Large Cap

  • April 08, 2026

    Debt Deals Drop Ch. 11 Recoveries To 10-Year Low, Fitch Says

    Creditors holding high-ranking debt issued by companies that emerged from bankruptcy in 2025 faced the worst average recoveries on their investment in the past 10 years, as liability management exercises that supply firms with new financing put increased pressure on lenders, Fitch Ratings has said in a new report.

  • April 08, 2026

    US Trustee Balks At Cumulus Media's Plan Releases

    The U.S. Trustee's Office blasted radio giant Cumulus' Chapter 11 plan, attacking what it characterized as nonconsensual releases as fatal to the debtor's confirmation hopes.

  • May 15, 2026

    More Cases, Fewer Staffers Pinch US Bankruptcy Watchdog

    The federal bankruptcy watchdog program is being squeezed by staffing and budget cuts at the same time as insolvency filings are on the upswing, raising questions about whether the already austere Office of the U.S. Trustee can continue executing its mission of ensuring the integrity of the country's bankruptcy system

  • April 07, 2026

    Catching Up With New Bankruptcy Case Action

    A Pittsburgh craft brewery tapped Chapter 11 protections, a German matchmaking website owner sought Chapter 15 recognition for the second time after previously restructuring in 2023 and a cancer treatment developer is planning to liquidate in Chapter 7.

  • April 07, 2026

    First Brands IP Sale Decision Paused For Possible New Bidder

    A Texas bankruptcy judge on Tuesday put off a final decision on auto parts maker First Brands' move to speedily sell several of its filter and windshield wiper brands for $25 million, saying he wanted to know whether the buyer is dead set on purchasing a bundle.

  • April 07, 2026

    Fat Brands Landlords Want More Info On Lease Sales

    Mall owner Simon Property Group has joined with other landlords of Fat Brands' eateries to tell a Texas bankruptcy court that the restaurant group's proposed Chapter 11 sale procedures don't give the property owners sufficient input into the sale of their leases.

  • April 07, 2026

    DC Circ. Skeptical Ex-Steward CEO Could Skip Senate Hearing

    A D.C. Circuit judge told the attorney for the embattled former CEO of Steward Health Care on Tuesday that she couldn't comprehend how his client could invoke his Fifth Amendment rights without showing up to his scheduled appearance before a Senate committee.

  • April 07, 2026

    Goodwin Grows Restructuring Team In New York And Boston

    Goodwin Procter LLP has grown its financial restructuring practice with the addition of attorneys in the New York and Boston offices with more than 40 years' combined experience at WilmerHale.

  • April 07, 2026

    Womble Bond Lands 3 Burr & Forman Bankruptcy Attys In Fla.

    Womble Bond Dickinson has added a trio of attorneys to its finance, bankruptcy and restructuring practice in Florida from Burr & Forman LLP.

  • April 06, 2026

    Q1 Bankruptcies Jump 14% As Debt Strain Rises

    Bankruptcy filings in the first three months of 2026 increased 14% from the same period last year, with both commercial and consumer debtors driving the uptick amid broader economic turmoil, the American Bankruptcy Institute said in a report released Monday.

  • April 06, 2026

    Jackson Walker, Sorrento CEO Hit With RICO Suit Over Ch. 11

    More than a dozen Sorrento Therapeutics shareholders sued law firm Jackson Walker LLP and the defunct biopharmaceutical company's ex-CEO for over $100 million, accusing them of conspiring to launch an unnecessary bankruptcy in an irrelevant jurisdiction.

  • April 06, 2026

    Guo Trustee Can Keep Yacht And $37M, 2nd Circ. Finds

    A Second Circuit panel on Monday affirmed bankruptcy and district court decisions awarding a yacht and a $37 million escrow account to the Chapter 11 estate of Chinese exile Miles Guo, rejecting an appeal from Guo's daughter.

  • April 06, 2026

    Atty Appeals Sanctions Order In $500M Miss America Fight

    An attorney sanctioned for submitting fraudulent documents in a $500 million dispute over ownership of the Miss America pageant and using them to help his client put the company into bankruptcy, indicated Monday that he is appealing the sanctions order to the Eleventh Circuit.

  • April 06, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured a mix of high-profile corporate disputes, insider trading allegations, contract fights and significant rulings shaping fiduciary duty and deal litigation.

  • April 06, 2026

    Spirit Stalking Horse Prevails, Saks Gets Exit Cash, Files Plan

    Spirit Airlines named its stalking horse as the winner of 20 planes previously set for auction. Saks Global Enterprises got exit funding and proposed a Chapter 11 plan. And a Delaware bankruptcy judge largely approved Yellow Corp.'s settlement of billions in pension fund claims.

  • April 06, 2026

    Justices Want Feds' Views On Ruby Tuesday Benefits Dispute

    The U.S. Supreme Court asked for the federal government Monday to weigh in on a dispute from ex-managers at restaurant chain Ruby Tuesday alleging Regions Bank lost them $35 million in retirement plan benefits that were liquidated in bankruptcy.

  • April 03, 2026

    Spirit Airlines Names Asset Buyer, Seeks Ch. 11 Extension

    Bankrupt Spirit Airlines has canceled a Chapter 11 auction and named its stalking horse bidder, CSDS Aircraft with a $533.5 million offer, the successful buyer of its assets after receiving no other qualified bids.

  • April 03, 2026

    What's Happening In Bankruptcy Court This Coming Week

    In the week ahead, bankruptcy courts will consider whether to dismiss a clawback suit from the estate of bankrupt crypto exchange FTX, label maker Multi-Color's bid to disband the official committee of unsecured creditors in its case, the sale of Avenger Flight Group to its stalking horse bidder, and the contested disclosure statement from urgent care facility operator Carbon Health Technologies Inc.

  • April 03, 2026

    US Trustee Says Multi-Color Can't Scrap Creditor Group

    The U.S. Trustee's Office and the unsecured creditors committee in Multi-Color Corp.'s Chapter 11 case shot back at the label maker's bid to disband the committee, telling a New Jersey bankruptcy judge that he lacks the necessary authority and arguing the debtor's request is an act of intimidation.

  • April 03, 2026

    Yellow Corp. Gets OK For Most Of $1.4B Pension Deals

    A Delaware bankruptcy judge has mostly approved settlements that trucking company Yellow Corp. struck to resolve $7.4 billion worth of pension fund claims, finding three of the deals were outside the range of reasonableness but the other 12 were acceptable. 

  • April 03, 2026

    Law360 Announces The Members Of Its 2026 Editorial Boards

    Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.

  • April 03, 2026

    Del Monte Minority Lenders Lose 3rd Circ. Appeal Bid

    A New Jersey bankruptcy judge has rejected a lender group's request to certify a Del Monte Foods settlement order for appeal to the Third Circuit, finding that the order reflected a fact-intensive application of settled law and did not present the kind of pure legal question that would warrant appellate review.

  • April 02, 2026

    Bankruptcy Judge Defends Simultaneous Case Mediator Role

    U.S. Bankruptcy Judge Michael B. Kaplan told Law360 Thursday he was "surprised" by skepticism over his decision to serve as mediator in a Chapter 11 case he is also presiding over, an arrangement some experts said was rare and potentially concerning.

  • April 02, 2026

    California Agency Wants SunPower Tax Issue Out Of Ch. 11

    California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter should be handled in a state administrative forum.

  • April 02, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A sand miner claims its landlord seized vital computers, a magnesium miner got court approval for a deal to sell collateral, a satellite company says it's switching claims agents after its old one was sold, and a drug company in the middle of a payment dispute asked for a way out.

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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