Pivot To Conventional Oil Offers Hope For Reorganized Vertex
Fuel refiner Vertex has effectuated its plan to emerge from bankruptcy by recapitalizing with up to $100 million in new financing while handing equity to old lenders, and experts say it may fare better now by focusing on conventional oil production.
NY Judge Scolds Firm Amid Rise In Real Estate Ch. 11s
A New York judge stripped a local Long Island law firm of nearly all its retainer and the legal fees it had submitted for pursuing what he described as a meritless Chapter 11 case, putting attorneys on notice that they should think twice before contributing to the flood of landlords filing for bankruptcy in an effort to escape foreclosure in his district.
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Meet The Attys In Plastic Suppliers' Ch. 11
Attorneys from Archer & Greiner PC are assisting Plastic Suppliers, a maker of compostable films and other plastic packaging, navigate its Chapter 11 case, while Porzio Bromberg & Newman PC is representing the official committee of unsecured creditors.
Pivot To Conventional Oil Offers Hope For Reorganized Vertex
Fuel refiner Vertex has effectuated its plan to emerge from bankruptcy by recapitalizing with up to $100 million in new financing while handing equity to old lenders, and experts say it may fare better now by focusing on conventional oil production.
NY Judge Scolds Firm Amid Rise In Real Estate Ch. 11s
A New York judge stripped a local Long Island law firm of nearly all its retainer and the legal fees it had submitted for pursuing what he described as a meritless Chapter 11 case, putting attorneys on notice that they should think twice before contributing to the flood of landlords filing for bankruptcy in an effort to escape foreclosure in his district.
Meet The Attys In Plastic Suppliers' Ch. 11
Attorneys from Archer & Greiner PC are assisting Plastic Suppliers, a maker of compostable films and other plastic packaging, navigate its Chapter 11 case, while Porzio Bromberg & Newman PC is representing the official committee of unsecured creditors.
Expert Analysis
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Large Cap More
A New York bankruptcy judge agreed Friday to extend an injunction blocking litigation against the former owners of Purdue Pharma for another month after being told a deal on a new Chapter 11 plan for the OxyCo... (more story)
A New York bankruptcy judge on Friday ruled former shareholders and executives of Greek shipping group Eletson Holdings Inc. must comply with the court's confirmed Chapter 11 plan, directing them to assist in ... (more story)
99 Cents Only, a former California-based discount store, received a Delaware bankruptcy judge's approval Friday to wind down its affairs under a Chapter 11 plan based on a deal reached between its unsecured cr... (more story)
A Fifth Circuit decision rejecting mattress maker Serta Simmons' controversial "uptier" exchange offers new ammunition for an array of investors excluded from non-pro rata debt transactions, a development that... (more story)
Defunct trucking company Yellow Corp. told a Delaware bankruptcy judge on Thursday that its last delivery was made the day before it laid off 22,000 union workers, making it a "liquidating fiduciary" that woul... (more story)
In the lead-up to and aftermath of California hospital operator Prospect Medical Holdings Inc.'s $1 billion bankruptcy, Connecticut lawmakers are considering new regulatory powers, promising and penning oversi... (more story)
Bankrupt medical implant manufacturer Exactech asked a Delaware bankruptcy judge Thursday for permission to pay up to $5 million in bonuses to its top executives, saying they are performing necessary work for ... (more story)
The managing partner of White and Williams LLP's New York office has taken on the role of chair of the firm's financial restructuring and bankruptcy practice, where she plans to focus on improving the practice... (more story)
Chilean mobile phone operator WOM SA received a Delaware bankruptcy court's approval of its Chapter 11 plan disclosure statement on Thursday after resolving all objections from the U.S. trustee and an ad hoc g... (more story)
A bipartisan coalition of states on Thursday announced a $7.4 billion settlement in principle with the Sackler family and their company Purdue Pharma Inc., representing the largest settlement to date with the ... (more story)
Mid Cap More
A Houston plaintiffs attorney has filed for personal Chapter 11 bankruptcy with more than $202 million of litigation funding liabilities, according to his petition in the Southern District of Texas.
Bankruptcy attorney Joseph Grier of Grier Wright Martinez PA will serve as special master to identify, receive, track and distribute billions of dollars that will go toward restitution to victims defrauded by ... (more story)
A Louisiana federal judge has sent a $22 million insurance dispute over oil drilling equipment damaged by Hurricane Ida back to state court, citing an invalid arbitration clause between the parties.
The U.S. Trustee's Office has urged a Delaware bankruptcy judge not to confirm Blink Fitness' Chapter 11 plan, arguing it is unfairly seeking to exculpate professionals for future acts and extend an injunction... (more story)
Bankrupt hospital owner CarePoint Health Systems Inc. received approval of its Chapter 11 plan disclosure statement Thursday after a Delaware bankruptcy judge heard about a string of modifications that resolve... (more story)
GenapSys is pushing back on Paul Hastings LLP's bid to force it to turn over documents that it had inadvertently released during discovery in a legal malpractice suit alleging that the law firm improperly draf... (more story)
A stalled developer received a Delaware bankruptcy judge's final seal of approval Thursday to use an $11 million loan funded by the California city where it planned to build a resort as it prepares to sell its... (more story)
Reed Smith fought back Tuesday against allegations by the purported new owners of Eletson Holdings that the BigLaw firm is "causing chaos" by refusing to withdraw as counsel of record in $102 million breach-of... (more story)
The official committee of unsecured creditors in drugmaker Nostrum Laboratories Inc.'s Chapter 11 case has asked a New Jersey bankruptcy judge for additional authority to help investment bank Raymond James fin... (more story)
Infowars host Alex Jones has asked Connecticut's highest court to review a $1.44 billion judgment for calling the Sandy Hook school massacre a "hoax," arguing his trial judge violated the state and federal con... (more story)