Mid Cap
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June 30, 2025
Top State & Local Tax Cases Of 2025: Midyear Report
From the U.S. Supreme Court ruling in favor of a group of Catholic charities seeking an unemployment tax exemption to the New York Supreme Court ruling on the state's rule governing the application of P.L. 86-272, it's been a busy first half of the year for state and local tax. Here, Law360 looks at some of the top state and local tax cases of the past six months.
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June 30, 2025
Bankrupt NJ Office Building Has $21.5M Stalking Horse Bidder
Bankrupt New Jersey office building owner Viewstar LLC, owned by New York developer Moshe Gold, informed an Empire State bankruptcy court that it has received a stalking horse bid of $21.5 million from K&K Developers Inc.
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June 30, 2025
Law Firm Aims To Exit Lowenstein Sandler Suit Over Affidavit
Trif & Modugno LLC asked a New Jersey state judge to dismiss Lowenstein Sandler LLP's claims against the firm as part of its legal battle with a cannabis dispensary, saying the claims fail because Lowenstein Sandler did not file an affidavit of merit.
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June 30, 2025
Judge OKs 23AndMe's $305M Genetic Data Asset Sale
A Missouri bankruptcy judge has given genetic testing company 23andMe Holding Co. approval to sell all its assets to a nonprofit led by co-founder Anne Wojcicki for $305 million, after two full days of testimony and argument about the proposed sale.
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June 30, 2025
Haynes Boone Adds Restructuring Duo To Bolster NY Practice
Haynes Boone is adding two financial restructuring attorneys previously with Cadwalader Wickersham & Taft LLP as partners in its New York office, the firm announced Monday.
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June 30, 2025
Judge Might Toss Calif. Hotel Ch. 11 After $55M Sale Implodes
A Delaware bankruptcy judge told a California hotel owner and operator Monday he was prepared to dismiss or convert its Chapter 11 case after learning that a proposed $55 million sale to a third party fell apart over the weekend.
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June 30, 2025
Meet The Attys Assisting CareerBuilder + Monster In Ch. 11
CareerBuilder + Monster, a co-venture of two longtime online job search boards, has called upon attorneys from Latham & Watkins LLP and Richards Layton & Finger PA to help guide it through the Chapter 11 process.
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June 30, 2025
Publishers Clearing House Gets OK For $7M Sale
A New York bankruptcy judge on Monday gave an online gaming site operator the go-ahead to buy bankrupt sweepstakes business Publishers Clearing House for more than $7 million, along with the payment of nearly $4 million in outstanding prizes.
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June 27, 2025
Real Estate Recap: Compass, Tariffs, Opportunity Zones 2.0
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into the Compass v. Zillow lawsuit, tariff disruption and a potential update to the opportunity zone program.
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June 27, 2025
Monster.com Can Tap $20M DIP To Fund Quick Ch. 11 Sales
A Delaware bankruptcy judge gave interim approval Friday to CareerBuilder + Monster's $20 million Chapter 11 loan, freeing up $12.5 million of funds as the online job search sites look to quickly close asset sales in bankruptcy.
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June 27, 2025
Synthego's Ch. 11 Fueled By High Costs, Patent Fight
Rising costs, heavy investment that outpaced growth and patent litigation led California-based biotechnology company Synthego Corp. to file for Chapter 11 with up to $500 million in debt and a plan to sell its assets to a prepetition lender.
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June 27, 2025
Party City To Send Liquidation Plan Out For Creditor Vote
A Texas bankruptcy judge on Friday gave Party City permission to send its liquidation plan out for a vote after the retailer agreed to give parties with claims racked up during the Chapter 11 case more time to opt out of proposed cuts to their recoveries.
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June 27, 2025
What's Happening In Bankruptcy Court This Coming Week
With a slightly lighter calendar thanks to Independence Day, bankruptcy judges will consider the Chapter 11 plans and disclosure statements of Molecular Templates and the former owner of social media company Parler, rule on the asset sales of a charter school funder and Village Roadshow, and decide whether a California real estate firm can receive additional postpetition financing.
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June 27, 2025
Pillsbury Adds Restructuring Pro From Paul Hastings In NY
Pillsbury Winthrop Shaw Pittman LLP has grown its insolvency and restructuring practice in New York with the addition of a Paul Hastings LLP partner.
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June 27, 2025
B. Riley Divests Advisory Services Biz In $118M PE Deal
Financial services company B. Riley Financial Inc., advised by Cole Schotz PC, announced Friday the sale of its advisory services business to funds managed by Canadian private equity shop TorQuest Partners in a $117.8 million deal.
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June 26, 2025
Food Distributor Harvest Gets Final OK For $104M DIP
A Texas bankruptcy judge said Thursday she will grant final approval for Harvest Sherwood Food Distributors Inc. to access a $104 million debtor-in-possession financing facility, which would bring $25 million in new funds.
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June 26, 2025
Under The Radar: Bankruptcy News You May Have Missed
The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
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June 26, 2025
Judge Known For Financial Education Advocacy To Retire
U.S. Bankruptcy Judge Laurel M. Isicoff, who has spent her career promoting financial literacy as a way to avoid financial insolvency, will retire next May after 20 years on the bench in the Southern District of Florida, the Eleventh Circuit confirmed Thursday.
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June 26, 2025
Gordon Rees Partner Duo Joins Whiteford In Richmond
Whiteford Taylor & Preston LLP has added a pair of experienced litigators to its Richmond, Virginia, office as partners from Gordon Rees Scully Mansukhani LLP.
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June 26, 2025
'50 Cent' Liquor Biz Can Target Ex-Boss's Home In Ch. 7
A Connecticut bankruptcy judge ruled that famous rapper Curtis "50 Cent" Jackson's liquor company Sire Spirits LLC can enforce its lien on its former brand manager Mitchell Green's home in Westport to get some recovery for a $7 million fraud judgment against him, even as Green goes through Chapter 7 proceedings.
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June 26, 2025
Houston Apartments Owner Files Ch. 11 With Over $10M Debt
The owner of a Houston apartment complex filed for Chapter 11 protection in New York bankruptcy court with up to $50 million in debt.
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June 26, 2025
Silver Airlines Trustee Order Paused, Auction Moves Forward
A Florida bankruptcy judge Thursday paused his order mandating the appointment of a trustee to oversee Silver Airways' Chapter 11, after being told a trustee could not be named in time to run an auction of the airline's last assets next week before the company runs out of cash.
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June 26, 2025
Pullman & Comley Adds Bankruptcy Pro From DOJ In Conn.
Pullman & Comley LLC has grown its offerings in Connecticut with the addition of a former assistant U.S. attorney who specializes in bankruptcy and litigation matters.
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June 26, 2025
'Homegrown' Clerk To Take Over Del. Bankruptcy Court Post
Delaware's bankruptcy court will soon have a new clerk, a "homegrown" talent who has served the court for more than a decade in various roles, including currently as chief deputy clerk.
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June 25, 2025
Wash. City Hits Ch. 9 After Arbitration Loss With Developer
Cle Elum, a city in central Washington at the foothills of the Cascade Mountains, filed for Chapter 9 municipal bankruptcy on Tuesday facing garnishment from a real estate developer to whom it owes $26 million.
Expert Analysis
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3 Del. Bankruptcy Cases Highlight US Trustee Objections
As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.
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Adapting To Private Practice: From SEC To BigLaw
As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.
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4 Ways Women Attorneys Can Build A Legal Legacy
This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.
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A Judge's Pointers For Adding Spice To Dry Legal Writing
U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.
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Lessons Learned From SAS' Flight Through Chapter 11
Scandinavia's SAS is the first European airline to find its wings through the U.S. Chapter 11 process since COVID-19 rocked the aviation industry — and while the process involved some familiar steps, certain complex jurisdictional issues and non-U.S. stakeholders required the carrier to venture into uncharted airspace, says Emily Hong at Norton Rose.
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Bankruptcy Ruling Provides Guidance On 363 Asset Sales
HE v. Avadim Holdings, a recent ruling from the District of Delaware, underscores the principle that rejection of executory contracts does not unwind completed transfers of property and the importance of clear and precise language in sale orders and asset purchase agreements in bankruptcy cases, say attorneys at Eversheds Sutherland.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from Practical Guidance
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O’Connor.
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Playing Beach Volleyball Makes Me A Better Lawyer
My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.
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Terraform Case May Be Bellwether For Crypto Enforcement
The prosecution of crypto company Terraform Labs and its CEO, Do Kwon, offers a unique test of the line between lawful and unlawful conduct in digital transactions, and the Trump administration’s posture toward the case will provide clues about its cryptocurrency enforcement agenda in the years to come, say attorneys at Brooks Pierce.
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How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
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5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
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How Courts Can Filter Nonmeritorious Claims In Mass Torts
Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University.
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Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.