Bankruptcy

  • May 27, 2022

    9th Circ. Halts Blackfeet Tribe's Fight With Bankrupt Campsite

    The Ninth Circuit has granted an automatic stay of a dispute between a campsite operator and the Blackfeet Nation, saying the halt in proceedings was triggered by the company's notice of bankruptcy.

  • May 27, 2022

    Blank Rome Adds Finance, Deals Partner In Chicago Office

    Blank Rome LLP has added as partner a finance and transactions attorney to its Chicago office who has experience advising financial institutions and large companies. 

  • May 27, 2022

    Rockall Energy Cancer Plaintiff Seeks Lift Of Ch. 11 Stay

    A state court plaintiff alleging her esophageal cancer was caused by affiliates of bankrupt Rockall Energy Holdings LLC asked a Texas judge on Friday to lift the automatic stay that came with the company's Chapter 11 filing so she can pursue her claims to a final judgment.

  • May 27, 2022

    Limetree Bay Reaches Ch. 11 Deal On OSHA Penalties

    The former owner of a St. Croix oil refinery has received court approval for an agreement with the Occupational Safety and Health Administration that resolves a series of penalties assessed against debtor Limetree Bay Refining before it commenced its Chapter 11 case.

  • May 27, 2022

    Pareteum Says It Faces Six-Week Deadline For Ch. 11 Sale

    A New York bankruptcy judge struck a compromise Friday, delaying for the weekend a decision on sale plans for telecom software maker Pareteum Corp., as creditors questioned the short sale timeline but the debtor argued it only has six weeks before it loses its officers.

  • May 26, 2022

    Landlord Asks For Loss Protection In Senior Home Ch. 11

    The landlord of the bankrupt Edgemere retirement community in Dallas asked a Dallas bankruptcy judge Thursday to find it has an interest in its 400 housing units and that it should get guarantees against the risk the debtor will allow the property to drop in value.

  • May 26, 2022

    Dutch Lien On MD Helicopters' Factory Denied In Ch. 11

    A Delaware bankruptcy judge ruled Thursday that a $16.1 million judgment lien held by the Dutch government against bankrupt aviation company MD Helicopters did not attach to the debtor's manufacturing facility in Arizona, saying state law there classified leasehold interests as personal property rather than real property.

  • May 26, 2022

    Armstrong Flooring Gets OK For Ch. 11 Auction In June

    A Delaware bankruptcy judge approved Armstrong Flooring's plans to put its assets on the block by the end of next month after hearing the manufacturer had resolved all objections to the proposed short-deadline Chapter 11 sale.

  • May 26, 2022

    Alston & Bird Adds Bankruptcy Partners From Gibson Dunn

    Alston & Bird LLP announced recently that two experienced bankruptcy attorneys have joined the firm's New York office as partners to bolster its financial restructuring and reorganization group.

  • May 26, 2022

    Chamberlain Hrdlicka Grows Houston Office With 8 Attys

    Tax-focused firm Chamberlain Hrdlicka White Williams & Aughtry PC announced a major expansion of its Houston office, adding eight attorneys in a wide range of practice areas including bankruptcy, labor and employment, tax planning, and trusts and estates.

  • May 25, 2022

    China's HNA Group On Hook For $184M Skyscraper Award

    Affiliates of New York commercial office space giant SL Green Realty Corp. are owed $184.5 million by failing Chinese conglomerate HNA Group International Ltd. over an investment in a bankrupt New York office tower SL Green invested in several years ago.

  • May 25, 2022

    Exiled Chinese Billionaire, Lender Ask For Ch. 11 Exit

    Exiled Chinese billionaire Ho Wan Kwok and the lender who has pursued him for years for repayment of a $28 million loan found themselves on Wednesday pulling in the same direction, with both asking a Connecticut bankruptcy judge to dismiss Kwok's Chapter 11 case.

  • May 25, 2022

    No Cause To Revive Atty's Defamation Suit, Del. Justices Told

    Counsel for an attorney accused of falsely branding another lawyer a racist because of his "white skin and Christian religion" told Delaware's Supreme Court on Wednesday that a defamation suit filed by the subject of the comments shouldn't be revived.

  • May 25, 2022

    Non-Atty Debtor Advice Co. Shielded From NY Prosecution

    Legal nonprofit Upsolve will be allowed to give advice to low-income debtors without fear of prosecution for practicing law without a license, a New York federal judge ruled Wednesday, saying the organization's activity is First Amendment-protected speech.

  • May 25, 2022

    3rd Circ. Finds No Conflict In Sidley Repping Scouts, Insurers

    Sidley Austin LLP was not conflicted when it represented the Boy Scouts of America in bankruptcy proceedings despite also representing the organization's liability insurers, the Third Circuit has ruled.

  • May 24, 2022

    Brazos Wants To Set Trial Date On ERCOT $1.9B Ch. 11 Claim

    Bankrupt power provider Brazos Electric Power Cooperative Inc. told a Texas judge Tuesday that it wants to set a date for a trial over the $1.9 billion claim asserted by the Electric Reliability Council of Texas to resume even as mediation among the various parties is ongoing, saying it needs to move its case forward.

  • May 24, 2022

    2nd Circ. Case's Relevance Disputed In $1.4B Award Fight

    Luxembourg-based steelmaker ArcelorMittal on Monday rebutted arguments by Essar Group that a recent Second Circuit decision sending a dispute over a canceled $1.1 billion power plant project to Angola supports the Indian conglomerate's bid to toss litigation filed by the steelmaker to enforce a $1.4 billion arbitral award.

  • May 24, 2022

    Legislators Add Condo Reforms To Special Session Agenda

    Florida legislators opted Tuesday to again attempt to pass reforms to the Florida Condominium Act meant to prevent another collapse like that of Champlain Towers South, expanding the weeklong special session on property insurance to include a bill that would implement regular building inspections statewide and require condominium associations to maintain reserves.

  • May 24, 2022

    Mass. Power Plant, Contractor Strike Deal On Ch. 11 Discovery

    Massachusetts power plant Salem Harbor Power Development told a Delaware bankruptcy judge Tuesday it will let a contractor take discovery into whether it has claims against managers or shareholders for the events leading to the contractor's $237 million arbitration award.

  • May 24, 2022

    Lantern Says Yucaipa Hiding Docs In Weinstein Co. Sale Row

    Lantern Asset Management's attorney complained to a California judge Tuesday that investor Ron Burkle's Yucaipa Companies is hiding financial documents requested while defending against Yucaipa's lawsuit over Lantern's purchase of The Weinstein Co.'s assets and is unwilling to go under oath about them, which he called "a big red flag."

  • May 24, 2022

    Committee Pros Approved In J&J Talc Unit's Ch. 11 Case

    A New Jersey bankruptcy judge approved the retention of several advisory firms to work on behalf of the claimant committee in the Chapter 11 case of Johnson & Johnson's bankrupt talc unit Tuesday, saying a court-appointed fee examiner would determine if their work was necessary or duplicative.

  • May 24, 2022

    Week In Bankruptcy: Dioceses Settle; Wind-Downs Reined In?

    Three Roman Catholic dioceses are pushing for approvals of settlements for hundreds of sexual abuse claims in bankruptcy courts, a Delaware state court judge denied a litigation stay in a nonbankruptcy wind-down case, potentially signaling a crackdown, and Purdue Pharma executives got their bonuses approved. This is the week in bankruptcy.

  • May 24, 2022

    Tool Co., Travelers Settle Fraud Coverage Suit

    A toolmaker dropped its suit against Travelers seeking coverage related to fraud allegations involving a $40 million patent suit, after the sides told a Texas federal court they reached a settlement.

  • May 24, 2022

    Coffee Chain Accused Of Flouting Pittsburgh Library Lease

    The Carnegie Library of Pittsburgh is seeking to evict a local coffee chain from its main library, citing failures to follow the terms of its lease after the company emerged from bankruptcy and pandemic-related closures, according to filings in Pennsylvania state court.

  • May 24, 2022

    Judge Raises Payout To Unit Owners Amid $1B Surfside Deal

    The Florida state court judge overseeing consolidated litigation over the collapse of the Champlain Towers South condominium in Surfside agreed Tuesday to increase the payouts to unit owners now that a recently announced $1 billion settlement will provide a better recovery for victims than initially expected.

Expert Analysis

  • What A Crypto Exchange Bankruptcy Filing Could Look Like

    Author Photo

    There is growing concern regarding how customers of cryptocurrency exchanges will be treated if an exchange commences bankruptcy proceedings as crypto prices fall, which means customers should take proactive measures to protect their assets, say Darren Azman and Gregg Steinman at McDermott.

  • Opinion

    ABA Isn't Giving Up On Diversity Efforts By Ending CLE Rule

    Author Photo

    While some view the American Bar Association’s elimination of continuing legal education diversity requirements as capitulating to a Florida Supreme Court decision against the mandate, it was a strategic decision to serve Florida members while improving diversity, equity and inclusion efforts in other ways, says Tiffani Lee at Holland & Knight.

  • Lateral Candidate Screening Steps To Prevent Bad Behavior

    Author Photo

    Bullying and harassment are among the root causes of stress, anxiety and substance abuse in the legal profession, so law firms should take four actions to effectively screen lateral candidates and ensure they are not recruiting individuals who could jeopardize the well-being of their people, says Michael Ellenhorn at Decipher.

  • A Look At The Legal Profession Since Murder Of George Floyd

    Author Photo

    Little has changed for Black attorneys since law firms promised to combat discrimination within the profession following George Floyd's murder, but on this second anniversary of his death, law firms can recommit by adopting specific strategies that set their Black lawyers up for success, say Lisa Davis and Khasim Lockhart at Frankfurt Kurnit.

  • Opinion

    NY Ruling Correctly Deems Legal Finance Docs Irrelevant

    Author Photo

    A New York appeals court's recent decision in Worldview Entertainment v. Woodrow joins a growing trend of decisions denying discovery of litigation funding documents, highlighting that commercial legal finance should be treated just like any other financing in commercial litigation, says Andrew Cohen at Burford Capital.

  • What Sanctions Mean For Funds' Subscription Credit Facilities

    Author Photo

    Given the unprecedented wave of sanctions against wealthy Russian oligarchs, lenders should be aware of the complex questions regarding funds' subscription credit facilities that can arise when an investor is sanctioned, say attorneys at Haynes and Boone.

  • Perspectives

    We Can't Rely On Lawyers For Every Justice Need

    Author Photo

    The Southern District of New York, which recently heard arguments in Upsolve and John Udo-Okon v. New York, has the opportunity to increase access to justice by allowing nonlawyers to provide legal help, shifting the focus from credentials to substantive outcomes, says Rebecca Sandefur at Arizona State University.

  • Overcommunicate With Your Summer Associates This Year

    Author Photo

    2022 summer associates have had limited opportunities for professional interactions due to the pandemic, so supervising attorneys should prioritize intentional overcommunication by emphasizing importance of tone and content of emails, sharing feedback immediately, and more, says Julie Schrager at Faegre Drinker.

  • Nev. Case Highlights Settlement Authority Dilemmas For Cos.

    Author Photo

    A Nevada federal court's recent decision in Ceja v. The Vons Companies illustrates the pitfalls of misinterpreting a court order requiring a representative with full settlement authority to be present at negotiations, and is a reminder to consider that courts differ as to what full settlement authority means in practice, says Richard Mason at MasonADR.

  • The Fastest Federal Trial Courts: A Look At Virginia, Florida

    Author Photo

    The Eastern District of Virginia rocket docket and the Northern District of Florida were last year’s fastest civil trial courts in the nation, and interviews with two of their judges reveal they have some of the same practices to keep litigation moving efficiently, says Robert Tata at Hunton.

  • Tips For Evaluating Machine Learning For Contracts Review

    Author Photo

    Law firms considering machine learning and natural language processing to aid in contract reviews should keep several best practices in mind when procuring and deploying this nascent technology, starting with identifying their organization's needs and key requirements, says Ned Gannon at eBrevia.

  • How To Efficiently Deploy Your Professional Growth Strategy

    Author Photo

    Lana Manganiello at Equinox Strategy Partners discusses how time-strapped legal professionals can efficiently implement a professional growth framework by focusing on only the most effective actions to build the reputation and relationships key to their ideal practice.

  • How The Tribune Cases Will Affect Fraudulent Transfer Claims

    Author Photo

    Although the U.S. Supreme Court declined to review the Tribune bankruptcy cases, the Second Circuit's decisions leave behind a lasting precedential legacy — especially regarding Bankruptcy Code Sections 546(e) and 548(a)(1)(A) — that will play an important role in future fraudulent transfer cases, say attorneys at Seward & Kissel.

  • A 6-Step Framework For Legal Industry Professional Growth

    Author Photo

    Lana Manganiello at Equinox Strategy Partners discusses how implementing a professional growth framework will help legal professionals gain expertise in a relevant niche to build credibility, focus marketing efforts and build an ideal practice.

  • Why Contempt May Be Apt Punishment For High Court Leaker

    Author Photo

    Contempt of court is an overlooked but potentially effective tool to punish whoever leaked the draft opinion overruling Roe v. Wade and protect the integrity of the U.S. Supreme Court, says Michael Zuckerman at Zuckerman Dispute Resolution.

Want to publish in Law360?


Submit an idea
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!