Bankruptcy
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The parent company of Chuck E. Cheese should not be allowed to stop paying rent even amid the economic fallout from the COVID-19 pandemic, two landlords to the family pizza-arcade chain argued this week in Texas bankruptcy court… Read this piece in its entirety at Law360.
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Two dozen states and the District of Columbia have joined calls for a New York federal court to push back the cutoff date for filing claims in the bankruptcy of Purdue Pharma LP, citing the obstacles created by the ongoing COVID-19 pandemic… Read this piece in its entirety at Law360.
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Deloitte & Touche LLP will have to face a lawsuit in Pennsylvania state court over the role of its accounting in the collapse of Adelphia Communications Corp. after a panel of Keystone State appellate judges said a lower court had been wrong to let Deloitte out of the case… Read this piece in its entirety
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A litigation trust for creditors of the bankrupt Toys R Us Inc. filed a lawsuit Thursday in New York state court alleging former executives and directors of the defunct retailer with ties to prominent private equity firms engaged in shady business practices around the bankruptcy… Read this piece in its entirety at Law360.
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Pacific Gas and Electric Co. asked a California bankruptcy judge on Thursday to greenlight two worker incentive plans that would pay out up to $454 million, saying the compensation reward system would help bring employees’ interests in line with those of bankruptcy stakeholders… Read this piece in its entirety at Law360.
Mike LaSusa 