Expert Analysis

11th Circ. Ruling May Foreshadow Ch. 15 Clashes

The Eleventh Circuit's recent decision in In re: Talal Qais Abdulmunem Al Zawawi has introduced a split from the S... (more story)

Bankruptcy Courts Have Contempt Power, Del. Case Reminds

A Delaware bankruptcy court recently held Camshaft Capital and its principal in contempt, serving as a reminder to... (more story)

What Lies Behind Diverging US And UK Insolvency Trends

Contrasting U.K. and U.S. insolvency trends highlight the importance of policy interventions in shaping consumer f... (more story)

Large Cap More

Pa. Seeks New Bankruptcy Judge As Vacancies Increase

Two vacancies and a third open seat coming at the end of July in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania has led the Third Circuit to announce this week it is accepting applications ... (more story)

SVB Parent Gets OK For $340M Sale Of Financial Biz

A New York bankruptcy judge gave the former parent of Silicon Valley Bank permission Wednesday to sell its still-solvent investment arm for $340 million, and told it he will rule on sending its Chapter 11 plan... (more story)

Genesis Returns $2.2B Of Lending Program Crypto In Ch. 11

Former crypto lender Genesis Global Holdco LLC returned $2.18 billion worth of digital assets Wednesday to 232,000 users of an interest-accruing lending program, Gemini Earn, after a New York bankruptcy judge ... (more story)

Express Inc. DIP Loan Draws Fire From Unsecured Creditors

Express Inc.'s unsecured creditors objected to final approval of the struggling retailer's $35 million debtor-in-possession financing, arguing that the loan package is not only unfair, but shouldn't be locked ... (more story)

OCC's Hsu Says More Banks May Need Crisis Playbook Rules

The Office of the Comptroller of the Currency's acting chief Michael Hsu called for potentially subjecting more banks to recovery planning standards that currently kick in at the $250 billion asset size thresh... (more story)

Ex-NRA CFO Settles NY AG Suit Before Phase-Two Trial

The National Rifle Association's former chief financial officer has reached a settlement with the New York attorney general's office ahead of the second phase of a trial over claims the group and its executive... (more story)

Snubbed ConvergeOne Creditors Appeal Ch. 11 Plan

A group of ConvergeOne lenders that claim the information technology company's reorganization plan unfairly advantages rival creditors has appealed a Texas bankruptcy judge's recent ruling approving the Chapte... (more story)

Beasley Allen, J&J Trade Barbs Over DQ Bid In Talc Litigation

Johnson & Johnson and the Beasley Allen Law Firm have accused each other by turns of "gamesmanship" and "unscrupulous conduct" in New Jersey courts in a fight over whether the firm should be disqualified from ... (more story)

FTX Exec Who Acted As Bankman-Fried 'Tool' Gets 7½ Years

A Manhattan federal judge hit cryptocurrency finance expert and former FTX executive Ryan Salame with a 7½-year sentence Tuesday for duping a bank to authorize $1.5 billion of illegal transfers and making frau... (more story)

PIMCO Says It Needs To Assess CFPB's Loan Service Deal

Investment management giant PIMCO told a Pennsylvania federal judge on Friday that it needs more time to study a proposed $5 million settlement between the Consumer Financial Protection Bureau, a Pennsylvania ... (more story)

Mid Cap More

Weinstein Could Face Added Assault Charges In Retrial

New York prosecutors planning to retry Harvey Weinstein this fall after his rape conviction was overturned said Wednesday they may file an expanded indictment after hearing from new sexual assault claimants.

$10M Policy Excludes Tobacco Group's Suit, Court Told

An insurer told a North Carolina federal court Tuesday that it doesn't owe coverage to a tobacco growers' cooperative saddled with paying out a $100 million settlement for farmers, arguing that its $10 million... (more story)

Hawaii Warns Telecom Co.'s Loan Woes Will Affect Consumers

The Department of Hawaiian Home Lands is warning customers who live in the home lands and use Sandwich Isles Communications for phone and internet service that they need to switch companies immediately or risk... (more story)

Applesauce Maker Files Ch. 7 Facing Lead Recall Lawsuits

WanaBana LLC, which makes fruit purées, snacks and teas, has filed for Chapter 7 bankruptcy in Delaware as it fights litigation over recalled cinnamon applesauce pouches the FDA has connected to 90 confirmed cases of illness.

Medical Test Maker To Liquidate After FDA Slams COVID Kits

Medical test maker Cue Health filed for Chapter 7 liquidation in Delaware bankruptcy court Tuesday with more than $50 million in debt, two weeks after federal regulators warned customers to throw out its COVID... (more story)

UV Air Purifier Co. Hits Ch. 11 After Post-COVID Sales Slump

The holding company of several ultraviolet-related air purifying companies has hit Chapter 11 in New York, saying it needs to reorganize after its subsidiaries stopped making money following an initial COVID-19-related boom.

Ex-Partners Oppose Dismissal Of Bankruptcy Firm's Ch. 11

Two ex-partners of bankrupt Minnesota consumer bankruptcy firm LifeBack Law Firm have restated their request that a Minnesota bankruptcy judge wrest control of the firm from its "disruptive" current controllin... (more story)

Legal Lenders Can't Avoid Hurricane Ads Suit, Plaintiff Argues

Funding companies that lent $20 million to a Texas law firm accused of using it to deceptively solicit hurricane victims can't escape liability by claiming they didn't know how attorneys were using the money o... (more story)

UrgentPoint Can Use Lender Cash Despite Pushback

Holistic healthcare provider UrgentPoint got approval in Delaware bankruptcy court Friday to use its lenders' cash collateral in its Chapter 11 case, after facing questions from the U.S. Trustee's Office and t... (more story)

Biden's Judicial Impact And What's Left On The Wish List

President Joe Biden secured confirmation of his 200th federal judge Wednesday and has transformed the judiciary by picking more women and people of color than any other president. But the upcoming election sea... (more story)