El Paso Diocese Enters Bankruptcy to Address Sex Abuse Suits
The Roman Catholic Diocese of El Paso, Texas filed for bankruptcy, driven by financial strain from litigation over allegations of decades-old clergy sex abuse.
Bankruptcy
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
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Jamie Kohen
JMK Leadership
Lystra Batchoo
Vox Media
Khara Kelsch
Apex Coaching
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
AMC Secures $425m Credit Facility to Refinance Odeon Notes
AMC Entertainment secured a commitment letter with Deutsche Bank for a $425 million senior secured credit facility to refinance its Odeon unit’s 12.75% notes due 2027.
Wall Street’s Safety Net Is Giving Way as Iran War Hits Markets
The Iran war rattled but didn’t break Wall Street this week. Instead it exposed the limits of
Airlines in Bear Market as Oil Poses ‘Existential’ Threat
US airline stocks slipped into a bear market as Wall Street warns that the war in the Middle East threatens to dramatically squeeze profits by driving up fuel costs.
Oaktree Backs Biotech Fund Russian Billionaire Seeks to Shut
BlackRock $26 Billion Private Credit Fund Limits Withdrawals
Investors Fight Senior Living Developer’s Bankruptcy Financing
Inspired Healthcare Capital Holdings should be denied a request to fund its bankruptcy with a $35 million loan because the terms would encumber solvent senior living community projects, a group of project investors said.
Harvard Pushes $253 Million Claim in Biologics Company Bankruptcy
A Harvard governing board is defending its $252.9 million claim in the bankruptcy of biologics developer Alachua Government Services Inc., arguing that the company conducted transactions to evade lease obligations and defraud landlords.
New York Defeats Debt Counseling Group’s Free Speech Lawsuit
Legal tech firm Upsolve Inc. lost its fight against New York Attorney General Letitia James arguing the state’s rules against the unauthorized practice of law violated its First Amendment rights.
Brightline Florida Cut Deeper Into Junk on Restructuring Risk
Thinning reserves and negative cash flows will likely lead
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