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Judge Romance Row Remanded, Ch. 11 Plans Approved
A Texas federal judge sent part of a dispute over a former bankruptcy judge's secret romance with a onetime Jackson Walker partner back to the court where the disgraced jurist once oversaw high-profile insolvencies, ordering the CEO of a defunct barge operator to seek standing in Texas bankruptcy court.
Meet The Attys Advising Skin Care Tech Co. Cutera In Ch. 11
Cutera Inc., a skin care and beauty technology company, has hired lawyers from Hunton Andrews Kurth LLP and Ropes & Gray LLP to help it address unsustainable debt through a pre-packaged debt-swap Chapter 11 plan.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Yellow Corp.'s Chapter 11 plan, saying its exculpation provisions cover ineligible people and entities. Bernie Madoff's liquidation trustee has begun doling out another $76 million to claimants. And clothing retailer Delta Apparel made a bid to pivot to a wind-down in its bankruptcy that was opposed by tax claimants in Texas.
Judge Romance Row Remanded, Ch. 11 Plans Approved
A Texas federal judge sent part of a dispute over a former bankruptcy judge's secret romance with a onetime Jackson Walker partner back to the court where the disgraced jurist once oversaw high-profile insolvencies, ordering the CEO of a defunct barge operator to seek standing in Texas bankruptcy court.
Meet The Attys Advising Skin Care Tech Co. Cutera In Ch. 11
Cutera Inc., a skin care and beauty technology company, has hired lawyers from Hunton Andrews Kurth LLP and Ropes & Gray LLP to help it address unsustainable debt through a pre-packaged debt-swap Chapter 11 plan.
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Yellow Corp.'s Chapter 11 plan, saying its exculpation provisions cover ineligible people and entities. Bernie Madoff's liquidation trustee has begun doling out another $76 million to claimants. And clothing retailer Delta Apparel made a bid to pivot to a wind-down in its bankruptcy that was opposed by tax claimants in Texas.
Expert Analysis
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Large Cap More
Democratic Sen. Elizabeth Warren called out deputy defense secretary nominee Stephen Feinberg on Sunday for a "clear conflict of interest" due to his ties to Ligado Networks, which is suing the federal governm... (more story)
A Texas bankruptcy judge Monday agreed to confirm a Chapter 11 plan for the bankrupt parent of snack maker Hearthside Food Solutions, overruling an objection from the U.S. Trustee's Office alleging the plan wo... (more story)
The U.S. government sued the Federal Deposit Insurance Corp. in D.C. federal court as receiver for the failed First Republic Bank, alleging the bank understated its withholding tax for U.S.-sourced income of f... (more story)
Manhattan-based Pierson Ferdinand LLP announced Monday the hiring of two former partners at CM Law PLLC for its bankruptcy, financial restructuring and reorganization practice.
Loeb & Loeb LLP has expanded its litigation offerings in New York with the addition of five attorneys from Kasowitz Benson Torres LLP, including the leaders of the firm's software litigation and real estate li... (more story)
A Delaware bankruptcy judge on Monday asked the Chapter 11 plan administrator of defunct cryptocurrency software developer Terraform Labs to slightly modify instructions for creditors filing claims for its col... (more story)
Prison healthcare company Wellpath Holdings Inc. asked a Texas bankruptcy judge for another 120 days to work on its Chapter 11 plan and collect votes for it, saying it needs the added time to address issues wi... (more story)
Communications software company Mitel Networks filed for Chapter 11 protection Monday in a Texas bankruptcy court with a prepackaged equity-swap plan it says will cut $1.15 billion from its more than $1.3 bill... (more story)
A New York bankruptcy judge has declined to pause Greek shipping group Eletson Holdings' Chapter 11 plan while its former owners appeal the plan's confirmation, handing the company's current management a win a... (more story)
Medical implant maker Exactech asked a Delaware bankruptcy judge to approve debtor-in-possession loan changes that would free up $31 million, saying it's running low on funding for its Chapter 11 case.
Mid Cap More
The official committee of unsecured creditors in the Chapter 11 case of coal producer White Forest Resources Inc. objected to the debtor's proposed bankruptcy financing package, saying it is an insider transac... (more story)
An insurer has asked a Delaware bankruptcy judge to reject CarePoint Health Systems' Chapter 11 plan, saying it is designed to unfairly benefit the debtor's landlord with liability releases.
A Delaware bankruptcy judge has approved trash-to-gas fuel refiner Fulcrum BioEnergy Inc.'s Chapter 11 plan disclosure statement, which would grant the company's unsecured creditors up to $325 million, ahead o... (more story)
A receiver overseeing the possible sale or liquidation of a Massachusetts cannabis retailer asked a judge to order the return of more than 900 packages of product taken from its cultivation facility days befor... (more story)
Jack Cooper Transport Co., a trucking firm that specializes in transporting vehicles, has launched a Chapter 7 case in Delaware bankruptcy court, listing at least $100 million in debt.
Addleshaw Goddard has obtained a bankruptcy order against a former boss of London Capital & Finance after a court ruled he defrauded investors out of £237 million ($306 million) by running the investment compa... (more story)
A hearing for bankrupt trucking company KAL Freight to determine whether to convert the case to a Chapter 7 liquidation was pushed back to next week as the debtor tried to finalize a Chapter 11 asset sale.
Bankrupt electric vehicle and hydrogen fueling technology maker Nikola Corporation received approval Friday in Delaware for its proposed bidding procedures, which seek to conduct an auction for its asset in a month's time.
A cannabis dispensary has urged a New Jersey state court to reject Lowenstein Sandler LLP's bid to consolidate its malpractice suit against the firm and the firm's unpaid legal fee suit against the business, s... (more story)
An investment advisory firm has asked the U.S. Supreme Court to review a First Circuit ruling that upheld an order for the firm to pay $22 million in disgorgement to the U.S. Securities and Exchange Commission... (more story)