New Orleans Diocese's $230M Ch. 11 Deal To Face Lender Fire
After five years in bankruptcy, the New Orleans Catholic diocese is heading for a high-stakes, multiday trial on its Chapter 11 plan on Monday with the support of sexual abuse claimants who cut a $230 million deal for survivors, but strong opposition from bondholders facing a more than $20 million haircut.
What's Happening In Bankruptcy Court This Coming Week
The Roman Catholic Archdiocese of New Orleans, Yellow Corp. and 23andMe will each go before a bankruptcy judge over the coming week to seek Chapter 11 plan confirmation.
Texas' Bankruptcy Judge Romance Scandal, 2 Years Later
It's been more than two years since the news of the undisclosed romantic relationship between former U.S. Bankruptcy Judge David Jones and former Jackson Walker attorney Elizabeth Freeman rocked Houston's popular bankruptcy court.
New Orleans Diocese's $230M Ch. 11 Deal To Face Lender Fire
After five years in bankruptcy, the New Orleans Catholic diocese is heading for a high-stakes, multiday trial on its Chapter 11 plan on Monday with the support of sexual abuse claimants who cut a $230 million deal for survivors, but strong opposition from bondholders facing a more than $20 million haircut.
What's Happening In Bankruptcy Court This Coming Week
The Roman Catholic Archdiocese of New Orleans, Yellow Corp. and 23andMe will each go before a bankruptcy judge over the coming week to seek Chapter 11 plan confirmation.
Texas' Bankruptcy Judge Romance Scandal, 2 Years Later
It's been more than two years since the news of the undisclosed romantic relationship between former U.S. Bankruptcy Judge David Jones and former Jackson Walker attorney Elizabeth Freeman rocked Houston's popular bankruptcy court.
Expert Analysis
Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit the... (more story)
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be... (more story)
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying l... (more story)
Large Cap More
A New Jersey bankruptcy judge ordered Chinese state-owned construction firm CCA Construction to engage in mediation with BML Properties, the developer of the Baha Mar resort in the Bahamas, as BML seeks to enf... (more story)
Mawson Infrastructure Group has accused its former CEO in Delaware's Chancery Court of concealing the bitcoin mining company's deteriorating finances and the collapse of a key prospective contract so he could ... (more story)
Lenders of First Brands are arguing to a Texas bankruptcy judge that the company's financing entities need their own separate attorneys in the auto parts maker's Chapter 11 case, citing concerns about conflicts of interest.
Ronit Berkovich of Weil Gotshal & Manges LLP's bankruptcy practice ascended to co-chair of her team and helped guide Avon Products through a roughly $1.3 billion Chapter 11 case to plan confirmation, earning h... (more story)
A New York bankruptcy judge agreed to confirm the $7.4 billion Chapter 11 plan of Purdue Pharma LP on Friday, saying he would issue a formal bench ruling next Tuesday explaining his decision.
Weil Gotshal & Manges LLP, representing Steward Health Care in its Chapter 11 bankruptcy, and Akin Gump Strauss Hauer & Feld LLP, representing the hospital operator's committee of unsecured creditors, defended... (more story)
A New York bankruptcy judge heard statements from more than a dozen opioid personal injury claimants objecting to the Chapter 11 plan of OxyContin maker Purdue Pharma Thursday as the pro se objectors shared co... (more story)
In October 2023, the Southern District of Texas' rising bankruptcy court was shaken by the sudden resignation of then-U.S. Bankruptcy Judge David R. Jones, after a lawsuit and media reports revealed he had bee... (more story)
A Texas federal judge has paused a number of settlements between Jackson Walker LLP and former clients, criticizing the firm for trying to undermine the U.S. Trustee's investigation into alleged malpractice st... (more story)
James Bromley, a partner at Sullivan & Cromwell LLP, has handled some of the country's largest and most complex bankruptcy cases in the past year — including FTX Trading Ltd., SVB Financial Group and Diamond S... (more story)
Mid Cap More
A Texas bankruptcy judge has granted the Chapter 15 petition of the United Kingdom unit of jewelry maker Fossil, giving U.S. recognition of a deal that will restructure $150 million in unsecured notes, drum up... (more story)
The liquidating trustee for bankrupt drug developer Tricida has filed a complaint in Delaware Chancery Court accusing seven former executives and directors, along with an investment firm, of systematically str... (more story)
Former banking middleware firm Synapse Financial Technologies Inc.'s Chapter 11 has been dismissed by a California bankruptcy judge after the debtor said it didn't have the funds to try to sell its assets again.
A Texas bankruptcy judge on Thursday significantly trimmed a request by Merit Street Media to pay administrative expenses in its bankruptcy case, expressing concern that the company is appealing its case's Cha... (more story)
A Texas bankruptcy judge on Thursday approved casino operator Maverick Gaming's sales of a casino in Colorado for $25.5 million and card rooms in Washington state, months after the company received permission ... (more story)
A Delaware bankruptcy judge on Thursday approved the Chapter 11 plan of the parent company of failed cryptocurrency-focused Silvergate Bank after hearing the company had resolved all objections to the proposal.
A Bermuda mining company has sued a Canadian counterpart in the Delaware Chancery Court for allegedly using insider information from a confidential bidding alliance to switch sides in a court-run auction of Ci... (more story)
A federal judge on Thursday denied efforts to unseat him and the court-appointed special master overseeing the sale of Citgo's parent company to satisfy billions of dollars in Venezuelan debt, ruling that the ... (more story)
A California bankruptcy judge agreed Wednesday to postpone dismissing the Roman Catholic Diocese of Oakland's Chapter 11 case for two more weeks, after a mediator overseeing plan discussions said there was a "... (more story)
MMA Law has urged a Texas bankruptcy court to approve two new settlements with other law firms to resolve its claims that the firms were holding on to money MMA was owed for representing Louisiana hurricane victims.