Bankruptcy

Bankrupt Hospitals Sue Insurers in Hunt for Creditor Recoveries

A wave of hospital bankruptcies has brought in its wake high-stakes lawsuits aiming to boost creditor payouts by targeting health insurers over allegedly systemic claim denials.

QVC Channel Files Bankruptcy to Cut $5 Billion of Debt

Television shopping network QVC Group filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership and a shift to online retail weighed on sales and squeezed margins.

Baltimore Archdiocese Insurer, Claimants Reach $100 Million Deal

A committee representing clergy sex abuse claimants in the Archdiocese of Baltimore’s bankruptcy case announced that it reached a $100 million settlement with the Catholic institution’s largest insurer, the Hartford.

Eddie Bauer Store Operator Nets Approval for Bankruptcy Plan

The fallen retail operator of clothing brand Eddie Bauer secured approval of its liquidating plan 60 days after filing for bankruptcy.

CD&R-Backed Multi-Color Wins Approval of Debt Restructuring

Private equity backed Multi-Color Corp won court approval for a restructuring plan that cuts nearly $4 billion in debt, clearing the way for the label maker to exit Chapter 11 after striking a deal with a dissenting lender group.

Practitioner Insights

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Texas Two-Step Spat Revival Deserves Supreme Court’s Attention

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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

Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge

How Four Judges Kept Romance Allegations Quiet for Two Years

Bankruptcy Judge Tasked With Scandal Cleanup of ‘Adopted Son’

Bankruptcy Rules for Disclosing Relationships: Explained

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

American Airlines Says It’s Not Interested in United Merger

American Airlines Group Inc. said it’s not engaged with or interested in any discussions regarding a merger with rival United Airlines Holdings Inc., dampening the prospect of a tie-up that could reshape the industry.

By Sri Taylor

SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares

Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.

Genesis Healthcare Investors Fight Suit to Cancel Secured Debts

Entities controlled by Genesis Healthcare insiders urged a Texas bankruptcy court to dismiss a lawsuit challenging $96 million in secured loan claims they hold against the nursing home operator, disputing misconduct allegations.

Silver Point, SVP Poised to Own Stakes in QVC After Bankruptcy

Silver Point Capital and Strategic Value Partners recently acquired a substantial amount of QVC Inc. bank debt, a company lawyer said Friday, indicating the firms are poised to own sizeable stakes in the television shopping network after it restructures in Chapter 11.