Meet The Attys In Biotech Biz Finch's Ch. 11
A team of attorneys from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP is steering the Chapter 11 case of Finch Therapeutics, a company that develops treatments to improve the health of the body's microbiome.
Bankruptcy Financing Becomes New Front For Lender Battles
Lender-on-lender brawling that normally occurs out of court is increasingly unfolding in the Chapter 11 financing arena, forcing bankruptcy judges to reckon with in-court deals that use aggressive liability management tactics to promote certain investors over others.
Ch. 11 Cases Follow Auto Loan Fraud Claims From Stellantis
Two new Chapter 11 cases have come on the heels of a lawsuit brought by a Stellantis unit, which alleged the debtors committed auto lending fraud by double-pledging collateral and keeping a fake set of books intended to dupe the lender into providing more financing.
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Crypto lender Genesis told a New York bankruptcy judge that its parent company, crypto conglomerate Digital Currency Group Inc., should not be able to argue that it has no further obligations under a $1.1 bill... (more story)
Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be ... (more story)
Ice Miller LLP announced Wednesday that it hired a five-attorney bankruptcy and restructuring team from Potter Anderson & Corroon LLP to help expand its recently opened office in Wilmington, Delaware.
Ashurst LLP has announced the addition of a four-partner team in New York to expand its finance and restructuring capacities ahead of a proposed merger with Perkins Coie LLP.
Satellite operator Inmarsat has objected to a bid by bankrupt telecom company Ligado Networks LLC to delay a $100 million payment to Inmarsat, saying the pledged payment is unconditional.
A Delaware federal judge on Tuesday said German research institute Fraunhofer-Gesellschaft's delay in bringing a patent suit against SiriusXM was fatal to its claims, after the Federal Circuit previously said ... (more story)
A Texas bankruptcy judge Tuesday gave Genesis Healthcare permission to pay up to $7.3 million in bonuses to executives and other employees, agreeing with the nursing home chain that the workers are needed to k... (more story)
Beasley Allen urged the New Jersey Supreme Court to hear its appeal of a lower court's decision to disqualify it from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby ... (more story)
First Brands has asked a Texas bankruptcy judge to let the auto parts supplier wind down some of its remaining businesses, including several brake components brands and its Autolite spark plug unit.
A federal judge in Manhattan on Monday ordered incarcerated FTX founder Sam Bankman-Fried to reveal how much, if any, attorney help he had in drafting his motion for a new trial, saying criminal defendants don... (more story)
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Investors in bankrupt electric vehicle company Arrival have gotten final approval for their nearly $13.3 million deal ending claims the company touted a purportedly profitable business plan as it went public v... (more story)
Two taxpayer groups and a tax counsel association urged the U.S. Supreme Court to hear a woman's appeal over liabilities triggered by a fraudulent preparer, arguing the Third Circuit decision in the case misre... (more story)
Former CEOs of bankrupt electric-truck maker Nikola Corp. can't hit pause on proposed investor class action claims they face while related claims against the company are stayed amid its bankruptcy proceedings,... (more story)
Microbiome treatment developer Finch Therapeutics told a Delaware bankruptcy judge Wednesday that its lack of income or ability to collect on a patent judgment justified its Chapter 11 filing despite a lack of secured debts.
A Delaware bankruptcy judge on Wednesday said he would approve Alaska-based airline operator Float Alaska's request for permission to sell aircraft, spare parts and an affiliate for more than $20 million.
The foreign representative for Cannabist Company Holdings Inc., a purveyor of cannabis products, asked a Delaware bankruptcy judge Wednesday to recognize the company's Canadian insolvency in U.S. courts as it ... (more story)
A Delaware bankruptcy judge on Tuesday delayed a fight over the conversion of government contractor Team Systems International's bankruptcy case until July so it can be heard alongside a fraudulent transfer tr... (more story)
The U.S. Supreme Court heard arguments Tuesday over whether the Fifth Circuit erred in letting judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after failing to disclose the claim to a b... (more story)
The Fourth Circuit on Tuesday affirmed a jury verdict finding a Chinese pool parts company liable for falsely advertising its products as made in the USA as part of a larger judgment favoring a North Carolina ... (more story)
A bankrupt resort residence complex on the Caribbean island and British Overseas Territory of Anguilla asked a Delaware judge to approve a settlement with various parties including a family who alleged their c... (more story)