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Expert Analysis

Junior Attys Must Beware Of 5 Common Legal Brief Mistakes

Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from includi... (more story)

3rd Circ. Clarifies Ch. 11 3rd-Party Liability Scope Post-Purdue

A recent Third Circuit decision that tort claims against the purchaser of a debtor's business belong to the debtor... (more story)

Power To The Paralegals: How And Why Training Must Evolve

Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaborat... (more story)

Large Cap More

Attys Get Mixed NJ Discipline After Fraud Convictions

The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his o... (more story)

Coinbase Gets Securities Suit Over Biz Risks Trimmed

A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and reg... (more story)

Reed Smith Seeks 2nd Circ. Help Over Eletson Orders

Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers represent... (more story)

PG&E Brass, Underwriters Get Investors' Wildfire Suit Tossed

A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by ... (more story)

First Brands Can Tap $1B DIP As It Seeks Stability In Ch. 11

A Texas bankruptcy judge Wednesday gave interim approval to car parts maker First Brands' $1.1 billion debtor-in-possession loan, freeing up $500 million in funds, after a stalled refinancing and limited liqui... (more story)

Alex Jones Ch. 7 Stay Doesn't Protect Co. Assets, Judge Says

The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, ... (more story)

Conn. Diocese Attys Slam US Trustee's $3.1M Fee Complaint

The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined... (more story)

Genesis Healthcare Sues HHS To Halt Ala. Facility Closure

Genesis Healthcare has filed an adversary complaint against the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services as it seeks to keep open an Alabama skilled nursing faci... (more story)

Hub Hires: Morgan Lewis, WilmerHale, Simpson Thacher

Other than the Red Sox and a few muggy late summer days, few things were hotter in September than the Boston legal market. Morgan Lewis made four lateral hires, WilmerHale welcomed back an experienced life sci... (more story)

McKinsey Trims Endo Suit But Can't Nix Indemnification Claim

A New York bankruptcy judge trimmed an adversary suit Monday claiming McKinsey & Co. Inc. should pay at least $1.5 billion to cover costs bankrupt pharmaceutical developer Endo International racked up defendin... (more story)

Mid Cap More

Ch. 11 Trustee Appointed In Eventide Bankruptcy

A Texas bankruptcy judge has appointed a Chapter 11 trustee in the bankruptcy of Eventide Credit Acquisitions following a request from the official committee of unsecured creditors.

Cajun Restaurant Chain Hits Ch.11 Amid Consumer Shifts

Cajun restaurant chain Razzoo's filed for Chapter 11 protection in Texas bankruptcy court, citing consumer shifts since the COVID-19 pandemic began that have led to financial distress and made it necessary for... (more story)

NYC Nightclub Settles With Ch. 11 Creditors For Sale, Plan

The owner of the Brooklyn Mirage music venue has proposed a settlement with its creditors' committee that will oust its current owner and pay unsecured creditors $3.3 million, allowing a sale of assets to a pr... (more story)

Even Bad Faith Ch. 13 Debtor Has 'Absolute' Dismissal Right

A New Jersey bankruptcy judge has ruled that a Chapter 13 debtor has the "absolute" right to have his bankruptcy case voluntarily dismissed, even if it was filed in bad faith, an issue not yet decided by the U... (more story)

Platinum Awarded $7M In Ch. 15 Row With Portfolio Manager

A New York bankruptcy judge has ruled a former portfolio manager at Platinum Partners must pay administrators for the defunct hedge fund more than $7 million for improperly exercising a warrant to buy biopharmaceutical stock.

Judge OKs Desktop Metal Ch. 11 Liquidation

A Texas bankruptcy judge Tuesday approved a liquidation plan for bankrupt 3D printer designer Desktop Metal Inc. after the debtor struck an agreement with its parent company and key lender.

3rd Circ. Mulls Liens On Casino Revenue In Pa. City's Ch. 9

The Third Circuit Court of Appeals on Tuesday pressed attorneys for Delaware County and municipal bondholders on why their liens on city-generated revenues carried forward when the Pennsylvania city of Chester... (more story)

Real Estate Mogul Invited To Settle Fraud, Wage Suit For $40M

A Chapter 7 trustee and a minority shareholder have offered to drop a sprawling lawsuit against a New York and Connecticut real estate mogul and other company leaders in exchange for $40 million, less than two... (more story)

Hooters Gets OK To Exit Bankruptcy, Shift To Franchise Model

A Texas bankruptcy judge Tuesday approved restaurant chain Hooters of America's plan to sell more than 100 restaurants to a group of franchisees and exit Chapter 11, confirming the debtor's reorganization plan... (more story)

Merit Street Ch. 11 Judge Shares Dismissal Evidence Concern

The bankruptcy judge presiding over the Chapter 11 case of Merit Street Media expressed his concerns Monday over some of the evidence presented during a multi-day trial over motions to dismiss the company's ba... (more story)