/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 ¼«ËÙÈü³µ. en-US Wed, 16 Apr 2025 20:50:44 +0000 /bankruptcy/articles/2326258?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326258 The Third Circuit vacated a Delaware bankruptcy judge's order to unseal records a successor of Essar Steel's U.S. unit is seeking to bolster its antitrust claims against Cleveland-Cliffs, ruling Wednesday that the Chapter 11 judge used the wrong standard. Wed, 16 Apr 2025 20:22:41 +0000 /bankruptcy/articles/2324062?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2324062 A Connecticut appeals court's $150 million paring of a $1.44 billion judgment against Infowars host Alex Jones for defaming the Sandy Hook Elementary School shooting victims' families was a shift away from a broader view of the state's most popular business litigation statute, several experts told ¼«ËÙÈü³µ. Wed, 16 Apr 2025 19:22:31 +0000 /bankruptcy/articles/2326171?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326171 Bankrupt talc producer Imerys Talc America on Wednesday defended its recent move to file a Chapter 11 case for its Italian subsidiary, saying the foreign unit is facing imminent financial danger should it be targeted in talc injury suits. Wed, 16 Apr 2025 18:53:40 +0000 /bankruptcy/articles/2325972?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325972 A Florida bankruptcy judge on Wednesday said he would approve judgments ordering a realty company sued over predatory listing contracts that effectively acted as liens on homes to pay more than $800,000 in Chapter 11 fees, including to attorneys representing homeowners allegedly duped into signing the agreements. Wed, 16 Apr 2025 16:57:00 +0000 /bankruptcy/articles/2326387?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326387 Jackson Walker LLP told a federal judge that the CEO of a now-bankrupt barge company is improperly trying to relitigate the issue of standing in bankruptcy court with his suit over a former judge's secret romance with a firm partner. Wed, 16 Apr 2025 16:33:28 +0000 /bankruptcy/articles/2326444?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326444 A Texas federal bankruptcy judge on Wednesday canceled an upcoming trial after a federal district court agreed to preside over a suit brought by the U.S. Trustee's Office in an effort to make Jackson Walker LLP forfeit fees from more than 30 cases overseen by a former bankruptcy judge who was romantically involved with a onetime partner at the firm. Wed, 16 Apr 2025 13:37:20 +0000 /bankruptcy/articles/2326155?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326155 For now, Reed Smith will not be compelled to turn over a client file to the new owners of reorganized international shipping group Eletson, following a temporary stay issued by the Second Circuit amid the BigLaw firm's fight to continue representing the company's prebankruptcy shareholders. Wed, 16 Apr 2025 10:51:13 +0000 /bankruptcy/articles/2326204?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2326204 Renewable fuels company Global Clean Energy Holdings Inc. filed for Chapter 11 relief Wednesday in Texas with more than $2 billion of liabilities, about $2 million of cash on hand and a prearranged restructuring plan supported by most of its secured lenders. Wed, 16 Apr 2025 10:12:37 +0000 /bankruptcy/articles/2322762?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2322762 As the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission pull back from policing the crypto markets, the Federal Trade Commission and Consumer Financial Protection Bureau have the authority to pick up the slack — although recent events raise doubts that they will do so, say attorneys at Skadden. Tue, 15 Apr 2025 21:08:31 +0000 /bankruptcy/articles/2325763?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325763 The Second Circuit on Tuesday affirmed that Allied World National Assurance Co. can't force a dispute over coverage for negligence claims asserted against directors and officers of medical accounting conglomerate Constellation Healthcare Technologies Inc. into arbitration. Tue, 15 Apr 2025 20:06:28 +0000 /bankruptcy/articles/2325793?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325793 A group of asbestos litigation defendants and related bankruptcy debtors, including Johnson & Johnson, sued 10 asbestos claims trusts in Delaware's Court of Chancery on Tuesday, accusing them of pursuing an improper destruction of evidence linked to tens of thousands of potential cases. Tue, 15 Apr 2025 19:49:35 +0000 /bankruptcy/articles/2325857?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325857 Beazley Insurance Co. and certain former directors and officers of a special purpose acquisition company that ultimately became a solar financing company accused the successor company in Delaware Chancery Court of failing to indemnify and advance costs they incurred in two cases stemming from the SPAC merger. Tue, 15 Apr 2025 19:42:44 +0000 /bankruptcy/articles/2325669?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325669 Three creditors of Chinese real estate developer Xinyuan Real Estate Co. Ltd. filed an involuntary bankruptcy petition against the company late Monday, saying it is in default on $170 million in note debt. Tue, 15 Apr 2025 18:23:08 +0000 /bankruptcy/articles/2325603?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325603 Paul Weiss Rifkind Wharton & Garrison LLP told a Delaware bankruptcy judge Tuesday that it would be willing to reduce its proposed work for liquidating retailer Forever 21 in response to an objection by the U.S. Department of Justice's bankruptcy watchdog, which argued the firm is conflicted in the Chapter 11 case and shouldn't be hired by the debtor. Tue, 15 Apr 2025 18:17:28 +0000 /bankruptcy/articles/2325813?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325813 The Ninth Circuit on Tuesday affirmed a $272 million verdict for Monster Energy Co. in a false advertising case against defunct Vital Pharmaceuticals Inc. and its former CEO, rejecting a series of challenges to rulings that narrowed the evidence at trial. Tue, 15 Apr 2025 16:51:46 +0000 /bankruptcy/articles/2325767?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325767 Boies Schiller Flexner LLP must face a Chapter 11 trustee's nearly $654,000 clawback case for receiving cash from a company connected to since-convicted Chinese exile Miles Guo, a Connecticut bankruptcy judge has ruled, advancing the case against the firm's motion to dismiss. Tue, 15 Apr 2025 15:45:29 +0000 /bankruptcy/articles/2325572?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325572 Excell Communications Inc., a telecommunications infrastructure developer, and two affiliates filed for bankruptcy in New York with $45.5 million in unsecured debt after losing a key business relationship. Tue, 15 Apr 2025 11:24:37 +0000 /bankruptcy/articles/2325506?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325506 Husch Blackwell LLP has fortified its insolvency and commercial bankruptcy practice with a partner in Austin, Texas, who came aboard from Chamberlain Hrdlicka White Williams & Aughtry. Tue, 15 Apr 2025 10:43:48 +0000 /bankruptcy/articles/2324300?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2324300 Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley. Mon, 14 Apr 2025 20:25:30 +0000 /bankruptcy/articles/2325051?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2325051 A Texas bankruptcy judge on Monday said he would have to consider ways to increase Barretts Minerals Inc.'s perceived independence from its parent company if he agrees to allow the talc miner to stay in Chapter 11.