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Container Store Hopes Debt Restructuring Leads To Growth
After a quick trip through Chapter 11, The Container Store has emerged as a private company in the control of its lenders, but its changes were largely to its balance sheet rather than its operations.
Meet The Attorneys Powering Battery Startup iM3NY's Ch. 11
IM3NY, a pre-revenue battery manufacturer, filed for bankruptcy in Delaware on Monday, looking to sell its assets by early April after it ran out of money and struggled to find investors needed for its New York factory. Guiding the startup is a team of Chipman Brown Cicero & Cole LLP lawyers.
Pandemic, Senate Probe Push Prospect Medical Into Ch. 11
The lingering effects of the COVID-19 pandemic, inflation, reimbursement limitations, shifting patient demographics and a cyberattack — along with a recent U.S. Senate investigation into private equity investment in healthcare — have led California-based hospital operator Prospect Medical Holdings Inc. to file for bankruptcy, with over $1 billion in debt.
Container Store Hopes Debt Restructuring Leads To Growth
After a quick trip through Chapter 11, The Container Store has emerged as a private company in the control of its lenders, but its changes were largely to its balance sheet rather than its operations.
Meet The Attorneys Powering Battery Startup iM3NY's Ch. 11
IM3NY, a pre-revenue battery manufacturer, filed for bankruptcy in Delaware on Monday, looking to sell its assets by early April after it ran out of money and struggled to find investors needed for its New York factory. Guiding the startup is a team of Chipman Brown Cicero & Cole LLP lawyers.
Pandemic, Senate Probe Push Prospect Medical Into Ch. 11
The lingering effects of the COVID-19 pandemic, inflation, reimbursement limitations, shifting patient demographics and a cyberattack — along with a recent U.S. Senate investigation into private equity investment in healthcare — have led California-based hospital operator Prospect Medical Holdings Inc. to file for bankruptcy, with over $1 billion in debt.
Expert Analysis
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Large Cap More
Satellite communications company Ligado Networks LLC's largest unsecured creditor asked a Delaware bankruptcy judge to reject the company's proposed $115 million Chapter 11 financing package, saying Ligado's s... (more story)
Pashman Stein Walder Hayden PC has added two attorneys, including one from Whiteford Taylor & Preston LLP, to continue to grow its bankruptcy, restructuring and creditors' rights practice in Delaware and beyond.
Bankruptcy attorneys from Weil Gotshal & Manges LLP steered hospital chain Steward Health Care's $9 billion bankruptcy and represented Scandinavian Airlines in its restructuring of $2 billion in debt across th... (more story)
A New York bankruptcy judge on Thursday agreed to stay sexual abuse claims filed under the state's Child Victims Act against the Roman Catholic Diocese of Rochester, deciding that a Second Circuit ruling in 20... (more story)
A Delaware bankruptcy judge on Thursday approved defunct trucking company Yellow Corp.'s $67 million asset sales for its owned and leased properties, saying the asset purchase agreements serve "the best intere... (more story)
A Delaware bankruptcy judge Wednesday ordered $25,000-a-day sanctions against Voizzit Technology Private Ltd. for interfering with three bankrupt subsidiaries of Indian educational technology giant Byju's, fin... (more story)
Bankrupt air carrier Spirit Airlines Inc. said in public securities filings Wednesday that it has rejected an offer from competitor Frontier Airlines to merge and will instead continue pursuit of its prearrang... (more story)
The Archdiocese of New York urged a New York state court to analyze coverage in phases for over 1,300 sex abuse lawsuits it and its affiliated entities face, arguing that because the "vast majority" of the und... (more story)
Jackson Walker LLP should have to return the more than $1 million paid to it by J.C. Penney given the firm's failure to disclose that one of its partners had a romantic relationship with the judge who had over... (more story)
Bankrupt firm MMA Law has filed adversary suits against two law firms in Texas bankruptcy court seeking to recover fees related to work done on behalf of hurricane victim clients that it says belong to its bankruptcy estate.
Mid Cap More
A New Jersey federal judge has denied a redevelopment agency's bid for a new trial in a land-taking battle after a jury determined it should pay $25.6 million for a 22-acre former Michelin Tire & Rubber Co. fa... (more story)
A Texas bankruptcy judge Wednesday put the operator of one of the world's largest cobalt refineries on course for a March hearing on a Chapter 11 plan to shed nearly $164 million in debt as it deals with depre... (more story)
KAL Freight Inc. expects to file a Chapter 11 plan in February that may toggle between a sale of the business or another form of reorganization, lawyers for the trucking group told a Texas bankruptcy judge on Wednesday.
A California woman is ineligible for relief from the tax liability she and her husband accrued due to incorrectly claimed retirement fund withdrawals, the U.S. Tax Court ruled Wednesday, upholding the Internal... (more story)
A Delaware bankruptcy judge on Wednesday gave interim permission for lithium-ion battery maker iM3NY to access part of a $17.5 million Chapter 11 financing from its senior lender, along with a host of other routine motions.
A Florida federal bankruptcy judge on Wednesday approved a $3 million settlement in the bankruptcy case of Vital Pharmaceuticals Inc., the company that produces Bang Energy drinks, but declined to seal an agre... (more story)
A South Carolina real estate rental company urged the North Carolina Supreme Court on Tuesday to overturn a lower court's decision that the company missed the window to enforce a debt because the automatic sta... (more story)
The Third Circuit on Wednesday seemed skeptical that Spector Gaden Rosen Vinci PC properly informed a bankruptcy court of the billing and services provided to a couple in a Chapter 7 case in which a judge sanc... (more story)
Sullivan & Cromwell LLP in 2024 carried two complex, crisis-driven Chapter 11s across the bankruptcy finish line, confirming plans for defunct crypto exchange FTX and the former operator of Silicon Valley Bank... (more story)
A cannabis dispensary facing a lawsuit from Lowenstein Sandler LLP for unpaid legal fees has fired back with a malpractice suit against the firm, alleging its attorneys helped the dispensary's former CEO in an... (more story)