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Meet The Attorneys Representing Prince Group's Liquidators
The joint provisional liquidators appointed by a British Virgin Islands court to oversee the wind-down of companies tied to the Prince Group and its alleged international crypto scamming and human trafficking enterprise have retained a team of lawyers from Sullivan & Cromwell LLP to guide them in a New York Chapter 15 bankruptcy case.
Saks Nears Lease Settlement, ABI Says Bankruptcies Up
Saks and mall owner Simon Property said they are closing in on an agreement resolving a dispute over leases, recycler Aleon Metals received plan approval and the American Bankruptcy Institute reported a first-quarter bump in bankruptcy filings.
What's Happening In Bankruptcy Court This Coming Week
Label-maker Multi-Color and film producer Village Roadshow will seek court approval for their respective Chapter 11 plans. Spirit Airlines is hoping to send the reorganization plan for its second bankruptcy off for a creditor vote. And creditors to Brazilian telecommunications group Oi SA will argue that a planned equity sale violates an earlier Chapter 15 order.
Large Cap More
Lenders and unsecured creditors to Inspired Healthcare Capital have told a Texas bankruptcy court it is too soon in the senior-living facility group's Chapter 11 case to appoint a mediator, arguing its mandato... (more story)
Liquidators for companies linked to a crypto scam network filed for Chapter 15 recognition, a battery recycler filed Chapter 11 with $143 million in debt, and a workforce housing developer began its own Chapte... (more story)
Saks Global Enterprises LLC on Tuesday secured a Texas bankruptcy judge's approval to sell a company jet for $6 million in the luxury retailer's Chapter 11 case.
Pharmacy services provider Omnicare's choice of a $250 million stalking horse bid for its assets was approved Tuesday by a Texas bankruptcy judge, setting up a possible auction in May.
Biotech investor Apple Tree Life Sciences Inc. asked a Delaware bankruptcy judge to let it use $7 million from a larger funding motion she has yet to rule on, saying it needs the money for operating expenses a... (more story)
A Texas bankruptcy judge on Monday denied a motion by Louisiana's Blue Cross affiliate to quash discovery requests concerning what the litigation trustee for bankrupt hospital chain Steward Health says are at ... (more story)
Rapper Cardi B has urged a Florida bankruptcy judge to sanction Tasha K, alleging the bankrupt YouTuber has been defying the terms of her own Chapter 11 Subchapter V plan by continuing a pattern of disparaging... (more story)
Lowenstein Sandler LLP expanded its newly launched Wilmington, Delaware, office this week with the addition of a four-attorney bankruptcy team from Polsinelli PC, including the former co-chair of Polsinelli's ... (more story)
Chinese property developer Kaisa Group is asking a New York bankruptcy judge to extend U.S. recognition to a restructuring of its $15.7 billion in debt that it underwent last year after being hit with Chinese ... (more story)
JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor ... (more story)
Mid Cap More
Texas-based multifamily housing developer Lurin has retained a team from Porter Hedges LLP to represent it and its affiliates after entering bankruptcy with over $73 million in debt to stave off impending foreclosures.
A federal judge ruled that a former employee of a bankrupt esports company cannot pursue a Connecticut wage claim against the company's CEO in that state, saying it would impose an "immense burden" on the Cali... (more story)
The co-founders of a defunct online legal adviser failed to block a creditor's demand for a £920,000 ($1.25 million) loan repayment, as a London court on Tuesday rejected their "vague and unparticularized" cla... (more story)
A Florida bankruptcy judge delayed confirming a cosmetic company's reorganization plan Monday after a creditor protested that its claim was inequitably subordinated in favor of a lender, which agreed to conver... (more story)
Battery recycling company Ascend Elements has filed a proposed bidding procedures motion in its Texas Chapter 11 case, seeking to hold a hearing for a sale of its assets by May 17.
The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the... (more story)
A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that allowing discovery... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including the law firms that led real estate and hospitality deals in the first quarter, and examples of how tariffs a... (more story)
A Texas-based workforce housing developer with affiliates and executives facing litigation from lenders has filed for Chapter 11 protection in Texas bankruptcy court with over $73 million in debt.
Radio station operator Spanish Broadcasting System Inc. announced Friday it had entered into a restructuring support agreement with a majority of its secured noteholders to complete a prepackaged debt-for-equi... (more story)