Bankruptcy

  • May 26, 2026

    Calif. Cannabis Grower Files Ch. 7 Petition

    A cannabis growing business in California's Monterey County has launched a Chapter 7 case with between $10 million and $50 million of debt, less than six years after it abandoned an earlier bankruptcy.

  • May 26, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a broad mix of cross-border corporate control disputes, merger settlements, startup equity fights, advancement claims and board oversight litigation, while also weighing fallout from high-profile deals involving Microsoft Corp., The Boeing Co. and Nikola Corp.

  • May 26, 2026

    NJ Warehouse-To-Luxury Loft Developer Hits Ch. 11

    The developer of a 120-unit residential complex in New Jersey known as The Cliffs has filed for Chapter 11 relief to prevent a forfeiture of its equity interests in the development.

  • May 26, 2026

    Fenwick Reaches $54M Deal To Exit FTX Litigation

    Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform.

  • May 26, 2026

    Beasley Allen Fails To Overturn J&J Talc Disqualification

    A New Jersey federal judge affirmed the Beasley Allen Law Firm's disqualification from multidistrict litigation over Johnson & Johnson's talcum powder on Tuesday, determining that the firm has failed to provide a valid reason to back its attempt at a stay and temporary reinstatement into the matter.

  • May 26, 2026

    Plastics Co. Trinseo Hits Ch. 11 To Trim $2B In Debt

    Plastic manufacturer Trinseo on Tuesday filed for Chapter 11 protection in Texas, touting a prearranged plan to wipe $2 billion of its $2.9 billion secured debt.

  • May 22, 2026

    Law360 Reveals Titans Of The Plaintiffs Bar

    This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026.

  • May 22, 2026

    Attys Hijacked 1,000 Storm Cases In 'Shakedown,' Suit Says

    Two Louisiana law firms and a group of politically connected attorneys engaged in a "shakedown" to steal about 1,000 cases filed by hurricane survivors who had hired and built cases with a different firm, alleged a RICO suit filed Thursday in Houston federal court.

  • May 22, 2026

    Trustee Can Depose Jailed Tycoon Guo Before Ch. 11 Trials

    A Connecticut bankruptcy judge has allowed a Chapter 11 trustee to depose convicted and incarcerated securities fraudster Miles Guo ahead of several upcoming adversary proceeding trials in the Chinese exile's bankruptcy case.

  • May 22, 2026

    Texas Bank Says It's Not Liable In $100M Fraud Scheme

    A Texas bank told a Florida bankruptcy court Friday it must toss a Chapter 11 trustee's adversary complaint accusing it of complicity in a $100 million theft of funds from a special needs nonprofit, arguing that it can't be held liable for the nonprofit's own wrongdoing. 

  • May 22, 2026

    Conn. Mall The SoNo Collection Hit With Foreclosure Suit

    Norwalk, Connecticut-based shopping mall The SoNo Collection, which is part of national retail real estate giant GGP, is facing state foreclosure and receiver proceedings after defaulting on a $245 million loan.

  • May 21, 2026

    Colo. Appeals Court Says Bank Can't Reach Trust Assets

    A panel for the Colorado Court of Appeals ruled that the Bank of Colorado does not have preferential treatment to a man's portion of his mother's trust fund, and that the lower court was wrong to find that claim preclusion applied because of a stay order in a bankruptcy case.

  • May 21, 2026

    Calif. Resort Developer Gets OK For Ch. 11 Plan After Deal

    A Delaware bankruptcy judge Thursday approved SilverRock Development's Chapter 11 plan after hearing the California property developer had reached a global agreement resolving objections to the sale of its land and the distribution of the proceeds.

  • May 21, 2026

    DC Circ. Seeks Trump Admin Input On $5B Award Case

    The D.C. Circuit on Thursday sought the views of the Trump administration on a crucial component of Russia's sovereign immunity defense as the appeals court weighs jurisdiction in litigation to enforce a nearly $5 billion arbitral award against the Kremlin, which was issued to Yukos Oil Co.'s financing arm.

  • May 21, 2026

    Wind Blade Maker TPI Gets OK For Affiliates' Chapter 11 Plan

    A Texas bankruptcy judge Thursday approved the Chapter 11 plan of two affiliates of TPI Composites, allowing an equity sale of the entities and incorporating a settlement between the wind blade manufacturer's secured lender and creditors committee.

  • 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.

Expert Analysis

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • How Bankruptcy Law Caps Landlords' Rejected Lease Claims

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    With corporate bankruptcy filings for the first half of the year at a 15-year high, landlords should be prepared for commercial tenants to use the bankruptcy process to reject unwanted leases in order to lessen corporate footprints and improve liquidity, say attorneys at Mintz.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

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    While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Series

    Quilting Makes Me A Better Lawyer

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    Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

  • 5 Critical Changes Coming To Bankruptcy Rule 3002.1

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    Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • State AGs Are Turning Up The Antitrust Heat On ESG Actions

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    Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis.

  • Rebuttal

    BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

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