Large Cap

  • June 02, 2025

    Girardi's Dropped Pants Don't Sway Judge From Sentencing

    A California federal judge ruled Monday she will sentence Tom Girardi this week for his wire fraud conviction, finding him mentally competent enough to potentially serve prison time following a bizarre hearing where the disbarred attorney made an appearance on the witness stand that culminated in his pants falling down.

  • June 02, 2025

    Jackson Walker, US Trustee Agree To Mediator In Fees Case

    Jackson Walker LLP and the federal government's bankruptcy watchdog have agreed to mediation in their fee dispute stemming from an ethics scandal in Texas, with the two sides agreeing that retired judge Joan N. Feeney should mediate.

  • June 02, 2025

    Mayer Brown Adds Restructuring Co-Head From Cahill Gordon

    An attorney specializing in assisting corporate clients with bankruptcy matters has recently left Cahill Gordon & Reindel LLP after more than 17 years and moved his practice to Mayer Brown LLP, where he has been tapped to co-lead the firm's restructuring group.

  • June 02, 2025

    J&J Again Seeks To Block Beasley Allen In NJ Talc Litigation

    Johnson & Johnson has opposed a New Jersey talc claimant's motion for the pro hac vice admission of two attorneys from The Beasley Allen Law Firm, claiming the partners' conduct in its talc unit's bankruptcy proceedings warrants denial of the application.

  • June 02, 2025

    Syracuse Diocese Pauses Plan Hearing To Seek Insurer Deal

    A New York bankruptcy judge Monday agreed to postpone for a month a hearing on the Roman Catholic Diocese of Syracuse's Chapter 11 plan after the diocese said it wanted more time to work out one last insurance settlement.

  • June 02, 2025

    Supreme Court Asks US To Weigh In On Hertz's Ch. 11 Appeal

    The U.S. Supreme Court invited the solicitor general Monday to file a brief in car rental giant Hertz's challenge to a Third Circuit ruling that as a solvent debtor it owed noteholders $272 million in interest and fees when it emerged from Chapter 11.

  • May 30, 2025

    Judge OKs Steward Lender Deal, Ch. 11 Plan Vote

    A Texas bankruptcy judge on Friday sent Steward Health Care's Chapter 11 plan out for a creditor vote and approved a settlement between the hospital chain and its secured lenders, saying the deal is the only way any other creditors will see a dime.

  • May 30, 2025

    What's Happening In Bankruptcy Court This Coming Week

    This coming week, bankruptcy judges will hear arguments regarding the Chapter 11 plans of the Catholic diocese in Syracuse, New York, medical device manufacturer Exactech and nursing facility operator Petersen Health Care. Meanwhile, genetics company Synthego is seeking final approval of $50 million in debtor-in-possession financing. Additionally, right-wing conspiracy theorist Alex Jones is preparing for a status conference in his Chapter 7 case.

  • May 30, 2025

    Quick Growth, Stiff Competition Led To Everstream's Ch. 11

    Everstream, a provider of fiber networks to businesses, was pushed into Chapter 11 by burdensome debt, disappointing returns on an aggressive expansion effort and a highly competitive market despite efforts to address its problems, according to its bankruptcy papers.

  • May 30, 2025

    New Orleans Diocese Ch. 11 Plan Hearings Slated For Sept.

    A Louisiana bankruptcy judge Friday scheduled a confirmation trial to begin in late September in the Archdiocese of New Orleans' Chapter 11 case, saying the proceedings have been ongoing for five years and she doesn't want them to stretch into 2026.

  • May 30, 2025

    Barclay Damon Adds Ex-Lite DePalma Bankruptcy Chair

    Barclay Damon LLP has added the former chair of Lite DePalma Greenberg & Afanador LLC's corporate, commercial and bankruptcy department to bolster its bankruptcy team and enhance its commercial and corporate litigation services.

  • May 30, 2025

    Trump Admin To Defend Biden's For-Profit College Loan Rule

    The Trump administration will defend parts of a Biden-era U.S. Department of Education rule allowing students to have their federal loans forgiven over their college's misconduct, asking the U.S. Supreme Court to resume briefing in a case that will pit the administration against the for-profit college industry.

  • May 30, 2025

    Titans Of The Plaintiffs Bar: Philippe & Jennifer Selendy

    Philippe and Jennifer Selendy, who met as associates at Cravath Swaine & Moore LLP and married in 1997, each spent nearly three decades building distinguished legal careers. They now continue their partnership at Selendy Gay PLLC, founded in 2018, which has quickly grown into one of the nation's leading litigation firms, recovering more than $47 billion for their clients.

  • May 30, 2025

    3rd Circ. Preview: Tribal Immunity Limits On Deck For June

    The Third Circuit's June argument lineup will find a finance company fighting a proposed class action over allegedly predatory payday loan fees because of its tribal ties, while a plumbing company argues that it does not have to arbitrate a union grievance.

  • May 30, 2025

    Saudi Prince Again Ducks Bankruptcy Over $1.2B Debt

    A Saudi Arabian prince evaded a bankruptcy petition from telecommunications business over a $1.2 billion arbitration debt, as a London appeals court ruled Friday that the company cannot challenge an earlier finding that its application was invalid.

  • May 29, 2025

    Steward Health Seeks OK For Lender Deal, Ch. 11 Plan Vote

    Hospital chain Steward Health Care on Thursday asked a Texas bankruptcy judge to approve a settlement with its Chapter 11 lenders and send its bankruptcy plan out for a creditor vote, overruling arguments the deal would render the vote meaningless.

  • May 29, 2025

    Cloudflare Asks To Appeal Decision In $50M Celsius Case

    Cybersecurity company Cloudflare has urged a New York bankruptcy judge to let it appeal his decision to not dismiss a $50 million adversary lawsuit brought against the business by cryptocurrency debtor Celsius Networks, saying that questions about the defendant's duty of care need to be addressed.

  • May 29, 2025

    Fiber Internet Co. Everstream Can Use $35M Of DIP Package

    A Texas bankruptcy judge Thursday gave Everstream Networks permission to tap $35 million of its $186 million debtor-in-possession financing package as the company, which provides fiber network services to businesses, moves toward a Chapter 11 sale to a competitor.

  • May 29, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A creditors committee objected to Party City's liquidator, Gordon Brothers, being classified as an estate professional entitled to funds in the retailer's bankruptcy. Blue Cross Blue Shield of Massachusetts challenged Steward Health Care's Chapter 11 liquidation plan, and the debtor proposed a revised plan featuring a settlement. And customer loyalty company Kognitiv moved to dismiss its Chapter 11 case, saying it has nothing left to sell.

  • May 29, 2025

    Meet The Attorneys In Brazilian Airline Azul's Ch. 11

    A team of lawyers from Davis Polk & Wardwell LLP is leading the Chapter 11 case of Azul SA, one of Brazil's largest airlines, as the company pursues a prearranged plan to cut $2 billion in debt from its balance sheet.

  • May 29, 2025

    Calif. Biofuel Co. Can Tap Full $100M Ch. 11 DIP Package

    A Texas bankruptcy judge Thursday authorized Global Clean Energy, a Southern California-based biofuel refinery operator, to use the remainder of $100 million in new funds provided under a debtor-in-possession financing package and send its Chapter 11 plan to creditors for a vote.

  • May 29, 2025

    High Court Pauses 5th Circ.'s Highland Ch. 11 Liability Ruling

    The U.S. Supreme Court on Thursday allowed bankrupt hedge fund Highland Capital to continue shielding certain key parties in its Chapter 11 case from liability while the debtor appeals a Fifth Circuit decision striking down those protections.

  • May 29, 2025

    Stevens & Lee Adds Montgomery McCracken Bankruptcy Atty

    Stevens & Lee announced Thursday it has hired an attorney who formerly worked at Montgomery McCracken Walker & Rhoads LLP to bolster its bankruptcy and financial restructuring group in Delaware.

  • May 28, 2025

    Highland Wants High Court To Preserve Ch. 11 Liability Shield

    Defunct hedge fund Highland Capital Management has asked the U.S. Supreme Court to keep its Chapter 11 plan in place while it appeals a reversal from the U.S. Court of Appeals for the Fifth Circuit, saying it needs to keep its fiduciaries protected lest its former CEO mire them in litigation.

  • May 28, 2025

    Franchise Group's Ch. 11 Debt Cut Plan Largely Confirmed

    The Chapter 11 plan proposal of retail chain owner Franchise Group Inc. that will slash $1.5 billion of debt from the company's balance sheet received approval Wednesday from a Delaware bankruptcy judge, with the notable exception of the plan for the parent company debtor over an issue with meeting the legal standard for confirmation.

Expert Analysis

  • Playing Esports Makes Me A Better Lawyer

    Author Photo

    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

    Author Photo

    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.

  • Making The Pitch To Grow Your Company's Legal Team

    Author Photo

    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.

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

    Author Photo

    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.

  • When US Privilege Law Applies To Docs Made Outside The US

    Author Photo

    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.

  • What 2024 Trends In Marketing, Comms Hiring Mean For 2025

    Author Photo

    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.

  • How The Onion Could Still Buy InfoWars

    Author Photo

    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.

  • Group Running Makes Me A Better Lawyer

    Author Photo

    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.

  • 6 Changes I Would Make If I Ran A Law School

    Author Photo

    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.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

    Author Photo

    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.

  • A Closer Look At SDNY Bankruptcy Rule Amendments

    Author Photo

    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.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

    Author Photo

    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.

  • Gardening Makes Me A Better Lawyer

    Author Photo

    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.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.