In the United States, the number of lawyers whose firms have used litigation finance has quadrupled since 2013. Even so, too many remain poorly informed, leaving them at a competitive disadvantage and prone to oddly persistent “alternative facts” about ...read more
Data management company Violin Memory Inc. told the Delaware bankruptcy court Friday that it found a buyer during a three-day auction in New York that is willing to extend post-petition financing and sponsor a Chapter 11 plan. ...read more
Seidman & Pincus LLC has won a New York federal bankruptcy judge's approval to withdraw as counsel for “Real Housewives of New Jersey” stars Christopher and Jacqueline Laurita in a lawsuit against the couple after claiming they have ...read more
The first week of jury selection wrapped up on Friday for the second trial of two former top executives of Dewey & LeBoeuf LLP, who are charged with orchestrating a scheme to defraud the onetime megafirm’s lenders and investors out of tens of ...read more
Unsecured creditors of Maxus Energy Corp., whose bankruptcy filing halted a New Jersey trial over Passaic River remediation, tore into the debtor’s Chapter 11 plan on Friday, calling it “patently unconfirmable,” and arguing that soliciting ...read more
After an eventful 15 years in-house in the auto industry, Marjorie Loeb, who led Chrysler's legal department through its merger with Fiat, has weathered sweeping transformations and crises set against the backdrop of an industry in flux. Here, she ...read more
Victims of former Peregrine CEO Russell Wasendorf Sr.’s $100 million embezzlement scheme are suing the trustee for the defunct futures broker, asking an Illinois federal court for their money back even though the clock has run on the filing of reimbursement ...read more
The IMX Acquisition Corp. equity committee's attorneys denied accusations Friday that their proposed suit against key prebankruptcy lenders is an attempt to sabotage IMX's Chapter 11, and urged a judge to allow their case to head for a New York ...read more
The New Jersey Supreme Court has agreed to review a published appeals decision that anticipated legal fees constitute a valid security interest, a question that arose during a dispute about the creditor distribution priority of a bankrupt attorney’s assets ...read more
A New York bankruptcy judge on Thursday gave clean energy giant SunEdison Inc. the green light to sell its commercial and industrial business development line to a unit of Japanese conglomerate Mitsui & Co. in a private deal for $15 million. ...read more
Due to the dogged determination of a single creditor, the bankruptcy cases of two brothers, Theodosios and Harry Roussos, who hatched a scheme in 1994 to shield two extremely valuable properties from their creditors, was reopened recently. The case is ...read more
The Seventh Circuit on Thursday shot down a law firm's accusations that a deal between a bankruptcy software company and Rabobank NA that made a U.S. trustee use the bank's services amounted to an anticompetitive tying scheme, saying the premise ...read more
Energy Future Holdings Corp. told the Delaware bankruptcy court Thursday that it envisions a four-day Chapter 11 plan confirmation hearing in February as it steams toward the potential exit of its nearly four-year-old case, but the power giant still must ...read more
Lynn Tilton and her Patriarch Partners funds have asked a U.S. Securities and Exchange Commission administrative law judge not to take notice of a suit that claims she mismanaged funds and stole more than $1 billion from them, arguing the court cannot ...read more
Performance Sports Group Ltd. announced Thursday it will seek a Delaware bankruptcy judge’s approval to sell the company’s assets to a joint venture for $575 million, citing a lack of competing bids in accepting the stalking horse bid. ...read more
Bankrupt software developer ATopTech Inc. sought court approval Wednesday for a pair of employee incentive packages totaling $1.5 million aimed at keeping critical workers with the company as it pursues a sale of its assets through the Chapter 11 process ...read more
A Texas bankruptcy judge has given approval to a subsidiary of midwest utility Dynegy Inc. for a prepackaged Chapter 11 plan that allows the utility to swap out $825 million worth of bonds due in the next 15 years for cash, seven-year notes and shares ...read more
An Arkansas appeals court on Wednesday affirmed a lower court’s decision tossing medical malpractice litigation against Ozarks Community Hospital of Gravette Clinic and a doctor, holding that a couple lacked standing because their bankruptcy trustee ...read more
With so many possibilities and variables, it can be difficult to adhere to a strict graphics budget when preparing effective visuals for trial. There are several things you can do to limit the cost of your visuals without sacrificing quality, says Marti ...read more
Absent legislative action, some uncertainty remains post-Marblegate for issuers of registered debt as bondholders seeking to block an out-of-court restructuring may, in certain cases, continue to push for the broader reading of Section 316(b) in jurisdictions ...read more
The committee of equity holders of bankrupt bomb detection device maker Implant Sciences objected in Delaware Wednesday to the fee application of the company’s investment banker, saying the adviser failed to disclose a prior business relationship ...read more
A Kansas-based asbestos personal injury trust asked Delaware's Chancery Court to confirm the ouster of the organization's manager late Tuesday, saying the action was prompted by his alleged years of malfeasance, including "lavish," self ...read more
Standard General LP slapped the Travelers Indemnity Co. of Connecticut with a lawsuit in New York federal court Wednesday for coverage related to the hedge fund’s legal battle with Dov Charney, founder of the now-bankrupt American Apparel, saying ...read more
Overall U.S. bankruptcy filings in 2016 dropped to the lowest number in 10 years, according to court statistics released Wednesday. ...read more
An Illinois bankruptcy court erred in awarding a tax purchaser the deed to a bankrupt restaurant because the company’s tax lien on the property gave it a claim to a financial remedy, not a right to the deed, a federal judge has ruled. ...read more