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Under The Radar: Bankruptcy News You May Have Missed
A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.
FTX's Billion-Dollar Lawsuits Linger As Creditors Regain Cash
Almost nine months after winning approval of a bankruptcy plan worth some $16 billion, fallen cryptocurrency exchange FTX remains in the midst of litigation with former rivals and clients that could have a significant effect on the amount of money creditors ultimately recoup.
Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Under The Radar: Bankruptcy News You May Have Missed
A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.
FTX's Billion-Dollar Lawsuits Linger As Creditors Regain Cash
Almost nine months after winning approval of a bankruptcy plan worth some $16 billion, fallen cryptocurrency exchange FTX remains in the midst of litigation with former rivals and clients that could have a significant effect on the amount of money creditors ultimately recoup.
Catching Up With New Bankruptcy Case Action
Semiconductor manufacturer Wolfspeed launched a Chapter 11 case with a lender-backed plan to reduce $4.6 billion in debt. A Corvias unit filed for bankruptcy, blaming an unworkable student housing contract with Georgia's public universities. Digital advertising tech firm Marin Software hit Chapter 11 with a plan to sell its assets. And a city in Washington filed Chapter 9 papers after a developer moved to garnish funds over a $26 million arbitration award.
Expert Analysis
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Large Cap More
Disbarred attorney Tom Girardi asked a California federal judge on Wednesday to remain free on bond while he appeals his wire fraud conviction, saying he's not a flight risk or danger to the community and ther... (more story)
A group of insurance carriers is asking a Delaware bankruptcy judge to reject cosmetic seller Avon Products' Chapter 11 plan, saying it would unfairly force them to pay possibly bogus talc injury claims.
In the first half of the year, the U.S. Supreme Court barred a defunct transportation company's bankruptcy trustee from clawing back federal taxes and prevented the U.S. Tax Court from reviewing a collection d... (more story)
A company that runs dormitory facilities at campuses in Georgia's public university system will have to overcome a motion the colleges' board is planning to bring to have the firm's Chapter 11 case transferred... (more story)
Unprecedented arguments in a data company's bankruptcy petition that cite a failure to maintain adequate cyberinsurance coverage underscores the growing view that this specialty coverage can represent an impor... (more story)
A New York bankruptcy judge Wednesday pushed back a hearing on the Chapter 11 plan of the Roman Catholic Diocese of Syracuse two months until she can hear arguments on insurance settlements that are central to the plan.
After justices and oral advocates spent much of an argument pummeling a lower court's writing talents, one attorney suggested it might be time to move on — only to be told the drubbing had barely begun. Here, ... (more story)
The Catholic Diocese of Fresno, California, has filed for Chapter 11 protection with $79 million of liabilities, facing more than 150 lawsuits over clergy sexual abuse.
Packaged foods giant Del Monte is seeking Chapter 11 bankruptcy protection in New Jersey with plans for a sale after a liability management transaction last year failed to sufficiently reduce borrowing costs f... (more story)
Ten states have won Delaware Court of Chancery clearance to submit a friend of the court brief opposing nationwide asbestos claims trust proposals to purge records linked to tens of thousands of exposure cases... (more story)
Mid Cap More
A media company founded and partially controlled by the television personality known as Dr. Phil filed for Chapter 11 protection in Texas bankruptcy court Wednesday, disclosing more than $100 million in liabil... (more story)
A New York bankruptcy judge on Wednesday approved the conversion of the Chapter 11 case of Colombian consumer lending giant Credivalores-Crediservicios to a Chapter 7 liquidation, following requests from the O... (more story)
A Delaware bankruptcy judge said he would grant interim approval to a $5 million debtor-in-possession loan for Charter School Capital Inc., a company that provides funding for charter schools across the countr... (more story)
The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding ... (more story)
The U.S. Supreme Court's decision to limit nationwide injunctions was one of its biggest rulings of the term — a finding the court is likely going to be dealing with all summer. Here, Law360 takes a look at th... (more story)
The judicial mediator appointed to oversee negotiations in the Chapter 11 case of Uphealth Holdings Inc. said mediation talks have stalled because of last minute issues with a party that may be acting in bad faith.
A small Texas residential and commercial solar company has filed for Chapter 7 liquidation in federal court, citing $3.9 million in liabilities.
The federal bankruptcy watchdog moved to dismiss the Chapter 11 case of the property-lease holding subsidiary of pharmaceutical manufacturing company National Resilience HoldCo Inc. late Monday, saying in Dela... (more story)
A U.S. Supreme Court ruling over whether personal injury claims can be brought under a RICO statute and a $7.4 billion settlement reached with the Sackler family and Purdue Pharma are among Law360's top person... (more story)
A Delaware bankruptcy judge Tuesday sent the Chapter 11 plan of former owner of conservative social media platform Parler out for a creditor vote after the company's ex-CEO said he was satisfied with the infor... (more story)