Expert Analysis

5th Circ. Bond Claim Ruling Shows Creditors Must Be Vigilant

In Raymond James & Associates v. Jalbert, the Fifth Circuit recently held that the bankruptcy debtor's indemnifica... (more story)

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)

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Bankrupt BlockFi Agrees To $150k Penalty In Conn. Bond Row

Bankrupt cryptocurrency lender BlockFi has reached a deal with Connecticut's banking regulator to pay a $150,000 civil penalty over claims the company failed to maintain a required surety bond, and a decision ... (more story)

Archdiocese Seeks NY High Court Clarity In Abuse Row

The Archdiocese of New York asked a state appeals court for leave to appeal to the state's highest court to clarify the proper pleading standards in a coverage dispute brought by Chubb over sexual abuse claims... (more story)

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)

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Bankrupt EV Charger Co. Execs Hid Liquidity Woes, Suit Says

Three current and former executives of bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc. face an investor's proposed class action claiming the executives concealed a liquidity c... (more story)

Honeywell Ends Suit Over $8.75M Bond For Army Base Work

A Pennsylvania federal court has approved a request from Honeywell International Inc. to drop its lawsuit over an $8.75 million performance bond whose issuer allegedly balked at paying to replace a bankrupt su... (more story)

Drug Co. Eiger Can Probe Lender On Foiled PIPE Deal Fallout

Eiger BioPharmaceuticals received a Texas bankruptcy judge's approval Wednesday to collect documents from lender Innovatus Life Sciences tied to what the rare-disease drugmaker called Innovatus's decision to "... (more story)

Tremont Chicago Hotel Reaches Agreement With Lender

A defunct hotel near Chicago's commercial center has reached an agreement with its senior secured creditor, resolving its request to dismiss the case or lift the Chapter 11 automatic stay while reserving the r... (more story)

Non-Atty Advice To Debtors Is Unprotected, 2nd Circ. Told

New York urged the Second Circuit on Wednesday to find that stopping a nonprofit focused on bankruptcy education and the South Bronx pastor it's working with from advising low-income debtors represents a conte... (more story)

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)