Bankruptcy & Restructuring News & Analysis
Bankruptcy Court Blocks Texas from Using Pre-2009 GM Conduct in Data Privacy Lawsuit
Chief Judge Martin Glenn held that Texas's attempt to use Old GM's historical conduct to calculate civil penalties against New GM constitutes impermissible successor liability barred by the 2009 Sale Order
Miami Waterfront Hotel Heads to Proposed International Sotheby's Auction in Bankruptcy Case
A Miami bankruptcy court is considering approval of an international, no-reserve auction for real estate operating as a hotel at 340 Biscayne Boulevard
New York Nursing Home Files Liquidation Plan Offering Just 2% to General Creditors After Tumultuous Sale Process
The plan, which narrowly avoided facility closure after union negotiations broke down, proposes that personal injury claimants recover solely from insurance
Bankruptcy Court Rejects Trustee's Bid to Force Payment to Former Hospital Manager Amid $55 Million Lawsuit
A federal bankruptcy judge denied a liquidation trustee's motion to force Mercy Hospital's former manager MercyOne to accept payment of a disputed $31,524.63 claim, ruling the unilateral payment attempt violated plan terms and equal treatment requirements
Rite Aid Seeks Urgent Court Approval to Sell Preference Claims Before Deadline Expires
New Rite Aid entities are seeking emergency bankruptcy court approval to sell preference claims to a litigation trust before an October 15 statute of limitations deadline expires. The motion, filed just five days before the deadline, represents the latest development in Rite Aid's complex two-year bankruptcy saga involving multiple Chapter 11 proceedings