To access this content, a subscription to Bankruptcy Authority is required.
FTX Seeks To Push Ch. 11 Plan Over Final Hurdles
MLB's Storied History Runs Through The Bankruptcy Court
Meet The Attys Aiding FTX At Its Ch. 11 Confirmation Hearing
FTX Seeks To Push Ch. 11 Plan Over Final Hurdles
Nearly two years after it collapsed financially, FTX is hoping to secure confirmation of its Chapter 11 plan in Delaware bankruptcy court Monday. The debtor says that under its proposal, the company will repay former customers in full, with interest, for the billions of dollars they lost, but the insolvent cryptocurrency business faces a slew of objections from the U.S. Trustee's Office and others.
MLB's Storied History Runs Through The Bankruptcy Court
With the value of professional sports teams skyrocketing over the last decade, it's hard to imagine a Major League Baseball club having to file for bankruptcy. But it's happened at least five times since 1970 for a variety of reasons, and the teams that have taken advantage of the bankruptcy courts have charted much different paths post-insolvency.
Meet The Attys Aiding FTX At Its Ch. 11 Confirmation Hearing
Beleaguered crypto exchange FTX Trading Ltd. will seek a Delaware bankruptcy judge's approval Monday for the debtor's Chapter 11 plan after a bankruptcy process that has seen its counsel questioned, the legitimacy of its plan challenged and a bevy of disputes settled. At the hearing it will rely on the expertise of a legal team uniting lawyers from Landis Rath & Cobb LLP and Sullivan & Cromwell LLP.
Expert Analysis
Amid a growing body of research finding that attorneys face higher rates of mental illness than the general popula... (more story)
The thing that’s so powerful about artificial intelligence is also what’s most scary about it — its ability to det... (more story)
Disney and American Airlines recently abandoned certain litigation tactics in two lawsuits after fierce public bac... (more story)
Large Cap More
The U.S. Securities and Exchange Commission said Friday that it's been looking into whether electric-car maker Fisker Inc. violated securities law before it filed for Chapter 11 protection, urging a Delaware f... (more story)
Tehum Care Services, a prison healthcare provider, and committees for its unsecured creditors and tort claimants have asked a Texas bankruptcy judge to let them solicit votes on a Chapter 11 plan that would al... (more story)
Appliance parts maker Robertshaw sold the business to a group of its lenders this week, less than two hours before the Fifth Circuit entered an order staying the deal, marking a setback for Invesco, another le... (more story)
ArentFox Schiff LLP is relocating its Washington, D.C., headquarters to Carr Properties' Midtown Center, where it will take up 120,000 square feet and three full floors, per the landlord who was advised by Fri... (more story)
Former bankruptcy judge David R. Jones said judicial immunity bars claims over his undisclosed romantic relationship with a former Jackson Walker LLP attorney because the purported harm to the onetime head of ... (more story)
Commercial real estate boutique A.Y. Strauss announced Thursday that it had hired a former Skadden Arps Slate Meagher & Flom LLP litigator who is returning to the legal field after retiring in 2020.
A Missouri federal judge Thursday blocked the Biden administration's latest student debt relief proposal, finding that the six Republican-led states leading the challenge will likely show the plan is unlawful,... (more story)
A New York bankruptcy judge on Thursday approved a settlement proposed by reorganized debtor Celsius Network that will provide digital asset recoveries to its corporate creditors, finding the agreement, achiev... (more story)
Washington state's attorney general has accused Albertsons of using a state-court-ordered stay to shield itself from discovery in a consumer protection suit that accuses Rite Aid and grocery store pharmacies o... (more story)
Retail chain Conn's has asked a Texas bankruptcy judge for permission to accept a $360 million baseline bid to purchase its assets, including the company's portfolio of consumer installment loans, from debt co... (more story)
Mid Cap More
Private utility entity Aqua Pennsylvania asked a Pennsylvania bankruptcy judge to reject the City of Chester's proposed Chapter 9 plan, saying the city is trying to "commandeer" water and sewer assets in which... (more story)
A company created to protect an investment project supporting green card applications for Chinese nationals accused a North Carolina attorney in state court of helping shareholders try to place the company int... (more story)
Private equity firm and nursing home operator Goldner Capital Management has filed for Chapter 11 in New York bankruptcy court, claiming a lender orchestrated a "Trojan horse" scheme to cause it to default on ... (more story)
A tax tipster's bankruptcy filing doesn't pause his U.S. Tax Court case challenging the Internal Revenue Service's denial of his request for a whistleblower award, the Tax Court ruled Thursday, saying the awar... (more story)
Gloria Allred's long-running dispute with a former tenant — who said he fled rats in her Manhattan apartment eight years ago — spilled into New York federal court Monday, leaving the judge to wonder aloud why ... (more story)
A Virginia man was sentenced to five years in prison and hit with a $159,000 fine for what a D.C. federal judge called Thursday the "horrendous" crime of using a Manassas law firm to defraud homeowners facing foreclosure.
Two Georgia women who Rudy Giuliani accused of committing ballot fraud in the 2020 presidential election say his $3.5 million Florida condominium should be sold to help cover their $148 million defamation win ... (more story)
Biolase Inc., which makes laser systems used by dentists, received a Delaware bankruptcy judge's approval Thursday to access $1.4 million of an up to $5 million debtor-in-possession package as it plans for a q... (more story)
BAWT Enterprises LLC, the parent company of climate-data firm Athenium Analytics, on Thursday failed to persuade a Delaware bankruptcy judge to let it seek confirmation of a Chapter 11 restructuring just 15 da... (more story)
A road construction company can't sue the Internal Revenue Service for a tax refund for pandemic-era worker credits because its claims stemmed from Chapter 7 bankruptcy proceedings, the federal government told... (more story)