Large Cap

  • September 03, 2025

    Catching Up With New Bankruptcy Case Action

    Budget air carrier Spirit Airlines landed in bankruptcy again in New York. Utah-based furniture retailer Walker Edison filed for Chapter 11 in Delaware while it presses on with litigation against its former owners. And a Florida kitchen equipment supplier is seeking to reorganize its debt after running into supply chain and quality issues.

  • September 03, 2025

    SL Green Nabs Former Brooks Brothers Flagship For $160M

    SL Green Realty Corp. announced a deal to buy the site of the former Brooks Brothers flagship store and an adjacent office building from the former head of the brand in a $160 million deal.

  • September 02, 2025

    Ex-Crypto Platform Cred Execs Sentenced For $150M Scheme

    The former CEO and former chief financial officer behind bankrupt cryptocurrency lender Cred Inc. will serve four years and three years, respectively, after previously pleading guilty to conspiracy to commit wire fraud.

  • September 02, 2025

    Girardi Co-Attys Can't Revive Elder Abuse, Fiduciary Claims

    A California state appeals court has found that claims of financial elder abuse and aiding and abetting a breach of fiduciary duty brought by two of Tom Girardi's co-counsel against his son-in-law were correctly dismissed, as was an aiding and abetting claim against a company run by Girardi's estranged wife.

  • September 02, 2025

    Meet The Attorneys Guiding Spirit Airlines In Ch. 11

    Spirit Airlines found itself in Chapter 11 for the second time in late August, less than six months after emerging from a previous bankruptcy in which it slashed $795 million of debt from the balance sheet.

  • September 02, 2025

    Spirit Airlines Promises Aggressive Cuts In Second Ch. 11

    Spirit Airlines kicked off its second Chapter 11 case in under a year on Tuesday by emphasizing it will more aggressively use the tools of bankruptcy to transform itself into a leaner business with dozens fewer jets, telling a New York federal judge that the case in effect will be the budget air carrier's "first Chapter 11."

  • September 02, 2025

    Party City, Wag!, Diocese Of Syracuse Get Ch. 11 Plans OK'd

    U.S. bankruptcy courts approved several major Chapter 11 plans: a Texas judge confirmed Party City's liquidation plan, Delaware approved Wag! Group's debt-to-equity restructuring, and New York approved the Diocese of Syracuse's $176 million sexual abuse settlement.

  • September 02, 2025

    LifeScan Gets OK For Ch. 11 Plan Vote, October Hearing

    A Texas bankruptcy judge Tuesday gave LifeScan permission to send its Chapter 11 plan out for a vote, overriding arguments that the blood glucose monitor maker provided too little information about the payment of vendor claims.

  • August 29, 2025

    Ligado-Inmarsat Spectrum Dispute Not Ripe, Del. Judge Says

    A Delaware bankruptcy judge on Friday declined to resolve a disagreement on how to interpret a mediated agreement between insolvent satellite business Ligado Networks, AST SpaceMobile Inc. and Viasat Inc. unit Inmarsat Global Ltd., saying there was not yet a concrete dispute.

  • August 29, 2025

    Big Brands To Hit Bankruptcy In 2025 So Far

    When packaged-foods giant Del Monte filed for bankruptcy this summer with $1.23 billion in debt, it became another iconic brand to seek relief in bankruptcy court, joining public-facing names such as Claire's and Hooters of America.

  • August 29, 2025

    Spirit Airlines Lands In Ch. 11 Again To Rightsize Operations

    Less than six months after emerging from a previous Chapter 11 filing, budget air carrier Spirit Airlines landed back in bankruptcy Friday, this time focusing on streamlining its operations following a debt-for-equity swap earlier this year that wiped $795 million of debt off its books.

  • August 29, 2025

    What's Happening In Bankruptcy Court This Coming Week

    A New York bankruptcy court will consider letting Purdue Pharma collaborate with a nonprofit on a cancer drug. A Delaware bankruptcy judge is slated to hear Monster.com's bid to begin soliciting votes on a Chapter 11 plan. And another bankruptcy judge in Delaware will weigh whether to grant interim approval for the combined plan and disclosure of Heritage Coal's owner.

  • August 29, 2025

    DOJ Names Acting Director Of US Trustee's Office

    The U.S. Department of Justice announced Friday that Ramona D. Elliott, deputy director of the U.S. Trustee Program, was appointed its acting director, filling a leadership position that had been vacant since President Donald Trump fired the office's previous director in March.

  • August 28, 2025

    Singapore Arbitration Org Begins Ethics, Insolvency Programs

    The Singapore International Arbitration Centre has announced it is kicking off two major initiatives with the launch of an ethics institute, as well as a new mechanism through which parties can seek resolution of restructuring and insolvency-related disputes.

  • August 28, 2025

    Judge Rejects Reed Smith's Sanctions Bid In Doc Feud

    A New York federal judge has ordered the new owner of international shipping company Eletson to turn over documents requested by competitor Levona as the latter company looks to vacate an allegedly fraudulent $102 million arbitral award, while also ruling that Reed Smith LLP's threat of sanctions is unfounded.

  • August 28, 2025

    ATM Network Investment Was $700M Ponzi Scheme, Suit Says

    Four individuals have been hit with a proposed class action from an investment advisory firm, accusing them of using purported investments in ATM networks to run a $700 million Ponzi scheme.

  • August 28, 2025

    Yellow Corp. Shareholders Blast 4th Try At Ch. 11 Plan

    Yellow Corp.'s largest public shareholders are ripping the trucking company's fourth attempt at getting a Chapter 11 liquidating plan approved, telling a Delaware bankruptcy judge the newest one would leave "the fox guarding the henhouse."

  • August 28, 2025

    Tanking Demand Kicks Off Bourbon Industry 'Bloodbath'

    A swift and sudden change in consumer preferences has left bourbon and other liquor distillers holding millions of barrels of aged spirits with a shrinking market of drinkers to consume them, threatening the $9 billion bourbon industry after years of rapid expansion, experts say.

  • August 27, 2025

    Genesis Wins OK For $30M DIP, Ch. 11 Sale Process

    A Texas bankruptcy judge on Wednesday gave final approval to nursing home operator Genesis Healthcare Inc.'s updated $30 million debtor-in-possession loan and Chapter 11 sale procedures after a three-day hearing, overruling unsecured creditors' objections.

  • August 27, 2025

    Ex-Jackson Walker Partner Says Romance Suit Is 'Déjà Vu'

    A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding.

  • August 27, 2025

    Judge Approves Party City's Ch. 11 Liquidation Plan

    A Texas bankruptcy judge on Wednesday gave final confirmation to Party City's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office, who argued that the plan improperly reduces administrative claims without clear evidence of consent and could violate the Bankruptcy Code.

  • August 27, 2025

    Syracuse Diocese Gets OK For $176M Ch. 11 Plan

    A New York bankruptcy judge on Wednesday approved the Roman Catholic Diocese of Syracuse's plan to settle its sexual abuse liability for $176 million, saying insurance settlements the diocese has reached in recent months don't change the basics of the plan.

  • August 27, 2025

    Broadway Producer's Ch. 11 Plan Tests Purdue Ruling Limits

    The bankruptcy plan of a Tony Award-winning theater production company is exploring the boundaries of the U.S. Supreme Court's Purdue Pharma decision last year barring nonconsensual liability releases for nondebtors and, if affirmed on appeal, experts say it could become a model for other small businesses looking to reorganize.

  • August 27, 2025

    Fenwick Fights New Claims In FTX Crypto Scam MDL

    Fenwick & West LLP has asked a Florida federal judge to shut down a bid by victims of the infamous FTX Trading Ltd. cryptocurrency scam to bring new claims against the firm, calling allegations that it knew about FTX's misuse of customer funds an "irresponsible falsehood."

  • August 27, 2025

    Meet The Attys In Medical Transit Co. Modivcare's Ch. 11

    Medical transportation company Modivcare has brought together attorneys from Latham & Watkins LLP and Hunton Andrews Kurth LLP to help steer it through a Chapter 11 aimed at addressing $1.1 billion in debt.

Expert Analysis

  • Baseball Fantasy Camp Makes Me A Better Lawyer

    Author Photo

    With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.

  • Adapting To Private Practice: From Fed. Prosecutor To BigLaw

    Author Photo

    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Perfecting Security Interests In Renewable Energy Tax Credits

    Author Photo

    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

    Author Photo

    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • We Must Allow Judges To Use Their Independent Judgment

    Author Photo

    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Performing Stand-Up Comedy Makes Me A Better Lawyer

    Author Photo

    Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

    Author Photo

    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

  • Adapting To Private Practice: From SEC To BigLaw

    Author Photo

    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

    Author Photo

    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

    Author Photo

    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Lessons Learned From SAS' Flight Through Chapter 11

    Author Photo

    Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.

  • Bankruptcy Ruling Provides Guidance On 363 Asset Sales

    Author Photo

    HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.

  • 7 Tips For Associates To Thrive In Hybrid Work Environments

    Excerpt from Practical Guidance
    Author Photo

    As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.