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A private equity fund sitting on a $66 million class action judgment against now-bankrupt ChinaCast Education Corp. may be able to sue the debtors’ insurers for payment without stepping on the toes of the company or other creditors, a New York read more

Bankrupt supplement retailer Vitamin World Inc. told a Delaware judge Wednesday that it was going to delay final approval of its $25 million debtor-in-possession financing package to allow for continued discussions with unsecured creditors and the le read more

A former General Motors LLC employee can’t pursue claims against the company that its employees' allegedly false testimony contributed to his wrongful rape conviction, since New GM isn’t liable for alleged misconduct that occurred und read more

The Third Circuit determined Wednesday that a New Jersey bankruptcy court was right to throw out a $30 million judgment against a Wall Street stockbroker accused of fraud, saying in its precedential ruling that the investors’ att read more

The owner of Romano’s Macaroni Grill casual restaurant chain filed for Chapter 11 protection in Delaware on Wednesday with a support agreement from its largest creditors in hand that aims to reorganize the company as a going concern and slash s read more