News

Several major creditor groups in the Takata Chapter 11 took issue Wednesday with the debtor’s bid to spend $12 million on its Mexican affiliates to prepare the proposed $1.6 billion sale at the center of the case they already see as problematic read more

Members of a family trust sued by the Madoff trustee alleged in a federal suit filed Wednesday in New York that their attorney swindled them and other clients by representing Madoff victims with competing interests and lying about the trustee's w read more

The Office of the U.S. Trustee objected Wednesday to every nearly every facet of bankrupt diamond cutter Exelco North America's plan for a Chapter 11 stalking horse sale in Delaware, citing inadequate disclosures and scant details on the current read more

The official committee of unsecured creditors in the Chapter 11 case of vehicle upholstery maker GST Autoleather Inc. received approval Wednesday in Delaware bankruptcy court to retain an investment banking firm, over the objections of the debtor&rsq read more

DLA Piper urged the Second Circuit on Tuesday to uphold the dismissal of a suit holding it liable for the services it provided to a Cayman Islands investment manager who supposedly siphoned more than $36 million from his own now-bankrupt company, say read more