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A Texas federal judge said Monday that Proskauer Rose LLP was "frivolous” to appeal a $1.5 billion clawback suit by the receiver for the $7 billion Stanford Ponzi scheme, confirming trial for next week as scheduled but nevertheless carving read more

Women’s shoe and apparel company Nine West Holdings Inc. has submitted a Chapter 11 plan that aims to chop $900 million from the debtors’ $1.6 billion in prepetition debt through a proposed $200 million sale of its eponymous shoe line and read more

A New York bankruptcy judge estimated SAE Power Inc.'s misappropriation of trade secrets claim against bankrupt Avaya Inc. over a power supply design at just $1.21 million on Monday, after SAE had insisted that it and two other claims were worth read more

The producers of a film about the 2008 terror attacks on Mumbai, India, defended their attempt to remove the movie from a list of assets being sold by The Weinstein Co. through its Chapter 11 case, saying the debtor needs to address questions of owne read more

FirstEnergy Corp. announced Monday that it has reached a settlement agreement with two groups of “key creditors” in the Chapter 11 cases for its bankrupt power-generating subsidiaries that would fully release the parent company from bankr read more