Bankruptcy & Restructuring News & Analysis — Conductor

A Los Angeles County safety-net hospital entered Chapter 11 in Delaware with roughly $240,000 in unrestricted cash, four days before a Colorado court was scheduled to hear a receivership motion tied to a Main Street Loan whose assignment that same court had just declined to validate on summary judgment

In an issue of first impression, the Second Circuit holds that a comprehensive, self-executing blocker defeats a short-swing profit claim, even where the anchor investor cleared more than $300 million trading in and out of a company on the eve of its bankruptcy

A regulatory directive to sell wireless spectrum split a single enterprise into two restructurings running in parallel: a self-funding prepackaged plan for the Pay-TV business, and a Section 363 wind-down for the stranded 5G network

The Ninth Circuit Bankruptcy Appellate Panel holds, as a matter of first impression, that California's automatic-dissociation statutes are preempted ipso facto clauses, and that voting a debtor general partner out of a partnership postpetition violates the automatic stay.

A managed IT services business enters Chapter 11 to shed roughly $1 billion of funded debt through a pre-negotiated plan, while a sale process runs alongside it