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News & Analysis

Serta on Remand: A $261 Million (Plus Interest) Breach →

On remand from the Fifth Circuit, the bankruptcy court held that the participating lenders breached the credit agreement's pro rata sharing provision and awarded the excluded and LCM lenders $261.13...

A Public Detention Corporation Restructures Its Bond Debt in Chapter 11 →

Central Falls Detention Facility Corporation entered Chapter 11 with a signed restructuring support agreement and a plan that would eliminate more than $101 million of bond obligations while resolving years...

Pacifica of the Valley: A Safety-Net Hospital's Emergency Chapter 11 and a Contested Main Street Loan →

A Los Angeles County safety-net hospital entered Chapter 11 in Delaware with roughly $240,000 in unrestricted cash, four days before a Colorado court was scheduled to hear a receivership motion...

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