Mid Cap

  • May 06, 2025

    Catching Up With New Bankruptcy Case Action

    Drugstore chain Rite Aid Corp. reentered bankruptcy with over $1 billion in debt less than a year after its earlier reorganization plan was approved, e-commerce firm Digital River Marketing Solutions Inc. filed for Chapter 7 with approximately $45.2 million in secured debt, and the owner of a Manhattan condo building filed for Chapter 11 with $32 million in mortgage debt in the face of foreclosure. Here are this week's new bankruptcy cases.

  • May 06, 2025

    Alex Jones' Atty Seeks Discipline Pause In Sandy Hook Leak

    Alex Jones' former lead Connecticut attorney has asked a state appeals court to pause the remaining seven days of a suspension he was handed for a role in transferring Sandy Hook families' confidential records to another Jones attorney in Texas, arguing the case should be stayed while he again appeals the punishment.

  • May 06, 2025

    Pa. Panel Wonders If Mall's Condemnation Appeal Is Moot

    The owners of a defunct and half-demolished shopping mall in the Pittsburgh suburbs say the surrounding borough didn't give them enough information to contest the order condemning their property, but judges of a Pennsylvania appellate court questioned Tuesday if the demolition made the issue moot.

  • May 06, 2025

    Government IT Provider Hits Ch. 11 Bracing For DOGE Cuts

    A government contractor that provides information technology services filed for Chapter 11 bankruptcy protection in New York, listing more than $30 million in debt and wracked by uncertainty over potential cuts from the White House's Department of Government Efficiency, a six-figure judgment from a vendor and a three-year-long sale process.

  • May 06, 2025

    Gene-Editing Co. Synthego Hits Ch. 11 With Sights On A Sale

    California-based biotechnology company Synthego Corp. filed for Chapter 11 in Delaware bankruptcy court, listing up to $500 million in debt and outlining a plan to sell its assets to its prepetition lender during the proceedings.

  • May 05, 2025

    Traxcell Fights $500K Atty Fee Owed To Verizon At Fed. Circ.

    A bankrupt patent-holding company that owes more than $500,000 in attorney fees to Verizon Wireless has told the Federal Circuit that Verizon waited too long after beating its telecommunications patent case to request the fees.

  • May 05, 2025

    Burgess BioPower Can Move Toward Restructuring In Ch. 11

    A Delaware bankruptcy judge on Monday agreed to give the green light to power plant operator Burgess BioPower LLC to solicit votes on its second Chapter 11 plan, which contemplates a debt-equity swap.

  • May 05, 2025

    Small Biz, Consumer Bankruptcies On The Rise In 2025

    More small businesses and consumers sought bankruptcy protections at the start of 2025 compared to the same period last year, according to recently released data, as economic uncertainty, macroeconomic pressures and an end to pandemic-era relief programs converge.

  • May 05, 2025

    23andMe Gets Privacy Watchdog, Yellow Investors Push Ch. 7

    A Missouri bankruptcy judge signed off on a consumer privacy watchdog for 23andMe's Chapter 11. A group of shareholders and unsecured creditors that previously supported Yellow Corp. attempting a Chapter 11 plan have shifted gears and asked a Delaware bankruptcy judge to convert the case to a Chapter 7 liquidation. Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission to sell its assets to an investment fund for $2 million.

  • May 05, 2025

    Crypto Miner Objects To Celsius Sanctions Try In Ch. 11 Case

    Crypto mining company Mawson Infrastructure Group Inc. asked a Delaware bankruptcy judge to throw out an attempt by Celsius Network to impose sanctions on Mawson in the company's involuntary Chapter 11 case, saying its failed bid to extend an automatic stay to its subsidiaries was performed in good faith.

  • May 05, 2025

    Exactech Committee Calls Foul On Ch. 11 Voting Packages

    The official committee of unsecured creditors in Exactech Inc.'s Chapter 11 case told a Delaware bankruptcy judge that the company's solicitation packages sent to tort claimants violate court-approved procedures by requiring them to submit five separate ballots for their votes to be counted.

  • May 05, 2025

    Coal Miner Says It Must Liquidate Without Creditor Deal

    Counsel for the owners of Heritage Coal told a Delaware bankruptcy judge on Monday that if secured and unsecured creditors cannot reach a deal by Tuesday, the company will have to move to convert its bankruptcy from a Chapter 11 to a Chapter 7 liquidation.

  • May 02, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Conspiracy theorist Alex Jones asked a Texas bankruptcy court to restart the auction for his Infowars assets. Restaurant chain TGI Fridays requested additional time to file its Chapter 11 plan without any competing proposals. And the state of Ohio objected to a motion from U.S. Gypsum to reopen its Chapter 11 case nearly 20 years after its plan was confirmed.

  • May 02, 2025

    Paper Towel Co. Gets OK For $10M Ch. 11 Financing

    Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's and Aldi, was given final approval on Friday from a Delaware bankruptcy judge to access a $10 million debtor-in-possession loan facility as the company moves toward a Chapter 11 auction.

  • May 02, 2025

    Meet The Attorneys Guiding Balkan Express' Ch.11

    A team of lawyers from Bonds Ellis Eppich Schafer Jones LLP is leading the bankruptcy case of Texas-based transportation company Balkan Express, as the company plans to sell its assets through Chapter 11 proceedings. 

  • May 02, 2025

    JC Penney Says Emails Show Jackson Walker Hid Romance

    The wind down estate of J.C. Penney beefed up its allegations that Jackson Walker covered up a relationship between a former bankruptcy partner and Texas bankruptcy judge in an updated lawsuit to recover over $1 million in legal fees from its 2020 Chapter 11, shedding light on the firms emails with a public relations firm and outside ethics counsel.

  • May 02, 2025

    NJ Bankruptcy Judges May Be Tapped As Unpaid Mediators

    Bankruptcy judges may be among the jurists called upon to mediate New Jersey federal court cases without compensation, according to a proposed amendment to court rules.

  • May 02, 2025

    The Supreme Court's Week: By The Numbers

    The U.S. Supreme Court heard arguments in five cases this week, including over whether states can exclude private religious schools from charter school programs and if disabled children must meet a more stringent standard when seeking relief for educational discrimination, while issuing two decisions involving extra payments due hospitals and military reservists. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.

  • May 02, 2025

    Convicted Ex-Sacks Weston Atty Gets Early End To Probation

    A Pennsylvania federal judge has granted the request of a Philadelphia lawyer sentenced in 2023 to prison and supervised release for resolving cases behind the back of his former firm to be let out of probation early.

  • May 02, 2025

    23andMe Says 1.3M Customers Have Asked To Delete Data

    23andMe executives told a meeting of creditors Friday that more than 1.3 million customers have asked the DNA testing company to cancel their accounts and delete their genetic information since it entered Chapter 11.

  • May 02, 2025

    Manhattan Condo Developer Hits Ch. 11 With $32M Debt

    The owner of a 32-unit Manhattan condominium building has filed for Chapter 11 protection in the face of a foreclosure sale, saddled with $32 million in mortgage debt.

  • May 01, 2025

    Unlockd Tells 9th Circ. Google Harms Ad Market Competition

    A defunct advertising app that alleged Google's decision to boot it from the Google Play Store harmed market competition for digital advertising asked the Ninth Circuit to reinstate its claims, arguing Wednesday the lower court wrongly concluded that eliminating a "nascent competitor" in a large market didn't rise to antitrust injury.

  • May 01, 2025

    Litigation Funder Virage Pursues Mass Tort Atty In Ch. 11

    Mass tort attorney Truett Akin IV is being pursued in his Texas bankruptcy case by his largest creditor, an affiliate of litigation funder Virage Capital Management LP, which this week sought to force Akin to liquidate and accused him of diverting to himself some litigation proceeds he owed to Virage instead.

  • May 01, 2025

    Publishers Clearing House Plans June Sale For Company

    A New York bankruptcy judge on Thursday gave Publishers Clearing House permission to keep the prize checks flowing as attorneys for the sweepstakes business said they hope to close the sale of the company by the end of June.

  • May 01, 2025

    Texas Trucking Co. Hits Ch. 11 With Over $25M In Debt

    Balkan Express, a transportation company based in Fort Worth, Texas, has launched a bankruptcy case with debt exceeding $25 million.

Expert Analysis

  • Coaching Little League Makes Me A Better Lawyer

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    While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.

  • 5 Litigation Funding Trends To Note In 2025

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    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

  • 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.

  • 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.

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