Large Cap

  • October 01, 2025

    Coinbase Gets Securities Suit Over Biz Risks Trimmed

    A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed.

  • October 01, 2025

    Reed Smith Seeks 2nd Circ. Help Over Eletson Orders

    Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers representing the company's new owners, saying Eletson's bankruptcy plan has not validly taken effect.

  • October 01, 2025

    PG&E Brass, Underwriters Get Investors' Wildfire Suit Tossed

    A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by PG&E officials about the utility's safety practices, but said they could try a fifth time.

  • October 01, 2025

    First Brands Can Tap $1B DIP As It Seeks Stability In Ch. 11

    A Texas bankruptcy judge Wednesday gave interim approval to car parts maker First Brands' $1.1 billion debtor-in-possession loan, freeing up $500 million in funds, after a stalled refinancing and limited liquidity pushed it to Chapter 11.

  • October 01, 2025

    Alex Jones Ch. 7 Stay Doesn't Protect Co. Assets, Judge Says

    The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, Free Speech Systems.

  • October 01, 2025

    Conn. Diocese Attys Slam US Trustee's $3.1M Fee Complaint

    The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined professional fees were not actual, necessary and reasonable in light of a mediator's efforts.

  • October 01, 2025

    Genesis Healthcare Sues HHS To Halt Ala. Facility Closure

    Genesis Healthcare has filed an adversary complaint against the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services as it seeks to keep open an Alabama skilled nursing facility that the government is trying to shut down.

  • October 01, 2025

    Hub Hires: Morgan Lewis, WilmerHale, Simpson Thacher

    Other than the Red Sox and a few muggy late summer days, few things were hotter in September than the Boston legal market. Morgan Lewis made four lateral hires, WilmerHale welcomed back an experienced life sciences attorney, and Simpson Thacher snagged a former Goodwin banking lawyer.

  • September 30, 2025

    McKinsey Trims Endo Suit But Can't Nix Indemnification Claim

    A New York bankruptcy judge trimmed an adversary suit Monday claiming McKinsey & Co. Inc. should pay at least $1.5 billion to cover costs bankrupt pharmaceutical developer Endo International racked up defending against opioid claims, tossing nearly all allegations with leave to amend, but greenlighting an indemnification claim.

  • September 30, 2025

    Auto Parts Maker First Brands Probes Invoice Deals

    First Brands, an automotive parts producer that recently launched a Chapter 11 case with more than $10 billion of debt, has said it launched an investigation into transactions the company entered to secure liquidity.

  • September 30, 2025

    Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims

    The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.

  • September 30, 2025

    HSBC Gets $324M Claims Tossed In Row With Madoff Trustee

    A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.

  • September 30, 2025

    Spirit Lines Up $475M DIP, Expects $150M From AerCap Deal

    Spirit Airlines has lined up $475 million in Chapter 11 financing, its attorney told a New York bankruptcy judge Tuesday at a hearing in which he also shared that its largest lessor, AerCap, would be giving the debtor $150 million in cash as part of a recently announced deal.

  • September 30, 2025

    Meet The New Acting US Trustee For Indiana, Illinois

    Monica Kindt has been named by Attorney General Pamela Bondi as the acting U.S. Trustee for Indiana and for the Central and Southern Districts of Illinois, Region 10, succeeding Nancy J. Gargula, who retired after more than two decades of service to the U.S. Trustee Program.

  • September 30, 2025

    Education Tech Co. Anthology Hits Ch. 11 With Over $1B Debt

    Anthology Inc., a software company in the educational technology space, filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt, saying it intends to sell parts of its business and restructure the rest.

  • September 30, 2025

    Retailer At Home Gets OK For Equity Swap Ch. 11 Plan

    A Delaware bankruptcy judge Tuesday said she would approve household furnishings retailer At Home Group Inc.'s plan to cut $1.6 billion in funded debt with an equity swap the company said was supported by nearly all creditors.

  • September 29, 2025

    Supreme Court Considers 7 Patent Petitions

    The U.S. Supreme Court held its first conference Monday, presenting the justices with several petitions of interest to patent practitioners before the court's new term kicks off next week.

  • September 29, 2025

    In Chancery, Bankrupt First Brands Accused Of Deal Breach

    Automotive manufacturer Grammer Inc. filed a suit in the Delaware Chancery Court accusing APC Parent LLC and guarantor First Brands Group, which filed for Chapter 11 protection on Sunday, of breaching multiple agreements and withholding more than $20 million in payments involved with a $40 million merger.

  • September 29, 2025

    Cayman Liquidators Lack Standing On All Claims In SVB Case

    A New York bankruptcy judge Monday found the liquidators of Silicon Valley Bank's Cayman Islands branch lacked standing in their bid to bring some $944 million in claims, ruling that the officials failed to timely file adversary complaints and proofs of claim in the case.

  • September 29, 2025

    Genesis Healthcare Gets Reprieve At Alabama Nursing Facility

    A Texas bankruptcy judge Monday gave Genesis Healthcare Inc. up to 15 more days of breathing room to deal with issues at an Alabama skilled nursing facility that the government has been trying to shut down.

  • September 29, 2025

    New Imerys Ch. 11 Plan To Get February Hearing

    A Texas bankruptcy judge Monday set a February date for a hearing on the approval of Imerys Talc America and Cyprus Mines Corp.'s latest Chapter 11 plan, which changes the handling of overseas talc damages claims and contemplates merging the Imerys companies.

  • September 29, 2025

    Claire's To Sell 156 UK Stores In Ch. 11

    Jewelry retailer Claire's has secured a sale for some of its business in the U.K. and Ireland to private equity firm Modella Capital, the company's British restructuring administrator announced Monday.

  • September 29, 2025

    Yale Unit Will Pay $45M To End Failed Hospitals Sale Dispute

    Yale New Haven Health Services Corp. has agreed to pay $45 million to hospital operator Prospect Medical Holdings Inc. to conclude their legal dispute over a failed $435 million sale of three Connecticut hospitals, according to a motion filed in Texas bankruptcy court.

  • September 29, 2025

    Parts-Maker First Brands Files Ch. 11 With Over $10B In Debt

    Auto parts maker First Brands Group filed for Chapter 11 protection late Sunday in Texas bankruptcy court with more than $10 billion in debt and said it had secured $1.1 billion in bankruptcy financing from its creditors to keep the business running through the case.

  • September 26, 2025

    $33M NJ Mansion Wasn't Chinese Exile's, Holding Co. Says

    A holding company that nominally owns a $33 million New Jersey mansion has asked a Connecticut federal judge to flip a bankruptcy finding that the company was equitably owned by Chinese exile Miles Guo and functioned as his alter ego, arguing the property was actually paid for by Guo's fraud victims.

Expert Analysis

  • 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.

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

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    While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.

  • Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.