Large Cap

  • August 18, 2026

    Summer Camps' Owner Facing Liquidation, Claims Top $882M

    Michael Shabsels, one of the brothers who were in charge of a summer camp and real estate empire before it crashed in June, has two weeks to file financial information in his own Chapter 11 case or else face conversion to a Chapter 7 liquidation.

  • August 18, 2026

    Franchise Group Trust Seeks $700M Over Take-Private Deal

    The litigation trust created after Franchise Group Inc.'s bankruptcy on Tuesday sued the company's former CEO, advisers and others in the Delaware Chancery Court, accusing them of carrying out a fraudulent take-private deal that caused more than $700 million in damages.

  • August 18, 2026

    Salad And Go Can Hold October Ch. 11 Auctions For Leases

    A Texas bankruptcy judge agreed on Tuesday to approve bidding procedures for defunct drive-thru chain Salad and Go to hold Chapter 11 auctions in early October for some 82 leases in four states.

  • August 18, 2026

    Prince Global Liquidators Rip Appeal Of Ch. 15 Recognition

    The foreign representatives in charge of Prince Global Holdings have asked a New York federal judge to toss an appeal of an order granting the debtor Chapter 15 recognition, saying the man who mounted the challenge was not in a position to begin the appellate case.

  • August 18, 2026

    Coinbase Must Face Investor Suit Over SEC, Bankruptcy Risks

    A New Jersey federal judge on Tuesday denied Coinbase's latest bid to escape a proposed class action accusing it of misleading investors about risks tied to regulatory action and potential bankruptcy, ruling that it is "not difficult to infer" that the company and its leadership were financially motivated to deceive shareholders.

  • August 18, 2026

    2nd Circ. Lets Stand Cumulus' Nielsen Data Unbundling Order

    The Second Circuit declined Tuesday to reconsider a ruling that Nielsen cannot tie together sales of its local and national radio data, sustaining a win for the troubled Cumulus Media New Holdings Inc. even as the company tries to enforce the lower court's order against the ratings giant.

  • August 18, 2026

    Sandy Hook Families Say Alex Jones Co. Can't Dodge Bond

    Sandy Hook Elementary School massacre victims' families have asked the Texas Supreme Court to dissolve an appeals court order blocking a receiver from deploying the assets of Alex Jones' Free Speech Systems LLC, saying the company is stalling a $1.3 billion judgment collection effort without posting the required bond.

  • August 18, 2026

    Catching Up With New Bankruptcy Case Action

    Ice cream maker Rebel Creamery filed for Chapter 11 protection after rival Van Leeuwen won a $23.8 million judgment against the company, project development firm Tetrad Enterprises filed for bankruptcy in Puerto Rico amid creditor disputes over its flood control pump contracts, and California-based feedlot operator Phillips Cattle Co. entered Chapter 11 with over $10 million in liabilities.  Here are some of the latest insolvency filings from across the country.

  • August 18, 2026

    NJ Judge OKs Insurer Deal For $180M Diocese Abuse Fund

    A New Jersey bankruptcy judge on Tuesday approved a deal between the Roman Catholic Diocese of Camden, New Jersey, and a group of its insurers to create a $180 million fund to pay sexual abuse claims against the diocese.

  • August 18, 2026

    ​​​​​​​Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

  • August 18, 2026

    Petrochemical Co. Can Use $230M In Ch. 11 Funding

    A Texas bankruptcy judge on Tuesday agreed to allow Brazilian-Mexican petrochemical company Braskem Idesa SAPI to tap into $230 million of its new money debtor-in-possession funding as it prepares to collect votes on its Chapter 11 plan.

  • August 17, 2026

    Google To Pay $10M For Spirit Airlines Data To Help AI Models

    Technology giant Google LLC has won an auction for Spirit Airlines' emails, chats, spreadsheets and other data, offering $10 million for anonymized information it will use to improve its large language models and other products, according to a notice filed Friday in New York bankruptcy court.

  • August 17, 2026

    Imerys Says Talc MDL Ruling Shouldn't Delay Ch. 11 Plan OK

    Imerys Talc and Cyprus Mines have asked the Delaware bankruptcy court to reject calls by their insurance carriers to put off confirming their joint Chapter 11 plan so that the court could take into consideration a July ruling in the Johnson & Johnson talc multidistrict litigation.

  • August 17, 2026

    Dish Can Pay Off $2.75B Of Secured Notes Early In Ch. 11

    A Texas bankruptcy judge on Monday gave video distribution group Dish DBS Corp. the authority to pay off early some $2.75 billion in secured notes due in December, with debtor's counsel saying this will save some $400,000 a day in interest.

  • August 17, 2026

    Nussbaum-Linked Firms' Ch. 11s Tossed For Bad Faith

    A New York bankruptcy judge has dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding their petitions were filed in bad faith and that the cases instead belonged in an assignment for the benefit of creditors process in New York state court.

  • August 17, 2026

    Purdue Asks To Add To $1.2B Fees In Ch. 11 Case

    Purdue Pharma urged a New York bankruptcy judge Monday to add an ad hoc creditor group's more than $10.9 million in fees and expenses to the over $1.2 billion already paid to professionals on all sides of the company's massive Chapter 11 case.

  • August 17, 2026

    Summer Camp Sales, Bitcoin Depot Ch. 11 Plan OK'd

    A New Jersey judge gave the all-clear for the sale of dozens of summer camps, cryptocurrency kiosk operator Bitcoin Depot scored confirmation of its Chapter 11 plan, and Sidley Austin LLP was approved to represent nursing home company Genesis Healthcare in two adversary suits. This is the week in bankruptcy.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

    The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

  • August 14, 2026

    Cumulus Asks 2nd Circ. For Help With Nielsen Data Order

    Cumulus Media sought clarification Thursday from the Second Circuit on the timing of a district court order upheld last month barring Nielsen from conditioning access to national radio ratings data on buying Nielsen's local offerings, arguing that the ratings analytics company can't hold up obeying the injunction just because it's seeking reconsideration.

  • August 14, 2026

    Meet The Attorneys Cooking Up Salad And Go's Ch. 11

    Restaurant chain Salad and Go filed for bankruptcy protection in Texas this month with plans to close down and use proceeds from the sale of its assets, including leases to drive-thru locations, to repay creditors. Tossing up the Chapter 11 case is a team of Reed Smith attorneys.

  • August 14, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A Texas bankruptcy judge will consider bankrupt battery recycler Ascend Elements' Chapter 11 plan, Dish will try to snag the OK to pay off nearly $3 billion in secured notes, and the Diocese of Camden, New Jersey, is angling for a hearing to seek approval of insurer settlements.

  • August 14, 2026

    Judge Sends YSA's Ch. 11 To Oklahoma

    A Delaware bankruptcy judge on Friday ruled to transfer Miami-based private lender YSA Investments 1 LLC's Chapter 11 case to a bankruptcy court in Oklahoma, saying the venue should follow the Oklahoma-centered assets and tenants so that related disputes can be handled together in one convenient forum.

  • August 14, 2026

    Rising Star: Paul Weiss' John Weber

    John Weber of Paul Weiss Rifkind Wharton & Garrison LLP advised global communications software firm Mitel's $1.3 billion restructuring and Roomba maker iRobot's prepackaged Chapter 11 restructuring, which equitized approximately $265 million in debt, earning him a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.

Expert Analysis

  • Law School's Missed Lessons: Networking 101

    Author Photo

    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

    Author Photo

    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • The Biz Court Digest: How It Works In Massachusetts

    Author Photo

    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

    Author Photo

    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

    Author Photo

    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

    Author Photo

    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

    Author Photo

    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • Law School's Missed Lessons: Educating Your Community

    Author Photo

    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits

    Author Photo

    The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

    Author Photo

    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • $2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt

    Author Photo

    A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary.

  • It's Time For The Judiciary To Fix Its Cybersecurity Problem

    Author Photo

    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Recent Trends In Lending To Nonbank Financial Institutions

    Author Photo

    Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.