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Brightmark Plastics' Path To A 'No Strings' Sale In Ch. 11
In the two years that it has been transforming used plastic into pyrolysis oil at its Indiana "circularity center," Brightmark Plastics Renewal LLC has struggled with capital expenses and production problems that left it unable to make enough to cover the costs of plant operations, leading it to file for bankruptcy on Sunday.
Meet The Attys Overseeing Forever 21's Latest Ch. 11
Los Angeles-based fashion retailer Forever 21 has hired lawyers from Paul Weiss Rifkind Wharton & Garrison LLP and Young Conaway Stargatt & Taylor LLP to guide its second Chapter 11 case in six years, as the company seeks to close more than 300 stores and find a buyer for its business, or wind down.
Catching Up With New Bankruptcy Case Action
From Forever 21 to several international businesses, here are some of the debtors in the latest new bankruptcy cases.
Brightmark Plastics' Path To A 'No Strings' Sale In Ch. 11
In the two years that it has been transforming used plastic into pyrolysis oil at its Indiana "circularity center," Brightmark Plastics Renewal LLC has struggled with capital expenses and production problems that left it unable to make enough to cover the costs of plant operations, leading it to file for bankruptcy on Sunday.
Meet The Attys Overseeing Forever 21's Latest Ch. 11
Los Angeles-based fashion retailer Forever 21 has hired lawyers from Paul Weiss Rifkind Wharton & Garrison LLP and Young Conaway Stargatt & Taylor LLP to guide its second Chapter 11 case in six years, as the company seeks to close more than 300 stores and find a buyer for its business, or wind down.
Catching Up With New Bankruptcy Case Action
From Forever 21 to several international businesses, here are some of the debtors in the latest new bankruptcy cases.
Expert Analysis
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Large Cap More
The Fifth Circuit partially reversed and remanded the Texas bankruptcy court's approval of defunct hedge fund Highland Capital Management's Chapter 11 plan, ruling that the bankruptcy court "exceeded its power... (more story)
A Texas bankruptcy judge on Wednesday approved a settlement between hospital operator Prospect Medical Holdings Inc. and landlord Medical Properties Trust Inc. that allows the debtor to launch a sale process f... (more story)
A Connecticut attorney suspended for two weeks over his role in the mishandling of Sandy Hook families' confidential records has asked a state court judge to credit him for a weeklong suspension he served more... (more story)
The former co-chair of Schulte Roth & Zabel LLP's business reorganization group has rejoined Cadwalader Wickersham & Taft LLP after more than a decade away from the firm, Cadwalader recently announced.
A lawyer who was barred from filing new petitions in the Southern District of New York bankruptcy court and was ordered to pay a $2,000 fine for an alleged pattern of filing and then abandoning bankruptcy case... (more story)
Bradley Arant Boult Cummings LLP said Wednesday that it has expanded its bankruptcy and corporate team in Houston with the addition of three attorneys from Chamberlain Hrdlicka White Williams & Aughtry, includ... (more story)
Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.
Bankrupt OxyContin maker Purdue Pharma LP filed a new Chapter 11 plan in a New York bankruptcy court, including a $6.5 billion payment from members of the Sackler family who own the company and $900 million fr... (more story)
A Texas bankruptcy judge on Tuesday sent Zips Car Wash LLC's Chapter 11 plan out for an April creditor vote with a settlement that could bring up to $5 million in recoveries for unsecured creditors.
A Manhattan federal judge sentenced a real estate investor and former owner of a Florida waterfront shopping complex to five years in prison Tuesday following a fraud conviction in connection with manipulating... (more story)
Mid Cap More
Benson Hill Inc., a company that develops a high-protein soybean, filed for Chapter 11 protection in Delaware bankruptcy court Thursday with $110.7 million in debt and plans to sell its assets through the case.
Clothing retailer Liberated Brands secured final approval of its debtor-in-possession loan Wednesday, telling a Delaware bankruptcy judge that it struck a settlement with an apparel designer in connection with... (more story)
A Delaware bankruptcy judge on Wednesday gave an Indiana plastic recycling plant permission to make an initial draw on $13 million in Chapter 11 financing as it heads toward a May sale of its assets.
The Office of the U.S. Trustee announced the appointment Tuesday of a four-member committee to represent unsecured creditors in the Texas Chapter 11 case of hydrocarbon driller Scanrock Oil & Gas Inc., includi... (more story)
An ad hoc group of royalty interest owners in the Chapter 11 case of Scanrock Oil & Gas Inc. told a Texas bankruptcy judge Wednesday that they will delay their bid seeking the appointment of an official royalt... (more story)
Plastics alternative maker Danimer Scientific Inc. has filed for Chapter 11 protection in Delaware listing about $400 million of debt, saying in a filing with the U.S. Securities and Exchange Commission that i... (more story)
A Delaware bankruptcy judge on Tuesday granted interim approval for Village Roadshow, the producer of major films like "The Matrix," to access part of a $12.7 million Chapter 11 financing package from its seni... (more story)
The bankruptcy trustee of failed fuel distributor Mountain Express Oil Co. has filed a second lawsuit over the Georgia company's alleged financial mismanagement, accusing its former top executives of using a h... (more story)
A small chain of home healthcare providers have lost their Subchapter V status in bankruptcy after a Texas judge ruled that they incorrectly excluded priority unsecured wage claims in their debt calculations t... (more story)
Gibson Dunn & Crutcher LLP has added a partner from Latham & Watkins LLP in New York, strengthening its capital markets practice group and expanding its expertise in high-yield debt, private credit and restruc... (more story)