Expert Analysis

NC Rulings Show Bankruptcy Isn't Only For Insolvent Debtors

Two recent rulings from a North Carolina bankruptcy court show that lack of financial distress is not a requiremen... (more story)

Cannabis Ruling Lights Path For Bankruptcy Protection

A recent Massachusetts bankruptcy appellate court ruling in Blumsack v. Harrington leaves the door open for those ... (more story)

What Bankruptcy Deadline Appeal May Mean For Claimants

If the Third Circuit reverses a recent appeal made in In re: Promise Healthcare, litigation claimants within the c... (more story)

Large Cap More

Clothing Retailer Express Inc. Hits Ch. 11 With Sale Offer

Fashion retailer Express Inc. filed for Chapter 11 protection Monday in Delaware to help tame roughly $1.2 billion in debt, saying it has an offer from a group of buyers for the majority of its assets, includi... (more story)

SBF Inks Deal To Help FTX Investors Go After Promoters

Investors who launched multidistrict litigation over cryptocurrency exchange FTX's collapse asked a Florida federal judge Friday to bless their settlement with founder Sam Bankman-Fried, who has agreed to assi... (more story)

Creditor Committee Backs Yellow In Pension Fund Fight

The official committee of unsecured creditors in Yellow Corp.'s Chapter 11 bankruptcy has largely backed an objection from the debtor to several pension plans' claims for retirement-fund withdrawal liability, ... (more story)

NY Diocese Claims Rep Warns Of 'Disaster' If Ch. 11 Scrapped

The future claims representative for sex abuse victims in the bankruptcy case of the Roman Catholic Diocese of Rockville Centre told a New York judge Friday he could not "stand mute while this case barrels on ... (more story)

Bankruptcy Bill Seeks To Aid Sex Abuse Victims

A bill introduced in the U.S. House of Representatives would help sexual abuse victims by limiting the ability of their abusers to shield themselves by filing for bankruptcy, according to the bipartisan pair b... (more story)

9 Ex-Ingram LLP Attorneys Join Tarter Krinsky In New York

Tarter Krinsky & Drogin LLP announced that nine attorneys from the now-defunct firm Ingram LLP joined its New York office, expanding the firm's litigation, real estate, and landlord and tenant practice groups.

Curo Group Gets Final OK For $70M In Ch. 11 Financing

A Texas bankruptcy judge on Friday gave consumer lender Curo Group Holdings Corp. final permission to draw on $70 million in financing to pay its way through its Chapter 11 case.

4th Circ. Vacates Enviro Win In Mining Co. Permit Ruling

The special receiver for a defunct mining company can transfer mining permits for a site formerly owned by Patriot Coal Corp., the Fourth Circuit ruled, finding that a West Virginia federal judge interpreted a... (more story)

Yellow Corp. Likely Able To Keep Some Leases For Later Sales

A Delaware bankruptcy judge said Thursday he would probably approve troubled trucking company Yellow Corp.'s bid to assume more than 70 leases, but told the debtor and its landlords he needed until Friday to m... (more story)

J. Singer Law Group Adds New Bankruptcy Of Counsel

J. Singer Law Group PLLC has announced it hired bankruptcy attorney Ira Reid as the firm's new of counsel who will focus on its Chapter 11 bankruptcy practice.

Mid Cap More

Catching Up With Delaware's Chancery Court

Last week, Delaware's Chancery Court news included a Tesla announcement about moving to Texas, a midcase appeal of Tripadvisor's move to Nevada, and United Airlines' escape from a stockholder suit. Disputes ab... (more story)

SEC Says Terraform, Founder Owe $5.3B After Fraud Verdict

The U.S. Securities and Exchange Commission has asked a Manhattan federal judge to order bankrupt cryptocurrency exchange Terraform Labs and its founder to pay roughly $5.3 billion, weeks after a jury found th... (more story)

Ex-Axiom Ince Chief Faces Bankruptcy Petition

The former head of collapsed Axiom Ince Ltd. is facing a bankruptcy petition after being accused of misappropriating almost £65 million ($80.3 million) to fund the acquisition of Ince Group PLC and property purchases.

MediaMath Ch. 11 Case Dismissed After $22M Asset Sale

A Delaware bankruptcy judge has agreed to a structured dismissal of ad tech company MediaMath Holdings Inc.'s Chapter 11 case after the company's $22 million sale of its assets left it nothing remaining to reorganize.

Casino SPAC Can Return Money, Not Shares, Chancery Rules

Stockholders in a blank-check company that failed to merge with a Philippines-based casino are entitled to a distribution from $37.5 million sitting in trust, but the company may not redeem any shares until an... (more story)

Casa Systems Won't Take $18M Rival Bid For Telecom Assets

Troubled communications equipment supplier Casa Systems told a Delaware bankruptcy judge Friday it received a new offer for its cloud and radio access network unit that would fetch more cash than a previously ... (more story)

Life Sciences Biz NanoString Gets OK For $393M Ch. 11 Sale

Insolvent biotech company NanoString can be sold to scientific instrument maker Bruker Corp., a Delaware bankruptcy judge ruled Friday, after the buyer clinched the winning bid during a 14-hour Chapter 11 auction.

US Trustee Balks At 22% Rate On Petersen Health DIP Loan

The U.S. Trustee's Office objected Friday to senior living company Petersen Health Care's proposed bankruptcy financing, telling a Delaware judge that the combined 22% interest rate on the $45 million debtor-i... (more story)

US Trustee Balks At Releases In EV Charging Co.'s Ch. 11 Plan

The U.S. Trustee's Office on Friday objected to electric-vehicle charging company Charge Enterprises Inc.'s proposed Chapter 11 plan, telling a Delaware bankruptcy court it contains an "impermissibly broad" ex... (more story)

Quinn Emanuel Faces Class Action Over Fla. Fee Agreements

The wife of luxury home developer Nir Meir, who was charged with falsifying records and defrauding investors, is hoping to avoid paying more than $360,000 in attorney fees to Quinn Emanuel Urquhart & Sullivan ... (more story)