Large Cap

  • October 30, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A trustee overseeing equity assets from Rite Aid's last Chapter 11 urged a New Jersey bankruptcy judge to let him wind the trust down. Diamondhead Casino's president and Chapter 7 trustee fought over a meeting notice. And cheese maker Rizo-Lopez Foods asked to transition its Chapter 11 proceedings into a Chapter 7 case.

  • October 30, 2025

    Long Island Diocese Asks To Close Out Ch. 11 Case

    The Roman Catholic Diocese of Rockville Centre is asking a New York bankruptcy judge to close its five-year-old Chapter 11 case, saying it has fulfilled the conditions of its Chapter 11 plan and settlement payments are flowing to the hands of sexual abuse survivors.

  • October 30, 2025

    Meet The Examiner Probing Spirit's Quick Return To Ch. 11

    Marc J. Heimowitz has seen many times what creditors experience when an airline goes bankrupt, and his deep Wall Street experience analyzing distressed companies in the industry will help him in his new role as the examiner appointed to investigate the circumstances surrounding Spirit Airlines' second Chapter 11 filing in August, just over five months after it had exited its prior bankruptcy.

  • October 30, 2025

    Pension Fund Says Yellow Plan Can't Reserve Claim Argument

    A Teamsters pension fund is urging the Delaware bankruptcy court to reject Yellow Corp.'s liquidation plan, arguing the trucking company is reserving potential arguments against the fund's $17.8 million claim that have already been resolved and discharged.

  • October 29, 2025

    Judge Says He Will End Oakland Diocese Ch. 11 By Nov. 12

    A California bankruptcy judge said Wednesday he will grant a request by the Roman Catholic Diocese of Oakland to bow out of a Chapter 11 case it started two years ago by mid-November, but rejected calls from creditors to rule the bankruptcy had been filed in bad faith.

  • October 29, 2025

    Ga. Dorm Operator Gets Ch. 11 Disclosures OK'd

    The bankrupt operator of dormitories at nine Georgia universities received approval Wednesday from a Delaware judge for its Chapter 11 disclosure statement and vote solicitation procedures, after the company reached an agreement with the colleges' regulators over the assumption of student living contracts.

  • October 29, 2025

    Hertz Urges Del. Justices To Reverse $170M Insurance Ruling

    Hertz Corp. urged the Delaware Supreme Court Wednesday to overturn a lower court's ruling that freed the car rental giant's insurers from covering $170 million in false-arrest settlements, arguing the settlements all stemmed from a faulty theft-reporting system and trigger just one self-insured retention.

  • October 29, 2025

    Claire's Gets OK To Exit Ch. 11 After Sale To Ames Watson

    Jewelry retailer Claire's on Wednesday won a Delaware bankruptcy judge's approval of a plan to exit Chapter 11 after selling most of its North American business to private equity firm Ames Watson last month.

  • October 29, 2025

    Spirit Airlines Gets Final OK For $1.23B Ch. 11 Financing

    A New York bankruptcy judge gave final approval to Spirit Airlines' $1.23 billion Chapter 11 financing package, which includes $475 million of new money and a rollup of prepetition debt.

  • October 29, 2025

    Wind Co. Says Judge Lopez Doesn't Need To Recuse

    Bankrupt wind company TPI Composites Inc. has requested that U.S. Bankruptcy Judge Chris Lopez should continue to oversee its case, saying that he does not need to recuse himself just because he previously worked for the law firm that's representing the debtor.

  • October 29, 2025

    Catching Up With New Bankruptcy Case Action

    A Las Vegas arcade is seeking Chapter 11 protection in Nevada bankruptcy court. Two companies tied to the former Hudson Hotel near Manhattan's Columbus Circle filed for bankruptcy in Delaware. And a subprime auto loan company launched insolvency proceedings in Texas.

  • October 29, 2025

    Bankrupt Chinese Exile's Wife Fights Loss Of $7.25M Mansion

    The wife of Chinese exile and convicted fraudster Miles Guo is appealing a Connecticut federal judge's decision to include a $7.25 million Greenwich mansion in her husband's Chapter 11 estate, court records show.

  • October 29, 2025

    The Retail Property Sector Is Shedding Its Old Skin

    The recent spate of big-box stores going bankrupt is a sign the sector is changing for the better and not cause for alarm for retail property investors and owners, attorneys and market experts told Law360 Real Estate Authority.

  • October 28, 2025

    US Trustee Objects To Azul Ch. 11 Plan Releases

    The U.S. Trustee's Office is asking a New York bankruptcy judge to reject Brazilian airline Azul's Chapter 11 plan disclosure, saying it contains inadequate information on a plan rendered unconfirmable by its third-party releases.

  • October 28, 2025

    Modivcare Creditors Balk At UnitedHealthcare Settlement

    Modivcare's unsecured creditors committee has objected to the medical transport company's proposed settlement with UnitedHealthcare, saying it isn't yet clear if Modivcare and the health insurance giant will part ways permanently.

  • October 28, 2025

    Spirit's Creditors Committee Backs Final DIP After Concession

    A group of creditors for Spirit Airlines have told a New York bankruptcy court they now support the budget air carrier's request for debtor-in-possession financing on a final basis, after the debtor agreed to modify several key terms, including lowering the portion of existing debt to be converted into new priority DIP loans.

  • October 28, 2025

    Pages From Bankruptcy History: Chapter 15's Origins

    Chapter 15 of the Bankruptcy Code, which allows U.S. courts to recognize foreign bankruptcies, turns 20 years old this year, an anniversary that marks how far the courts have come since replacing a makeshift jumble of laws with a streamlined system.

  • October 28, 2025

    Jackson Walker Atty Romance Deal Blasted As 'Collusion'

    A proposed settlement between Jackson Walker LLP and defunct life insurance bond seller GWG Holdings Inc. over a former Jackson Walker partner's secret romance with an ex-bankruptcy judge should be rejected because the deal "smacks of collusion," according to a recent objection.

  • October 27, 2025

    Venezuelan Oil Company Looks To Pause $3B Bond Ruling

    A subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently alter its business by taking away its "sole meaningful asset": the oil giant Citgo.

  • October 27, 2025

    Tricolor Ch. 7 Trustee Gets OK To Pay Debtor's Insurers

    The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings can access about $275,000 in deposited checks at its headquarters to make late insurance payments, a Texas bankruptcy judge said at an emergency hearing Monday.

  • October 27, 2025

    Meet The Attorneys For Broadband And Carriox's Ch. 11s

    A team of attorneys from Klestadt Winters Jureller Southard & Stevens LLP is guiding the Chapter 11 bankruptcies of six affiliates of telecommunications financing provider Carriox Capital.

  • October 27, 2025

    Chancery Lets J&J, Dow Fight To Save Asbestos Data

    The Delaware Chancery Court has refused to toss a suit by Johnson & Johnson, Dow Chemical and other major asbestos-defendant companies that are seeking to block a set of bankruptcy trusts from destroying decades of exposure data.

  • October 27, 2025

    LifeScan Gets Final OK On Ch. 11 Plan After Deal With PBMs

    A Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing the glucose-monitor maker to complete a deal to cut about $1.4 billion of debt.

  • October 27, 2025

    Willkie Taps Longtime Kirkland Atty To Lead Restructuring

    Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.

  • October 27, 2025

    Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd

    Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.

Expert Analysis

  • Special Committees Gain Traction In Chapter 11 Investigations

    Excerpt from Practical Guidance
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    Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.

  • Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.

  • Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

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