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Under The Radar: Bankruptcy News You May Have Missed

Insurer MBIA Inc. asked a Connecticut federal judge to end a lawsuit tied to Puerto Rico's bankruptcy, the U.S. Trustee's Office opposed Inspired Healthcare's bid for mediation, and a New York federal judge ni... (more story)

First Brands Wants More Time To File Ch. 11 Plan

Bankrupt auto parts maker First Brands Group asked a Texas court to extend the window during which it has the exclusive right to file a Chapter 11 plan, saying it spent months in mediation negotiating a settle... (more story)

Spirit In 'Advanced' Talks With Gov't For Ch. 11 Financing

Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday... (more story)

Lowenstein Sandler Aims For 'All-Inclusive' Delaware Office

Lowenstein Sandler LLP recently launched a Delaware office by bringing on Christopher A. Ward, who previously co-chaired Polsinelli’s bankruptcy practice, to lead and expand the office. Here, he tells Law360 P... (more story)

Tariff Refunds Create Unprecedented Questions In Bankruptcy

The court-ordered process of getting tariff refunds into the pockets of American companies began this week, but the unprecedented situation has left restructuring professionals reeling with unanswered question... (more story)

Pal Of Ex-Beneficient CEO Aided Fraud Cover-Up, Jury Hears

A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents miss... (more story)

SBF Says He Wrote New Trial Bid Himself, But Asks To Pull It

Imprisoned FTX founder Sam Bankman-Fried has told a New York federal judge that, although his attorney parents made suggestions regarding his motion for a new trial, he wrote the brief himself, but now wants t... (more story)

Prince Global Liquidators Get OK To Hunt US Bank Records

A New York bankruptcy judge on Wednesday allowed the joint liquidators of Prince Global Holdings, the debtor at the center of a massive alleged Cambodian fraud and human trafficking ring, to begin gathering in... (more story)

$16B YPF Argentina Feud Will Go To Arbitration

Investors in Argentina's largest oil and gas exploration company confirmed to a New York federal judge Tuesday that they will pursue arbitration in their $16 billion fight with the country, and are now seeking... (more story)

Cumulus Defends Nielsen Data-Tying Order At 2nd Circ.

Radio giant Cumulus Media has told the Second Circuit that Nielsen helped contribute to the broadcaster's bankruptcy earlier this year by tying sales of its national radio ratings data to sales of its local of... (more story)

Mid Cap More

Flight Sim Co. Nears Deal To Continue Pilot Training For Spirit

Avenger Flight Group, an insolvent flight training provider, said Thursday that it has reached an agreement in principle with bankrupt carrier Spirit Airlines that would both settle past claims and continue tr... (more story)

NJ Judge Says Contractors' Due Process Claims Are Too Late

A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business ri... (more story)

Carbon Health Floats $100M Credit Bid To Hedge Plan Fight

Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganizat... (more story)

Razzoo's Ch. 11 Plan Gets OK Following $18M Sale

A Texas bankruptcy judge Wednesday signed off on the Chapter 11 liquidation plan of Cajun food chain Razzoo's, months after the debtor sold its assets for more than $18 million to a Dallas-based restaurant developer.

Vanderbilt Minerals Gets OK For Deal With Parent Co.

A New York bankruptcy judge on Wednesday overruled creditor objections to approve a settlement between Vanderbilt Minerals and its parent company to pave the way for an asset sale in the former talc miner's Chapter 11 case.

Sorrento, M3 Get Pause On RICO Suit Naming Jackson Walker

A Texas bankruptcy judge on Wednesday agreed to put on hold a lawsuit in California federal court alleging Jackson Walker LLP and executives at Sorrento Therapeutics and M3 Partners conspired to forum shop in ... (more story)

Judge Won't Delay Calif. Resort Developer's Ch. 11 Timeline

A Delaware bankruptcy judge Wednesday declined to override SilverRock Development's Chapter 11 timeline but cautioned that secured creditors' persistent concerns about a proposal to divvy up property sale proc... (more story)

6th Circ. Questions Timing Of Late Keyboardist's Royalties Bid

A Sixth Circuit panel sharply questioned both sides Wednesday over when, if ever, Parliament-Funkadelic co-founder George Clinton clearly rejected a decades-old royalty deal with the band's former keyboardist,... (more story)

Womble Bond Hires Ex-White & Case RE Atty For Partner Role

Womble Bond Dickinson has hired a former White & Case LLP partner who specializes in real estate financing and private capital market deals for a partner role in its New York City office, the firm recently announced.

Gov't Settles Suit Over $28M Tax Bill, Bahamian Trusts

The U.S. government reached a settlement in federal court with a Floridian who invoked Bahamian law to avoid repatriating trust funds that had resulted in a $28 million tax bill.

Expert Analysis

Law School's Missed Lessons: How To Draft Pleadings

Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)

E-Discovery Quarterly: Recent Rulings On ESI Control

Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically ... (more story)

2 Discovery Rulings Break With Heppner On AI Privilege Issue

While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications wit... (more story)