Bankruptcy & Restructuring News & Analysis — Conductor

A federal judge reversed ConvergeOne Holdings' bankruptcy plan confirmation, ruling that exclusive investment opportunities for select creditors violated equal treatment requirements under bankruptcy law. The decision establishes important precedent for creditor equality rights and market testing requirements in reorganization cases

A Nevada bankruptcy judge reversed a prior ruling limiting California's tax priority claims in the DC Solar case, potentially blocking distributions from the $90 million estate to creditors who have waited six years. The court allowed California's $35.4 million priority claim to proceed without the previously imposed three-year limitation

TPI Composites, a wind energy supplier to GE Vernova and Vestas, seeks bankruptcy court approval for asset sales while continuing active customer negotiations. The company is pursuing a dual-track strategy to maintain flexibility, with an October 22 bid deadline and November 5 sale hearing

Merit Street Media Inc. reached a three-way bankruptcy settlement that resolves contested litigation and establishes a $10-17 million recovery pool for unsecured creditors. The agreement between the Fort Worth media company, major lender Peteski Productions, and the creditors committee sets up an expedited asset sale timeline with auction scheduled for October 2025

Three subsidiaries of Wyoming natural gas company US Realm Powder River filed for Chapter 11 bankruptcy protection to facilitate a pending asset sale to Pronghorn Resources. The filings represent an unusual corporate restructuring strategy for the company, which has been in bankruptcy since 2019 and operates 6,800 coal-bed methane wells in the Powder River Basin