Rival Websites Fuel NY Archdiocese-Chubb Feud Over Abuse Payouts

For nearly three years, the two sides have battered each other with relentless legal filings in a New York court, and their war over who should pay at least hundreds of millions of dollars to sex abuse victims shows few signs of abating. Both accuse the other of an underhanded public relations campaign.

Prison Health Units Lose Bankruptcy Shield After Missed Payments

Insiders and affiliates of prison health-care company Tehum Care Services Inc. lost legal protections acquired through a court-approved bankruptcy plan after failing to make timely settlement payments to a creditor trust.

Nicklaus-Tied Family Office Wins Auction for Bankruptcy Assets

A family office tied to golf legend Jack Nicklaus’ son has won an auction for the brand and business assets of bankrupt golf services business Nicklaus Cos. with a $35.7 million offer.

ModivCare Challenges AlixPartners’ $5 Million Bankruptcy Fees

Medical transportation company ModivCare accused AlixPartners LLP of committing “gang billing” by exaggerating billable hours and overstaffing while advising a committee of unsecured creditors during the company’s bankruptcy proceedings.

Cumulus Media Blames Streaming, Nielsen for Fueling Bankruptcy

Broadcaster Cumulus Media Inc. filed bankruptcy to implement a lender-backed debt-cutting deal as it faces a steady decline in radio listeners and a court fight with ratings firm Nielsen Co.

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

Latest Stories

Brightline Florida Cut Deeper Into Junk on Restructuring Risk

Thinning reserves and negative cash flows will likely lead Brightline Trains Florida LLC to restructure its debt within the next six months, according to S&P analysts who downgraded the struggling private rail line deeper into junk territory this week.

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