Large Cap More

Simpson Thacher Caused 'Chaos' With Deal, Jury Hears

The former chief financial officer of Patriot National Inc. testified to a Florida jury Tuesday that "chaos" broke loose as a fundraise that Simpson Thacher helped steward for the insurance services company hi... (more story)

A&O Shearman Hires Davis Polk Restructuring Pro In NY

Allen Overy Shearman Sterling has hired a former Davis Polk & Wardwell LLP counsel as a restructuring partner in New York.

Spanish Auto Parts Maker For Ford, GM, Hyundai Seeks Ch. 15

Spanish auto parts maker Grupo Antolin, which supplies interior components to major automakers including Ford Motor, General Motors and Hyundai Motor, on Monday asked a New York bankruptcy judge for U.S. recog... (more story)

DOJ Hints Russian Court Ruling May Not Stop $5B Award

The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)

Celsius' Goldstein Owes $2M, Banned From Crypto Trading

The former chief technology officer of Celsius Network must pay more than $2 million to the Federal Trade Commission as part of a settlement alleging the company's leaders knowingly made false statements to cu... (more story)

Judge Mulls Privilege Ahead Of First Brands Ch. 11 Plan Trial

Creditors on Monday called for First Brands to produce more information about litigation claims at the heart of its proposed Chapter 11 plan before a multiday confirmation hearing next week in Texas bankruptcy court.

California Can't Move SunPower Tax Fight Out Of Ch. 11

A Delaware bankruptcy judge on Monday rejected a request by the state of California to transfer its tax audit dispute with solar panel company SunPower to a state administrative forum, keeping the matter in th... (more story)

Simpson Thacher Points To Audit Issues In Malpractice Trial

A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flo... (more story)

Insurance Broker GoHealth Gets OK For $762M Ch. 11 Plan

A Delaware bankruptcy judge Monday confirmed health insurance brokerage GoHealth's Chapter 11 plan, allowing the debtor to refinance $762 million in debt and transfer equity to its lenders, six weeks after the... (more story)

Fed. Circ. Told Decision Clearing Sirius In Patent Case Flawed

German research institute Fraunhofer-Gesellschaft has urged the Federal Circuit to revive its patent suit against SiriusXM, saying a lower court made various errors when deciding that the satellite radio giant... (more story)

Mid Cap More

Alachua's Ch. 11 Liquidation Approved With DOD Claim Deal

Biotechnology group Alachua Government Services received confirmation Tuesday of its Chapter 11 plan from a Delaware bankruptcy judge after reaching an agreement to resolve a dispute over a $147 million claim ... (more story)

Med Spa Owner GVO Gets OK To Shift To Ch. 7 Liquidation

A Delaware bankruptcy judge on Tuesday greenlighted GVO Partners' request to convert its Chapter 11 case to a Chapter 7 liquidation after counsel for the medical spa firm reported that the debtor had run out of cash.

Vending Co. Boss Accused Of $200M Scam Faces 2027 Trial

A New York federal judge Monday set a 2027 trial date for the former owner of a now-bankrupt water vending company accused of a $200 million Ponzi scheme backed in part by a large-scale bond fraud that bilked ... (more story)

Creditor Says Med Spa Owner Needs Ch. 11 Trustee

A secured creditor of medical spa management and investment firm GVO Partners has urged a Delaware bankruptcy judge to place the debtor's estate in the hands of a Chapter 11 trustee, alleging mismanagement of the company.

Jackson Walker, US Trustee Denied Delay In Romance Dispute

Jackson Walker LLP and the U.S. Trustee's Office, grappling with the aftermath of a romantic relationship between one of the firm's former partners and a then-bankruptcy judge, will not be able to delay pretri... (more story)

NYC Building Owner Seeks $8.6M Ch. 11 Sale Approval

New York luxury property broker Ilan Bracha is under contract to buy a Manhattan mixed-use building in a bankruptcy for at least $8.6 million, after the death of a property owner in 2024 triggered a foreclosur... (more story)

Insurance Co. Alea Holdings Hits Ch. 11 With $280M In Debt

Alea Holdings US Co., a unit of Bermuda-based insurance group Catalina Holdings, has filed for Chapter 11 protection in a Texas bankruptcy court with roughly $280 million in funded debt, saying it plans to use... (more story)

Judge Blocks RH Capital's $23M Debt Demands As 'Disruptive'

A Federal Court judge has set aside statutory demands issued by investment firm RH Capital seeking repayment of $23 million owed by two 3D printing companies in receivership, calling the decision to serve the ... (more story)

Real Estate Recap: Office-To-Resi Woes, Prefab Housing Wins

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney reactions to the structural issues at the old Pfizer building in New York, a Big Law partner's view... (more story)

SIMAD Scores Bids For 2 More Summer Camps In Ch. 11

Summer camp holding company SIMAD has asked a New Jersey bankruptcy judge to sign off on new stalking horse offers totaling over $30 million to set the floor for a Chapter 11 auction of two of its New York summer camps.

Expert Analysis

Yellow Corp. WARN Act Appeal Refines Layoff Guidance

A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustm... (more story)

Tips For Investors, Creditors Before Venezuela Restructuring

As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt rest... (more story)

What PE Practitioners Need To Know About New Del. ABC Act

Delaware's new Assignment for the Benefit of Creditors statute represents a structural shift in how companies back... (more story)