Expert Analysis

Discount Window Reform Needed To Curb Modern Bank Runs

We learned during the spring 2023 failures that bank runs can happen extraordinarily fast in light of modern techn... (more story)

2 Options For Sackler Family After High Court Purdue Ruling

After the U.S. Supreme Court recently blocked Purdue Pharma's plan to shield the family that owns the company from... (more story)

Revisiting Scalia's 'What's It To You?' After Kaiser Ruling

While the U.S. Supreme Court's recent decision in Truck Insurance Exchange v. Kaiser allows insurers to be conside... (more story)

Large Cap More

Guo Trial Juror Booted For Googling Fugitive Co-Defendant

The jury in Chinese dissident Miles Guo's $1 billion fraud and racketeering case was forced to restart their verdict deliberations on Friday after a juror was cut loose for Google-searching Guo's fugitive fina... (more story)

San Diego Diocese Heads Toward Mediation In Ch. 11

Lawyers for the Roman Catholic Diocese of San Diego told a California bankruptcy judge Friday that the diocese is hoping to kick off new mediation efforts as it works to resolve more than 450 sexual abuse laws... (more story)

Giuliani's Ch. 11 Tossed Over Lack Of Financial Candor

Rudolph W. Giuliani, former mayor of New York City and legal adviser to Donald Trump, had his Chapter 11 case dismissed Friday by a New York bankruptcy judge, who found that Giuliani's missing financial disclo... (more story)

No Injury In Suit Targeting J&J Asset Shuffles, Talc Unit Says

Johnson & Johnson wants a New Jersey federal judge to toss a proposed class action alleging that the company has tried to intentionally prevent talc claimants from getting their day in court through a scheme o... (more story)

Incora Ruling Poses New Risks For Contested Debt Deals

A Texas bankruptcy judge's recent ruling on a 2022 financing deal at aircraft parts supplier Incora adds another twist in the still-nascent case law surrounding so-called creditor-on-creditor violence, forcing... (more story)

US Trustee Decries Fisker EV Fleet 'Fire Sale'

The U.S. Trustee's Office urged a Delaware bankruptcy judge to block electric-vehicle maker Fisker's proposed $46.25 million sale of its inventory, saying the fleet is being sold at "fire sale prices" the debt... (more story)

Luxury Fashion Co. Farfetch Ltd. Seeks US Ch. 15 Nod

The foreign representatives for luxury e-commerce fashion company Farfetch Limited have asked a Delaware bankruptcy judge to extend U.S. recognition to the company's liquidation proceedings in the Cayman Islan... (more story)

Syracuse Diocese To Notice Creditors On Ch. 11 Releases

Lawyers for the Diocese of Syracuse said they've come up with a process to collect creditor consent for third party releases in an already voted on reorganization plan, telling a New York bankruptcy judge Thur... (more story)

Rite Aid Gets OK To Sell Interests In Its Loan To MedImpact

A New Jersey bankruptcy judge on Thursday approved Rite Aid's sale of most of its interests in a $567 million loan that it made, the proceeds of which it will distribute to creditors under its Chapter 11 reorganization plan.

Biden Taps Cohen Weiss Atty As PBGC Director

President Joe Biden on Thursday tapped an attorney who most recently served as of counsel at Cohen Weiss & Simon LLP to head the Pension Benefit Guaranty Corp.

Mid Cap More

Behind Ex-McElroy Deutsch CFO's Ch. 11

McElroy Deutsch Mulvaney & Carpenter's former chief financial officer, who has admitted to skimming off $1.5 million from his firm, has filed for bankruptcy in New Jersey as he faces both civil and criminal ch... (more story)

Cigna Objects To Ch. 11 Nursing Home Asset Sale Proposal

Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, sayi... (more story)

Texas Pipe Distributor Can Use Cash Collateral In Ch. 11

A Texas bankruptcy judge Thursday told pipe distributor Tubular Synergy Group LP he would carefully monitor its use of its main lender's cash collateral to continue to do business, while he approved a slate of... (more story)

Sorrento Investors Rip Atty Fee Requests Over 'Scant' Results

A group of Sorrento Therapeutics Inc. shareholders has asked a Texas bankruptcy judge to reject $50 million in fee applications by lawyers for the drug developer, charging that the Chapter 11 case has been a "... (more story)

CLO Holder Can't Duck Portfolio Manager's Feud Just Yet

A New York federal court has refused to finalize a February decision dismissing all claims against an investment scheme created to hold collateralized loan obligations whose liquidation is at the center of a s... (more story)

Americanas Ch. 15 Held Up By Creditor Treatment Concern

A restructuring plan for Brazilian department store chain Americanas SA hit a roadblock Thursday when a New York bankruptcy judge questioned the treatment of noteholders that didn't consent to giving releases ... (more story)

CalAmp Prepack Plan With Debt-Equity Swap Confirmed

California-based cloud technology developer CalAmp Corp. received confirmation of its prepackaged Chapter 11 plan on Thursday after making changes requested by the U.S. Trustee's Office and U.S. Securities and... (more story)

Chancery Orders Invictus Fund Sides To Provide Case Update

Pointing to hints of clarity in a distressed credit and special-situations fund's murky, 9-month-old battle for documents and cash held by its general partner and investment manager, a Delaware vice chancellor... (more story)

Grocery Co. Takeoff Inks DIP, Sale Deal With Creditors

Grocery automation business Takeoff told a Delaware bankruptcy judge Thursday the company reached a deal with its unsecured creditors to end their opposition to its Chapter 11 financing and sale plans, as well... (more story)

Ex-Bankruptcy Judge Says Immunity Bars Atty Romance Suit

A former U.S. bankruptcy judge being sued over a secret romantic relationship he had with a former Jackson Walker LLP lawyer who practiced in his court urged a Texas federal court on Thursday to toss the case,... (more story)