Expert Analysis

2 Options For Sackler Family After High Court Purdue Ruling

After the U.S. Supreme Court recently blocked Purdue Pharma's plan to shield the family that owns the company from... (more story)

Revisiting Scalia's 'What's It To You?' After Kaiser Ruling

While the U.S. Supreme Court's recent decision in Truck Insurance Exchange v. Kaiser allows insurers to be conside... (more story)

Florida Banking Brief: All The Notable Legal Updates In Q2

The second quarter of 2024 brought two notable bills that will affect Florida's banking and finance community acro... (more story)

Large Cap More

Luxury Fashion Co. Farfetch Ltd. Seeks US Ch. 15 Nod

The foreign representatives for luxury e-commerce fashion company Farfetch Limited have asked a Delaware bankruptcy judge to extend U.S. recognition to the company's liquidation proceedings in the Cayman Islan... (more story)

Syracuse Diocese To Notice Creditors On Ch. 11 Releases

Lawyers for the Diocese of Syracuse said they've come up with a process to collect creditor consent for third party releases in an already voted on reorganization plan, telling a New York bankruptcy judge Thur... (more story)

Rite Aid Gets OK To Sell Interests In Its Loan To MedImpact

A New Jersey bankruptcy judge on Thursday approved Rite Aid's sale of most of its interests in a $567 million loan that it made, the proceeds of which it will distribute to creditors under its Chapter 11 reorganization plan.

Biden Taps Cohen Weiss Atty As PBGC Director

President Joe Biden on Thursday tapped an attorney who most recently served as of counsel at Cohen Weiss & Simon LLP to head the Pension Benefit Guaranty Corp.

Talc Law Firms Beat J&J Subpoenas Seeking Funding Info

The Beasley Allen Law Firm, another plaintiffs law firm and a litigation funder defeated subpoenas from Johnson & Johnson in talc litigation, with a special master reasoning that the broad swath of discovery p... (more story)

Bally Sports Parent Axes TV Deal With NHL's Dallas Stars

A Texas bankruptcy judge on Thursday approved a request by Bally Sports parent company Diamond Sports Group to reject a broadcast agreement with the NHL's Dallas Stars, the latest professional team to part ways with DSG.

Ex-Bankruptcy Judge Says Immunity Bars Atty Romance Suit

A former U.S. bankruptcy judge being sued over a secret romantic relationship he had with a former Jackson Walker LLP lawyer who practiced in his court urged a Texas federal court on Thursday to toss the case,... (more story)

Rite Aid, DOJ Craft $410M Settlement Of Opioid Sale Claims

Rite Aid agreed to a nearly $410 million settlement with the U.S. Department of Justice, the bulk of which will be an unsecured claim in the company's Chapter 11 case, that will put to bed allegations the phar... (more story)

Feds Say Guo Ran 'Fraud Empire' As Racketeering Trial Wraps

Manhattan federal prosecutors urged a jury on Wednesday to convict Chinese dissident Miles Guo for operating his political movement as a vast racketeering conspiracy that "brainwashed" supporters into spending... (more story)

Acis Can't Intervene In Highland Capital Ch. 11 Claim Conflict

Investment firm Acis Capital Management LP can't get involved in a $9.6 million claim dispute in reorganized hedge fund Highland Capital Management LP's Chapter 11 case, a Texas bankruptcy judge ruled Wednesda... (more story)

Mid Cap More

Cigna Objects To Ch. 11 Nursing Home Asset Sale Proposal

Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, sayi... (more story)

Texas Pipe Distributor Can Use Cash Collateral In Ch. 11

A Texas bankruptcy judge Thursday told pipe distributor Tubular Synergy Group LP he would carefully monitor its use of its main lender's cash collateral to continue to do business, while he approved a slate of... (more story)

Sorrento Investors Rip Atty Fee Requests Over 'Scant' Results

A group of Sorrento Therapeutics Inc. shareholders has asked a Texas bankruptcy judge to reject $50 million in fee applications by lawyers for the drug developer, charging that the Chapter 11 case has been a "... (more story)

CLO Holder Can't Duck Portfolio Manager's Feud Just Yet

A New York federal court has refused to finalize a February decision dismissing all claims against an investment scheme created to hold collateralized loan obligations whose liquidation is at the center of a s... (more story)

Americanas Ch. 15 Held Up By Creditor Treatment Concern

A restructuring plan for Brazilian department store chain Americanas SA hit a roadblock Thursday when a New York bankruptcy judge questioned the treatment of noteholders that didn't consent to giving releases ... (more story)

CalAmp Prepack Plan With Debt-Equity Swap Confirmed

California-based cloud technology developer CalAmp Corp. received confirmation of its prepackaged Chapter 11 plan on Thursday after making changes requested by the U.S. Trustee's Office and U.S. Securities and... (more story)

Chancery Orders Invictus Fund Sides To Provide Case Update

Pointing to hints of clarity in a distressed credit and special-situations fund's murky, 9-month-old battle for documents and cash held by its general partner and investment manager, a Delaware vice chancellor... (more story)

Grocery Co. Takeoff Inks DIP, Sale Deal With Creditors

Grocery automation business Takeoff told a Delaware bankruptcy judge Thursday the company reached a deal with its unsecured creditors to end their opposition to its Chapter 11 financing and sale plans, as well... (more story)

Calif. In-Demand Merchandise Maker Files Ch. 7

Los Angeles-based in-demand products maker SQ USA Inc. filed for Chapter 7 liquidation in California bankruptcy court with $21.3 million in debt after the company's business failed for the past few years.

Synapse Credit's Finance Lending License Pulled In California

The California Department of Financial Protection and Innovation on Wednesday revoked the financing lending license of Synapse Credit LLC, a subsidiary of Synapse Financial Technologies, whose April bankruptcy... (more story)