/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 ¼«ËÙÈü³µ. en-US Mon, 16 Jun 2025 21:31:25 +0000 /bankruptcy/articles/2353960?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 18:41:50 +0000 /bankruptcy/articles/2353819?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2353819 A Delaware bankruptcy judge on Monday approved the Chapter 11 debt-equity-swap reorganization of New Hampshire power plant operator Burgess BioPower. Mon, 16 Jun 2025 17:35:20 +0000 /bankruptcy/articles/2353692?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 12:58:44 +0000 /bankruptcy/articles/2353695?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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/articles/2353683?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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/articles/2352554?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 20:54:41 +0000 /bankruptcy/articles/2353469?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2353469 With a winning bid of $305 million, a nonprofit controlled by 23andMe founder Anne Wojcicki beat out Regeneron Pharmaceuticals to purchase the bankrupt company's assets, 23andMe announced Friday. Fri, 13 Jun 2025 17:27:18 +0000 /bankruptcy/articles/2353261?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 17:04:46 +0000 /bankruptcy/articles/2353210?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2353210 Engineering firm ENGlobal Corp. on Friday confirmed a Chapter 11 plan to wind down following the sale of its business just over three months after it filed for bankruptcy in Texas. Fri, 13 Jun 2025 16:14:53 +0000 /bankruptcy/articles/2353379?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 15:07:01 +0000 /bankruptcy/articles/2353316?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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 10:07:18 +0000 /bankruptcy/articles/2329140?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2329140 Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy. Thu, 12 Jun 2025 20:47:31 +0000 /bankruptcy/articles/2352827?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352827 A Florida doctor and emergency room companies serving departments in Texas, Florida and Oklahoma have sued multiple entities in Delaware's Court of Chancery allegedly involved in an elaborate private equity-tied scheme to duck bans on the corporate practice of medicine. Thu, 12 Jun 2025 20:47:15 +0000 /bankruptcy/articles/2352695?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352695 The privacy expert probing 23andMe's proposed sale of customers' genetic data in bankruptcy told a Missouri federal judge Wednesday that he couldn't determine the deal wouldn't violate state privacy laws and recommended the company be required to obtain consent from its customers before handing over the data. Thu, 12 Jun 2025 19:35:20 +0000 /bankruptcy/articles/2352787?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352787 An unsecured-creditor committee has asked a Connecticut federal bankruptcy judge to sanction a successor to an entity that lent $57 million to the bankrupt real estate and building companies behind a luxury Newtown apartment complex, saying the successor hasn't provided details about the mortgage or several reserves earmarked within it. Thu, 12 Jun 2025 19:17:10 +0000 /bankruptcy/articles/2352815?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352815 The Third Circuit said Thursday that it will reconsider whether to reopen Congoleum Corp.'s 2003 Chapter 11 bankruptcy so the bankruptcy court, not a district court, can say whether Congoleum affiliate Bath Iron Works should share liability for cleaning up a polluted New Jersey river. Thu, 12 Jun 2025 18:26:49 +0000 /bankruptcy/articles/2352863?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352863 Contour Spa LLC, a Florida-based chain of fat-burning med spas, filed for Chapter 11 protection after a rapid expansion and a sprawling and decentralized operational system led to financial challenges that ate into revenues. Thu, 12 Jun 2025 17:13:39 +0000 /bankruptcy/articles/2352266?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352266 A committee of retired city employees sued the Chapter 9 receiver overseeing the city of Chester, Pennsylvania's municipal bankruptcy, arguing that by requiring water system assets be sold to a publicly owned entity, the receiver is forgoing private bids that could generate an extra $270 million for the city's creditors.  Thu, 12 Jun 2025 17:03:12 +0000 /bankruptcy/articles/2350652?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/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. Thu, 12 Jun 2025 16:43:01 +0000 /bankruptcy/articles/2352566?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy/articles/2352566 Still seeking to represent prebankruptcy owners of international shipping company Eletson Holdings Inc., Reed Smith LLP has asked the Second Circuit to stay a bankruptcy proceeding and a district court action, arguing the reorganized Eletson, now allegedly under common control with a former adversary, has launched a "calculated effort" to seize the company's privileged client information.