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Real Estate Recap: Insurance Allure, People Pinch, Blackstone

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an alluring source of capital for real estate investment trusts, how competition for skilled workers may ham... (more story)

Spirit Execs Say Investor Suit Can't Lean On 'Hindsight'

Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid t... (more story)

Rakoff Tosses Securities Fraud Claims Against Coinbase

U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform bloc... (more story)

Jane Street Slams Terraform's Insider Trading Claims

Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have ... (more story)

Big Banks Say Investors' Beefed-Up Tricolor Claims Still Fail

JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.

Fox Rothschild Lands Restructuring Ace From Riker Danzig

Fox Rothschild LLP gained a former longtime Riker Danzig LLP partner in its financial restructuring and bankruptcy department with experience in complex restructurings, corporate trust matters and more, the fi... (more story)

Freedom Forever Approved For Deal That Frees Up $1.5M

Freedom Forever received a Delaware bankruptcy court's approval Friday for a deal with a project financer that will free up $1.5 million for the Chapter 11 estate, allowing the bankrupt solar company to get do... (more story)

Saks Says Deal With Creditors Will Clear Path To Ch. 11 Plan

Saks Global Enterprises LLC has reached an agreement in principle on a global settlement that would resolve the concerns of its creditors committee and provide the luxury retailer with a path toward confirmati... (more story)

Top Restructuring Atty Joins Kirkland From Wachtell Lipton

Kirkland & Ellis LLP announced this week that it has hired the head of Wachtell Lipton Rosen & Katz's finance and restructuring practices, calling him a "leader in the field of liability management."

First Brands Wants More Time To File Ch. 11 Plan

Bankrupt auto parts maker First Brands Group asked a Texas court to extend the window during which it has the exclusive right to file a Chapter 11 plan, saying it spent months in mediation negotiating a settle... (more story)

Mid Cap More

9th Circ. Won't Renew Wash. Developer's Suit Against County

A Ninth Circuit panel declined Friday to resurrect a Washington developer's lawsuit accusing Whatcom County officials of violating its constitutional rights by scaling back a housing development plan, concludi... (more story)

Moelis, KPMG, FTI Defend Fees In Nine Energy Ch. 11

A trio of professional firms that advised oil service company Nine Energy in its speedy Texas Chapter 11 defended fee applications seeking a total of $5.7 million, saying a creditor's objections are too genera... (more story)

Film Co. Wins Claim Co-Founder Diverted Work To Rival

A London judge ruled Friday that a former director and co-founder of a video production company breached his duties to it by diverting business and misusing company information to run a competitor.

Honeywell Beats Suit Over Russian Legal Fee Advancement

The Delaware Chancery Court has recommended dismissing a former Honeywell executive's bid to force the company to cover his legal bills tied to Russian proceedings, finding that he failed to follow key contrac... (more story)

Cinemex Offers $6M For Movie Theater Co. IPic In Ch. 11

Bankrupt dine-in movie theater chain iPic Theaters LLC has received a $6 million offer for its assets from Cinemex, a competitor aiming to supplant stalking horse bidder Star Grill Cinema Inc.

Ch. 11 Trustee To Take Over NY Personal Injury Law Firm

A New York judge has agreed to appoint a Chapter 11 trustee to take over the estate of bankrupt personal injury firm Munawar Law Group PLLC following an examiner's report showing that the firm's principal may ... (more story)

Flight Sim Co. Nears Deal To Continue Pilot Training For Spirit

Avenger Flight Group, an insolvent flight training provider, said Thursday that it has reached an agreement in principle with bankrupt carrier Spirit Airlines that would both settle past claims and continue tr... (more story)

Prosecutor's Office Slips Contractors' Due Process Claims

A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business ri... (more story)

Carbon Health Floats $100M Credit Bid To Hedge Plan Fight

Bankrupt urgent care facility operator Carbon Health Technologies Inc. proposed in Texas court a $100 million credit bid sale from its prepetition lender, saying it is still pursuing its Chapter 11 reorganizat... (more story)

Lowenstein Sandler Aims For 'All-Inclusive' Delaware Office

Lowenstein Sandler LLP recently launched a Delaware office by bringing on Christopher A. Ward, who previously co-chaired Polsinelli’s bankruptcy practice, to lead and expand the office. Here, he tells Law360 P... (more story)

Expert Analysis

Law School's Missed Lessons: How To Draft Pleadings

Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or ot... (more story)

E-Discovery Quarterly: Recent Rulings On ESI Control

Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically ... (more story)

2 Discovery Rulings Break With Heppner On AI Privilege Issue

While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications wit... (more story)