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

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)

Terraform, Founder To Settle With SEC For $4.7B After Trial

Crypto firm Terraform Labs and its founder Do Kwon have agreed to a combined $4.67 billion settlement with the U.S. Securities and Exchange Commission after a Manhattan jury found the firm and executive liable... (more story)

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.

Ventilator Maker Can Tap $25M DIP In Ch. 11

Vyaire Medical Inc., a producer and distributor of medical ventilators, received a Delaware bankruptcy judge's approval Tuesday to borrow $25 million in debtor-in-possession financing as it pursues a Chapter 1... (more story)

WeWork Announces CEO Switch As It Leaves Ch. 11

WeWork, fresh from the confirmation of its Chapter 11 restructuring plan, said Tuesday it will be led by John Santora, who will take over as CEO as the company leaves bankruptcy behind.

Hedge Fund Boss Has 10 Days To Appear For Byju's Depo

A Delaware bankruptcy judge on Tuesday suspended an arrest warrant for hedge fund Camshaft Capital's manager and ordered him to return to the U.S. within 10 days and answer questions from the bankrupt U.S. sub... (more story)

Mid Cap More

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)

Pharmacy Co. Optio Gets Interim OK For $10M DIP Package

Illinois-based specialty pharmacy chain Optio received interim approval at a first-day hearing Tuesday in Delaware bankruptcy court to access a $10 million in new money debtor-in-possession financing to fund its Chapter 11.

Acorda Disclosures Lack Info On Releases, Say Creditors

Drugmaker Acorda Therapeutics Inc. faced objections to its disclosure statement from its creditors committee and the U.S. Trustee's Office, which said it failed to provide enough information about releases in the plan.

AI Hiring Platform's Ex-CEO Charged With $27M Fraud

The founder of hiring startup Joonko Diversity Inc. has been charged with fraud, with prosecutors saying Tuesday that she deceived investors into dumping $27 million into a platform that supposedly used artifi... (more story)