Lugano Diamonds Sues Travelers Insurance to Pay Defense Fees

Bankrupt Lugano Diamonds & Jewelry Inc. sued insurer Travelers Casualty and Surety Co. over its refusal to fully cover legal costs from nearly 20 lawsuits and an investigation by the US Securities and Exchange Commission.

STG Logistics Lender Group Sues Over Pre-Bankruptcy Debt Deal

A group of STG Logistics’ minority lenders sued the transportation company in bankruptcy court, saying a liability management exercise conducted in 2024 was invalid.

Nikola Founder Loses 9th Cir. Appeal to Vacate Arbitration Award

The US Court of Appeals for the Ninth Circuit affirmed a $167 million arbitration award against founder Trevor Milton in favor of bankrupt Nikola Corp. related to a US Securities and Exchange Commission fine.

Posigen Approved for Bankruptcy Funding, Asset Sale to Lenders

Posigen PBC advanced its efforts to wind down in bankruptcy, winning court approval of a $43.9 million loan facility and a global settlement with creditors that includes a sale of assets to Brookfield Asset Management and other lenders.

Credit Market’s Reality Check Follows Decade of Loose Lending

The risks of more than a decade of loose lending came into clear view on Sept. 28.

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

Latest Stories

Apollo, BlackRock, Oaktree Ask Judge to Toss Altice Lawsuit

Lenders to Altice USA Inc., including Apollo Capital Management, BlackRock Financial Management and Oaktree Capital Management, asked a federal judge to dismiss a lawsuit accusing them of colluding to shut the company out of the US credit market.

TPG Hit With $1 Billion Fraud Suit Over Exactech Bankruptcy

TPG Inc. forced medical implant maker Exactech Inc. into a bankruptcy restructuring as part of a wide-ranging scheme to dodge billions in liability through fraudulent transfers among shell entities, according to a lawsuit unsealed Friday.

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