Expert Analysis

Ch. 11 Case Shows Why Plan Acceptance Procedures Are Key

Sunland Medical's recent liquidation plan proposal is an important example of how top-notch judges and attorneys p... (more story)

Risks Of Rejecting Hotel Mgmt. Agreements 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)

Large Cap More

Kwok Jurors To Be Anonymous Amid Harassment Concerns

Jurors who will decide the criminal fraud and racketeering case against exiled Chinese billionaire Ho Wan Kwok will be anonymous and partially sequestered, a New York federal judge said on Wednesday, ruing tha... (more story)

Nuclear Fuel Co. Investor Sues Over Hair-Trigger 'Poison Pill'

A Centrus Energy Corp. stockholder on Wednesday hit the company, as well as current and former directors, with a proposed class action in Delaware Chancery Court, challenging allegedly hair-trigger shareholder... (more story)

Noteholders Say Chilean Telecom Lacks US Ties For Ch. 11

A group of WOM SA noteholders asked a Delaware bankruptcy judge to dismiss the Chilean cellphone network operator's Chapter 11 case, saying the company has no connections with the United States and courts here... (more story)

Oligarch's Family Can't Nix €1.5B Bankruptcy Bid

The widow and a daughter of the late Russian cement oligarch Oleg Bourlakov stumbled in their global legal battle with relatives over his fortune after a London judge declined to stop €1.48 billion ($1.59 bill... (more story)

7th Circ. Revives Suit Over Paper Co.'s ESOP Valuation

The Seventh Circuit reopened a suit claiming executives at a defunct paper company and financial advisers overvalued the business to persuade workers to put retirement savings into an employee stock ownership ... (more story)

PRA Asks Banks To Review Private Equity Exposure

The Prudential Regulation Authority asked banks to review and assess their current practices to ensure they align with the regulator's expectations for effective risk management concerning private equity-linke... (more story)

WeWork Urged To Add Info Ahead Of Ch. 11 Plan Doc Hearing

Bankrupt flexible office space company WeWork Inc. will present its Chapter 11 plan disclosure statement for court approval April 29 in New Jersey, but a judge there urged the debtor to add significant informa... (more story)

Retailer Express Inc. Gets OK To Tap $35M In DIP Financing

A Delaware bankruptcy judge on Tuesday said she would approve Express Inc.'s request to borrow $35 million in debtor-in-possession financing and to roll up other debt so that the apparel retailer can stay aflo... (more story)

ABI Names Christopher Ward President, Elects New Directors

Christopher A. Ward of Polsinelli LLP will lead the American Bankruptcy Institute as president for a one-year term, the organization said Tuesday, and U.S. Bankruptcy Judge Bruce Harwood will succeed him next April.

DOJ Unveils $139M Deal For Larry Nassar Victims

The U.S. Department of Justice will pay $138.7 million to settle 139 tort claims accusing the Federal Bureau of Investigation of not doing enough to stop the sprawling, decades-long sexual abuse of hundreds of... (more story)

Mid Cap More

UpHealth Wants Out Of Ex-Shareholder Claims In Ch. 11

Bankrupt healthcare company UpHealth and its bankrupt subsidiary Thrasys Inc. have asked a Delaware bankruptcy court to toss claims filed by the representative for the former shareholders of Thrasys, saying it... (more story)

Comcar Trustee Hits Insurer With Demand To Hand Over Cash

The wind-down trustee for defunct trucking firm Comcar Industries Inc. initiated an adversary case against a South Dakota insurance exchange in the Delaware bankruptcy court, saying the trustee is due funds fr... (more story)

Bill O'Reilly Can't Duck Canceled Cruise Suit, Customer Says

Bill O'Reilly cannot use his New York ties to shrug off a proposed class action, a man denied refunds for a canceled cruise has told an Arkansas federal court, arguing the former Fox News host and others gave ... (more story)

Dairy Co. Oberweis Unveils $20M Bidder Ahead Of Rival Offer

Oberweis, a bankrupt ice cream and dairy producer in Illinois, has disclosed that the owner of a local egg and dairy business made the $20 million stalking horse bid for its assets, while a family-owned privat... (more story)

Boris Becker Settles With Creditors Over Missing Trophies

Boris Becker's creditors have agreed not to chase the multiple Grand Slam tennis champion over the missing trophies he was accused of hiding to dodge paying debts, lawyers for the Wimbledon winner and bankrupt... (more story)

DOJ Says 2 Bankruptcy Preparers Banned In Fla., Ore.

A disbarred lawyer and a nonattorney who separately helped clients fill out bankruptcy petitions in Florida and Oregon can no longer offer their services after courts in those states recently found they engage... (more story)

US Trustee Wary Of Shoes For Crews Ch. 11 Loan And Sale

The U.S. Trustee's Office has objected to final approval of a debtor-in-possession loan and bidding procedures for Shoes For Crews, saying the motions would take away the right of creditors to challenge prepet... (more story)

Judge Agrees To OK EV Charging Co.'s Ch. 11 Plan

A Delaware bankruptcy judge said Tuesday he will sign off on electric-vehicle charging company Charge Enterprises' proposed Chapter 11 plan once it modifies the time frame for exculpation.

Israeli Biotech Files Ch. 15 To Implement Take-Private Deal

Gamida Cell Ltd., an Israeli biotechnology company developing immunotherapy products, filed for Chapter 15 protection Monday in Delaware seeking the American court's approval of its foreign take-private propos... (more story)

NC Justices Urged To Reject Greg Lindberg Co.'s Review Bid

North Carolina's insurance commissioner urged the state's supreme court to prevent a company controlled by insurance mogul Greg Lindberg from intervening in the liquidation proceedings of two of his life insur... (more story)