News

A Minnesota federal judge on Thursday affirmed a bankruptcy court's recommendation to dismiss a suit against JPMorgan Chase & Co. by a hedge fund alleging the bank aided businessman Thomas Petters’ $3.7 billion Ponzi scheme, finding the read more

Crane Heyman Simon Welch & Clar fought back Wednesday against allegations by the trustee for bankrupt World Marketing LLC that the law firm failed to adequately advise the company on layoffs, arguing that the claims had already been litigated in read more

Mired in $2.8 billion of funded debt and reeling from depressed oil and gas prices and ongoing shareholder litigation, exploration and production company Cobalt International Energy Inc. filed for Chapter 11 bankruptcy in Texas on Thursday with the e read more

Milbank Tweed Hadley & McCloy LLP filed a compensation application Thursday in Delaware, saying it had incurred $5.8 million in fees and expenses for its work in representing the official committee of unsecured creditors in the Chapter 11 case of read more

One-time leading meat and barbecue distributor Rupari Food Services Inc. secured confirmation of its Chapter 11 plan in Delaware Bankruptcy Court Thursday, acknowledging that its cupboard was mostly bare and unsecured creditors had little prospect of read more