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.

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.

The Second Circuit denied Reed Smith LLP's emergency stay request to pause lower court decisions requiring it to turn over client files related to shipping company Eletson on Friday, saying in a succinct order... (more story)

Attorneys told a Texas bankruptcy judge Friday that Polish solar group GoldenPeaks and an unsecured creditor have reached terms to resolve automatic stay violation litigation around a construction bond held in a Chinese bank.

Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who medi... (more story)

The trustee overseeing the liquidation of Bernie Madoff's sham investment fund has proposed a settlement worth about $29 million with Sumitomo Trust & Banking Co. Ltd. to resolve a clawback action aimed at rec... (more story)

China Evergrande Group's liquidators have agreed to sell a roughly 51% controlling stake in the company's property management arm to a PAG-backed investment vehicle for about HK$4.03 billion ($513 million), wi... (more story)

Asset management giant Brookfield is challenging a $4.3 million tax bill tied to its acquisition of a defunct Lehman Brothers unit, telling the U.S. Tax Court that the IRS incorrectly denied a deduction stemmi... (more story)

Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the ... (more story)

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)

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)

A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative ru... (more story)

A Delaware bankruptcy judge Friday approved the bidding procedures for the assets of artificial intelligence-powered entertainment platform Character Technologies, including a $20 million stalking horse bid fr... (more story)

Members of the Eastland family who control Camp Mystic signed off on a new governance structure that would see two independent managers handle both the company's bankruptcy and litigation stemming from last ye... (more story)

A London appeals court has set aside a bankruptcy order against a former Russian company executive, ruling that a lower judge wrongly rejected his challenge to the judgments underpinning the petition amid alle... (more story)

A Delaware bankruptcy judge Friday denied a request to sanction an Australian creditor that helped force cryptocurrency miner Mawson Infrastructure into bankruptcy for failing to post a bond, saying her instru... (more story)

A cannabis distributor is suing the owner of five dispensaries in California state court, alleging they haven't paid more than $301,000 in invoices and that they claimed they would pay on a "sell-through" basi... (more story)

Weil Gotshal & Manges LLP helped pioneer modern bankruptcy practice and earned hundreds of millions of dollars leading many of the biggest Chapter 11 cases in U.S. history. Its collapse this week marks a stunn... (more story)