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As expected, United States Bankruptcy Court for the Southern District of Texas Judge Christopher M. Lopez approved Audacy’s Chapter 11 reorganization plan in which Audacy will equitize approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to approximately $350 million. Prior to yesterday’s hearing, there were only two objections to…
Sphere 3D Corp. , dedicated to becoming the leading carbon-neutral Bitcoin mining company has reached a settlement agreement with Core Scientific, Inc. which was approved by United States...
Right-wing conspiracy theorist Alex Jones on Friday proposed a bankruptcy exit plan that offers to settle with Sandy Hook Elementary School shooting victims’ families by paying them at least $55
Though not unprecedented, the Jones and Cardi B cases highlight the intersection of bankruptcy law, defamation, and popular culture at a time when social media has turned everyone into a potential publisher who could be liable for their public pronouncements. They also reinforce a quiet part of law that debtors, creditors, and attorneys should keep in mind before weighing bankruptcy court.
Jones resigned Monday, three days after a formal misconduct complaint was filed in the Fifth Circuit Court of Appeals. The prominent bankruptcy judge is accused of failing to disclose a romantic relationship with an attorney who previously worked for a law firm that regularly handled cases in his court.