Bankruptcy Law News

Red Lobster Cleared to Exit Bankruptcy Under New Owner Fortress

Red Lobster Management won court approval to leave bankruptcy under new ownership led by Fortress Investment Group, giving the iconic seafood chain a chance at revival after filing Chapter 11 about three months ago.

US Trustee Seeks Deposition of Ethics Experts in Judge Scandal

Legal ethics experts hired by a law firm at the center of a judicial ethics scandal should be deposed over their advice about a partner’s romantic relationship with a judge, the Justice Department’s bankruptcy monitor said.

Eiger Biopharmaceuticals Cleared by Judge to Exit Bankruptcy

Eiger Biopharmaceuticals Inc. won court approval Thursday of its restructuring plan after late-night negotiations on the eve of a key hearing cleared multiple objections to the plan.

Judge Extends Litigation Stay in Puerto Rico Utility Bankruptcy

The judge overseeing the bankruptcy for Puerto Rico’s government-owned electric utility continued a pause on litigation related to the case as the power provider and its creditors negotiate a possible debt-cutting deal.

Yellow Can Depose Teamsters President in Mass Layoff Fight

Yellow Corp. won bankruptcy court permission to depose the president of the International Brotherhood of Teamsters as the former trucking giant looks to build up defenses against claims over its mass layoff of workers last year.

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.

Latest Stories

Delta, Other Airline Loyalty Programs Are Being Probed by US

The rewards programs of the four largest US air carriers — Delta Air Lines Inc., American Airlines Group Inc., United Airlines Holdings Inc. and Southwest Airlines Co. — are being probed by the US Department of Transportation, the agency announced Thursday.

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