Bankruptcy

  • August 18, 2026

    ​​​​​​​Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

  • August 18, 2026

    Petrochemical Co. Can Use $230M In Ch. 11 Funding

    A Texas bankruptcy judge on Tuesday agreed to allow Brazilian-Mexican petrochemical company Braskem Idesa SAPI to tap into $230 million of its new money debtor-in-possession funding as it prepares to collect votes on its Chapter 11 plan.

  • August 17, 2026

    Google To Pay $10M For Spirit Airlines Data To Help AI Models

    Technology giant Google LLC has won an auction for Spirit Airlines' emails, chats, spreadsheets and other data, offering $10 million for anonymized information it will use to improve its large language models and other products, according to a notice filed Friday in New York bankruptcy court.

  • August 17, 2026

    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 litigation with lenders tied to motivational speaker Tony Robbins.

  • August 17, 2026

    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 member of the debtor's special committee.

  • August 17, 2026

    Nussbaum-Linked Firms' Ch. 11s Tossed For Bad Faith

    A New York bankruptcy judge has dismissed the Chapter 11 cases of two commercial real estate law firms headed by Mark J. Nussbaum, finding their petitions were filed in bad faith and that the cases instead belonged in an assignment for the benefit of creditors process in New York state court.

  • August 17, 2026

    Rebel Creamery Hits Ch. 11 After $24M Loss To Van Leeuwen

    Ice cream company Rebel Creamery has filed for Chapter 11 protection in Utah bankruptcy court with about $24 million in debt, one month after losing a trademark lawsuit brought by rival Van Leeuwen.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

    The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

  • August 14, 2026

    NC County Sues Bankrupt Hospital Operator For $10M

    North Carolina's Martin County has sued CHS/Community Health Systems Inc. for $10 million in North Carolina federal court, alleging the company failed to honor its obligations to run Martin General Hospital after its affiliate filed for Chapter 7 in 2023.

  • August 14, 2026

    Cumulus Asks 2nd Circ. For Help With Nielsen Data Order

    Cumulus Media sought clarification Thursday from the Second Circuit on the timing of a district court order upheld last month barring Nielsen from conditioning access to national radio ratings data on buying Nielsen's local offerings, arguing that the ratings analytics company can't hold up obeying the injunction just because it's seeking reconsideration.

  • August 14, 2026

    Poolin Cleared To Pursue Asset Sale Amid Trustee Fight

    Cryptocurrency miner Poolin Technology can pursue a sale next month of its assets, a New Jersey bankruptcy judge said Friday, giving its stalking horse bidder time to also buy a neighboring property for an artificial intelligence data center in Texas.

  • August 14, 2026

    Disbarred Fla. Atty Blames Firm For Lost $40M Ch. 11 Claim

    A disbarred attorney has sued his former counsel for alleged malpractice in Florida state court, saying he lost money after his $40 million claim was left unsecured in a federal bankruptcy proceeding for his company.

  • August 14, 2026

    Rising Star: Paul Weiss' John Weber

    John Weber of Paul Weiss Rifkind Wharton & Garrison LLP advised global communications software firm Mitel's $1.3 billion restructuring and Roomba maker iRobot's prepackaged Chapter 11 restructuring, which equitized approximately $265 million in debt, earning him a spot among the bankruptcy law practitioners under 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    Holland & Knight Loses Bid To Escape GWG Fraud Suit

    Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.

  • August 13, 2026

    'Jump Must Litigate': 7th Circ. Clarifies Arb. Enforcement Rule

    The Seventh Circuit rejected trading firm Jump Trading LLC's bid to arbitrate a putative securities class action Thursday, finding that courts, not arbitrators, must decide whether disputes belong in arbitration when the parties haven't signed an arbitration agreement, furthering a circuit split and holding that "Jump must litigate."

  • August 13, 2026

    Spirit Execs Ax Investor Suit Over Pre-Ch. 11 Claims, For Now

    A Florida federal judge dismissed a lawsuit accusing Spirit Airlines' current and former top brass of misleading investors about the budget air carrier's prospects amid two bankruptcy filings, saying Thursday that the challenged statements are either corporate "puffery" or otherwise nonactionable, but the plaintiffs can rework their complaint.

  • August 13, 2026

    777 Partners Gets New DIP Offer After Contentious Hearing

    Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

  • August 13, 2026

    Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

    A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

  • August 13, 2026

    Israeli Company Must Face $30M Quinn Emanuel Fee Suit

    An Israeli company and its CEO must face Quinn Emanuel Urquhart & Sullivan LLP's suit seeking to collect payment of more than $30 million for legal work the firm performed to force the company to acquire the law firm's former client, a Massachusetts state court judge ruled.

  • August 13, 2026

    Lurin Judge Voices Doubts About Ch. 11 Plan

    A Texas bankruptcy judge Thursday declined to make a decision on the disclosure statement of an insolvent affiliate of real estate company Lurin LLC, saying he had doubts as to whether the debtor should proceed with a plan.

  • August 13, 2026

    Rising Star: Lowenstein Sandler's Colleen Restel

    Colleen M. Restel of Lowenstein Sandler LLP helped lead the charge of sex abuse claimants seeking redress in Catholic Church bankruptcies and represented creditors settling with TPI Composites Inc. in its Chapter 11, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 12, 2026

    9th Circ. Upholds Ex-ITT Students' $12M Loan Fraud Win

    The Ninth Circuit Wednesday affirmed a $12 million judgment to former students of bankrupt for-profit college ITT Education Services Inc., saying their RICO claims against student loan servicers weren't time-barred because evidence showed the students had no way of knowing they were being scammed more than four years before they filed suit.

  • August 12, 2026

    Trinseo Kicks Off Ch. 11 Trial As Creditors Feud Over LMEs

    Trinseo PLC and feuding creditor groups on Wednesday launched opening salvos at a hearing on the plastics maker's bid to trim about $2 billion in debt under a Chapter 11 plan, kicking off a trial in Texas bankruptcy court expected to span three days.

Expert Analysis

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • 8 Tariff Refund Questions For Restructuring Professionals

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    For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.

  • Using Liability Forecasts In Financial Reports Vs. Bankruptcy

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    Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial reports versus those used in bankruptcy litigation is crucial for attorneys seeking to leverage economic analysis to ask the right questions, and strengthen their compliance and courtroom strategies, says Jorge Gallardo-García at Bates White.

  • When 'Qualified Transferees' Can Chill UCC Foreclosures

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    A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

  • Opinion

    AI Doc Ruling Got Privilege Analysis Wrong

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    Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.

  • Assessing Potential Legal Claims From Private Credit Turmoil

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    Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

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