Mid Cap

  • May 16, 2025

    Bank Balks At Nostrum Ch. 11 Sale Over Drug Disposal Issue

    Waterford Bank NA has objected to New Jersey drugmaker Nostrum Laboratories Inc.'s plan to sell an Ohio property, saying the bank doesn't want to be left to pay for the disposal of large quantities of controlled substances left at the site, an issue the parties are now negotiating ahead of a hearing next week.

  • May 16, 2025

    Oregon Distillery Seeks Ch. 11 Loan To Reassure Vendors

    Citing an emergency need for a shot of cash, an insolvent Oregon whiskey distiller sought a Delaware bankruptcy judge's approval for an up-to $1.55 million Chapter 11 loan in part to assure vendors that it will continue business through its reorganization and after exit.

  • May 16, 2025

    Canadian Geothermal Co. STS Hits Ch. 15 With Sale Plan

    Toronto-based geothermal energy company STS Renewables Ltd. and affiliates have filed for Chapter 15 protection in Delaware bankruptcy court seeking recognition of a Canadian insolvency proceeding designed to help the company sell its assets.

  • May 16, 2025

    Porzio Bromberg Accused Of Pushing Doctor Into Bankruptcy

    A Louisiana doctor claims a New Jersey law firm and one of its principals failed in their representation of him in a deal he wasn't fully informed of and which led to an involuntary bankruptcy, according to a complaint recently removed to federal court in Louisiana.

  • May 16, 2025

    Jackson Walker Criticizes JC Penney Fee Suit As 'Money Grab'

    Jackson Walker LLP wants out of a fee suit brought by former client J.C. Penney, arguing that the bankrupt department store's wind-down debtors entered claims as a "leverage play and a money grab" after learning that a firm partner had engaged in a yearslong undisclosed relationship with a Texas bankruptcy judge.

  • May 16, 2025

    Milbank Lands Ex-Assistant To Solicitor General In DC

    Milbank LLP has hired Colleen Roh Sinzdak, a former assistant to the U.S. solicitor general, as a partner in the firm's Washington, D.C., office.

  • May 15, 2025

    Ex-CEO Cops To Conspiracy Charge In $212M Fraud Case

    A New Jersey-based former CEO of a medical billing company has pled guilty to conspiring to commit securities fraud in connection with government claims he was part of a $212.5 million scheme to inflate the value of his company to defraud potential investors in a go-private transaction.

  • May 15, 2025

    Silver Airways Gets $5.5M DIP Financing Approval

    A Florida bankruptcy judge on Thursday granted final approval for Silver Airways LLC's $5.5 million debtor-in-possession financing and bidding procedures for the sale of all its assets to the DIP lender, following agreements with several administrative expense claimants.

  • May 15, 2025

    Creditors Say Azzur Ch. 11 Plan Kills Their Claims

    Unsecured creditors in Azzur Group's Chapter 11 case have urged a Delaware bankruptcy judge to reject the debtor's Chapter 11 plan, arguing that the proposal would "gratuitously and broadly" release potential liability for fraud or gross negligence and impair creditor recoveries as a result. 

  • May 15, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Warner Bros. asked a Delaware bankruptcy judge in Village Roadshow's Chapter 11 case to allow arbitration over profits tied to "The Matrix" films to continue. Rap artist Curtis "50 Cent" Jackson III asked to reopen his Connecticut bankruptcy, saying his confirmed Chapter 11 plan discharged a personal injury claim filed against him in New York. And the Second Circuit deployed the chief bankruptcy judge of the Eastern District of New York to help mediate adversary proceedings in Chinese exile Miles Guo's Chapter 11 case.

  • May 15, 2025

    Heritage Coal's Ch. 11 Equipment Deal Draws Court Scrutiny

    A Delaware bankruptcy judge expressed doubts Thursday about the viability of a Chapter 11 settlement proposed by Heritage Coal that would resolve a foreclosure action undertaken by secured lenders, saying that the deal was negotiated without a proper investigation into the liens and causes of action tied to the collateral.

  • May 15, 2025

    Troutman Adds K&L Gates CMBS Partner In NC

    Troutman Pepper Locke LLP announced it has hired Christopher J. Fernandez from K&L Gates LLP as a partner in its bankruptcy and restructuring practice group in Charlotte, North Carolina.

  • May 15, 2025

    Battery Recycler Cites 'Green' Funding Uncertainties In Ch. 15

    Lithium battery recycler Li-Cycle asked a New York bankruptcy judge to recognize its Canadian insolvency, saying the current political climate has made investors wary of infusing money needed to tap a $475 million U.S. federal loan.

  • May 15, 2025

    Whiteford Adds Montgomery McCracken Bankruptcy Ace

    Whiteford Taylor & Preston LLP has added a Montgomery McCracken Walker & Rhoads LLP bankruptcy attorney in Delaware to bolster its capacity to handle Chapter 11 and other bankruptcy proceedings.

  • May 15, 2025

    Office Snapshot: Richards Layton Upgrades Delaware Digs

    Delaware law firm Richards Layton & Finger PA this week unveiled completed renovations to its 150,000-square-foot, multifloor office at One Rodney Square in Wilmington, where the firm's president said the revamped space is better suited to meet the needs of its staff and clients.

  • May 14, 2025

    Atlantic City Timeshare Seller Can Draw Ch. 11 Financing

    A New Jersey bankruptcy judge on Wednesday agreed to grant interim approval for debtor-in-possession financing to Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, as the company moves toward a sale.

  • May 14, 2025

    Alex Jones Can't Duck $1B Sandy Hook Payout During Appeal

    Infowars host Alex Jones cannot avoid a $1.3 billion defamation judgment favoring the victims of the Sandy Hook Elementary massacre while he crafts an appeal to the U.S. Supreme Court in the hopes it accepts his final challenge to the record-breaking verdict, a Connecticut appeals court has ruled.

  • May 14, 2025

    Restaurant Headwinds Blew Bertucci's To 3rd Ch. 11

    Italian dining chain Bertucci's filed for bankruptcy in Florida last month, marking its third Chapter 11 case in seven years as many restaurant brands struggle with growing costs and decreased consumer spending.

  • May 14, 2025

    Plenty Unlimited To Exit Ch. 11 With Focus On Va. Farm

    Indoor farming upstart Plenty Unlimited Inc. secured a Texas bankruptcy judge's blessing Wednesday on a plan to leave Chapter 11 and renew efforts to expand its strawberry-growing facility in Richmond, Virginia, after settling numerous issues with creditors, its landlord and others.

  • May 14, 2025

    Judge Rejects DQ Of Smith Gambrell In Defamation Suit

    A New York federal judge denied a former Major Lindsey & Africa recruiter's bid to disqualify Smith Gambrell from representing Major Lindsey in the employee's $75 million federal defamation suit, saying the request wasn't ripe for consideration yet.

  • May 14, 2025

    Aspiration Partners' Extended Ch. 11 Sale Timeline Approved

    Sustainability-focused financial services firm Aspirations Partners received approval Wednesday in Delaware bankruptcy court for its Chapter 11 sale procedures after reaching an agreement with unsecured creditors to amend the terms of the plan.

  • May 14, 2025

    Hotel Operator Can Sell 188-Unit Apartment Complex In Ch. 11

    A Delaware bankruptcy judge on Wednesday approved California hotel operator MOM CA Investco LLC's request to sell a 188-unit apartment complex in Redlands, California, despite an objection from creditors who have accused the company of fraud.

  • May 14, 2025

    Grant & Eisenhofer Exits Tech Co. Ch. 11 After Watchdog Balk

    Insolvent technology firm AgileThought's special litigation counsel, Grant & Eisenhofer, said it was withdrawing from representing the debtor after the U.S. Trustee objected to a plan to have the firm also represent AgileThought's prepetition lender and the buyer of its assets, Blue Torch Finance LLC.

  • May 14, 2025

    McGlinchey Stafford Adds Real Estate, Financial Services Pro

    McGlinchey Stafford PLLC announced that the firm has added a real estate and financial services pro to its financial services litigation practice, who joins the firm following a five-year stint in private practice.

  • May 14, 2025

    A&O Shearman Adds Ex-Schulte Roth Restructuring Atty

    A&O Shearman has added a restructuring attorney previously with Schulte Roth & Zabel LLP as a partner in New York, the firm announced Wednesday.

Expert Analysis

  • Racing Corvettes Makes Me A Better Lawyer

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    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.

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • 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.

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