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A Delaware bankruptcy judge gave Romano’s Macaroni Grill final approval Monday for its $5 million post-petition loan after hearing the debtor resolved issues unsecured creditors had with the loan and how it addressed operational costs, but the read more

Pacific Drilling SA on Sunday became the latest company in the offshore oil industry to seek bankruptcy protection, saying it needs to restructure approximately $3 billion in debt to ride out the sector’s current troubles. read more

Virgin Media Inc. has agreed to a confidential settlement of claims in an $8.8 billion New Jersey state court lawsuit alleging the company and its predecessors never paid for consulting services rendered by investment management services firm W.R. Hu read more

Defending depositions is challenging. The lawyer is the only shield and protector for the witness and the client. The rules of engagement are less than clear, and fraught with ethical perils. Difficult judgment calls often must be made in the heat of read more

A Delaware bankruptcy judge said Thursday that La Paloma Generating Co. LLC’s buyer, senior creditor LNV Corp., does not have successor liability for what was estimated at $63 million in environmental costs under California’s “cap-a read more