BurgerFi International, Inc.

  1. November 12, 2024

    3rd Circ. Weighs Boy Scouts Ch. 11, Calif. AG Balks At Fee Bid

    The Third Circuit heard arguments on Boy Scouts of America's Chapter 11 plan from sexual abuse survivors as well as insurers, California's attorney general disputed Sullivan & Cromwell's fee requests in Kidde-Fenwal Inc.'s bankruptcy, and the U.S. trustee is seeking documents from Jackson Walker LLP regarding a former attorney's secret relationship with a bankruptcy judge. This is the week in bankruptcy.

  2. November 06, 2024

    Bankruptcy Judge OKs $54M Credit Bid For BurgerFi Assets

    A Delaware bankruptcy judge said on Wednesday that he will approve a $10 million credit bid by BurgerFi International Inc.'s senior secured lender TREW Capital Management Private Credit 2 LLC to take over the burger chain's assets, as well as TREW's $44 million credit bid to acquire Anthony's Coal Fired Pizza & Wings.

  3. November 04, 2024

    Purdue Buys Time For Creditor Deal, Eletson Plan Confirmed

    Facing a litigation stay deadline after the U.S. Supreme Court overturned its Chapter 11 plan, OxyContin maker Purdue Pharma was given a new one-month extension of the stay so that its creditors and the Sacklers can continue mediating to settle claims.

  4. October 31, 2024

    BurgerFi Secures $54M Purchase Offer In Ch. 11

    Bankrupt burger and pizza restaurant operator BurgerFi International Inc. announced its major senior secured lender as the winner of its asset sale — a credit bid for $54 million.

  5. October 15, 2024

    BurgerFi Wins OK For DIP After Tiff Over Fruit And Veg Bills

    Bankrupt burger and pizza restaurant operator BurgerFi Inc. can push forward with an asset sale and its debtor-in-possession financing package after wrestling with language to resolve objections, particularly from a group of fruit and vegetable distributors.

  6. October 11, 2024

    BurgerFi Creditors Blast DIP, Bidding Procedures In Ch. 11

    Unsecured creditors of restaurant chain BurgerFi Inc. are challenging the terms of its post-bankruptcy financing package and some of the details of its planned asset sale, saying the provisions will unfairly leave creditors with little to nothing in recoveries.

  7. September 19, 2024

    BurgerFi Says Macroeconomics Drove It Into Ch. 11

    Fast-casual restaurant chain BurgerFi Inc. filed for Chapter 11 bankruptcy earlier this month, blaming macroeconomic factors for its insolvency in what is becoming an increasingly common tale for retail and hospitality companies operating after the onset of the COVID-19 pandemic.

  8. September 18, 2024

    Meet The Attorneys In BurgerFi's Ch. 11

    BurgerFi International Inc., the fast casual chain that also owns Anthony's Coal Fired Pizza & Wings restaurants, has assembled a team of lawyers from Raines Feldman Littrell LLP to assist with plans to turn its business around after entering Chapter 11 protection in Delaware last week.