Bankruptcy

  • September 10, 2026

    Bankman-Fried Asks Justices To Review His Fraud Conviction

    Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.

  • September 10, 2026

    Nielsen Tells 2nd Circ. Court Altered Terms Of Cumulus Order

    Nielsen is headed back to the Second Circuit after a New York federal court changed the terms of a preliminary injunction that the appellate court had already upheld, the company said, requiring Nielsen to not only unbundle its national radio ratings data from its local offerings but also to provide that data on specific terms.

  • September 10, 2026

    Yellow Corp.'s Ch. 11 Agreements With Pension Funds Approved

    A Delaware bankruptcy judge has approved agreements between former trucking giant Yellow Corp.'s liquidating trust and certain pension funds totaling $525.9 million, resolving withdrawal liability claims and adding to an earlier batch of settlements approved in the company's Chapter 11 case.

  • September 10, 2026

    Fulcrum Trust Wants To Claw Back $13.5M Insider Payments

    The liquidation trust for defunct fuel-to-waste refiner Fulcrum is asking a Delaware bankruptcy judge to allow it to recover $13.5 million in payments that the trust says were made to company insiders while the company was sliding into bankruptcy.

  • September 10, 2026

    Fla. Fiber Infrastructure Co. Files Ch. 7 With Over $100M Debt

    Florida-based telecom infrastructure developer Full Circle Fiber has filed for Chapter 7 liquidation in Delaware bankruptcy court with under $10 million in assets and $100 million to $500 million in liabilities.

  • September 10, 2026

    Solar Farms Owner Hits Ch. 11 With More Than $100M Debt

    PGR Lessee I and 18 affiliates that operate solar farm projects in Rhode Island, North Carolina and South Carolina filed for bankruptcy protection in Texas, estimating up to $500 million in liabilities.

  • September 09, 2026

    Ex-Nikola CEO's Pardon Doesn't Let Him Beat Investor Suit

    The presidential pardon Nikola founder Trevor Milton received for his criminal conviction on securities fraud charges does not bar him from facing similar civil claims alleging he and the electric-vehicle startup exaggerated the viability of the company's prospects, an Arizona federal judge ruled.

  • September 09, 2026

    Pa. Ch. 7 Judge Pans NJ AG In Remanding 'Ghost Gun' Suit

    A Pennsylvania federal bankruptcy judge says an alleged seller of "ghost gun" kits improperly tried to remove a civil suit filed by the New Jersey Attorney General's office to his court, but chided the AG for assuming that her lawsuit was immune from the automatic bankruptcy stay.

  • September 09, 2026

    2nd Circ. Says FDIC Need Not File Claim To Save SVB Setoff

    The Federal Deposit Insurance Corp. is not required to file a claim in the bankruptcy case of Silicon Valley Bank's former parent to preserve its defensive setoff rights, the Second Circuit found Wednesday, delivering another blow to the company in its legal battle with the regulator.

  • September 09, 2026

    Texas Justices Reject Sandy Hook Families' Infowars Appeal

    The Texas Supreme Court on Wednesday denied Sandy Hook families' requests to dissolve lower appeals court orders that stopped a court-appointed receiver from assuming control of bankrupt commentator Alex Jones' website Infowars and leasing the intellectual property of its parent company Free Speech Systems LLC to satire publication The Onion.

  • September 09, 2026

    Mass. Justices Probe $8M Waterfront Sale To Audubon Group

    A justice on Massachusetts' top court asked Wednesday whether a court-appointed receiver had a duty to investigate more lucrative offers before selling an 18-acre abandoned industrial site to a nonprofit that intends to turn the property into a wildlife sanctuary.

  • September 09, 2026

    Ex-SDNY Judge Joins Zaiger Linden After Joseph Hage Closure

    Commercial litigation boutique Zaiger Linden Roberti & Pepe LLC announced this week that it has hired a former U.S. bankruptcy judge for the Southern District of New York who most recently worked at now-shuttered Joseph Hage Aaronson LLC, touting his history of working on "many of the nation's largest and most consequential business bankruptcies."

  • September 09, 2026

    Chinese Real Estate Co. Seeks Ch. 15 In Latest Restructuring

    Chinese real estate services group E-House asked a New York bankruptcy judge to recognize a Cayman Islands restructuring addressing over $900 million in debt, marking its third Chapter 15 petition since 2022.

  • September 09, 2026

    Watchdog Defends Standing In Jackson Walker Fees Case

    A Texas bankruptcy judge will make a finding on the U.S. Trustee's Office's authority to seek to have attorney fees clawed back from Jackson Walker LLP, after hearing the watchdog argue Wednesday that its public service mission grounds the effort.

  • September 08, 2026

    Defense Contractor Floats Oct. Asset Auction In Ch. 11

    U.S. military contractor Noble Supply & Logistics LLC asked a Delaware bankruptcy judge to approve bidding procedures calling for an auction of the company's assets in October, with the sale to close by Nov. 13.

  • September 08, 2026

    Dish Wireless Creditors Seek Ch. 11 Trustee Over Conflicts

    The official committee of unsecured creditors in the Chapter 11 cases of Dish DBS Corp. and affiliate Dish Wireless have asked a Texas bankruptcy judge to appoint a Chapter 11 trustee to manage the wireless debtors' estates, arguing there are irreconcilable conflicts in the cases.

  • September 08, 2026

    Conn. Justice Says $87M Telecom Bid 'Hard To Take Seriously'

    A once-bankrupt telecommunications company's bid for more than $80 million in interest on top of a $3.6 million judgment seemed "absurd" to one Connecticut Supreme Court justice hearing a 16-year-old contract dispute Tuesday, though he later said the party that hasn't paid shouldn't escape entirely unscathed.

  • September 08, 2026

    LIV Golf Hits Ch. 11 After Losing Saudi Backing

    LIV Golf filed for Chapter 11 protection in New Jersey bankruptcy court Tuesday with more than $500 million in debt after losing the financial backing of Saudi Arabia's Public Investment Fund, saying it plans to hand control of the company to its players.

  • September 08, 2026

    Retailer Francesca's Gets Approval For Ch. 11 Wind-Down

    A New Jersey bankruptcy judge Tuesday confirmed the Chapter 11 plan of Francesca's, after counsel for the women's clothing retailer said the debtor had resolved all objections to its plan to liquidate its remaining assets.

  • September 08, 2026

    777 Partners Gets OK To Ditch 6 Leases In Ch. 11 Case

    Investment firm 777 Partners secured a Texas bankruptcy judge's approval Tuesday to reject six leases for offices the debtor occupied before seeking Chapter 11 protection in August.

  • September 04, 2026

    Blockchain Biz Archblock Seeks More Time For Ch. 11 Plan

    Blockchain business Archblock LLC has asked a Delaware bankruptcy court to extend its Chapter 11 plan exclusivity period, saying the case is complex and negotiations with the creditors committee are progressing.

  • September 04, 2026

    Receiver Needed For Apt. After $170M Default, Lender Says

    A commercial lender asked a Colorado state judge Thursday to issue an ex parte appointment of a receiver over a Denver property, saying the borrower defaulted on a $170 million commercial mortgage loan.

  • September 04, 2026

    Bankrupt Hudson Hotel Co. Wants To Hire Project Manager

    The bankrupt company connected to the former Hudson Hotel in New York asked a Delaware bankruptcy court to approve its hiring of a development manager for its redevelopment project.

  • September 04, 2026

    SF Archdiocese Seeks Approval Of Ch. 11 Plan Disclosures

    The Archdiocese of San Francisco asked a California bankruptcy judge Thursday to approve its Chapter 11 plan disclosure statement and the form of ballots to be sent to voting creditors as the organization moves toward confirmation of a $395 million settlement with childhood sexual abuse victims.

  • September 04, 2026

    McKesson Owns Antitrust Claims, Not Rite Aid, Judge Finds

    A New Jersey bankruptcy judge has ruled that antitrust claims against pharmaceutical companies belong to drug distributor McKesson Corp., not the trustee overseeing Rite Aid's Chapter 11 distributions.

Expert Analysis

  • Tax Teams Get No Bright-Line Rule From AI Privilege Cases

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    Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis.

  • 3 Rulings Show How Creditors Make Civil RICO Claims Stick

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    An Arizona federal court's recent decision concerning UniCredit Bank Austria is one of few in which creditors' claims against debtors for Racketeer Influenced and Corrupt Organizations Act violations have survived motions to dismiss, and these claims' substantial benefits make the rulings worth analyzing for guidance, says Brian Asher at Asher Research.

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Nielsen Appeal Tests Antitrust Limits Of Pricing And Bundling

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    In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstream market power to foreclose downstream competition, which could potentially offer broad insight into how courts will assess exclusionary bundling and pricing defenses under antitrust law, says Luke Hasskamp at Bona Law.

  • Ch. 11 Ruling Raises Bar For Avoiding Default Interest

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    Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly harder to avoid paying contractual default interest to oversecured lenders under Section 506(b) of the Bankruptcy Code, say attorneys at Benesch.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • GCs Can Read Debt Cycles To Spot Risk, Opportunity

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    With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic environment, general counsel who understand credit risk and the debt cycle can offer a significant competitive advantage to help companies mitigate enterprise risk, says Samuel Keltner at Akin.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

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