Large Cap

  • December 18, 2025

    Judge Nixes Yellow Corp. Committee's Extra Banker Fees Bid

    A Delaware bankruptcy judge Thursday denied a request from Yellow Corp.'s creditors committee to pay its investment banker an additional $3.75 million, finding the adviser knew the former trucking company's Chapter 11 would be complicated when it agreed to a fixed payment structure.

  • December 18, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Bitcoin mining company Rhodium received the go-ahead for its liquidation plan. The U.S. Trustee's Office suggested installing a Boies Schiller partner as the examiner in First Brands' Chapter 11 and asked that a European packaging maker's bankruptcy proposal be rejected.

  • December 18, 2025

    McGuireWoods Adds Energy Restructuring Pro From DOJ

    McGuireWoods LLP announced Thursday that it has hired a former senior bankruptcy counsel at the U.S. Department of Justice, whose experience includes the two largest offshore oil and gas bankruptcies in U.S. history.

  • December 18, 2025

    TPI Gets OK On $18M Settlement Tied To Uptier Suit

    A Texas bankruptcy judge on Thursday signed off on wind turbine blade maker TPI Composites Inc.'s $18 million deal to end litigation over an uptier transaction it completed years before seeking Chapter 11 protection, letting unsecured creditors share in the recoveries of TPI's senior lender.

  • December 18, 2025

    Purdue Mediator Says Failure Was Not An Option, Part 2

    Former bankruptcy Judge Shelley C. Chapman mediated a $7.4 billion settlement in the Chapter 11 case of Purdue Pharma that received court approval last month. She spoke with Law360 about the pressure she faced to reach a deal and the 18-hour mediation sessions that came with renewed negotiations after the U.S. Supreme Court threw out a critical element of the agreement. She also discussed the role of nonmonetary relief for creditors, including the removal of the Sackler name from buildings and institutions.

  • December 17, 2025

    Watchdog Pushes To Strip Genesis Of Ch. 11 Control

    The U.S. Trustee's Office is seeking to wrest control from bankrupt Genesis Healthcare Inc., alleging the nursing home operator's Chapter 11 case in Texas is being undermined by an insider and his loyalists and arguing that new independent oversight is needed.

  • December 17, 2025

    Jackson Walker Wants Settlements Heard Before Romance Trial

    Following a Texas federal judge's decision to hold off on reviewing malpractice settlements with former bankruptcy clients, Jackson Walker LLP asked the court to reconsider, as the pending motions could save parties time and money.

  • December 17, 2025

    Meet The Attorneys In Self-Driving Tech Co. Luminar's Ch. 11

    A team of lawyers from Weil Gotshal & Manges LLP is representing Luminar Technologies Inc., a developer of lidar technology used in autonomous vehicles, in its Chapter 11 case as the company moves to sell its assets. 

  • December 17, 2025

    Purdue Ch. 11 Mediator Says Settlement Took A Village, Part 1

    Former U.S. Bankruptcy Judge Shelley C. Chapman oversaw the most complex mediation she has seen to date as she guided settlement negotiations in the Chapter 11 case of OxyContin maker Purdue Pharma, and those efforts resulted in a $7.4 billion deal confirmed by a New York court last month.

  • December 17, 2025

    Jenner & Block Elevates 15 To Partner, Special Counsel

    Jenner & Block LLP has selected 15 attorneys in five offices who will receive new titles when the new year begins, including an increase in the number of partners promoted versus last year and a slight dip among special counsel promotions.

  • December 17, 2025

    First Brands' Former CEO Moves To Dismiss Fraud Case

    Patrick James, the founder and former CEO of First Brands Group, urged a Texas bankruptcy judge to toss an adversary suit the auto-parts maker filed targeting him, saying the complaint failed to adequately accuse him of fraudulent activity.

  • December 17, 2025

    Tricolor Execs Charged With Fraud In Billion-Dollar Collapse

    A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.

  • December 16, 2025

    Luminar Can Use $25M Cash Reserves For Speedy Ch. 11

    A Texas bankruptcy judge Tuesday agreed to allow Luminar Technologies Inc., a bankrupt developer of lidar technology for autonomous vehicles, to use its $25 million in cash collateral to fund its Chapter 11 case as it heads to a planned sale.

  • December 16, 2025

    Pine Gate Gets OK For $500M Credit Bid Sale In Ch. 11

    Bankrupt solar energy developer Pine Gate Renewables can proceed with a credit bid asset sale to one of its secured lenders valued at about $500 million, a Texas bankruptcy judge decided Tuesday.

  • December 16, 2025

    Levona Says New Docs Show Reed Smith Lied In $102M Feud

    Levona Holdings Ltd. is pressing a Manhattan federal court to vacate what it calls a fraudulent $102 million arbitral award issued to international shipping company Eletson, arguing that new documents released under the crime-fraud exception show that the company and its prior attorneys at Reed Smith LLP lied during the arbitration.

  • December 16, 2025

    Bullivant Houser Files For Ch. 11 After November Closure

    The now-shuttered Bullivant Houser Bailey PC has filed for Chapter 11 protection in California, with its chief dissolution officer saying the bankruptcy was filed so the firm can liquidate its assets as it continues "an orderly wind-down" of its operations.

  • December 16, 2025

    Catching Up With New Bankruptcy Case Action

    The company behind Roomba robot vacuums entered Chapter 11 in Delaware. A subsidiary of sustainable metal and glass packaging company Ardagh Group filed for Chapter 15 recognition in New York. And a self-driving technology company petitioned for bankruptcy protection in Texas.

  • December 16, 2025

    Willkie Adds Another Kirkland Restructuring Pro In New York

    Willkie Farr & Gallagher LLP has added another restructuring attorney from Kirkland & Ellis LLP after recently welcoming a Kirkland attorney as chair of its restructuring group.

  • December 15, 2025

    VC Apple Tree Fights Billionaire Backer's Ch. 11 Dismissal Bid

    A Delaware bankruptcy judge on Monday declined to quickly decide a motion to dismiss venture capital biotechnology investor Apple Tree Life Sciences Inc.'s Chapter 11 case brought by the family trust of a Russian billionaire who has backed the fund for more than a decade.

  • December 15, 2025

    Fast-Track Sale Timeline Denied In Furniture Co. Ch. 11

    A Delaware bankruptcy judge rejected an expedited timeline for the sale of the assets of home furnishing retailer American Signature Furniture, finding that the proposed 34-day process would not give enough time for an investigation of insider claims and the appointment of a consumer privacy ombudsman.

  • December 15, 2025

    Spirit Gets Another $100M; Probe Finds No Ch. 22 Bad Faith

    Spirit Airlines will be able to tap into an additional $100 million of post-bankruptcy financing, it said Monday, the same day that an examiner found no evidence of bad faith in the budget airline's back-to-back Chapter 11 filings.

  • December 15, 2025

    Meet The Attorneys Leading NY Church's Ch. 11

    A team of lawyers from Klestadt Winters Jureller Southard & Stevens LLP is representing the Church of the Immaculate Heart of Mary in its Chapter 11 case as the parish seeks to halt litigation over nine child sex abuse claims.

  • December 15, 2025

    Ed Tech Co. Anthology Can Send Ch. 11 Plan To Creditor Vote

    A Texas bankruptcy judge on Monday cleared Anthology Inc. to solicit votes on its Chapter 11 plan, which would see senior creditors receive the majority of equity in the reorganized education technology group.

  • December 15, 2025

    Judge Rejects Genesis Auction, OKs Prospect Ch. 11 Plan

    A bankruptcy judge in Texas rejected the result of an auction in Genesis Healthcare's Chapter 11 and confirmed Prospect Medical's bankruptcy plan, and another judge allowed Pine Gate Renewables to access more than $1.6 billion in postpetition funding.

  • December 15, 2025

    First Brands Gets June Trial In Fraud Case Against Ex-CEO

    A Texas bankruptcy judge on Monday agreed to schedule a two-week trial in First Brands' adversary case against former CEO Patrick James, saying he would hear in June the auto-parts maker's allegations that James' fraud led to the company's collapse. 

Expert Analysis

  • Law School's Missed Lessons: Client Service

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    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

  • ConvergeOne Ruling May Disrupt Backstop Fee Approach

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    A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted market practice when it comes to sourcing new capital for a restructuring, while offering a nebulous market test for a new approach, say attorneys at Ropes & Gray.

  • Junior Attys Must Beware Of 5 Common Legal Brief Mistakes

    Excerpt from Practical Guidance
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    Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.

  • 3rd Circ. Clarifies Ch. 11 3rd-Party Liability Scope Post-Purdue

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    A recent Third Circuit decision that tort claims against the purchaser of a debtor's business belong to the debtor's bankruptcy estate reinvigorates the use of Chapter 11 for the resolution of nondebtor liability in mass tort bankruptcies following last year's U.S. Supreme Court ruling in Purdue Pharma, say attorneys at Sullivan & Cromwell.

  • Power To The Paralegals: How And Why Training Must Evolve

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    Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.

  • Law School's Missed Lessons: Mastering Time Management

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    Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

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    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

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