/bankruptcy-authority/large-cap?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Authority Large Cap Copyright 2025 ¼«ËÙÈü³µ. en-US Mon, 16 Jun 2025 21:31:25 +0000 /bankruptcy-authority/large-cap/articles/2353960?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353960 A California federal judge has rejected three bids to dismiss a proposed shareholder class action against Silicon Valley Bank's brass, underwriters and auditor stemming from the bank's 2023 failure, finding the plaintiffs' "well-pleaded" allegations can continue. Mon, 16 Jun 2025 18:17:21 +0000 /bankruptcy-authority/large-cap/articles/2353740?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353740 Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas. Mon, 16 Jun 2025 17:35:20 +0000 /bankruptcy-authority/large-cap/articles/2353692?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353692 Bankrupt fabric retailer Joann Inc. has asked a Delaware bankruptcy judge to block an Ohio state suit filed against seven top company officials by vendors who claim they were deceived into extending credit to the 80-year-old fabric retailer between its first and second retreat into Chapter 11. Mon, 16 Jun 2025 17:35:20 +0000 /bankruptcy-authority/large-cap/articles/2353778?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353778 A group of lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP is representing automotive parts manufacturer Marelli Corp., which supplies parts to Nissan, Volkswagen, BMW and Mercedes-Benz, in its bankruptcy case. Mon, 16 Jun 2025 16:44:44 +0000 /bankruptcy-authority/large-cap/articles/2353779?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353779 Philadelphia-based litigation support company Angeion Group, which provides legal administration and group litigation support services, announced Monday the hiring of two new executive vice presidents for its bankruptcy services division. Mon, 16 Jun 2025 12:58:44 +0000 /bankruptcy-authority/large-cap/articles/2353695?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353695 Attorneys general from 55 U.S. states and territories on Monday backed Purdue Pharma's $7.4 billion deal to settle opioid injury claims against the company and the Sackler family, almost a year after the U.S. Supreme Court threw out Purdue's previous plan to end litigation over its role in the opioid epidemic. Mon, 16 Jun 2025 11:21:46 +0000 /bankruptcy-authority/large-cap/articles/2353683?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353683 Household furnishing retail chain At Home Group Inc. filed for Chapter 11 protection Monday with just shy of $2 billion of debt, saying recent uncertainty over tariffs worsened its highly leveraged balance sheet and drove it into bankruptcy. Fri, 13 Jun 2025 21:08:03 +0000 /bankruptcy-authority/large-cap/articles/2352554?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352554 Catch up on this past week's key developments by state from ¼«ËÙÈü³µ Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why one BigLaw hospitality leader says hotels are "scared to death."  Fri, 13 Jun 2025 17:47:11 +0000 /bankruptcy-authority/large-cap/articles/2353315?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353315 The official committee of unsecured creditors for Steward Health Care told a Texas bankruptcy judge on Friday the company's Chapter 11 case should not be converted to a liquidation, claiming the proposed restructuring plan is the only way for them to obtain meaningful recoveries. Fri, 13 Jun 2025 17:27:18 +0000 /bankruptcy-authority/large-cap/articles/2353261?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353261 Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison. Fri, 13 Jun 2025 17:01:43 +0000 /bankruptcy-authority/large-cap/articles/2352977?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352977 Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation. Fri, 13 Jun 2025 16:30:29 +0000 /bankruptcy-authority/large-cap/articles/2352957?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352957 The U.S. Supreme Court issued six decisions this week, with the justices finding unanimity in four, including ones involving the threshold disabled students must meet in disability discrimination cases against public schools and another over whether the government can escape a Federal Tort Claims Act suit sparked by a mistaken FBI raid. Here, ¼«ËÙÈü³µ Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court. Fri, 13 Jun 2025 16:14:53 +0000 /bankruptcy-authority/large-cap/articles/2353379?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353379 The Third Circuit declined to hold a panel or full court rehearing of its May decision to uphold the Boy Scouts of America's Chapter 11 bankruptcy plan in a pair of Friday orders rejecting petitions by two sets of abuse survivors, with the orders implying some judges on the court had supported taking another look. Fri, 13 Jun 2025 15:46:11 +0000 /bankruptcy-authority/large-cap/articles/2352976?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352976 Failed life insurance-backed bond seller GWG Holdings Inc. won a Texas bankruptcy judge's approval Friday of four settlements totaling $91.3 million with parties including Mayer Brown LLP and the company's former directors, ending a slew of litigation nearly two years after the debtor confirmed a Chapter 11 plan. Fri, 13 Jun 2025 15:07:01 +0000 /bankruptcy-authority/large-cap/articles/2353316?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2353316 A former bankruptcy judge and Jackson Walker LLP have been hit with another lawsuit over the judge's secret romance with a former firm partner, this time a proposed class action from a group of bondholders of financial company GWG Holdings Inc. Fri, 13 Jun 2025 13:38:00 +0000 /bankruptcy-authority/large-cap/articles/2351798?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2351798 Everstream, a provider of fiber networks to businesses, has retained a team of lawyers from Weil Gotshal & Manges LLP to aid its journey through a bankruptcy it started with plans to conduct a Chapter 11 sale to a competitor. Thu, 12 Jun 2025 18:29:39 +0000 /bankruptcy-authority/large-cap/articles/2352572?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352572 Residential solar panel group Sunnova Energy received a Texas bankruptcy judge's interim approval Thursday for a debtor-in-possession loan and an asset sale, freeing up another $31 million to fund its Chapter 11 case. Thu, 12 Jun 2025 17:53:11 +0000 /bankruptcy-authority/large-cap/articles/2352813?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352813 A Pennsylvania coal company and creditors for an orthopedic implant maker are looking to end their respective Chapter 11 cases, the trustee for Bernie Madoff's investment firm has struck a deal with a feeder fund, and a movie production company wants permission to pay "key" employees to stay on board until the end of its own Chapter 11. Thu, 12 Jun 2025 17:49:43 +0000 /bankruptcy-authority/large-cap/articles/2352732?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2352732 A Delaware bankruptcy judge Thursday agreed to give interim permission for automotive parts manufacturer Marelli Corp. to draw on $519 million of its $2 billion debtor-in-possession financing, giving it runway for a likely debt-equity swap to hand over the company to its DIP lenders. Thu, 12 Jun 2025 17:03:12 +0000 /bankruptcy-authority/large-cap/articles/2350652?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2350652 Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.