News

The Puerto Rican financial oversight board on Tuesday said it will launch an independent probe into the source of more than $6 billion in cash the bankrupt island’s government is reportedly holding in several bank accounts. read more

Woodchip and wood pellet producer Rentech Inc. filed for Chapter 11 protection on Monday in a Delaware bankruptcy court, saying it’s selling off its U.S. subsidiaries after an attempt to open new Canadian production facilities ended poorly. read more

Bankrupt health supplement retailer Vitamin World Inc. told a Delaware judge late Monday that its stalking horse bidder was the only entity to make a qualified offer before the debtor’s bid deadline, making its $28 million minimum offer the suc read more

Several private equity firms are vying for a South Korean pharmaceutical company, China's Feihe International is set to buy bankrupt Vitamin World, and Time Warner is selling Central European Media Enterprises in a deal said to be worth roughly $2 b read more

Every seasoned litigator has his or her fair share of courtroom stories. In this series, attorneys recount experiences that are out of the ordinary. read more