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Expert Analysis

Bankruptcy Decision Exemplifies Venue Issue For Franchisees

A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on ass... (more story)

Lawyers With Disabilities Are Seeking Equity, Not Pity

Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear... (more story)

Judicial Committee Best Venue For Litigation Funding Rules

The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclo... (more story)

Large Cap More

True Value Hammers Out Deal To Fund Ch. 11, Speed Up Sale

After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with member-owned ha... (more story)

Terraform Ch. 11 Trust Gets OK For $45M Crypto Deal

A bankruptcy judge in Delaware has approved a settlement among the wind-down trust created through the Chapter 11 plan of defunct cryptocurrency firm Terraform Labs, the company's co-founder, the Luna Foundati... (more story)

The 2024 Law360 Pulse Leaderboard

Check out the Law360 Pulse Leaderboard to see which firms made the list of leaders in all-around excellence this year.

Firms' Hiring Strategies Are Evolving In Fight For Top Spot

Competition for top talent among elite law firms shows no signs of slowing down, even amid economic uncertainty, with financially strong firms deploying aggressive strategies to attract and retain skilled prof... (more story)

MVP: Fried Frank's Rachel C. Strickland

Rachel C. Strickland, partner and global chair of the restructuring department at Fried Frank Harris Shriver & Jacobson LLP, represented two Georgia election workers in a bankruptcy lawsuit against Rudolph W. ... (more story)

Mallinckrodt Trustee Inks Deal To Shrink Drug Price Claims

The trustee overseeing a pool of funds to pay creditors of Mallinckrodt plc has reached a deal to slash more than $331 billion of purported claims from insurers down to $6.7 million in the drugmaker's first bankruptcy case.

Conn's Seeks Hearing Next Week On Ch. 11 Asset Sale

Counsel for retail chain Conn's told a Texas bankruptcy judge Wednesday that no one has beaten the $360 million baseline bid for its assets from debt collector Jefferson Capital Systems and asked for a hearing... (more story)

Judge Orders NY Diocese To Hash Out Ch. 11 Insurer Deal

Long Island's Roman Catholic diocese must meet with its insurers Thursday to sort out the remaining details of their settlement, a New York bankruptcy judge said Wednesday, making clear he expected urgent work... (more story)

Ex-LNG Contractor Not Entitled To Insurance Proceeds

A Texas bankruptcy judge has told a former contractor at a liquid natural gas facility project it is not entitled to insurance recoveries or fund distributions from the joint venture it entered Chapter 11 to exit.

J&J Talc Unit's Ch. 11 Headed For January Confirmation

A Texas bankruptcy judge approved a case management order Wednesday that puts the Chapter 11 proceedings of Johnson & Johnson's talc unit on track for January hearings over a prepackaged plan that will address... (more story)

Mid Cap More

PureGym's $121M Bid For Blink Fitness Tops Ch. 11 Auction

Troubled gym chain Blink Fitness has informed the Delaware bankruptcy court that a unit of U.K.-based global gym operator PureGym Ltd. was the successful bidder in the insolvent company's Chapter 11 asset auct... (more story)

Judge Upholds Sanctions Against Ex-Stimwave CEO

A Delaware federal judge has upheld a decision by the bankruptcy judge overseeing the Chapter 11 case of medical device maker Stimwave Technologies to screen the filings of the company's ex-CEO and two of her relatives.

Conn. Firm Beats Ex-Client's Negligence, Conversion Claims

Connecticut law firm Evans & Lewis PC and partner Douglas J. Lewis have prevailed in a professional negligence lawsuit in state court alleging that their incompetence caused a former client's home to go into f... (more story)

BurgerFi Secures $54M Purchase Offer In Ch. 11

Bankrupt burger and pizza restaurant operator BurgerFi International Inc. announced its major senior secured lender as the winner of its asset sale — a credit bid for $54 million.

Calif. Panel Axes $10.6M Abex Asbestos Verdict

A California appellate panel has thrown out a $10.6 million asbestos verdict against Pneumo Abex LLC and ordered a new trial, finding that the trial court erred in granting a directed verdict that rejected the... (more story)

Equifax Doesn't Report Ch. 7 Discharges, Suit Says

Credit reporting bureau Equifax was recently hit with a proposed class action accusing it of failing to note discharged debts when debtors converted their bankruptcy cases from Chapter 13 to Chapter 7.

Implant Maker Exactech Can Tap $85M DIP After Cutting Fees

A Delaware bankruptcy judge on Wednesday cleared medical implant manufacturer Exactech Inc. to borrow a portion of $85 million in bankruptcy funding being provided by existing lenders, after the company agreed... (more story)

Toolmaker Hardinge Cleared To Send Ch. 11 Plan For A Vote

Hardinge Inc., a New York-based tool manufacturer, received a Delaware bankruptcy judge's permission Wednesday to send its Chapter 11 wind-down plan off to a creditor vote, while the debtor and its official co... (more story)

Nuclear Energy Co. To Tap $10M Of $23M DIP

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.

Canadian Lender Seeks Ch. 15 With Wind-Down Or Sale Plans

A Toronto-based specialty lender and 13 affiliates filed for Chapter 15 recognition of their Canadian insolvency proceedings on Wednesday, with Chesswood Group Ltd. blaming a rise in interest rates and U.S. re... (more story)