Bankruptcy

  • 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.

  • August 12, 2026

    Guo Daughter Asks Justices To Hear $60M Yacht, Escrow Row

    Exiled Chinese businessman Miles Guo's daughter has asked the U.S. Supreme Court to review decisions transferring a yacht that sold for $23 million plus a $37 million escrow fund to her father's Connecticut Chapter 11 estate, saying a Second Circuit ruling conflicts with decisions in several other circuits.

  • August 12, 2026

    Pittsburgh's Oldest Brewery Ends Ch. 11 As Sale Looms

    A Pennsylvania bankruptcy judge on Wednesday agreed to end a Chapter 11 case filed by Pittsburgh's purported oldest brewery, which claims there's no possibility of continued operation under its current ownership but that there is a property buyer on the horizon.

  • August 12, 2026

    BakerHostetler Faces Possible RICO Claim From Ex-Client

    A trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice has asked a Georgia federal court to allow him to accuse the former de facto general counsel and business adviser of a nonprofit of violating the Georgia RICO Act.

  • August 12, 2026

    Rising Star: Cleary's Thomas Kessler

    Thomas Kessler of Cleary Gottlieb Steen & Hamilton LLP guided airline Azul's Chapter 11 plan as counsel to the ad hoc secured creditor group that sponsored the plan, as well as helped crypto company Genesis repay customers in kind with cryptocurrency to generate $4 billion in creditor recoveries, earning him a spot among the bankruptcy practitioners under age 40 honored by Law360 as Rising Stars.

  • August 12, 2026

    Utility Project Co. Tetrad Enterprises Hits Ch. 11 In Puerto Rico

    Tetrad Enterprises LLC, a project development company focused on large-scale utility and infrastructure projects, filed for Chapter 11 bankruptcy protection in Puerto Rico for the second time since last year, amid litigation with creditors and disputes over its flood control pump contracts.

  • August 11, 2026

    Sidley Can Advise Genesis In Ch. 11 Suits, Judge Says

    A Texas bankruptcy judge ruled Tuesday that Sidley Austin LLP is eligible to act as counsel for nursing home company Genesis Healthcare in adversary lawsuits linked to its Chapter 11, finding Sidley could represent the debtor's special restructuring committee despite the work one of its lawyers did for another company at a different law firm.

  • August 11, 2026

    SEC, CFTC Sue Goliath Over $400M Crypto Ponzi Scheme

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.

  • August 11, 2026

    Cumulus Can't Yet Enforce Tying Injunction Against Nielsen

    The Second Circuit may have upheld a preliminary injunction blocking Nielsen from making Cumulus Media buy its local offerings to gain access to its national radio ratings data, but a New York federal judge says that injunction can't be enforced until the circuit court decides whether it will rehear the case en banc.

  • August 11, 2026

    Del. Chancery Keeps Power Plant Duty Claims Alive

    The Delaware Chancery Court on Tuesday largely refused to dismiss the remaining claims in a lawsuit accusing Strategic Value Partners LLC and GenOn Holdings Inc. of engineering the transfer of a Pennsylvania power plant opportunity away from insolvent Heritage Power companies and their creditors.

  • August 11, 2026

    NY Archdiocese Renews Call For Chubb Punitive Damages

    The Archdiocese of New York is taking a second bite at the apple in state appeals court with a request for punitive damages against Chubb, alleging the insurer ran a "shadow campaign" against the archdiocese even as it was defending the church against a slew of sex abuse lawsuits.

  • August 11, 2026

    Rising Star: Weil's Clifford Carlson

    Clifford Carlson of Weil Gotshal & Manges LLP has been on the front lines of some of the most complex Chapter 11 cases filed in Houston's bankruptcy court in recent years as debtor's counsel to multistate hospital group Steward Health and car parts giant First Brand, earning him a spot among bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 10, 2026

    Opioid Victims Say Firm Kept Too Much Of Purdue Payouts

    A Baltimore woman is accusing a California-based attorney and her firm of illegally withholding thousands of dollars from opioid victims' Purdue Pharma settlement payments in a new class action filed Sunday in Maryland federal court.

  • August 10, 2026

    Complex Summer Camp Sales Win Bankruptcy Court Approval

    A New Jersey bankruptcy judge Monday approved sales of more than two dozen U.S. summer camps, capping an intense, complicated and emotionally charged process that lawyers said saved the camps from closing this year while generating nearly $448.8 million to repay creditors.

  • August 10, 2026

    H.I.G. Can't Block Calif. Suit Over $17.5M Health Deal

    The Delaware Chancery Court on Monday refused to block two former behavioral health facility owners from pursuing a California securities fraud suit against private equity firm H.I.G. Capital LLC and its affiliates, finding the companies had not shown the dispute must be litigated in Delaware.

  • August 10, 2026

    Bitcoin Depot Wins Approval Of Plan With Release Limits

    Cryptocurrency kiosk operator Bitcoin Depot received confirmation Monday of its Chapter 11 liquidation plan, after a Texas bankruptcy judge narrowed third-party releases in the plan to cover only conduct that followed the debtor's bankruptcy filing.

  • August 10, 2026

    Rising Star: HSF Kramer's Megan Wasson

    Megan Wasson of Herbert Smith Freehills Kramer LLP helped Del Monte secure more than $500 million in asset sales in its contentious Chapter 11 and advised the state of Connecticut in the Prospect Medical case, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 10, 2026

    Investment Firm 777 Partners Hits Ch. 11 To Handle $2B+ Debt

    Investment firms 777 Partners and 600 Partners, as well as entities tied to them, filed for bankruptcy protection in Texas with over $2 billion of debt, saying a creditor's involuntary Chapter 7 petition expedited its Chapter 11 plans amid a yearslong wind-down process.

  • August 07, 2026

    Salad Chain Plans Ch. 11 Sale Of Drive-Thru Leases

    Salad and Go expects to pay its creditors in full with proceeds from a proposed $105 million private sale of most of its drive-thru location leases to coffee chain Dutch Bros., attorneys for the fast-casual restaurant told a Texas bankruptcy judge on Friday.

  • August 07, 2026

    Grid Operator Objects To American Efficient's Ch. 11 Loan

    Grid operator PJM Interconnection LLC has challenged North Carolina-based energy efficiency aggregator American Efficient's request for $11.5 million of debtor-in-possession financing, alleging the debtor is not operating and that current regulations make its business impossible to operate.

  • August 07, 2026

    First Brands, Objectors Trade Final Arguments On Ch. 11 Plan

    Auto parts maker First Brands Group told a Texas bankruptcy judge Friday its Chapter 11 plan is reasonable and offers creditors the best chance of recovering on billions of dollars worth of claims, defending the deal against a spate of objections during closing arguments in a trial on plan confirmation.

  • August 07, 2026

    Camp Mystic Seeks Stay For Suits Against Owners In Ch. 11

    Texas summer camp operator Camp Mystic LLC is seeking to extend its Chapter 11 protection to managers and directors of the camp at the time of deadly floods in 2025, contending the charges against the individuals are inextricably tied to those against the debtor.

Expert Analysis

  • 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.

  • Opinion

    Congress Must Resolve Growing Subchapter V Uncertainty

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    Congress must pass a bill to permanently restore the Subchapter V debt limit and clarify several other key points of the law to prevent a practical restructuring tool from becoming a costly procedural morass, says Ted Gavin at Gavin Solmonese.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

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    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • A Framework For Volume Dispute Damages In Oil, Gas M&A

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    With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment disputes, experts testifying in such litigation must use a five-step framework for calculating lost profits that accounts for the option structure embedded in the contract, says Robert Foss at Hinds Feat Advisors.

  • Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

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    An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

  • Opinion

    State Courts Must Be Gatekeepers Of Expert Testimony

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    Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

  • Series

    Moshing Makes Me A Better Lawyer

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    Entering a mosh pit is much like entering the practice of law — it is difficult, you have to know both the written and unwritten rules, and conduct yourself according to the expectations of each community, says Christopher Deubert at Constangy Brooks.

  • Why Highly Specialized Experts May Risk Exclusion At Trial

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    Expert witnesses with highly specific areas of focus may be vulnerable to exclusion in court, making it important for attorneys to check how potential witnesses' qualifications can be bolstered by their publications and other professional activities, say Evan Weisberg and Christopher Cunio at Hunton, and Kevin Cahill at FTI Consulting.

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