Pro bull riding league files objection of Dr. Phil’s media bankruptcy saying it is owed $181 million | The Independent -
The Professional Bull Riders—the largest bull-riding league in the world, which had pulled out of a...more
7/28/2025
/ Athletes ,
Bankruptcy Court ,
Breach of Contract ,
Chapter 11 ,
Commercial Bankruptcy ,
Debt ,
Entertainment Industry ,
Litigation Strategies ,
Mergers ,
Sports ,
The GENIUS Act
Maverick Gaming, which owns 5 Nevada casinos, files for bankruptcy | The Nevada Independent -
The Washington-based casino and card-room operator filed for Chapter 11 bankruptcy in the Southern District of Texas on Monday....more
Del Monte Foods files for bankruptcy and will search for buyer | CBSNews -
Del Monte Foods, a nearly 140-year-old staple in canned produce, has filed for Chapter 11 bankruptcy and is seeking a buyer as part of a...more
Regeneron declines to make higher bid for 23andMe after Wojcicki's $305 million offer | Reuters -
23andMe founder Anne Wojcicki’s bid, submitted through a nonprofit she controls, remains unchallenged, setting her up to...more
Sunnova files for bankruptcy on residential solar woes | Reuters -
On Sunday, June 12, the residential solar panel installer announced that it had filed for Chapter 11 bankruptcy, making it the second company of its kind...more
Implant maker Exactech may conclude bankruptcy without TPG settlement | Reuters -
Medical implant maker Exactech adjourned its Chapter 11 plan confirmation hearing on Wednesday, delaying proceedings that would have...more
Li-Cycle files for bankruptcy, seeks protection for facilities in Greece | WXXI News -
Li-Cycle filed a chapter 15 in the Southern District of New York on Wednesday to support its Canadian CCAA proceeding. The...more
Weight Watchers files bankruptcy after growth in GLP-1 drugs | Bloomberg
via Yahoo! Finance -
Having rebranded as WW International in 2018 and acquired Sequence, a telehealth company, in 2023, the 62-year-old health and...more
Imerys Halts Ch. 11 Trial Over Foreign Claimant Issues | Law360 -
Imerys Talc America and Cyprus Mines announced unexpectedly Monday that they wanted to halt plan confirmation proceedings....more
Rite Aid bankruptcy update: report says pharmacy chain may be facing insolvency as businesses close | Fast Company -
Having previously filed for bankruptcy in 2023, Rite Aid is now preparing to file a second bankruptcy...more
4/28/2025
/ Acquisitions ,
CFIUS ,
Chapter 11 ,
Commercial Bankruptcy ,
Data Privacy ,
Genetic Testing ,
Insolvency ,
Liquidation ,
National Security ,
Personal Data ,
Privacy Concerns
Publishers Clearing House files for bankruptcy | Law360 -
Publishers Clearing House filed for Chapter 11 bankruptcy and plans to reorganize its capital structure and improve its long-term growth trajectory....more
23andMe files for bankruptcy, Anne Wojcicki steps down as CEO | CNBC -
Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection in Missouri federal court. Anne Wojcicki, co-founder and CEO, has resigned...more
3/31/2025
/ Agribusiness ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Data Breach ,
Debtors ,
Debtors-in-Possession ,
Genetic Testing ,
Personally Identifiable Information ,
Special Purpose Acquisition Companies (SPACs) ,
Technology Sector ,
Unsecured Debt
Purdue Pharma files new bankruptcy plan for $7.4 billion opioid settlement | CNN -
Purdue Pharma filed another chapter 11 reorganization plan aiming to implement $7.4 billion in opioid settlements....more
Spirit Airlines recently emerged from Chapter 11 bankruptcy and announced it plans to rebrand itself as a premium airline. S&K Take: The Spirit case was obviously a significant undertaking, and the plan was confirmed by Judge...more
Dolan’s MSG Networks nears bankruptcy as cord-cutting surges | Front Office Sports -
MSG Networks, the Dolan-controlled regional sports networks, face imminent bankruptcy because of $804 million in debt that is currently...more
3/10/2025
/ Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debt Restructuring ,
Debtors ,
Healthcare ,
Insurance Industry ,
Johnson & Johnson ,
Reorganizations ,
Sports
Purdue's new Ch. 11 plan sidesteps nonconsensual releases | Law360 -
Mediators in the Purdue Pharma bankruptcy case reported that the revised settlement no longer includes nonconsensual third-party releases....more
3/3/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Creditors ,
Debtors ,
Insolvency ,
Liquidation ,
Mediation ,
Settlement ,
Settlement Agreements
Forever 21 plans nearly 200 store closures in second bankruptcy, Bloomberg News reports | Reuters -
The U.S.-based operator of clothing retail chain Forever 21 is planning to shut down at least 200 additional locations as...more
2/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Class Action ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Cryptocurrency ,
Debt Restructuring ,
Johnson & Johnson ,
Liquidation ,
Settlement
Spirit Airlines rejects Frontier's bid, aims to exit bankruptcy in first quarter | Reuters -
On Wednesday, low-cost carrier Spirit Airlines denied a bid of about $2.16 billion from rival Frontier Group as it was not...more
2/3/2025
/ Acquisitions ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Chapter 7 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Mergers ,
WARN Act
Purdue Pharma and owners to pay $7.4 billion in settlement of lawsuits over the toll of OxyContin -
On Thursday, Purdue Pharma and members of the Sackler family who own the company agreed to pay up to $7.4 billion to...more
1/27/2025
/ Bankruptcy Court ,
Commercial Bankruptcy ,
Consent ,
Corporate Governance ,
Corporate Misconduct ,
Creditors ,
Debtors ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FDIC ,
Fiduciary Duty ,
Gross Negligence ,
Opioid ,
Settlement
On December 31, 2024, the Fifth Circuit Court of Appeals overturned the Bankruptcy Court for the Southern District of Texas’ (the “Bankruptcy Court”) decision that the exchange by certain lenders of Serta Simmons Bedding, LLC...more
1/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Credit Agreements ,
Creditors ,
Debt Restructuring ,
Debtors ,
Lenders ,
Loans ,
Reorganizations ,
Reversal
Purdue's Sackler family offers to increase contribution in new opioid settlement, WSJ reports | Reuters -
The Sackler family, owners of Purdue Pharma, is offering to increase their contribution to the opioid lawsuit...more
1/20/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debt Restructuring ,
Debtors ,
Liquidation ,
Mediation ,
Settlement ,
Stays
5th Circuit rejects Serta Simmons' controversial 2020 debt deal | Reuters -
The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a controversial 2020...more
US Trustee Wants To Pump Brakes On Spirit Airlines Ch. 11 | Law360 -
The U.S. Trustee has objected to Spirit Airlines' rapid bankruptcy proceedings, arguing that the case is too complex for a rushed timeline. The trustee...more
Vodka maker Stoli Group USA files for chapter 11 bankruptcy | CBS News -
Stoli Group’s US-based distributor unit filed for bankruptcy protection this week in the Northern District of Texas....more
Intrum files for bankruptcy in US to restructure $4.5 billion debt pile | Reuters -
Europe’s largest debt collector Intrum filed for Chapter 11 bankruptcy in the U.S. to restructure its debt after struggling with the...more