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Expert Analysis

The BigLaw Settlements Are About Risk, Not Profit

The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk fa... (more story)

Brazilian Jiujitsu Makes Me A Better Lawyer

Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me... (more story)

Power To The Paralegals: An Untapped Source For Biz Roles

Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key... (more story)

Large Cap More

Judge OKs Steward Lender Deal, Ch. 11 Plan Vote

A Texas bankruptcy judge on Friday sent Steward Health Care's Chapter 11 plan out for a creditor vote and approved a settlement between the hospital chain and its secured lenders, saying the deal is the only w... (more story)

New Orleans Diocese Ch. 11 Plan Hearings Slated For Sept.

A Louisiana bankruptcy judge Friday scheduled a confirmation trial to begin in late September in the Archdiocese of New Orleans' Chapter 11 case, saying the proceedings have been ongoing for five years and she... (more story)

Barclay Damon Adds Ex-Lite DePalma Bankruptcy Chair

Barclay Damon LLP has added the former chair of Lite DePalma Greenberg & Afanador LLC's corporate, commercial and bankruptcy department to bolster its bankruptcy team and enhance its commercial and corporate l... (more story)

Trump Admin To Defend Biden's For-Profit College Loan Rule

The Trump administration will defend parts of a Biden-era U.S. Department of Education rule allowing students to have their federal loans forgiven over their college's misconduct, asking the U.S. Supreme Court... (more story)

Titans Of The Plaintiffs Bar: Philippe & Jennifer Selendy

Philippe and Jennifer Selendy, who met as associates at Cravath Swaine & Moore LLP and married in 1997, each spent nearly three decades building distinguished legal careers. They now continue their partnership... (more story)

3rd Circuit Preview: Tribal Immunity Limits On Deck For June

The Third Circuit's June argument lineup will find a finance company fighting a proposed class action over allegedly predatory payday loan fees because of its tribal ties, while a plumbing company argues that ... (more story)

Saudi Prince Again Ducks Bankruptcy Over $1.2B Debt

A Saudi Arabian prince evaded a bankruptcy petition from telecommunications business over a $1.2 billion arbitration debt, as a London appeals court ruled Friday that the company cannot challenge an earlier fi... (more story)

Steward Health Seeks OK For Lender Deal, Ch. 11 Plan Vote

Hospital chain Steward Health Care on Thursday asked a Texas bankruptcy judge to approve a settlement with its Chapter 11 lenders and send its bankruptcy plan out for a creditor vote, overruling arguments the ... (more story)

Cloudflare Asks To Appeal Decision In $50M Celsius Case

Cybersecurity company Cloudflare has urged a New York bankruptcy judge to let it appeal his decision to not dismiss a $50 million adversary lawsuit brought against the business by cryptocurrency debtor Celsius... (more story)

Fiber Internet Co. Everstream Can Use $35M Of DIP Package

A Texas bankruptcy judge Thursday gave Everstream Networks permission to tap $35 million of its $186 million debtor-in-possession financing package as the company, which provides fiber network services to busi... (more story)

Mid Cap More

Parents Bail Out Bankrupt Private School In Manhattan

The parents of students at a bankrupt Manhattan private school on Friday received approval from a New York bankruptcy judge to lend the school $280,000 to make payroll in a down-to-the-wire deal after a potent... (more story)

US Trustee Says CarePoint Can't Retroactively Hire K&L Gates

The U.S. Trustee's Office has asked a Delaware bankruptcy judge not to allow hospital chain CarePoint to retain K&L Gates LLP as special litigation counsel retroactively to the start of the bankruptcy case, sa... (more story)

Ch. 7 Trustee Can Claw Back Merchant Cash Advances

Payments made to a merchant cash advance lender by a now-insolvent business can be clawed back as avoidable transfers, a New York bankruptcy judge ruled Friday, siding with a Chapter 7 trustee for the bankrupt... (more story)

ENGlobal Gets Tentative OK To Take Votes On Ch. 11 Plan

Construction and engineering group ENGlobal received initial approval from a Texas bankruptcy judge Friday to send its Chapter 11 plan to creditors for voting, after lawyers representing the debtor said they w... (more story)

IT Contractor's Retainer Deposit Enough To Keep Ch. 11 In NY

A New York bankruptcy judge ruled Friday that information technology contractor Sysorex Government Services Inc.'s retainer on deposit for its Chapter 11 counsel was enough to establish venue in New York, reje... (more story)

Ex-Tilton Portfolio Co. Files Ch. 7 With $88M Debt

Intrepid USA Inc., a home health and hospice service provider that was part of Lynn Tilton's turnaround empire, has filed for Chapter 7 liquidation in a Texas bankruptcy court with more than $88 million in deb... (more story)

Judge Balks At Trimming Ex-GC's Bias Suit Before Arbitration

A New York federal judge rejected a recommendation to narrow and then send to arbitration a Black former general counsel's suit claiming she was fired from The Palm steakhouse chain out of race bias after her ... (more story)

Real Estate CFO, Mogul's Daughter Dodge Two Trustee Claims

The chief financial officer of bankrupt construction services company Gateway Development Group Inc. and the daughter of the company's chair have escaped a Chapter 7 trustee's claims that they helped the chair... (more story)

Montgomery McCracken Wins $680K Fees From Ch. 11 Client

A group of property development companies that Montgomery McCracken Walker & Rhoads LLP represented through years of bankruptcy reorganization still owe the firm $680,000, a Pennsylvania federal judge ruled Wednesday.

Stevens & Lee Adds Montgomery McCracken Bankruptcy Atty

Stevens & Lee announced Thursday it has hired an attorney who formerly worked at Montgomery McCracken Walker & Rhoads LLP to bolster its bankruptcy and financial restructuring group in Delaware.