Bankruptcy

  • October 02, 2026

    Gov't Contractor Owner Guilty Of Hiding Assets In Bankruptcy

    A Delaware federal judge found the owner of a government contracting firm lied on bankruptcy forms to hide assets from creditors but cleared her on a related criminal charge of making false statements under oath.

  • October 02, 2026

    Fla. Firm Knew It Had To Secure Lender Notes, 11th Circ. Told

    A Puerto Rican microcap lender asked the Eleventh Circuit on Friday to overturn a trial verdict in favor of a law firm that the lender accused of botching several financial transactions, arguing jurors should've found that the firm committed malpractice by failing to secure the company's assets in bankruptcy proceedings.

  • October 02, 2026

    Roberts Wants Less Talk. Supreme Court Attorneys Disagree.

    Near the end of last term, Chief Justice John Roberts voiced his frustration with the U.S. Supreme Court's lengthening oral argument sessions and suggested the justices might tweak their format over the summer. But as the new term begins Monday, the court has yet to announce any changes, and advocates see little need for improvement.

  • October 02, 2026

    Parler Ex-CEO Wins $11M Over Ouster From Social Media Site

    A jury in Nevada found Friday that Parler co-founder John Matze is owed nearly $11.1 million, including $250,000 in punitive damages, for the stake he was stripped of after billionaire business partner Rebekah Mercer and others allegedly changed the social media company's constitution to get rid of him.

  • October 02, 2026

    5 Supreme Court Cases To Watch This Fall

    The U.S. Supreme Court will convene Monday to begin its 2026 October term, which includes several cases that could determine the future of climate change tort litigation, expand religious freedoms and parental rights, and grant states authority to require proof of citizenship when individuals register for presidential elections using state forms. 

  • October 02, 2026

    Moses Singer's 3 New Hires Include Trusts And Estates Lead

    Moses Singer LLP announced three additions to its ranks from prominent law firms, one of whom will chair its trusts and estates group.

  • October 01, 2026

    $16B Ruling Faces High Court Sovereign Immunity Challenge

    The U.S. Supreme Court is being asked to review an "egregiously wrong" Second Circuit decision that overturned a New York judge's $16 billion judgment against Argentina that arose from its nationalization of YPF SA, the country's largest oil and gas exploration company.

  • October 01, 2026

    Galindo Law Gets $7.5M Ch. 11 Deal To Pay Explosion Victims

    A Texas bankruptcy judge Thursday approved a $7.5 million settlement between mass tort firm Galindo Law Firm and the trust overseeing claims from victims of a chemical plant explosion.

  • October 01, 2026

    Ambiguous Bond Terms Net FDIC Win In SVB Coverage Fight

    Two insurers must provide coverage to the Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank, for the bank's claim for losses from a $73 million fraud scheme, a North Carolina federal judge ruled, finding ambiguity in bond contract language tipped the scales in the insured's favor.

  • October 01, 2026

    Brazilian Builder Seeks US Recognition For $555M Reorg

    Brazilian construction conglomerate Andrade Gutierrez Engenharia is asking a New York bankruptcy judge for U.S. recognition of a recently approved plan to restructure nearly $555 million in debt issued during its last restructuring four years ago.

  • October 01, 2026

    Kirkland Tapped To Replace HSF Kramer In Power Plant Ch. 11

    West Virginia coal plant Omnis Pleasants LLC has hired Kirkland & Ellis LLP in its contentious Delaware Chapter 11 after Herbert Smith Freehills Kramer LLP's previous work for key creditors disqualified it as debtors counsel.

  • October 01, 2026

    Trump Announces Judicial Noms For 5th Circ., NC

    President Donald Trump announced Thursday that he's nominating Todd Butler, a managing partner at Phelps Dunbar LLP, to serve as a judge on the Fifth Circuit. 

  • September 30, 2026

    Parler Ex-CEO Makes Final Trial Pitch For $100M Damages

    The former CEO of social media site Parler made his final argument Wednesday that he was wrongly stripped of a stake worth up to $100 million, with his lawyer telling a Nevada jury a valuation finding the entire company worth $10.81 was "bunk."

  • September 30, 2026

    23andMe Beats Calif.'s Bankruptcy Sale Privacy Challenge

    A Missouri federal judge on Tuesday denied California's bid to undo the $305 million bankruptcy sale of 23andMe over concerns that the sale sidestepped state consumer data protections, ruling that the state lacks standing to challenge the sale and that the court's "good-faith" findings aren't clearly erroneous.  

  • September 30, 2026

    Blank Rome Seeks Time To Exit LIV Golf's Fla. Office

    Blank Rome LLP on Wednesday filed a limited objection to LIV Golf's motion to reject its sublease at an office building in West Palm Beach, Florida, saying it didn't receive any advance notice and would like until the end of October to transition to a new office.

  • September 30, 2026

    Crypto Analysis Biz Escapes Most Claims In Fraud Row

    A New York federal judge has cut down the majority of claims that defunct cryptocurrency platform Celsius Network LLC's litigation agent brought against blockchain analysis company Chainalysis Inc., leaving one claim wholly intact while dismissing the others either permanently or contingently.

  • September 30, 2026

    Spirit Airlines' Settlement With Lufthansa Unit Gets OK

    A New York bankruptcy judge signed off Wednesday on a deal between Spirit Airlines and a unit of Lufthansa Group, ending disputes over aircraft parts, a Spirit-owned engine and a tariff payment made by the debtor.

  • September 30, 2026

    Cigna, Fla. Atty Resolve $21M Claim In Ch. 7 Case

    A Florida federal bankruptcy judge on Wednesday approved a settlement between a lawyer and Cigna in a Chapter 7 lawsuit, resolving a $21 million claim the health insurer once disputed as nondischargeable for only a fraction of the amount. 

  • September 30, 2026

    National Pool Supply Co. Hits Ch. 11 With $685M Debt Deal

    Pool supplier Leslie's Inc. filed for Chapter 11 protection in Texas bankruptcy court Wednesday, saying it has the agreement of the majority of its lenders on a $685 million debt-for-equity restructuring plan.

  • September 29, 2026

    DOJ Says Trump Name Is Key To Kennedy Center Survival

    The U.S. Department of Justice told the D.C. Circuit the Kennedy Center's donors will flee if his name isn't put back on the building, arguing in its opening brief to the appeals court that the institution faces "financial ruin" without "appropriate recognition" for Trump.

  • September 29, 2026

    Tommy's Boats Owner Says Atty Error Led To $65M Judgment

    The owner of defunct boat and water sports dealer Tommy's Boats sued the company's former attorneys from Miller Johnson Snell & Cummiskey in Michigan state court, accusing them of failing to ensure its supplier would buy back unsold inventory in the event of a loan default, an alleged oversight that left the owner personally liable for $65 million.

  • September 29, 2026

    Brightline Can Tap $190M In Ch. 11 Financing, Judge Says

    Entities that own high-speed rail network Brightline Florida received a New Jersey bankruptcy judge's permission Tuesday to obtain interim access to $190 million of Chapter 11 financing in an unconventional loan package involving a nondebtor that runs the railroad.

  • September 29, 2026

    Dish DBS Gets OK To Cut $4.75B In Debt Under Ch. 11 Plan

    Pay-TV provider Dish DBS Corp. secured a Texas bankruptcy judge's approval Tuesday to eliminate $4.75 billion of its debt under the company's Chapter 11 plan, letting the EchoStar unit complete a deal ending long-running litigation with a majority of creditors holding almost $10 billion in debt.

  • September 29, 2026

    Ambipar Wins US Recognition Of Brazilian Reorg

    A Texas bankruptcy judge has granted U.S. recognition of Ambipar Group's more than $1 billion Brazilian restructuring proceeding, suspending a related Chapter 11 case and overruling objections from creditors.

  • September 29, 2026

    Senate Passes Bankruptcy Bill Restoring Higher Debt Limits

    The U.S. Senate passed a House-approved bill that would bring back and make permanent higher debt limits for small businesses and individuals accessing streamlined restructuring processes.

Expert Analysis

  • Why The 2nd Circ. Upheld Beneficial Ownership Blockers

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    The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial ownership below 10% and automatically voids any transaction that would breach the cap — shields the investor from Section 16(b) liability, demonstrating that blockers have teeth, say attorneys at Sheppard.

  • Series

    Judges On AI: Examining Administrative, Organizational Uses

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    U.S. District Judge Alan Albright of the Western District of Texas examines how artificial intelligence could transform a court's ability to deal with administrative work and organize materials when preparing for hearings or drafting opinions, thereby affording judges more time to resolve contested issues.

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • $400M Serta Ruling Offers Warning On Uptier Deal Risks

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    A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and awarded $400 million to the minority lenders, demonstrates why deal counsel negotiating similar agreements should clearly define exceptions and lien subordination, while litigators should lean on express terms, says Jamie Aycock at Yetter Coleman.

  • Yellow Corp. WARN Act Appeal Refines Layoff Guidance

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    A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustment and Retraining Notification Act claims against Yellow underscores that fact-specific notices and thoughtful timing are essential for distressed companies implementing layoffs, say attorneys at King & Spalding.

  • Carbon Health Settlement Highlights Why Evidence Is Key

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    The California Attorney General's Office's first-of-its-kind settlement with Carbon Health, imposing penalties for alleged corporate practice of medicine violations, shows that friendly professional corporation challenges usually hinge not on the parties' management services agreement, but on whether the operational record matches it, says Ben Dubin at VC Expert Services.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • What PE Practitioners Need To Know About New Del. ABC Act

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    Delaware's new Assignment for the Benefit of Creditors statute represents a structural shift in how companies backed by private equity can be wound down and provides a more streamlined tool for managing sponsor liability without the public visibility of a bankruptcy proceeding, says Evelyn Meltzer at Troutman Pepper.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • How State, Local Rules Are Expanding Debt Collection Reach

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    Consumer protection rules recently enacted by several states signal that the rules of debt collection are being rewritten at a pace that should command the attention of every creditor, servicer, debt buyer, collection agency and collection law firm operating across state lines, says Weldianne Scales at Reed Smith.

  • How Ch. 11 Debtors Can Stop MCA Receivables Raids

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    Approximately 42 merchant cash advance lenders are involved in the recently filed Chapter 11 bankruptcy of SIMAD Holdings, illustrating that debtors-in-possession must work with committees to preserve the receivable stream before litigating priority, says attorney Kenneth Rosen.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

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