A liquidation trustee for the former parent company of the bankrupt Hastings Entertainment secured Delaware Bankruptcy Court approval on Thursday to distribute much of a $2 million settlement with a former top officer, with the balance set aside pending settlement of an attorney fee dispute.
Quinn Emanuel Urquhart & Sullivan LLP can't dodge a suit filed in Insys Therapeutics Inc.'s Ch. 11 case over $90,000 paid to the firm just before the bankruptcy filing, a Delaware bankruptcy judge has ruled, allowing a claim that the transactions may have been improper transfers to proceed.
A Delaware bankruptcy judge ruled Wednesday that Goldman Sachs can't use Ruby Tuesday Inc.'s February Chapter 11 confirmation to shield it from a developer's $54 million suit in Tennessee claiming interference with a pre-petition deal to acquire the restaurant chain's lease for a historic lodge south of Knoxville.
A Delaware federal bankruptcy judge has given pop star Jessica Simpson the green light to put in a bid in the hopes of controlling the clothing line that bears her name from bankrupt Sequential Brands Group Inc., according to an order issued Wednesday.
A Delaware bankruptcy judge on Wednesday rejected drugmaker Mallinckrodt PLC's bid to block insurer demands for full post-petition, administrative priority payment of monopoly-inflated costs for a drug used to treat infantile spasms, saying the dispute must be decided by trial.