Large Cap

  • May 27, 2025

    SandRidge Can't Duck $17M Ex-Execs Suit In Texas

    A Texas bankruptcy judge has refused to reopen the Chapter 11 case of SandRidge Energy to allow it to escape a $17 million subrogation suit filed by two former officers, saying SandRidge in its bankruptcy plan assumed the directors and officers insurance policies at issue.

  • May 27, 2025

    Byju's Lender Wants In On Latest Ch. 11 Suit Over $533M

    A lender of the bankrupt American arm of Indian education technology giant Byju's asked a Delaware bankruptcy judge Tuesday for permission to intervene in the debtor's latest suit tied to the recovery of $533 million in missing funds, saying it has a substantial interest in the lawsuit as the debtor's largest creditor.

  • May 27, 2025

    23andMe Agrees To Sale, Rite Aid Pharmacy Deals Get OK

    Regeneron Pharmaceuticals emerged as the winning bidder for 23andMe last week, agreeing to buy the genetics testing company out of bankruptcy for $256 million. Meanwhile, a judge approved Rite Aid's sale of pharmacy assets to CVS, Walgreens and others, and tensions flared during a hearing in Texas on disputes stemming from an undisclosed romance between a former Jackson Walker attorney and bankruptcy judge.

  • May 27, 2025

    Mobile App Infringement Suit Against Bridgestone Dropped

    A New Jersey company and tire maker Bridgestone Americas Inc. on Tuesday jointly asked a Texas federal judge to dismiss a case in which Bridgestone was accused of using patented mobile device communication technology in its mobile app.

  • May 27, 2025

    US Trustee Wants Steward Health Switched To Ch. 7

    The U.S. Trustee's Office is asking a Texas bankruptcy judge to convert Steward Health Care's Chapter 11 case to a court-supervised Chapter 7 liquidation, saying the hospital chain cannot pay the bills it has run up during its bankruptcy.

  • May 27, 2025

    Goodwin Debt Financing Ace Rejoins Gibson Dunn In LA

    Gibson Dunn & Crutcher LLP is expanding its West Coast team, announcing Tuesday it is welcoming back a debt financing expert, who left for a few years to join Goodwin Procter LLP, as a partner in its Los Angeles office.

  • May 27, 2025

    High Court Passes On Axed $563M BMO Harris Ponzi Verdict

    The U.S. Supreme Court on Tuesday declined to review the Eighth Circuit's decision to strike down a $563 million jury verdict against BMO Harris NA over claims that a bank it acquired had aided and abetted Thomas J. Petters' multibillion-dollar Ponzi scheme.

  • May 23, 2025

    Law360 Reveals Titans Of The Plaintiffs Bar

    This past year, a handful of attorneys secured billions of dollars in settlements and judgments for both classes and individual plaintiffs against massive companies and organizations like Facebook, Dell, the National Association of Realtors, Johnson & Johnson, UFC and Credit Suisse, earning them recognition as Law360's Titans of the Plaintiffs Bar for 2025.

  • May 23, 2025

    Real Estate Recap: Opp Zones, SFR Sector, NYC Casinos

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how the "Big, Beautiful Bill" would tweak rules for opportunity zones, the prognosis for the single-family rental sector, and a look at the seven remaining bids for casino licenses in New York City.

  • May 23, 2025

    US Trustee Plans Appeal Of Gol Linhas Ch. 11 Plan Approval

    The U.S. Trustee's Office indicated on Friday it will appeal a New York bankruptcy judge's order confirming the Chapter 11 plan of Brazilian airline Gol Linhas Aéreas Inteligentes SA after the judge overruled the watchdog's objection to the plan's third-party releases.

  • May 23, 2025

    Ex-McKinsey Exec Sentenced For Obstructing Purdue Probe

    A Virginia federal judge has sentenced a disbarred attorney and former McKinsey & Co. partner to six months in prison for obstructing an investigation into the consulting giant's work with opioid manufacturer Purdue, federal prosecutors announced Friday.

  • May 23, 2025

    Berkley Research Says It Should Not Be Penalized For Hack

    Berkeley Research Group said Friday that it should not be penalized for a March hack of its computers that released potentially confidential information about Roman Catholic diocese bankruptcies nationwide because it was the victim of a crime.

  • May 23, 2025

    Alex Jones Says $45.1M Sandy Hook Verdict Unconstitutional

    Infowars host Alex Jones' newest attorneys have asked a Texas appeals court to overturn a $45.1 million defamation verdict awarded to Sandy Hook families, arguing the default judgment was unconstitutionally issued after limited discovery and that the award violates Texas law limiting punitive damages compared to actual harm.

  • May 23, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Over the coming week, Delaware judges will hear arguments on the Chapter 11 plans of medical device maker Exactech, app developer Creativemass and nursing facility operator Petersen Health Care, while biofuel company Global Clean Energy asks a Texas judge to send its plan out for a creditor vote and a New York judge ponders if government technology contractor Sysorex belongs in his court.

  • May 22, 2025

    'Circular Firing Squad' Is Stalling Romance Case, Judge Says

    A Texas federal judge told Jackson Walker LLP and Kirkland & Ellis LLP that they were stuck in a "circular firing squad" in a debate over whether the former CEO of a defunct barge company could sue the firms over a former bankruptcy judge's secret romance with an attorney.

  • May 22, 2025

    Senators Unveil DNA Privacy Bill Amid 23andMe's Ch. 11 Sale

    A bipartisan group of U.S. senators on Thursday introduced a bill designed to safeguard customers' genetic information in bankruptcy cases, saying 23andMe's plan to sell users' DNA data to a pharmaceutical company during its Chapter 11 raises new concerns surrounding consumer privacy.

  • May 22, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Biotech company Molecular Templates defended its Chapter 11 plan against opposition from the U.S. Trustee's Office, paper product maker Royal Interco said its Chapter 11 asset auction has secured a $180 million bid, and insurers for a New Jersey Catholic diocese fought a bid from abuse victims and the diocese to lift a stay to reinvigorate settlement discussions. Here are the bankruptcy stories you may have missed this week.

  • May 22, 2025

    Servicer, BNY Seek Exit From Mortgage Statement Suit

    Bank of New York Mellon and a mortgage servicing company have urged a Massachusetts federal court to permanently dismiss a proposed class action accusing them of trying to collect on post-bankruptcy liens, saying federal lending law does not obligate servicers to send mortgage statements to borrowers.

  • May 22, 2025

    Ligado To Settle Dispute With Inmarsat Over AST Satellite Deal

    Counsel for troubled satellite company Ligado Networks told a Delaware bankruptcy judge Thursday the debtor signed an agreement in principle with telecommunications firm Inmarsat that would clear objections to Ligado's plan to develop a space-based 5G network once it exits Chapter 11, a key sticking point in the case.

  • May 22, 2025

    Purdue Eyes Fall Confirmation For New Chapter 11 Plan

    Attorneys for Purdue Pharma told a New York bankruptcy judge Thursday that the company aims to send its Chapter 11 plan to a vote over the summer with a fall confirmation hearing to conclude the nearly 6-year-old case.

  • May 22, 2025

    New Orleans Archdiocese Strikes $179M Abuse Deal

    The committee representing sexual abuse claimants in the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans that began five years ago has announced it reached a roughly $179 million settlement of hundreds of abuse claims.

  • May 22, 2025

    Procopio Expands In San Diego With Bankruptcy Specialist

    Procopio Cory Hargreaves & Savitch LLP is expanding its team, bringing in a Henderson Caverly & Pum LLP bankruptcy pro as a partner in its San Diego office.

  • May 22, 2025

    NYC Landlord Pinnacle Files Ch. 11, Claiming $500M-Plus Debt

    A group of entities for New York landlord Pinnacle Group has filed for Chapter 11 protection in federal bankruptcy court, claiming at least $500 million in assets and liabilities on a portfolio of 82 holding companies.

  • May 22, 2025

    US Trustee, Jackson Walker Might Mediate Fee Case

    The U.S. Trustee's Office and Jackson Walker LLP told a Texas federal judge Thursday they are open to mediating the watchdog's bid to have the law firm forfeit fees from more than 30 cases overseen by a former bankruptcy judge who was romantically involved with a onetime firm partner.

  • May 21, 2025

    Conn. Diocese Ch. 11 Plan Approved With $31M Abuse Fund

    A Connecticut bankruptcy judge on Wednesday approved the Chapter 11 plan of the Norwich Roman Catholic Diocese, clearing the way for survivors of childhood sexual abuse at the hands of priests and religious brothers to be compensated through a $31 million settlement fund.

Expert Analysis

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • How 9th Circ. Ruling Expands Bankruptcy Trustees' Powers

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    The Ninth Circuit recently held in The Lovering Tubbs Trust v. Hoffman that a trustee can avoid intentionally fraudulent transfers, even if no creditor suffered harm as a result, materially strengthening bankruptcy trustees' powers, say Robert Klyman and Rod Kazempour at DLA Piper.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

  • 3rd Circ. Hertz Ruling Highlights Flawed Bankruptcy Theory

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    The Third Circuit, in its recent Hertz bankruptcy decision, became the latest appeals court to hold that noteholders were entitled to interest before shareholders under the absolute priority rule, but risked going astray by invoking the flawed theory of code impairment, say Matthew McGill and David Casazza at Gibson Dunn.

  • Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

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