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Jackson Walker Says US Trustee Can't Claw Back Legal Fees

Jackson Walker said this week that the U.S. Department of Justice's bankruptcy watchdog is beyond the bounds of its authority in a yearslong effort to force the firm to return millions of dollars in legal fees... (more story)

Guo Ch. 11 Trustee, Feds Reach Deal Over $800M Assets

A trustee overseeing the bankruptcy of exiled Chinese businessperson Miles Guo has told the Connecticut bankruptcy court he agreed to settle a dispute with the U.S. government over the treatment of more than $... (more story)

Trinseo Defends Debt Deals As Ch. 11 Plan Trial Wraps

Plastics maker Trinseo on Wednesday closed a trial in Texas bankruptcy court on its bid to trim about $2 billion in debt in Chapter 11, contesting an objecting creditor's claims that its prebankruptcy refinanc... (more story)

Spirit Flight Attendants Object To Google Data Sale

The union representing Spirit Aviation's flight attendants has asked a New York bankruptcy judge to reject the bankrupt airline's request to sell its internal data to Google for artificial intelligence trainin... (more story)

CFTC Spares FTX's Ellison, Wang Fines For Cooperation

Former FTX and Alameda Research executives Caroline Ellison and Gary Wang have agreed to trading and registration bans, but will not face financial penalties, as part of deals with the U.S. Commodity Futures T... (more story)

Hunton Adds A&O Shearman Bankruptcy Partner In Dallas

Hunton Andrews Kurth LLP announced Wednesday that it has boosted its national restructuring and bankruptcy practice with a Dallas-based partner who came aboard from Allen Overy Shearman Sterling.

Tricolor Execs Accused Of Securities Fraud By SEC

The U.S. Securities and Exchange Commission on Tuesday sued the founder of bankrupt subprime auto lender Tricolor Holdings and two of its executives, accusing them of double pledging collateral and misrepresen... (more story)

Summer Camps' Owner Facing Liquidation, Claims Top $882M

Michael Shabsels, one of the brothers who were in charge of a summer camp and real estate empire before it crashed in June, has two weeks to file financial information in his own Chapter 11 case or else face c... (more story)

Franchise Group Trust Seeks $700M Over Take-Private Deal

The litigation trust created after Franchise Group Inc.'s bankruptcy on Tuesday sued the company's former CEO, advisers and others in the Delaware Chancery Court, accusing them of carrying out a fraudulent tak... (more story)

Salad And Go Can Hold October Ch. 11 Auctions For Leases

A Texas bankruptcy judge agreed on Tuesday to approve bidding procedures for defunct drive-thru chain Salad and Go to hold Chapter 11 auctions in early October for some 82 leases in four states.

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Oklahoma Apartment Owner Pushes For Trustee In YSA Ch. 11

The owner of an Oklahoma apartment complex asked a bankruptcy judge on Tuesday to appoint a Chapter 11 trustee in the insolvency case of YSA Investments 1 LLC, saying ongoing litigation and questions about the... (more story)

Ed Tech Co. Conscious Content Seeks $3M DIP Boost

Education technology firm Conscious Content asked a Delaware bankruptcy judge Wednesday to let it take out $3 million in new Chapter 11 financing, telling the court the company needs the additional cash while ... (more story)

Horticultural Supplier BFG Files For Ch. 11 Seeking Sale

A major U.S. distributor of horticultural and agricultural supplies, BFG Supply Co. LLC, filed for Chapter 11 bankruptcy protection in Delaware, reporting between $100 million and $500 million in both assets a... (more story)

Coinbase Must Face Investor Suit Over SEC, Bankruptcy Risks

A New Jersey federal judge on Tuesday denied Coinbase's latest bid to escape a proposed class action accusing it of misleading investors about risks tied to regulatory action and potential bankruptcy, ruling t... (more story)

Medical Staffing Co.'s Ex-CFO Beats Fiduciary, Fraud Claims

The Delaware bankruptcy court has thrown out claims from American Physician Partners' liquidating trustee alleging the company's former chief financial officer breached fiduciary duties by taking a bonus and o... (more story)

Sandy Hook Families Say Alex Jones Co. Can't Dodge Bond

Sandy Hook Elementary School massacre victims' families have asked the Texas Supreme Court to dissolve an appeals court order blocking a receiver from deploying the assets of Alex Jones' Free Speech Systems LL... (more story)

MMA Law Tells 5th Circ. It Didn't Waive Hurricane Suit Fees

MMA Law Firm has urged the Fifth Circuit to vacate a Texas federal district court ruling against it, arguing the district court did not have jurisdiction to hear an appeal of a bankruptcy court's decision to g... (more story)

NJ Judge OKs Insurer Deal For $180M Diocese Abuse Fund

A New Jersey bankruptcy judge on Tuesday approved a deal between the Roman Catholic Diocese of Camden, New Jersey, and a group of its insurers to create a $180 million fund to pay sexual abuse claims against the diocese.

Ch. 11 Dismissal Bid Fans Flames In Power Plant Control Fight

Omnis Pleasants' parent company formally moved for dismissal of the West Virginia coal plant's Chapter 11 proceeding in Delaware, alleging the case was launched to gain an advantage in pending governance litig... (more story)

Battery Recycler Wins Plan OK Over US Trustee Objection

A Texas bankruptcy judge Monday approved the post-sale Chapter 11 liquidation plan of battery recycler Ascend Elements, overruling an objection from the U.S. Trustee's Office to an exculpation for the sole mem... (more story)

Expert Analysis

Correctional Healthcare Requires Clearer Legal Standards

As the correctional healthcare industry increasingly faces financial instability due to litigation, the U.S. Burea... (more story)

Law School's Missed Lessons: Surviving A Long Trial

Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-... (more story)

Going To Hardcore Shows Makes Me A Better Lawyer

While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are abou... (more story)