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Under The Radar: Bankruptcy News You May Have Missed
Asbestos claimants asked the Fourth Circuit to rethink protecting a bankruptcy stay even though the debtor isn't insolvent. Creditors objected to final Chapter 11 financing approval for Inspired Healthcare Capital. And a New York appellate court rejected a bid to reargue document releases in insurance litigation related to a Catholic parish's bankruptcy.
Meet The Trustee Overseeing Bourbon Co.'s Ch. 11
Novo Advisors principal Claudia Springer, a bankruptcy professional with more than 40 years of experience, has been appointed as the trustee to oversee the Chapter 11 estate of bourbon brand Kentucky Owl.
Looking Back As Boy Scouts Asks To Close 6-Year Ch. 11
The Boy Scouts of America has asked the Delaware bankruptcy court to officially close its main insolvency proceeding with a final decree, six years to the day since the nationwide youth organization said it would seek a fast exit from Chapter 11.
Under The Radar: Bankruptcy News You May Have Missed
Asbestos claimants asked the Fourth Circuit to rethink protecting a bankruptcy stay even though the debtor isn't insolvent. Creditors objected to final Chapter 11 financing approval for Inspired Healthcare Capital. And a New York appellate court rejected a bid to reargue document releases in insurance litigation related to a Catholic parish's bankruptcy.
Meet The Trustee Overseeing Bourbon Co.'s Ch. 11
Novo Advisors principal Claudia Springer, a bankruptcy professional with more than 40 years of experience, has been appointed as the trustee to oversee the Chapter 11 estate of bourbon brand Kentucky Owl.
Looking Back As Boy Scouts Asks To Close 6-Year Ch. 11
The Boy Scouts of America has asked the Delaware bankruptcy court to officially close its main insolvency proceeding with a final decree, six years to the day since the nationwide youth organization said it would seek a fast exit from Chapter 11.
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Large Cap More
A Texas bankruptcy judge agreed Friday to approve more than $1.6 million in fees for defunct investment platform Linqto's special Chapter 11 counsel from Sullivan & Cromwell, commending the firm's work and ove... (more story)
A Texas Business Court judge ordered two energy companies to split a settlement that resolved a trade secrets case relating to cost-cutting measures taken on a $639 million acquisition of Shell assets, finding... (more story)
Jilted Citgo bidder Gold Reserve Ltd. continues to urge a Delaware federal court to reject a special master's bid for another $15.3 million in fees, saying he hasn't shown he is complying with a court order ai... (more story)
A Delaware bankruptcy judge Thursday conditionally approved the disclosure statement of a U.S. affiliate of Swiss solar panel company Meyer Berger, having canceled a hearing planned for later in the day when t... (more story)
Bankrupt medical transport company Modivcare has objected to its financial adviser AlixPartners LLP's application for nearly $5 million in professional fees for 111 days of work performed in its Chapter 11 cas... (more story)
Cumulus Media, a company that operates almost 400 radio stations across the country, filed for Chapter 11 protection Thursday in Texas bankruptcy court with a plan to cut $600 million in debt, the business's s... (more story)
The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.
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Office Properties Income Trust, the national office space owner and leasing company, has tentatively agreed to pay $60 million to a group of secured noteholders over roughly seven months as part of a settlemen... (more story)
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Mid Cap More
A bankruptcy judge in Florida conditionally approved on Thursday a cosmetic company's Chapter 11 plan, granting a proposed reorganization that involves a lender taking over the company in a debt-to-equity transaction.
The Chapter 7 trustee overseeing the California bankruptcies of a family of Chinese citizens, whose creditors alleged they are facing roughly $115 million in overseas judgments, gave the debtors another month ... (more story)
The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sol... (more story)
A company that sells foam rollers primarily on Amazon has been ordered to pay $1.1 million in trebled damages and $650,000 in attorney fees to a company it sued seeking a declaration that it could continue sel... (more story)
Natural gas compressor group Axip can hold an April auction for its assets, backed by a competitor's $161 million stalking horse bid after a Texas bankruptcy judge approved its Chapter 11 sale procedures Thursday.
Groups of investors from multiple states have filed a series of lawsuits against Norada Capital Management LLC in Wyoming federal court, alleging the private equity fund defrauded them out of millions of dolla... (more story)
The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using ... (more story)
Lab-grown gemstone jewelry maker Charles & Colvard Ltd. has filed for Chapter 11 bankruptcy protection in North Carolina, declaring $19.2M in assets and $10.5M in liabilities.
A New York bankruptcy judge Wednesday told mining company Vanderbilt Minerals it will have to delay its Chapter 11 sale timeline by a month to give creditors a chance to look at a proposed deal with corporate ... (more story)
A Chicago-area horse track on Wednesday reached an agreement with its lenders on emergency Chapter 11 financing until the parties return to court next week to consider interim approval of Hawthorne Race Course... (more story)