Mid Cap

  • July 24, 2026

    Judge Addresses Angst Over Summer Camp Ch. 11 Sale

    A New Jersey bankruptcy judge has addressed families' concerns about the sale of a century-old New York sleep-away summer camp in the Chapter 11 case of SIMAD Holdings, telling parents their comments will be considered in connection with an Aug. 4 sale hearing.

  • July 24, 2026

    Finch Therapeutics Can Seek Ch. 11 Plan Votes

    A Delaware bankruptcy judge on Friday conditionally approved the disclosure statement for microbiome treatment developer Finch Therapeutics' Chapter 11 plan, allowing it to solicit creditor votes.

  • July 24, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A restaurant chain operator and a car parts maker will both go before Texas bankruptcy judges seeking confirmation of their Chapter 11 plans, and an investment platform will seek to compel its liquidation trustee to perform the role's duties.

  • July 24, 2026

    HSF Kramer Hires Haynes Boone's Supreme Court Chair

    Herbert Smith Freehills Kramer LLP announced Friday that it had added the leader of Haynes Boone's U.S. Supreme Court practice, who joins the firm as co-lead focused on appellate work and the nation's highest court.

  • July 24, 2026

    Former Drug Co. Akorn Gets OK For $18.5M Ch. 7 Settlement

    A Delaware bankruptcy judge has signed off on a deal resolving a $28.3 million claim by the buyer of defunct drug developer Akorn's assets, allowing an $18.5 million claim in the Chapter 7 case.

  • July 23, 2026

    TGI Fridays Wins Confirmation Of Liquidating Ch. 11 Plan

    The casual dining chain TGI Friday's Inc. on Thursday won approval of its Chapter 11 liquidation plan to offload its remaining assets and eventually distribute them through a trust, after creditors voted overwhelmingly in favor of the plan.

  • July 23, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A New York judge told two law firms to hand privilege logs to Levona Holdings in a sanctions fight, Terraform's plan administrator asked a Delaware judge to toss an adversary suit, and a company deeply intertwined with a New Jersey real estate developer's Chapter 11 argued the case should be dismissed.

  • July 23, 2026

    Team Systems Execs Seek Recusal In Ch. 7 Clawback Suit

    Former executives of bankrupt government contractor Team Systems International asked a Delaware bankruptcy judge to recuse himself from the contractor's Chapter 7 case and a $14 million clawback case against the executives by the Chapter 7 trustee.

  • July 23, 2026

    Iowa Pharmacy Operator Files Ch. 7 Following $22M State Suit

    Months after the state of Iowa sued NuDak Ventures LLC, alleging the pharmacy chain failed to remit more than $22 million tied to an HIV treatment program, the company and seven affiliates filed for Chapter 7 liquidation.

  • July 23, 2026

    Summer Camp Ch. 11's Real Estate Arm Can Use Lender Cash

    Real estate company DAMIS Holdings, sister company to bankrupt summer camp operator SIMAD Holdings, on Thursday told a New Jersey bankruptcy judge it had secured an agreement from nearly all of its lenders on the use of their cash collateral in the combined Chapter 11 case, while looking to hammer out a shared services budget for its 50 properties next month.

  • July 23, 2026

    Simpson Thacher Warned Co. About Deal Terms, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

  • July 23, 2026

    Sangamo Wins OK For Cheaper $35M Ch. 11 Loan

    Biotechnology company Sangamo Therapeutics received interim approval Thursday to tap into a new, $35 million Chapter 11 financing package with a lower interest rate.

  • July 23, 2026

    Crypto Miner Poolin Hits Ch. 11 After China Ban, Market Slump

    Bitcoin miner Poolin Technology filed for Chapter 11 protection in New Jersey bankruptcy court with more than $173 million in liabilities and plans for an asset sale, pointing to price volatility and a Chinese ban on cryptocurrency mining.

  • July 23, 2026

    RBS Hit With £73M Claim Over Rockfire Solar Bond Transfers

    A collapsed investment company has sued the Royal Bank of Scotland for more than £73 million ($97 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.

  • July 22, 2026

    Parents Lament Bidder In Summer Camp Bankruptcy Sale

    As bankrupt SIMAD Holdings pushes forward with quick sales of the summer camps it owns, distraught parents whose children attend one camp in New York have expressed deep concerns about the process and the outside organization that has made a stalking horse bid.

  • July 22, 2026

    NY Castle Owner Says Sale Efforts Justify Ch. 11

    The entity behind a century-old castle on the Gold Coast of New York's Long Island has defended its Chapter 11 case against a dismissal motion from the U.S. Trustee's Office, arguing the estate was not losing value and that it was making progress toward a sale.

  • July 22, 2026

    Restaurant Expansion Hastened NJ's Exit Zero Into Ch. 11

    Mounting debt incurred from a small New Jersey publisher's expansion into a restaurant operation that was adversely affected by the COVID-19 pandemic, subsequent inflation, and rising operating costs led Exit Zero Publishing to file for Chapter 11 Subchapter V protection with approximately $1.8 million in liabilities.

  • July 22, 2026

    Co. Turned Away Simpson Thacher's Deal Meeting, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance services company waved off his attempt to present details to the board.

  • July 22, 2026

    Gene Therapy Co. Inks Better Ch. 11 Financing Deal

    Sangamo Therapeutics on Wednesday told a Delaware bankruptcy judge it has negotiated new Chapter 11 financing that will provide the biotechnology company with more money at a lower interest rate and asked permission to take out the new loan.

  • July 22, 2026

    Joonko Shareholders To Access Unsealed Fraud Report

    A Delaware bankruptcy judge has allowed some shareholders of bankrupt AI staffing firm Joonko Diversity Inc. to subpoena the insolvency plan administrator for access to the unsealed version of a report investigating potential claims against the firm's board of directors.

  • July 21, 2026

    Hudson Hotel Co. Wants Another Plan Deadline Extension

    A company connected to the former Hudson Hotel in downtown Manhattan has asked the Delaware bankruptcy court to again extend the period in which only it can file a Chapter 11 reorganization plan, this time for another 70 days.

  • July 21, 2026

    Heritage Coal Trustee Says Ex-Owners Hid Fraud

    The liquidating trustee for Heritage Coal and the company that acquired it has sued the mining firm's former owner in Delaware bankruptcy court, accusing them of costing the new owner millions of dollars by concealing that they had been secretly shipping low-grade coal to Heritage's largest customers for years.

  • July 21, 2026

    Subprime Lender CashCall Hits Ch. 11 With Over $400M In Debt

    CashCall Inc., a subprime lender that once made loans with interest rates exceeding 130%, has filed for Chapter 11 protection in a California bankruptcy court facing legal judgments that total more than $400 million.

  • July 21, 2026

    Bankruptcy Group Pushes Axing Ch. 15's U.S. Property Rule

    A group of bankruptcy experts has proposed removing the U.S. property requirement for foreign debtors seeking recognition of their foreign insolvency proceedings, a requirement the experts said was never intended for Chapter 15 cases.

  • July 21, 2026

    Catching Up With New Bankruptcy Case Action

    A North Carolina energy efficiency aggregator sought bankruptcy protection after it was hit with a more than $1 billion civil penalty, an insurance group filed for Chapter 11 after recent litigation disrupted its business, and a Malibu mansion development filed for bankruptcy protection. Here are some of the latest insolvency filings from across the country.

Expert Analysis

  • Playing Football Made Me A Better Lawyer

    Author Photo

    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

    Author Photo

    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach

    Author Photo

    A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.

  • Power To The Paralegals: The Value Of Unified State Licensing

    Author Photo

    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • Administrative Disaster At Bankruptcy Courts May Be In Sight

    Author Photo

    If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

    Author Photo

    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.

  • Tracking The Evolution In Litigation Finance

    Author Photo

    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.

  • Law School's Missed Lessons: Preparing For Corporate Work

    Author Photo

    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.

  • A Cold War-Era History Lesson On Due Process

    Author Photo

    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.

  • Improv Makes Me A Better Lawyer

    Author Photo

    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.

  • How BigLaw Executive Orders May Affect Smaller Firms

    Author Photo

    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.

  • Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

    Author Photo

    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.

  • How To Accelerate Your Post-Attorney Career Transition

    Author Photo

    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.

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