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

2nd Circ. Won't Revive Investor Fight Over Honeywell Spinoff

The Second Circuit affirmed Wednesday the dismissal of a proposed securities class action accusing a bankrupt Honeywell transportation business spinoff of misleading investors about significant risks it faced ... (more story)

Rite Aid's Ch. 11 Plan Called An 'Unmitigated Disaster'

An array of Rite Aid creditors, including a whistleblower, a former employee, and rivals Walmart, Walgreens and CVS, are fighting the insolvent drugstore chain's second amended Chapter 11 plan in New Jersey ba... (more story)

NY Court OKs Purdue Pharma's 5th KEIP For $7.2M

A New York bankruptcy judge on Wednesday approved bankrupt drug manufacturer Purdue Pharma LP's plan to pay out $7.2 million to three executives and agreed to seal some of the specifics of how the executives' ... (more story)

Missouri Moves To Block Biden's Student Loan Relief Plan

A Missouri-led state alliance wants a federal court to block further student loan relief planned by the Biden administration, claiming the president's lending forgiveness scheme will cost them hundreds of mill... (more story)

99 Cents Seeks Quick Ch. 11 Auction For IP, Real Estate

Bankrupt discount retail chain 99 Cents Only hopes to sell its real estate, store leases and intellectual property by May 21 as part of its speedy Chapter 11 winding down, according to an auction procedures mo... (more story)

Diamond Sports' $8B Ch. 11 Plan Cleared For Creditor Vote

A Texas bankruptcy judge on Wednesday signed off on the latest Chapter 11 disclosure statement of Bally Sports Network parent Diamond Sports after the debtor brought it forward without objection, making way fo... (more story)

Bankman-Fried Appeal May Cite Unusual Preview Testimony

Sam Bankman-Fried's appeal of his conviction and 25-year prison sentence may cite a "rather unprecedented" trial procedure in which the FTX founder gave provisional testimony before officially taking the witne... (more story)

Manatt Adds NY Bankruptcy, Financial Regulatory Partners

Manatt Phelps & Phillips LLP announced that it hired a pair of experienced New York-based attorneys who focus their practices on regulatory matters as partners in its bankruptcy and financial regulatory practices.

Albany Diocese Seeks Pause For Affiliate Abuse Suits

A New York bankruptcy judge Wednesday told the Roman Catholic Diocese of Albany and a sexual abuse claimants committee to come back in a week with proof claimants had consented to an agreement to suspend suits... (more story)

Akerman Taps Longtime Fla. Partner As Bankruptcy Co-Chair

Akerman LLP has named a Fort Lauderdale, Florida, partner with nearly three decades and a long history of leadership at the firm to co-chair its bankruptcy and reorganization group.

Mid Cap More

Ga. High Court Urged To Broaden Atty Malpractice Time Limit

Counsel for an Atlanta restaurateur urged the Supreme Court of Georgia on Wednesday to revive a malpractice claim against his former lawyer by allowing for a more expansive statute of limitations when breach o... (more story)

Chancery Orders Invictus Fund Manager To Hand Over Docs

A distressed credit and special situations fund that has battled its general partner and investment manager for months to hand over key records and documents won a partial victory in Delaware's Court of Chance... (more story)

Wilmington Trust Wants $33M For Defaulted Mortgage

Wilmington Trust accused a company in Delaware federal court of owing more than $33 million for a defaulted mortgage loan for a Wilmington, Delaware, property.

Kristen Bell's Baby Co. Proposes Ch. 11 Plan After $65M Sale

Unconditional Love Inc., the baby-product company founded by actress Kristen Bell that does business as Hello Bello, filed a Chapter 11 plan and disclosure statement in Delaware bankruptcy court following a $6... (more story)

4th Circ. Affirms No Shield From IRS For Home In Bankruptcy

A North Carolina man who filed for bankruptcy protection and owes federal tax debt cannot shield the house he owns with his wife from the Internal Revenue Service, which is pursuing the asset as a creditor in ... (more story)

Canadian Trucking Biz Nears Consensus On US DIP Approval

At a hearing on Tuesday in Delaware bankruptcy court, Canadian trucking company Pride Group appeared to reach a consensus with certain creditors that will allow it to gain provisional approval of its debtor-in... (more story)

Scrubs Biz Careismatic Says Ch. 11 Plan Disclosures Enough

Global medical scrubs distributor Careismatic Brands LLC has told a New Jersey bankruptcy judge its Chapter 11 plan and disclosure statement provide more than enough information to creditors who are eligible t... (more story)

Ex-Parler Owner Files For Ch. 11 With Over $10M Debt

The former owner of conservative-leaning Twitter alternative Parler filed for Chapter 11 protection in Delaware bankruptcy court Tuesday with more than $10 million in debt.

Terraform Creditors Say All Clear To Hire Crypto Tracing Firm

The creditors committee for bankrupt cryptocurrency startup Terraform Labs Pte. Ltd. said on Tuesday it had resolved the only issues the U.S. Trustee's Office had with the committee's request to hire an invest... (more story)

Biotech Co. NanoString Seeks OK For Ch. 11 Plan Vote

Biotechnology company NanoString Technologies Inc. has asked a Delaware bankruptcy judge to send its Chapter 11 plan out for a creditor vote as it takes bids for its assets.