News

The final cooperator in the Manhattan district attorney's criminal case against former executives at the once prominent law firm of Dewey & LeBoeuf LLP was sentenced to unconditional release on Friday, presumably ending the saga that absorbed read more

Breitburn Energy Partners LP initiated efforts Thursday to confirm a Chapter 11 plan that shareholders say undervalues its assets by more than $2 billion, as company executives testified that the proposed scheme, which hands the enterprise over to gr read more

A Delaware Chancery judge declined Thursday to dispatch most of a lawsuit from a group of insurance companies seeking to audit an asbestos personal injury trust, from the bankruptcy of a U.S. unit of Koninklijke Philips Electronics NV, ruling that he read more

An agreement by several lenders to pay $160 million to the trust for bankrupt builder Tousa Inc. to settle claims they owed $270 million was approved by a Florida bankruptcy judge Thursday. read more

The Chapter 11 confirmation of shoe retailer Aerogroup International Inc. was delayed Thursday in Delaware court as debtor attorneys asked for more time to reach agreement with two parties objecting to the company’s plan of reorganization. read more