Large Cap
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October 09, 2025
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
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October 09, 2025
Ga. Univ. Dorm Operator Floats Ch. 11 Plan With Sale
Bankrupt dormitory operator Corvias Campus Living-USG LLC has filed a Chapter 11 plan centered on a sale of buildings to the University System of Georgia Board of Regents for $208.5 million to pay down existing note debt.
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October 09, 2025
Bankrupt EdTech Co. Couldn't Graduate From COVID Boom
Educational technology company Anthology expanded quickly amid pandemic-era growth in remote learning, but then it ran into stiff competition when rivals also moved into the sector and became mired in operational dysfunction, leading the business down a path to bankruptcy, court documents showed.
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October 09, 2025
First Brands Creditor Wants Examiner After $2.3B 'Vanished'
First Brands creditor Raistone Capital urged a Texas bankruptcy judge to appoint an independent examiner in the car parts maker's Chapter 11 case, saying no one has been held accountable for up to $2.3 billion that "simply vanished."
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October 09, 2025
Big Lots Gets OK For $6.5M Deal On Exec Claims
A Delaware bankruptcy judge on Thursday approved a $6.5 million settlement between retail chain Big Lots and its directors and officers, resolving claims by unsecured creditors that the company's board bungled an attempt to sell the company last year.
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October 08, 2025
Auto Industry In Spotlight After Tricolor, First Brands Ch. 11s
The recent bankruptcies of auto parts maker First Brands and subprime lender Tricolor are shining a spotlight on the auto sector with observers on the lookout for signs of further distress in the industry, as other companies with their own sets of unique problems could come under pressure.
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October 08, 2025
LA County Probes Firm's Conduct In $4B Sex Abuse Deal
The Los Angeles County Board of Supervisors has unanimously voted to launch an investigation into a record $4 billion sex abuse settlement it approved earlier this year following claims that the Downtown L.A. Law Group paid people to file complaints.
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October 08, 2025
Avon Trust Sues Insurers Over Coverage Of Talc Liabilities
A trust established to pay asbestos claimants in Avon's Chapter 11 has urged a Delaware state court to rule that almost 30 insurers must help indemnify more than $225 million of the cosmetics company's talc injury liabilities, saying the insurance carriers had or would fail to do so.
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October 08, 2025
Irish Court Bars Russian Arbitral Awards In GTLK Liquidation
Ireland's High Court has blocked a Russian state-owned aircraft leasing company from enforcing awards issued in arbitration in Russia challenging the liquidation of the company's Irish aviation and maritime leasing subsidiary GTLK Europe DAC.
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October 08, 2025
Genesis Judge OKs Creditor Attys But Warns Of 'Dysfunction'
A Texas bankruptcy judge on Wednesday approved bids by Proskauer Rose LLP and Stinson LLP to represent unsecured claimholders in Genesis Healthcare Inc.'s Chapter 11 case but cautioned that "dysfunction" and inefficient case management could render the estate administratively insolvent.
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October 08, 2025
Judge Won't Lift Ch. 9 Stay In Chester Utility Dispute
A bankruptcy judge ruled Wednesday that the water utility for Chester, Pennsylvania, can't try to alter a five-year-old state court order allowing the bankrupt city to seek bidders for the utility company's assets.
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October 08, 2025
Judge To OK Neiman Marcus Trust's Altered Payout Scheme
A Texas bankruptcy judge said on Wednesday he would allow the liquidating trustee in reorganized debtor Neiman Marcus' bankruptcy case to make distributions to unsecured creditors largely along the trustee's requested lines but without an abbreviated deadline for unclaimed funds to revert to the trust.
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October 07, 2025
Prospect Medical Fights $1M Software Fee Claims In Ch. 11
Prospect Medical Holdings Inc. says the pending Chapter 11 proceedings for its hospitals in California and Connecticut should keep two technology companies from demanding more than $1 million in payment for disputed software and IT contracts, according to Prospect's filings with a Texas bankruptcy court on Monday.
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October 07, 2025
Puerto Rico Utility Bondholders Pull Out Of Reorg Deal
A group of Puerto Rico Electric Power Authority bondholders Tuesday informed a bankruptcy judge that they were following through on a promise to exit a restructuring agreement and join other bondholders in supporting an alternative bankruptcy plan for PREPA.
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October 07, 2025
BML Defends Bid To Pursue Claims Against CCA Parent Co.
BML Properties, the developer of the Baha Mar resort in the Bahamas, defended its bid to bring direct claims against the parent company of CCA Construction, telling a New Jersey bankruptcy judge that CCA's estate is raising illogical arguments to avoid BML pursuing its controlling shareholder.
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October 07, 2025
CVS Says Rite Aid Not Complying With Ch. 11 Sale Order
CVS Pharmacy Inc. has asked a New Jersey bankruptcy judge to enforce his May order approving the sale of 625 Rite Aid pharmacy operations and 64 drug stores, alleging the debtor has not provided druggist insurance as required for its ex-employees who are now working for CVS.
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October 07, 2025
3rd Circ. Won't Rehear J&J Investor Cert. Appeal
The U.S. Court of Appeals for the Third Circuit declined Tuesday to reconsider backing a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to disclose cancer risks.
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October 07, 2025
Bankrupt Omnicare Faced Myriad Woes Before $1B Judgment
A nearly $1 billion judgment for falsely billing the government for prescriptions sent Omnicare into bankruptcy, but Medicare and Medicaid reimbursement issues and other difficulties had been weighing on the nursing home pharmacy for years.
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October 07, 2025
Catching Up With New Bankruptcy Case Action
A software company in the educational technology industry initiated Chapter 11 proceedings with more than $1 billion in debt. A restaurant chain that abruptly closed its locations last month began a Chapter 7. And an entity seemingly related to a 100-year-old hotel's renovation entered Chapter 11 bankruptcy hauling at least $50 million in debt.
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October 06, 2025
Judge Questions Kidde-Fenwal's Ch. 11 Plan Disclosures
A Delaware bankruptcy judge said she would review proposed changes to the Chapter 11 plan disclosure from firefighting foam maker Kidde-Fenwal after expressing concern at a hearing Monday about not getting a list of how different claims would be treated.
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October 06, 2025
Puerto Rico Finance Board Members' Removal Paused
A federal district court judge blocked President Donald Trump's removal of three members of the Financial Oversight and Management Board for Puerto Rico who had accused the president of illegally firing them without cause.
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October 06, 2025
Lender Favors In Ch. 11 Get Riskier With ConvergeOne Ruling
Companies that offer incentives to select lenders in bankruptcy could face new legal challenges following a Texas federal court's ruling in the case of ConvergeOne, whose Chapter 11 plan was found to have violated the law by excluding certain creditors from a lucrative equity offering, experts told Law360.
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October 06, 2025
First Brands Gets $1B DIP, Hooters Approved To Exit Ch. 11
A Texas bankruptcy judge granted an interim approval for First Brands' $1.1 billion debtor-in-possession loan. Hooters of America won court approval of its reorganization plan. The judge ruled the automatic stay in Alex Jones' Chapter 7 case does not extend to his media company, Free Speech Systems, while the unsecured creditors' committee in TPI Composites' Chapter 11 sued its equity holder, alleging a prepetition uptier deal unfairly elevated its creditor status.
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October 06, 2025
Judge Grants Modivcare Permission To Take Ch. 11 Plan Vote
A Texas bankruptcy judge on Monday permitted Modivcare to send its Chapter 11 plan out for a vote, saying he was going to trust the debtor to move expeditiously towards a confirmation hearing but would divert from the schedule if necessary.
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October 06, 2025
Orrick Adds 37-Lawyer CLO Team From Cadwalader
Orrick Herrington & Sutcliffe LLP announced Monday that it has opened a new office in Charlotte, North Carolina, and added a 37-lawyer collateralized loan obligations and asset-backed lending team from Cadwalader Wickersham & Taft, part of a larger exodus of Cadwalader attorneys tracked by Law360 Pulse.
Expert Analysis
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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.
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Exploring Venue Strategy For Trump-Era Regulatory Litigation
Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.
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Consultants Should Be Aware Of DOJ's Potential New Reach
The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.
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Playing Esports Makes Me A Better Lawyer
Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.
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An Associate's Guide To Career Development In 2025
As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.
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Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
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Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
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When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
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What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
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How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.
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Group Running Makes Me A Better Lawyer
The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.