Mid Cap

  • September 16, 2026

    Lurin Entity Wins Plan OK After $41M Credit Bid For Fla. Site

    A Texas bankruptcy judge Wednesday confirmed the Chapter 11 liquidation plan of one of the debtors in the bankruptcy of real estate company Lurin LLC after it completed a sale, and conditionally approved the disclosure statement of another Lurin debtor.

  • September 16, 2026

    Experts Revive Ch. 16 Proposal To Curb 'Bankruptcy Tourism'

    A group of experts that advises Congress on bankruptcy matters is making a renewed push for a new chapter of the Bankruptcy Code to combat an increase in what one judge has called "bankruptcy tourism," as debtors are increasingly looking abroad to avoid costly Chapter 11 filings.

  • September 16, 2026

    Tax Court Validates $4M Tax Shelter Penalty Against Ill. Man

    The IRS appropriately assessed a penalty of almost $4.4 million against an Illinois man the agency said was a tax shelter organizer, the U.S. Tax Court ruled Wednesday, rejecting his claim that the assessment wasn't valid because the agency failed to include a computation with the penalty notice.

  • September 16, 2026

    Insurers, Retailers Object To Vi-Jon Ch. 11 Plan

    Several insurers and major retailers objected to the Chapter 11 plan proposed by private-label dry bath products maker Vi-Jon, arguing that it would impermissibly assign away insurance rights and leaves retailers exposed to talc-related litigation.

  • September 16, 2026

    NY Castle Owner Gets OK For Ch. 11 Auction

    A New York bankruptcy judge has granted permission to the owner of a century-old mansion that operates as a hotel and event venue on Long Island to hold an auction for the property in late October and seek the court's approval for a buyer before Halloween.

  • September 15, 2026

    Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

    Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs claimed in a Washington state lawsuit accusing the firm of aiding and abetting fraud.

  • September 15, 2026

    Soda Ash Miner's Ch. 11 Asset Sale Approved In Del.

    Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

  • September 15, 2026

    DC Judge Blocks 2nd Trump Naming Effort At Kennedy Center

    A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorialize anyone but John F. Kennedy at the facility without Congress' say-so.

  • September 15, 2026

    IRS Snubs NY&Co. Bid For COVID Tax Credits In Ch. 11

    Before it can make final distributions to unsecured creditors and close up shop, the trustee liquidating the bankruptcy estate of New York & Co.'s former corporate parent has to collect more than $5 million of COVID-19 era tax credits from the Internal Revenue Service that had been mailed to the wrong address. But the agency says it cannot be forced to turn over the funds.

  • September 15, 2026

    Catching Up With New Bankruptcy Case Action

    Latvian carrier airBaltic filed for Chapter 11 protection with more than $1 billion in liabilities, following a sharp rise in jet fuel prices amid the Iran-U.S. conflict. Solar farm operator PGR Lessee I filed for bankruptcy protection, while telecom infrastructure developer Full Circle Fiber filed for Chapter 7, each reporting more than $100 million in debts. 

  • September 15, 2026

    Canadian Lumber Co. Seeks US OK For $4.75M Sale In Ch. 15

    The foreign representative for lumber and forestry products producer Teal Jones Holdings Ltd. asked the Delaware bankruptcy judge in its Chapter 15 case to sign off on an order and $4.75 million sale the representative anticipates will soon be approved in the debtors' Canadian insolvency.

  • September 15, 2026

    Insurance Holding Co. Seeks Ch. 15 For Cayman Liquidation

    An intermediate insurance holding company based in the Cayman Islands filed for Chapter 15 protection in New York late Monday to preserve its American assets for the benefit of its creditors.

  • September 15, 2026

    Qui Tam Suit Shadow Slows ProPhase Unit's Ch. 11 Timeline

    A New Jersey bankruptcy judge appeared skeptical Tuesday that the bankrupt COVID-19 testing arm of ProPhase Labs could move forward with its current Chapter 11 plan, delaying a disclosure statement hearing by two weeks so it can account for pending whistleblower litigation.

  • September 15, 2026

    Ex-Practical Law Content Lead Joins Brithem As Partner

    Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

  • September 14, 2026

    Kennedy Center Says Only Trump Name Can Avert Bankruptcy

    The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising efforts from President Donald J. Trump, which the documents say would probably only come if the center reapplies his name to the building.

  • September 14, 2026

    Vanderbilt Minerals Defends Ch. 11 Schedule Amid Trust Row

    Former talc miner Vanderbilt Minerals told a New York bankruptcy judge on Monday that it intends to file an amended Chapter 11 plan this week and to seek approval to solicit votes from creditors at a hearing in late September.

  • September 14, 2026

    LIV Golf Lands In Ch. 11, Hughes Satellite Creditors Float Plan

    LIV Golf arrived in bankruptcy court after Saudi Arabia's Public Investment Fund pulled its backing, a group of noteholders of telecommunications company Hughes Satellite has sought to file its own restructuring plan, and a Delaware bankruptcy judge sustained objections to the retention of Herbert Smith Freehills Kramer LLP as the counsel of West Virginia coal plant operator Omnis Pleasants. 

  • September 14, 2026

    NOLA Archdiocese Can't Keep Board Secret, Trustee Says

    The trustee for the abuse claims settlement trust of the Archdiocese of New Orleans wants to compel the church to disclose the names of the members of the internal review board advising it on matters of sexual abuse, saying transparency about who is on the board is essential to ensuring accountability.

  • September 14, 2026

    Detroit, Firefighters Union Win Seniority Appeal

    The city of Detroit and its firefighters union have defeated the remaining claims of two firefighters who challenged their treatment after returning from disability retirement, with a Michigan state appeals court finding their claims either conflicted with seniority rules adopted during the city's bankruptcy or lacked sufficient support.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Foley Hoag Grows Debt Finance Team With New Co-Chair

    An attorney who built her debt finance practice for more than 26 years at Goodwin Procter LLP has recently joined Foley Hoag LLP's Boston office, where she has been selected to co-lead the firm's debt finance team.

  • September 14, 2026

    Carlton Fields Pushes To Demand Fees In Miss America Fight

    Carlton Fields has urged a Florida federal court to adopt a magistrate judge's recommendation that the firm be allowed to intervene in a dispute involving its charging lien for unpaid legal fees in a $500 million dispute over the ownership of the Miss America competition.

  • September 11, 2026

    Bongino Disavows Inside Knowledge On Parler Ouster

    Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the document revision that supposedly allowed the CEO's 40% interest to be confiscated.

  • September 11, 2026

    BurgerFi Trustee Says Insiders Sank Chain With $161M Deal

    BurgerFi International Inc.'s liquidating trustee has sued former company brass and financial advisers, alleging they pushed through the $161 million acquisition of Anthony's Coal Fired Pizza that immediately rendered the company insolvent.

  • September 11, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Nightclub Balcon Salon will have a hearing on its liquidation plan and disclosure, FTX's recovery trust will undergo an omnibus hearing and a Texas bankruptcy judge will conduct a status conference in Fat Brands' case.

Expert Analysis

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits

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    The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Recent Trends In Lending To Nonbank Financial Institutions

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    Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.

  • What Insurers Must Know When Insureds File For Bankruptcy

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    With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • 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.

  • 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.

  • 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.

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