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

Scammer Cops To SIM Scheme Including $400M Crypto Theft

A Colorado woman on Thursday pled guilty in D.C. federal court for her part in a SIM swapping scheme that appears to encompass more than $400 million stolen from the now-bankrupt cryptocurrency exchange FTX.

ConvergeOne Lenders Cite 'Exclusivity' Of Ch. 11 Equity Deal

A group of ConvergeOne lenders asked a Texas bankruptcy judge Friday to reject the information technology company's prepackaged Chapter 11 plan, saying an equity rights offering underpinning the proposal unfai... (more story)

Healthcare Co. Sues Steward In Ch. 11 Over Military Contract

A healthcare company that provides services to members of the military and their families sued debtor Steward Health Care on Thursday in Texas bankruptcy court, asking a judge there to declare that the provide... (more story)

UK Litigation Roundup: Here's What You Missed In London

This past week in London has seen a wave of claims filed against Verity Trustees Ltd., Harley-Davidson hit retailer Next with an intellectual property claim, Turkish e-commerce entrepreneur Demet Mutlu sue her... (more story)

Cano Health Strikes $7M Deal With Unsecured Creditors

A Delaware bankruptcy judge said Friday that she was prepared to send Cano Health Inc.'s Chapter 11 plan out for a creditor vote after hearing the medical care group has reached a $7 million settlement with it... (more story)

'We Feel It': NJ Ranks 2nd In Ch. 11 Cases, Chief Judge Says

New Jersey federal courts saw the second most Chapter 11 bankruptcy filings in the nation over the last year, Chief U.S. District Judge Renée Marie Bumb of the District of New Jersey said on Friday.

Convicted Insurance Mogul Says He'll Trim Empire

Convicted insurance mogul Greg Lindberg told the North Carolina Supreme Court he's relinquishing control of portions of his enterprise to fulfill a deal to restructure them with independent oversight, accordin... (more story)

NJ Judge Scrutinizes J&J Unit's Libel Claim Over Talc Study

A bankrupt Johnson & Johnson unit's libel claims over a scientific article linking talcum powder to mesothelioma intrigued a New Jersey federal judge during an oral argument on Thursday, prompting her to muse ... (more story)

SVB Parent Resolves Objections To Ch. 11 Plan Disclosures

SVB Financial Group, the former parent company of Silicon Valley Bank, told a New York bankruptcy judge Thursday that it had resolved outstanding objections to its Chapter 11 plan disclosure statement and was ... (more story)

DOL Unveils Long-Delayed Abandoned Retirement Plan Rules

After being sidelined for more than a decade, a plan for expanding U.S. Department of Labor rules for terminating retirement plans abandoned by employers are moving forward again, the agency reported Thursday,... (more story)

Mid Cap More

Red Lobster Hits Ch. 11 Reeling From Endless Shrimp Promotion

The Red Lobster seafood restaurant chain has filed for Chapter 11 protection in a Florida bankruptcy court with $294 million in debt and sale plans, saying its problems included its equity owner and shrimp sup... (more story)

Rue21 Lands $4M Bid For IP From Canadian Fashion Co.

Teen apparel retailer rue21 has informed a Delaware bankruptcy judge it accepted a nearly $4 million stalking-horse bid to sell its brands and other intellectual property to Canadian fashion house YM Inc.

Cantor, Lutnick Strike Deal With Window SPAC Investors

Shareholders of a special purpose acquisition company that took a now-bankrupt smart window manufacturer public have reached a tentative agreement to settle their proposed Delaware Chancery Court class action ... (more story)

Hayley Paige Settles Social Media Dispute With JLM Couture

"Say Yes to the Dress" bridal designer Hayley Paige Gutman will receive ownership of social media accounts created by the designer in exchange for a settlement payment to her former employer, bankrupt dressmak... (more story)

EndoStim Emerges From Delaware Insolvency Proceeding

Delaware's Court of Chancery has approved the final accounting for medical device company EndoStim Inc.'s state-administered insolvency proceeding after no creditor or other party raised any objections at a fi... (more story)

Moving App Lugg Inc. Hits Ch. 11 After Remote Work Snafu

Moving services company Lugg Inc. filed for bankruptcy protection in Delaware on Friday with more than $3 million in debt, saying it faces a number of default judgments after one of its remote workers failed t... (more story)

Giuliani, Poll Workers Near Deal To End Bankruptcy Lawsuit

Two Georgia poll workers who won a $148 million judgment in a defamation suit against Rudy Giuliani told a New York bankruptcy judge Thursday they were close to an agreement with the former Donald Trump lawyer... (more story)

Rue21 Seeks To Reject 51 Leases As Stores Close

Bankrupt teen retailer rue21 has asked a Delaware bankruptcy court for approval to reject its leases at 51 store locations where going-out-of-business sales have already wrapped up or aren't planned, saying th... (more story)

Joonko Says Ch. 11 Needed To Handle Fraud Liability

Artificial intelligence-powered employee recruitment venture Joonko told a Delaware bankruptcy court Thursday it hopes to use Chapter 11 to resolve the legal mess left by its ex-CEO's fraud by this fall.

Colombian Consumer Lender Hits Ch. 11 To Trim $55M Of Debt

Colombian consumer lending giant Credivalores-Crediservicios filed for bankruptcy in New York on Thursday, with a prepackaged Chapter 11 plan to cut $55 million from its balance sheet and emerge from bankruptcy next month.