Articles

  • 2 days ago | news.bloomberglaw.com | Angélica Serrano-Román

    Plant-based chain struggled to pay rent in multiple cities Petition includes restaurants in New York, California and DCPlanta Group, which operates a chain of plant-based restaurants, filed for Chapter 11 bankruptcy amid mounting unpaid rent claims and operational costs. The Miami-based dining chain, known for serving only plant-based food, included its 17 restaurants nationwide in its Monday filing in the US Bankruptcy Court for the District of Delaware.

  • 2 days ago | news.bloomberglaw.com | Angélica Serrano-Román

    Law firm cites rule on client’s failure to fulfill obligationsFailed SPAC sold cybersecurity software subscriptionsYoung Conaway Stargatt & Taylor LLP asked a bankruptcy court to let it withdraw as counsel to IronNet Inc., the cybersecurity firm started by former National Security Agency chief General Keith B. Alexander.

  • 1 week ago | news.bloomberglaw.com | Angélica Serrano-Román

    Bankruptcy LawEmailMay 6, 2025, 5:47 PM UTCThe Justice Department and the SEC should investigate former Steward Health Care CEO Ralph de la Torre, two Democratic senators said, alleging executives pocketed millions while driving the hospital system into bankruptcy. Sens. Elizabeth Warren and Ed Markey, both of Massachusetts, called for the prosecution of the fallen hospital system’s former chief executive a year after its bankruptcy filing.

  • 1 week ago | news.bloomberglaw.com | Angélica Serrano-Román

    Yellow Corp. opposed hedge fund MFN Partners LP’s request to convert its Chapter 11 case to trustee-run Chapter 7 liquidation proceeding, arguing it would incur higher administrative costs.

  • 1 week ago | news.bloomberglaw.com | Angélica Serrano-Román

    Brightmark Plastics Renewal LLC defended its Chapter 11 case against a call for dismissal from municipal bond trustee UMB Bank, arguing that the company’s survival was at stake when it filed for bankruptcy. The Indiana recycling plant rejected claims that it sought bankruptcy relief in bad faith to hinder the trustee and collateral agent’s rights.

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