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Expert Analysis

Bankruptcy Judges Can Justly Resolve Mass Tort Cases

Johnson & Johnson’s recent announcement of a prepackaged reorganization plan for its talc unit highlights that Cha... (more story)

A Healthier Legal Industry Starts With Emotional Intelligence

The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early ... (more story)

5th Circ. Bond Claim Ruling Shows Creditors Must Be Vigilant

In Raymond James & Associates v. Jalbert, the Fifth Circuit recently held that the bankruptcy debtor's indemnifica... (more story)

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Judge Rejects Late Indemnity Claims In SVB Ch. 11

A New York bankruptcy judge refused to let Morgan Stanley and two individuals assert late claims for indemnification against the former parent of Silicon Valley Bank in its Chapter 11 case, concluding that the... (more story)

Giuliani's Ch. 11 Creditors Subpoena Sept. 11 Charity

Creditors of Rudy Giuliani are probing whether the former New York City mayor has been getting financial support from a nonprofit called Tunnel to Towers Foundation, which says its mission is to assist familie... (more story)

3 Takeaways From Cigna's Win In 9th Circ. Rehab Claim Fight

The Ninth Circuit's recent decision finding Cigna is off the hook for $8.6 million in out-of-network mental health and substance use disorder treatment claims against employee benefit plans administered by the... (more story)

Chinese Dissident's Banker Lied About Accounts, Jury Hears

The former head of banking for Miles Guo, the prominent Chinese dissident also known as Ho Wan Kwok, testified in Manhattan federal court Monday that he lied to financial institutions about a number of investm... (more story)

Paul Hastings Restructuring Pro Rejoins Arnold & Porter

Arnold & Porter Kaye Scholer LLP announced on Monday the hiring of a former Paul Hastings LLP of counsel as a partner in its bankruptcy and restructuring practice out of Chicago.

Copper Miner Hits Ch. 11 In Nevada With Over $500M Debt

Copper-mining company Nevada Copper Corp. filed for Chapter 11 bankruptcy protection on Monday in Nevada with up to $1 billion in debt, saying it intends to shutter its business and sell off its assets.

Ventilator Co. Vyaire Hits Ch. 11 As COVID Demand Wanes

Vyaire Medical Inc., a company that makes breathing ventilators and other respiratory treatment and diagnosis products, filed for Chapter 11 protection in Delaware after demand for its products waned following... (more story)

Talc User With Cancer Had 2nd Exposure Path, Jury Hears

A pulmonologist helping make the case that a Texas man got mesothelioma from using Johnson & Johnson talcum powder was pressed Friday as to why he failed to tell jurors that medical records reflect the man had... (more story)

Cruise Co. Gets Ch. 11 Plan OK After Last Objection Nixed

A Texas bankruptcy judge confirmed Hornblower Holdings LLC's Chapter 11 plan, disposing of the objection of a surety bond company responsible for customer refunds that wanted to be reimbursed in full and in ca... (more story)

Rite Aid Can Borrow Another $75M In Ch. 11 Plan Pursuit

Bankrupt retail drug-store chain Rite Aid Corp. received court approval on Friday in New Jersey for an amended debtor-in-possession financing package that provides $75 million in new-money financing as it move... (more story)

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Bankrupt UpHealth Warned Of Criminal Charges In India

A court in India said it has received a criminal charge sheet issued by an investigative governmental agency in Calcutta against bankrupt American healthcare company UpHealth, targeting it and executives over ... (more story)

Fish Taco Chain Rubio's Can Tap $4.5M Ch. 11 Loan

Rubio's Coastal Grill received a Delaware bankruptcy judge's initial approval on Monday to borrow $4.5 million in Chapter 11 financing, starting the California-based fish taco chain on a road it hopes will lea... (more story)

Amid FBI Probe, Troubled Law Firm Gets Fees Win At 5th Circ.

An embattled Texas law firm has won another shot to secure fees for its work on hurricane-related cases in Louisiana, the Fifth Circuit ruled, one day after the FBI revealed it was investigating the firm over ... (more story)

Italian Luxury Shoemaker's NY Unit Hits Ch. 11

The New York arm of Italian high-end footwear and fashion designer Giuseppe Zanotti's business applied for Subchapter V bankruptcy, seeking to get out of what it described as a burdensome lease and address $4.... (more story)

New 'Access DOJ' Aims To Nix Barriers, Boost Accessibility

The U.S. Department of Justice has announced the launch of an initiative to improve access to its programs and services, including an upcoming project to make it easier to report tips about crime or other violations of law.

Pharmacy Biz Files Ch. 11 With More Than $235M In Debt

Illinois-based specialty pharmacy Optio Rx has filed for Chapter 11 protection in Delaware bankruptcy court with more than $235 million in debt and an agreement with creditors for a partial debt-for-equity swap.

11th Circ. Urged To Undo Exclusion Of $80M Asset Valuation

A trustee for creditors of ATIF Inc. told the Eleventh Circuit on Friday that a trial judge erred in excluding an expert's $80 million valuation of the bankrupt title insurance underwriter's 2015 transfer of a... (more story)

Brewery Wants Extra Damages For Co-Owner's 'Brazen' Theft

A Colorado brewery accusing a former manager of embezzling hundreds of thousands of dollars has asked a state court for permission to seek exemplary damages, saying there's plenty of evidence the former manage... (more story)

Allegiance Can Pay Professional Fees Over Creditor Objection

A Delaware bankruptcy judge said Friday that bankrupt mining operation Allegiance Coal USA can begin to pay approximately $5.7 million in professional fees using cash left in its estate after its Chapter 11 re... (more story)

'Deceit On Deceit': 7th Circ. OKs Atty's Asset-Hiding Sentence

The Seventh Circuit Court of Appeals upheld a Chicago-area lawyer's three-year sentence for hiding over $350,000 in her brother's bankruptcy, finding two sentence enhancements were properly applied since she "... (more story)