Large Cap
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June 18, 2025
Purdue Pharma Seeks Vote On New $8B Ch. 11 Plan
Close to a year after the U.S. Supreme Court shot down an earlier version of its Chapter 11 plan, OxyContin maker Purdue Pharma was before a New York bankruptcy judge Wednesday to ask for permission to send its revised plan out for a creditor vote.
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June 18, 2025
FCC Approves Windstream-Uniti Tie-Up
The Federal Communications Commission signed off on Windstream's merger with Uniti Group Inc. on Wednesday, approving the transfer of Windstream, Uniti and their respective subsidiaries to the newly formed New Windstream LLC.
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June 18, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Roman Catholic diocese in Buffalo, New York, was ordered to use only a share of proceeds from the sale of a seminary building for a settlement with sexual abuse survivors. Meanwhile, a charter school funding company asked a bankruptcy judge to approve its speedy Chapter 11 sale process. And bankrupt electric-vehicle maker Nikola Corp. requested more time to draft its liquidation plan.
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June 18, 2025
Eversheds Sutherland Adds Ex-Kelley Drye Restructuring Atty
Eversheds Sutherland announced Tuesday the hiring of a New York-based counsel formerly of Kelley Drye & Warren LLP for its U.S. finance practice group.
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June 18, 2025
Altice France Files Ch. 15 In New York With $22B In Debt
Telecom company Altice France SA has asked a New York bankruptcy judge to recognize its French insolvency, saying it has over €19.2 billion ($22 billion) in debt and citing pressures from rising costs and increased competition.
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June 17, 2025
Retailer At Home Can Tap $75M Of Its $600M Ch. 11 Funding
A Delaware bankruptcy judge Tuesday gave initial approval to furniture and decor retailer At Home's $600 million debtor-in-possession loan, freeing up $75 million in new funds, as it looks to trim $1.6 billion of debt from its balance sheets in Chapter 11.
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June 17, 2025
Pa. Landlord Says Kohl's Can't Skirt Lease, Shield Profits
The owner of a Pottstown, Pennsylvania, mall has accused Kohl's of attempting to unilaterally terminate its lease and duck payment obligations while liquidating merchandise to which the landlord was entitled, according to a lawsuit filed in federal court.
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June 17, 2025
Kidde-Fenwal Ch. 11 Disclosure Needs More Info, Judge Says
A Delaware bankruptcy judge overruled objections to the plan disclosure from firefighting foam maker Kidde-Fenwal but said more information was needed about how different claims would be treated.
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June 17, 2025
COVID Upheaval, Tariffs Hurt Marelli's Cashflow Before Ch. 11
The sudden shift in the global economy triggered by the onset of the COVID-19 pandemic in early 2020 severely harmed the auto industry and the adoption of stiff tariffs in 2025 worsened the picture for auto parts suppliers like Marelli Corp., which filed for Chapter 11 protection last week with nearly $5 billion of debt.
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June 17, 2025
Catching Up With New Bankruptcy Case Action
Tariff-related uncertainty led home furnishing retailer At Home Group Inc. and automotive parts manufacturer Marelli Corp. to file for bankruptcy, Florida-based Contour Spa cited rapid expansion as a key reason for its financial downfall, and a firm behind a major hospital redevelopment project in Detroit filed for Chapter 11 after failing to meet its commitments to the city.
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June 17, 2025
Judge OKs Deal To End LeClairRyan Founder Tax Claims
A Virginia bankruptcy judge Tuesday approved a settlement striking LeClairRyan PLLC founder Gary LeClair from the list of owners of the defunct firm, relieving him of responsibility for a share of the firm's nearly $21 million in tax liabilities.
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June 17, 2025
Yellow Corp. Judge Tables MFN's Push For Ch. 7 Conversion
Bankrupt trucking firm Yellow Corp. on Tuesday defeated shareholder MFN Partners' bid to convert the company's Chapter 11 case to a Chapter 7 liquidation, persuading a Delaware federal judge to give the debtor more time to work on a bankruptcy plan as legal fees in the almost two-year-old case continue to swell.
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June 17, 2025
WeightWatchers Cleared To Exit Ch. 11 And Cut $1.15B In Debt
WeightWatchers on Tuesday secured a Delaware bankruptcy judge's blessing to exit Chapter 11 less than two months after filing the case with a leaner balance sheet and new owners, allowing the dieting company to refocus its business after new weight-loss drugs threatened its main product.
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June 16, 2025
Consolidated SVB Class Action Survives 3 Dismissal Bids
A California federal judge has rejected three bids to dismiss a proposed shareholder class action against Silicon Valley Bank's brass, underwriters and auditor stemming from the bank's 2023 failure, finding the plaintiffs' "well-pleaded" allegations can continue.
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June 16, 2025
23andMe Names New Buyer, Pa. Retirees Sue Over Ch. 9 Sale
Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas.
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June 16, 2025
Meet The Attys Leading Auto Parts Maker Marelli's Ch. 11
A group of lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP is representing automotive parts manufacturer Marelli Corp., which supplies parts to Nissan, Volkswagen, BMW and Mercedes-Benz, in its bankruptcy case.
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June 16, 2025
Joann Seeks Ch. 11 Block For Vendors' Ohio Suit
Bankrupt fabric retailer Joann Inc. has asked a Delaware bankruptcy judge to block an Ohio state suit filed against seven top company officials by vendors who claim they were deceived into extending credit to the 80-year-old fabric retailer between its first and second retreat into Chapter 11.
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June 16, 2025
Angeion Group Expands, Rebrands Its Bankruptcy Services
Philadelphia-based litigation support company Angeion Group, which provides legal administration and group litigation support services, announced Monday the hiring of two new executive vice presidents for its bankruptcy services division.
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June 16, 2025
All 50 States Agree To Purdue Pharma's $7.4B Settlement
Attorneys general from 55 U.S. states and territories on Monday backed Purdue Pharma's $7.4 billion deal to settle opioid injury claims against the company and the Sackler family, almost a year after the U.S. Supreme Court threw out Purdue's previous plan to end litigation over its role in the opioid epidemic.
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June 16, 2025
Home Decor Retailer Blames Tariffs For New Ch. 11 Filing
Household furnishing retail chain At Home Group Inc. filed for Chapter 11 protection Monday with just shy of $2 billion of debt, saying recent uncertainty over tariffs worsened its highly leveraged balance sheet and drove it into bankruptcy.
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June 13, 2025
Real Estate Recap: Builders' Hack, Korean Mezz, Hotel Angst
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why one BigLaw hospitality leader says hotels are "scared to death."
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June 13, 2025
Steward Health, Creditors Push Back On Case Conversion Bid
The official committee of unsecured creditors for Steward Health Care told a Texas bankruptcy judge on Friday the company's Chapter 11 case should not be converted to a liquidation, claiming the proposed restructuring plan is the only way for them to obtain meaningful recoveries.
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June 13, 2025
Celsius Founder To Drop Ch. 11 Claims After Prison Sentence
Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison.
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June 13, 2025
What's Happening In Bankruptcy Court This Coming Week
Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation.
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June 13, 2025
The Supreme Court's Week: By The Numbers
The U.S. Supreme Court issued six decisions this week, with the justices finding unanimity in four, including ones involving the threshold disabled students must meet in disability discrimination cases against public schools and another over whether the government can escape a Federal Tort Claims Act suit sparked by a mistaken FBI raid. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.
Expert Analysis
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8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.
A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Lessons From Two New Year's Eve Uptier Exchange Decisions
On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.
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Playing Rugby Makes Me A Better Lawyer
My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.
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No, Litigation Funders Are Not 'Fleeing' The District Of Del.
A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.
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5 E-Discovery Predictions For 2025 And Beyond
In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.
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7 Ways 2nd Trump Administration May Affect Partner Hiring
President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.
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E-Discovery Quarterly: Rulings On Custodian Selection
Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.
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Exercising On My Peloton Bike Makes Me A Better Lawyer
While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.
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3 Factors Affecting Retail M&A Deals In 2025
Retailers considering mergers and acquisitions this year face an evolving antitrust environment, including a new administration under President-elect Donald Trump, revised merger guidelines and a precedent set last year by a canceled $8.5 billion handbag merger, say attorneys at DLA Piper.