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Meet The Attys In Pregnancy Tech Co. Nuvo's Ch. 11 Case
Chapter 11 Check In: WeWork Trims $4B Debt Load
The Story Behind Pregnancy Tech Co. Nuvo's Ch. 11 Case
Meet The Attys In Pregnancy Tech Co. Nuvo's Ch. 11 Case
Remote pregnancy monitoring band maker Nuvo Group USA Inc., which entered bankruptcy after a merger and failed fundraising left it cash strapped, has assembled a team of lawyers from Morris Nichols Arsht & Tunnell LLP and Hughes Hubbard & Reed LLP to guide it through Chapter 11.
Chapter 11 Check In: WeWork Trims $4B Debt Load
Coworking space provider WeWork exited bankruptcy in May after getting approval for a Chapter 11 plan that erases $4 billion in debt, overcoming opposition from landlords, unsecured creditors and its own founder. The company emerged as a leaner business with fewer office locations and lower rent payments.
The Story Behind Pregnancy Tech Co. Nuvo's Ch. 11 Case
Nuvo Group USA Inc., the distributor of a remote pregnancy monitoring band, was brought low when a merger between its parent and a special purpose acquisition company was followed by a substantial share redemption and additional funding was not forthcoming.
Expert Analysis
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Large Cap More
A Delaware bankruptcy judge Friday approved the $90.5 million sale of ventilator maker Vyaire Medical's businesses, overriding creditor arguments that a deal with lenders apportioning the sale proceeds would l... (more story)
The Fifth Circuit on Friday rejected petitions by two whistleblowers who allege that the U.S. Securities and Exchange Commission shortchanged them after they helped to uncover purportedly the largest fraud in ... (more story)
Bankrupt hospital operator Steward Health Care System has a tentative agreement that would eliminate over $6 billion of claims against it, keep the majority of its 31 hospitals operating while saving three fro... (more story)
Former FTX executive Ryan Salame is no longer seeking to vacate his guilty plea that he says Manhattan federal prosecutors induced with a false promise to halt a campaign finance probe into his partner Michell... (more story)
A California bankruptcy judge on Thursday slammed an attorney for what he called her "obnoxious" courtroom behavior, while the lawyer argued that a proposed liquidation plan for a defunct law firm could enrich... (more story)
Lannett Pharmaceuticals hit generic-drug maker Areva Pharmaceuticals with a contract suit in Delaware's Court of Chancery on Thursday, accusing Areva of breaching their 2022 agreement that gave Lannett exclusi... (more story)
A subcommittee urged the Judicial Conference's bankruptcy rule advisory committee to hold off on considering a ban on so-called mega bankruptcy panels at an upcoming meeting, saying a different committee's wor... (more story)
Apple and Meta are appealing a Connecticut bankruptcy judge's order giving the Chapter 11 trustee overseeing the estate of Miles Guo an additional six months to file suits to claw back payments made by the exi... (more story)
National pharmacy chain Rite Aid is set to exit Chapter 11 after a New Jersey bankruptcy judge Thursday found the state of Maryland missed the mark in its attempt to pause a reorganization plan from taking eff... (more story)
A Delaware bankruptcy judge on Thursday overruled an objection to bidding procedures for the assets of residential solar technology company SunPower Corp. from a former subsidiary, finding the dispute over use... (more story)
Mid Cap More
A Texas bankruptcy judge on Friday gave interim approval for bitcoin miner Rhodium to access $15 million of a $30 million debtor-in-possession financing package from blockchain company Galaxy Digital.
An embattled Pennsylvania-based bank has sought bankruptcy protection following its high-profile seizure by federal authorities as it grappled with $1.3 billion in debt, according to its latest filing in a tra... (more story)
Creditors of the Washington state water vending machine company Water Station Management LLC have filed an involuntary Chapter 11 petition in Texas bankruptcy court, citing at least $7.4 million in debt, as th... (more story)
The Georgia election workers who secured a $148 million judgment against former New York Mayor Rudy Giuliani in D.C. federal court hit him with a new lawsuit Friday, saying he is "pretending" to live in Florid... (more story)
A onetime international liquor trader for rap artist 50 Cent's booze business has lost a bid to protect his Connecticut residence from Sire Spirits LLC's attempt to recover a $7 million New York fraud judgment... (more story)
A Delaware bankruptcy judge Thursday approved over $12 million in baseline bids for one of Vintage Wine Estates wineries and three of its brands, the day after being told the bankrupt wine company has offers f... (more story)
The U.S. trustee has filed an objection to the Chapter 11 plan of seafood restaurant chain Red Lobster, saying it cannot be confirmed because it proposes that postconfirmation entities be exempt from payment o... (more story)
Troubled seafood chain Red Lobster gained a Florida bankruptcy judge's approval for its proposal to reject leases of an additional 23 restaurant locations slated to close at the end of the month.
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City National Bank of Florida sued a Louisiana-based Applebee's franchisee and three of its subsidiaries for $8.3 million, saying in a complaint filed Wednesday in Florida federal court that the companies defa... (more story)