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Under The Radar: Bankruptcy News You May Have Missed
Avon's international unit asked a bankruptcy judge to extend the window during which only it can propose a Chapter 11 plan, consulting firm Azzur Group Holdings asked the Delaware bankruptcy court to approve its Chapter 11 plan disclosures and allow it to hold a vote, and Philadelphia's University of the Arts proposed selling a property for nearly $7 million. These are some of the bankruptcy stories you may have missed in the last week.
Mitel Networks' 5-Year Journey Into Bankruptcy
Business telecommunications company Mitel Networks hit bankruptcy earlier this month after a societal shift in working conditions began five years prior with the onset of the COVID-19 pandemic, according to its court filings.
Meet The Attorneys Guiding Dynamic Aerostructures' Ch. 11
Lawyers from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP are leading the bankruptcy case launched by Dynamic Aerostructures, a California-based aerospace parts supplier to Lockheed Martin and Boeing, as the company pursues a sale of its assets.
Under The Radar: Bankruptcy News You May Have Missed
Avon's international unit asked a bankruptcy judge to extend the window during which only it can propose a Chapter 11 plan, consulting firm Azzur Group Holdings asked the Delaware bankruptcy court to approve its Chapter 11 plan disclosures and allow it to hold a vote, and Philadelphia's University of the Arts proposed selling a property for nearly $7 million. These are some of the bankruptcy stories you may have missed in the last week.
Mitel Networks' 5-Year Journey Into Bankruptcy
Business telecommunications company Mitel Networks hit bankruptcy earlier this month after a societal shift in working conditions began five years prior with the onset of the COVID-19 pandemic, according to its court filings.
Meet The Attorneys Guiding Dynamic Aerostructures' Ch. 11
Lawyers from Chipman Brown Cicero & Cole LLP and Ropes & Gray LLP are leading the bankruptcy case launched by Dynamic Aerostructures, a California-based aerospace parts supplier to Lockheed Martin and Boeing, as the company pursues a sale of its assets.
Expert Analysis
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tra... (more story)
Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-... (more story)
HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of ... (more story)
Large Cap More
A New York federal judge has paused his order removing Reed Smith LLP as counsel for the former owners of reorganized international shipping group Eletson Holdings in litigation over a $102 million arbitral aw... (more story)
The liquidators of failed cryptocurrency hedge fund Three Arrows Capital have prevailed in a dispute with FTX Trading Ltd. over the allowance of a $1.53 billion bankruptcy claim, with a Delaware judge deciding... (more story)
A Texas bankruptcy judge on Friday gave prison healthcare business Wellpath permission to go ahead with a vote on its Chapter 11 plan after a claimants' committee said it would reserve objections for the plan ... (more story)
In this week's Taxation With Representation, Mallinckrodt PLC and Endo Inc. combine, Rocket Cos. buys Redfin, and Endo divests its international pharmaceuticals business to Knight Therapeutics Inc.
A California bankruptcy judge on Thursday said he wouldn't immediately decide whether to make public two documents the creditors committee in the Roman Catholic Archdiocese of San Francisco's Chapter 11 case w... (more story)
A Delaware bankruptcy judge has denied a summary judgment bid to dismiss a lawsuit alleging that an $1.8 billion loan set medical testing company Millennium Laboratories on course for its 2015 Chapter 11.
Families of the victims of the 2012 Sandy Hook Elementary School shooting have urged a Texas bankruptcy judge to block an Alex Jones-affiliated company's revived bid to buy his Infowars platform, saying it wil... (more story)
Six law firms are guiding a $6.7 billion merger between Ireland's Mallinckrodt PLC and Pennsylvania-based Endo Inc. on a deal announced Thursday that the companies said will create a global pharmaceutical indu... (more story)
The Republican-led U.S. Senate Banking Committee advanced its stablecoin framework Thursday with the help of Democrats who broke from ranking member Sen. Elizabeth Warren's opposition, while a separate bill on... (more story)
Former Alex Jones attorney Norm Pattis will be suspended from practicing law for two weeks, a Connecticut judge has ruled, capping a three-year ethics saga that started when Pattis asked an associate to send S... (more story)
Mid Cap More
A Texas federal judge shot down an alleged attempt by the former CEO of bankrupt conservative-centered fintech startup GloriFi to preserve the ability to sue investors like Ken Griffin's Citadel LLC and Vivek ... (more story)
A New Jersey hospital operator finished a three-day confirmation hearing in Delaware on Friday over its Chapter 11 plan to hand control of its medical facilities to one of its creditors.
The U.S. Trustee's Office has challenged a proposed $9 million settlement between a Chapter 7 trustee for a bankrupt Connecticut pump company and two insurers, saying the agreement nonconsensually deprives thi... (more story)
The litigation trust for Prime Core Technologies is seeking to claw back $26.6 million in cryptocurrency transferred out of the crypto custodian's accounts prior to its Chapter 11 filing, saying it's a matter ... (more story)
Vancouver-based accounting and financial services firm Bench Accounting Inc. has filed a Chapter 15 recognition in a Delaware bankruptcy court with approximately $51.5 million in liabilities and $5.1 million i... (more story)
Attorneys for a dry cleaning delivery startup knew that the founder and sole director of the company had fabricated company documents and was the subject of an active securities fraud investigation in Texas as... (more story)
The owner and operator of a hotel in Southern California received a Delaware bankruptcy court's permission Friday to continue using cash to support its operations as the company works to sell its properties an... (more story)
Drink packaging company Joriki USA Inc. received the green light on Friday in Delaware bankruptcy court for a sale of its assets at a $10.3 million purchase price.
A Delaware bankruptcy judge on Thursday said he would allow Dormify Inc. to borrow up to $265,000 in Chapter 11 financing as the dorm-room decorating retailer works to secure an agreement to sell its business.
A Texas bankruptcy judge said he would approve a global settlement between trucking company Kal Freight Inc., several of its secured lenders and its committee of unsecured creditors, as well as a $3.3 million ... (more story)