James Nani

1 week ago | news.bloombergtax.com | James Nani |Cheryl C. Saenz

Jackson Walker LLP pushed back on a crisis public relations firm’s advice to tout its ethical standards following allegations that one of its lawyers was in a secret relationship with a top bankruptcy judge, according to an updated complaint. The previously undisclosed communications between the Texas law firm and Androvett Legal Media & Marketing were made public in an amended complaint Thursday by the plan administrator for JCPenney’s 2020 bankruptcy.

2 weeks ago | news.bloomberglaw.com | James Nani

A ransomware attack on global consulting firm Berkeley Research Group LLC’s systems infiltrated and stole data from several bankrupt Catholic groups from across the country. The firm said it agreed to pay a settlement to the ransomware actor in exchange for a promise to delete and not leak the stolen data, according to filings Tuesday in at least eight Catholic diocese Chapter 11 cases. Berkeley served as the financial adviser for the unsecured creditor committees in those bankruptcies.

2 weeks ago | news.bloombergtax.com | James Nani

A ransomware attack on global consulting firm Berkeley Research Group LLC’s systems infiltrated and stole data from several bankrupt Catholic groups from across the country. The firm said it agreed to pay a settlement to the ransomware actor in exchange for a promise to delete and not leak the stolen data, according to filings Tuesday in at least eight Catholic diocese Chapter 11 cases. Berkeley served as the financial adviser for the unsecured creditor committees in those bankruptcies.

2 weeks ago | news.bloomberglaw.com | James Nani

Distressed Chinese real estate developer Yuzhou Group Holdings Co. won tentative US bankruptcy court recognition to enforce its Hong Kong restructuring. Judge Lisa G. Beckerman of the US Bankruptcy Court for the Southern District of New York said at a hearing Wednesday that she would approve the uncontested Chapter 15 proposal after certain revisions are made to a final order. The foreign restructuring plan reduces the company’s offshore debt by nearly $2.2 billion, according to court records.

2 weeks ago | news.bloombergtax.com | James Nani

Distressed Chinese real estate developer Yuzhou Group Holdings Co. won tentative US bankruptcy court recognition to enforce its Hong Kong restructuring. Judge Lisa G. Beckerman of the US Bankruptcy Court for the Southern District of New York said at a hearing Wednesday that she would approve the uncontested Chapter 15 proposal after certain revisions are made to a final order. The foreign restructuring plan reduces the company’s offshore debt by nearly $2.2 billion, according to court records.