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Conn's Bankruptcy Shows Retail Stressors Converging
Meet The Attys Working To Confirm Robertshaw's Ch. 11 Plan
Ebix Ch. 11 Exit Hinges On Judge's Third-Party Release Ruling
Conn's Bankruptcy Shows Retail Stressors Converging
While retailers have been under pressure for years, Conn's bankruptcy last week illustrates the convergence of two acute and growing problems that have taken hold this year: lower-income consumers who are cutting spending and difficulty selling the same kinds of home goods that flew off the shelves earlier in the COVID-19 pandemic.
Meet The Attys Working To Confirm Robertshaw's Ch. 11 Plan
Appliance-parts maker Robertshaw on Friday will ask a Texas bankruptcy judge to approve its Chapter 11 liquidation and wind-down as it hopes to close out a bankruptcy fraught with lender power struggles. Guiding Robertshaw toward its exit is a team of Latham & Watkins LLP and Hunton Andrews Kurth LLP attorneys with experience in bankruptcy, litigation and private equity deals.
Ebix Ch. 11 Exit Hinges On Judge's Third-Party Release Ruling
Ebix Inc. is on track to turn over its business to its chief executive as the insurance software company prepares to exit bankruptcy, but the debtor first needs to win a Texas bankruptcy judge's approval of contested third-party releases contained in its Chapter 11 plan.
Expert Analysis
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Large Cap More
A Connecticut bankruptcy judge has ordered an alleged shell company to explain whether it will stop funding a security detail at an uninsured $26.5 million New Jersey mansion that federal prosecutors and a Cha... (more story)
A Texas bankruptcy judge Wednesday approved the closure of two Massachusetts hospitals owned by Steward Health Care after the debtor said that it was unable to find buyers for them.
A Delaware bankruptcy judge on Wednesday ordered a former executive of the troubled U.S.-based affiliate of Indian educational technology giant Byju's to pay $10,000 a day in contempt sanctions for failing to ... (more story)
A Georgia bankruptcy judge signaled his approval Wednesday of a set of discovery demands made by unsecured creditors of nursing facility owner LaVie Care Centers, but gave the parties time to continue discussi... (more story)
FTX customers told a Florida federal judge on Tuesday that Sullivan & Cromwell LLP can't dismiss customer claims it aided and abetted the defunct cryptocurrency exchange's fraud as "speculative allegations" wh... (more story)
A New York federal judge on Tuesday allowed ex-FTX executive Ryan Salame to delay his surrender date to begin his prison term from August to October, as he was forced to undergo medical treatment and surgery a... (more story)
A Texas bankruptcy judge declined to rule Tuesday on Ebix Inc.'s request for Chapter 11 plan confirmation, telling the parties he needed more time to sort out a dispute over third-party releases contained in t... (more story)
The Commonwealth of Massachusetts has told a Texas bankruptcy judge that its agreement to pay $30 million to debtor Steward Health Care is designed to help fund operations at the debtor's struggling hospitals ... (more story)
A North Carolina investment adviser lied to clients about the safety of their investments when he sold them on risky corporate bonds issued by a financial services company that went bankrupt, the U.S. Securiti... (more story)
Comcast has reached an agreement with the bankrupt owner of Bally Sports to again distribute its regional sports networks to Xfinity TV customers, according to an announcement made Monday.
Mid Cap More
A group of 19 skilled nursing homes in Pennsylvania and West Virginia filed for Chapter 11 bankruptcy protection amid declining patient numbers, telling a federal bankruptcy judge Wednesday that the plan was t... (more story)
Executives and board members of the defunct beverage company NewAge Inc. hit back at investors' allegations that they lied about having a deal to sell their products in military commissaries, saying the invest... (more story)
The city of San Jose, California, asked a Delaware bankruptcy judge to allow it to pursue tax and utilities claims against the former operator of a high-end hotel that confirmed a Chapter 11 plan in 2021, sayi... (more story)
Rudy Giuliani agreed to sell one of his multimillion-dollar homes to cover around $400,000 in administrative expenses that have held up dismissal of his Chapter 11 bankruptcy, the Republican firebrand and his ... (more story)
A New York bankruptcy judge has confirmed the liquidation plan for coffee supplier Mercon Coffee Corp. after ruling earlier this month the company can't reward corporate insiders who stuck with it through its ... (more story)
A Delaware bankruptcy judge said she would give interim approval to New York-based metal-cutting machine toolmaker Hardinge Inc. to access up to $24.2 million of a $27.35 million package to fund its Chapter 11... (more story)
A Virginia bankruptcy judge Tuesday approved a settlement of more than $1.4 million of claims against the estate of the defunct LeClairRyan law firm by two former firm attorneys.
A bankruptcy trustee who is removed can't retroactively receive administrative expenses, the Fourth Circuit has ruled, saying a former bankruptcy trustee is not allowed to later file an application for professional fees.
Bankrupt New York City condominium complex Hudson 888 Owner told a bankruptcy judge Tuesday that it is days away from reaching a settlement for its Chapter 11 plan, which will see it hand over its real estate ... (more story)
American Express reached a $3 million deal to settle claims brought by the Girardi Keese bankruptcy trustee accusing the credit giant's banking unit and another subsidiary of enabling $50.25 million in fraudul... (more story)