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The Chapter 11 disclosure statement for bankrupt vehicle safety equipment maker Takata received court approval Wednesday in Delaware after a judge considered more than two dozen requests for modifications made by creditors, tort plaintiffs and the fe read more

Hedge fund Aurelius Capital Management on Tuesday reasserted its claims that the federal board representing Puerto Rico in its financial restructuring cases was unconstitutionally appointed, saying there is no exception in the U.S. Constitution's read more

Katten Muchin Rosenman LLP has hired a distressed debt pro from Richards Kibbe & Orbe LLP to head up its distressed debt and claims trading practice, the firm announced Wednesday. read more

The founder and ex-CEO of scandal-plagued medical screening company Health Diagnostic Laboratory Inc. has hit LeClairRyan with a whopping $2.6 billion malpractice suit in Virginia court, alleging the law firm’s bad advice led directly to the ki read more

A New York bankruptcy judge signed an order Tuesday approving a settlement between Toisa Ltd. and Hyundai Heavy Industries Co. that resolves a shipbuilding dispute and adds $42.5 million to the shipping company's bankrupt estate, which is looking read more