Bankruptcy & Restructuring News & Analysis

The 2-1 decision in Bestwall LLC v. The Official Committee of Asbestos Claimants upholds a bankruptcy court's denial of a motion to dismiss the Chapter 11 case of Bestwall LLC, a company created through a "Texas two-step" divisional merger designed to isolate Georgia-Pacific's asbestos liabilities

RunItOneTime LLC, a casino operator with properties across Washington, Nevada, and Colorado, has filed for Chapter 11 bankruptcy protection and is now seeking court approval for procedures to sell its gaming assets. The company's proposed bidding process divides assets into three segments with an auction scheduled for September 19, while addressing potential conflicts with a former executive who intends to bid on certain properties

At Home Group Inc. has filed its proposed disclosure statement outlining a restructuring plan that would eliminate $1.62 billion in debt as the home décor retailer progresses through its Chapter 11 bankruptcy process that began in June

A bankruptcy judge has ruled in favor of Rite Aid in its multi-million dollar contract dispute with CVS Pharmacy over prescription data calculations. The decision by Judge Michael Kaplan of the New Jersey bankruptcy court hinged on the interpretation of two key provisions in asset purchase agreements, with the judge finding that CVS had previously accepted Rite Aid's calculation methodology without objection

LifeScan Global Corporation, maker of OneTouch diabetes monitoring products, has filed Chapter 11 with a prepackaged plan to eliminate $1.4 billion in debt. The company aims to reshape its capital structure and position itself to enter the continuous glucose monitoring market after struggling with the industry-wide shift away from traditional blood glucose monitoring technology