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![A logo sign outside of a facility occupied by Pitney Bowes Inc., in Mississauga, Ontario, Canada, on April 15, 2017. Photo by Kristoffer Tripplaar *** Please Use Credit from Credit Field ***(Sipa via AP Images)](https://assets.law360news.com/1870000/1870719/abf43021acbb082b2223dac72f07d20ff4f4462c-can__corporations_in_canada_74025.jpg)
Why Pitney Bowes Spun E-Commerce Biz Off Into Ch. 11
A heated proxy battle, big capital outlays and more than $570 million in losses set the stage for shipping company Pitney Bowes to spin off its e-commerce unit and send it into Chapter 11 in a Texas bankruptcy court.
![A close-up shows a musician playing the electric guitar during a concert. (iStock.com/9parusnikov)](https://assets.law360news.com/1870000/1870357/7e6665b6f6615eb76994b176293510cda6d6391d-istock-2104421890.jpg)
How The Music Stopped At Bankrupt NY Music Spot OWL
Brooklyn music venue Our Wicked Lady, a last vestige of East Williamsburg's "DIY" scene of scrappy, independent rock venues, filed for bankruptcy this week shortly after it celebrated nine years in operation.
![Kiel Skrobacz, an assistant store manager at Lumber Liquidators in Lutz, Fla., sticks yellow sale tags on products on Thursday, March 12, 2015. A "60 Minutes" expose reported the company's Chinese-made laminate flooring contained high levels of formaldehyde, a carcinogen. The founder and chairman of the company said Friday that the retailer currently has no plans to stop selling laminate flooring made in China, even as it continues to face fallout from the report that questioned the safety of such laminates. (AP Photo/Tampa Bay Times, Rachel Crosby)](https://assets.law360news.com/1870000/1870257/3f441f2085dedbfb3db93b4d6ffe58a34ed0e404-formaldehyde-flooring.jpeg)
Behind The Proxy Fight Leading Up To LL Flooring's Ch. 11
LL Flooring had struggled with declining sales and increasing costs for years before it sought Chapter 11 protection Sunday to avoid defaulting on its loans and find a buyer. But in recent months, the national home renovation supplier was also warding off a shareholder's campaign to install new directors in the face of a plummeting stock price.
Large Cap More
Federal prosecutors have notified the Second Circuit that they'll appeal a judge's findings that the loss amount in the case of Platinum Partners co-founder Mark Nordlicht was zero and the wire fraud conspirac... (more story)
Consulting giant McKinsey & Co. should pay at least $1.5 billion to cover costs pharmaceutical developer Endo International racked up defending against claims that it helped drive the opioid crisis, an unsecur... (more story)
Months after a Virginia bankruptcy court blocked Vinson & Elkins LLP from representing Enviva in the wood pellet maker's Chapter 11 case due to a possible conflict of interest, the court has reversed course, p... (more story)
Former bankruptcy judge David R. Jones was sanctioned Friday for an "off the record" interview with Jackson Walker LLP, in which he asked the firm not to take his deposition during a federal investigation into... (more story)
A Texas bankruptcy judge on Friday gave bankrupt hospital operator Steward Health Care the go-ahead to sell its physician network to an affiliate of private equity firm Kinderhook Capital for $245 million.
Utah-based law firm Parsons Behle & Latimer PC has added its 11th office by adding five attorneys from St. George, Utah, business law firm Gallian Welker & Associates.
A South Carolina jury awarded a cancer patient more than $63 million Thursday after he said he developed terminal lung cancer from breathing in asbestos during daily use of Johnson & Johnson's talc-based baby powder.
A University of Southern California neurology professor testified Thursday in Tom Girardi's California federal criminal trial that she diagnosed him with mild-to-moderate dementia months after his law firm col... (more story)
A Connecticut federal judge on Thursday tossed Par Pharmaceutical Cos. Inc. from two price-fixing lawsuits after the defendant and its parent, Endo International PLC, recently filed the Chapter 11 reorganizati... (more story)
Counsel for the Chinese state-owned construction firm that built the Bahamian luxury resort Baha Mar closed out a bench trial in New York state court on Thursday arguing that it was the resort developer's over... (more story)
Mid Cap More
A New Jersey office property owned by New York developer Moshe Gold filed for federal Chapter 11 bankruptcy protection after facing a foreclosure action and an involuntary bankruptcy petition that paused a she... (more story)
Antonia Milonas, the widow of late Greek shipping magnate Spiros Milonas, is seeking bankruptcy protection in New York with about $6.7 million in debt owed to the IRS, her mortgage lender and others.
A Delaware bankruptcy judge said Friday that defunct cryptocurrency exchange Bittrex Inc. can close its Chapter 11 case on the condition that it reserves $3.4 million in funds for four Iranian customers who ar... (more story)
A group of roughly two dozen states threw their support behind the federal government in asking the U.S. Supreme Court to overturn a ruling that forced the IRS to return a tax payment after a bankruptcy truste... (more story)
A New Jersey bankruptcy judge agreed on Thursday to approve music retailer Sam Ash Music's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office to the proposal's third-party releases.
A credit reporting agency at the center of a $73 million U.S. Securities and Exchange Commission lawsuit is seeking to force a retired Latham & Watkins LLP partner to hand over his discussions with a pair of S... (more story)
Skin cancer test maker DermTech Inc. told a Delaware bankruptcy judge on Thursday that after a two-day auction it had a winning bid of $1.575 million for substantially all of its assets, including intellectual property.
The convicted founder of drugmaker Insys has told Delaware's Chancery Court he agreed to accept a $175 million judgment as part of a settlement with the company's liquidation trust over his role in an opioid k... (more story)
A Manhattan federal judge hit a defunct unit of bankrupt biotechnology concern DMK Pharmaceuticals Corp. with a $10.2 million fine Thursday, after the subsidiary admitted to criminally faking horse-drug prescr... (more story)
Three Allen Overy Shearman Sterling partners have been elevated as co-heads of the firm's Latin America practice, the firm has announced.