Mid Cap
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September 26, 2025
NJ Riverfront Site Owner Hits Ch. 11 Ahead Of Sheriff's Sale
A property owner accused of defrauding an investor with phony development plans for a New Jersey site on the Hudson River sought Chapter 11 protection ahead of a sheriff's sale Friday, claiming it owes $67.3 million to creditors that include a foreclosing developer.
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September 26, 2025
What's Happening In Bankruptcy Court This Coming Week
Furniture company Walker Edison will undergo a hearing about its postpetition financing deal, a judge will consider the terms of a global resolution proposed between Spirit Airlines and its largest lessor, and the Chapter 15 representative for an Austrian biotechnology company will seek subpoena power. Here are some of the noteworthy hearings scheduled for next week.
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September 26, 2025
Insurers' $9M Deal With Pump Co.'s Trustee Gets Judge's OK
Chubb's Century Indemnity Co. and ACE American unit Pacific Employers Insurance Co. have received a Connecticut federal judge's approval to pay $9 million to a pump manufacturer's Chapter 7 estate, allowing the insurers to settle claims that The Nash Engineering Co. fraudulently transferred policies meant to cover asbestos claims.
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September 26, 2025
Miss America Dispute Turns On Dueling Fraud Claims
A real estate developer and his attorney have hit back at claims they should be sanctioned for allegedly submitting fake contracts as evidence they own the company that runs the Miss America pageant, asserting in a Florida federal court filing that their litigation opponents are the ones "engaging in fraud."
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September 26, 2025
Plant Downtime, Price Swings Sent Aleon Metals To Ch. 11
Despite a growing market for the products extracted in its petroleum recycling process, Aleon Metals entered bankruptcy in Texas last month saying equipment issues stalled operations, adding onto financial woes from fluctuating commodity pricing.
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September 26, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.
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September 25, 2025
Ex-Highland CEO Tells High Court Judge's Novels Show Bias
The founder and president of hedge fund Highland Capital Management has asked the U.S. Supreme Court to weigh in on a bankruptcy judge's refusal to recuse herself from proceedings involving the company after she published two novels that he says contain veiled commentary about the case.
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September 25, 2025
23andMe Hit With Thousands Of Suspect Data Breach Claims
A Missouri bankruptcy judge said Thursday he was prepared to allow the Chapter 11 plan of 23andMe to go out for a creditor vote and have the go-ahead to deal with what the former genetic testing company said may be tens of thousands of fake data breach claims.
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September 25, 2025
Dr. Phil Defends Worker Layoffs That Came With Ch. 11
Phil McGraw, also known as Dr. Phil, hit back Thursday at accusations that workers at his television channel joint venture were fired when it filed for bankruptcy so they could work for a new entity started by McGraw, saying that the terminations were needed because the company's financials hit a wall that couldn't be overcome.
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September 25, 2025
Buffalo Diocese Delays Bid To Hire Jones Day For Ch. 11 Help
A New York bankruptcy judge agreed on Thursday to table a request by the Roman Catholic Diocese of Buffalo, New York, to hire Jones Day for help working out legal issues related to a nonprofit, as the debtor races to propose a Chapter 11 plan by Oct. 1 to support a $272.5 million settlement.
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September 25, 2025
Under The Radar: Bankruptcy News You May Have Missed
FTX's recovery trust announced plans to give creditors $1.6 billion in distributions, the trustee overseeing the liquidation of Bernie Madoff's fraudulent investment firm won a $6.4 million clawback fight with another firm, and fiber network developer Tilson asked for more time to file a Chapter 11 plan. These are some of the bankruptcy stories you may have missed in the past week.
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September 25, 2025
Flagstar Seeks Instant Win In Ex-Live Well VP Fraud Case
Flagstar Bank has urged a Michigan federal judge to grant it an early win against a former executive of the now-bankrupt Live Well for his role in a scheme to defraud lenders by inflating the value of bonds, saying because the executive already pled guilty to securities fraud, he cannot now deny liability in the bank's civil case.
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September 25, 2025
Atty's 'Horrible' Mistake Rooted In Firm Biz, NJ Justices Hear
Former Sacks Weston attorney Scott Diamond's counsel urged the New Jersey Supreme Court on Thursday to refrain from disbarring him for fraudulently resolving cases behind his former firm's back, arguing during a hearing that his actions stemmed from a "bona fide" business dispute.
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September 25, 2025
Michael Best To Combine With Denver Firm Allen Vellone
Michael Best & Friedrich LLP is expanding its Denver office through a merger with 15-attorney litigation- and bankruptcy-focused firm Allen Vellone Wolf Helfrich & Factor PC, the firm said Wednesday.
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September 25, 2025
Jackson Walker Reaches 2 New Deals Over Judge Romance
Jackson Walker LLP has reached two new settlements to resolve claims related to a concealed romance between a former firm attorney and a onetime bankruptcy judge, marking at least five such settlements since the scandal broke.
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September 25, 2025
Ex-Nikola CEO To Appeal Ch. 11 Plan Confirmation
The founder and former CEO of Nikola said Thursday he will appeal a Delaware bankruptcy court's approval of the electric-truck maker's Chapter 11 plan, which has already settled the U.S. Securities and Exchange Commission's penalty claims and provides recoveries for general unsecured creditors.
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September 24, 2025
Mega-Bankruptcies Hit Post-COVID High, Report Says
Big corporate bankruptcies are on the rise, with 17 companies that hold more than $1 billion in assets each filing for bankruptcy in the first half of 2025, marking the highest number of filings in any six-month period since the onset of the COVID-19 pandemic in 2020, according to a report released Wednesday by Cornerstone Research.
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September 24, 2025
Texas Enviro Agency Opposes Aleon's Ch. 11 Sale Of Permits
A Texas environmental regulator has objected to the proposed sale of assets of debtor Aleon Metals, telling a bankruptcy court Aleon is seeking to unload environmental permits that state law does not allow to be sold while excluding certain liabilities.
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September 24, 2025
Calf. Property Owner Renews Ch. 11 With $10M+ In Debt
The owner of a lot in California estimated to be worth $46 million renewed efforts to perform a Chapter 11 and address unsustainable debt, having filed for bankruptcy earlier this year but not completing the process.
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September 24, 2025
Maverick Gaming Gets OK For $28M Card Room Sale
A Texas bankruptcy judge gave Maverick Gaming permission Wednesday to sell four of its card rooms to its founder for $28 million, a price the casino operator said was driven up more than 60% through competitive bidding.
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September 24, 2025
Eletson Renews Call For Reed Smith DQ In Ch. 11
Oil and gas shipping company Eletson Holdings has again urged a New York bankruptcy court to have Reed Smith disqualified from its Chapter 11 case, asserting that recent court rulings indicate the entity the law firm purports to represent does not exist and may be involved in fraud.
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September 24, 2025
Books Inc. Gets OK For $3.25M Sale To Barnes & Noble
California's oldest independent bookstore chain, Books Inc., received approval Wednesday from a bankruptcy judge for a $3.25 million sale to Barnes & Noble, and hopes to close on the sale Oct. 1.
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September 24, 2025
Kennedys Adds Bankruptcy Partner From Connell Foley In NJ
Kennedys CMK grew in New Jersey this week with the hire of a bankruptcy and creditors' rights expert joining the firm after nearly 20 years as a partner at Connell Foley LLP.
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September 23, 2025
This Week In Healthcare Cybersecurity
Expiring Obama-era cybersecurity legislation, U.K. charges for 'Scattered Spider' breach, and the challenges of 23andMe's bankruptcy. Law360 looks at the week in cybersecurity developments affecting the healthcare industry.
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September 23, 2025
Dr. Phil Says Trinity 'Abandoned' TV Network Before Ch. 11
"Dr. Phil" McGraw testified Tuesday in Texas bankruptcy court that he sought control of his joint venture with Trinity Broadcasting last year because his partner had "abandoned" the venture's mission and failed to support it during its startup phase.
Expert Analysis
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Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.