Recent Updates

  • Court: Idaho nuclear waste documents won't be made public

    Court: Idaho nuclear waste documents won't be made public

    Bankruptcy Law 02/08/2018

    U.S. officials don't have to provide details about proposed shipments of extremely radioactive spent commercial nuclear fuel to the country's top government nuclear research laboratory in Idaho, a federal court has ruled.The ruling was a major setbac...

  • Toys R Us files for Chapter 11 reorganization

    Toys R Us files for Chapter 11 reorganization

    Bankruptcy Law 09/22/2017

    Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations.A statement by the Wayne, New Jersey-based company late Monday says it voluntarily is see...

  • Court filing: Marsh seeks OK to sell 26 grocery stores

    Court filing: Marsh seeks OK to sell 26 grocery stores

    Bankruptcy Law 07/29/2017

    A bankruptcy court document says two Ohio-based grocery chains have agreed to buy 26 of Marsh Supermarkets' 44 remaining stores for a total of $24 million.The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 11 s...

  • Bankruptcy court denies Caesars Entertainment's quick appeal

    Bankruptcy court denies Caesars Entertainment's quick appeal

    Bankruptcy Law 08/23/2015

    A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decisi...

  • Court rules GM shielded from death claims before bankruptcy

    Court rules GM shielded from death claims before bankruptcy

    Bankruptcy Law 04/23/2015

    A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's gov...

  • Bankrupt Caesars unit gets court's OK to use cash, for now

    Bankrupt Caesars unit gets court's OK to use cash, for now

    Bankruptcy Law 03/23/2015

    A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for at least five weeks. Judge Benjamin Goldgar said Caesars Entertainment Operating Co. could ...

  • Bankruptcy court to weigh Revel sale, but loopholes exist

    Bankruptcy court to weigh Revel sale, but loopholes exist

    Bankruptcy Law 03/23/2015

    A bankruptcy court judge will consider — yet again — the proposed sale of Atlantic City’s former Revel Casino hotel to a Florida developer. But the $82 million deal has loopholes that could let the owner, Revel AC, or the purchaser,...

  • TiVo gets bankruptcy court approval to buy some Aereo assets

    TiVo gets bankruptcy court approval to buy some Aereo assets

    Bankruptcy Law 03/23/2015

    TiVo said Friday that it has received bankruptcy court approval to buy some assets of Aereo, an online startup that offered a cheaper alternative to cable TV. Financial terms were not disclosed. Aereo filed for Chapter 11 bankruptcy protection in Nov...

  • Bankrupt Stockton defends financial plan in court

    Bankrupt Stockton defends financial plan in court

    Bankruptcy Law 05/23/2014

    The largest city in California to file for bankruptcy protection is asking a judge Monday to approve its plan for reorganizing more than $900 million in long-term debt to rescue the city from two years of financial uncertainty. Standing in Stockton's...

  • Tokyo court starts Mt. Gox bankruptcy proceedings

    Tokyo court starts Mt. Gox bankruptcy proceedings

    Bankruptcy Law 04/23/2014

    Bankruptcy proceedings have begun for Mt. Gox, a move that was widely expected after the Tokyo District Court decided earlier this month that the bitcoin exchange would not be able to resurrect itself. An administrator will try to sell the company's ...

  • Detroit bankruptcy judge opens court to critics

    Detroit bankruptcy judge opens court to critics

    Bankruptcy Law 04/23/2014

    A judge overseeing Detroit's bankruptcy is getting an earful from retirees who are opposed to the city's plan to get back on its feet. Judge Steven Rhodes is giving dozens of people five minutes each to air their objections Tuesday. He held a similar...

  • GM to ask bankruptcy court for lawsuit protection

    GM to ask bankruptcy court for lawsuit protection

    Bankruptcy Law 04/09/2014

    General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy. The automaker's strategy is in a motion filed in a Co...

Business News

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