To access this content, a subscription to Bankruptcy Authority is required.
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.
Meet The Attys Helping CVS' Omnicare Through Ch. 11
Omnicare, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, has enlisted the help of attorneys from Haynes Boone and Jenner & Block LLP to see it through the bankruptcy it began in the wake of a $949 million judgment issued against it in a New York federal court.
Superfund Dispute Helped Lead US Magnesium To Ch. 11
A long-running dispute with state and federal regulators over cleanup of a Superfund site next to Utah's Great Salt Lake was a major contributor to U.S. Magnesium's Chapter 11 filing earlier this month, more than 20 years after it acquired its predecessor during its bankruptcy.
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.
Meet The Attys Helping CVS' Omnicare Through Ch. 11
Omnicare, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, has enlisted the help of attorneys from Haynes Boone and Jenner & Block LLP to see it through the bankruptcy it began in the wake of a $949 million judgment issued against it in a New York federal court.
Superfund Dispute Helped Lead US Magnesium To Ch. 11
A long-running dispute with state and federal regulators over cleanup of a Superfund site next to Utah's Great Salt Lake was a major contributor to U.S. Magnesium's Chapter 11 filing earlier this month, more than 20 years after it acquired its predecessor during its bankruptcy.
Expert Analysis
-media.jpg)
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practic... (more story)
An unusual ruling from the Delaware Court of Chancery recently allowed Caremark oversight claims to proceed agains... (more story)
The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discha... (more story)
Large Cap More
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.
A Delaware bankruptcy judge has confirmed Avon's Chapter 11 plan a few days after verbally agreeing to approve it.
A liquidating trust related to Strike LLC, a gas pipeline servicing company, has struck a $440,000 deal with Jackson Walker LLP to resolve claims related to a concealed romance between a former firm attorney a... (more story)
Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, won a Texas bankruptcy court approval on Wednesday to use $25 million of interim debtor-in-possession financ... (more story)
The official committee of unsecured creditors in the Chapter 11 case of medical transport company Modivcare objected to final approval of the debtor's $100 million bankruptcy loan late Tuesday, telling a Texas... (more story)
Lawyers winding down the bankruptcy estate of department store J.C. Penney told a Texas bankruptcy judge on Wednesday they expect to be able to make final creditor payments shortly, nearly five years after the... (more story)
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.
Spirit Airlines urged a New York bankruptcy court Tuesday to approve a global resolution the company reached with AerCap, its largest lessor, that could be a major step forward for the budget airline's riskier... (more story)
A federal judge in North Carolina has dismissed prison healthcare provider Wellpath from a lawsuit brought by the family of a man who died of a stroke inside a Charlotte jail, finding that the company's bankru... (more story)
The recovery trust created under FTX's Chapter 11 plan has filed a lawsuit in Delaware bankruptcy court that aims to claw back more than $1 billion that FTX's founder invested in Genesis Digital Assets Ltd., a... (more story)
Mid Cap More
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 Exchang... (more story)
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 ... (more story)
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.
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.
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 l... (more story)
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.
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.
"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 faile... (more story)
A New York federal judge has ruled that a group of former shareholders of Eletson Holdings have no standing to appeal an order consummating the shipping company's Chapter 11 plan and no grounds to appeal sanct... (more story)
A single-asset real estate firm that owns an office building in the Denver Technological Center, or DTC, filed for Chapter 11 and faces a request for a receiver over the building it owns after it defaulted on ... (more story)