Behind Prison Health Co. Wellpath's Ch. 11
Wellpath Holdings Inc., one of the largest companies that provide healthcare services to incarcerated individuals in the U.S., recently hit Chapter 11 in Texas with more than $1 billion in debt, saying it was dragged down by rising costs, lawsuits brought by its patients and a heavy debt load despite raking in $2 billion in revenue in 2023.
Meet The Attorneys Directing The US Arm Of Stoli's Ch. 11
A group of Foley & Lardner LLP attorneys is leading the Chapter 11 case for the U.S. arm of vodka giant Stoli Group, which filed for bankruptcy citing liabilities of $50 million to $100 million after the company faced asset seizure by the Russian government and cyberattacks during the summer.
A Zoom In On Film Finances Inc.'s Ch. 11
If the credits roll on film production services company Film Finances Inc., which filed for bankruptcy in November, the company says the chief culprit is not COVID-19 or a protracted strike by Hollywood actors and writers, but rather its owner that withheld the cash it needed to stay afloat.
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The Commonwealth of Pennsylvania has until Monday, Dec. 9, to secure additional funding to cover a hospital's operating losses as it seeks to negotiate a sale from bankrupt hospital operator Steward Healthcare... (more story)
The Chapter 11 trustee overseeing Chinese exile Miles Guo's bankruptcy in Connecticut says Boies Schiller Flexner LLP should not be allowed to move a nearly $654,000 clawback action from bankruptcy court to di... (more story)
An investment company on Wednesday found itself before the Fifth Circuit having to justify paying $7.7 million for allegedly undelivered services from an affiliate, as it appeals a $2.6 million bill it got hit... (more story)
The lead Connecticut attorney in Infowars host Alex Jones' Sandy Hook defamation trial should be suspended for 30 days for directing a subordinate to transmit the victims' personal medical records to other Jon... (more story)
A Delaware bankruptcy judge on Wednesday said he would approve a settlement between Avon Products Inc. and Brazilian parent company Natura that clears the way for the beleaguered cosmetics giant to sell itself... (more story)
Brazilian cement supplier InterCement has filed a petition for judicial reorganization in that country's bankruptcy court after more than a year of restructuring efforts and a July Chapter 15 filing in New York.
The Third Circuit is set to determine if BetMGM online casino should face a lawsuit claiming it violated New Jersey consumer protection and gambling laws for allegedly enticing a man with a gambling problem to play its games.
A New York bankruptcy judge approved a Long Island-based Roman Catholic diocese's Chapter 11 plan on Wednesday after hearing it had resolved objections from the U.S. Trustee's Office with a two-tier claims rel... (more story)
A Delaware federal judge on Tuesday said he wouldn't reverse an order allowing defunct crypto platform FTX Trading Ltd. to keep customer names out of public bankruptcy filings, rejecting an appeal from major n... (more story)
A New York federal judge has sent the question of whether Morgan Stanley can assert late claims in the Chapter 11 case of the former parent of Silicon Valley Bank back to the bankruptcy court, saying the court... (more story)
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A Texas bankruptcy judge Wednesday signed off on a timeline to confirm the prepackaged debt-for-equity Chapter 11 plan of oil and gas contractor Independence Contract Drilling, saying he'd save ruling on conce... (more story)
Electric-vehicle technology company Ideanomics Inc. leads a new crop of Chapter 11 cases that hit the Delaware docket over several hours late Tuesday and early Wednesday, joined by debtors in the entertainment... (more story)
A German property owner has said in a new complaint that a Michigan-based automotive seat manufacturer is on the hook for a €4.1 million ($4.3 million at current exchange rates) lease after its European entity... (more story)
The Senate on Tuesday confirmed two federal judges for Pennsylvania and one for the District of Columbia, who came under scrutiny during her confirmation hearing for her work at Jones Day.
A law firm debtor urged a Florida bankruptcy court Tuesday to approve a $645,000 settlement in its Chapter 11 to resolve a proposed fraudulent misrepresentation class action in state court against a former Mia... (more story)
A Texas bankruptcy judge said Tuesday he would allow the U.S. arm of vodka giant Stoli Group to use cash collateral to fund its Chapter 11 case on an interim basis after the debtor reached an agreement on repo... (more story)
The lead attorney in Infowars host Alex Jones' $1.44 billion Connecticut defamation trial admits he "made a mistake" when he approved sending several Sandy Hook Elementary School victims' confidential records ... (more story)
A Delaware bankruptcy judge gave Film Finance Inc., a company that offers financing for high-profile film projects, the go-ahead Tuesday to put itself on the auction block early next year after dropping protec... (more story)
Drugmaker Nostrum Laboratories told a New Jersey bankruptcy judge Tuesday that close to 30 parties are weighing bids for the company's assets, with the debtor planning to choose a stalking horse bidder in the coming weeks.
Oil and gas drilling services provider Independence Contract Drilling has filed for Chapter 11 protection in a Texas bankruptcy court with more than $230 million in debt and a prepackaged debt-swap restructuring plan.