Lawyers for Rudy Giuliani said Wednesday they will seek permission to retain Sotheby's to help sell the former New York City mayor's $6.1 million Manhattan apartment, telling a New York judge he was cooperating with a bankruptcy watchdog even as creditors called his financial filings inadequate.
A Delaware bankruptcy judge began on Wednesday to lay out a course for picking an independent examiner in the Chapter 11 case of defunct cryptocurrency exchange operator FTX, explaining that the court's focus was on moving quickly, avoiding big expenses and not having to "reinvent the wheel."
The Chapter 11 liquidating trustee for Vital Pharmaceuticals sued the Bang Energy drink maker's former CEO on Thursday, seeking at least $80 million in clawbacks and tens of millions more in real estate and other property, while accusing him of creating a "self-dealing regime" that destroyed the company.
A bankruptcy judge in the Southern District of Texas on Wednesday ordered the deposition of the Chapter 11 agent for a hand sanitizer maker after his apparent lack of action, as the court seeks his input in deciding how to proceed with dozens of attorney fee disgorgement cases against Jackson Walker.
The U.S. Supreme Court on Monday declined to hear the case of a Chapter 7 trustee who was rebuffed in his efforts to get $10.3 million from LSQ Funding Group LC, a creditor of a bankrupt staffing agency, after the trustee argued that he was not required to show harm to the estate to justify the clawback where fraud was involved.