To access this content, a subscription to Bankruptcy Authority is required.
Purdue Ruling Threatens To Limit Broader Bankruptcy Powers
Steward Health Downfall Prompts Calls For Tighter Regs
Purdue Sets Stage For Boy Scouts Equitable Mootness Fight
Purdue Ruling Threatens To Limit Broader Bankruptcy Powers
The U.S. Supreme Court's narrow read of a bankruptcy statute in its decision to reject nonconsensual third-party releases in the Purdue Pharma case could curb courts' power to authorize a range of Chapter 11 requests that aren't explicitly allowed under the law.
Steward Health Downfall Prompts Calls For Tighter Regs
The magnitude of the financial troubles plaguing bankrupt hospital operator Steward Health Care has turned the Chapter 11 case into a flash point that should prompt a regulatory overhaul, according to a new report released by advocacy group Private Equity Stakeholder Project.
Purdue Sets Stage For Boy Scouts Equitable Mootness Fight
After the U.S. Supreme Court's ruling last week in the Purdue Pharma case, the Boy Scouts' bankruptcy plan is back in focus before a federal appeals court, potentially reigniting a heated debate over equitable mootness, a doctrine courts have long used as grounds to avoid reopening and tinkering with already-consummated bankruptcy plans.
Expert Analysis
The U.S. Supreme Court's recent decision in Harrington v. Purdue Pharma, holding that a Chapter 11 reorganization ... (more story)
The legal industry is engaged in a critical conversation about lawyers' mental health, but current attorney well-b... (more story)
The U.S. Supreme Court's recent nixing of OxyContin manufacturer Purdue Pharma's Chapter 11 proposal prevents the ... (more story)
Large Cap More
Electric-vehicle maker Fisker asked a Delaware bankruptcy court to consider a $46.25 million sale of its remaining vehicle fleet on shortened notice, saying that quickly closing the transaction will help the c... (more story)
Manhattan federal prosecutors on Tuesday concluded their case-in-chief in the $1 billion fraud trial of Chinese dissident Miles Guo, and the defense team began putting on its own witnesses to rebut the charges... (more story)
Market research and data firm Dynata LLC can emerge from bankruptcy, hand ownership to its secured lenders and trim $520 million from its balance sheet after a Delaware bankruptcy judge Tuesday approved its pr... (more story)
The Beasley Allen Law Firm and Johnson & Johnson continue to spar over the firm and attorney Andy Birchfield's role in long-running federal and state mass torts over talcum powder injuries, with the firm calli... (more story)
The former Texas bankruptcy judge whose secret relationship with a Jackson Walker LLP attorney ignited a major judicial ethics scandal has agreed to sit for a seven-hour deposition to answer questions about the episode.
Minority stockholders of Sears Hometown and Outlet Stores saw their class award in Delaware Chancery Court litigation trimmed from $18.3 million to $8.7 million Tuesday after former Sears CEO Edward S. Lampert... (more story)
A New York appellate court Tuesday barred Rudolph Giuliani from practicing law in New York, citing ample evidence that the former New York City mayor made repeated false statements about the 2020 presidential election.
The Supreme Court declined to weigh in Tuesday on the exculpations in the Chapter 11 plan from venture capital firm Highland Capital after parties in the case argued that more clarity was needed following the ... (more story)
Rudy Giuliani on Monday asked a New York federal bankruptcy judge to convert his voluntary Chapter 11 bankruptcy to a Chapter 7 proceeding, which would allow him to liquidate his assets to pay his debts.
Bankrupt Brazilian airline GOL Linhas Aereas Inteligentes SA can depose employees of a competitor accused of trying to poach airplane leases, a New York bankruptcy judge ruled on Monday, rejecting arguments th... (more story)
Mid Cap More
An insurance company asked a Delaware bankruptcy court Wednesday to let it pay defense expenses under a $5 million directors and officers policy for bankrupt biotechnology company DMK Pharmaceuticals Corp., wh... (more story)
Bankrupt grocery automation company Takeoff Technologies was unable to reach a deal with creditors to transfer a license to use its software and instead plans to remove the transfer from its debtor-in-possessi... (more story)
A New York bankruptcy judge will hear arguments next week over whether to convert Rudy Giuliani's Chapter 11 to a liquidation, a move his creditors denounced as gamesmanship with the bankruptcy system.
A group of Democratic senators led by banking committee chair Sherrod Brown, D-Ohio, called on the owners and banking partners of bankrupt fintech intermediary Synapse Financial Technologies to restore custome... (more story)
Counsel for toymaker Basic Fun told a Delaware bankruptcy judge on Tuesday the company is close to an agreement with secured creditors on a plan to restructure $65.7 million in funded debt and emerge from Chapter 11.
An accounting firm for the former operator of Hoboken University Medical Center has dodged more than $14.7 million in malpractice liability damages even though a New Jersey federal jury found it had violated p... (more story)
A Delaware bankruptcy judge indicated Monday that he wouldn't give final approval to the debtor-in-possession loan in Takeoff Technologies' Chapter 11 bankruptcy in its current form, giving the grocery automat... (more story)
A Delaware bankruptcy judge on Monday gave Illinois-based specialty pharmacy chain Optio Rx final approval for a $10 million debtor-in-possession financing package to fund its Chapter 11 case after hearing iss... (more story)
Highland Capital and parties opposed to the venture capital firm's Chapter 11 plan asked the U.S. Supreme Court to clear up how the high court's recent rejection of third-party claims releases in the Purdue Ph... (more story)
A New Jersey federal judge has denied a bid for a restraining order from a group of patients suing Johnson & Johnson over claims they were injured by its talc products, saying their concern that the company wo... (more story)