On June 16, 2021, the Delaware Court of Chancery dismissed the plaintiffs’ motion for partial judgment on pleadings relating to parts of their request for declaratory judgment filed in Dr Thomas Markusic, Dr Maxym Polyakov, et al. vs. Michael Blum, Patrick Joseph King, et al. The plaintiffs have filed the action for declaratory judgment in an effort […]
Mr. Holmes Bakehouse, the cult San Francisco bakery that went mysteriously dark after a brief reopening last summer, has filed for Chapter 7 bankruptcy and its CEO is no longer with the company. All bakery operations, including the location on Larkin Street in San Francisco and an outpost in Los Angeles, have closed for now, […]
Alex and Ani, the Rhode Island bracelet maker who once enjoyed growing popularity in the retail industry behind spirituality and charm bracelets, has filed for Chapter 11 bankruptcy. The company, which had been mired in declining sales, lawsuits and internal strife, said it would continue to operate while working with creditors and restructuring during bankruptcy […]
What Are The Rhode Island Bankruptcy Exemptions? Rhode Island law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s […]
Residents of Mumbai-based World Crest World Towers, India’s tallest residential complex, have filed for bankruptcy against Macrotech Developers (formerly Lodha Group), which is one of the country’s largest real estate companies. World Crest said in its National Company Law Tribunal (NCLT) filing that Macrotech had failed to pay its 7.2 crore dues towards a sinking […]
Regal Cinemas takes over the cinema space occupied by the Arclight Sherman Oaks in Sherman Oaks, California. Los Angeles weather reported that Cineworld-owned Regal Cinemas yesterday signed a lease with mall owner Douglas Emmett Inc. Regal is reportedly investing $ 10 million in movie theater renovations by updating it on par with its Regal Irvine Spectrum […]
Quinn Emanuel Urquhart & Sullivan, a newly expanding firm, adds two Foley & Lardner bankruptcy and restructuring litigation partners to its Washington office. The hires of Erika L. Morabito and Brittany J. Nelson follow the opening of a new office by Quinn Emanuel earlier this month in Miami. That involved adding 10 lawyers, some hired […]
California real estate mogul Kenneth Casey defrauded more than 1,300 investors out of hundreds of millions of dollars in a Ponzi scheme. Now its victims are taking control in a Chapter 11 so collaborative that it has stunned seasoned bankruptcy lawyers. “It’s a process I’ve never seen before,” said Michael I. Goldberg of Akerman LLP, […]
What Are The Pennsylvania Bankruptcy Exemptions? Pennsylvania law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s wise to […]
The impact of the pandemic is preventing Pacific Theaters Exhibition Corporation from opening the doors to its ArcLight Cinemas and Pacific Theaters locations. The exhibitor in difficulty, present at the 16 sites, has instead filed for Chapter 7 bankruptcy in order to liquidate its remaining assets for its creditors, the company announced on Friday. “We […]