Securities and Exchange Commission (SEC), Bankruptcy Court, Commercial Bankruptcy

23andMe’s Court-Supervised Restructuring: Navigating Turbulent Financial Waters

HaystackID on 3/26/2025

On March 23, 2025, 23andMe, a pioneer in the field of genetic testing and consumer healthcare, announced it had filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Missouri. The objective...more

Third Circuit Follows Fifth and Ninth Circuits on Treatment of Make-Whole Claims in Bankruptcy

Proskauer Rose LLP on 9/19/2024

In a much-anticipated decision, the United States Court of Appeals for the Third Circuit recently held that unsecured noteholders’ claims against a debtor for certain “Applicable Premiums” were the “economic equivalent” to...more

Getting Public Information in Chapter 11

Herbert Smith Freehills Kramer on 12/14/2023

Companies in Chapter 11 must publicly report substantial financial information — indeed, more information should be reported or available publicly in Chapter 11 than outside of Chapter 11. This paper analyzes what information...more

The Learned Concierge - November 2023, Vol. 2

Clark Hill PLC on 11/13/2023

The Learned Concierge Welcome to your monthly legal insights on the trends impacting the Retail, Hospitality, and Food & Beverage Industries....more

Crypto Company FTX Files Massive Bankruptcy in Delaware

Patterson Belknap Webb & Tyler LLP on 11/22/2022

Another domino has fallen. Earlier this year, we wrote about the challenges facing the crypto industry that resulted in the bankruptcy filings of Three Arrows Capital, Celsius Network, and Voyager Digital. We noted that...more

Recovery by ICO Token Investors May Be Challenged in Bankruptcy

Carlton Fields on 8/12/2020

Bankruptcy courts may provide relief to debtors by discharging pre-petition obligations to repay existing debts owed to creditors, and claims by equity holders. Creditors who hold debt and investors who hold equity interests,...more