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Meet The Attorneys In Vintage Wine Estates' Ch. 11
A team of lawyers from Richards Layton & Finger PA and Jones Day is guiding Vintage Wine Estates, an owner of more than 30 wine brands, through its Chapter 11 case in Delaware.
New Bill Would Sink 'Texas Two-Step' Ch. 11s Over 'Bad Faith'
U.S. lawmakers are taking aim at a controversial bankruptcy tactic used by Johnson & Johnson and others designed to insulate corporations from mass tort liability, introducing a bipartisan bill that would order courts to label "Texas two-step" Chapter 11 cases "bad-faith filings."
Meet The Attorneys In Retailer Conn's $1.95B Ch. 11
A team of six attorneys from Sidley Austin LLP is steering the Chapter 11 case of furniture and appliance retailer Conn's Inc., which hit bankruptcy in Texas with $1.95 billion in debt Tuesday.
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Former FTX executive Ryan Salame on Friday asked a New York federal judge to delay his prison surrender date because he was recently mauled by a German shepherd and must undergo "urgent and necessary medical t... (more story)
The Financial Oversight and Management Board for Puerto Rico on Friday sued Gov. Pedro R. Pierluisi to nullify a law extending a program which reduces the cost of solar panels for Puerto Rican households, call... (more story)
The U.S. Trustee's Office has asked a Texas bankruptcy judge to deny confirmation of Robertshaw's Chapter 11 plan, arguing the appliance parts maker's reorganization scheme contains nonconsensual third-party r... (more story)
Remote learning and accreditation group 2U Inc. received interim approval on Friday to access $60 million of a $64 million debtor-in-possession financing package to fund its Chapter 11 case.
McElroy Deutsch Mulvaney & Carpenter LLP's former chief financial officer was sentenced Friday in a New Jersey state court to five years in prison and ordered to pay restitution for embezzling more than $1.5 m... (more story)
The Third Circuit on Thursday affirmed the dismissal of the reworked Chapter 11 case of Johnson & Johnson's talc unit that used a controversial "Texas two-step" maneuver, saying the company still hasn't displa... (more story)
Tom Girardi can't exclude evidence from his upcoming trial that he claims prosecutors illegally obtained from his firm's bankruptcy trustee, after a California federal judge said Thursday no constitutional rig... (more story)
Troubled Houston law firm MMA Law asked a Texas bankruptcy court to extend the exclusivity period to file a Chapter 11 plan for 120 more days, with a current filing exclusivity period set to end in early August.
A pair of investment funds that acquired 9 million warrants from Hertz after its bankruptcy and later sued the car rental company for breach of contract misinterpreted the warrant agreement, and their lawsuit ... (more story)
The U.S. Trustee's Office asked a Delaware bankruptcy judge to reject cryptocurrency firm Terraform Labs PTE Ltd.'s settlement with claimants in a $57 million Singaporean lawsuit, saying it would treat the cla... (more story)
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A Florida bankruptcy judge said on Friday that she will conditionally approve disclosures for Red Lobster's reorganization plan after the seafood chain agreed to add "opt in" procedures that some creditors can... (more story)
The U.S. Trustee's Office on Friday objected to the bidding procedures proposed by bus line operator Coach USA, arguing that a requirement in the company's debtor-in-possession loan agreement to set aside $3.5... (more story)
A Delaware bankruptcy judge cleared the way Friday for clothing manufacturer Delta Apparel to put its assets on the auction block next month with a $28 million starting bid for one of its lifestyle and fashion... (more story)
A Florida bankruptcy judge Thursday dismissed the Chapter 11 case of far-right media outlet The Gateway Pundit's parent company as a bad-faith attempt to shield its founder from liability in a defamation suit ... (more story)
Orthopedic clinic operator Pioneer Health Systems LLC is hoping to cobble together additional debtor-in-possession financing to fund a Chapter 11 sale process, its attorney told a Delaware bankruptcy judge Thursday.
Gotham Restaurant, an upscale eatery in New York City, is seeking Chapter 11 Subchapter V bankruptcy protection with $1.15 million of unsecured claims, as it struggles to fully resume operations after a cyber-... (more story)
Bankrupt wine producer and processor Vintage Wine Estates received permission Thursday from a Delaware bankruptcy judge to begin borrowing under a $60.5 million debtor-in-possession financing package being pro... (more story)
A subsidiary of Rock Creek Advisors LLC created to administer the liquidation of Allievex Corp.'s assets to pay creditors notified Delaware's chancery court on Wednesday that the therapeutics company was insol... (more story)
A former McElroy Deutsch executive told a New Jersey state court that just because her husband — former McElroy Deutsch chief financial officer John Dunlea — has filed for bankruptcy does not mean she needs to... (more story)
Vintage Wine Estates, which owns 30 wine brands in California, Oregon and Washington, filed for Chapter 11 protection Wednesday with a plan to sell its assets after post-pandemic wine demand dropped.