Expert Analysis

What Bankruptcy Deadline Appeal May Mean For Claimants

If the Third Circuit reverses a recent appeal made in In re: Promise Healthcare, litigation claimants within the c... (more story)

Conn. Bankruptcy Ruling Furthers Limitation Extension Split

A recent Connecticut bankruptcy court decision further solidifies a split of authority on whether Bankruptcy Rule ... (more story)

A 5th Circ. Lesson On Preserving Indemnification Rights

The Fifth Circuit's recent decision in Raymond James & Associates v. Jalbert offers an important lesson for credit... (more story)

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NJ Diocese Says Don't Stop Ch. 11 Plan For Insurers' Appeal

The Roman Catholic Diocese of Camden, New Jersey, and a committee representing sexual abuse claimants have urged a bankruptcy judge to deny insurers' bid for a long-term stay on implementation of the diocese's... (more story)

Pro Sports Leagues Balk At Bally Parent's Ch. 11 Plan

Three major U.S. professional sports leagues, whose games are broadcast by Bally Sports Network parent company Diamond Sports Group, criticized the company's Chapter 11 restructuring plan, saying it fails to p... (more story)

Syracuse Diocese Told Its Ch. 11 Plan Needs More Work

A New York bankruptcy judge Thursday told the Roman Catholic Diocese of Syracuse that its Chapter 11 plan disclosure statement needs another round of revisions to address objections by insurance carriers claim... (more story)

Fired Yellow Corp. Workers Can Proceed With Class Action

A Delaware bankruptcy judge on Thursday lent support to a group of laid off Yellow Corp. workers in their bid to bring a class action against the insolvent trucking company, saying he would recognize claims ti... (more story)

FTX Brass, Investors Can't Move Bankruptcy Suit To MDL

The Judicial Panel on Multidistrict Litigation on Thursday denied a bid to move a Delaware bankruptcy proceeding regarding the collapse of cryptocurrency exchange FTX Trading Ltd. to an ongoing multidistrict l... (more story)

FTX Strikes Deal With Voyager Over $445M Claim

FTX Trading Ltd. has asked a Delaware bankruptcy court to approve a deal between it and crypto brokerage Voyager Digital Holdings to resolve its $445 million claim against Voyager and Voyager's $130 million claim against FTX.

FDIC Details Prep For Winding Down Failing Financial Giants

The Federal Deposit Insurance Corp. on Wednesday laid out its most comprehensive overview to date of how it would seek to resolve a failing U.S. banking giant, a scenario that would make use of as-yet untested... (more story)

Bankrupt Hospital Co.'s $16M Deal With Ex-Execs OK'd

A Delaware bankruptcy judge agreed Wednesday to let the liquidating trustee for hospital operator Promise Healthcare proceed with a $16 million settlement with former executives to resolve his Florida federal ... (more story)

Retailer 99 Cents Can Tap $60.8M DIP For Ch. 11 Winddown

99 Cents Only can access $20.5 million of its Chapter 11 financing package, a Delaware bankruptcy judge ruled Wednesday, after attorneys for the discount retail chain resolved a handful of objections to first ... (more story)

Brazilian Airline Gets OK On Plane Leases In Ch. 11

GOL Linhas Aereas Inteligentes SA told a New York bankruptcy judge Wednesday it is happy with its current situation with respect to leases for its fleet of aircraft, saying it has authority to assume deals for 58 planes.

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Canadian Trucking Co. Needs More Time For US DIP Approval

At a hearing Thursday in Delaware bankruptcy court, Canadian trucking company Pride Group was unable to reach an agreement on provisional approval of its debtor-in-possession facility that received the go-ahea... (more story)

Dallas Developers Must Each Pay Bond In $400M Foreclosure

A Texas appeals court on Thursday ordered developers to cough up more money as they appeal a ruling in a roughly $400 million foreclosure case involving an upscale residential tower in Dallas, saying that each... (more story)

Nogin Can Get Another $3M In Ch. 11 Cash To Get Plan Done

E-commerce company Nogin Inc. received permission Thursday from a Delaware bankruptcy court to draw another $3 million in Chapter 11 financing as it continues working toward implementing its court-approved restructuring plan.

Jury Frees Urban Outfitters From Trade Secrets Suit

Urban Outfitters on Thursday beat back a lawsuit from a bankrupt online fashion rental company claiming the retailer stole its proprietary information to set up a competing business, with a Philadelphia federa... (more story)

6th Circ. Says Firm Owes Insurer Part Of Defense Bill

A financial advisory firm's professional liability insurer had no duty to defend the company in underlying securities suits after underlying plaintiffs removed their common law violations, the Sixth Circuit ru... (more story)

Diamond Biz Says PE Firm Had 'No Intention' Of Paying Fees

A Canadian diamond polisher is suing the private equity owner of a lab-grown diamond company in Michigan federal court, arguing that Huron Capital Partners promised to help fund new facilities to process the d... (more story)

Mercon Coffee Eyes $10M Ch. 11 Sale Of Vietnam Biz

Mercon Coffee, one of the largest coffee suppliers in the world, has urged a New York bankruptcy judge to approve an agreement to sell its interest in its Vietnam export operations for around $10 million, reas... (more story)

Major Lindsey Wins Bid To Have Sex Assault Suit Arbitrated

A former Major Lindsey & Africa LLC employee's sexual assault lawsuit against the legal recruiting giant must go to arbitration, a New York state judge has decided.

Stinson Forms New Group Focused On Abuse Survivors

Stinson LLP said Monday that after resolving more Roman Catholic Church bankruptcies than any other firm over the past decade, it will be representing abuse survivors via a new practice group of more than 20 a... (more story)

Biden's Student Loan Relief Plan Is Unlawful, States Say

A coalition of states have sued the Biden administration over a student loan forgiveness program that's set to kick in this summer, alleging in a Missouri federal lawsuit that the plan sidesteps statutory auth... (more story)