Bankruptcy

  • May 21, 2026

    Industrial Services Co. Warrior Technologies Hits Ch. 11

    Warrior Technologies, a company that provides oilfield and trucking services, filed for Chapter 11 protection in Texas bankruptcy court on Thursday with about $38 million in secured debt, blaming its distress on a rise in fuel and insurance costs.

  • May 21, 2026

    Tariff Refund Claim Sale Approved In Retailer's Ch. 11

    Furniture retailer American Signature Inc. has secured a Delaware bankruptcy judge's approval for the $7.2 million sale of its federal tariff refund claims, covering about 77% of tariffs it paid that were struck down by the U.S. Supreme Court.

  • May 20, 2026

    Ex-DZS Telecom Execs Settle Investor Suit For $2.9M

    Two former executives of bankrupt telecommunications company DZS Inc. have reached a $2.9 million deal to resolve proposed class action claims the company concealed "egregious accounting misconduct," hurting investors after revelations about its accounting practices tanked its share price.

  • May 20, 2026

    BlockFills Says Examiner Unnecessary In Its Ch. 11

    Cryptocurrency platform BlockFills has asked a Delaware bankruptcy judge not to appoint an examiner and Chapter 11 trustee in its case, arguing the private equity firm that requested the examiner did not raise any significant enough issue in the proceeding.

  • May 20, 2026

    Fla. Judge OKs Staff Bonuses In Popeyes Franchisee Ch. 11

    A Florida federal bankruptcy judge approved performance-based bonuses to a group of workers of a Popeyes Louisiana Kitchen franchise operator, saying the program is key to maximizing the value of the debtor ahead of a Chapter 11 sale.

  • May 20, 2026

    US Trustee Says QVC Ch. 11 Releases Run Afoul Of Law

    The U.S. Trustee's Office asked a Texas bankruptcy judge to withhold approval of home shopping company QVC's Chapter 11 plan, saying its method for establishing creditor buy-in for releases is inappropriate.

  • May 20, 2026

    Modivcare To Have Evidence Hearing On Firm's Contempt Bid

    A Texas bankruptcy judge said Wednesday he would call an evidentiary hearing on White & Case's motion to hold Modivcare in contempt connected to a Chapter 11 fee dispute, after the firm accused the reorganized medical transportation group of taking $3.5 million of what should have been escrowed funds out of an account.

  • May 19, 2026

    Fla. Court Urged To Keep Stay On $15M VPN Piracy Judgment

    A man who found himself on the wrong side of a more than $15 million default judgment for pirating movies through his virtual private network provider and then filed for bankruptcy urged a Florida federal court to continue its stay on enforcing the judgment.

  • May 19, 2026

    Premiums To Struggling Insurer Are 'Debts,' Conn. Panel Told

    PHL Variable Insurance Co. life insurance policyholders on Tuesday accused Connecticut's interim insurance commissioner of bankrolling the struggling insurer's rehabilitation by receiving millions without guaranteeing at least some payout, urging a state appeals court to reverse a trial judge's conclusion that premiums are not "debts."

  • May 19, 2026

    States Sue Over Student Loan Limits On Professional Degrees

    A coalition of 24 attorneys general and two governors are challenging a rule recently promulgated by the U.S. Department of Education, alleging in a complaint in Maryland federal court Tuesday that it unlawfully limits access to federal student loans for those pursuing professional degree programs.

  • May 19, 2026

    Bitcoin ATM Co. Says Compliance Measures Sent It To Ch. 11

    Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent the company into Chapter 11.

  • May 19, 2026

    Food52 Confirms Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Tuesday agreed to confirm the Chapter 11 liquidation plan for e-commerce group Food52, trimming a few features of the plan including releases for the debtor and the creditors committee.

  • May 19, 2026

    West Marine To Get Interim Cash Use OK In Ch. 11

    A Delaware bankruptcy judge on Tuesday said she would grant boating supply business West Marine Inc. a range of first day relief on an interim basis as it gets underway in its voyage through Chapter 11, including permission to use its cash collateral and to pay employees and vendors.

  • May 18, 2026

    Nikola Founder Accused Of Dodging $2.5M Settlement Share

    Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merger, the bankrupt electric vehicle company's trustee claims, asking the Delaware Chancery Court to hold the billionaire in contempt.

  • May 18, 2026

    Freight Co. Gets Ch. 11 Plan OK After Settling Debt Deal Suit

    Freight services company STG on Monday secured a New Jersey bankruptcy judge's approval of a Chapter 11 plan that will let the debtor cut more than $1 billion in liabilities, weeks after STG resolved major litigation launched by its lenders.

  • May 18, 2026

    Return's Fraud Voids Assessment Deadline, IRS Tells Justices

    The IRS can slap a tax assessment against a taxpayer without time constraints when a return is fraudulent, even if a third-party preparer was the scammer, the agency told the U.S. Supreme Court in opposing a woman's petition for relief from what she alleges was her accountant's deception.

  • May 18, 2026

    Dechert Brings On Another McDermott Attorney In Dallas

    Dechert LLP announced Monday that it has added another attorney from McDermott Will & Schulte to its Dallas office, this time bringing on an attorney who will bolster its capacity to handle transactional matters.

  • May 18, 2026

    Del Monte Ch. 11 Wind-Down Plan OK'd Over Lender Objection

    Del Monte Foods received confirmation of its Chapter 11 wind-down plan on Monday after a New Jersey bankruptcy judge overruled an objection from a group of minority lenders.

  • May 18, 2026

    Bitcoin Depot Hits Ch. 11, Blaming Crypto Crackdown

    Bitcoin Depot, a nationwide operator of bitcoin automatic teller machines, filed for Chapter 11 protection in a Texas bankruptcy court with nearly $27 million in debt and plans to wind down and sell its assets, blaming increasingly stringent regulation and enforcement.

  • May 18, 2026

    Boating Retailer West Marine Files Ch. 11 To Stay Afloat

    Boating supply retailer West Marine commenced a Chapter 11 case in Delaware to deal with almost $550 million in debt after reaching a deal on a restructuring support agreement with lenders and equity holders.

  • May 15, 2026

    Judge Says Jones Can't Appeal Infowars Bankruptcy Order

    A Texas federal judge on Friday dismissed Alex Jones' appeal over whether Infowars operator Free Speech Systems LLC's assets are part of his Chapter 7 estate, a move that continues to allow the families of victims of the Sandy Hook Elementary School shooting to pursue assets through state-court collection efforts that would help satisfy judgments exceeding $1 billion.

  • May 15, 2026

    DC Circ. Hears Russia's Bid To Block $5B Yukos Award

    The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a nearly $5 billion arbitral award against the country, Russia told the D.C. Circuit Friday.

  • May 15, 2026

    Alex Jones Can 'Freely Compete' With Infowars, Court Told

    The operator of Infowars says bankrupt broadcaster Alex Jones has a legal right to "freely compete" with his former outlet, telling a Texas appeals court the website shut down because a court-appointed receiver failed to pay a third-party streaming service, not because Jones absconded with its property.

  • May 15, 2026

    Nursing Home Ch. 11 Trustee Sues Ex-Execs Over Lost Funds

    The trustee for a group of bankrupt Western Pennsylvania nursing homes says four former Comprehensive Healthcare Management Services executives improperly drained the companies of assets that should have been available to creditors, and asked a federal bankruptcy court to claw some of the money back.

  • May 15, 2026

    MMA Law To Shutter Under Ch. 11 Liquidation Plan

    Houston firm MMA Law has filed a Chapter 11 liquidation plan in Texas bankruptcy court, saying it plans to shut down its business and appoint an administrator to prosecute claims against multiple law firms.

Expert Analysis

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

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