Apollo Global Management and other investment firms left out of Serta Simmons Bedding LLC’s controversial 2020 debt exchange filed suit in New York state court to corral various hedge funds into bankruptcy court litigation.
Luxury retailer
Forgen LLC sued US Magnesium in bankruptcy court to recover at least $3.7 million in payments from a construction lien the company says it held over a Utah property.
US prosecutors dropped a $300 million fraud indictment against a former executive at
Spirit Aviation Holdings Inc. received pushback from the Justice Department’s bankruptcy watchdog and several labor unions over its proposal to pay executive bonuses, create a $500,000 “slush fund,” and provide legal shields for insiders.
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.
Sports games ought to be primarily shown on free, over-the-air TV channels rather than on subscription-based streaming platforms, the head of the National Association of Broadcasters plans to tell members of Congress in a hearing about the rising costs to consumers.
Management and some creditors of
Yellow Corp.'s outstanding bankruptcy dispute over determining multiemployer pension fund withdrawal liability claims is on track to be resolved through litigation, but won’t stretch on until the end of the year.
Herbert Smith Freehills Kramer is setting its sights on Texas as part of the transatlantic law firm’s plan to double its US revenue to $1 billion in the next five years.
A patient care ombudsman filed a report warning about the “devastating impact” to local residents from the potential closure of one of Alabama’s largest healthcare institutions.
Bankrupt auto-parts maker
Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new study by Columbia Business School researchers.
UK Prime Minister
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