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Behind Ex-McElroy Deutsch CFO's Ch. 11
Incora Ruling Poses New Risks For Contested Debt Deals
Meet The Team Guiding Tubular Synergy Through Ch. 11
Behind Ex-McElroy Deutsch CFO's Ch. 11
McElroy Deutsch Mulvaney & Carpenter's former chief financial officer, who has admitted to skimming off $1.5 million from his firm, has filed for bankruptcy in New Jersey as he faces both a civil suit and criminal charges over the embezzlement.
Incora Ruling Poses New Risks For Contested Debt Deals
A Texas bankruptcy judge's recent ruling on a 2022 financing deal at aircraft parts supplier Incora adds another twist in the still-nascent case law surrounding so-called creditor-on-creditor violence, forcing lawyers on both sides of contentious debt exchanges to adjust to new legal terrain.
Meet The Team Guiding Tubular Synergy Through Ch. 11
A pair of attorneys from Foley & Lardner LLP is steering Tubular Synergy Group LP, an oil and gas pipe distributor, through its Chapter 11 case in the Northern District of Texas as it seeks to restructure more than $50 million in debt.
Expert Analysis
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Large Cap More
A Delaware bankruptcy judge on Friday told the unsecured creditors of Invitae that they had not shown it was worthwhile to allow them to challenge the bankrupt genetic testing company's 2023 debt refinancing.
The jury in Chinese dissident Miles Guo's $1 billion fraud and racketeering case was forced to restart its verdict deliberations on Friday after a juror was cut loose for Google-searching Guo's fugitive financ... (more story)
Lawyers for the Roman Catholic Diocese of San Diego told a California bankruptcy judge Friday that the diocese is hoping to kick off new mediation efforts as it works to resolve more than 450 sexual abuse laws... (more story)
Rudolph W. Giuliani, former mayor of New York City and legal adviser to Donald Trump, had his Chapter 11 case dismissed Friday by a New York bankruptcy judge, who found that Giuliani's missing financial disclo... (more story)
Johnson & Johnson wants a New Jersey federal judge to toss a proposed class action alleging that the company has tried to intentionally prevent talc claimants from getting their day in court through a scheme o... (more story)
The U.S. Trustee's Office urged a Delaware bankruptcy judge to block electric-vehicle maker Fisker's proposed $46.25 million sale of its inventory, saying the fleet is being sold at "fire sale prices" the debt... (more story)
The foreign representatives for luxury e-commerce fashion company Farfetch Limited have asked a Delaware bankruptcy judge to extend U.S. recognition to the company's liquidation proceedings in the Cayman Islan... (more story)
Lawyers for the Diocese of Syracuse said they've come up with a process to collect creditor consent for third party releases in an already voted on reorganization plan, telling a New York bankruptcy judge Thur... (more story)
A New Jersey bankruptcy judge on Thursday approved Rite Aid's sale of most of its interests in a $567 million loan that it made, the proceeds of which it will distribute to creditors under its Chapter 11 reorganization plan.
President Joe Biden on Thursday tapped an attorney who most recently served as of counsel at Cohen Weiss & Simon LLP to head the Pension Benefit Guaranty Corp.
Mid Cap More
Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, sayi... (more story)
A Texas bankruptcy judge Thursday told pipe distributor Tubular Synergy Group LP he would carefully monitor its use of its main lender's cash collateral to continue to do business, while he approved a slate of... (more story)
A group of Sorrento Therapeutics Inc. shareholders has asked a Texas bankruptcy judge to reject $50 million in fee applications by lawyers for the drug developer, charging that the Chapter 11 case has been a "... (more story)
A New York federal court has refused to finalize a February decision dismissing all claims against an investment scheme created to hold collateralized loan obligations whose liquidation is at the center of a s... (more story)
A restructuring plan for Brazilian department store chain Americanas SA hit a roadblock Thursday when a New York bankruptcy judge questioned the treatment of noteholders that didn't consent to giving releases ... (more story)
California-based cloud technology developer CalAmp Corp. received confirmation of its prepackaged Chapter 11 plan on Thursday after making changes requested by the U.S. Trustee's Office and U.S. Securities and... (more story)
Pointing to hints of clarity in a distressed credit and special-situations fund's murky, 9-month-old battle for documents and cash held by its general partner and investment manager, a Delaware vice chancellor... (more story)
Grocery automation business Takeoff told a Delaware bankruptcy judge Thursday the company reached a deal with its unsecured creditors to end their opposition to its Chapter 11 financing and sale plans, as well... (more story)
A former U.S. bankruptcy judge being sued over a secret romantic relationship he had with a former Jackson Walker LLP lawyer who practiced in his court urged a Texas federal court on Thursday to toss the case,... (more story)
Los Angeles-based in-demand products maker SQ USA Inc. filed for Chapter 7 liquidation in California bankruptcy court with $21.3 million in debt after the company's business failed for the past few years.