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Jim Christie

Deal over clergy abuse claims in Oregon to tap trust from decade-old Ch. 11

05 Aug 2019

The Archdiocese of Portland, Oregon, which was the first U.S Roman Catholic diocese to file for bankruptcy over claims of sexual abuse by clergy, will pay nearly $4 million to eight men to settle their claims that they were abused by a priest, their lawyer said on Friday.

U.S. objects to LifeCare's Ch. 11 sales over Medicare payment dispute

03 Aug 2019

Bankrupt acute-care chain LifeCare Health Partners must make clear how more than $8 million it owes the Medicare system will get paid before it can transfer leases in two planned sales of several of its businesses in its Chapter 11 reorganization, according to the U.S. government.

Enviro groups have no standing to sue Sanderson Farms over ‘100% natural’ ads - judge

02 Aug 2019

Poultry producer Sanderson Farms Inc won a court order on Wednesday dismissing a lawsuit by two advocacy groups that accused it of misleading consumers by advertising its chicken as "100% natural" despite tests that found antibiotics in the birds.

Stearns to hire Skadden after winning tussle with U.S. trustee

02 Aug 2019

Bankrupt mortgage lender Stearns Holdings LLC won court approval on Wednesday to retain Skadden Arps Slate Meagher & Flom as its bankruptcy counsel, overcoming objections by the U.S. trustee, which had said the law firm could have a potential conflict of interest.

Diagnostics co THG blames bankruptcy on two-year fight over Medicare payments

01 Aug 2019

A wrong click on a drop-down box helped trigger two years of disputes over Medicare payments that medical diagnostics provider THG Holdings LLC says set it on course for bankruptcy.

Bankrupt retailer Gymboree in deal to give headquarters lease to Juul

31 Jul 2019

Juul Labs is in line to take over Gymboree Group's headquarters in a deal in which the bankrupt children's clothing retailer hands over the lease for its nearly 80,000-square-feet of office space in San Francisco to the e-cigarette maker, as part of its push to raise funds for its creditors.

Stearns says no conflict for Skadden serving as bankruptcy counsel

30 Jul 2019

Bankrupt mortgage lender Stearns Holdings LLC on Monday defended its planned retention of Skadden Arps Slate Meagher & Flom as bankruptcy counsel, saying the law firm does not have a potential conflict of interest as the U.S. trustee argued.

Skadden under fire from U.S. trustee in Stearns bankruptcy for conflict

27 Jul 2019

The U.S. Trustee has objected to mortgage lender Stearns Holdings LLC seeking court approval to retain Skadden Arps Slate Meagher & Flom as counsel for its bankruptcy, citing the potential for a conflict of interest for the law firm.

Blackjewel staves off liquidation with court-approved Contura as stalking-horse

26 Jul 2019

Coal producer Blackjewel LLC won bankruptcy court approval at a hearing on Friday to take steps it proposed in a motion a day earlier to sell three mines to Contura Energy Inc to avoid having to liquidate.

Blackjewel proposes selling coal mines to Contura to avoid liquidation

26 Jul 2019

Bankrupt coal producer Blackjewel LLC asked a West Virginia bankruptcy judge to sign off on a deal to sell three mines to Contura Energy Inc for $20.6 million in cash unless it gets a better offer by the end of the month.

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