Mid Cap

  • October 04, 2024

    Private Utility Blasts Pa. City's Ch. 9 Plan As Asset Grab

    Private utility entity Aqua Pennsylvania asked a Pennsylvania bankruptcy judge to reject the City of Chester's proposed Chapter 9 plan, saying the city is trying to "commandeer" water and sewer assets in which Aqua has an interest.

  • October 04, 2024

    MLB's Storied History Runs Through The Bankruptcy Court

    With the value of professional sports teams skyrocketing over the last decade, it's hard to imagine a Major League Baseball club having to file for bankruptcy. But it's happened at least five times since 1970 for a variety of reasons, and the teams that have taken advantage of the bankruptcy courts have charted much different paths post-insolvency.

  • October 04, 2024

    EB-5 Partner Accuses NC Atty Of Aiding Investor Coup

    A company created to protect an investment project supporting green card applications for Chinese nationals accused a North Carolina attorney in state court of helping shareholders try to place the company into receivership and take control of a $30 million fund.

  • October 04, 2024

    Ex-Judge Jones Says Judicial Acts Bar Atty Romance Claims

    Former bankruptcy judge David R. Jones said judicial immunity bars claims over his undisclosed romantic relationship with a former Jackson Walker LLP attorney because the purported harm to the onetime head of a now-shuttered barge company stemmed from official acts.

  • October 04, 2024

    Ex-Skadden Partner Leaves Retirement, Joins AY Strauss

    Commercial real estate boutique A.Y. Strauss announced Thursday that it had hired a former Skadden Arps Slate Meagher & Flom LLP litigator who is returning to the legal field after retiring in 2020.

  • October 03, 2024

    Biden Admin's Latest Debt Relief Plan Blocked In Missouri

    A Missouri federal judge Thursday blocked the Biden administration's latest student debt relief proposal, finding that the six Republican-led states leading the challenge will likely show the plan is unlawful, just a day after a Georgia federal judge knocked the Peach State out and punted the case to St. Louis.

  • October 03, 2024

    Bankruptcy Doesn't Pause Tipster's Case, Tax Court Says

    A tax tipster's bankruptcy filing doesn't pause his U.S. Tax Court case challenging the Internal Revenue Service's denial of his request for a whistleblower award, the Tax Court ruled Thursday, saying the award case doesn't concern his tax liability.

  • October 03, 2024

    2 Years After Crypto Collapse, Silvergate Seeks Coda In Ch. 11

    Cryptocurrency-focused bank Silvergate's parent company recently filed for Chapter 11 protection, roughly two years since it weathered a crypto market crash, avoiding a failure and seeking to wind down its operations on its own terms.

  • October 03, 2024

    Allred Feud With Ex-Tenant Over 'Large Rodent' Puzzles Judge

    Gloria Allred's long-running dispute with a former tenant — who said he fled rats in her Manhattan apartment eight years ago — spilled into New York federal court Monday, leaving the judge to wonder aloud why the celebrity attorney was still suing the man over a $25,000 claim as he sought bankruptcy protection.

  • October 03, 2024

    Sham Law Firm Employee Gets 5 Years For Foreclosure Fraud

    A Virginia man was sentenced to five years in prison and hit with a $159,000 fine for what a D.C. federal judge called Thursday the "horrendous" crime of using a Manassas law firm to defraud homeowners facing foreclosure.

  • October 03, 2024

    Giuliani's Fla. Condo Is Not Off Limits, Ga. Poll Workers Say

    Two Georgia women who Rudy Giuliani accused of committing ballot fraud in the 2020 presidential election say his $3.5 million Florida condominium should be sold to help cover their $148 million defamation win against him, arguing he never established a "homestead" there before they brought a lien.

  • October 03, 2024

    Dental Laser Co. Can Tap $5M DIP For Swift Ch. 11 Sale Plans

    Biolase Inc., which makes laser systems used by dentists, received a Delaware bankruptcy judge's approval Thursday to access $1.4 million of an up to $5 million debtor-in-possession package as it plans for a quick sale in Chapter 11.

  • October 03, 2024

    Climate Data Co. BAWT Loses Bid For Rapid Ch. 11 Exit

    BAWT Enterprises LLC, the parent company of climate-data firm Athenium Analytics, on Thursday failed to persuade a Delaware bankruptcy judge to let it seek confirmation of a Chapter 11 restructuring just 15 days after opening its case, with a dissenting creditor's protests gumming up the speedy exit plan.

  • October 03, 2024

    Ch. 7 Invalidates $4M Worker Retention Credit Suit, Gov't Says

    A road construction company can't sue the Internal Revenue Service for a tax refund for pandemic-era worker credits because its claims stemmed from Chapter 7 bankruptcy proceedings, the federal government told a Florida federal court.

  • October 02, 2024

    Giuliani Asks DC Circ. To Ax Poll Workers' $148M Judgment

    Rudy Giuliani urged the D.C. Circuit Wednesday to throw out the $148 million damages awarded to two Georgia poll workers the former New York City mayor falsely accused of committing ballot fraud during the 2020 presidential election, saying they didn't establish he published the misinformation with actual malice.

  • October 02, 2024

    Meet The Attys Handling Burlington Diocese Ch. 11 In Vermont

    A team of Fredrikson & Byron PA attorneys and an experienced bankruptcy lawyer based in Vermont are guiding the Roman Catholic Diocese of Burlington, Vermont, through its Chapter 11 case in the state, as the church seeks to deal with sexual abuse claims.

  • October 02, 2024

    A Look At Grocery Co. Takeoff's Ch. 11 Winddown Plan

    After five months in Chapter 11, grocery automation firm Takeoff Technologies has proposed a restructuring plan that incorporates a $37 million global settlement and an asset sale strategy that would allow certain lenders to credit-bid on the company's assets with proceeds going to fund the company's winddown.

  • October 02, 2024

    Dental Laser Maker Biolase Hits Ch. 11 With $33M In Debt

    Biolase, a manufacturer of lasers used in dental procedures, is seeking bankruptcy protection in Delaware, and has disclosed roughly $33 million in debt and a $14 million stalking horse offer for its assets, citing financial challenges that it said stemmed from slow market adoption of new technology and economic headwinds.

  • October 02, 2024

    Quinn Emanuel Can't Ignore Past Oro Negro Ties, Oil Co. Says

    Oro Negro Drilling Pte. Ltd. said former counsel Quinn Emanuel Urquhart & Sullivan LLP must produce confidential information in a discovery bid to disqualify its attorneys in Mexican proceedings.

  • October 02, 2024

    Conn. Receiver Gains Access To Apt. Co-Op's BofA Accounts

    Bank of America agreed to provide a court-appointed receiver with access to a distressed housing cooperative's bank accounts Wednesday amid efforts by the municipalities of Bridgeport and Stratford, Connecticut, to obtain a court order.

  • October 02, 2024

    Fort Worth Senior Home Hits Ch. 11 With Prepackaged Plan

    The owner of a Fort Worth, Texas, retirement home filed for Chapter 11 with a prepackaged plan that would refinance its $112 million of municipal bond obligations.

  • October 01, 2024

    Fla. Judge Sends 2 Live Crew Rights Dispute To Jury

    A Florida federal judge has trimmed trademark and copyright infringement claims from a suit by music label Lil' Joe Records against members of the hip-hop group 2 Live Crew but said he would send the issue of whether the termination of the label's rights to the songs was effective to a jury next week.

  • October 01, 2024

    Vermont Diocese Files Bankruptcy, Facing Sex-Abuse Claims

    The Roman Catholic Diocese of Burlington, Vermont, has become the latest U.S. Catholic diocese to file for Chapter 11 protection due to sexual abuse claims, saying it is the fairest way to deal with legal claims it is facing after a state statute of limitations was removed.

  • October 01, 2024

    Bitcoin DIP Loans Spark Intrigue For Bankruptcy Lawyers

    The Chapter 11 case of bitcoin miner Rhodium included a rarely seen option to take out a debtor-in-possession loan denominated in digital currency, a development that has left lawyers divided over whether the novel approach could provide much-needed flexibility or an unacceptable level of risk for future bankrupt borrowers.

  • October 01, 2024

    Most TA Dispatch Claims Fall In Chancery Celadon Suit

    Alabama trucking and transport management company TA Dispatch LLC saw three of its four claims tossed Tuesday from its Delaware Court of Chancery suit seeking millions in damages from directors and officers of a transport and logistics company that went bankrupt shortly after selling TA Dispatch severely hobbled assets.

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