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

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 Slams Kwok Trustee For Targeting Law Firm

The New York Council of Defense Lawyers has slammed a Chapter 11 trustee's attempt to avoid payments to an Empire State law firm by three nondebtor entities associated with bankrupt Chinese exile Ho Wan Kwok, ... (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)

Express Picks Stalking Horse Bidder As Ch. 11 Buyer

A stalking horse bidder offering $136 million in cash for the assets of clothing retailer Express Inc. will be the buyer in the debtor's competitive sale process, after its offer was deemed to be the only qual... (more story)

Steward Health To Mediate Sale Disputes, Tap New $225M DIP

A Texas bankruptcy judge on Thursday ordered Steward Health Care to engage in mediation with its main landlord and other parties to attempt to resolve disputes over how to allocate proceeds from the sales of S... (more story)

Baltimore Diocese Fights Insurers' Dismissal Attempt

The Roman Catholic Diocese of Baltimore defended its adversary action in Maryland bankruptcy court seeking coverage from its insurance carriers, arguing that resolving the issue is crucial to resolving its Cha... (more story)

Mid Cap More

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)

Brazilian Food Chain Co. SouthRock Files Ch. 15 In Texas

SouthRock Capital Ltda., a Brazilian private equity company that operates international food service brands including Starbucks and TGI Friday, filed for Chapter 15 bankruptcy in Texas, blaming its insolvency ... (more story)

Mississippi Casino Developer's Creditors Want To Force Ch. 7

Creditors for developer Diamondhead Casino Corp., which has been trying for years to build a casino in Mississippi near the Gulf Coast, filed an involuntary bankruptcy petition in Delaware bankruptcy court aga... (more story)

Creditors Appealing Denial Of Estate Trustee In Eletson Ch. 11

The official committee of unsecured creditors in the bankruptcy of shipping company Eletson is appealing a New York bankruptcy judge's decision not to appoint a Chapter 11 trustee in the case.

2nd Circ. Backs Brokerage In Suit Over Biotech's Failed IPO

The Second Circuit on Wednesday declined to reinstate a Texas company's suit against an investment brokerage that advised biotech Inpellis on an initial public offering that failed and sent the company to file... (more story)

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)