Expert Analysis

9th Circ. Clarifies ERISA Preemption For Healthcare Industry

The Ninth Circuit's recent ruling in Bristol SL Holdings v. Cigna notably clarifies the broad scope of the Employe... (more story)

NY Combined Hearing Guidelines Can Shorten Ch. 11 Timeline

The Southern District of New York’s recently adopted guidelines on combining the processes for Chapter 11 plan con... (more story)

Bankruptcy Judges Can Justly Resolve Mass Tort Cases

Johnson & Johnson’s recent announcement of a prepackaged reorganization plan for its talc unit highlights that Cha... (more story)

Large Cap More

Baltimore Diocese Fights Insurers' Dismissal Attempt

The Roman Catholic Diocese of Baltimore defended its adversary action in Maryland bankruptcy court seeking coverage from its insurance carriers, arguing that resolving the issue is crucial to resolving its Cha... (more story)

1st Circ. Finds PREPA Bondholders Have $8.5B In Valid Liens

The First Circuit said Wednesday that bondholders of the Puerto Rico Electric Power Authority have valid liens worth $8.5 billion on the revenue of the utility, reversing a lower court's ruling but leaving it ... (more story)

Cancer Claimants Say J&J Talc Unit Ch. 11 Belongs In NJ

Cancer patients with talc damage claims against Johnson & Johnson are asking a New Jersey federal judge to bar the company's talc liability spinoff from filing its third attempt at a Chapter 11 reorganization ... (more story)

SPAC Dealmakers Expect Modest Pickup After Market Bottom

Market professionals expect a slow pickup in deals involving special-purpose acquisition companies starting in the second half of 2024, predicting on Wednesday that a leaner market will emerge following the re... (more story)

Terraform To Settle With SEC For $4.5B After Fraud Trial

Crypto firm Terraform Labs has agreed to a $4.47 billion settlement with the U.S. Securities and Exchange Commission after a Manhattan jury found the firm and its founder Do Kwon liable for fraud in April.

Bankrupt Robertshaw Can Pay Execs Up To $3.9M In Bonuses

Appliance parts maker Robertshaw US Holding Corp. received a Texas bankruptcy judge's approval Wednesday to pay top executives as much as $3.9 million in bonuses if they hit certain performance metrics.

Pillsbury Adds Aviation-Focused Bankruptcy Partner In NY

Pillsbury Winthrop Shaw Pittman LLP has hired a corporate restructuring partner with aviation expertise for its insolvency and restructuring group in New York.

Bed Bath & Beyond Investor Defeats 'Short-Swing' Profits Suit

A New York federal judge on Tuesday threw out Bed Bath & Beyond investors' suit accusing activist investor Ryan Cohen of buying and selling his stock too quickly, finding the claims moot in light of the retail... (more story)

Willkie Farr Hires 11 Ex-Latham Bankruptcy Attys In Germany

Willkie Farr & Gallagher LLP has snagged three bankruptcy partners and eight more attorneys from Latham & Watkins LLP in Germany as it expands its bench in the country, the firm announced Tuesday.

SVB Wants A Trial Over Its $605M Tax Bill From IRS

The parent company of failed Silicon Valley Bank has told a New York bankruptcy judge it wants him to decide if it owes the Internal Revenue Service more than $605 million in taxes.

Mid Cap More

Mississippi Casino Developer's Creditors Want To Force Ch. 7

Creditors for developer Diamondhead Casino Corp., which has been trying for years to build a casino in Mississippi near the Gulf Coast, filed an involuntary bankruptcy petition in Delaware bankruptcy court aga... (more story)

Creditors Appealing Denial Of Estate Trustee In Eletson Ch. 11

The official committee of unsecured creditors in the bankruptcy of shipping company Eletson is appealing a New York bankruptcy judge's decision not to appoint a Chapter 11 trustee in the case.

2nd Circ. Backs Brokerage In Suit Over Biotech's Failed IPO

The Second Circuit on Wednesday declined to reinstate a Texas company's suit against an investment brokerage that advised biotech Inpellis on an initial public offering that failed and sent the company to file... (more story)

Directors Of Defunct Med Tech SPAC Seek Toss Of Del. Suit

Directors of a special purpose acquisition company that merged with now-defunct medical technology company Better Therapeutics Inc. urged Delaware's Court of Chancery on Wednesday to toss a shareholder's suit ... (more story)

Restaurant Co. Rubio's Seeks July Auction In Del. Ch. 11

Fast-casual seafood dining chain Rubio's Coastal Grill asked a Delaware bankruptcy judge to sign off on its Chapter 11 auction plans, noting the company hopes to hold an auction July 30 and expects a $45 milli... (more story)

Money Fight Between Trustee, Law Firm Goes To Mediation

A money conflict between a Chapter 11 bankruptcy trustee and an outside law firm is going to mediation, the parties announced in a court filing this week. It's the latest move in the saga of Litigation Practic... (more story)

US Trustee Fights Appgate Ch. 11 Plan's Opt-Out Releases

The Office of the United States Trustee objected on Wednesday to the Chapter 11 plan proposed by tech firm Appgate Inc., saying it would seek to impose an "opt-out only release" on equity holders that would ex... (more story)

Pool Co. Hits Ch. 11 After 'Crippling' $16M False Ads Verdict

The American arm of a Chinese swimming pool products manufacturer has declared bankruptcy after it was slapped with a $16 million false advertising and unfair business practices judgment in North Carolina that... (more story)

Ambri Gets OK For Ch. 11 Loan, Sale Plans After Creditor Deal

A Delaware bankruptcy judge on Wednesday approved $5.75 million in Chapter 11 financing for Ambri Inc. and set the battery startup on the path for a July asset sale after hearing the company had reached a deal... (more story)

Alston Steers Transport Co. Coach Through Ch. 11

Bus company Coach USA Inc. announced Tuesday that it filed for Chapter 11 protection in Delaware bankruptcy court, saying it has struck asset purchase agreements to preserve jobs and continue offering its grou... (more story)