The Onion’s Bid to Take Over Infowars Paused by Texas Court

A Texas state appeals court issued a last-minute order pausing The Onion’s move to license the intellectual property of Alex Jones’ Infowars, delaying a planned turnover.

Florida’s Brightline Seeks Rescue to Avoid a Possible Bankruptcy

Florida’s Brightline high-speed rail project is seeking options to address its debt load that avoid sending the Fortress Investment Group-backed firm into a possible bankruptcy, according to people familiar with the matter.

Spirit Airlines Says Government Rescue Loan Talks Are Continuing

Spirit Aviation Holdings Inc. said Wednesday that talks with creditors over a $500 million US government rescue loan are continuing and postponed a court hearing related to the financing

FAT Brands Reaches Bankruptcy Sale Agreements for All Brands

Lenders to FAT Brands Inc. submitted winning bids to take over most of the bankrupt restaurant chain owner’s brands in exchange for existing debt, while the company landed $10.5 million in cash deals for two of its restaurant concepts.

Del Monte Lender Group Challenges Bankruptcy Wind-Down Plan

Del Monte Foods Corp. minority lenders and the Department of Justice’s bankruptcy monitor objected to the food distributor’s bankruptcy plan over a purportedly defective voting structure and liability releases.

Practitioner Insights

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Kate Shaw
University of Pennsylvania Carey Law School
Shafi Saiduddin
Legalis Intelligence Advisors

Spotlight on Judge David R. Jones

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

A Star Bankruptcy Judge’s Downfall: Bloomberg Law Investigation

Judge David R. Jones worked for years to make Houston a destination for high-dollar bankruptcy litigation before an intimate relationship with a local attorney, whose firm regularly brought cases before him, led to his disgrace.

Texas Two-Step: Jones Day's Tactic to Evade Mass Tort Liability Through Bankruptcy

Through the legal tactic, known as the Texas Two-Step, corporations have been able to use bankruptcy to avoid mass tort liability. In this video we look at how it works, the reasons why plaintiffs' attorneys hate it, the reasons that companies and their lawyers use it, and how courts have ruled on it so far.

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