SouthRock Capital Ltda., a Brazilian private equity company that operates international food service brands including Starbucks and TGI Friday, filed for Chapter 15 bankruptcy in Texas, blaming its insolvency on the COVID-19 pandemic and volatility in Brazil's economy.
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TOP NEWS

Brazilian Food Chain Co. SouthRock Files Ch. 15 In Texas

By Yun Park

SouthRock Capital Ltda., a Brazilian private equity company that operates international food service brands including Starbucks and TGI Friday, filed for Chapter 15 bankruptcy in Texas, blaming its insolvency on the COVID-19 pandemic and volatility in Brazil's economy.

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Express Picks Stalking Horse Bidder As Ch. 11 Buyer

By Vince Sullivan

A stalking horse bidder offering $136 million in cash for the assets of clothing retailer Express Inc. will be the buyer in the debtor's competitive sale process, after its offer was deemed to be the only qualified bid to acquire the assets as a going-concern.

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Judge Orders $2.9M Chinese Dissident's Fund Share Sale

By Yun Park

A Connecticut bankruptcy judge approved a request by the Chapter 11 trustee overseeing exiled Chinese billionaire Miles Guo's case to liquidate $2.9 million in investment fund shares held by Lamp Capital LLC, a shell company whose assets the judge already determined belonged to Guo's estate.

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CHAPTER 11

Judge Will Tap Arbitrator To Explain $87M Shipping Award

By Emlyn Cameron

A New York federal judge will let an arbitrator who found that Levona Holdings Ltd. owed Eletson Holdings Inc. almost $87 million in damages clarify the order, saying it was sufficiently ambiguous to require elaboration and rejecting Levona's request that the arbitrator not be given that chance.

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Pa. Nursing Home Creditors OK With $43.7M DIP Loan

By Matthew Santoni

Creditors of a Pittsburgh-area nursing home network indicated Thursday they were open to $43.7 million in debtor-in-possession financing as the group prepares to potentially sell off a portion of its footprint in a Chapter 11 sale.

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EXPERT ANALYSIS

Series

Playing Chess Makes Me A Better Lawyer

There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

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LEGAL INDUSTRY

All The World's A Stage For Tony-Nominated Dechert Co-Chair

By Tracey Read

Mark Thierfelder is not only a Dechert LLP co-chair and partner; he’s also a Tony-nominated Broadway producer up for an award this June 16. Here, Law360 Pulse talks to Thierfelder on how he balances his legal work with his creative pursuits.

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Real Estate Broker Claims Lewis Brisbois Breached Deal

By Madison Arnold

A real estate broker who had exclusive rights to represent Lewis Brisbois Bisgaard & Smith LLP has slammed the firm with a breach of contract suit in California state court, alleging its abrupt termination of their deal will cost him millions in commissions.

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Goetz Fitzpatrick To Merge With Platzer Swergold Next Year

By Tracey Read

Goetz Fitzpatrick LLP and Platzer Swergold Goldberg Katz & Jaslow LLP will combine forces next year to create a single New York City firm.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen toy company Jellycat hit supermarket Aldi with an intellectual property claim, AIG start proceedings against firefighting foam company Angus International Safety Group, and the Solicitors Regulation Authority file a legal claim against the Post Office amid the ongoing Horizon IT scandal. Here, Law360 looks at these and other new claims in the U.K.

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LAW FIRMS IN TODAY'S NEWS

Bass Berry

Baute Crochetiere

Bernstein Burkley

Brown Rudnick

Capsticks Solicitors LLP

Dechert LLP

Goetz Fitzpatrick

Gutnicki LLP

Hamlins LLP

Hill Dickinson

Hogan Lovells

Jones Day

K&L Gates

Kirkland & Ellis

Klehr Harrison

Law Office of Steven J. Fink PLLC

Lewis Brisbois

Neubert Pepe

O'Melveny & Myers

Paul Hastings

Pillsbury & Coleman

Pinsent Masons

Platzer Swergold

Quinn Emanuel

Reed Smith

Simpson Thacher & Bartlett LLP

St John & St John

Whiteford Taylor

Willkie Farr

Wilson Browne Solicitors

Zaiwalla & Co

Zeisler & Zeisler

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Aldi GmbH & Co. KG

Amazon.com Inc.

American International Group Inc.

Banco Modal SA

Banco Votorantim SA

Bank of America Corp.

Bonobos

Bregal Investments Inc.

Comprehensive Healthcare

Harvard University

Heathrow Airport Holdings Ltd.

Jaguar Land Rover Ltd.

Johnson Controls International PLC

Kuwait Finance House KSC

Lambda Legal Defense & Educational Fund

London Stock Exchange Group PLC

Marks & Spencer

Mercedes-Benz USA LLC

Moelis & Co.

NASDAQ Inc.

New York University

OSI Systems Inc.

Pearson PLC

Princeton University

Rapiscan Systems Inc.

Reverence Capital Partners

Rolls-Royce Motor Cars

Simon Property Group Inc.

Solicitors Regulation Authority Ltd.

Starbucks Corp.

The Procter & Gamble Co.

Volkswagen AG

WHP Global

GOVERNMENT AGENCIES IN TODAY'S NEWS

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the Western District of Pennsylvania

U.S. Department of Labor

U.S. District Court for the Southern District of New York

United States Bankruptcy Court for the District of Connecticut