A bedrock principle underlying chapter 11 of the Bankruptcy Code is that creditors, shareholders, and other stakeholders should be provided with adequate information to make an informed decision.
The Third Circuit said Thursday that a Delaware bankruptcy court has jurisdiction to hear a Minnesota mining company's challenge to a more than $16 million fee sought by an investment banking firm for financial advisory services, ruling in a precedential opinion that the matter is a "core proceeding" within the court's purview.
Following an August 4, 2022 memorandum opinion from Judge Brendan L. Shannon of the United States Bankruptcy Court for the District of Delaware, a party to a safe harbored contract can.
GenapSys Inc. may not finalize a sale process or bankruptcy financing until its founders have a chance to argue why the gene sequencing company's Chapter 11 case should be dismissed, a Delaware bankruptcy judge said Thursday.
The Chapter 11 plan for the generic-drug maker once known as Teligent Inc. was thrown into doubt Friday after a bankruptcy court ruled that the company owes a refund for drugs it sold after bankruptcy and then later recalled as part of an asset sale.