Bankruptcy & Restructuring News & Analysis — Conductor
Bankruptcy Court Caps Landlord's $9.7 Million Claim Against 23andMe Despite Potential Solvency
Missouri bankruptcy court rules that statutory cap on landlord rejection damages applies to 23andMe's $9.7 million lease claim even if the genetic testing company proves solvent, confirming the debtor's Chapter 11 liquidation plan
Spirit Airlines Seeks Approval for $140 Million Engine Settlement in Second Bankruptcy
Spirit Airlines seeks bankruptcy court approval for a $140 million settlement with International Aero Engines to resolve disputes over problematic GTF engines in its second Chapter 11 filing within a year.
First Brands Seeks Court Approval for Reconciliation Procedures After Uncovering Billions in Factoring Fraud
First Brands Group seeks court approval for procedures to reconcile billions in factoring arrangements that left $250 million frozen and customers confused about payment obligations
SilverRock Development Proposes Liquidation Plan Following $65 Million Sale of La Quinta Resort Project
SilverRock Development Company and five affiliates filed a Chapter 11 liquidation plan proposing a litigation trust to wind down operations and distribute proceeds to creditors following the $65 million sale of their La Quinta resort project.
Florida Beauty Supply Holding Company Files for Bankruptcy to Address Over 700 Talc Lawsuits
The Stephan Co. filed for Chapter 11 bankruptcy in Florida to address over 700 talc lawsuits through a Section 524(g) trust funded by an insurance settlement with Fireman's Fund Insurance Company.