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The role of the general counsel inside the corporation has significantly grown in importance, with the GC now often replacing the senior partner in the outside law firm as the primary counselor for the CEO and the board. This inside counsel revolutio read more

Two affiliated investors accusing SunEdison Inc. of using an exit financing agreement to buy creditor support for its Chapter 11 plan asked a New York bankruptcy court on Thursday to compel the renewable energy giant to hand over documentation relate read more

The U.S. government's bankruptcy watchdog said Thursday there is no need to appoint a committee to represent the interests of Seadrill Ltd. shareholders in the company's Chapter 11 proceedings since no evidence has been provided that they mig read more

Private equity firm Patriarch Partners pushed back Thursday in New York bankruptcy court against a bid for document discovery and testimony by the Chapter 7 trustee for bankrupt medical transporter TransCare Corp., saying the request is overbroad and read more

When the parent of a child who attends private school files for bankruptcy, the school may be sued to return tuition payments for the benefit of the parent's creditors. A bankruptcy court recently dismissed two such claims, providing schools with read more