Expert Analysis

Risks Of Rejecting Hotel Management Pacts Via Bankruptcy

In recent years, hotel owners have paid a high price when they attempted to use bankruptcy proceedings to prematur... (more story)

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)

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Alex Jones' InfoWars To Have Key Ch. 11 Plan Hearing In June

A Texas bankruptcy judge on Monday rescheduled to June 14 a key hearing on how the court should handle Alex Jones' media company Free Speech Systems LLC's Chapter 11, adding that he plans to keep the separate ... (more story)

Endo Creditor Trust Asks For $50M In Litigation Financing

The committee of unsecured creditors in the Chapter 11 case of pharmaceutical company Endo International asked a New York bankruptcy judge Monday for permission to enter into a $50 million secondary financing ... (more story)

Ebix Can Use Proceeds Of $386M Sale To Pay Down Debt

A Texas bankruptcy judge on Monday agreed to grant insurance software provider Ebix's request to tap a portion of the $386 million sale of its North American life and annuity assets to repay its prepetition le... (more story)

Westinghouse Estate Can Sue US Trustee For $5M Fee Refund

Westinghouse's wind-down entity won permission Monday to reopen the nuclear energy giant's reorganization case and file an adversary lawsuit against the U.S. Trustee's Office, which, it alleges, overcharged th... (more story)

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.

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Petersen Health Shouldn't Get LLCs Back, Creditor Says

A loan servicer of bankrupt senior-living company Petersen Health Care has asked a Delaware bankruptcy court to dismiss the Chapter 11 cases of 16 of Petersen's affiliates, saying they could not file for bankr... (more story)

Atty Says Class Bid Over Bankrupt Firm's Hurricane Ads Fails

A proposed class action against troubled Houston law firm MMA Law Firm, a former partner and others accused of participating in an illegal scheme to scare up profitable litigation following a hurricane doesn't... (more story)

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)