Large Cap More

First Brands, Objectors Trade Final Arguments On Ch. 11 Plan

Auto parts maker First Brands Group told a Texas bankruptcy judge Friday its Chapter 11 plan is reasonable and offers creditors the best chance of recovering on billions of dollars worth of claims, defending t... (more story)

Bank Seeks Ch. 11 Interest In Inspired Healthcare Bankruptcy

Pinnacle Bank has asked a Texas bankruptcy judge to allow claims for at least $1.6 million in post-petition interest and fees in Inspired Healthcare Capital Holdings LLC's bankruptcy, saying its loans are over... (more story)

Judge Tosses Nuclear Power Wage-Fixing Case, For Now

A Maryland federal court tossed a proposed class action accusing nuclear energy producers including Constellation Energy, DTE Energy and Duke Energy of fixing wages, after finding the claims came too late.

KPMG Must Face Beefed Up Investor Suit Over SVB Failure

A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2... (more story)

Survivors Sue Vermont Catholic Parishes For $405M In Assets

The official committee of unsecured creditors for the Roman Catholic Diocese of Burlington, Vermont, has brought a lawsuit against the diocese and the parishes and schools that fall under its authority, arguin... (more story)

Freedom Forever Ch. 7 Shift OK'd With Reporting Terms

A Delaware bankruptcy judge said he would approve the Chapter 7 conversion of the bankruptcy of solar power company Freedom Forever after the debtor adds language on its turnover and reporting requirements, as... (more story)

No Simpson Thacher Malpractice In PIPE Case, Jury Finds

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

Hughes Creditors Seek Probe Of $1.5B EchoStar Transfers

A group of noteholders of insolvent telecommunications company Hughes Satellite has asked a Texas bankruptcy court to allow the appointment of an examiner to investigate $1.5 billion in transactions that credi... (more story)

Wine And Spirit Distributor Gets 9-Member Creditor Committee

The Office of the U.S. Trustee on Thursday appointed nine members to the official committee of unsecured creditors in the Chapter 11 case of Republic National Distributing Co., a century-old alcohol distributor.

Suit Against Ex-Lumio Execs Will Stay In Delaware

A Delaware bankruptcy judge Thursday denied a request by former executives of solar panel provider Lumio Holdings to transfer a suit against them by the company's liquidating trustee to a Utah court.

Mid Cap More

Texas Trucking Co. Gets OK For Ch. 11 Plan Vote

A Texas bankruptcy judge has sent the Chapter 11 plan of trucking firm Balkan Express out for a creditor vote, following a two-day delay sparked by a lender objection.

Camp Mystic Seeks Stay For Suits Against Owners In Ch. 11

Texas summer camp operator Camp Mystic LLC is seeking to extend its Chapter 11 protection to managers and directors of the camp at the time of deadly floods in 2025, contending the charges against the individu... (more story)

Lender Asks To Block NYC Development's Counsel Bid

A lender to a bankrupt 900-unit housing development in New York City has urged a bankruptcy judge to deny the debtor permission to hire Goldberg Weprin Finkel Goldstein LLP, saying the firm's retainer was paid... (more story)

Real Estate Co. Gets Cash Use OK Amid $119M Credit Bid

A Lurin real estate entity secured a Texas bankruptcy court's permission Friday to use cash collateral from a lender that is planning to make a $118.6 million stalking horse credit bid on a St. Petersburg, Florida, property.

2nd Circ. Says Pillsbury Must Surrender $3.6M Retainer

Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a rul... (more story)

Litigation Firm MMA Confirms Chapter 11 Liquidation Plan

A Texas bankruptcy judge approved MMA Law Firm PLLC's Chapter 11 plan to shut down and liquidate more than two years after the embattled litigation and mass tort firm sought bankruptcy protection.

Lender YSA Kicks Off Ch. 11 Case With Sale, DIP Plans

A Delaware bankruptcy judge said Thursday that Chapter 11 cases launched by lending firm YSA Investments 1 and a slew of related companies should probably be brought together in a single court, after counsel f... (more story)

Camp Mystic Accused Of 'Forum Shopping' With Flooding Suit

The parents of a child swept away by floodwaters at Camp Mystic last year are asking a Texas federal court to send their wrongful death suit against it back to state court, saying the camp is "forum shopping" ... (more story)

Hormone Therapy Co. Gets 2-Member Creditors Committee

The Office of the U.S. Trustee on Thursday appointed two members to the official committee of unsecured creditors in the Chapter 11 case of hormone therapy company SynergenX.

SiFi Networks Gets OK For $5.85M Sale To Stalking Horse

A Delaware bankruptcy judge on Thursday approved an asset sale by the privately owned telecommunications company SiFi Networks America LLC to its stalking horse bidder ArcLink Fiber LLC.

Expert Analysis

QVC Ch. 11 Confirmation Shows Independent Directors' Value

QVC's recently confirmed Chapter 11 plan joins a growing body of restructuring precedent demonstrating that well-f... (more story)

Teaching SEC Investigations Makes Me A Better Lawyer

Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)

Why The 2nd Circ. Upheld Beneficial Ownership Blockers

The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)