Bankruptcy & Restructuring News & Analysis — Conductor

The world's oldest latex balloon manufacturer, Continental American Corporation, has filed a liquidation plan in Kansas bankruptcy court after selling its multinational operations last year. The plan establishes a Liquidating Trust to pursue remaining legal claims and distribute proceeds to creditors, with a confirmation hearing scheduled for June 12, 2025

A bankruptcy trustee for Kelham Vineyard & Winery has proposed selling the remaining assets to family insiders for $1.2 million to resolve extensive litigation in this Napa Valley winery's bankruptcy case. The deal includes $400,000 cash plus claim releases, subject to a June auction where overbidders must start at $1.3 million with significant indemnification requirements

A bankruptcy trustee for Kelham Vineyard & Winery has proposed selling the remaining assets to family insiders for $1.2 million to resolve extensive litigation in this Napa Valley winery's bankruptcy case. The deal includes $400,000 cash plus claim releases, subject to a June auction where overbidders must start at $1.3 million with significant indemnification requirements

Future claimants' representative joins motion to reconsider Red River Talc bankruptcy dismissal, arguing bankruptcy remains the only viable path for compensation of 50,000+ future illness victims. The filing suggests Johnson & Johnson is willing to amend its plan to address court concerns

23andMe Holding Co. has filed a motion in U.S. Bankruptcy Court seeking to extend bankruptcy protections to Canada, where it faces class action lawsuits following a cybersecurity breach affecting 7 million customers. The genetic testing company is asking the court to authorize its Chief Restructuring Officer to represent it in Canadian proceedings to halt ongoing litigation there