/bankruptcy-authority/mid-cap?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Bankruptcy Authority Mid Cap Copyright 2025 Â鶹´«Ã½. en-US Fri, 06 Jun 2025 20:35:50 +0000 /bankruptcy-authority/mid-cap/articles/2350161?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350161 Catch up on this past week's key developments by state from Â鶹´«Ã½360 Real Estate Authority — including where the hotel sector stands at the midyear, which states are trying to curb healthcare investment models and what is fueling the surge in the real estate secondaries market. Fri, 06 Jun 2025 19:51:03 +0000 /bankruptcy-authority/mid-cap/articles/2350673?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350673 The court-appointed trustee overseeing the Chapter 11 of fintech middleware firm Synapse Financial Technologies Inc. is asking a California bankruptcy judge to convert the case to a Chapter 7 liquidation, despite some customer funds remaining unaccounted for. Fri, 06 Jun 2025 18:45:58 +0000 /bankruptcy-authority/mid-cap/articles/2350481?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350481 A New York bankruptcy judge expressed concerns Friday about the scope of modifications that Sticky's, a popular chicken restaurant chain, made to its already-confirmed Chapter 11 plan once it found a buyer that would avoid a liquidation, saying she expects to call the parties back Monday to share her decision on the new version. Fri, 06 Jun 2025 17:47:44 +0000 /bankruptcy-authority/mid-cap/articles/2350465?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350465 Bankruptcy judges will hear arguments on approving the Chapter 11 plans of nursing facility operator Petersen Health Care and investment group The Aztec Fund, decide if satellite communications company Ligado Networks can send out its plan for a creditor vote, and determine if life insurance bond seller GWG Holdings can settle claims against directors for allegedly diverting company funds. Fri, 06 Jun 2025 17:33:42 +0000 /bankruptcy-authority/mid-cap/articles/2350467?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350467 The U.S. Trustee's Office has asked a Texas bankruptcy judge to reject the Chapter 11 plan floated by a boat and water sports retailer known as Tommy's Boats, arguing it contains nonconsensual third-party releases that violate the Bankruptcy Code and the U.S. Supreme Court's Purdue Pharma ruling. Fri, 06 Jun 2025 16:30:29 +0000 /bankruptcy-authority/mid-cap/articles/2350133?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350133 An undivided U.S. Supreme Court issued five unanimous rulings this week, weighing in on the burden majority-group plaintiffs must meet in discrimination cases, what counts as a religious organization for purposes of an employment tax exemption, and whether Mexico can sue American gun companies for their alleged role in cartel violence. Here, Â鶹´«Ã½360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court. Fri, 06 Jun 2025 16:19:05 +0000 /bankruptcy-authority/mid-cap/articles/2350343?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350343 A Delaware bankruptcy judge has granted final approval for medical technology company Accelerate Diagnostics' $20 million debtor-in-possession financing, which is backed by lenders, including its stalking horse bidder. Fri, 06 Jun 2025 16:12:43 +0000 /bankruptcy-authority/mid-cap/articles/2350532?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350532 New Jersey-based Porzio Bromberg & Newman PC asked a Louisiana federal judge to dismiss a doctor's suit accusing the firm of driving him into bankruptcy, arguing that there's no jurisdiction that would justify continued litigation in the state. Fri, 06 Jun 2025 16:04:00 +0000 /bankruptcy-authority/mid-cap/articles/2342370?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2342370 As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Â鶹´«Ã½ School. Thu, 05 Jun 2025 19:32:30 +0000 /bankruptcy-authority/mid-cap/articles/2349846?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349846 A technology platform for startups is hoping to mediate a string of legal disputes with a creditor and former business partner in its Chapter 11. The Church of Jesus Christ of Latter-day Saints urged a Delaware bankruptcy judge to enforce the Boy Scouts of America's Chapter 11 channeling injunction, saying it has been forced to defend itself from released claims. And ExxonMobil objected to a biofuel startup's Chapter 11 auction proposal, asserting that it has rights to certain intellectual property up for sale. Thu, 05 Jun 2025 19:09:05 +0000 /bankruptcy-authority/mid-cap/articles/2350040?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2350040 The receiver for the bankrupt city of Chester, Pennsylvania, told a state court Thursday that the city-created stormwater authority and its board of directors violated their charter and state law by expanding the board and paying the elected officials who were on it. Thu, 05 Jun 2025 17:23:46 +0000 /bankruptcy-authority/mid-cap/articles/2349421?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349421 New commercial Chapter 11 cases surged 62% in May compared to the previous month, climbing to 733 from 453 in April, as businesses continue to grapple with high borrowing costs and ongoing economic uncertainty, new data released by Epiq AACER and the American Bankruptcy Institute showed. Thu, 05 Jun 2025 16:57:33 +0000 /bankruptcy-authority/mid-cap/articles/2349861?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349861 Bankrupt casual dining chain Hooters of America began shuttering dozens of restaurant locations throughout the United States Wednesday as it pursues a Chapter 11 restructuring that will see its plan disclosure statement up for approval next week. Thu, 05 Jun 2025 16:52:25 +0000 /bankruptcy-authority/mid-cap/articles/2349862?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349862 Engineer.ai, the parent of an artificial intelligence-supported coding app maker, Builder.ai, has filed papers for a Chapter 7 liquidation in Delaware with more than $50 million in liabilities, following litigation regarding claims about its technology and the recent appointment of a new CEO. Thu, 05 Jun 2025 14:39:56 +0000 /bankruptcy-authority/mid-cap/articles/2349569?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349569 President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more. Thu, 05 Jun 2025 14:39:52 +0000 /bankruptcy-authority/mid-cap/articles/2349744?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349744 Munsch Hardt Kopf & Harr PC on Wednesday announced that it has tapped shareholders in Dallas and Houston to lead its women's initiative group, a program designed to support the advancement, retention and public profile of female lawyers across the firm. Thu, 05 Jun 2025 13:56:10 +0000 /bankruptcy-authority/mid-cap/articles/2328074?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2328074 After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie. Thu, 05 Jun 2025 11:51:59 +0000 /bankruptcy-authority/mid-cap/articles/2349842?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349842 The founder of the bankrupt Weiss Multi-Strategy Advisers has himself sought Chapter 11 protection in Florida after a New York judge granted a nearly $113.5 million judgment against him in favor of his firm's largest creditor. Wed, 04 Jun 2025 23:28:17 +0000 /bankruptcy-authority/mid-cap/articles/2349245?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349245 The winner of 23andMe's Chapter 11 auction and a nonprofit started by its co-founder can improve their offers to acquire the DNA testing company under procedures agreed to Wednesday in Missouri bankruptcy court, despite disruptions from a tornado warning and an attorney letting slip nonpublic details of an offer. Wed, 04 Jun 2025 20:43:09 +0000 /bankruptcy-authority/mid-cap/articles/2349293?utm_source=rss&utm_medium=rss&utm_campaign=section /bankruptcy-authority/mid-cap/articles/2349293 An Illinois attorney who was sanctioned $1 million alongside his client for frivolously litigating a condominium governance fight and later helped that client engage in knowingly improper bankruptcy conduct should be suspended for a year and complete a professionalism seminar, a state disciplinary watchdog says.