Large Cap

  • 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.

  • August 17, 2026

    Summer Camp Sales, Bitcoin Depot Ch. 11 Plan OK'd

    A New Jersey judge gave the all-clear for the sale of dozens of summer camps, cryptocurrency kiosk operator Bitcoin Depot scored confirmation of its Chapter 11 plan, and Sidley Austin LLP was approved to represent nursing home company Genesis Healthcare in two adversary suits. This is the week in bankruptcy.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

Expert Analysis

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Judge-Led Bankruptcy Mediation Can Be The Best Option

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    Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Chapter 11 case over which he was presiding, there is no single federal decision holding flatly against this, and, in the right circumstances, it may even be the best option, says Kenneth Rosen at Ken Rosen Advisors.

  • Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Getting The Most Out Of Learning And Development Programs

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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • 8 Tariff Refund Questions For Restructuring Professionals

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    For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.

  • Using Liability Forecasts In Financial Reports Vs. Bankruptcy

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    Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial reports versus those used in bankruptcy litigation is crucial for attorneys seeking to leverage economic analysis to ask the right questions, and strengthen their compliance and courtroom strategies, says Jorge Gallardo-García at Bates White.

  • When 'Qualified Transferees' Can Chill UCC Foreclosures

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    A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs

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    In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.

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