Large Cap

  • October 31, 2025

    Fraud Claims Spur Dismissal Bid In First Brands SPV Cases

    Lenders to special purpose vehicle entities tied to auto parts maker First Brands Group asked a Texas bankruptcy judge to dismiss the vehicles' Chapter 11 cases or appoint a trustee, arguing that the entities' managers were improperly replaced and their funds were to be kept apart from First Brands' assets.

  • October 31, 2025

    Insurers Denied Bid To Stay Avon's Ch. 11 Plan For Appeal

    A Delaware bankruptcy judge denied a motion Thursday from insurers at Lloyd's of London to stay Avon Inc.'s Chapter 11 plan while the insurers appeal, finding the insurers had not shown they would be irreparably harmed by the plan taking effect.

  • October 31, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Eletson holdings will seek approval of a joint motion for sanction, a Delaware bankruptcy judge will consider letting Mountain Sports take plan votes and a New York City nightclub will vie for disclosure approval from the same Delaware judge.

  • October 31, 2025

    How Even Successful Ch. 11 Reorgs Can Turn Off Consumers

    Bankrupt companies risk losing up to 15% of their value as a direct result of customers ditching them over concerns that their products will decline in quality during a Chapter 11 case, according to a recent study that assessed why even successful restructurings often turn away consumers.

  • October 31, 2025

    Ill. Judge Prefers 'Clean' Dismissal Against Ex-Girardi Attys

    An Illinois federal judge told Edelson PC on Friday to either dismiss its conversion case against two former Girardi Keese attorneys in a "clean" and "unadulterated" stipulation or submit legal authority supporting its desire to condition the dismissal on him adopting side agreements the parties outlined in their filing.

  • October 31, 2025

    Baltimore Diocese Judge Orders Trial On Charitable Immunity

    A Maryland bankruptcy judge ordered the Archdiocese of Baltimore and a group of child sexual abuse claimants to prepare for a December trial on whether a charitable immunity defense should allow the Catholic organization to duck abuse claims, calling the issue "too significant" to be decided without a complete factual record.

  • October 31, 2025

    Office Building REIT Hits Ch. 11 In Texas With $1B+ Debt

    A Massachusetts-based real estate investment trust with 124 office properties nationwide has filed for Chapter 11 protection in a Texas bankruptcy court carrying more than $1 billion in debt and an equity swap agreement with its creditors in hand.

  • October 30, 2025

    Modivcare's Wind-Down Deal With UnitedHealthcare Gets OK

    A Texas bankruptcy judge approved Modivcare's settlement ending its relationship with the health insurance giant UnitedHealthcare, overruling an objection from the medical transport company's official committee of unsecured creditors.

  • October 30, 2025

    Linqto Keeps Ch. 11 Case Control Over Customer Opposition

    Bankrupt investment platform Linqto received court approval Thursday to maintain control over its Chapter 11 plan process through mid-December, with a judge in Texas deferring to the company's judgment as it navigates its complex insolvency.

  • October 30, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A trustee overseeing equity assets from Rite Aid's last Chapter 11 urged a New Jersey bankruptcy judge to let him wind the trust down. Diamondhead Casino's president and Chapter 7 trustee fought over a meeting notice. And cheese maker Rizo-Lopez Foods asked to transition its Chapter 11 proceedings into a Chapter 7 case.

  • October 30, 2025

    Long Island Diocese Asks To Close Out Ch. 11 Case

    The Roman Catholic Diocese of Rockville Centre is asking a New York bankruptcy judge to close its five-year-old Chapter 11 case, saying it has fulfilled the conditions of its Chapter 11 plan and settlement payments are flowing to the hands of sexual abuse survivors.

  • October 30, 2025

    Meet The Examiner Probing Spirit's Quick Return To Ch. 11

    Marc J. Heimowitz has seen many times what creditors experience when an airline goes bankrupt, and his deep Wall Street experience analyzing distressed companies in the industry will help him in his new role as the examiner appointed to investigate the circumstances surrounding Spirit Airlines' second Chapter 11 filing in August, just over five months after it had exited its prior bankruptcy.

  • October 30, 2025

    Pension Fund Says Yellow Plan Can't Reserve Claim Argument

    A Teamsters pension fund is urging the Delaware bankruptcy court to reject Yellow Corp.'s liquidation plan, arguing the trucking company is reserving potential arguments against the fund's $17.8 million claim that have already been resolved and discharged.

  • October 29, 2025

    Judge Says He Will End Oakland Diocese Ch. 11 By Nov. 12

    A California bankruptcy judge said Wednesday he will grant a request by the Roman Catholic Diocese of Oakland to bow out of a Chapter 11 case it started two years ago by mid-November, but rejected calls from creditors to rule the bankruptcy had been filed in bad faith.

  • October 29, 2025

    Ga. Dorm Operator Gets Ch. 11 Disclosures OK'd

    The bankrupt operator of dormitories at nine Georgia universities received approval Wednesday from a Delaware judge for its Chapter 11 disclosure statement and vote solicitation procedures, after the company reached an agreement with the colleges' regulators over the assumption of student living contracts.

  • October 29, 2025

    Hertz Urges Del. Justices To Reverse $170M Insurance Ruling

    Hertz Corp. urged the Delaware Supreme Court Wednesday to overturn a lower court's ruling that freed the car rental giant's insurers from covering $170 million in false-arrest settlements, arguing the settlements all stemmed from a faulty theft-reporting system and trigger just one self-insured retention.

  • October 29, 2025

    Claire's Gets OK To Exit Ch. 11 After Sale To Ames Watson

    Jewelry retailer Claire's on Wednesday won a Delaware bankruptcy judge's approval of a plan to exit Chapter 11 after selling most of its North American business to private equity firm Ames Watson last month.

  • October 29, 2025

    Spirit Airlines Gets Final OK For $1.23B Ch. 11 Financing

    A New York bankruptcy judge gave final approval to Spirit Airlines' $1.23 billion Chapter 11 financing package, which includes $475 million of new money and a rollup of prepetition debt.

  • October 29, 2025

    Wind Co. Says Judge Lopez Doesn't Need To Recuse

    Bankrupt wind company TPI Composites Inc. has requested that U.S. Bankruptcy Judge Chris Lopez should continue to oversee its case, saying that he does not need to recuse himself just because he previously worked for the law firm that's representing the debtor.

  • October 29, 2025

    Catching Up With New Bankruptcy Case Action

    A Las Vegas arcade is seeking Chapter 11 protection in Nevada bankruptcy court. Two companies tied to the former Hudson Hotel near Manhattan's Columbus Circle filed for bankruptcy in Delaware. And a subprime auto loan company launched insolvency proceedings in Texas.

  • October 29, 2025

    Bankrupt Chinese Exile's Wife Fights Loss Of $7.25M Mansion

    The wife of Chinese exile and convicted fraudster Miles Guo is appealing a Connecticut federal judge's decision to include a $7.25 million Greenwich mansion in her husband's Chapter 11 estate, court records show.

  • October 29, 2025

    The Retail Property Sector Is Shedding Its Old Skin

    The recent spate of big-box stores going bankrupt is a sign the sector is changing for the better and not cause for alarm for retail property investors and owners, attorneys and market experts told Law360 Real Estate Authority.

  • October 28, 2025

    US Trustee Objects To Azul Ch. 11 Plan Releases

    The U.S. Trustee's Office is asking a New York bankruptcy judge to reject Brazilian airline Azul's Chapter 11 plan disclosure, saying it contains inadequate information on a plan rendered unconfirmable by its third-party releases.

  • October 28, 2025

    Modivcare Creditors Balk At UnitedHealthcare Settlement

    Modivcare's unsecured creditors committee has objected to the medical transport company's proposed settlement with UnitedHealthcare, saying it isn't yet clear if Modivcare and the health insurance giant will part ways permanently.

  • October 28, 2025

    Spirit's Creditors Committee Backs Final DIP After Concession

    A group of creditors for Spirit Airlines have told a New York bankruptcy court they now support the budget air carrier's request for debtor-in-possession financing on a final basis, after the debtor agreed to modify several key terms, including lowering the portion of existing debt to be converted into new priority DIP loans.

Expert Analysis

  • Rethinking Litigation Risk And What It Really Means To Win

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    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

  • Lessons From Two New Year's Eve Uptier Exchange Decisions

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    On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.

  • Playing Rugby Makes Me A Better Lawyer

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    My experience playing rugby, including a near-fatal accident, has influenced my legal practice on a professional, organizational and personal level by showing me the importance of maintaining empathy, fostering team empowerment and embracing the art of preparation, says James Gillenwater at Greenberg Traurig.

  • No, Litigation Funders Are Not 'Fleeing' The District Of Del.

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    A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway.

  • 5 E-Discovery Predictions For 2025 And Beyond

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    In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    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.

  • Exercising On My Peloton Bike Makes Me A Better Lawyer

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    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.

  • 3 Factors Affecting Retail M&A Deals In 2025

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    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.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    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.

  • Consultants Should Be Aware Of DOJ's Potential New Reach

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    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.

  • Playing Esports Makes Me A Better Lawyer

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    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.

  • An Associate's Guide To Career Development In 2025

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    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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