https://www.law360.com/bankruptcy?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Copyright 2025 Portfolio Media, Inc. en-US Thu, 01 May 2025 22:29:10 +0000 https://www.law360.com/bankruptcy/articles/2333089?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333089 A defunct advertising app that alleged Google's decision to boot it from the Google Play Store harmed market competition for digital advertising asked the Ninth Circuit to reinstate its claims, arguing Wednesday the lower court wrongly concluded that eliminating a "nascent competitor" in a large market didn't rise to antitrust injury. Thu, 01 May 2025 19:25:02 +0000 https://www.law360.com/bankruptcy/articles/2333037?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333037 Wells Fargo has urged the U.S. Supreme Court to reject Hertz's appeal of a Third Circuit ruling that the car rental giant owes $272 million in make-whole payments and interest to noteholders following a Chapter 11 case it launched in 2020. Thu, 01 May 2025 17:50:08 +0000 https://www.law360.com/bankruptcy/articles/2333074?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333074 A Johnson & Johnson talc unit has asked a New Jersey federal court to reinstate its libel suit over a scientific article linking talcum powder to mesothelioma, arguing that newly discovered evidence shows statements in the article are false. Thu, 01 May 2025 17:05:23 +0000 https://www.law360.com/bankruptcy/articles/2333095?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333095 Balkan Express, a transportation company based in Fort Worth, Texas, has launched a bankruptcy case with debt exceeding $25 million. Thu, 01 May 2025 16:37:59 +0000 https://www.law360.com/bankruptcy/articles/2332413?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332413 Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley. Thu, 01 May 2025 16:26:00 +0000 https://www.law360.com/bankruptcy/articles/2331854?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2331854 A Texas bankruptcy court recently rejected Johnson & Johnson's third attempt to use Chapter 11 to resolve liabilities from allegations of injuries from using talcum powder, suggesting that the U.S. Supreme Court's limitations on nondebtor releases, from 2024's Purdue Pharma ruling, may prove difficult to evade, say attorneys at Cadwalader. Thu, 01 May 2025 16:14:37 +0000 https://www.law360.com/bankruptcy/articles/2333012?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333012 The legal malpractice suit in which gene sequencing company GenapSys Inc. argued Paul Hastings LLP caused GenapSys' bankruptcy appears to have been settled. Thu, 01 May 2025 15:30:10 +0000 https://www.law360.com/bankruptcy/articles/2333051?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2333051 Brazilian budget airline Gol Linhas announced Thursday it struck a deal in which a group of its noteholders agreed to reverse its opposition to the company's restructuring proposal and supply an additional $125 million in financing when the debtor exits Chapter 11. Thu, 01 May 2025 11:09:56 +0000 https://www.law360.com/bankruptcy/articles/2332969?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332969 Digital River Marketing Solutions Inc., an e-commerce services firm based in Minnesota, filed for Chapter 7 on Thursday, citing approximately $45.2 million in secured debt and less than $50,000 in assets. Thu, 01 May 2025 10:21:44 +0000 https://www.law360.com/bankruptcy/articles/2305667?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2305667 Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins. Wed, 30 Apr 2025 20:52:52 +0000 https://www.law360.com/bankruptcy/articles/2332305?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332305 A Texas bankruptcy judge said Wednesday he will confirm prison healthcare company Wellpath's Chapter 11 plan over objections after the debtor achieved a global settlement and agreed to additional changes, saying he was convinced the plan offered the best outcome. Wed, 30 Apr 2025 20:52:11 +0000 https://www.law360.com/bankruptcy/articles/2332397?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332397 Bankruptcy Code provisions that allow creditors who make substantial contributions to be reimbursed for costs don't cover Prospect Medical's pre-Chapter 11 investment banker, a Texas bankruptcy judge said Wednesday, rejecting a finance firm's bid for a $5 million sale fee. Wed, 30 Apr 2025 19:54:42 +0000 https://www.law360.com/bankruptcy/articles/2332376?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332376 A Delaware bankruptcy judge has approved a $30 million sale of some of the assets of radio frequency filter maker Akoustis Technologies to a SpaceX subsidiary after the debtor reached an agreement with a competitor that had concerns about trade secrets possibly being sold. Wed, 30 Apr 2025 18:48:47 +0000 https://www.law360.com/bankruptcy/articles/2332697?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332697 Lloyd's of London underwriters and the Roman Catholic Diocese of Rockville Centre agreed to end a dispute over the payment of defense expenses related to sexual abuse claims against the diocese, according to a New York federal court filing entered Wednesday, months after the Catholic organization confirmed a Chapter 11 bankruptcy plan.  Wed, 30 Apr 2025 16:48:32 +0000 https://www.law360.com/bankruptcy/articles/2332516?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332516 Two insurers were correct to deny coverage for a former Pittsburgh-area McDonald's franchisee in a lawsuit accusing it of failing to stop a supervisor from sexually harassing and assaulting underage employees, since the litigation that sent it into bankruptcy fell under exceptions to the insurance policies, a Third Circuit panel ruled Wednesday. Wed, 30 Apr 2025 16:46:35 +0000 https://www.law360.com/bankruptcy/articles/2331942?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2331942 A Texas appellate court revoked its prior ruling and backed a lower court ruling that allowed an attorney acting as a receiver in one suit to take over as counsel in another suit for a company belonging to real estate investor Nate Paul, permanently dismiss its claims and counterclaims, and reach a settlement. Wed, 30 Apr 2025 12:49:18 +0000 https://www.law360.com/bankruptcy/articles/2329525?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2329525 Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond. Tue, 29 Apr 2025 21:41:08 +0000 https://www.law360.com/bankruptcy/articles/2331976?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2331976 In a just-under-the-wire move, the FTX bankruptcy recovery trust has sought a seventh extension for a mid-2023 ruling by the U.S. Bankruptcy Court for the District of Delaware allowing confidential treatment of its 9 million customers' information, citing the data's continued value to the estate. Tue, 29 Apr 2025 20:49:50 +0000 https://www.law360.com/bankruptcy/articles/2332007?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2332007 The Fourth Circuit upheld on Tuesday the Chapter 11 bankruptcy plan for Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc., which have faced a raft of asbestos injury claims, agreeing with lower courts that the plan was reached in good faith despite one insurer's objections. Tue, 29 Apr 2025 19:20:32 +0000 https://www.law360.com/bankruptcy/articles/2331828?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/bankruptcy/articles/2331828 A Missouri bankruptcy judge on Tuesday signed off on a consumer privacy watchdog for 23andMe's Chapter 11 after the genetic testing group and 30 states agreed that a statutorily authorized ombudsman would be the best way to vet a Chapter 11 sale that includes 15 million users' DNA information.