Mid Cap
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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.
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December 18, 2025
Educational Software Co. Files Ch. 11 With $205M Debt
New York-based software company Conscious Content Media and its affiliates on Wednesday filed for Chapter 11 protection in a Delaware bankruptcy court with more than $205 million in debt, along with its restructuring plan backed by its prepetition noteholders.
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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.
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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.
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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.
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December 17, 2025
Manhattan Loft Landlord Hits Ch. 11 With $46M Debt
The owner of a six-story commercial loft building in Manhattan has filed for Chapter 11 bankruptcy protection on the eve of a foreclosure sale on close to $41 million in mortgage debt.
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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.
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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.
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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.
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December 17, 2025
EV Battery Swapping Co. Enters Chapter 11 With Sale Plans
Ample Inc. filed for Chapter 11 protections in Texas to sell its business, saying it wasn't able to raise enough money to commercially scale up its electric vehicle battery swapping stations.
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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.
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December 16, 2025
Akoustis Gets OK For Ch. 11 Liquidation Plan
Radio frequency filter maker Akoustis Technologies received the Delaware bankruptcy court's approval Tuesday to implement its Chapter 11 liquidation plan, after the debtor resolved a dispute with two company directors over the way their claims were estimated.
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December 16, 2025
No Jail For Controller Who Assisted Feds In FTE Fraud Case
A Manhattan federal judge allowed a former financial controller for FTE Networks to avoid prison Tuesday for participating in a $13 million revenue fraud at the Florida telecom, crediting the "reluctant conspirator" for an extensive, five-year course of cooperation.
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December 16, 2025
IRobot Can Use Cash Collateral In Ch. 11, Judge Says
A Delaware bankruptcy judge Tuesday allowed the company behind the Roomba robot vacuum to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to implement its prepackaged insolvency plan.
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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.
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December 16, 2025
Meet The Attorneys Guiding iRobot In Ch. 11
A team of attorneys from Paul Weiss Rifkind Wharton & Garrison LLP and Young Conaway Stargatt & Taylor LLP are representing iRobot Corp., the maker of the Roomba robot vacuum cleaner, in its Delaware Chapter 11 case.
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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.
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December 16, 2025
Quinn Emanuel Fee Fight Bound For Texas Or Mass. Court
A Massachusetts federal judge is weighing whether to kick Quinn Emanuel's bid for $30 million in legal fees from a former client's parent company, Nano Dimension Ltd., to state court or to the Texas bankruptcy court where the client is undergoing Chapter 11 proceedings.
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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.
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December 16, 2025
US Trustee Objects To PosiGen's Exec Bonuses In Ch. 11
The U.S. Trustee's Office has urged a Texas bankruptcy judge to reject solar panel company PosiGen's proposal to pay performance bonuses to its executives during its Chapter 11 case, arguing that the plan functions as an insider retention program in direct violation of the Bankruptcy Code.
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December 16, 2025
Medical Device Maker Zynex Hits Ch. 11 With Sale Plans
Zynex Inc., a pain management medical device maker, filed for bankruptcy protection in Texas with at least $66.7 million in debt and plans to sell the business backed by a stalking horse bid from its creditors.
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December 15, 2025
Trustee Sues SafeMoon Leaders Over Alleged Fraud Scheme
The liquidating trustee for cryptocurrency asset company SafeMoon has filed a lawsuit in Utah bankruptcy court accusing former top executives of looting tens of millions of dollars from "liquidity pools" and ultimately doing at least $100 million in damage to the company.
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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.
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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.
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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.
Expert Analysis
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.