Expert Analysis

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)

What FTX Case Taught Us About Digital Asset Recoverability

FTX's Chapter 11 plan has drawn lots of attention, but the focus should be on the anticipated outcome for investor... (more story)

Large Cap More

Steward Health Finds Buyers For 2 Hospitals

Steward Health Care has told a Delaware bankruptcy judge it has found buyers for two of the facilities in its first round of hospital sales in its Chapter 11 case, but three others had attracted no qualified bids.

WOM Asks To Pay Ex-Execs Severance Under Chilean Law

Chilean telecommunications company WOM requested a Delaware bankruptcy court's permission to pay nearly $500,000 in compensation to two former executives who were terminated before the company filed for bankru... (more story)

99 Cents Only Pivots To New Buyers After $8M Bid Rescinded

Discount retail chain 99 Cents Only asked a Delaware bankruptcy court to approve alternative sales for two California real estate parcels after the winning bidder who submitted a $8 million offer failed to clo... (more story)

Purdue Release Ruling May Spur Creative Ch. 11 Workarounds

With nonconsensual third-party releases off the table following the U.S. Supreme Court's June decision in the Purdue Pharma bankruptcy, restructuring attorneys are looking at a variety of ways to work around t... (more story)

Giuliani In Limbo, Guo Faces Ch. 11 Trustee Suit

The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City... (more story)

Lack Of 'Smoking Gun' Sinks J&J's Bid To DQ Beasley Allen

The Beasley Allen Law Firm may represent plaintiffs in multicounty talc injury litigation in New Jersey state court, after a judge found Johnson & Johnson failed to show a former Faegre Drinker outside counsel... (more story)

Judge Limits Girardi Clients' Injury Details In Upcoming Trial

Jurors in former celebrity lawyer Tom Girardi's upcoming fraud trial will be spared detailed testimony about the severe injuries that drove his alleged victims to hire his law firm, a Los Angeles federal judge... (more story)

SVB Postpones Ch. 11 Plan Hearing To Wednesday

The former parent of the failed Silicon Valley Bank has postponed the start of the New York bankruptcy court hearing on its Chapter 11 plan until Wednesday morning.

Judge Dubious Of NY Diocese's Ch. 11 Plan Post-Purdue

A New York bankruptcy judge said Friday he was skeptical of a creditor noticing procedure meant to head off confirmation issues for the already voted on Chapter 11 plan of the Roman Catholic Diocese of Rochest... (more story)

Guo Trustee Reboots Civil RICO Case After NY Conviction

The Chapter 11 trustee overseeing the Connecticut bankruptcy of Chinese exile Miles Guo has filed a notice that lifts a March stay on civil RICO and alter ego claims after the debtor's criminal conviction this... (more story)

Mid Cap More

Bankrupt Nursing Homes To Pay $36M To End DOL Wage Suit

More than a dozen bankrupt nursing homes will have to pay nearly $36 million in a U.S. Department of Labor's suit claiming workers weren't paid full wages after creating "an adversarial" payroll structure, a P... (more story)

Watchdog Says Pioneer Health Trustee Can't File Plan

The Office of the U.S. Trustee objected to a proposal to strip debtor Pioneer Health Systems LLC of control over its Chapter 11 case, saying the Subchapter V trustee that would take over is unable to file a pl... (more story)

Clothing Co. Delta Seeks Ch. 11 Consulting Fees For Ex-Execs

Clothing manufacturer Delta Apparel and its affiliates asked for a Delaware bankruptcy court's permission to pay three former executives, who resigned as the company headed toward insolvency, as consultants so... (more story)

US Trustee Asks To Make UrgentPoint's Ch. 11 A Liquidation

The U.S. Trustee's Office requested that a Delaware bankruptcy judge convert healthcare provider UrgentPoint's Chapter 11 case to a Chapter 7 liquidation, saying the debtor is or shortly will be unable to meet... (more story)

Airspan Needs $5M DIP Add Amid Ch. 11 Regulatory Delays

Telecommunications company Airspan Networks has asked a Delaware bankruptcy court for permission to borrow an additional $5 million in debtor-in-possession financing to support the business as it waits for reg... (more story)

Mercon Coffee Can't Grant Insider Releases, Judge Rules

A New York bankruptcy judge has ruled that coffee supplier Mercon Coffee Group can't reward corporate insiders who stuck with the company through its Chapter 11 case with a release from future litigation.

Real Estate Recap: CMBS, Phoenix Evictions, Summer Break?

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including trends in multifamily commercial mortgage-backed securities, a study of corporate landlord evictions in Phoe... (more story)

Tender Greens And Tocaya Get Interim OK For Ch. 11 Loan

One Table Restaurant Brands LLC, the Los Angeles-based casual restaurant chain that operates Tender Greens and Mexican eatery Tocaya, received interim approval Friday to access $1.7 million of a $3 million deb... (more story)

Coach USA Reaches Deal On DIP Loan, Ch. 11 Sale Process

Bankrupt bus transportation company Coach USA told a Delaware judge Friday that it had reached agreement with its lenders, unsecured creditors and a stalking horse bidder that allowed the company to finalize a... (more story)

Ex-Pharma Sales Exec Denies Fake Prescription Scheme

The former vice president of sales for pharmaceutical company U.S. Compounding Inc. pled not guilty in Manhattan federal court Friday to forging fake horse drug prescriptions in order to juice revenues.