Emily Lever

Sullivan & Cromwell LLP and the attorney general of California clashed in Delaware bankruptcy court over the firm's interim fee requests for its representation of debtor chemical company Kidde-Fenwal Inc., with the state alleging overbilling and Sullivan & Cromwell claiming California is seeking "payback" for the results of a recent mediation.

Vaccine maker Gritstone bio Inc. hit Chapter 11 after a tightening investment market left it starved of the capital it needed to keep doing its research into preventative treatments for cancer, COVID-19 and HIV, according to court filings.

Vaccine maker Gritstone bio Inc. hit Chapter 11 after a tightening investment market left it starved of the capital it needed to keep doing its research into preventative treatments for cancer, COVID-19 and HIV, according to court filings.

A Delaware bankruptcy judge Monday agreed to approve debtor-in-possession financing for Jordan Health, the corporate parent of medical equipment service provider Avante Health, after the debtor and DIP lender struck a deal with the official committee of unsecured creditors.

Sullivan & Cromwell LLP's Andy Dietderich led the legal team that represented FTX Trading Ltd. in its $16 billion Chapter 11 reorganization — from its precipitous bankruptcy filing to the recent successful confirmation hearing — and shepherded fire-suppression company Kidde-Fenwal Inc. through the first bankruptcy stemming from mass tort claims related to PFAS chemicals, earning him a spot among the 2024 Law360 Bankruptcy MVPs.

The unsecured creditors committee for medical equipment service provider Avante Health's corporate parent has asked a Delaware bankruptcy judge to reject the company's proposed bankruptcy financing package, arguing that a prepetition lender and stalking horse bidder could be allowed to grab unencumbered assets while underfunding the case.

Reed Smith LLP has struck a deal with the U.S. Trustee's Office to take a $150,000 haircut on its fee application for representing shipping firm Eletson Holdings in its Chapter 11 case and explain its prepetition relationship to company leadership, resolving a bid to claw back legal fees from the firm for allegedly not being disinterested.

Reed Smith LLP has struck a deal with the U.S. Trustee's Office to take a $150,000 haircut on its fee application for representing shipping firm Eletson Holdings in its Chapter 11 case and explain its prepetition relationship to company leadership, resolving a bid to claw back legal fees from the firm for allegedly not being disinterested.

A Delaware bankruptcy judge Wednesday agreed to give her interim approval for Ultra Safe Nuclear Corp. to access $10 million of its debtor-in-possession financing as it moves towards a planned sale in December.

A Washington state bankruptcy judge has found that real estate investment firm iCap Enterprises Inc. had operated as a Ponzi scheme, opening up the door for creditors to bring lawsuits and deduct some part of the losses from their taxes, attorneys for the official committee of iCap's unsecured creditors said Monday.