Bankruptcy News

ATLANTA--(BUSINESS WIRE)--Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that it has received approval from the U.S. Bankruptcy Court for the District of New Jersey (the “Court”) for first day relief related to its prepackaged Chapter 11 filed on January 29, 2026. The approved relief affirms that the Company will operate in the normal course, pay all trade vendors and suppliers in full, and maintain a strong liquidity position during...

MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) today announced preliminary and unaudited revenues of €1,916.9 million for fiscal year 2025, -1.5% YoY from €1,946.6 million in fiscal year 2024 (+1.1% organic). In the fourth quarter of 2025 revenues reached €591.0 million, +0.3% YoY and +4.6% organic. Ermenegildo “Gildo” Zegna, Executive Chairman of the Ermenegildo Zegna Group...

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc., a global leader in silicon carbide technology and production (the “Company” or “Wolfspeed”), today announced that the Committee on Foreign Investment in the United States (“CFIUS”) has formally cleared the Company’s issuance of equity to Renesas Electronics America Inc. (“Renesas”), completing a key component of Wolfspeed’s previously announced restructuring agreement with its lender group in support of its Chapter 11 process. “CFIUS clearance rep...

ATLANTA--(BUSINESS WIRE)--Multi-Color Corporation (“MCC” or the “Company”), a global leader in prime label solutions, today announced that to implement the previously announced restructuring support agreement (the “RSA”), the Company has commenced its prepackaged Chapter 11 filing in the United States Bankruptcy Court for the District of New Jersey (“the Court”). MCC announced on January 27 it had entered into the RSA with holders of approximately 72% in amount of MCC’s secured first lien debt...

GENEVA, Switzerland--(BUSINESS WIRE)--Regulatory News: GeNeuro SA (Euronext Paris: CH0308403085 – GNRO), a biopharmaceutical company developing novel treatments for neurodegenerative and autoimmune diseases, announces that the Geneva Court of First Instance, in a ruling notified on January 28, 2026, considered there was no ground to extend the definitive debt moratorium and, as a result, has declared GeNeuro SA bankrupt. As previously announced, GeNeuro SA had obtained on September 26, 2025, a...

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of automotive parts, announced that it has commenced a wind down of certain of its North American business operations, including its Brake Parts Inc., Cardone, and Autolite brands. First Brands’ remaining business units continue to operate while the Company assesses pathways to transition these operations to new ownership. “Over the past several months, we explored all a...

SAN JOSE, Calif.--(BUSINESS WIRE)--Linqto, Inc. today re-released a detailed account of the rationale for filing for Chapter 11 bankruptcy protection, reviewing the serious fraud and misconduct committed by William (Bill) Sarris, Linqto’s former Chief Executive Officer and founder and the prior management. The Company shared new information connected to the fraudulent behavior that occurred under Mr. Sarris’ leadership, reiterated the timeline of events, and restated the facts previously submit...

BOCA RATON, Fla.--(BUSINESS WIRE)--Anthology (the “Company”), a leading software as a service (“SaaS”) educational technology provider, today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed the Company’s Chapter 11 Plan (the “Plan”)—putting Anthology on track to successfully emerge from Chapter 11 in the coming weeks. Anthology has a clear path forward in implementing the final steps of its restructuring and strategic transformation and em...

ATLANTA--(BUSINESS WIRE)--Georgia ProtonCare Center Inc. (“GPCC” or “the Company”) announced today that it has entered into an asset purchase agreement with Emory University, by and on behalf of Emory University Hospital Midtown (“Emory”) to purchase substantially all of its assets plus the assumption of certain liabilities. GPCC’s main asset is a proton therapy cancer treatment center (the “Facility”) located in Midtown, Atlanta. Emory clinicians provide the day-to-day care and treatment for p...

SAN JOSE, Calif. & HOUSTON--(BUSINESS WIRE)--Linqto, Inc. today announced that it has filed a Plan Supplement for the Joint Chapter 11 Plan of Linqto Texas LLC and its affiliated debtors, where among other things, the Company identified the managers selected for the two options for customer recoveries described in the Plan of Reorganization. These selections were made by the Unsecured Creditors Committee (UCC) and Linqto’s Chief Restructuring Officer (CRO), Jeffrey Stein. On July 8, 2025, Linqt...