Bankruptcy & Restructuring News & Analysis — Conductor

Connecticut bankruptcy court rejects Coral Capital's $1.1M early termination fee claim against ServiCom, ruling the pre-petition factoring agreement was never properly terminated despite the bankruptcy filing. The decision clarifies that contract rejection in bankruptcy constitutes a breach but not termination

LifeScan Global Corporation, the maker of OneTouch diabetes monitoring products, has filed Chapter 11 bankruptcy to eliminate $1.4 billion in debt as it struggles with market shifts toward continuous glucose monitoring technology. With 97% of secured creditors supporting its restructuring plan, the former Johnson & Johnson unit aims to emerge from bankruptcy by year-end with a healthier balance sheet and plans to enter the CGM market

A Delaware bankruptcy judge has ruled that cryptocurrency commingled in omnibus wallets by Prime Core Technologies belongs to the bankruptcy estate, despite arguments about blockchain traceability. The landmark decision allows the funds to be converted to dollars and distributed to creditors, potentially setting an important precedent for how digital assets are treated in future bankruptcy proceedings

Lion Ribbon Texas Corp. has filed a motion seeking approval for bidding procedures to sell four business segments while liquidating a fifth, as part of its Chapter 11 bankruptcy strategy. The company designs and manufactures consumer crafting and gifting products and aims to maximize value through the dual-track approach

After five years in bankruptcy, the Archdiocese of New Orleans has proposed a $210+ million settlement plan to compensate clergy abuse victims. The joint plan includes comprehensive monetary payments, litigation options against non-settling insurers, and enhanced child protection measures, with payments expected to begin in early 2026