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Giuliani Settles Asset Turnover, FDIC Sues SVB Ex-CEO
Rudy Giuliani has turned over assets for a $148 million defamation judgment to former Georgia poll workers, following his absence at a recent trial. A Delaware bankruptcy judge criticized Dormify's founder for skipping a hearing on the retailer's Chapter 11 case. The FDIC sued Silicon Valley Bank's ex-CEO and other executives, alleging they mismanaged the company in the lead-up to its collapse in 2023. Meanwhile, a failed bidder for Alex Jones' Infowars increased its offer, as The Onion's parent company prepared a revised bid of its own.
Under The Radar: Bankruptcy News You May Have Missed
Drugmaker Nostrum sought for more time to file a Chapter 11 plan, Swedish debt collection agency Intrum asked a Texas bankruptcy court to enforce its plan that a group of noteholders are opposing, and former employees of a bankrupt drink packager alleged they were unlawfully laid off without any advance warning.
Meet The Attorneys In Joann Inc.'s Ch. 11 Case
A team of attorneys from Kirkland & Ellis LLP and Cole Schotz PC are guiding craft supplies retailer Joann Inc. through its second Chapter 11 case in less than a year after inventory issues and a slow retail economy left it unable to pay its debts.
Giuliani Settles Asset Turnover, FDIC Sues SVB Ex-CEO
Rudy Giuliani has turned over assets for a $148 million defamation judgment to former Georgia poll workers, following his absence at a recent trial. A Delaware bankruptcy judge criticized Dormify's founder for skipping a hearing on the retailer's Chapter 11 case. The FDIC sued Silicon Valley Bank's ex-CEO and other executives, alleging they mismanaged the company in the lead-up to its collapse in 2023. Meanwhile, a failed bidder for Alex Jones' Infowars increased its offer, as The Onion's parent company prepared a revised bid of its own.
Under The Radar: Bankruptcy News You May Have Missed
Drugmaker Nostrum sought for more time to file a Chapter 11 plan, Swedish debt collection agency Intrum asked a Texas bankruptcy court to enforce its plan that a group of noteholders are opposing, and former employees of a bankrupt drink packager alleged they were unlawfully laid off without any advance warning.
Meet The Attorneys In Joann Inc.'s Ch. 11 Case
A team of attorneys from Kirkland & Ellis LLP and Cole Schotz PC are guiding craft supplies retailer Joann Inc. through its second Chapter 11 case in less than a year after inventory issues and a slow retail economy left it unable to pay its debts.
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Large Cap More
The final holdouts among two branches of Sackler family members are ready to join a settlement in the bankruptcy of OxyContin maker Purdue Pharma LP, a business owned by the family, according to a report from ... (more story)
Jones Day has asked a New York bankruptcy judge to approve the firm's request for almost $3 million in pay and expenses for shepherding a Roman Catholic diocese on New York's Long Island through its Chapter 11... (more story)
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The Federal Deposit Insurance Corp. has sued Silicon Valley Bank's former CEO Gregory Becker and other top brass in California federal court in a bid to put them on the hook for the bank's costly 2023 failure,... (more story)
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Joann Inc. is racing to find a going concern buyer before mid-February, or it will take an offer from a firm that plans to liquidate the 80-year-old national craft supply retailer, attorneys told a Delaware ba... (more story)
Mid Cap More
The Fourth Circuit has backed a $31 million default judgment entered against a former NASCAR team manager as a sanction after what the published opinion called "egregious behavior" during discovery and "willfu... (more story)
The Aztec Fund Holding Inc., a bankrupt private equity group that invests in office buildings, defended its Chapter 11 plan during a Friday confirmation hearing in Texas against a lender that called it unreali... (more story)
A Delaware bankruptcy judge told a New Jersey-based hospital system Friday that its Chapter 11 plan disclosures lacked the necessary information for creditors to make an informed decision about the plan and en... (more story)
A Delaware bankruptcy judge sharply criticized Dormify Inc. after its founder didn't appear at a hearing Friday, ordering a hearing on whether to dismiss the dorm-room decorating retailer's Chapter 11 case or ... (more story)
A New Jersey state court judge dismissed part of Lowenstein Sandler LLP's $800,000 fee suit against a cannabis dispensary former client Thursday and told the firm it must give the former client the notice of i... (more story)
A Delaware bankruptcy judge agreed Thursday to grant interim approval of a request from Mondee, the developer of an app for travel agents, to access a portion of the bankruptcy financing it secured from its pr... (more story)
Creditors for developer Diamondhead Casino Corp., which has been trying for years to build a casino in Mississippi near the Gulf Coast, pressed a Delaware bankruptcy judge to liquidate the company, saying it's... (more story)
Bankrupt automotive finance company Vroom Inc. has emerged from bankruptcy free of $290.5 million in convertible note debt, it has announced.
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A Delaware bankruptcy judge granted partial summary judgment to the liquidating trust for defunct retailer Fred's Inc. in its bid to recover more than $3 million it paid to logistics company C.H. Robinson Co. ... (more story)