 11 plan of Francesca's, after counsel for the women's clothing retailer said the debtor had resolved all objections to its plan to liquidate its remaining assets.

Ex-Mobster's Red-Sauce Spot Is Latest Restaurant Ch. 11

The Kitchen Consigliere, an Italian restaurant in the suburbs of Philadelphia started by a convicted mobster, has filed for Chapter 11 bankruptcy in New Jersey with no assets and less than $500,000 in liabilit... (more story)

Expert Analysis

SVB Parent's Claim Loss To FDIC Bears Bond Wording Lesson

A North Carolina federal court’s recent ruling that the Federal Deposit Insurance Corp., as receiver for the colla... (more story)

How Subchapter V Bill May Change Restructuring Analysis

While a recently passed Senate bill would expand the pool of businesses eligible to use the streamlined Subchapter... (more story)

Ballet Makes Me A Better Lawyer

A lifetime of learning and performing ballet taught me that success — whether in dance or practicing law — comes o... (more story)