Large Cap

  • May 01, 2025

    Gol Linhas, Noteholders Ink $125M Ch. 11 Exit Finance Deal

    Brazilian budget airline Gol Linhas announced Thursday it struck a deal in which a group of its noteholders agreed to reverse its opposition to the company's restructuring proposal and supply an additional $125 million in financing when the debtor exits Chapter 11.

  • April 30, 2025

    Hearthside Says HQ Landlord Reneged On New Terms

    Snack maker Hearthside Food Solutions filed an adversary complaint against the landlord of its Illinois headquarters, arguing that the landlord is reneging on a last-minute deal it reached to remain at the headquarters.

  • April 30, 2025

    Judge Will OK Wellpath's Ch. 11 Plan Over Release Objections

    A Texas bankruptcy judge said Wednesday he will confirm prison healthcare company Wellpath's Chapter 11 plan over objections after the debtor achieved a global settlement and agreed to additional changes, saying he was convinced the plan offered the best outcome.

  • April 30, 2025

    Judge Rejects $5M Fee Bid In Prospect Medical's Ch. 11

    Bankruptcy Code provisions that allow creditors who make substantial contributions to be reimbursed for costs don't cover Prospect Medical's pre-Chapter 11 investment banker, a Texas bankruptcy judge said Wednesday, rejecting a finance firm's bid for a $5 million sale fee.

  • April 30, 2025

    Shareholders Push For Conversion Of Yellow Corp.'s Ch. 11

    A group of shareholders and unsecured creditors that previously supported the effort of bankrupt trucking company Yellow Corp. to implement a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge late Tuesday to instead convert the case to a Chapter 7 liquidation.

  • April 30, 2025

    NY Diocese, Lloyd's Of London End Sex Abuse Coverage Suit

    Lloyd's of London underwriters and the Roman Catholic Diocese of Rockville Centre agreed to end a dispute over the payment of defense expenses related to sexual abuse claims against the diocese, according to a New York federal court filing entered Wednesday, months after the Catholic organization confirmed a Chapter 11 bankruptcy plan. 

  • April 30, 2025

    Eletson Investor Says Court Can't Impose $5K Daily Fine

    A former shareholder of Greek shipping group Eletson Holdings urged a New York bankruptcy judge on Wednesday to ax an order that slapped a $5,000 daily fine on the investor for apparently obstructing a Chapter 11 reorganization plan approved by the court last year.

  • April 30, 2025

    Steward Health Ch. 11 Plan Deal Would Fund Insider Suits

    Hospital chain Steward Health is preparing to wrap up its decade and a half in existence, saying it has reached a deal with its lenders that allowed it to file a wind-down plan with a Texas bankruptcy court that will let it pursue potential claims against former management.

  • April 29, 2025

    FTX Ch. 11 Trust Asks To Keep Customer Info Confidential

    In a just-under-the-wire move, the FTX bankruptcy recovery trust has sought a seventh extension for a mid-2023 ruling by the U.S. Bankruptcy Court for the District of Delaware allowing confidential treatment of its 9 million customers' information, citing the data's continued value to the estate.

  • April 29, 2025

    After High Court Reversal, 4th Circ. OKs Asbestos Ch. 11 Plan

    The Fourth Circuit upheld on Tuesday the Chapter 11 bankruptcy plan for Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc., which have faced a raft of asbestos injury claims, agreeing with lower courts that the plan was reached in good faith despite one insurer's objections.

  • April 29, 2025

    Catching Up With New Bankruptcy Case Action

    A biotechnology firm that develops specialized molecules called it quits after 24 years. Two memory care facilities hit Chapter 11, marking the second and third such operations in their owner's portfolio to do so in less than a year. And an Italian restaurant chain headed back to bankruptcy court for its third time.

  • April 29, 2025

    Joann Floats $1.3M Ohio Closure Deal With Union Workers

    Bankrupt crafting supply seller Joann Inc. proposed a deal on Monday with unionized workers at an Ohio distribution facility that will pay $1.3 million in severance and unused time-off payments for staying at work until the facility is closed.

  • April 29, 2025

    ABI Meeting Tackles Economy, Real Estate And AI

    From commercial real estate distress and artificial intelligence in billing to current economic uncertainty, the American Bankruptcy Institute's annual spring meeting brought together lawyers, judges, scholars, financial professionals and others to discuss a range of topics.

  • April 29, 2025

    Alex Jones Wants High Court Look At $1.3B Sandy Hook Case

    Bankrupt Infowars host Alex Jones will ask the U.S. Supreme Court to invalidate a mammoth libel judgment that families of Sandy Hook shooting victims secured against him and his company over his conspiratorial broadcasts calling the massacre a hoax, he told a Connecticut appellate court in seeking to extend a pause on the payout.

  • April 29, 2025

    Pa. Attorney Gets 1 Year In Prison For Bankruptcy Fraud

    A suspended attorney in the Philadelphia suburbs has been sentenced to a year and a day in prison after being convicted by a federal jury of participating in fraudulent schemes that involved stealing a house from a deceased couple's family.

  • April 29, 2025

    $10M Brown Rudnick Deal With Guo Trustee Gets Judge's OK

    A Connecticut bankruptcy judge on Tuesday approved a $10 million deal between Miles Guo's Chapter 11 trustee and the Chinese exile's onetime attorneys at Brown Rudnick LLP, and greenlighted 10 lesser settlements with other firms and luxury retailer Versace.

  • April 28, 2025

    Exela Strikes Noteholder Deal To Restructure $1.25B Debt

    Bankrupt units of business automation group Exela Technologies Inc. have reached a deal with most of the holders of its $1.25 billion in debt to swap its debt for equity and be acquired by a European indirect subsidiary.

  • April 28, 2025

    Imerys Halts Ch. 11 Trial Over Foreign Claimant Issues

    Bankrupt talc suppliers Imerys Talc America and Cyprus Mines Corp. and parties supporting their Chapter 11 plan to deal with asbestos injury claims unexpectedly announced Monday they wanted to halt the plan confirmation proceedings, following more than four days of evidence, citing issues surrounding the treatment of foreign claims against the debtors.

  • April 28, 2025

    Imerys Ch. 11 Trial Abruptly Paused, Celsius Seeks Sanctions

    Talc producer Imerys is nearing Chapter 11 plan confirmation after a trial commenced; a plan administrator for Celsius moved to impose sanctions in another crypto firm’s bankruptcy; and Prospect Medical secured court approval to close two facilities.

  • April 28, 2025

    Ligado's Post-Ch. 11 5G Plans Violate Contract, Inmarsat Says

    Satellite telecommunications firm Inmarsat has urged a Delaware bankruptcy judge to reject a proposed deal for telecommunications group Ligado Networks to develop a space-based 5G network with a fellow broadband company once Ligado emerges from Chapter 11.

  • April 28, 2025

    Syracuse Diocese Strikes $61M In Deals With Insurers

    The Roman Catholic Diocese of Syracuse informed a New York bankruptcy judge that it has reached nearly $61 million in settlements with its insurance carriers to fund a trust for child sexual abuse claims in the diocese's Chapter 11 plan.

  • April 28, 2025

    Gibson Dunn Bankruptcy Pro Joins Cleary In NY

    A former Gibson Dunn & Crutcher LLP attorney known for his work on high-profile restructurings has joined Cleary Gottlieb Steen & Hamilton LLP's New York office as a partner, the firm announced Monday.

  • April 28, 2025

    'Chicken Soup' Parent, Investor Settle Mismanagement Suit

    Chicken Soup for the Soul Holdings LLC has reached a settlement with a corporate investor that accused the Redbox owner and publisher of self-help books of mismanagement prior to a subsidiary's Chapter 7 liquidation.

  • April 25, 2025

    Real Estate Recap: Q1 Hospo Deals, Data Center Speculation

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including the law firms that guided the largest global hospitality mergers and acquisitions of the first quarter, and how local utilities are attempting to weed out data center speculators.

  • April 25, 2025

    CFPB Abandons $2.25M Student Loan Trust Deal, Drops Case

    The Consumer Financial Protection Bureau on Friday voluntarily dismissed its long-running debt collection practices suit against the National Collegiate Student Loan Trusts, abandoning a $2.25 million proposed settlement that had been held up by objectors.

Expert Analysis

  • The Bar Needs More Clarity On The Discovery Objection Rule

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    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?

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    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

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    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.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

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    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

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    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

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