Large Cap

  • August 11, 2026

    Del. Chancery Keeps Power Plant Duty Claims Alive

    The Delaware Chancery Court on Tuesday largely refused to dismiss the remaining claims in a lawsuit accusing Strategic Value Partners LLC and GenOn Holdings Inc. of engineering the transfer of a Pennsylvania power plant opportunity away from insolvent Heritage Power companies and their creditors.

  • August 11, 2026

    NY Archdiocese Renews Call For Chubb Punitive Damages

    The Archdiocese of New York is taking a second bite at the apple in state appeals court with a request for punitive damages against Chubb, alleging the insurer ran a "shadow campaign" against the archdiocese even as it was defending the church against a slew of sex abuse lawsuits.

  • August 11, 2026

    Catching Up With New Bankruptcy Case Action

    Food chain Salad and Go plans to shut down in bankruptcy after a parasite outbreak linked to raw lettuce caused a dip in sales for the already financially strained business. An investment firm is looking to complete its wind-down in Chapter 11 and fend off an involuntary Chapter 7 petition. And an Ohio university filed for Chapter 11 to close down after years of operating losses.

  • August 11, 2026

    West Marine Wins Approval Of Plan To Cut Debt, Exit Ch. 11

    A Delaware bankruptcy judge Tuesday signed off on boating supply business West Marine Inc.'s Chapter 11 plan, allowing the debtor to hand control of the company to lenders and end its Chapter 11 case.

  • August 11, 2026

    Rising Star: Weil's Clifford Carlson

    Clifford Carlson of Weil Gotshal & Manges LLP has been on the front lines of some of the most complex Chapter 11 cases filed in Houston's bankruptcy court in recent years as debtor's counsel to multistate hospital group Steward Health and car parts giant First Brand, earning him a spot among bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 10, 2026

    Opioid Victims Say Firm Kept Too Much Of Purdue Payouts

    A Baltimore woman is accusing a California-based attorney and her firm of illegally withholding thousands of dollars from opioid victims' Purdue Pharma settlement payments in a new class action filed Sunday in Maryland federal court.

  • August 10, 2026

    Complex Summer Camp Sales Win Bankruptcy Court Approval

    A New Jersey bankruptcy judge Monday approved sales of more than two dozen U.S. summer camps, capping an intense, complicated and emotionally charged process that lawyers said saved the camps from closing this year while generating nearly $448.8 million to repay creditors.

  • August 10, 2026

    Texas Judge Tosses Appeal Of Genesis Lender Releases

    A Texas federal judge on Monday dismissed an appeal that attacked the terms of Genesis Healthcare's post-petition financing, saying part of the Bankruptcy Code precluded her court from touching the arrangement whereby lenders traded funding for claim releases.

  • August 10, 2026

    H.I.G. Can't Block Calif. Suit Over $17.5M Health Deal

    The Delaware Chancery Court on Monday refused to block two former behavioral health facility owners from pursuing a California securities fraud suit against private equity firm H.I.G. Capital LLC and its affiliates, finding the companies had not shown the dispute must be litigated in Delaware.

  • August 10, 2026

    A Look At Hedge Fund Mars FX's Ch. 11 Liquidation Plan

    Hedge fund Mars FX has filed a Chapter 11 liquidation plan in New York bankruptcy court that would transfer its assets and legal claims tied to a roughly $567 million trading platform balance it alleged was missing to a litigation trust, which would pursue recoveries and distribute the proceeds to creditors and investors.

  • August 10, 2026

    Rising Star: HSF Kramer's Megan Wasson

    Megan Wasson of Herbert Smith Freehills Kramer LLP helped Del Monte secure more than $500 million in asset sales in its contentious Chapter 11 and advised the state of Connecticut in the Prospect Medical case, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 10, 2026

    Sleep Number OK To Use $17.5M From Executive Pay Plan

    A New York bankruptcy judge has allowed Sleep Number Corp. to transfer more than $17.5 million from a trust set up for executives to its Chapter 11 estate, overruling an objection by the company's former chief technology officer.

  • August 10, 2026

    Senate Seeks Expanded Sub V; Harvest Sherwood Plan OK'd

    The Senate moved to reinstall a higher debt limit for Subchapter V, food distributor Harvest Sherwood confirmed its Chapter 11 plan and TPx Communications acquired access to nearly $74 million in postpetition financing.

  • August 10, 2026

    Investment Firm 777 Partners Hits Ch. 11 To Handle $2B+ Debt

    Investment firms 777 Partners and 600 Partners, as well as entities tied to them, filed for bankruptcy protection in Texas with over $2 billion of debt, saying a creditor's involuntary Chapter 7 petition expedited its Chapter 11 plans amid a yearslong wind-down process.

  • August 07, 2026

    Summer Camp Sales Spark Parent Concern Ahead Of Hearing

    Plans to sell more than two dozen summer camps have been met with a flurry of comments from families concerned that outside investors will alter operations or close some camps altogether, with a group of parents saying they hoped to offer $10 million to buy one of the properties in Pennsylvania, Camp Lavi.

  • August 07, 2026

    Salad Chain Plans Ch. 11 Sale Of Drive-Thru Leases

    Salad and Go expects to pay its creditors in full with proceeds from a proposed $105 million private sale of most of its drive-thru location leases to coffee chain Dutch Bros., attorneys for the fast-casual restaurant told a Texas bankruptcy judge on Friday.

  • August 07, 2026

    Grid Operator Objects To American Efficient's Ch. 11 Loan

    Grid operator PJM Interconnection LLC has challenged North Carolina-based energy efficiency aggregator American Efficient's request for $11.5 million of debtor-in-possession financing, alleging the debtor is not operating and that current regulations make its business impossible to operate.

  • August 07, 2026

    First Brands, Objectors Trade Final Arguments On Ch. 11 Plan

    Auto parts maker First Brands Group told a Texas bankruptcy judge Friday its Chapter 11 plan is reasonable and offers creditors the best chance of recovering on billions of dollars worth of claims, defending the deal against a spate of objections during closing arguments in a trial on plan confirmation.

  • August 07, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Investment platform Linqto will seek to compel its liquidation trustee to perform the role's duties, bankrupt cryptocurrency kiosk operator Bitcoin Depot will undergo a plan confirmation hearing, and Sidley Austin will defend its eligibility to represent Genesis Healthcare.

  • August 07, 2026

    Bank Seeks Ch. 11 Interest In Inspired Healthcare Bankruptcy

    Pinnacle Bank has asked a Texas bankruptcy judge to allow claims for at least $1.6 million in post-petition interest and fees in Inspired Healthcare Capital Holdings LLC's bankruptcy, saying its loans are oversecured based on stalking horse offers for the senior living facility investor's properties.

  • August 06, 2026

    Judge Tosses Nuclear Power Wage-Fixing Case, For Now

    A Maryland federal court tossed a proposed class action accusing nuclear energy producers including Constellation Energy, DTE Energy and Duke Energy of fixing wages, after finding the claims came too late.

  • August 06, 2026

    KPMG Must Face Beefed Up Investor Suit Over SVB Failure

    A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2023 failure, saying they sufficiently alleged KPMG ignored red flags as SVB's auditor.

  • August 06, 2026

    Survivors Sue Vermont Catholic Parishes For $405M In Assets

    The official committee of unsecured creditors for the Roman Catholic Diocese of Burlington, Vermont, has brought a lawsuit against the diocese and the parishes and schools that fall under its authority, arguing the institutions' trusts can, and should, be used to compensate survivors of sexual abuse and alleging the trusts hold around $405 million of estate assets.

  • August 06, 2026

    Freedom Forever Ch. 7 Shift OK'd With Reporting Terms

    A Delaware bankruptcy judge said he would approve the Chapter 7 conversion of the bankruptcy of solar power company Freedom Forever after the debtor adds language on its turnover and reporting requirements, as requested by the U.S. Trustee's Office.

  • August 06, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Unsecured creditors in Dish Network's Chapter 11 case have challenged the company's restructuring plans for six Dish Wireless debtors, while the Madoff estate reached a $25 million settlement with Banco Itaú and Steward Health's litigation trust settled with former owner Cerberus Capital Management.

Expert Analysis

  • Why Appellees Should Write Their Answering Brief First

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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.

  • What Insurers Must Know When Insureds File For Bankruptcy

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    With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • Law School's Missed Lessons: Client Service

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    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

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