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Expert Analysis

$38M Law Firm Settlement Highlights 'Unworthy Client' Perils

A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores th... (more story)

Teaching Business Law Makes Me A Better Lawyer

Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the... (more story)

Ch. 15 Ruling May Offer Path To Ch. 11 Workaround

In Mega Newco, a New York bankruptcy court recently recognized an English scheme of arrangement involving a Mexica... (more story)

Large Cap More

Carrier's Kidde-Fenwal Ch. 11 Deal Barred By Purdue, AGs Say

Connecticut and other states Monday objected to Carrier Global Corp.'s proposed $540 million deal releasing it from "forever chemicals" litigation liability through its ownership of bankrupt firefighting foam ... (more story)

Binance Calls FTX Ch. 11 Clawback Suit 'Legally Deficient'

Binance has asked a Delaware bankruptcy judge to dismiss FTX's lawsuit seeking to recover $1.76 billion that was transferred to Binance, accusing the estate of FTX of trying to "shift the blame" for that compa... (more story)

Irish Developer Inks $1.9M Deal With Ex Amid Conn. Ch. 7

The Chapter 7 trustee for Irish real estate developer Sean Dunne has agreed to settle for $1.9 million prepetition bankruptcy claims by Jennifer Coyle, a woman who said she was Dunne's first wife, capping what... (more story)

Avon Gets OK To Take Votes On Ch. 11 Plan With Talc Claims

A Delaware bankruptcy judge on Monday gave cosmetics seller Avon Products Inc. the go-ahead to solicit votes on a Chapter 11 liquidation plan, overruling an insurer's objection to the debtor's bid to allow tal... (more story)

Proskauer Adds Another M&A Atty In NYC From Ropes & Gray

Proskauer Rose LLP announced Monday that it has brought another Ropes & Gray LLP attorney specializing in distressed mergers and acquisitions to its New York office.

Rite Aid Hit With Proposed Class Action Over Layoffs

Rite Aid workers who were laid off in early May have filed a proposed class action against the pharmacy chain in New Jersey bankruptcy court, alleging the company failed to provide required notice to more than... (more story)

Bankrupt Steward Fights With Healthcare Providers Over $34M

Hospital chain Steward Health Care was in a Texas bankruptcy court Friday in a fight with Massachusetts and Florida healthcare providers over more than $34 million Steward claims is part of its bankruptcy estate.

Real Estate Recap: Gold Card, Hospitality, Revolving Door

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into the "Gold Card" visa program, the hospitality sector's reaction to tariffs, and the p... (more story)

Gol Linhas Says It Exceeded $1.9B Ch. 11 Exit Finance Goal

Brazilian airline Gol Linhas on Friday announced it overshot its goal of finding buyers for all $1.9 billion in exit financing notes it will issue under its proposed Chapter 11 plan, causing it to trim back th... (more story)

Rite Aid Gets 9-Member Ch. 11 Creditors' Committee

The Office of the U.S. Trustee has appointed a nine-member committee of unsecured creditors in the Chapter 11 case of retail pharmacy Rite Aid, including the federal entity tasked with protecting pension plans... (more story)

Mid Cap More

Heritage Coal's Ch. 11 Sale Timeline Approved In Del.

The proposed sale procedures for Heritage Coal, a bankrupt mining operation, received approval Monday from a Delaware bankruptcy judge, who overruled objections from the company's previous owners to certain deadlines.

Aspiration Partners Strikes Creditor Deal, Gets OK For DIP

Sustainability-focused financial services firm Aspiration Partners told a Delaware bankruptcy judge on Monday that it resolved creditors' objections to its nearly $20 million in Chapter 11 financing by excludi... (more story)

Biotech Services Company Files Ch. 11 With $60M In Debt

Contracted biotechnology research company AmplifyBio filed for Chapter 11 protection late Friday in Ohio bankruptcy court listing about $60 million in debt, saying it intends to sell its assets after failing t... (more story)

'50 Cent' Liquor Biz Eyes Ex-Boss's Conn. Home For $7M Debt

Famed rapper Curtis '50 Cent' Jackson's liquor company asked a Connecticut bankruptcy court to let the business enforce its lien on its former brand manager Mitchell Green's $1 million home in Westport to help... (more story)

Azzur Faces Uphill Battle To Get Ch. 11 Plan Confirmed

A Delaware bankruptcy judge on Monday told the attorneys for pharmaceutical services company Azzur Group that they have a "hard hill to climb" to get their client's bankruptcy proposal approved in court, durin... (more story)

Wachtell-Led Regeneron To Buy 23andMe, Gaining User Data

Regeneron Pharmaceuticals said Monday it emerged as the winning bidder for 23andMe, agreeing to pay $256 million to scoop the once high-flying consumer genomics firm out of bankruptcy while pledging to uphold ... (more story)

Manhattan Private School Files Ch. 11 On Verge Of Closure

Not-for-profit New York City private school Manhattan Country School has filed for Chapter 11 protection in a New York bankruptcy court with more than $27.4 million in debt, saying it's insolvent and on the ve... (more story)

Nuvo, Israeli Trustee Agree To Pause Bankruptcy Control Fight

Bankrupt Nuvo Group and an Israeli court-appointed trustee tasked with liquidating it will try to align their competing insolvency cases to end a heated tussle for control of the pregnancy technology firm, att... (more story)

US Trustee Challenges Creativemass Ch. 11 Liquidation Plan

The U.S. Trustee's Office objected to the proposed Chapter 11 plan of Creativemass, a wealth management app developer that is pursuing prepackaged liquidation, arguing that the plan would lock in prepetition n... (more story)

Bank Balks At Nostrum Ch. 11 Sale Over Drug Disposal Issue

Waterford Bank NA has objected to New Jersey drugmaker Nostrum Laboratories Inc.'s plan to sell an Ohio property, saying the bank doesn't want to be left to pay for the disposal of large quantities of controll... (more story)