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Pivot To Conventional Oil Offers Hope For Reorganized Vertex
Fuel refiner Vertex has effectuated its plan to emerge from bankruptcy by recapitalizing with up to $100 million in new financing while handing equity to old lenders, and experts say it may fare better now by focusing on conventional oil production.
NY Judge Scolds Firm Amid Rise In Real Estate Ch. 11s
A New York judge stripped a local Long Island law firm of nearly all its retainer and the legal fees it had submitted for pursuing what he described as a meritless Chapter 11 case, putting attorneys on notice that they should think twice before contributing to the flood of landlords filing for bankruptcy in an effort to escape foreclosure in his district.
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Meet The Attys In Plastic Suppliers' Ch. 11
Attorneys from Archer & Greiner PC are assisting Plastic Suppliers, a maker of compostable films and other plastic packaging, navigate its Chapter 11 case, while Porzio Bromberg & Newman PC is representing the official committee of unsecured creditors.
Pivot To Conventional Oil Offers Hope For Reorganized Vertex
Fuel refiner Vertex has effectuated its plan to emerge from bankruptcy by recapitalizing with up to $100 million in new financing while handing equity to old lenders, and experts say it may fare better now by focusing on conventional oil production.
NY Judge Scolds Firm Amid Rise In Real Estate Ch. 11s
A New York judge stripped a local Long Island law firm of nearly all its retainer and the legal fees it had submitted for pursuing what he described as a meritless Chapter 11 case, putting attorneys on notice that they should think twice before contributing to the flood of landlords filing for bankruptcy in an effort to escape foreclosure in his district.
Meet The Attys In Plastic Suppliers' Ch. 11
Attorneys from Archer & Greiner PC are assisting Plastic Suppliers, a maker of compostable films and other plastic packaging, navigate its Chapter 11 case, while Porzio Bromberg & Newman PC is representing the official committee of unsecured creditors.
Expert Analysis
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it... (more story)
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more co... (more story)
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it,... (more story)
Large Cap More
A Fifth Circuit decision rejecting mattress maker Serta Simmons' controversial "uptier" exchange offers new ammunition for an array of investors excluded from non-pro rata debt transactions, a development that... (more story)
Defunct trucking company Yellow Corp. told a Delaware bankruptcy judge on Thursday that its last delivery was made the day before it laid off 22,000 union workers, making it a "liquidating fiduciary" that woul... (more story)
In the lead-up to and aftermath of California hospital operator Prospect Medical Holdings Inc.'s $1 billion bankruptcy, Connecticut lawmakers are considering new regulatory powers, promising and penning oversi... (more story)
Bankrupt medical implant manufacturer Exactech asked a Delaware bankruptcy judge Thursday for permission to pay up to $5 million in bonuses to its top executives, saying they are performing necessary work for ... (more story)
The managing partner of White and Williams LLP's New York office has taken on the role of chair of the firm's financial restructuring and bankruptcy practice, where she plans to focus on improving the practice... (more story)
Chilean mobile phone operator WOM SA received a Delaware bankruptcy court's approval of its Chapter 11 plan disclosure statement on Thursday after resolving all objections from the U.S. trustee and an ad hoc g... (more story)
A bipartisan coalition of states on Thursday announced a $7.4 billion settlement in principle with the Sackler family and their company Purdue Pharma Inc., representing the largest settlement to date with the ... (more story)
National hospital chain Prospect Medical Holdings on Wednesday told a Connecticut federal judge that its recent Texas bankruptcy filing means a suit over a collapsed $435 million deal to sell its Connecticut-b... (more story)
The daughter of bankrupt billionaire Miles Guo on Tuesday lost her appeal of a Connecticut bankruptcy judge's ruling that the $10 million she reaped from the sale of a private jet is the property of her father... (more story)
Pennsylvania's highest court on Wednesday ruled a trial court had reasonable grounds to halt plans by now-bankrupt hospital operator Prospect Medical Holdings Inc. to discontinue emergency and acute care servi... (more story)
Mid Cap More
The U.S. Trustee's Office has urged a Delaware bankruptcy judge not to confirm Blink Fitness' Chapter 11 plan, arguing it is unfairly seeking to exculpate professionals for future acts and extend an injunction... (more story)
Bankrupt hospital owner CarePoint Health Systems Inc. received approval of its Chapter 11 plan disclosure statement Thursday after a Delaware bankruptcy judge heard about a string of modifications that resolve... (more story)
GenapSys is pushing back on Paul Hastings LLP's bid to force it to turn over documents that it had inadvertently released during discovery in a legal malpractice suit alleging that the law firm improperly draf... (more story)
A stalled developer received a Delaware bankruptcy judge's final seal of approval Thursday to use an $11 million loan funded by the California city where it planned to build a resort as it prepares to sell its... (more story)
Reed Smith fought back Tuesday against allegations by the purported new owners of Eletson Holdings that the BigLaw firm is "causing chaos" by refusing to withdraw as counsel of record in $102 million breach-of... (more story)
The official committee of unsecured creditors in drugmaker Nostrum Laboratories Inc.'s Chapter 11 case has asked a New Jersey bankruptcy judge for additional authority to help investment bank Raymond James fin... (more story)
Infowars host Alex Jones has asked Connecticut's highest court to review a $1.44 billion judgment for calling the Sandy Hook school massacre a "hoax," arguing his trial judge violated the state and federal con... (more story)
WeWork founder Adam Neumann's latest venture, a real estate company called Flow Life, bought a 16-acre Miami development site in a court-ordered sale for $70.5 million, or double an initial stalking horse bid ... (more story)
Silverview Credit Partners LP has filed an involuntary Chapter 7 petition in Delaware bankruptcy court against Blackford ATM Ventures, a Pennsylvania-based operator of a network of ATMs, claiming the company o... (more story)
The owner of a now-defunct LED screen distribution company lied to his Korean manufacturing partner about repaying an over $10 million debt in order to keep receiving shipments and pay himself a hefty salary, ... (more story)