Expert Analysis

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

What Lies Behind Diverging US And UK Insolvency Trends

Contrasting U.K. and U.S. insolvency trends highlight the importance of policy interventions in shaping consumer f... (more story)

Large Cap More

Cancer Patients Target J&J Talc Unit's Asset Shuffles

Cancer patients who have sued Johnson & Johnson alleging that its talcum powder caused their illness alleged Wednesday that the company has tried to intentionally prevent tort victims from getting their day in... (more story)

1st Circ. Affirms UBS Win In Puerto Rico Pension Fight

The First Circuit said public pensioners in Puerto Rico can't advance their claims that UBS Financial Services illegally underwrote $3 million in bonds, ruling that the island's financial restructuring plan tr... (more story)

Eye Care Gets Nod On Ch. 11 Sale With Improved Price

Optometry software maker Eye Care Leaders received a Texas bankruptcy court's approval Wednesday to sell its assets to its debtor-in-possession financing lender at a higher purchase price of $14.5 million.

Exxon Contractor Offered June 1 Ch. 11 Mediation Start Day

A Texas bankruptcy judge on Wednesday told the general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy that its Chapter 11 case could go before another judge it had... (more story)

Data Research Firm Dynata Hits Ch. 11 With Over $1B Debt

Global data provider and market research company Dynata LLC filed for Chapter 11 bankruptcy in Delaware on Wednesday with $1.4 billion in total debt, blaming a business slowdown on a steep drop in M&A deals, p... (more story)

Full 5th Circ. Urged To Rethink Blocking Student Loan Rule

The U.S. Department of Education has asked the full Fifth Circuit to reconsider a recent preliminary injunction a three-judge panel ordered blocking changes to a program providing student loan forgiveness to b... (more story)

Bankrupt SVB Fights To Keep $1.9B Suit Against FDIC Alive

The bankrupt former parent company of Silicon Valley Bank urged a California federal judge on Tuesday not to toss its suit against the Financial Deposit Insurance Corp. that seeks to get the deposit insurer to... (more story)

Talc Biz Barretts Gets New $30M DIP Loan From Parent Co.

Barretts Minerals, a company that mines talc, received a Texas bankruptcy court's approval Tuesday to tap $30 million in emergency debtor-in-possession financing from a subsidiary of its nondebtor parent compa... (more story)

Yellow Corp. Seeks Ch. 11 Plan Extension After $2B In Sales

Bankrupt trucking firm Yellow Corp. has asked a Delaware judge to extend the period during which it has the exclusive right to file a Chapter 11 plan for the third time, touting its nearly $2 billion in real e... (more story)

Ex-Director For Byju's Alpha In Contempt Over Missing $533M

A Delaware bankruptcy judge on Tuesday held in contempt a former executive for the insolvent U.S. affiliate of Indian education technology giant Byju's, finding he had been disingenuous about his attempts to t... (more story)

Mid Cap More

EB-5 Investors Say Developers' $150K Shouldn't Go To Attys

Chinese investors looking to recoup a nearly $40 million investment in failed developments urged an Illinois federal court against allowing bankrupt developers to use $150,000 in assets to pay the developers' ... (more story)

Cleaning Products Maker Supply Source Files For Ch. 11

Cleaning products company Supply Source Enterprises has told a Delaware bankruptcy court that it is seeking a sale in Chapter 11 to deal with $180 million in debt after overestimating the post-pandemic market ... (more story)

Fraud Defendant Strikes Deal To End Ch. 11, Sell House

A corporation owned by the defendant in a $93 million securities fraud case Wednesday told a Florida bankruptcy judge it has reached a deal to end its Chapter 11 case and sell the multimillion-dollar Coral Gab... (more story)

Biotech Co. Gamida Gets OK For Prepack Ch. 11 Plan

A Delaware bankruptcy judge said she would approve a prepackaged confirmation plan for Gamida Cell Inc. that would turn the biotechnology company over to its largest creditor.

Soured Partnership Tanks Dallas Tower Weakened By COVID

In the fourth story in a series on distressed office properties in various U.S. markets, Law360 Real Estate Authority examines how a solid office building in an otherwise strong market — Dallas' Uptown — start... (more story)

Tommy's Boats Hits Ch. 11 After Alleged M&T Bank Default

Boat and water sports retailer Tommy's Boats has filed for Chapter 11 protection in Texas bankruptcy court, listing up to $500 million in debt after allegedly breaching an agreement with lender M&T Bank.

Red Lobster Gets OK To Tap $40M Ch. 11 Loan

A Florida bankruptcy judge Tuesday gave seafood chain Red Lobster interim permission to draw on $40 million in Chapter 11 financing the company says is necessary to keep its restaurants running while it seeks a sale.

SPAC Investor's Suit Changes Came Too Late, Chancery Rules

A shareholder of a special-purpose acquisition company that merged with a now-defunct medical technology company in 2021 waited too long to amend his year-old proposed class action and must defend the case aga... (more story)

Giuliani, Poll Workers Ink Deal In Bankruptcy Defamation Suit

Rudy Giuliani and two Georgia election workers reached an agreement Tuesday in a lawsuit filed in his bankruptcy case that would bar the former Donald Trump lawyer from repeating lies that the pair committed b... (more story)

Holistic Medical Co. UrgentPoint Files Ch. 11 With $3M In Debt

Holistic medical provider UrgentPoint Inc. has filed for Chapter 11 bankruptcy protection in Delaware with the hopes of restructuring $3 million in secured debt, with its CEO blaming the bankruptcy on an expen... (more story)