Mid Cap

  • June 16, 2025

    Stoli USA Gets Initial Approval To Keep Using Lender Cash

    The U.S. arm of vodka giant Stoli Group and lender Fifth Third Bank reached an agreement Monday to let the company make a $400,000 payment to keep product shipments on track, with a Texas bankruptcy judge saying he would consider additional relief at a hearing set for Tuesday.

  • June 16, 2025

    SilverRock Lenders Say $60M Ch. 11 Baseline Bid Too Low

    Secured lenders of resort construction firm SilverRock Development Corporation have objected to the debtor's proposed designation of a stalking-horse bid, telling a Delaware bankruptcy court on Monday the $60 million offer is far below the asserted value of the company's real estate assets.

  • June 16, 2025

    Burgess Biopower Gets OK For Ch. 11 Debt-Equity Swap

    A Delaware bankruptcy judge on Monday approved the Chapter 11 debt-equity-swap reorganization of New Hampshire power plant operator Burgess BioPower.

  • June 16, 2025

    23andMe Names New Buyer, Pa. Retirees Sue Over Ch. 9 Sale

    Retired employees of a Philadelphia suburb filed a lawsuit to open the sale of municipal water systems to private operators in Chester, Pennsylvania's Chapter 9 municipal bankruptcy. 23andMe said it selected a nonprofit created by its co-founder to buy the consumer genetic testing company's assets, replacing a pharmaceutical developer that won a Chapter 11 auction. And Jackson Walker, one of its former attorneys and a former bankruptcy judge are facing a proposed class action, the latest fallout from a 2023 ethics scandal in Texas.

  • June 16, 2025

    Angeion Group Expands, Rebrands Its Bankruptcy Services

    Philadelphia-based litigation support company Angeion Group, which provides legal administration and group litigation support services, announced Monday the hiring of two new executive vice presidents for its bankruptcy services division.

  • June 16, 2025

    Aztec Fund Gets OK To Wind Down Business In Ch. 11

    A Texas bankruptcy judge has approved private equity investment group Aztec Fund's Chapter 11 liquidation plan, letting the debtor wind down its business after agreeing to sell three office buildings to settle a dispute with Bank of America.

  • June 13, 2025

    Real Estate Recap: Builders' Hack, Korean Mezz, Hotel Angst

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why one BigLaw hospitality leader says hotels are "scared to death." 

  • June 13, 2025

    23andMe Founder's $305M Bid Buys Back Co. In Ch. 11 Sale

    With a winning bid of $305 million, a nonprofit controlled by 23andMe founder Anne Wojcicki beat out Regeneron Pharmaceuticals to purchase the bankrupt company's assets, 23andMe announced Friday.

  • June 13, 2025

    Manhattan Private School Plans Ch. 7 After Loan Impasse

    Counsel for a Manhattan private school told a New York bankruptcy it is planning to convert its case into a Chapter 7 liquidation after it was unable to reach a deal with its secured lender on Chapter 11 financing.

  • June 13, 2025

    ENGlobal OK'd For Ch. 11 Sale And Wind Down Plan

    Engineering firm ENGlobal Corp. on Friday confirmed a Chapter 11 plan to wind down following the sale of its business just over three months after it filed for bankruptcy in Texas.

  • June 13, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Vodka company Stoli Group and pharmaceutical giant Purdue are both headed to court to make the case for their bankruptcy plan disclosure statements, New Hampshire power plant operator Burgess BioPower will try to get its Chapter 11 plan confirmed, and trucking company Yellow Corp. is facing a bid to send it to liquidation.

  • June 13, 2025

    Edgio's Ch. 11 Plan Confirmed After Consensus Reached

    A Delaware bankruptcy judge on Friday approved digital content delivery company Edgio Inc.'s Chapter 11 reorganization plan following a consensual agreement between the debtor, the unsecured creditors committee and prepetition lender Lynrock Lake Master Fund LP.

  • June 13, 2025

    The Supreme Court's Week: By The Numbers

    The U.S. Supreme Court issued six decisions this week, with the justices finding unanimity in four, including ones involving the threshold disabled students must meet in disability discrimination cases against public schools and another over whether the government can escape a Federal Tort Claims Act suit sparked by a mistaken FBI raid. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.

  • June 13, 2025

    Jackson Walker, Ex-Judge Facing Class Action Over Romance

    A former bankruptcy judge and Jackson Walker LLP have been hit with another lawsuit over the judge's secret romance with a former firm partner, this time a proposed class action from a group of bondholders of financial company GWG Holdings Inc.

  • June 13, 2025

    Heritage Coal Secures $21.6M Asset Bid In Ch. 11

    Bankrupt mining operation Heritage Coal completed a Chapter 11 auction for its assets late Thursday, with a $21.6 million joint bid emerging as the highest and best offer, according to court filings.

  • June 13, 2025

    Chili's Worker Says Bankruptcy Does Not Doom Wage Suit

    A former Chili's employee's wage and hour lawsuit against the chain's parent company should stay in play, the worker told a California federal court, saying his failure to list the case in his individual bankruptcy proceedings does not mean his case has to be thrown out.

  • June 12, 2025

    Fla. Doc Sues In Del. Alleging Multistate Group Conspiracy

    A Florida doctor and emergency room companies serving departments in Texas, Florida and Oklahoma have sued multiple entities in Delaware's Court of Chancery allegedly involved in an elaborate private equity-tied scheme to duck bans on the corporate practice of medicine.

  • June 12, 2025

    23andMe Ombudsman Not Confident Sale Is Lawful

    The privacy expert probing 23andMe's proposed sale of customers' genetic data in bankruptcy told a Missouri federal judge Wednesday that he couldn't determine the deal wouldn't violate state privacy laws and recommended the company be required to obtain consent from its customers before handing over the data.

  • June 12, 2025

    Ch. 11 Creditors Seek Sanctions In $57M Conn. Mortgage Feud

    An unsecured-creditor committee has asked a Connecticut federal bankruptcy judge to sanction a successor to an entity that lent $57 million to the bankrupt real estate and building companies behind a luxury Newtown apartment complex, saying the successor hasn't provided details about the mortgage or several reserves earmarked within it.

  • June 12, 2025

    3rd Circ. Will Reconsider Shipbuilder's Ch. 11 Reopening Bid

    The Third Circuit said Thursday that it will reconsider whether to reopen Congoleum Corp.'s 2003 Chapter 11 bankruptcy so the bankruptcy court, not a district court, can say whether Congoleum affiliate Bath Iron Works should share liability for cleaning up a polluted New Jersey river.

  • June 12, 2025

    Fla.-Based Med Spa Chain Files For Ch. 11 After Expansion

    Contour Spa LLC, a Florida-based chain of fat-burning med spas, filed for Chapter 11 protection after a rapid expansion and a sprawling and decentralized operational system led to financial challenges that ate into revenues.

  • June 12, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A Pennsylvania coal company and creditors for an orthopedic implant maker are looking to end their respective Chapter 11 cases, the trustee for Bernie Madoff's investment firm has struck a deal with a feeder fund, and a movie production company wants permission to pay "key" employees to stay on board until the end of its own Chapter 11.

  • June 12, 2025

    Philly Suburb Retirees Sue Ch. 9 Receiver Over Asset Sale

    A committee of retired city employees sued the Chapter 9 receiver overseeing the city of Chester, Pennsylvania's municipal bankruptcy, arguing that by requiring water system assets be sold to a publicly owned entity, the receiver is forgoing private bids that could generate an extra $270 million for the city's creditors. 

  • June 12, 2025

    Kirkland & Ellis Adds Former Ropes & Gray Deals Atty In NY

    Kirkland & Ellis LLP said Wednesday it has welcomed a corporate partner from Ropes & Gray LLP to its New York office, touting her experience with major deals in sectors such as financial services, software, healthcare, industrials, consumer products and retail.

  • June 12, 2025

    Del. Firm Landis Rath Adds Pachulski Stang Bankruptcy Ace

    Delaware boutique firm Landis Rath & Cobb LLP has brought on a former Pachulski Stang Ziehl & Jones LLP attorney to enhance its ability to advise clients on Chapter 11 and other bankruptcy proceedings and related litigation.

Expert Analysis

  • Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

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    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Collecting Rare Books Makes Me A Better Lawyer

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    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Ch. 11 Ruling Confirms Insurer Standing Requirements

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    A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

  • Adventure Photography Makes Me A Better Lawyer

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    Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.

  • How Ch. 11 Can Alleviate Merchant Cash Advance Concerns

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    Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.

  • 5 Ways To Create Effective Mock Assignments For Associates

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    In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.

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