Mid Cap

  • August 01, 2025

    What's Happening In Bankruptcy Court This Coming Week

    During August's first full week, bankruptcy judges will hear issues including Silicon Valley Bank's former parent company's fight with Cayman Islands liquidators over standing, Genesis Healthcare's request for final postpetition financing approval and a personal injury firm's agreement to appoint an examiner in its bankruptcy.

  • August 01, 2025

    4 Mass. Rulings You May Have Missed In July

    A cannabis company in the process of going out of business cannot rely on a state court receivership to shield it from creditors in other states, and the owners of shuttered Norwood Hospital can't renew an expired permit issued to bankrupt Steward Health.

  • August 01, 2025

    Rising Star: Paul Hastings' Lindsey Henrikson

    Lindsey Henrikson of Paul Hastings LLP advised Colombian refinery Reficar in a high-stakes global restructuring that preserved a $1.3 billion arbitration award and secured equity in McDermott International, earning her a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.

  • August 01, 2025

    Fiber Co. Tilson Asks For Nod On $4.2M Broadband Sale

    Fiber network developer Tilson Technology Management Inc. asked a Delaware bankruptcy judge to approve the sale of its broadband business for about $4.2 million.

  • July 31, 2025

    Calif. Resort Developer Gets 2 More Weeks Of Ch. 11 Funding

    An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge on Thursday that it had cobbled together two more weeks of Chapter 11 financing, avoiding for now a dismissal or conversion of its case to a Chapter 7 liquidation.

  • July 31, 2025

    CGL Cases To Watch In The Second Half Of 2025

    Federal and state courts continue to weigh litigation involving public nuisance, long-tail environmental and sexual abuse claims. Here, Law360 breaks down some of the blockbuster commercial general liability insurance cases to follow in the second half of the year.

  • July 31, 2025

    Casino Developer Must Stay In Involuntary Ch. 7, Judge Finds

    A Delaware bankruptcy judge has refused to throw out or convert the involuntary Chapter 7 proceedings launched against the onetime hopeful developer of a casino in Mississippi, concluding the creditors that forced it into bankruptcy did not act in bad faith.

  • July 31, 2025

    Desktop Metal OK'd For $10M Sale To Fund Ch. 11

    A Texas bankruptcy judge Thursday allowed 3D printer designer Desktop Metal to sell its foreign subsidiaries for $10 million as it looks to find a buyer for the rest of its assets in Chapter 11.

  • July 31, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.

  • July 31, 2025

    Sand Miners Hit Ch. 11, Blaming Order Lull, Lender Issues

    Two companies that mine and process sand for fracking have filed for bankruptcy in Texas, one estimating it had at least $50 million in debt and the other estimating at least $100 million, and asked to undergo a joint Chapter 11 in response to a liquidity crunch and issues with their secured lender.

  • July 31, 2025

    Rising Star: Willkie's Stuart Lombardi

    Stuart Lombardi of Willkie Farr & Gallagher LLP has worked for bankruptcy clients including families seeking defamation payouts in Alex Jones' insolvency and the representative of as-yet-unknown asbestos claimants in a talc producer's Chapter 11, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 31, 2025

    Meet The Attys Steering Valves And Controls' Ch. 11

    Valves and Controls US, a valve manufacturer for the oil and gas industry, has tapped attorneys from Cole Schotz PC and Weil Gotshal & Manges LLP to see it through a Chapter 11 aimed at settling asbestos claims and winding down.

  • July 30, 2025

    2nd Circ. Backs Live Well Founder's Bond Fraud Convictions

    The Second Circuit affirmed convictions for Live Well's founder for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it, ruling Wednesday jurors had enough evidence to determine he misrepresented the value of collateral to secure loans and did so with fraudulent intent.

  • July 30, 2025

    Maverick Bet On Casino Turnarounds But Hit Ch. 11 Instead

    Maverick Gaming LLC, a company that aimed to turn around struggling casinos and gambling operations, itself fell on hard times due to COVID-19 and competitive pressures, court documents show.

  • July 30, 2025

    Rhodium Says Cooling System Infringement Claims Barred

    Bankrupt cryptocurrency miner Rhodium told a Texas federal bankruptcy judge that a company that creates large scale cooling systems cannot bring patent infringement claims, saying Wednesday the company's claims already failed in a federal district court.

  • July 30, 2025

    Bedmar Lessor Says 3rd Circ. Clear On Ch. 11 Distress Need

    Attorneys representing lessor Cobalt PropCo 2020 LLC told a Delaware bankruptcy judge Wednesday the Chapter 11 case of Bedmar LLC should be tossed because Third Circuit case law clearly requires a debtor to be in financial distress, and that condition does not exist here.

  • July 30, 2025

    Justices Urged To OK Bankruptcy Courts As Tax Debt Venues

    Bankruptcy courts are authorized to decide the amount and legality of nondischargeable tax claims, an Indiana couple told the U.S. Supreme Court in a bid to overturn a Seventh Circuit ruling to the contrary.

  • July 30, 2025

    Bankruptcy Judge Sends Post-Reorg Dispute To Calif. Court

    A Delaware bankruptcy judge has handed a breach of contract lawsuit back to a California state court, saying he lost jurisdiction over the claims against a specialty mushroom distributor after its Chapter 11 plan took effect last fall.

  • July 30, 2025

    Rising Star: Brown Rudnick's Tristan Axelrod

    Tristan Axelrod of Brown Rudnick LLP steered bankrupt cryptocurrency platform BlockFi through an $874 million settlement with FTX and a Chapter 11 reorganization that paid creditors in full, earning him a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 30, 2025

    Biotech Firm Omega Therapeutics Gets OK For Ch. 11 Plan

    A Delaware bankruptcy judge approved biotechnology developer Omega Therapeutics' Chapter 11 plan Wednesday, after no objections to the company's plan to distribute its remaining assets were raised at a brief hearing.

  • July 29, 2025

    Jackson Walker Gets Another Deal On Judge-Romance Claims

    Jackson Walker LLP has reached another settlement with former bankruptcy clients to resolve fee disputes related to the concealed romance of a former partner with the firm and former Texas bankruptcy Judge David R. Jones, according to a motion filed Tuesday in Texas federal court.

  • July 29, 2025

    8th Circ. Says Bankruptcy Sale Appeal Dead Without Stay

    The Eighth Circuit on Tuesday rejected a woman's bid to undo an order approving a sale in her Chapter 7 bankruptcy, saying she didn't get a stay of the sale and so her appeal had to be dismissed.

  • July 29, 2025

    Del. Judge Denies $89M Claim In Silvergate Ch. 11

    A Delaware bankruptcy judge ruled Tuesday the insolvent parent of Silvergate Bank did not agree in 2023 to sell a loan to a bitcoin-focused financial firm, denying that company's $89 million breach of contract claim in Silvergate's Chapter 11.

  • July 29, 2025

    Prime Core Ch. 11 Trust Seeks Return Of $2.1M In Transfers

    The litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing a serious recovery shortfall worsened by the payments.

  • July 29, 2025

    Calif. Resort Developer Goes For Last-Ditch Ch. 11 Deal

    An insolvent company that developed a resort and other properties in California told a Delaware bankruptcy judge Tuesday it would participate in a one-day mediation session its investors proposed as a final effort to avoid the dismissal or conversion of the real estate firm's beleaguered Chapter 11 case.

Expert Analysis

  • Firms Must Offer A Trifecta Of Services In Post-Chevron World

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    After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.

  • How Cos. Can Leverage IP In Corporate Bankruptcy

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    In light of an increase in year-to-date Chapter 11 filings, businesses must understand the importance and value of intellectual property in corporate bankruptcy and restructuring, from contributing to enterprise value, to providing leverage in negotiations and facilitating recovery, says Gregory Campanella at Ocean Tomo.

  • Avoiding Retail Bankruptcy As Economic Uncertainty Persists

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    Amid record retail bankruptcies and continued economic uncertainty in 2024, retailers can take specific steps like building stronger cash-flow models, managing inventory wisely and reassessing cost structures to avoid financial distress, say consultants at BRG.

  • Banking Compliance Takeaways From Joint Agency Statement

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    Federal bank regulatory agencies’ recent joint statement warning of risks associated with third-party fintech deposit services spotlights a fundamental problem that may arise with bank deposit products that are made through increasingly complex customer relationships, says Tom Witherspoon at Stinson.

  • Litigation Funding Disclosure Key To Open, Impartial Process

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    Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.

  • Law Firms Should Move From Reactive To Proactive Marketing

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    Most law firm marketing and business development teams operate in silos, leading to an ad hoc, reactive approach, but shifting to a culture of proactive planning — beginning with comprehensive campaigns — can help firms effectively execute their broader business strategy, says Paul Manuele at PR Manuele Consulting.

  • Bankruptcy Courts May Be Budding Open To Cannabis Cases

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    Two recent California bankruptcy court rulings, denying motions to dismiss the respective debtors' bankruptcies, provide persuasive authority to allow cannabis debtors the protections of federal bankruptcy law, say Noah Weingarten and Bethany Simmons at Loeb & Loeb.

  • Vendor Rights Lessons From 2 Chapter 11 Cases

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    A Texas federal court’s recent critical vendor order in the Zachry Holdings Chapter 11 filing, as well as a settlement between Rite Aid and McKesson in New Jersey federal court last year, shows why suppliers must object to critical vendor motions that do not recognize creditors' legal rights, says David Conaway at Shumaker.

  • Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?

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    A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of time and resources, says Matthew Selmasska at Kaufman Dolowich.

  • Mercon Coffee Ch. 11 Ruling Shows Insider Releases' Limits

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    A New York bankruptcy court’s recent ruling in Mercon Coffee’s Chapter 11 case highlights the stringent requirements for retention-related transfers to insiders, even in cases where no creditor has objected, say Robert Klyman and Scott Shelley at DLA Piper.

  • Bankruptcy Trustees Need More FinCEN Guidance

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    Recent FinCEN consent orders in two North Carolina bankruptcy cases show that additional guidance is necessary for most types of fiduciaries overseeing bankruptcy estates or other insolvency vehicles, say Brian Shaw and David Doyle at Cozen O’Connor.

  • E-Discovery Quarterly: Rulings On Hyperlinked Documents

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    Recent rulings show that counsel should engage in early discussions with clients regarding the potential of hyperlinked documents in electronically stored information, which will allow for more deliberate negotiation of any agreements regarding the scope of discovery, say attorneys at Sidley.

  • Congress Must Increase Small Biz Ch. 11 Debt Cap

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    Congress must act to reinstate Subchapter V, which recently sunsetted when the debt threshold to qualify reverted from $7.5 million to just over $3 million, meaning thousands of small businesses will no longer be able to use the means of reorganization, says Daniel Gielchinsky at DGIM Law.

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