Large Cap
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October 27, 2025
Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd
Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.
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October 27, 2025
Prime Core Ch. 11 Admin Says It Cashed Out Crypto For $35M
The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin creditor distributions early next year.
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October 24, 2025
What's Happening In Bankruptcy Court This Coming Week
Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.
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October 24, 2025
Texas Appealing Trim Of GM Data Privacy Suit
The state of Texas said it was appealing a bankruptcy judge's decision earlier this month blocking its attempt to hold General Motors liable for data privacy violations allegedly committed by its predecessor before its 2009 bankruptcy.
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October 24, 2025
LifeScan Urges Court To Force PBMs To Produce Documents
Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs including OptumRx and Caremark are using delay as "sword and shield."
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October 24, 2025
Judge Lifts Ch. 11 Stay On Prospect Medical Tort Suits
A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital chain, saying she was "beyond frustrated" with delays in settling the claims.
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October 24, 2025
Judges Say AI Can't Replace Human Judgment In Courts
While artificial intelligence holds promise for improving court efficiency, its current limitations, including inaccuracies and ethical concerns, make human judgment indispensable in legal proceedings, a group of judges said during a panel discussion at a recent legal technology conference.
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October 23, 2025
Ex-SVB Top Brass Can't Ditch FDIC Suit Over 2023 Collapse
Silicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 2023 failure, a California federal judge has ruled.
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October 23, 2025
Genesis Judge Blocks HHS Bid To End Nursing Home Benefits
A Texas bankruptcy judge on Thursday blocked a bid by the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services to cut off payments for one of Genesis Healthcare's skilled nursing facilities in Alabama, entering a preliminary injunction in the Chapter 11 adversary proceeding.
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October 23, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Second Circuit declined to revisit a ruling that about 300 clawback suits tied to Bernie Madoff should be dismissed. The American Bankruptcy Institute wrote the U.S. Congress to explain benefits of changing tax law concerning receiverships. And investment platform Linqto requested more time to file a Chapter 11 plan.
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October 23, 2025
Conn. Panel Doubts Ex-Alex Jones Atty Can Skirt Suspension
Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt that a lower court abused its discretion in crafting the sanction for violating a confidentiality order.
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October 23, 2025
FTX Trust Too Early On Ch. 11 Claim Jurisdiction Rules
A Delaware bankruptcy judge told FTX's recovery trust Thursday it was too early in proposing restrictive jurisdiction procedures that would allow it to deny claims payable to creditors in countries with tight cryptocurrency laws, saying such powers should be saved for later in the administration process.
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October 23, 2025
Amid Restructuring, It's A Busy Year For WeightWatchers GC
It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped navigate the company through a bankruptcy reorganization as well as guide it through the changing protocol to sell weight loss drugs.
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October 22, 2025
Kroll Wants FTX Hack Suit Tossed, Arbitrated Or Moved
Bankruptcy claims agent Kroll Restructuring Administration LLC has asked a Texas federal judge to transfer or sink a proposed class action over a data breach that affected creditors of FTX Trading Ltd., BlockFi Inc. and Genesis Global Holdco LLC, pointing to alleged standing issues and an online arbitration agreement.
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October 22, 2025
Celsius Founder's Counsel Seeks Exit Over Unpaid Fees
Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence, citing irreconcilable differences in litigation strategy and Mashinsky's failure to pay significant outstanding legal fees.
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October 22, 2025
6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit
The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optimism about the ultimately failed deal wasn't intentionally false.
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October 22, 2025
Claire's Urges Ok For Plan In 'Remarkably Successful' Ch. 11
Jewelry retailer Claire's urged a Delaware bankruptcy judge Wednesday to confirm its Chapter 11 plan, saying its bankruptcy had been "remarkably successful," and it intends to resolve the only objection to its plan before the decisive hearing.
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October 22, 2025
Purdue Fights Baltimore Objection Ahead Of Ch. 11 Plan Trial
Purdue Pharma LP told a New York bankruptcy judge on Wednesday it is concerned a recent objection to its Chapter 11 plan brought by the city of Baltimore could disrupt its case just weeks before the drugmaker is set to begin trial on a deal that creditors overwhelmingly support.
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October 22, 2025
Subprime Auto Lender PrimaLend Hits Ch. 11 Seeking Sale
Subprime auto loan company PrimaLend Capital Partners LP filed for Chapter 11 in Texas bankruptcy court Wednesday, listing more than $100 million in debt and saying that it is pursuing a value-maximizing sale transaction.
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October 21, 2025
Woodbridge Trustee Wins Clawback Claims Against Broker
A Delaware bankruptcy judge has ordered an outside broker to pay almost $60,000 in commissions she earned back to the liquidating trustee for the Woodbridge Group of Cos., finding the transfers were made in furtherance of the company's almost $1.3 billion Ponzi scheme, regardless of whether the broker was aware of the fraud.
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October 21, 2025
Omnicare Gets OK To Nix Pharmacy Leases In Ch. 11
Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, received a Texas bankruptcy judge's permission Tuesday to reject leases for pharmacies and its former headquarters as it works to sell its business in Chapter 11.
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October 21, 2025
Purdue Touts Wide Support For Latest Ch. 11 Plan
Pharmaceutical titan Purdue Pharma heralded Tuesday that its newest Chapter 11 plan has almost total support from voting creditors, saying the proposal could pave the way to creditors receiving more than $7 billion, after its well-publicized role in the opioid epidemic pushed the company into bankruptcy and the U.S. Supreme Court rejected its original plan.
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October 21, 2025
Meet The Attys Advising First Brands' Creditors Committee
The official committee of unsecured creditors in car parts group First Brands' Chapter 11 has retained a dozen attorneys from Cole Schotz PC and Brown Rudnick LLP to represent it in the case.
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October 21, 2025
Telecom Lender Carriox Units Hit Ch. 11 With $500M+ Debt
Two affiliates of telecommunications financing provider Carriox Capital filed for Chapter 11 protection in a New York bankruptcy court with between $500 million and $1 billion in debt.
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October 21, 2025
Oil Industry Emergency Response Firm Ambipar Hits Ch. 11
Cayman Islands-based Ambipar Emergency Response, which provides crisis management services for oil spills and fires, filed for Chapter 11 protection in Texas, listing more than $1 billion of assets and $328.2 million of liabilities.
Expert Analysis
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Performing Stand-Up Comedy Makes Me A Better Lawyer
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.
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3 Del. Bankruptcy Cases Highlight US Trustee Objections
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.
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Adapting To Private Practice: From SEC To BigLaw
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.
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4 Ways Women Attorneys Can Build A Legal Legacy
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.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
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.
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Lessons Learned From SAS' Flight Through Chapter 11
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.
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Bankruptcy Ruling Provides Guidance On 363 Asset Sales
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.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
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.
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Playing Beach Volleyball Makes Me A Better Lawyer
My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.
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Terraform Case May Be Bellwether For Crypto Enforcement
The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.
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How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
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5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
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How Courts Can Filter Nonmeritorious Claims In Mass Torts
Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.