Bankruptcy & Restructuring News & Analysis — Conductor

Luminar Technologies filed a disclosure statement proposing liquidation through $143 million in asset sales to Quantum Computing and MicroVision, with First Lien Noteholders projected to recover 100% while equity holders receive nothing

Bitcoin mining company NFN8 Group and two subsidiaries filed Chapter 11 bankruptcy on February 2, 2026, seeking to conduct a court-supervised sale after a fire cut capacity in half and market disruption undermined the ability to service obligations to more than 250 equipment lessors

Nine Energy Service and affiliates filed prepackaged Chapter 11 cases on February 1, 2026, with support from 70%+ of Senior Secured Noteholders to equitize $319.5 million in notes and deleverage the company's balance sheet through a 31-day restructuring process

Multi-Color Corporation, a global label manufacturer with $5.9 billion in debt, filed for Chapter 11 bankruptcy with a prepackaged plan that will eliminate $3.9 billion in debt while leaving general unsecured creditors unimpaired

Bankruptcy court denies Teamsters Local 117's challenge to $28 million gaming asset sale, ruling courts have authority to approve sales free and clear of successor liability claims under Section 363(f) of the Bankruptcy Code