/bankruptcy-authority/large-cap?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Authority Large Cap Copyright 2025 ÃÛÌÒÊÓƵ. en-US Fri, 16 May 2025 23:41:28 +0000 /bankruptcy-authority/large-cap/articles/2341386?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341386 Hospital chain Steward Health Care was in a Texas bankruptcy court Friday in a fight with Massachusetts and Florida healthcare providers over more than $34 million Steward claims is part of its bankruptcy estate. Fri, 16 May 2025 23:17:28 +0000 /bankruptcy-authority/large-cap/articles/2341374?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341374 Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into the "Gold Card" visa program, the hospitality sector's reaction to tariffs, and the path from in-house attorney to private practice.  Fri, 16 May 2025 23:02:24 +0000 /bankruptcy-authority/large-cap/articles/2340980?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340980 In the coming week, Delaware bankruptcy judges will hear arguments on asset sales by educational technology company Epic Creations Inc. and retailer Dormify, as well as a Chapter 11 plan by pharmaceutical services company Azzur Group and a disclosure statement by satellite company Ligado Networks. Fri, 16 May 2025 18:28:16 +0000 /bankruptcy-authority/large-cap/articles/2341360?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341360 Brazilian airline Gol Linhas on Friday announced it overshot its goal of finding buyers for all $1.9 billion in exit financing notes it will issue under its proposed Chapter 11 plan, causing it to trim back the interest rate and reduce the commitment it got in a creditor deal earlier this month. Fri, 16 May 2025 18:24:58 +0000 /bankruptcy-authority/large-cap/articles/2341368?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341368 The Office of the U.S. Trustee has appointed a nine-member committee of unsecured creditors in the Chapter 11 case of retail pharmacy Rite Aid, including the federal entity tasked with protecting pension plans as well as a Pennsylvania pharmaceutical company. Fri, 16 May 2025 17:16:00 +0000 /bankruptcy-authority/large-cap/articles/2341251?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341251 Prosecutors urged a Virginia federal judge Thursday to sentence a disbarred, former senior McKinsey & Co. partner to one year in prison for obstructing an investigation into the consulting giant's work with opioid-manufacturer Purdue Pharma, while defense counsel pushed for probation so that he can return to his home in Thailand. Fri, 16 May 2025 16:59:47 +0000 /bankruptcy-authority/large-cap/articles/2341291?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341291 Rite Aid Corp. has entered into sale and transition agreements subject to approval from a New Jersey bankruptcy judge that would see pharmacy assets and services transition to new operators, according to an announcement from the company. Fri, 16 May 2025 15:41:28 +0000 /bankruptcy-authority/large-cap/articles/2341204?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341204 Jackson Walker LLP wants out of a fee suit brought by former client J.C. Penney, arguing that the bankrupt department store's wind-down debtors entered claims as a "leverage play and a money grab" after learning that a firm partner had engaged in a yearslong undisclosed relationship with a Texas bankruptcy judge. Fri, 16 May 2025 15:18:29 +0000 /bankruptcy-authority/large-cap/articles/2341453?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2341453 WeightWatchers hopes to make a quick trip through Chapter 11 as it restructures more than $1 billion in debt, in part by giving equity holders a 9% stake in the reorganized business that would otherwise go to creditors, a somewhat rare recovery for shareholders of bankrupt companies. Fri, 16 May 2025 14:33:33 +0000 /bankruptcy-authority/large-cap/articles/2340990?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340990 Milbank LLP has hired Colleen Roh Sinzdak, a former assistant to the U.S. solicitor general, as a partner in the firm's Washington, D.C., office. Fri, 16 May 2025 11:22:21 +0000 /bankruptcy-authority/large-cap/articles/2339525?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2339525 A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies. Thu, 15 May 2025 20:09:40 +0000 /bankruptcy-authority/large-cap/articles/2340624?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340624 Warner Bros. asked a Delaware bankruptcy judge in Village Roadshow's Chapter 11 case to allow arbitration over profits tied to "The Matrix" films to continue. Rap artist Curtis "50 Cent" Jackson III asked to reopen his Connecticut bankruptcy, saying his confirmed Chapter 11 plan discharged a personal injury claim filed against him in New York. And the Second Circuit deployed the chief bankruptcy judge of the Eastern District of New York to help mediate adversary proceedings in Chinese exile Miles Guo's Chapter 11 case. Thu, 15 May 2025 18:39:12 +0000 /bankruptcy-authority/large-cap/articles/2340859?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340859 Troutman Pepper Locke LLP on Thursday announced it has hired Christopher J. Fernandez from K&L Gates LLP as a partner in its bankruptcy and restructuring practice group in Charlotte, North Carolina. Thu, 15 May 2025 18:21:29 +0000 /bankruptcy-authority/large-cap/articles/2340557?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340557 A New York bankruptcy judge Thursday said international shipping group Eletson Holdings can collect legal fees for its long-running fight against former board members and that he would consider new sanctions against parties Eletson says are interfering with its Chapter 11 plan. Thu, 15 May 2025 17:43:35 +0000 /bankruptcy-authority/large-cap/articles/2340837?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340837 Failed cryptocurrency lender Genesis Global has asked a New York bankruptcy judge to throw out investment bank Jefferies' request for an order forcing the wind-down debtor to take back money it paid Jefferies and instead reimburse it in bitcoin, arguing it's too late for the bank to amend a claim that was filed "solely in dollars." Thu, 15 May 2025 17:30:38 +0000 /bankruptcy-authority/large-cap/articles/2340040?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340040 Former wholesale food distributor Harvest Sherwood Food Distributors Inc. has tapped a team of lawyers from Sidley Austin LLP to see it through a Chapter 11 process the debtor plans to use to wind down its perishable products business and sell its assets. Thu, 15 May 2025 17:02:00 +0000 /bankruptcy-authority/large-cap/articles/2315231?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2315231 Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors. Thu, 15 May 2025 16:36:09 +0000 /bankruptcy-authority/large-cap/articles/2340674?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340674 Whiteford Taylor & Preston LLP has added a Montgomery McCracken Walker & Rhoads LLP bankruptcy attorney in Delaware to bolster its capacity to handle Chapter 11 and other bankruptcy proceedings. Thu, 15 May 2025 14:24:27 +0000 /bankruptcy-authority/large-cap/articles/2340369?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340369 Delaware law firm Richards Layton & Finger PA this week unveiled completed renovations to its 150,000-square-foot, multifloor office at One Rodney Square in Wilmington, where the firm's president said the revamped space is better suited to meet the needs of its staff and clients. Wed, 14 May 2025 20:56:12 +0000 /bankruptcy-authority/large-cap/articles/2340244?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/large-cap/articles/2340244 The Third Circuit's rejection of challenges to third-party releases in the Boy Scouts of America's Chapter 11 plan may appear at odds with the U.S. Supreme Court's Purdue decision last year, but the panel said the already enacted plan can't be undone even if it couldn't pass muster today, experts told Law360.