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Under The Radar: Bankruptcy News You May Have Missed
Rudy Giuliani was recently accused of ignoring subpoenas as two former election workers tried to collect on a $148 million defamation judgment, Steward Health Care creditors have opposed the formation of a tort claimants committee and Chinese exile Miles Guo's $26.5 million New Jersey mansion can be sold in Chapter 11.
Meet The Attorneys Guiding Exactech In Ch. 11
Joint implant manufacturer Exactech has hired attorneys from Ropes & Gray LLP and Young Conaway Stargatt & Taylor LLP, as the company's senior lenders prepare to make a stalking horse bid for its assets in a Chapter 11 case.
The Story Behind American Tire's Chapter 22 Bankruptcy
American Tire Distributors, one of the largest replacement tire suppliers in the country, filed its second Chapter 11 bankruptcy, unofficially known as a Chapter 22 in insolvency jargon, in Delaware earlier this month, citing a pandemic-fueled business bubble that has also affected other players in its changing industry.
Under The Radar: Bankruptcy News You May Have Missed
Rudy Giuliani was recently accused of ignoring subpoenas as two former election workers tried to collect on a $148 million defamation judgment, Steward Health Care creditors have opposed the formation of a tort claimants committee and Chinese exile Miles Guo's $26.5 million New Jersey mansion can be sold in Chapter 11.
Meet The Attorneys Guiding Exactech In Ch. 11
Joint implant manufacturer Exactech has hired attorneys from Ropes & Gray LLP and Young Conaway Stargatt & Taylor LLP, as the company's senior lenders prepare to make a stalking horse bid for its assets in a Chapter 11 case.
The Story Behind American Tire's Chapter 22 Bankruptcy
American Tire Distributors, one of the largest replacement tire suppliers in the country, filed its second Chapter 11 bankruptcy, unofficially known as a Chapter 22 in insolvency jargon, in Delaware earlier this month, citing a pandemic-fueled business bubble that has also affected other players in its changing industry.
Expert Analysis
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Large Cap More
The owner of the Vitamin Shoppe retail chain and other franchised businesses has filed for Chapter 11 protection in Delaware listing more than $1 billion in secured debt, about a year after the company went pr... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including perspectives from real estate leaders ahead of Tuesday's election, takeaways from the Advanced EB-5 Industry... (more story)
Discount retailer Big Lots got approval from a Delaware bankruptcy judge to sell off nearly three-dozen store leases the day after it said it had received no offers to beat a $760 million bid for the business as a whole.
Residential solar panel provider Lumio Holdings LLC received approval from a Delaware bankruptcy court on Friday to sell its assets to Zeo Energy Corp. — in a bid to provide $4 million in cash, transfer Zeo's ... (more story)
The U.S. Trustee's Office is exceeding its authority as a "watchdog" in seeking to claw back money paid to Jackson Walker LLP in bankruptcy cases because the judge presiding over those cases was having a secre... (more story)
Sullivan & Cromwell LLP's Andy Dietderich led the legal team that represented FTX Trading Ltd. in its $16 billion Chapter 11 reorganization — from its precipitous bankruptcy filing to the recent successful con... (more story)
Bankrupt OxyContin maker Purdue Pharma LP on Thursday won more time to continue mediating a new settlement with its owners — certain members of the Sackler family — and reported that it is nearing a deal, in a... (more story)
After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with member-owned ha... (more story)
A bankruptcy judge in Delaware has approved a settlement among the wind-down trust created through the Chapter 11 plan of defunct cryptocurrency firm Terraform Labs, the company's co-founder, the Luna Foundati... (more story)
Check out the Law360 Pulse Leaderboard to see which firms made the list of leaders in all-around excellence this year.
Mid Cap More
The U.S. Supreme Court said Monday it would let stand a Ninth Circuit decision finding late-filed returns prevented a taxpayer from discharging his federal tax debt in bankruptcy, rejecting the taxpayer's requ... (more story)
A New Jersey nonprofit that operates three hospitals filed for Chapter 11 in Delaware, saying it faced increased operating costs after COVID-19 and hopes to restructure its debt.
Casual dining chain TGI Fridays Inc. filed for Chapter 11 protection in Texas with nearly $151 million in debt, blaming the COVID-19 pandemic and its capital structure and planning a sale within two months.
The unsecured creditors committee for medical equipment service provider Avante Health's corporate parent has asked a Delaware bankruptcy judge to reject the company's proposed bankruptcy financing package, ar... (more story)
Oil and gas fracking services provider Nitro Fluids LLC received approval Friday for a $3.25 million sale of some of its assets to stalking-horse bidder KLX Energy Services LLC.
A Delaware bankruptcy judge Friday said he will approve the $6.35 million sale of the former owner of conservative social media platform Parler if the final deal sparks no objections after it is put on file.
A Texas bankruptcy judge on Friday approved Buca di Beppo's sale to lender Main Street Capital Corp. after overruling an objection by the Italian restaurant chain's creditors, allowing the company to continue ... (more story)
Reed Smith LLP has struck a deal with the U.S. Trustee's Office to take a $150,000 haircut on its fee application for representing shipping firm Eletson Holdings in its Chapter 11 case and explain its prepetit... (more story)
Troubled gym chain Blink Fitness has informed the Delaware bankruptcy court that a unit of U.K.-based global gym operator PureGym Ltd. was the successful bidder in the insolvent company's Chapter 11 asset auct... (more story)
A Delaware federal judge has upheld a decision by the bankruptcy judge overseeing the Chapter 11 case of medical device maker Stimwave Technologies to screen the filings of the company's ex-CEO and two of her relatives.