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Bankruptcy titan Weil Gotshal & Manges LLP announced it would wind down, the U.S. Department of Justice named a new head for the U.S. Trustee Program, and the nationwide Bankruptcy Noticing Center resumed operations following a cybersecurity incident.
Trustees overseeing financier Wing-Fai Ng's Hong Kong bankruptcy have filed a Chapter 15 petition in California seeking recognition of the Hong Kong proceeding and authority to pursue his U.S. assets, including his equity in Nasdaq-listed Triller Group Inc.
The Office of the U.S. Trustee has appointed Dechert LLP lawyer Steven A. Engel as examiner in bankrupt satellite internet provider Hughes Satellite Systems Corp.'s Chapter 11 case.
A federal judge Tuesday said he was not inclined to rule just yet on a motion to compel documents and other discovery material related to the closure and attempted renaming of the John F. Kennedy Center for th... (more story)
Law firms, law schools and individual attorneys are offering support to affected Weil associates and law students, but some still face tough choices ahead.
A federal bankruptcy judge has ordered the Defense Logistics Agency to turn over $8.5 million in overdue payments to Noble Supply & Logistics, rejecting the government's attempt to freeze funds over as yet unp... (more story)
Bryan Cave Leighton Paisner LLP announced Tuesday that it has promoted 15 lawyers to partner across eight offices in Europe and the U.S.
An Outback Steakhouse franchisee, a pharmaceutical cancer treatment company and a boutique fitness studio operator were among the debtors entering bankruptcy in the last week.
A prominent co-leader of the real estate practice at Weil Gotshal & Manges LLP is joining Goodwin Procter LLP as his former firm begins to wind down operations, according to a Tuesday announcement.
Affiliates of ZOM Living, a Florida-based developer of luxury apartment buildings, have filed Chapter 11 papers with about $541 million of unsecured debt, saying the bankruptcy was a "last attempt to save thei... (more story)
Liquidating airline owner Spirit Aviation Holdings proposed a settlement with a credit card processing partner in New York bankruptcy court late Friday that will see the processor release most of a $76 million... (more story)
AI-focused Scissero Law Ltd. said Monday that it is discussing a majority investment with around half a dozen midsized private equity firms and is also speaking with partners and other lawyers from Weil Gotsha... (more story)
Pharmaceutical company Karyopharm Therapeutics Inc. on Monday filed for Chapter 11 protection in a Texas bankruptcy court with $441.5 million in debt and a plan to merge with biotechnology firm Ayrmid Ltd.
FuturHealth, a weight loss-focused telehealth platform, can access $1.5 million of its $5 million debtor-in-possession loan, a Delaware bankruptcy judge said Tuesday, granting interim approval of the financing... (more story)
A Texas bankruptcy judge has approved a proposal by Camp Mystic to appoint a pair of independent managers to handle the summer camp's bankruptcy and litigation stemming from a deadly 2025 flood.
Bankrupt former publican Jon Adgemis has told a Federal Court of Australia examination on Tuesday that he "can't recall" the details of his financial arrangements or the GST refunds of his sprawling Sydney pub... (more story)
Investors of now-bankrupt vaccine company Gritstone Bio Inc. have asked a California federal court to grant final approval to a $6 million settlement resolving claims that its former CEO failed to disclose the... (more story)
A New York federal judge has ordered the former chief operating officer of an Arizona sporting complex to pay more than $2 million in restitution for his role in a nine-figure bond fraud scheme.
A telehealth company focused on weight loss has filed for Chapter 11 protection in Delaware with $28 million in liabilities and a dual-track plan to either sell its assets or reorganize.
Holy Redeemer Health System filed for Chapter 11 protection in Pennsylvania to address about $441 million in liabilities, sell its hospital and restructure its senior and life care medical divisions.
The operator of 61 Outback Steakhouse franchises in California and the Southwestern states Monday filed for Chapter 11 protection in Delaware with nearly $320 million in secured debt, saying the company had be... (more story)
The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.
A Delaware bankruptcy judge Friday kicked the Chapter 11 plan confirmation hearing for MII Aviation into the following week, after the debtor reported it was unable to reach a settlement with an objecting cred... (more story)
Jane VanLare and Timothy Wolfe
Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avo... (more story)
Michael Ott
The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attor... (more story)
Kenneth Rosen
A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)