/bankruptcy-authority/mid-cap?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Authority Mid Cap Copyright 2025 ÃÛÌÒÊÓƵ. en-US Wed, 21 May 2025 20:13:13 +0000 /bankruptcy-authority/mid-cap/articles/2343474?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2343474 An Illinois federal judge on Tuesday grudgingly declined to issue an injunction to stop an arbitrator from dragging insurance broker Arthur J. Gallagher & Co. into arbitration stemming from the bankruptcy of Cooks Venture, a startup that specialized in the production and processing of pasture-raised, slow-growth chickens. Wed, 21 May 2025 18:38:36 +0000 /bankruptcy-authority/mid-cap/articles/2343487?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2343487 A Delaware bankruptcy judge Wednesday agreed to approve bankrupt vegan restaurant chain Planta's bid to access $1.75 million of its $3.5 million debtor-in-possession financing package, saying it needs funding to continue its efforts toward a sale. Wed, 21 May 2025 18:36:52 +0000 /bankruptcy-authority/mid-cap/articles/2342978?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342978 In its recent holding in a Chapter 7 bankruptcy case that marshaling may not be applied against the IRS, a Texas federal court misapplied a bankruptcy code section and case law, leaving a draconian decision that could limit the scope of a powerful equitable estate tool, says Brian Shaw at Cozen O'Connor. Wed, 21 May 2025 18:23:10 +0000 /bankruptcy-authority/mid-cap/articles/2343295?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2343295 The South Carolina Supreme Court on Wednesday unanimously upheld a trial court's decision to appoint a receiver over a Canadian company's insurance assets as part of discovery sanctions in an asbestos injury lawsuit, despite the company's contention it possesses no property in the state. Wed, 21 May 2025 15:52:29 +0000 /bankruptcy-authority/mid-cap/articles/2342627?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342627 Sheppard Mullin Richter & Hampton LLP has brought on a former Alston & Bird LLP partner in its Dallas office and a former Dechert LLP partner in its San Francisco office, strengthening the firm's finance and bankruptcy practice and business trial practice. Wed, 21 May 2025 15:29:57 +0000 /bankruptcy-authority/mid-cap/articles/2342802?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342802 A Connecticut bankruptcy judge will review under seal a woman's $20 million New York injury suit against recording artist 50 Cent during an agreed-upon pause in the state court proceeding, helping her decide whether the rapper can use his Chapter 11 case to torpedo the woman's claims. Wed, 21 May 2025 14:11:48 +0000 /bankruptcy-authority/mid-cap/articles/2342967?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342967 Sysorex Government Services Inc., a government information technology contractor, has tapped attorneys from Cullen and Dykman LLP to steer it through the Chapter 11 it began with over $30 million in debt, wracked by uncertainty over potential cuts from the White House's Department of Government Efficiency, a six-figure judgment and a long sale process. Wed, 21 May 2025 10:30:43 +0000 /bankruptcy-authority/mid-cap/articles/2341554?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2341554 Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt. Tue, 20 May 2025 22:37:51 +0000 /bankruptcy-authority/mid-cap/articles/2342399?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342399 Genesis Global Capital, a crypto lender that filed for bankruptcy in 2023, is now suing its parent company in bankruptcy court, seeking to recover more than $1.2 billion that the lender says was transferred to insiders while the company was insolvent and headed for Chapter 11. Tue, 20 May 2025 19:42:47 +0000 /bankruptcy-authority/mid-cap/articles/2342592?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342592 A Delaware bankruptcy judge on Tuesday sustained an objection to insider releases in the Chapter 11 liquidation plan of Azzur Group, finding the pharmaceutical services company had not justified the releases for prepetition conduct of current and former officers, directors, and equity holders. Tue, 20 May 2025 18:34:41 +0000 /bankruptcy-authority/mid-cap/articles/2342641?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342641 Two Canadian companies, one a geothermal energy business and another that recycles batteries, sought Chapter 15 protection in the U.S. A biotechnology research company filed for Chapter 11 protection in Ohio after failing to generate enough revenue to maintain its capital-intensive operations. And a not-for-profit New York City private school launched a Chapter 11 case as it faces closure. Tue, 20 May 2025 18:02:15 +0000 /bankruptcy-authority/mid-cap/articles/2342590?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342590 A group of companies owned by a real estate investor jailed last month for his role in a scheme defrauding Fannie Mae has filed for bankruptcy protection in New Jersey on a portfolio carrying at least $100 million in both assets and debt, ahead of a sheriff's sale in New York set for Tuesday. Tue, 20 May 2025 16:55:44 +0000 /bankruptcy-authority/mid-cap/articles/2342405?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342405 Two years after his debt relief law firm collapsed amid allegations he stole approximately $250 million from clients and investors, disbarred California attorney Tony Diab recently began telling a court-appointed bankruptcy trustee everything he did — and where the money went. The trustee has used this information to file dozens of lawsuits. But can Diab be trusted? Tue, 20 May 2025 16:36:28 +0000 /bankruptcy-authority/mid-cap/articles/2342719?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342719 Biotechnology company Accelerate faced regulatory challenges and weakened demand from hospitals for its diagnostics products before it filed for bankruptcy protection this month, and is now planning to sell its assets and wind down the business. Tue, 20 May 2025 15:01:48 +0000 /bankruptcy-authority/mid-cap/articles/2342583?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342583 The companies behind two Pittsburgh-area nursing homes convicted of falsifying staffing records were ordered Tuesday to pay a total of $15.35 million in restitution to the federal government, though the corporations' attorney told the judge that they had already received a "corporate death penalty" for their conviction. Mon, 19 May 2025 20:55:04 +0000 /bankruptcy-authority/mid-cap/articles/2342102?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342102 The Portland, Oregon-based distiller of Westward Whiskey was driven to bankruptcy by flagging demand for booze following the COVID-19 pandemic, according to its bankruptcy filings, but the liquor producer says it is not last call for the business. Mon, 19 May 2025 19:18:51 +0000 /bankruptcy-authority/mid-cap/articles/2342319?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342319 The proposed sale procedures for Heritage Coal, a bankrupt mining operation, received approval Monday from a Delaware bankruptcy judge, who overruled objections from the company's previous owners to certain deadlines. Mon, 19 May 2025 18:24:40 +0000 /bankruptcy-authority/mid-cap/articles/2342231?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342231 Sustainability-focused financial services firm Aspiration Partners told a Delaware bankruptcy judge on Monday that it resolved creditors' objections to its nearly $20 million in Chapter 11 financing by excluding litigation claims from an asset auction slated for next week. Mon, 19 May 2025 18:08:25 +0000 /bankruptcy-authority/mid-cap/articles/2342064?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342064 Contracted biotechnology research company AmplifyBio filed for Chapter 11 protection late Friday in Ohio bankruptcy court listing about $60 million in debt, saying it intends to sell its assets after failing to realize sufficient revenue to support its capital-intensive operations. Mon, 19 May 2025 17:43:05 +0000 /bankruptcy-authority/mid-cap/articles/2342057?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342057 Rite Aid Corp. announced proposed deals to hand off pharmacy assets to operators including CVS and Walgreens in its Chapter 11. Defunct trucking company Yellow Corp. obtained bankruptcy court permission to sell for about $14 million. Forever 21 said it is likely to liquidate and hasn't found a buyer, then got the OK to take votes on its Chapter 11 plan.