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A 32-day sale timeline proposed by bankrupt retail distributor Maurice Sporting Goods Inc. drew an objection from the U.S. trustee Thursday, who said the plan does not provide enough time for the assets to be marketed or for bidders to perform due di read more

The U.S. trustee on Thursday asked a California bankruptcy court to revoke the Chapter 11 status of hot yoga chain Bikram Choudhury Yoga Inc. for failure to file required financial information. read more

Gawker Media LLC can advance a probe into billionaire Peter Thiel’s funding of litigation that brought down the gossip news website, a New York bankruptcy judge said Thursday, while also denying Thiel’s bid to insert himself into Gawker&r read more

The Third Circuit on Thursday upheld two prior rulings freeing Skadden Arps Slate Meagher & Flom LLP from a lawsuit over an alleged conspiracy between the firm and the eventual buyer of bankrupt Radnor Holdings Corp., finding that the statute of read more

A bid by shareholders of bankrupt oil and gas exploration firm Paragon Offshore PLC to form an official equity committee sank for the second time Thursday when a Delaware federal judge said they were so far out of the money in the case that it was in read more