Large Cap More

777 Partners Gets OK On $10M DIP From Leadenhall

Investment firm 777 Partners secured a Texas bankruptcy judge's approval Monday to borrow $10 million in Chapter 11 financing from Leadenhall Capital Partners LLP, defeating an objection by an existing investo... (more story)

Logan Seeks US Nod For $11.9B Hong Kong Restructuring

The Chinese real estate developer Logan Group Co. Ltd. on Monday asked a Texas bankruptcy court for U.S. recognition of an $11.9 billion debt restructuring scheme in Hong Kong and the Cayman Islands.

Katerra Inks Deal Clawing Back $560K In Jackson Walker Fees

The administrator for construction startup Katerra Inc.'s Chapter 11 plan has told a Texas bankruptcy court he reached a $560,000 settlement with Jackson Walker LLP over the fees the firm was awarded in the ca... (more story)

Del. Judge OKs AI-Bolstered Drug Co.'s Ch. 11 Bid Procedures

A Delaware bankruptcy judge granted his approval Monday to the bidding procedures proposed in the Chapter 11 case of a company that uses artificial intelligence to explore new uses for existing drugs.

Genesis Settles Buyer Fight Ahead Of Sale Deadline

A Texas bankruptcy judge Monday congratulated Genesis Healthcare on reaching a deal resolving its dispute with the winning bidder for its 175 nursing homes in the leadup to its confirmation hearing set for Oct. 6.

Munsch Hardt Adds Husch Blackwell Bankruptcy Pro In Austin

Munsch Hardt Kopf & Harr PC announced Monday that it has strengthened its bankruptcy, restructuring and insolvency practice with an Austin-based partner who came aboard from Husch Blackwell LLP.

Union Says Spirit AI Data Sale May Breach Contract

Spirit Airlines' flight attendants' union has told a New York bankruptcy judge that the bankrupt airline has reduced the amount of business data it's proposing to sell to Google for artificial intelligence tra... (more story)

2nd Circ. Rules $7.25M Mansion Belongs In Guo's Ch. 11

The Second Circuit on Friday upheld a Connecticut bankruptcy court decision that folded a $7.25 million mansion into the Chapter 11 estate of convicted fraudster Miles Guo, turning away his wife's argument tha... (more story)

Weil Hires Willkie Restructuring Leader In Latest Boomerang

Weil Gotshal & Manges LLP has announced that it continued its boomerang hiring streak by adding the former chair of Willkie Farr & Gallagher LLP's restructuring and reorganization practice.

Braskem Idesa Gets OK On Ch. 11 Plan Cutting $900M In Debt

A Texas bankruptcy judge has approved petrochemical company Braskem Idesa's Chapter 11 plan, which the debtor said will trim more than $900 million of debt and preserve hundreds of jobs.

Mid Cap More

Parler Wasn't Worth Much When CEO Was Fired, Jury Told

A company valuation expert testified Monday in the trial over Parler's 2021 ouster of its CEO that the company had little value at the time and that insider estimates in the hundreds of millions of dollars were "speculation."

Camp Mystic Opposes Fee Terms For Committee Counsel

Camp Mystic is asking a Texas bankruptcy judge to reject a request by unsecured creditors to retain professionals but only pay them if the creditors choose to fight the bankrupt summer camp's proposed Chapter ... (more story)

FreshRealm Ch. 11 Plan Approved Over US Trustee Objection

Food kit service FreshRealm Inc. received approval from a New Jersey bankruptcy judge Monday for its Chapter 11 plan over the objections of the U.S. Trustee's Office concerning third-party releases and injunction provisions.

SilverRock Trustee Dismissed Over Ch. 11 Fund Transfers

A Delaware bankruptcy judge terminated the litigation trustee appointed under the confirmed Chapter 11 plan of California resort developer SilverRock Development on Monday after hearing from creditors that mor... (more story)

Insurer Seeks Exit From Pharma Co.'s $50M Creditor Dispute

An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged ... (more story)

Creditor Has Priority Over Co.'s Tax Refunds, Court Says

An Australian coal mining company's secured creditor has first priority over a chunk of about AU$7.5 million ($5.3 million) in contested tax refunds compared with a company that purchased the refunds, the Supr... (more story)

Resort Developer Gets OK For New $177M DIP, Lender Deal

A Texas bankruptcy judge on Monday gave Five Star Development permission to take out $177.5 million in new Chapter 11 financing and refinance part of its prebankruptcy debt after hearing the resort developer i... (more story)

Judge Tosses NJ Developer's Ch. 11, Citing Harm To Creditor

A New Jersey bankruptcy judge has dismissed the Chapter 11 case of the company developing a 120-unit residential complex in the state, finding the creditor that made the request stood to be harmed more by the ... (more story)

Scottish Broker Accused Of Embezzlement Ruled Bankrupt

The Financial Conduct Authority on Monday said it has secured a bankruptcy order against a Scotland-based insurance broker who is currently awaiting trial on embezzlement charges. 

Defendants Get Costs For Ralan Liquidators' Late Doc Drop

A Federal Court has ordered the collapsed Ralan Property group's liquidators to pay costs for a hearing cancelled after they served extensive document summaries on its former head of sales at short notice, but... (more story)

Expert Analysis

Playing Bid Whist Makes Me A Better Lawyer

As a child, I viewed bid whist as a family tradition and a source of friendly card game competition, but as a lawy... (more story)

Calif. Bill Goes Too Far In Trying To Regulate Attorney AI Use

California’s first-in-the-nation act regulating how attorneys and arbitrators use generative artificial intelligen... (more story)

How Cannabis Rescheduling Is Reshaping Bankruptcy

As broader cannabis rescheduling awaits a recommended decision, cannabis companies continue to test the boundaries... (more story)