Mid Cap
-
June 21, 2024
Mountain Sports Kicks Off $55M Ch. 11 Case
A Delaware bankruptcy judge on Friday approved a slate of first-day motions for Mountain Sports LLC, the parent company of two sports retail chains, as it prepares to wind down its business.
-
June 21, 2024
Alex Jones Can't Appeal Bankruptcy Order On Debt To Victims
A Texas federal judge has rejected Alex Jones' bid to appeal a bankruptcy court order that said he couldn't use his Chapter 11 case to avoid paying damages to the families of Sandy Hook victims, ruling that the legal substance of the right-wing radio host's proposed challenge had already been considered by the Fifth Circuit.
-
June 21, 2024
Girardi Wants To Block Evidence Of Ex-Clients' Injuries At Trial
At the upcoming fraud trial of disgraced attorney Tom Girardi, his defense attorneys want to exclude any mention of the horrific injuries suffered by the clients he allegedly stole from, while prosecutors want to introduce evidence that he allegedly spent $25 million to fund the lavish lifestyle of his celebrity ex-wife.
-
June 21, 2024
Meet The Attorneys In Skin Cancer Test Co. DermTech's Ch. 11
A team of lawyers from Wilson Sonsini Goodrich & Rosati PC is guiding melanoma screening provider DermTech Inc. through its Chapter 11 case in Delaware.
-
June 21, 2024
Paul Hastings Bankruptcy Ace Joins Greenberg Traurig
Greenberg Traurig LLP added a Houston-based veteran bankruptcy attorney from Paul Hastings as a new shareholder.
-
June 21, 2024
Axiom Stays £65M Action As Directors Claim Bankruptcy
A London judge ruled on Friday that shuttered firm Axiom Ince can stay its almost £65 million ($82 million) claim against its ex-director and several of his companies for allegedly misappropriating client funds, saying the main defendant has been declared bankrupt.
-
June 20, 2024
Crypto Co. Hector DAO's Ch. 15 Stems From Hacks, Lawsuit
The recent crypto downturn, hacks and ensuing investor litigation prompted the British Virgin Islands-based cryptocurrency exchange Hector DAO to file for Chapter 15 in New Jersey, as it seeks to pause the lawsuit and other threatened claims.
-
June 20, 2024
Cancer Test Company DermTech Gets 1st Day Approvals
Bankrupt California-based dermatologic test maker DermTech Inc. won approval on Thursday for a series of first-day Chapter 11 motions, including to continue paying providers of electricity, internet and other utilities that power its molecular laboratory.
-
June 20, 2024
Spinal Implant Maker Can Liquidate Under Ch. 11 Plan
A Delaware bankruptcy judge agreed Thursday to approve the Chapter 11 liquidation and wind-down plan of biotechnology developer InVivo, which reported it landed a buyer for its spinal cord implant technology following an unsuccessful bankruptcy auction.
-
June 20, 2024
Ex-ITT Students Net $12M Win In Predatory Lending Scheme
A California federal judge has ordered loan servicer Vervent Inc. to pay $12 million to ex-students of bankrupt for-profit college ITT Education Services Inc. for Vervent's role in an alleged predatory lending scheme for ITT's benefit, finding it was appropriate to triple a $4 million jury award.
-
June 20, 2024
Boies Schiller Tapped To Represent Ex-Judge In Romance Suit
A former Texas bankruptcy judge has brought on Boies Schiller Flexner LLP attorneys to defend him against a racketeering lawsuit from a barge business over his undisclosed romantic relationship with a then-Jackson Walker LLP attorney involved in the company's bankruptcy case.
-
June 20, 2024
US Trustee Says Bittrex Still Owes Sanctioned Creditors
The U.S. Trustee asked a Delaware judge not to close the Chapter 11 case of crypto exchange Bittrex Inc., arguing that the estate must first get government permission to settle up with creditors in countries under U.S. sanctions.
-
June 18, 2024
Judge Skeptical Of Houston Developer's $2M DIP Bid In Ch. 11
The insolvent developer of an almost-finished apartment building in Houston hit a hiccup Tuesday during its first-day hearing in a Texas bankruptcy court, where a judge indicated the company did not present enough evidence to support a nearly $2 million debtor-in-possession package from an affiliate of its subordinate lender.
-
June 18, 2024
Small Biz Bankruptcies Likely To Spike Before Debt Limit Ends
U.S. bankruptcy courts are likely to see a spike in small business filings under Subchapter V of Chapter 11 this week, in the days before the current $7.5 million debt limit to qualify falls back to about $3 million on Friday without action from Congress, according to experts.
-
June 18, 2024
Judge Will OK Disclosures For 3 Plans In Eletson Ch. 11
A New York bankruptcy judge said Tuesday he will approve disclosure statements detailing three competing Chapter 11 plans proposed in the bankruptcy of shipping company Eletson Holdings Inc. after some revisions, overruling overlapping objections claiming the statements didn't offer adequate information.
-
June 18, 2024
Biotech Co. NanoString Gets OK On Ch. 11 Wind Down Plan
NanoString Technologies Inc., a Seattle-based maker of gene analysis technology, can use proceeds from the $393 million sale of its business to repay nearly all creditors in full after a Delaware bankruptcy judge Tuesday approved its Chapter 11 plan.
-
June 18, 2024
Aircraft Co. Icon's Ch. 11 Sale Cleared With Higher Price
Light-sport aircraft producer Icon received a Delaware bankruptcy court's approval Tuesday for a nearly $15.8 million sale of its assets after securing an agreement to increase the price by $250,000, just hours before a hearing on the transaction.
-
June 18, 2024
Rite Aid, SVB Affiliates Among Top 2024 Ch. 11 Sales So Far
Branches of Rite Aid and Silicon Valley Bank, technology and biotech firms and a discount store chain were among the companies that attracted top dollar in the Chapter 11 auctions held during the first half of 2024.
-
June 18, 2024
San Diego Diocese ReEnters Ch. 11 Over Sex Abuse Claims
The Roman Catholic Diocese of San Diego has reentered Chapter 11 in a California bankruptcy court, saying it is facing more than $100 million in liabilities from more than 450 new sexual abuse claims filed in recent years.
-
June 18, 2024
Kristen Bell's Baby Co. Gets OK For Ch. 11 Plan
A Delaware bankruptcy judge on Tuesday confirmed the Chapter 11 plan for Unconditional Love Inc., the baby-product company founded by actress Kristen Bell that does business as Hello Bello, as it prepares to wind down its business.
-
June 18, 2024
Cancer Test Company DermTech Hits Ch. 11, Seeking Sale
California-based dermatologic test maker DermTech Inc. hit Chapter 11 Tuesday in Delaware and said it would be laying off about 20% of its workforce as it seeks to sell its assets.
-
June 18, 2024
Electric Vehicle Startup Fisker Hits Ch. 11 With Sale Plans
Electric vehicle company Fisker Group Inc. has petitioned for Chapter 11 protection in Delaware bankruptcy court with more than $100 million of debt, months after the collapse of a potential partnership with a major automaker imperiled the startup's attempts to raise new financing.
-
June 17, 2024
Cybersecurity Co. Appgate Gets OK For Prepack Ch. 11 Plan
A Delaware bankruptcy judge said Monday he would confirm network security solutions provider Appgate Inc.'s prepackaged Chapter 11 plan, and overruled an objection from the U.S. Trustee's Office to the plan's release opt-out form for equity interest holders.
-
June 17, 2024
Creditors Say Giuliani Is 'Shrewd' And Needs Ch. 11 Trustee
Rudy Giuliani's creditors made their argument to a New York judge on Monday about why they felt he should be stripped of control of his bankruptcy case, disparaging his motives, missing financial information and ability to stick to a budget.
-
June 17, 2024
SEC Alleges Texas Man Offered Virgin Sham $200M 'Lifeline'
Securities regulators sued a venture capitalist and his investment firm in Texas federal court Monday, accusing the firm of making a bogus offer to invest $200 million into Virgin Orbit last year despite having less than $1 in its bank account and causing stock prices to swell before plummeting when the deal collapsed.