Large Cap
-
July 11, 2025
FTX Trust Says Blockchain Co. Hasn't Delivered $1.3M Coins
A recovery trust for the bankrupt cryptocurrency exchange FTX filed a Chapter 11 adversary proceeding in Delaware bankruptcy court seeking turnover of $1.3 million worth of $XION digital tokens that the debtor's subsidiaries purchased prior to the bankruptcy filing.
-
July 11, 2025
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges will weigh matters including hospital operator Steward Health's bankruptcy plan confirmation, U.S. recognition of the foreign insolvency of a Brazilian sugar producer and an asset sale for coal producer White Forest Resources Inc.
-
July 11, 2025
Retiring Fla. Judge Shares Fascination With Bankruptcy Law
Longtime Florida bankruptcy Judge Laurel M. Isicoff says that one of the great things about being a bankruptcy judge is the ability to give second chances to those who earned them.
-
July 11, 2025
Linqto Collapse Puts Focus On Retail Money In Private Funds
Investment platform Linqto's failed promise to "democratize" private markets by letting regular people buy into hot startups comes as U.S. regulators seem poised to relax rules that reserve such products for institutions and the wealthy, meaning securities rules may soon permit more ventures like it.
-
July 11, 2025
Sunnova's $90M Loan With Release For KKR Gets Judge's OK
A Texas bankruptcy judge agreed Friday to let solar panel company Sunnova Energy International Inc. borrow $90 million in Chapter 11 financing and release pre-bankruptcy lender KKR & Co. from potential claims, weeks ahead of a hearing on Sunnova's planned asset sale that unsecured creditors are signaling they may challenge.
-
July 10, 2025
Joann's Ch. 11 Wind-Down Plan Confirmed In Del.
The Chapter 11 wind-down plan of former arts and crafts retailer Joann Inc. received approval Thursday in Delaware bankruptcy court without opposition from any party in interest.
-
July 10, 2025
WilmerHale, US Trustee Spar Over Work In 23andMe Ch. 11
The U.S. Trustee's Office argued Thursday the consumer privacy ombudsman in genetic testing company 23andMe's Chapter 11 shouldn't be allowed to hire lawyers from WilmerHale over conflict of interest concerns the firm disputed, an issue the presiding Missouri bankruptcy judge promised to rule on promptly.
-
July 10, 2025
Under The Radar: Bankruptcy News You May Have Missed
A creditor of bankrupt event venue The Chariot objected to the company's disclosure statement, saying it lacks details on how the creditor's secured claim will be treated. Meanwhile, Pride Funding, a lender to companies owned by celebrity house flippers Jennifer and Cesar Pina, urged a New Jersey court to deny their use of cash collateral. And Big Lots Inc. is trying to extend for the third time its exclusive window to file a Chapter 11 plan.
-
July 10, 2025
Conn. Panel Will Again Hear Ex-Alex Jones Atty's Ethics Case
The Connecticut Appellate Court will hear former Alex Jones attorney Norm Pattis' second appeal of his already-reduced, two-week suspension for allowing a former associate to send Sandy Hook medical records to other Jones attorneys who had not signed a confidentiality order.
-
July 10, 2025
Genesis Healthcare Hits Ch. 11 With DIP Deal, Sale Plans
Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, and nearly 300 of its affiliates and subsidiaries have filed for Chapter 11 protection with at least $2 billion of liabilities, after the cost of litigation, tax back payments, a cyberattack and several other factors squeezed its cash flow.
-
July 09, 2025
Linqto Users Say Founder Flouted Securities Laws
Customers of recently bankrupt private investment platform Linqto sued its founder and former CEO in New York federal court on Wednesday, alleging in a proposed class action that he disregarded securities laws and oversaw aggressive and misleading marketing to lure investors.
-
July 09, 2025
11th Circ. Rules Against Hotelier In Arbitration Battle
The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecting arguments that the order was barred under a 2020 U.S. Supreme Court decision.
-
July 09, 2025
Tariffs Loom Large Over Smaller Ch. 11s So Far In 2025
Mid-market businesses have been struggling with economic uncertainty in the first half of the year, especially with the threat of higher tariffs and reduced incentives for renewable energy, bankruptcy professionals told Law360.
-
July 09, 2025
Tariff Uncertainty Led Home Decor Retailer At Home To Ch. 11
Amid growing uncertainty surrounding newly imposed tariffs and burdened by a highly leveraged balance sheet, household furnishings retailer At Home Group Inc. has filed for Chapter 11 protection, citing approximately $2 billion in debt.
-
July 09, 2025
NJ Justices Disbar Fla. Atty For Misappropriating $100K
The New Jersey Supreme Court has disbarred a Florida attorney based on Disciplinary Review Board findings that she misappropriated more than $100,000 in client funds.
-
July 09, 2025
McGuireWoods Names New Office Leaders In 4 US Cities
McGuireWoods LLP announced Wednesday that it has appointed new office managing partners in Atlanta, Houston, Baltimore and San Francisco, continuing the firm's practice of rotating its staff in and out of key leadership positions.
-
July 08, 2025
Puerto Rico Bond Suit Doesn't Belong In Conn., Insurers Say
The insurers of billions in bonds issued by the Puerto Rico Sales Tax Financing Corp. say a Connecticut federal judge can't hear a proposed class action accusing them of failing to pay bondholders the full value of their investments after a 2016 bankruptcy default.
-
July 08, 2025
Bid To Convert Yellow To Ch. 7 Postponed, New Plan Expected
A bid to convert the Chapter 11 bankruptcy of Yellow Corp. to a Chapter 7 liquidation was postponed on Tuesday as the former trucking company promised it would soon propose a new plan after nearly two years in court-supervised restructuring.
-
July 08, 2025
Catching Up With New Bankruptcy Case Action
Del Monte, a titan in the canned food industry, entered Chapter 11 in New Jersey. A media company partially controlled by Dr. Phil entered bankruptcy in Texas and began suing its joint venture partner. And a company that offers health care in The Villages retirement community hit bankruptcy in Florida with an initial bid for its assets.
-
July 08, 2025
Prospect Medical Doctor Groups Hit Ch. 11 After Astrana Sale
About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana Health Inc. for $708 million.
-
July 08, 2025
Jackson Walker, US Trustee Have A Week To Finish Mediation
A Texas federal judge has given Jackson Walker LLP and the federal government's bankruptcy watchdog a week to finish mediation in a fee dispute stemming from a former bankruptcy judge's secret relationship with a former firm partner.
-
July 08, 2025
Linqto Hits Ch. 11 Amid SEC Probe, Compliance Concerns
Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and internal concerns over its compliance with securities laws.
-
July 07, 2025
Texas Says GM Can't Use Ch. 11 Sale To End Data Privacy Suit
The Texas attorney general is urging a New York bankruptcy court to reject General Motors' bid to escape a data privacy suit being pressed by his office over the automaker's allegedly unlawful collection and sale of drivers' private information, arguing that the court lacks jurisdiction over the agency and that the claims aren't barred by prior bankruptcy proceedings.
-
July 07, 2025
Fresno Diocese Seeks Parish Account Protection In Ch. 11
The bankrupt Roman Catholic Bishop of Fresno told a California judge Monday that it would be providing additional evidentiary support for its cash management motion so that the bank accounts of its non-debtor parishes can be protected from closure.
-
July 07, 2025
Texas Appeals Court Finds $50M Dubai Judgment Was Unfair
A Texas appeals court has found that a $50 million judgment issued by a United Arab Emirates court system against executives who allegedly fled the country after committing fraud could not stand under state law, saying the UAE court system never provided the executives adequate notice.
Expert Analysis
-
9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
-
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
-
Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
-
How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
-
When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
-
Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
-
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
-
How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
-
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
-
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
-
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
-
The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
-
The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.