Large Cap
-
October 02, 2025
Wind Co.'s Pre-Ch. 11 Uptier Deal Draws Suit From Creditors
The official committee of unsecured creditors in the Chapter 11 of wind turbine blade maker TPI Composites has brought an adversary action against the debtor in Texas bankruptcy court, alleging a prepetition uptier transaction made preferred equity holder Oaktree a secured creditor to the detriment of unsecured noteholders.
-
October 02, 2025
Attys Get Mixed NJ Discipline After Fraud Convictions
The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his old firm, according to filings issued Thursday.
-
October 01, 2025
Coinbase Gets Securities Suit Over Biz Risks Trimmed
A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed.
-
October 01, 2025
Reed Smith Seeks 2nd Circ. Help Over Eletson Orders
Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers representing the company's new owners, saying Eletson's bankruptcy plan has not validly taken effect.
-
October 01, 2025
PG&E Brass, Underwriters Get Investors' Wildfire Suit Tossed
A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by PG&E officials about the utility's safety practices, but said they could try a fifth time.
-
October 01, 2025
First Brands Can Tap $1B DIP As It Seeks Stability In Ch. 11
A Texas bankruptcy judge Wednesday gave interim approval to car parts maker First Brands' $1.1 billion debtor-in-possession loan, freeing up $500 million in funds, after a stalled refinancing and limited liquidity pushed it to Chapter 11.
-
October 01, 2025
Alex Jones Ch. 7 Stay Doesn't Protect Co. Assets, Judge Says
The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, Free Speech Systems.
-
October 01, 2025
Meet The Attorneys Guiding Parts Maker First Brands' Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Michigan-based auto parts maker First Brands Group LLC as the company seeks to restructure more than $10 billion in debt.
-
October 01, 2025
Conn. Diocese Attys Slam US Trustee's $3.1M Fee Complaint
The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined professional fees were not actual, necessary and reasonable in light of a mediator's efforts.
-
October 01, 2025
Genesis Healthcare Sues HHS To Halt Ala. Facility Closure
Genesis Healthcare has filed an adversary complaint against the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services as it seeks to keep open an Alabama skilled nursing facility that the government is trying to shut down.
-
October 01, 2025
Hub Hires: Morgan Lewis, WilmerHale, Simpson Thacher
Other than the Red Sox and a few muggy late summer days, few things were hotter in September than the Boston legal market. Morgan Lewis made four lateral hires, WilmerHale welcomed back an experienced life sciences attorney, and Simpson Thacher snagged a former Goodwin banking lawyer.
-
September 30, 2025
McKinsey Trims Endo Suit But Can't Nix Indemnification Claim
A New York bankruptcy judge trimmed an adversary suit Monday claiming McKinsey & Co. Inc. should pay at least $1.5 billion to cover costs bankrupt pharmaceutical developer Endo International racked up defending against opioid claims, tossing nearly all allegations with leave to amend, but greenlighting an indemnification claim.
-
September 30, 2025
Auto Parts Maker First Brands Probes Invoice Deals
First Brands, an automotive parts producer that recently launched a Chapter 11 case with more than $10 billion of debt, has said it launched an investigation into transactions the company entered to secure liquidity.
-
September 30, 2025
Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims
The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.
-
September 30, 2025
HSBC Gets $324M Claims Tossed In Row With Madoff Trustee
A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.
-
September 30, 2025
Catching Up With New Bankruptcy Case Action
An auto parts maker commenced a Chapter 11 case with more than $10 billion of debt. An educational technology company is seeking to sell its assets in bankruptcy to cover more than $1 billion in obligations. And two single-asset real estate firms filed for bankruptcy protection as they faced foreclosure or default actions from lenders.
-
September 30, 2025
Spirit Lines Up $475M DIP, Expects $150M From AerCap Deal
Spirit Airlines has lined up $475 million in Chapter 11 financing, its attorney told a New York bankruptcy judge Tuesday at a hearing in which he also shared that its largest lessor, AerCap, would be giving the debtor $150 million in cash as part of a recently announced deal.
-
September 30, 2025
Meet The New Acting US Trustee For Indiana, Illinois
Monica Kindt has been named by Attorney General Pamela Bondi as the acting U.S. Trustee for Indiana and for the Central and Southern Districts of Illinois, Region 10, succeeding Nancy J. Gargula, who retired after more than two decades of service to the U.S. Trustee Program.
-
September 30, 2025
Education Tech Co. Anthology Hits Ch. 11 With Over $1B Debt
Anthology Inc., a software company in the educational technology space, filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt, saying it intends to sell parts of its business and restructure the rest.
-
September 30, 2025
Retailer At Home Gets OK For Equity Swap Ch. 11 Plan
A Delaware bankruptcy judge Tuesday said she would approve household furnishings retailer At Home Group Inc.'s plan to cut $1.6 billion in funded debt with an equity swap the company said was supported by nearly all creditors.
-
September 29, 2025
Supreme Court Considers 7 Patent Petitions
The U.S. Supreme Court held its first conference Monday, presenting the justices with several petitions of interest to patent practitioners before the court's new term kicks off next week.
-
September 29, 2025
In Chancery, Bankrupt First Brands Accused Of Deal Breach
Automotive manufacturer Grammer Inc. filed a suit in the Delaware Chancery Court accusing APC Parent LLC and guarantor First Brands Group, which filed for Chapter 11 protection on Sunday, of breaching multiple agreements and withholding more than $20 million in payments involved with a $40 million merger.
-
September 29, 2025
Cayman Liquidators Lack Standing On All Claims In SVB Case
A New York bankruptcy judge Monday found the liquidators of Silicon Valley Bank's Cayman Islands branch lacked standing in their bid to bring some $944 million in claims, ruling that the officials failed to timely file adversary complaints and proofs of claim in the case.
-
September 29, 2025
Genesis Healthcare Gets Reprieve At Alabama Nursing Facility
A Texas bankruptcy judge Monday gave Genesis Healthcare Inc. up to 15 more days of breathing room to deal with issues at an Alabama skilled nursing facility that the government has been trying to shut down.
-
September 29, 2025
Spirit Airlines Settles With AerCap, Dr. Phil Defends Layoffs
Spirit Airlines reached a global settlement with its largest lessor, AerCap, clearing a major hurdle in its second Chapter 11 case. 23andMe received a Missouri bankruptcy court's approval to include up to $86.5 million in data breach settlements in its Chapter 11 plan. Dr. Phil defended layoffs at his joint venture with Trinity Broadcasting, saying the job cuts were necessary due to financial constraints. And FTX's recovery trust sued Genesis Digital Assets to reclaim more than $1 billion the cryptocurrency exchange invested in it before bankruptcy.
Expert Analysis
-
Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
-
A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
-
FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
-
Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
-
Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.
-
Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
-
The Challenges Of Abandoned Retirement Plans In Ch. 7
The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.
-
Circus Arts Make Me A Better Lawyer
Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.
-
When Investigating An Adversary, Be Wary Of Forged Records
Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.
-
3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
-
The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
-
So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
-
A Strategic Checklist For Bankruptcy Motion Objections
Excerpt from Practical Guidance
Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.