Former Spirit Aviation Holdings Inc. employees lodged a proposed class action saying that the grounded discount airline improperly laid off thousands of workers without adequate warning—even as it pitched bonuses for three top executives.
White & Case LLP urged a court to hold ModivCare Inc. in contempt for allegedly failing to fund a fee escrow, escalating a dispute over unpaid compensation owed to estate professionals in the medical transportation company’s bankruptcy case.
Radio station owner
Bankrupt auto-parts maker
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.
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.
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.
A $10 billion private equity firm that made its name as a chemicals specialist has seen a wave of its holdings fall into distress amid a severe industry downturn, pushing the investor to adapt its strategy.
Fenwick & West LLP was sued Wednesday over its alleged role in the collapse of the FTX cryptocurrency exchange.
The Federal Reserve said Wednesday it will buy about $10 billion of Treasury bills this period, a further slowdown of a program meant to ease short-term funding costs by rebuilding reserves in the financial system.
Buffey Klein joined Blank Rome as a partner in its finance, restructuring, and bankruptcy group and the financial services industry team in Dallas, the firm announced Wednesday.
Omnicare LLC, a bankrupt unit of
US oil refiners are sending more jet fuel
Plastics maker
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