News

Bankrupt mobile broadband provider Limitless Mobile LLC received court approval of its third amended Chapter 11 plan Tuesday in Delaware, just hours after receiving last-minute government approval for a critical settlement agreement that paved the wa read more

A former Diamond McCarthy LLP partner has joined Barnes & Thornburg LLP in Los Angeles, bringing his experience representing receivers appointed in cases brought by federal agencies, including a $67 million debt relief scheme suit brought by the read more

Bankrupt diamond cutter Exelco North America on Tuesday asked the Delaware bankruptcy court to scrap a scheduled short-fuse sale hearing, saying it had found a $6 million stalking horse bidder. read more

While debtors have attempted to invoke the new-value exception in the multidebtor context, doing so raises a number of questions, and there is a surprising dearth of case law addressing how the exception should be applied in multidebtor bankruptcies, read more

A Chicago federal judge on Monday rejected a request by FBOP Corp., the owner of several failed banks, and a trustee to dismiss the Pension Benefit Guaranty Corp.’s effort to recover $30 million from a tax refund that the PBGC said was supposed read more