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Yes To US Magnesium's $30M Sale, No To Genesis Trustee
US Magnesium secured approval of a $30 million asset sale in its bankruptcy, a judge refused to install a Chapter 11 trustee in Genesis Healthcare's case, and another allowed self-driving vehicle technology company Luminar Technologies to move forward with asset sales that will net its estate $142.54 million.
Meet The Team Guiding Multi-Color Through Ch. 11
Kirkland & Ellis and Cole Schotz attorneys will be steering Georgia-based global retail product label maker Multi-Color Corp. through Chapter 11 in New Jersey as it seeks to trim $3.9 billion of its $5.9 billion in debt.
What's Happening In Bankruptcy Court This Coming Week
Talc producers Imerys Talc America and Cyprus Mines Corp. will seek confirmation of their joint Chapter 11 plan. Canned food producer Del Monte will find out whether its proposed Chapter 11 creditor settlement will be approved by a New Jersey bankruptcy court. Home solar panel financing company PosiGen will deal with creditor motions seeking appointment of a Chapter 11 trustee. Investment platform Linqto's proposed bankruptcy plan will be up for consideration.
Large Cap More
Pittsburgh-based regional firm Bernstein-Burkley PC has expanded its resources and grown its Ohio footprint through a merger with Cleveland firm Walter Haverfield.
Product label maker Multi-Color Corp. entered Chapter 11 in New Jersey, the company that owns Fatburger filed for bankruptcy in Texas, and a Missouri-based packaging company sought insolvency protection in New Jersey.
Senior living facility operator Inspired Healthcare Capital has filed for Chapter 11 protection in a Texas bankruptcy court, listing between $1 billion and $10 billion in debt and with plans to pursue an asset sale.
Attorneys for a Florida businessman locked in a $500 million dispute over the ownership of the Miss America pageant urged a federal judge Monday not to sanction their client for filing allegedly false document... (more story)
Linqto kicked off its Chapter 11 plan confirmation hearing in Texas Monday, as plan supporters and objectors grilled witnesses on the circumstances leading up to the former investment platform's bankruptcy and... (more story)
A New Jersey bankruptcy judge on Monday granted interim approval for global label maker Multi-Color Corp. to tap into post-petition financing, yet he halved the amount of money that lenders can initially roll ... (more story)
A Texas bankruptcy judge declined Monday to decide whether Tricolor Holdings loan servicer Vervent should be paid fees for its work locating thousands of vehicles and other collateral backing the debt, saying ... (more story)
Hinshaw & Culbertson LLP has opened a new Cleveland office and greatly expanded its consumer financial services practice with a group of 16 attorneys from the recently shuttered McGlinchey Stafford PLLC, the firm said Monday.
ArentFox Schiff LLP has tapped a longtime bankruptcy attorney to lead its Los Angeles office.
Fenwick & West LLP and victims of the infamous FTX Trading Ltd. cryptocurrency scam are working toward a settlement in a case over the firm's alleged role in the trading platform's collapse.
Mid Cap More
HSBC Bank PLC told a London court on Tuesday that two members of the Barclay Family have owed it £140 million ($192 million) since April 2024 and that the brothers are now seeking to adjourn bankruptcy petitio... (more story)
Two companies, investment company Michal International Investment LLC and MII Aviation Services LLC, filed for bankruptcy in Delaware, listing liabilities of at least $10 million and $100 million, respectively.
The Delaware Chancery Court on Monday heard a sharply contested argument over whether a former Honeywell executive is entitled to advancement of legal fees tied to Russian insolvency and customs proceedings, a... (more story)
Marketing research company Premise Data has filed for Chapter 7 liquidation in Delaware bankruptcy court, listing $194 million of debt and seeking to wind down after selling what it says was the most viable po... (more story)
Ropes & Gray LLP announced on Monday that its new global restructuring group chair is a former Fried Frank Harris Shriver & Jacobson LLP partner who arrives at the firm alongside three of her colleagues.
JPMorgan, the mortgage lender to a Manhattan loft owner, has urged a New York bankruptcy court to appoint a Chapter 11 trustee in the landlord's bankruptcy case or convert it to a liquidation under Chapter 7, ... (more story)
Jeffer Mangels Butler & Mitchell LLP founding partner Jim Butler has decamped to Blank Rome LLP with a team of four other hospitality pros, who will help build out the firm's hospitality and real estate teams,... (more story)
Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.
Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.
A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not f... (more story)