Mid Cap
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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May 01, 2025
Paul Hastings, GenapSys Settle Calif. Legal Malpractice Suit
The legal malpractice suit in which gene sequencing company GenapSys Inc. argued Paul Hastings LLP caused GenapSys' bankruptcy appears to have been settled.
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May 01, 2025
Meet The Attys Helping Chiaro Seek Ch. 15 Recognition
British women's healthtech company Chiaro Technology Ltd. is relying on three attorneys from DLA Piper LLP as it seeks recognition of its insolvency in the United Kingdom by a Delaware bankruptcy court.
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May 01, 2025
E-Commerce Service Provider Digital River Files For Ch. 7
Digital River Marketing Solutions Inc., an e-commerce services firm based in Minnesota, filed for Chapter 7 on Thursday, citing approximately $45.2 million in secured debt and less than $50,000 in assets.
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April 30, 2025
Shareholders Seek Broader Investigation In Silvergate Ch. 11
A group of investors in the bankrupt parent of Silvergate Bank have asked a Delaware bankruptcy judge to broaden the scope of a court-ordered probe of potential litigation claims against insiders after an examiner found flaws in the debtor's internal investigation.
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April 30, 2025
Akoustis Gets OK For $30M Sale To SpaceX Subsidiary
A Delaware bankruptcy judge has approved a $30 million sale of some of the assets of radio frequency filter maker Akoustis Technologies to a SpaceX subsidiary after the debtor reached an agreement with a competitor that had concerns about trade secrets possibly being sold.
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April 30, 2025
Meet The Attys Leading Creativemass' Ch. 11
A team of lawyers from Pashman Stein Walder Hayden PC is leading the bankruptcy case of Creativemass, the developer of a wealth management software app, as the business looks to wind down after its Australian parent company collapsed last year.
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April 30, 2025
McDonald's Operator Loses Assault Suit Coverage Appeal
Two insurers were correct to deny coverage for a former Pittsburgh-area McDonald's franchisee in a lawsuit accusing it of failing to stop a supervisor from sexually harassing and assaulting underage employees, since the litigation that sent it into bankruptcy fell under exceptions to the insurance policies, a Third Circuit panel ruled Wednesday.
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April 30, 2025
Texas Panel Backtracks In Nate Paul's Receiver Row
A Texas appellate court revoked its prior ruling and backed a lower court ruling that allowed an attorney acting as a receiver in one suit to take over as counsel in another suit for a company belonging to real estate investor Nate Paul, permanently dismiss its claims and counterclaims, and reach a settlement.
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April 29, 2025
Catching Up With New Bankruptcy Case Action
A biotechnology firm that develops specialized molecules called it quits after 24 years. Two memory care facilities hit Chapter 11, marking the second and third such operations in their owner's portfolio to do so in less than a year. And an Italian restaurant chain headed back to bankruptcy court for its third time.
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April 29, 2025
23andMe Agrees To Privacy Ombudsman In Ch. 11
A Missouri bankruptcy judge on Tuesday signed off on a consumer privacy watchdog for 23andMe's Chapter 11 after the genetic testing group and 30 states agreed that a statutorily authorized ombudsman would be the best way to vet a Chapter 11 sale that includes 15 million users' DNA information.
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April 29, 2025
ABI Meeting Tackles Economy, Real Estate And AI
From commercial real estate distress and artificial intelligence in billing to current economic uncertainty, the American Bankruptcy Institute's annual spring meeting brought together lawyers, judges, scholars, financial professionals and others to discuss a range of topics.
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April 29, 2025
Benson Hill DIP Lenders Approved As Stalking Horse Bidder
A Delaware bankruptcy judge on Tuesday allowed high-protein soybean developer Benson Hill Inc. to designate its debtor-in-possession lenders as the stalking horse bidder in its Chapter 11 sale process, with the lenders intending to credit bid their $11 million DIP loan to purchase the company.
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April 29, 2025
Alex Jones Wants High Court Look At $1.3B Sandy Hook Case
Bankrupt Infowars host Alex Jones will ask the U.S. Supreme Court to invalidate a mammoth libel judgment that families of Sandy Hook shooting victims secured against him and his company over his conspiratorial broadcasts calling the massacre a hoax, he told a Connecticut appellate court in seeking to extend a pause on the payout.
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April 29, 2025
Pa. Attorney Gets 1 Year In Prison For Bankruptcy Fraud
A suspended attorney in the Philadelphia suburbs has been sentenced to a year and a day in prison after being convicted by a federal jury of participating in fraudulent schemes that involved stealing a house from a deceased couple's family.
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April 29, 2025
Chicken Joint Sticky's Gets $2M Sale After Turnaround Woes
Chicken restaurant Sticky's won a Delaware bankruptcy judge's tentative permission Tuesday to sign a contract to sell its assets to an investment fund for $2 million after surging poultry prices and New York City's congestion pricing program imperiled the company's Chapter 11 turnaround plan.
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April 29, 2025
Mexican Dolphin Experience CEO Denies Armed Takeover
The management of the Mexican affiliate of bankrupt aquatics park operator The Dolphin Co. on Tuesday told a Delaware bankruptcy judge that oversight of the affiliate is in dispute and that an armed confrontation alleged by the debtors involved police expelling trespassers.
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April 29, 2025
US Trustee Opposes Special Counsel Bid In Hotel Co.'s Ch. 11
The U.S. Trustee's Office asked a Delaware bankruptcy judge to reject a bid by the owner and operator of a hotel in Southern California to retain Buchalter PC in the hospitality company's Chapter 11 plan, saying the firm is disqualified.
Expert Analysis
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Administrative Disaster At Bankruptcy Courts May Be In Sight
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.
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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.