Large Cap
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August 19, 2025
Catching Up With New Bankruptcy Case Action
A Texas-based chemical recycling company filed bankruptcy papers, disclosing more than $400 million of debt. A Patriarch Partners-tied fragrance company is looking to sell its assets in a new Chapter 11. And a nursing home pharmacy business blamed industry consolidation for its bankruptcy filing.
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August 19, 2025
Sunnova's $118M Sale Can Proceed Despite Bank's Protest
A Texas bankruptcy judge Tuesday declined to undo a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., rejecting a St. Louis-area bank's argument that the debtor failed to disclose that nondebtor assets would be part of the transaction.
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August 19, 2025
Linqto Says Ch. 11 Plan Will Have In-Kind Customer Payment
Linqto and its unsecured creditors committee told a Texas bankruptcy judge Tuesday that they have come to an agreement to give customers the chance for in-kind payment in the investment platform's Chapter 11 plan.
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August 18, 2025
Catching Up With Delaware's Chancery Court
Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court.
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August 18, 2025
Six Firms Get $146M In Fees In Boy Scouts Ch. 11
A Delaware bankruptcy judge has approved more than $146 million in fees sought by six law firms in Boy Scouts of America's Chapter 11, overruling a request from the U.S. Trustee's Office to trim $3.3 million off the bills.
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August 18, 2025
NY Judge Questions Brazilian Co. Oi's Ch. 15-To-Ch. 11 Shift
A New York federal bankruptcy judge expressed concerns about a Brazilian telecommunications company's novel plans to undo Chapter 15 recognition of a restructuring proceeding in its home country so it can file for Chapter 11 protection in the U.S.
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August 18, 2025
Court Sets Mediator For Prima Wawona Ch. 11 Claims Fight
A Delaware bankruptcy judge appointed a former bankruptcy judge and Skadden attorney to mediate a dispute between the liquidating trustee for fruit producer Prima Wawona and an entity that backed workers comp insurance for Prima Wawona.
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August 18, 2025
Burr & Forman Must Face Claims From Healthcare Scheme
A Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of fiduciary claims from a pair of bankruptcy trustees.
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August 18, 2025
Del Monte Gets Final DIP OK, Yellow Corp. Seeks $16M Sales
A New Jersey bankruptcy judge handed down final approval of Del Monte's debtor-in-possession financing, Yellow Corp. asked a Delaware bankruptcy judge to approve $16 million in real estate sales, and the U.S. trustee objected to confirmation of Chapter 11 plans for Hooters and a Catholic diocese. This is the week in bankruptcy.
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August 18, 2025
Del Monte Processors Can't Get Immediate Decision On Deals
A New Jersey bankruptcy judge on Monday rejected a motion by tomato processors seeking immediate assumption or rejection of their contracts with Del Monte, saying a decision this early in the Chapter 11 case would hurt the packaged food giant's attempt to sell its assets.
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August 15, 2025
US Trustee Blasts Deals Over Jackson Walker-Judge Romance
The U.S. trustee for the Southern District of Texas on Friday objected to Jackson Walker LLP's proposed settlements with former bankruptcy clients meant to resolve fee disputes related to the concealed romance of a former lawyer with the firm and a former bankruptcy judge, arguing they should be denied or considered at trial.
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August 15, 2025
Argentina Can Stay YPF Stake Turnover, 2nd Circ. Says
The Second Circuit on Friday paused a New York federal judge's order requiring Argentina to give up its 51% equity stake in the nationalized oil company YPF SA to partially pay off a $16.1 billion judgment in investor litigation, while the country appeals.
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August 15, 2025
Real Estate Recap: Water Law, Risky Debt, NYC Rezone
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into coastal development, one bank's bullish outlook on construction financing, and Midtown Manhattan's greenlight for denser residential development.
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August 15, 2025
Chancery Says Failed FTX Claim Buy Is Outside Its Jurisdiction
A Delaware Chancery Court judge on Friday ruled that a lawsuit over a failed deal to buy a claim in the Chapter 11 case of cryptocurrency platform FTX does not belong in his court, saying the fact the bankruptcy is being heard in Delaware does not constitute a sufficient connection to the state.
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August 15, 2025
Bank Fights $118M Ch. 11 Sunnova Sale Over Tax Credit Risks
A St. Louis-area bank has asked a Texas bankruptcy judge to reconsider his approval of a $118 million sale of almost all the assets of solar panel business Sunnova Energy International Inc., arguing the debtor failed to disclose that the sale included assets owned by nondebtors, possibly threatening millions of dollars in tax credits.
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August 15, 2025
Syracuse Diocese Ch. 11 Plan Faces US Trustee's Objection
The U.S. Trustee's Office on Friday asked a New York bankruptcy judge to reject a request by the Roman Catholic Diocese of Syracuse to amend its Chapter 11 plan to accommodate recent settlements with insurance carriers, saying the changes would force liability releases on abuse claimants who have already voted.
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August 15, 2025
What's Happening In Bankruptcy Court This Coming Week
In the coming week, bankruptcy judges are set to hear issues including a Brazilian telecommunications company's proposed jump from Chapter 15 to Chapter 11, final approval of Genesis Healthcare's postpetition financing, and a settlement proposed by electric-vehicle maker Nikola Corp.
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August 15, 2025
Zips Car Wash Landlords Deny Ch. 11 Assumption Of Leases
Two landlords of Zips Car Wash said in a Texas federal district court that its lease with the debtor was properly terminated for missed payments and the company should have vacated the properties, challenging the bankruptcy court's decision allowing Zips to assume the leases.
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August 15, 2025
Insolvency Service Official Explains Economic Crime Shift
The Insolvency Service's evolution into a frontline economic crime enforcer provides the government with an agency with new powers to crack down on fraud, which gives Whitehall a powerful tool to use against unscrupulous directors.
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August 15, 2025
Yellow Corp. Seeks OK For $16M In Real Estate Sales
Trucking company Yellow Corp. asked a Delaware bankruptcy judge to approve the sale of three of its remaining truck depots for a total of just over $16 million.
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August 14, 2025
Genesis Parent Says It Met $1.1B Duty, Seeks 'Overpayments'
Crypto conglomerate Digital Currency Group Inc. on Thursday urged a New York bankruptcy judge to declare it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary, crypto lender Genesis, after rising crypto prices allegedly offset the loss the note intended to cover.
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August 14, 2025
Under The Radar: Bankruptcy News You May Have Missed
Co-owners of a rice mill accused the CEO of having exceeded his authority by starting bankruptcy. Bankrupt oil company Cox Operating's Chapter 7 trustee asked a Colorado federal court to weigh in on a property. And electric vehicle maker Nikola asked a bankruptcy court to approve a settlement.
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August 14, 2025
Meet The Attorneys Guiding Turbine Blade Maker TPI's Ch. 11
A team of lawyers from Weil Gotshal & Manges LLP is leading the bankruptcy case of Arizona-based manufacturer of blades for wind turbines TPI Composites Inc., as the company plans to hand itself over to its senior lenders.
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August 14, 2025
Del Monte Says It's Too Soon To Decide On Tomato Contracts
Packaged foods giant Del Monte asked a New Jersey bankruptcy judge to reject a motion by tomato processors seeking an immediate decision on the fate of their contracts, saying making the call this early in the Chapter 11 case would disrupt its attempts to find a buyer.
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August 14, 2025
Infowars Faces Sale As Texas Judge Appoints Receiver
A Texas state court judge has ordered the appointment of a receiver to take possession of Alex Jones' Infowars assets to help satisfy over $1 billion in judgments he faces for defaming a group of families of Sandy Hook shooting victims.
Expert Analysis
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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.
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.