Large Cap

  • August 19, 2026

    777 Partners Picks $8.6M DIP Offer From Existing Lenders

    Bankrupt investment firm 777 Partners told a Texas bankruptcy judge Wednesday that it has selected an $8.6 million offer from a group of existing lenders to provide post-petition financing for the company after the court previously encouraged the debtor to explore alternate proposals.

  • August 19, 2026

    FTX Trust Reports $6.5B In Assets, $600M Debt Drop

    The trust created by FTX's Chapter 11 plan has reported it further winnowed down the onetime cryptocurrency giant's debts by about $600 million during the second quarter, leaving it with less than $12 billion of liabilities to go against $6.5 billion in assets.

  • August 19, 2026

    Jackson Walker Says US Trustee Can't Claw Back Legal Fees

    Jackson Walker said this week that the U.S. Department of Justice's bankruptcy watchdog is beyond the bounds of its authority in a yearslong effort to force the firm to return millions of dollars in legal fees over an undisclosed relationship between a former partner and a Texas bankruptcy judge.

  • August 19, 2026

    Guo Ch. 11 Trustee, Feds Reach Deal Over $800M Assets

    A trustee overseeing the bankruptcy of exiled Chinese businessperson Miles Guo has told the Connecticut bankruptcy court he agreed to settle a dispute with the U.S. government over the treatment of more than $800 million in assets recovered by the bankruptcy estate or seized by the feds. 

  • August 19, 2026

    Trinseo Defends Debt Deals As Ch. 11 Plan Trial Wraps

    Plastics maker Trinseo on Wednesday closed a trial in Texas bankruptcy court on its bid to trim about $2 billion in debt in Chapter 11, contesting an objecting creditor's claims that its prebankruptcy refinancings set it up for failure and defending a reorganization plan it said would save jobs and give new life to its business.

  • August 19, 2026

    Spirit Flight Attendants Object To Google Data Sale

    The union representing Spirit Aviation's flight attendants has asked a New York bankruptcy judge to reject the bankrupt airline's request to sell its internal data to Google for artificial intelligence training unless the privacy of its members is protected.

  • August 19, 2026

    CFTC Spares FTX's Ellison, Wang Fines For Cooperation

    Former FTX and Alameda Research executives Caroline Ellison and Gary Wang have agreed to trading and registration bans, but will not face financial penalties, as part of deals with the U.S. Commodity Futures Trading Commission to resolve fraud claims against them over their roles in the scheme that caused the crypto exchange and trading firm to collapse.

  • August 19, 2026

    Hunton Adds A&O Shearman Bankruptcy Partner In Dallas

    Hunton Andrews Kurth LLP announced Wednesday that it has boosted its national restructuring and bankruptcy practice with a Dallas-based partner who came aboard from Allen Overy Shearman Sterling.

  • August 18, 2026

    Tricolor Execs Accused Of Securities Fraud By SEC

    The U.S. Securities and Exchange Commission on Tuesday sued the founder of bankrupt subprime auto lender Tricolor Holdings and two of its executives, accusing them of double pledging collateral and misrepresenting the debt pools they were offering to lenders.

  • 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.

Expert Analysis

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

  • Law School's Missed Lessons: Appreciating Civil Procedure

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    If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.

  • How Attorneys Can Become Change Agents For Racial Equity

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    As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

  • Running Marathons Makes Me A Better Lawyer

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    After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.

  • Law School's Missed Lessons: Supporting A Trial Team

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    While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.

  • Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

  • The Ins And Outs Of Consensual Judicial References

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    As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.

  • The BigLaw Settlements Are About Risk, Not Profit

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    The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.

  • Brazilian Jiujitsu Makes Me A Better Lawyer

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    Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.

  • Power To The Paralegals: An Untapped Source For Biz Roles

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    Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.

  • Franchise Group Dispute Reflects Rising Intercreditor Suits

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    A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.

  • Playing Poker Makes Me A Better Lawyer

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    Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.

  • Law School's Missed Lessons: Becoming A Firmwide MVP

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    Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.

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