James Nani

2 days ago | news.bloomberglaw.com | James Nani |Alex Wolf

Bankruptcy court aimed to restore ‘fairness,’ analyst saysLaw doesn’t allow double recovery, appeals court heldA federal appeals court opinion flipping the ownership of Texas oil driller Mesquite Energy Inc. to a group of lenders, including Apollo Global Management Inc., turned a crafty arrangement by a bankruptcy judge on its head. A Houston bankruptcy court’s efforts to fairly split the equity of the company formerly known as Sanchez Energy Corp.

1 week ago | news.bloomberglaw.com | James Nani |Cassandre Coyer

23andMe committee is evaluating co-founder’s latest bidRegeneron, as buyer, seeks to avoid delay, narrow discoveryRegeneron Pharmaceuticals and a privacy ombudsman are raising concerns over a push by 23andMe’s co-founder to challenge the drug developer’s $256 million bid for the bankrupt genetic-testing firm’s DNA data bank.

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

Upscale chain Planta sought bankruptcy after rapid expansionVegans more likely to cook at home due to dietary reasonsPlant-based restaurant chain Planta is the latest to succumb in a wave of restaurant defaults as specialty dining grapples with rising food costs and a smaller customer base than conventional eateries. Vegan restaurants face hardships that often mirror those of nonvegan establishments, including rising rent and operating costs.

1 week ago | news.bloombergtax.com | James Nani

Plant-based restaurant chain Planta is the latest to succumb in a wave of restaurant defaults as specialty dining grapples with rising food costs and a smaller customer base than conventional eateries. Vegan restaurants face hardships that often mirror those of nonvegan establishments, including rising rent and operating costs.

1 week ago | news.bloombergtax.com | James Nani

Highland Capital Management LP asked the US Supreme Court to immediately pause an appeals court decision allowing the investment firm’s former CEO to pursue bankruptcy-related litigation against it. Halting the US Court of Appeals for the Fifth Circuit’s mandate will allow the firm to challenge a decision over a bankruptcy court’s authority to act as a gatekeeper by screening out certain lawsuits, according to Highland’s emergency application filed Wednesday with the high court.