A Look At EV Tech Co. Ideanomics' Ch. 11 Liquidation Plan
Ideanomics Inc. will ask a Delaware bankruptcy judge on Thursday to confirm its Chapter 11 plan, allowing the electric vehicle technology group to exit bankruptcy after selling its assets. Here's a look at the liquidation and wind-down plan it is hoping to confirm.
Meet The Attys For Porta Potty Parent In Ch. 11
United Site Services Inc., the parent of porta-potty provider Johnny On The Spot, has brought together attorneys from Cole Schotz PC and Milbank LLP to see it through its prepackaged Chapter 11 case.
PrimaLend To Seek OK For Ch. 11 Bidding In Market Test
PrimaLend Capital Partners LP plans to ask a Texas court Tuesday to let it sell its assets in an effort to maximize the value of its loan portfolios to car dealerships that cater to low-income customers, after sale efforts failed before it filed for bankruptcy in October.
Large Cap More
Nursing home operator Genesis Healthcare may hold a new Chapter 11 auction with a fresh stalking horse offer worth nearly $1 billion, a Texas bankruptcy judge ruled Wednesday, a month after she nixed the resul... (more story)
Ellenoff Grossman & Schole LLP has combined with trial law firm Kaplan Rice LLP in New York, bringing on eight attorneys, doubling the size of its trial and litigation practice group, and giving the group new ... (more story)
Soon-to-be-retiring Delaware Supreme Court Justice Karen L. Valihura carved her name deeply into First State corporate law jurisprudence over her dozen years on the bench, at a time of surging caseloads and in... (more story)
A New Jersey federal judge has indicated she is planning to grant a bankrupt Johnson & Johnson talc subsidiary's bid to revive its trade libel claim over a scientific article linking asbestos in talc to mesothelioma.
Mass tort litigation firm MMA Law asked a Texas bankruptcy judge late Monday to invalidate a ruling from a Louisiana federal court, saying the Chapter 11 automatic stay protects MMA's assets, including the cla... (more story)
Bankrupt nursing home company Genesis Healthcare Inc. on Tuesday announced Genie 3 Partners LLC as its new stalking horse bidder for the upcoming second auction of all its assets, following a Texas bankruptcy ... (more story)
California utility Pacific Gas & Electric Co., its brass and its underwriters have reached a $100 million deal ending investor claims over allegedly misleading statements about the company's safety practices a... (more story)
Retired professional golfer Jack Nicklaus is opposing the Chapter 11 financing and sale procedures floated by sporting gear and golf course design company GBI Services, saying the business is trying to sell as... (more story)
Telecommunications group Ligado Networks says a maritime satellite communication group flouted the automatic stay of its bankruptcy and a mediated deal last month by bringing a lawsuit over Ligado's request to... (more story)
Luminar Technologies, a developer of lidar technology for autonomous vehicles, has told a Texas bankruptcy judge its former chief executive is refusing to cooperate with a subpoena and provide information it n... (more story)
Mid Cap More
Unexpected cash sweeps by its prepetition lender at year-end forced Food52 Inc., an e-commerce company selling kitchen and home goods, to file for bankruptcy.
The operator of a 369-bed skilled nursing facility in Albuquerque, New Mexico, has filed for Chapter 11 protection in a Florida bankruptcy court with more than $1 million in debt and has been granted joint adm... (more story)
A bankrupt Alabama hospital is asking a federal judge to allow it to drop out of a $2.8 billion antitrust class action settlement with Blue Cross Blue Shield, saying it may be forced to shut down unless it can... (more story)
Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.
The Washington, D.C.-based coffee chain Compass Coffee filed for Chapter 11 protection Tuesday with at least $11.7 million of estimated liabilities amid rent disputes with landlords, promising to soon disclose... (more story)
Subprime lender PrimaLend Capital Partners LP on Tuesday received a Texas bankruptcy judge's approval of its request to take votes on a Chapter 11 plan and bidding procedures for an asset sale.
A Delaware bankruptcy judge has signed off on dolphin park owner Leisure Investments Holdings LLC's sale of dolphins, sea lions, sharks and other animals in its Chapter 11 case.
Garden decor importer and distributor Alpine Corp. has filed for Chapter 11 in a California bankruptcy court with just under $26 million in debt.
Two bankrupt entities tied to the former Hudson Hotel must not be allowed to retain DLA Piper LLP as special counsel in their Chapter 11 case, the U.S. trustee argued on Monday, saying the firm is conflicted d... (more story)
The unsecured creditors in the U.S. Magnesium Chapter 11 have asked a Delaware bankruptcy judge for standing to challenge more than $114 million of the mining company's debt and liens on company property, argu... (more story)