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)

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Judge Converts Alex Jones Ch. 11, Tosses Media Co.'s Case

A Texas bankruptcy judge on Friday turned Alex Jones' bankruptcy case into a Chapter 7, allowing a trustee to liquidate the right-wing conspiracy theorist and media personality's assets to repay creditors, but... (more story)

Blistering Dissents Belie Justices' Penchant For Consensus

Thirteen days into June, the U.S. Supreme Court had recorded one of the highest rates of unanimous decisions in the past four decades. But the era of historic consensus was tarnished a bit Friday when the cour... (more story)

Hunter Biden Axes Data Privacy Suit Against Giuliani, For Now

Hunter Biden has tentatively agreed to drop a federal computer fraud and digital privacy suit against Rudy Giuliani and various other defendants relating to alleged data theft from his infamous laptop, after t... (more story)

Guo's Crypto Venture Raised 'Red Flags,' Investigator Says

A compliance investigator at cryptocurrency wallet provider BitGo testified in Manhattan federal court Friday that he identified multiple "financial crime red flags" in the digital asset exchange promoted by C... (more story)

Defense Atty Group Backs Law Firm In Guo Trustee Clawback

The New York Council of Defense Lawyers has slammed a Chapter 11 trustee's attempt to claw back legal fees from an Empire State law firm that represented three nondebtor entities associated with bankrupt Chine... (more story)

Express Inc. Gets OK For $160M Going-Concern Sale

A Delaware bankruptcy judge on Friday gave Express Inc. the go-ahead to hand over its clothing retail business as a going concern to the provider of the $160 million stalking-horse bid in its Chapter 11 auction.

Goetz Fitzpatrick To Merge With Platzer Swergold Next Year

Goetz Fitzpatrick LLP and Platzer Swergold Goldberg Katz & Jaslow LLP will combine forces next year to create a single New York City firm.

No Retroactive Fix For US Trustee Fee Dispute, Justices Say

The U.S. Supreme Court sided with the U.S. Trustee's Office on Friday in finding that an amended fee structure implemented before a 2022 ruling that struck down a nonuniform system of payments was all that was... (more story)

Judge Orders $2.9M Chinese Dissident's Fund Share Sale

A Connecticut bankruptcy judge approved a request by the Chapter 11 trustee overseeing exiled Chinese billionaire Miles Guo's case to liquidate $2.9 million in investment fund shares held by Lamp Capital LLC, ... (more story)

Nevada Copper Inc. Can Mine $20M Of $60M DIP In Ch. 11

A Nevada bankruptcy judge on Thursday agreed to approve a $20 million draw of debtor-in-possession financing and some customary first-day motions for bankrupt mining company Nevada Copper Inc., clearing the wa... (more story)

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Fed Limits Bank's Fintech Dealings Over Risk Concerns

The Federal Reserve filed a cease-and-desist order against an Arkansas bank Friday requiring it to obtain federal and state approval before partnering with any fintech companies going forward after the agency ... (more story)

Almond Grower Trinitas Can Sell Ranches For $121M In Ch. 11

The debtor-in-possession lender and unsecured creditors of almond grower Trinitas Farming LLC told a California bankruptcy judge on Friday they had resolved their dispute over Trinitas' liquidation strategy, c... (more story)

Red Lobster Hooks Global Ch. 11 Deal On DIP Compromise

Red Lobster said Friday it reached a global deal with creditors, lenders and landlords that clears the way for a consensual Chapter 11 reorganization, after resolving disputes over a bankruptcy financing packa... (more story)

Ch. 11 Trustee Approved In Tommy's Boats Bankruptcy

At a hearing on Friday, a Texas bankruptcy judge authorized the appointment of a Chapter 11 trustee in the bankruptcy of boat and water sports retailer Tommy's Boats after the company was recently denied the u... (more story)

Aircraft Maker Icon Picks German Co.'s Bid In Ch. 11 Auction

Light-sport aircraft manufacturer Icon Aircraft said Friday it selected a $15.5 million offer from a unit of German textile machinery producer Durkopp Adler as the winning bid for its assets at a Chapter 11 au... (more story)

Petersen Creditors Ask To Probe Private Plane Buy, CEO Pay

Nursing home operator Petersen Health Care's creditors urged the Delaware bankruptcy court to let them examine transactions between the debtor and related entities that aren't in its Chapter 11 case, including... (more story)

Pa. Nursing Home Creditors OK With $43.7M DIP Loan

Creditors of a Pittsburgh-area nursing home network indicated Thursday they were open to $43.7 million in debtor-in-possession financing as the group prepares to potentially sell off a portion of its footprint... (more story)

Judge Will Tap Arbitrator To Explain $87M Shipping Award

A New York federal judge will let an arbitrator who found that Levona Holdings Ltd. owed Eletson Holdings Inc. almost $87 million in damages clarify the order, saying it was sufficiently ambiguous to require e... (more story)

Red Lobster Creditors Attack DIP Lender's 'Land Grab'

Red Lobster's Chapter 11 case is becoming contentious as creditors face off against the restaurant chain's key lender Fortress Credit Corp., challenging its ability to credit bid for the company and its liens ... (more story)

Transport Co. Coach Can Use $200M DIP To Fund Ch. 11 Sale

A Delaware bankruptcy judge agreed Thursday to grant interim approval for bus operator Coach USA's almost $200 million debtor-in-possession package, allowing it to access some $20 million in new funds as it wo... (more story)