Bankruptcy

  • July 14, 2020

    Ore. Farm Again Hits Back At Hemp Producer In Seed Row

    An Oregon farm has once again filed counterclaims in a dispute with a now-bankrupt Kentucky CBD producer over $44 million in allegedly worthless hemp seeds, after the producer amended its complaint to include the farm's owner.

  • July 14, 2020

    Bracewell Lands Ex-Baker Botts Transactional Tax Partner

    Bracewell LLP has brought on a former Baker Botts LLP partner experienced in advising companies on transactional tax matters to the firm's tax practice in Washington, D.C.

  • July 14, 2020

    LATAM Creditors Take Aim At $900M DIP From Shareholders

    The unsecured creditors of LATAM Airlines Group are asking a New York bankruptcy judge to reject a request by the airline to accept $900 million in debtor-in-possession financing from a group of shareholders, calling it a giveaway to an insider group.

  • July 14, 2020

    RSG Group To Buy Gold's Gym Out Of Bankruptcy For $100M

    European fitness company RSG Group said Tuesday it is buying Gold's Gym out of pandemic-induced bankruptcy for roughly $100 million, a move that RSG Group expects will expand its U.S. footprint.

  • July 14, 2020

    Why Can't Female Lawyers Make Headway At The High Court?

    The number of female lawyers arguing before the U.S. Supreme Court hit a new low this year. Can the pipeline to these coveted oral argument slots be fixed?

  • July 14, 2020

    Judge Rejects 'Phony' $19M Weinstein Class Settlement

    A Manhattan federal judge on Tuesday abruptly rejected a proposed settlement and class certification bid in a sex abuse lawsuit against disgraced Hollywood producer and convicted rapist Harvey Weinstein, deriding the deal as "phony" and the class as nonexistent.

  • July 14, 2020

    Law360's Supreme Court Pop Quiz

    Test how closely you were paying attention to the explosive 2019-2020 Supreme Court term.

  • July 13, 2020

    Boies Schiller Adds Bankruptcy Attys In NY, London

    Boies Schiller Flexner LLP has added the former head of derivatives bankruptcy strategy at Lehman Brothers Holdings and the former executive director of distressed special situations at Nomura International PLC to its New York and London offices, respectively, the firm announced Monday.

  • July 13, 2020

    Greka Owes Another $54M In Loan Default Suit, UBS Says

    UBS told a New York federal judge that energy holding company Greka Integrated Inc. owes it an additional $54 million in interest, fees and costs after the bank's early victory in its suit over Greka's failure to repay $100 million in loans.

  • July 13, 2020

    Zohar Can Continue Ch. 11 Sale Plans Despite End Of Stay

    A Delaware federal judge on Monday upheld a September bankruptcy court decision that the sale of the Zohar Funds portfolio companies must continue despite the end of the stay of litigation between the funds and founder Lynn Tilton.

  • July 13, 2020

    Flooring Co. Congoleum Returns To Ch. 11 In NJ After Decade

    Flooring maker Congoleum Corp. Monday returned to Chapter 11 in New Jersey bankruptcy court after 10 years, claiming more than $100 million in liabilities.

  • July 13, 2020

    VidAngel Asks 9th Circ. To Nix Block On Streaming Service

    VidAngel Inc. has asked the Ninth Circuit to upend a California federal judge's "astoundingly vague and overbroad" order that blocked VidAngel from playing sanitized versions of movies by Walt Disney and other studios that sued the family-friendly streaming service into bankruptcy.

  • July 13, 2020

    The Sharpest Dissents From The Supreme Court Term

    The majority of this term’s dissents came from the court’s right-leaning justices, and many of their sharpest critiques stemmed from suits over Trump administration policies. Here, Law360 looks at some of the fieriest.

  • July 13, 2020

    Weinstein Accusers Call $19M Class Deal 'A Cruel Hoax'

    Several of Harvey Weinstein's accusers have lodged their opposition to the proposed $18.9 million settlement the Hollywood producer and convicted rapist reached to end a putative class action in New York alleging he sexually abused dozens of women, on Monday calling the deal "a cruel hoax" that would benefit Weinstein more than his accusers.

  • July 13, 2020

    Pot Co. IAnthus Aims To Trim $169M Debt Amid Investor Suits

    Embattled cannabis company iAnthus Capital Holdings Inc. unveiled a restructuring support deal Monday that would wipe out nearly $70 million in debt and resolve a creditor lawsuit in Canadian court as the company looks to fend off litigation over its financing practices. 

  • July 13, 2020

    Hedge Fund's Bid For McClatchy Heads To Judge Next Week

    Hedge fund Chatham Asset Management's bid for McClatchy Co. will go before a New York bankruptcy judge for approval before the end of July, the newspaper chain has announced.

  • July 13, 2020

    The Funniest Moments Of The Supreme Court's Term

    Justice Stephen Breyer conjured up a baffling hypothetical involving a Roman emperor, Chief Justice John Roberts stepped up his game on popular slang, and a toilet flushed loudly as a Latham & Watkins lawyer discussed constitutional rights. Here, Law360 highlights the most mirthful moments from this past term's U.S. Supreme Court arguments.

  • July 13, 2020

    The Chattiest Justice Of The Term Is ...

    One justice again stood out as the chattiest member of the Supreme Court this term. But that jurist's talk was tempered when the coronavirus pandemic forced the court to close its doors and conduct remote oral arguments, which were livestreamed for the first time in history.

  • July 13, 2020

    NY&Co. Parent Hits Ch. 11 With Store Closings To Follow

    The corporate parent of New York & Co. and other apparel brands hit Chapter 11 in New Jersey Bankruptcy Court on Monday with plans to close a significant portion of its stores as it struggles with nearly $450 million in debt, marking the latest retail dress-down compounded by the COVID-19 pandemic.

  • July 13, 2020

    Fracking Support Co. Hi-Crush Hits Ch. 11 To Cut $450M Debt

    Hi-Crush Inc., which provides logistics support to natural gas drillers in the fracking space, filed for Chapter 11 protection late Sunday in Texas with an eye toward slashing $450 million of note debt in the next 90 days.

  • July 10, 2020

    The Majority Of One: How Roberts Is Shaping The Court

    The 2019 term has removed all doubt: Chief Justice John Roberts Jr. is the power broker on the U.S. Supreme Court. But unlike past swing justices, the nation's top jurist puts the reputation of the court before his own conservative instincts and is willing to compromise when he needs to.

  • July 10, 2020

    Sur La Table Gets OK For Quick Road To Ch. 11 Auction

    A New Jersey bankruptcy judge on Friday gave his nod to Sur La Table's request for a quick auction timeline in its Chapter 11 case, noting the extensive effort the Seattle-based kitchenware retailer undertook to secure a $61 million stalking horse bid from Fortress Investment Group.

  • July 10, 2020

    Judge 'Taken Aback' By Vivus Equity Tradeoff In Ch. 11

    A Delaware bankruptcy judge said Friday that she was "taken aback" by conditions set by biopharmaceutical company Vivus Inc. for payments to otherwise wiped out stockholders in a prepackaged $235 million Chapter 11 restructuring, but she took no action on the provision at an initial case hearing.

  • July 10, 2020

    Breaking Down The Vote: The High Court Term In Review

    A docket packed with divisive cases. Experiments in remote oral arguments. Defining moments for the court’s new swing justice. Here, Law360 takes a data dive into the numbers behind this historic court term, when the unexpected reigned supreme.

  • July 10, 2020

    The Firms That Won Big At The Supreme Court

    Supreme Court oral arguments are always a high wire act. This term, a global pandemic, a docket of hot-button cases and an experiment with remote technology took the challenge to new heights. Here’s a look at the law firms that argued the most, and how they fared.

Expert Analysis

  • NY High Court Case Could Upend Litigation Finance Industry

    Author Photo

    A ruling in favor of the defendant in Fast Trak Investment v. Sax, a case recently accepted by the New York Court of Appeals, could enable borrowers to avoid repaying litigation funders by claiming state usury law violations, say attorneys at MoloLamken.

  • Associates Can Prioritize Biz Development Despite Pandemic

    Author Photo

    Although many traditional business development activities are on hold due to the COVID-19 pandemic, associates should seize the unique opportunities of this time to cultivate business by strengthening their personal and professional relationships, and developing new ones, says Jeremy Schneider at Jackson Lewis.

  • How New Fla. Real Estate Remedies May Benefit Lenders

    Author Photo

    Although Florida's recently passed Uniform Commercial Real Estate Receivership Act isn't specifically intended as COVID-19 relief, it should give lenders a better framework for contemplating receivership, streamlining commercial foreclosures and protecting their interests in the looming increase in foreclosures, say attorneys at Nelson Mullins.

  • Opinion

    Let's Create An Ethical Obligation For Attys To Fight Racism

    Author Photo

    In this moment of national recognition of historical institutional racism, the American Bar Association must implement a model rule that explicitly declares efforts to fight racism and advance equality to be a matter of attorneys' ethics and professional conduct, say Marc Firestone at Philip Morris International and David Douglass at Sheppard Mullin.

  • 2 Investment Advice Rulings Offer Lessons On Insider Liability

    Author Photo

    The Second Circuit's recent dismissals in Rubenstein v. International Value Advisers and Rubenstein v. Rofam may make it harder for plaintiffs seeking to impose liability premised on the existence of an insider group comprising an adviser and its clients, say Renee Zaytsev and Philip Sineneng at Thompson Hine.

  • 6 Considerations When Shopping For Legal Tech Software

    Author Photo

    When evaluating the vast range of legal technology options available today, law firms will want to make sure that firm intellectual property and client data stored in the software are encrypted, isolated, protected through backups and in compliance with the ever-growing list of data regulations, say Eric Tucker and Dorna Moini at Documate.

  • CARES Act Bankruptcy Litigation Raises Chevron Questions

    Author Photo

    While most bankruptcy courts have deferred, under the Chevron doctrine, to the Small Business Administration's decision to exclude bankrupt borrowers from the Paycheck Protection Program, the agency's rules appear to be shortsighted and misguided, says attorney Richard Corbi.

  • Law Firm Strategies For Publicizing Laterals Amid Lockdowns

    Author Photo

    With business development dinners and social events no longer viable for new lateral hires, law firms need a refreshed game plan — one that fully exploits the digital landscape, say Andrew Longstreth and Jesse Dungan at Infinite Global and Michael Coston at Coston Consulting.

  • Are Your Slack Communications Primed For E-Discovery?

    Author Photo

    With the increasing use of channel-based platforms such as Slack, Messenger and Teams in the work-from-home era, companies should assume they may be compelled to produce channel-based data in litigation and take proactive steps to protect sensitive information, say Jessica Brown and Collin James Vierra at Gibson Dunn.

  • Key Antitrust Considerations For Upcoming Bankruptcy Sales

    Author Photo

    There is likely to be a pandemic-related increase in acquisitions of companies or assets out of bankruptcy, and it is important to recognize that it is not atypical for the antitrust authorities to investigate and even challenge these transactions, say attorneys at Arnold & Porter.

  • 5 Biz Tax Reforms To Aid Long-Term Pandemic Recovery

    Author Photo

    As Congress negotiates another COVID-19 relief package, it should consider business tax measures that provide liquidity and encourage economic recovery by focusing budgetary resources on activities and circumstances connected to the pandemic and associated economic slowdown, says George Callas at Steptoe & Johnson.

  • 6 Dispute Prevention Steps As Lawsuits Rise Amid Pandemic

    Author Photo

    With the inundation of lawsuits resulting from the pandemic, now is an opportune time for companies and their advisers to implement prevention measures explicitly designed to break the dispute cycle early and to de-escalate possible legal actions as they form, says arbitrator and mediator Janice Sperow.

  • COVID-19 Relief Efforts Heighten Fair Credit Reporting Risks

    Author Photo

    Financial services companies should shore up documentation of credit reporting practices in anticipation of increased enforcement actions and civil litigation related to the Fair Credit Reporting Act and CARES Act compliance amid the COVID-19 crisis, say Allison Schoenthal and Ashley Hutto-Schultz at Hogan Lovells.

  • Opinion

    Time To Consider Percentage Rental Agreements For Lawyers

    Author Photo

    It has long been the law that attorneys cannot use percentage rental agreements because doing so would constitute an impermissible sharing of fees with nonlawyers, but such arrangements can help lawyers match expenses with revenues in lean times like now, say Peter Jarvis and Trisha Thompson at Holland & Knight.

  • What COVID-19 Means For The Future Of Health Mergers

    Author Photo

    Health industry sectors, including hospitals and physician organizations, are likely to see growth in consolidation activity as a result of COVID-19, but remote deal-making and other challenges will increase the difficulty of finalizing deals, says Larry Gage at Alston & Bird.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!