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How Midwest Christian Villages Wound Up In Ch. 11
New SDNY Bankruptcy Judge Brings Big-Case Experience
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Voyager Ch. 11 Plan Appeal Tests Scope Of Purdue Ruling
How Midwest Christian Villages Wound Up In Ch. 11
Midwest Christian Villages Inc., a faith-based healthcare nonprofit operating senior-living facilities, suffered diminished patient intake and higher labor costs while it lurched through COVID-19 and then the following inflation spike, ultimately hitting Chapter 11.
New SDNY Bankruptcy Judge Brings Big-Case Experience
The Southern District of New York's newest bankruptcy judge comes to the bench with experience working on some of the largest financial bankruptcy cases of the last 20 years and with the difficulties of keeping the district's courts running through a pandemic.
Voyager Ch. 11 Plan Appeal Tests Scope Of Purdue Ruling
A federal judge in New York must decide whether the U.S. Supreme Court's decision wiping out liability releases in the Purdue bankruptcy case does the same for professionals in former cryptocurrency exchange Voyager's Chapter 11, as the U.S. Trustee's Office tests just how broad the bombshell ruling was.
Expert Analysis
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Large Cap More
The Eighth Circuit has blocked the Biden administration from implementing another plan for student loan forgiveness while the appellate court considers a Missouri-led state alliance's injunction request, accor... (more story)
The Fifth Circuit Court of Appeals reversed a Louisiana bankruptcy court's decision applying the automatic stay of litigation to a group of children suing the bankrupt Archdiocese of New Orleans, saying the la... (more story)
A New York bankruptcy judge said he wasn't prepared to decide if joint liquidators of Silicon Valley Bank's Cayman Islands arm have standing to bring a $476 million claim in the Chapter 11 of the bank's former... (more story)
Prison health provider YesCare Corp. says it has reached a $75 million settlement of claims against bankrupt spin-off Tehum Care Services, replacing a $54 million deal rejected by a Texas bankruptcy judge in April.
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A Delaware district court Thursday ruled hedge fund Camshaft Capital Fund LP cannot hold off a contempt order from a Delaware bankruptcy court in the Chapter 11 case of Byju's Alpha while it appeals the sancti... (more story)
A California federal judge rejected disgraced lawyer Tom Girardi's motion to have his closely watched wire fraud trial moved to October from its current August start date, determining that he was unable to pro... (more story)
Womble Bond Dickinson's growing New York office is welcoming a capital markets and structured finance attorney after his more than 10 years with Hogan Lovells, most recently in Brazil.
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Pashman Stein Walder Hayden PC has added to its Wilmington, Delaware, office a bankruptcy attorney who most recently worked at Whiteford Taylor & Preston LLC and also spent more than 30 years at Troutman Peppe... (more story)
Mid Cap More
An attorney seeking summary judgment in a legal malpractice suit told a New York federal judge that, five years and three courts later, the owners of the Foothills Club West Golf Court have still failed to pro... (more story)
Red Lobster's well-known Times Square location in New York City is off the chopping block of potential closures, for now, along with 112 other outposts of the casual dining seafood chain, after the troubled co... (more story)
Pool supply company Hayward Industries Inc. is looking to force responses from the alter egos of bankrupt rival Blueworks Corp. regarding their assets, bank accounts and property so that Hayward can collect on... (more story)
UpHealth Holdings Inc. has asked a Delaware bankruptcy judge to approve proposed bidding procedures governing the sale of the debtor's equity in non-debtor subsidiary TTC Healthcare, a behavioral health compan... (more story)
The Los Angeles-based casual restaurant chain that operates Tender Greens and Mexican eatery Tocaya, One Table Restaurant Brands LLC, filed for Chapter 11 bankruptcy Wednesday in Delaware bankruptcy court, wit... (more story)
Delaware firm Richards Layton & Finger PA has appointed two seasoned attorneys who have each been with the firm for more than three decades to serve as chairs for its bankruptcy and corporate restructuring dep... (more story)
The First Circuit upheld roughly $32 million in fees, disgorgement and interest the U.S. Securities and Exchange Commission won against a Nevada-based investment adviser, who was found to have defrauded client... (more story)
A healthcare nonprofit operating senior living facilities across 10 locations in the Midwest filed for Chapter 11 under $50 million in debt after COVID-19 induced increased costs for labor and supplies.
A lawyer for Gibson Guitars' charitable arm told a Boston federal jury Wednesday that a music store has refused to return a rhinestone-encrusted grand piano once used by Liberace, wrongly claiming it was given as a gift.
Creditors of orthopedic clinic operator Pioneer Health Systems asked a Delaware bankruptcy judge to turn control of the business over to the Subchapter V Trustee in the Chapter 11 case, saying Pioneer is vying... (more story)