News

The former CEO of bankrupt Radnor Holdings Corp. asked the Third Circuit on Thursday to reconsider its decision that the statute of limitations barred his suit alleging Skadden Arps Slate Meagher & Flom LLP hid a conflict of interest during the c read more

The publisher of the Boston Herald, now bankrupt with plans to sell the tabloid to newspaper chain GateHouse Media LLC, asked Wednesday for a hearing in early January to establish stalking horse protections and set a date to close the sale in late Ma read more

A Minnesota federal judge on Thursday affirmed a bankruptcy court's recommendation to dismiss a suit against JPMorgan Chase & Co. by a hedge fund alleging the bank aided businessman Thomas Petters’ $3.7 billion Ponzi scheme, finding the read more

Crane Heyman Simon Welch & Clar fought back Wednesday against allegations by the trustee for bankrupt World Marketing LLC that the law firm failed to adequately advise the company on layoffs, arguing that the claims had already been litigated in read more

Mired in $2.8 billion of funded debt and reeling from depressed oil and gas prices and ongoing shareholder litigation, exploration and production company Cobalt International Energy Inc. filed for Chapter 11 bankruptcy in Texas on Thursday with the e read more