Expert Analysis

Ambiguity Ruling Highlights Deference To Arbitral Process

A New York federal court’s recent ruling in Eletson v. Levona, which remanded an arbitral award for clarification,... (more story)

SVB Ch. 11 Shows Importance Of Filing Proof Of Claim Early

After a New York bankruptcy court’s recent ruling in SVB’s Chapter 11 case denied late claims filing requests rela... (more story)

High Court Made Profound Mistake In Tossing Purdue Deal

The U.S. Supreme Court's recent decision to throw out Purdue Pharma's Chapter 11 plan jeopardizes a multistate agr... (more story)

Large Cap More

Ex-McElroy Deutsch Exec Says Ch. 11 Doesn't Pause Claims

A former McElroy Deutsch executive told a New Jersey state court that just because her husband — former McElroy Deutsch chief financial officer John Dunlea — has filed for bankruptcy does not mean she needs to... (more story)

Hospital REIT Inks $160M Arizona Emergency Facilities Sale

Medical Properties Trust announced Wednesday that the real estate investment trust plans to sell eight properties to Dignity Health for $160 million, the latest sale amid a flurry of selling activity by the company.

Mobileum Gets OK To Tap $40M In DIP Funds, $100M Rollup

A Texas bankruptcy judge gave global telecom analytics group Mobileum Inc. interim permission Wednesday to access $40 million of Chapter 11 financing and perform a $100 million debt rollup, saying the fact the... (more story)

Retailer Conn's Hits Ch. 11 With Plans To Close All Stores

Conn's, a home appliance retailer whose first storefront dates to the early 1900s, filed for Chapter 11 bankruptcy protection in Texas with more than $500 million in funded debt, citing shifting consumer behav... (more story)

Rudy Giuliani Says MyPillow CEO Covered His RNC Travel

Rudy Giuliani clarified Tuesday that his travel to and from the Republican National Convention was covered by MyPillow CEO Mike Lindell's conservative media outlet FrankSpeech, according to a filing in New Yor... (more story)

Cannabis Industry Stakeholders Weigh In On Rescheduling

As the period for public comment on the Biden administration's proposal to reclassify marijuana came to a close Monday, anti-legalization activists, marijuana industry advocates and state cannabis regulators e... (more story)

Invitae's Ch. 11 Plan Needs Tweaking, Judge Says

A New Jersey bankruptcy judge said he would confirm the Chapter 11 liquidation plan for genetic testing company Invitae, if it made changes to how it handled distributions to certain creditors.

FTX Reaches Deal On $4M Phala Token Claims In Ch. 11

Bankrupt cryptocurrency platform FTX Trading Ltd. asked a Delaware bankruptcy judge to let it pay $960,000 to crypto issuer Phala Ltd. to settle that company's $4 million claim against FTX and its affiliates.

US Trustee Opposes Nevada Copper's $5.3M Bonus Plan

The Office of the U.S. Trustee objected late Monday to proposed bonus plans for employees of bankrupt mining company Nevada Copper Inc., saying the plans don't include enough information to determine if the bo... (more story)

Americanas Gets US Nod For Reorganization In Brazil

A New York bankruptcy judge said his trepidation around how Brazilian department store chain Americanas' bankruptcy plan treats creditors that don't give legal releases to nondebtor third parties was quelled, ... (more story)

Mid Cap More

Allievex To Liquidate In Chancery's Bankruptcy Alternative

A subsidiary of Rock Creek Advisors LLC created to administer the liquidation of Allievex Corp.'s assets to pay creditors notified Delaware's chancery court on Wednesday that the therapeutics company was insol... (more story)

Vintage Wine Estates Hits Ch. 11 With Intent To Sell Assets

Vintage Wine Estates, which owns 30 wine brands in California, Oregon and Washington, filed for Chapter 11 protection Wednesday with a plan to sell its assets after post-pandemic wine demand dropped.

UK Bans 830 Directors For COVID Loan Abuse In 12 Months

Hundreds of company directors have been banned in the last year as a result of COVID loan abuse, the Insolvency Service said Wednesday, adding that it has recovered almost £3 million ($3.8 million) of taxpayers' money.

Judge Won't Force Meta To Run Bankrupt Rubio's Ads

A Delaware bankruptcy judge on Tuesday denied a temporary restraining order requested by fast-casual seafood chain Rubio's Coastal Grill against Meta Platforms Inc., which alleged Meta violated an automatic st... (more story)

Sports Retailer Wins Final OK To Tap Cash Collateral In Ch. 11

A Delaware bankruptcy judge agreed Tuesday to allow the parent of two sports retail chains to continue using cash collateral in its Chapter 11 reorganization, after the company filed a final draft of a propose... (more story)

Bittrex Raises 'Red Flags' On $20M Customer Crypto Claim

Bankrupt cryptocurrency exchange Bittrex on Tuesday asked a Delaware bankruptcy judge to reject an account holder's $20 million claim, saying there are too many "red flags" of possible illegal activity around ... (more story)

Airspan Gets OK On $5M DIP Add Amid Regulator Delay

A Delaware bankruptcy judge on Tuesday approved telecommunications company Airspan Networks' request for $5 million in supplemental debtor-in-possession financing, enabling the company to fund operations as it... (more story)

Malpractice Insurer Escapes Conn. Firm's Suit For Coverage

A Connecticut law firm and its principal will not have their legal bills reimbursed by their malpractice insurer after a state judge granted an early win to the insurance company, noting the firm admitted it w... (more story)

18 Whiteford Attys Launch Raines Feldman's Pittsburgh Office

More than a dozen attorneys specializing in bankruptcy, and securities and commercial litigation, have left Whiteford Taylor & Preston to help Raines Feldman Littrell launch its new office in Pittsburgh this week.

Ex-Parler Owner Proposes Ch. 11 Sale Plan, Creditor Deal

The former owner of conservative social media platform Parler filed proposed Chapter 11 bidding procedures in Delaware court late Monday along with a settlement with its senior secured creditor that will retur... (more story)