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)

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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)

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.

Tech Firm Mobileum Enters Ch. 11 To Trim Over $500M Debt

Global telecom analytics group Mobileum Inc. sought Chapter 11 protection in Texas on Tuesday, with plans to trim $529 million from its books through a debt-for-equity swap after falsified time records uncover... (more story)

Akin Alum To Head Paul Weiss' European Restructuring Team

Paul Weiss Rifkind Wharton & Garrison LLP announced Tuesday that it has hired a partner at Akin Gump Strauss Hauer & Feld LLP to steer the leadership of its European restructuring practice as it looks to boost... (more story)

Rising Star: Perkins Coie's Michael Huston

Perkins Coie LLP's Michael Huston was a lead attorney on the team that helped the Boy Scouts of America persuade the U.S. Supreme Court that a delay of its bankruptcy plan, which a small group of childhood sex... (more story)

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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)

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)

Former Doctor To Be Released From Jail In FBAR Fight

A former doctor will be released from U.S. custody after a Michigan federal court lifted Tuesday an order of civil contempt against him for failure to pay about $1 million in foreign account reporting penalties.

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)