News & Analysis
Deep Dive into the LIV Golf Bankruptcy: On the Green or Stuck in the Rough? →
After five seasons and roughly $5 billion of equity from its sole sponsor, the league filed with a BC Partners restructuring support agreement, a $49.6 million PIF DIP and a...
When the Lender Is the Shareholder: A San Diego Court Builds a Section 364(c) Framework and Picks California's Fairness Standard Over Delaware's →
Finding little Ninth Circuit authority on point, the court adopted a four-factor test, held that heightened scrutiny displaces the business judgment factor for insider financing, and looked to the debtor's...
A Blocked Vendor Code: Noble Supply Asks Delaware to Compel the Defense Logistics Agency, and the Government Answers With Setoff →
Eleven days after filing, a defense logistics supplier found its payment code blocked by its largest customer. The resulting fight produced two competing proposed orders and no agreement on what...