Mid Cap
-
September 24, 2025
Eletson Renews Call For Reed Smith DQ In Ch. 11
Oil and gas shipping company Eletson Holdings has again urged a New York bankruptcy court to have Reed Smith disqualified from its Chapter 11 case, asserting that recent court rulings indicate the entity the law firm purports to represent does not exist and may be involved in fraud.
-
September 24, 2025
Books Inc. Gets OK For $3.25M Sale To Barnes & Noble
California's oldest independent bookstore chain, Books Inc., received approval Wednesday from a bankruptcy judge for a $3.25 million sale to Barnes & Noble, and hopes to close on the sale Oct. 1.
-
September 24, 2025
Kennedys Adds Bankruptcy Partner From Connell Foley In NJ
Kennedys CMK grew in New Jersey this week with the hire of a bankruptcy and creditors' rights expert joining the firm after nearly 20 years as a partner at Connell Foley LLP.
-
September 23, 2025
This Week In Healthcare Cybersecurity
Expiring Obama-era cybersecurity legislation, U.K. charges for 'Scattered Spider' breach, and the challenges of 23andMe's bankruptcy. Law360 looks at the week in cybersecurity developments affecting the healthcare industry.
-
September 23, 2025
Dr. Phil Says Trinity 'Abandoned' TV Network Before Ch. 11
"Dr. Phil" McGraw testified Tuesday in Texas bankruptcy court that he sought control of his joint venture with Trinity Broadcasting last year because his partner had "abandoned" the venture's mission and failed to support it during its startup phase.
-
September 23, 2025
Superfund Dispute Helped Lead US Magnesium To Ch. 11
A long-running dispute with state and federal regulators over cleanup of a Superfund site next to Utah's Great Salt Lake was a major contributor to U.S. Magnesium's Chapter 11 filing earlier this month, more than 20 years after it acquired its predecessor during its bankruptcy.
-
September 23, 2025
NY Judge Throws Out Appeals By Ex-Eletson Shareholders
A New York federal judge has ruled that a group of former shareholders of Eletson Holdings have no standing to appeal an order consummating the shipping company's Chapter 11 plan and no grounds to appeal sanctions for failing to follow the order.
-
September 23, 2025
Wilmington Trust Seeks Receiver After $19M Loan Default
A single-asset real estate firm that owns an office building in the Denver Technological Center, or DTC, filed for Chapter 11 and faces a request for a receiver over the building it owns after it defaulted on a $19 million loan last year, according to court filings.
-
September 23, 2025
Walker Edison Nears Settlement Over $13M DIP, Sale Plan
Online furniture retailer Walker Edison told a Delaware bankruptcy judge Tuesday it was close to a deal with unsecured creditors, lenders and other parties to share in proceeds from a sale of its assets, but the judge expressed concerns about whether there was sufficient notice of the agreement.
-
September 23, 2025
Soybean Co. Benson Hill's Ch. 11 Converted To Ch. 7
A Delaware bankruptcy judge on Tuesday greenlit the conversion of the Chapter 11 case of high-protein soybean developer Benson Hill Inc. to a Chapter 7 liquidation, after the company sold its business in May.
-
September 23, 2025
Catching Up With New Bankruptcy Case Action
A CVS Health pharmacy services subsidiary entered bankruptcy after a court entered a $949 million judgment against it. Biotechnology company ProPhase put three of its COVID-19 laboratory testing subsidiaries in Chapter 11. And a California cheesemaker filed for Chapter 11 protection after listeria contamination left the company facing more than $74 million in legal liability.
-
September 22, 2025
Trinity Prez Says Dr. Phil's Show Was Financial Loser
The president of Trinity Broadcasting Network testified Monday in Texas bankruptcy court that the "Dr. Phil Show" never made any money for the network despite assurances from the show's star that it would start generating revenue, as the broadcaster is seeking dismissal of the production company's Chapter 11 case.
-
September 22, 2025
Mosaic Can Solicit Votes On Ch. 11 Liquidation Plan
A Delaware bankruptcy judge on Monday agreed to allow insolvent luxury tile supplier Mosaic Cos. to send its Chapter 11 plan out for a creditor vote, clearing another hurdle on its path to a lender settlement and liquidation.
-
September 22, 2025
Meet The Attorneys Guiding Calif. Cheesemaker's Ch. 11
A team of lawyers from McCormick Barstow Sheppard Wayte & Carruth LLP and Quarles & Brady LLP is leading the bankruptcy case of California-based cheesemaker Rizo-Lopez Food Inc., as the company is seeking to restructure debt stemming from a recall of contaminated cheese.
-
September 22, 2025
Puerto Rico Finance Board Members Sue Trump Over Firings
Three former members of the Financial Oversight and Management Board for Puerto Rico have sued the Trump administration alleging they were illegally fired without cause last month, asking a judge to block the "unlawful and unconstitutional" action.
-
September 22, 2025
Rite Aid Can Seek Plan Votes, Purdue CEO Bonus Approved
A New Jersey bankruptcy judge gave Rite Aid the go-ahead to solicit Chapter 11 plan votes. A New York bankruptcy judge gave permission for Purdue Pharma to offer its chief executive a nearly $3 million incentive package. And a Delaware judge approved fiber network developer Tilson Technology Management Inc.'s asset sale to ITG Communications LLC.
-
September 22, 2025
Girardi Loses Bid To Avoid Prison During Appeal
Disgraced attorney Tom Girardi will have to wait in prison while he appeals his wire fraud conviction for stealing from his own clients, a California federal judge has ruled.
-
September 22, 2025
California Solar Biz Launches Ch. 11
A California entity tied to a solar energy services company has filed for Chapter 11 protection in San Diego bankruptcy court, listing between $10 million and $50 million in both assets and liabilities.
-
September 22, 2025
Tech Co. Fends Off Sanctions Bid In Rhodium Ch. 11
A data center cooling technology firm urged a Texas bankruptcy judge to reject bitcoin miner Rhodium's more than $6 million sanctions request, saying litigation underlying its $12 million proof of claim in Rhodium's Chapter 11 is still pending.
-
September 22, 2025
ProPhase COVID-19 Testing Units Hit Ch. 11 In NJ
Biotechnology company ProPhase Labs Inc. put three of its COVID-19 laboratory testing subsidiaries in Chapter 11 bankruptcy Monday in New Jersey with combined liabilities of more than $13 million, saying it has been underpaid by insurance companies.
-
September 19, 2025
Gov't Must Keep Waiting To Pursue Oil Cleanup Claims
A Washington federal judge will continue to pause the U.S. government's claims against two defendants in an environmental cleanup case following a 2021 incident in which a derelict fishing vessel ran aground while being towed off the California coast.
-
September 19, 2025
Bankruptcy Firm Fined, Banned For 3 Years Over Disclosures
A Michigan bankruptcy judge has hit Recovery Law Group, a national consumer bankruptcy law firm, with a fine of about $392,000 and a three-year ban on bringing insolvency cases in the Eastern District of Michigan, finding it violated fee disclosure requirements in 220 cases.
-
September 19, 2025
Eletson Says 'Fictitious' Entity Can't Bring Appeal
Shipping company Eletson Holdings Inc. told a New York federal court that an appeal regarding its access to emails must be shut down, because the entity that initiated the appeal doesn't exist.
-
September 19, 2025
What's Happening In Bankruptcy Court This Coming Week
Desktop Metal, Ligado Networks and Bar Louie are seeking authorization of their Chapter 11 plans; Party City will ask for permission to use cash collateral in its bankruptcy case; and bowling chain Pinstripes will request approval of bidding procedures for an asset sale. These are some of the noteworthy hearings scheduled for next week.
-
September 19, 2025
MMA Law Inks Deals With Firms, Insurance Group
A Texas bankruptcy judge has signed off on a series of settlements worth $2.6 million to resolve claims brought by bankrupt MMA Law that other law firms and parties were holding back money it was owed for representing Louisiana hurricane victims.
Expert Analysis
-
7 Ways 2nd Trump Administration May Affect Partner Hiring
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
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
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
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
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
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
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
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.
-
Making The Pitch To Grow Your Company's Legal Team
In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.
-
Justices May Find Gov't Can Keep Fraudulent Transfer Benefit
Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.
-
When US Privilege Law Applies To Docs Made Outside The US
As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.
-
What 2024 Trends In Marketing, Comms Hiring Mean For 2025
The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.
-
How The Onion Could Still Buy InfoWars
While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.