Bankruptcy

  • 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.

  • August 07, 2026

    Bank Seeks Ch. 11 Interest In Inspired Healthcare Bankruptcy

    Pinnacle Bank has asked a Texas bankruptcy judge to allow claims for at least $1.6 million in post-petition interest and fees in Inspired Healthcare Capital Holdings LLC's bankruptcy, saying its loans are oversecured based on stalking horse offers for the senior living facility investor's properties.

  • August 07, 2026

    Lender Asks To Block NYC Development's Counsel Bid

    A lender to a bankrupt 900-unit housing development in New York City has urged a bankruptcy judge to deny the debtor permission to hire Goldberg Weprin Finkel Goldstein LLP, saying the firm's retainer was paid by the company slated to take control of the property.

  • August 07, 2026

    Real Estate Co. Gets Cash Use OK Amid $119M Credit Bid

    A Lurin real estate entity secured a Texas bankruptcy court's permission Friday to use cash collateral from a lender that is planning to make a $118.6 million stalking horse credit bid on a St. Petersburg, Florida, property.

  • August 06, 2026

    Judge Tosses Nuclear Power Wage-Fixing Case, For Now

    A Maryland federal court tossed a proposed class action accusing nuclear energy producers including Constellation Energy, DTE Energy and Duke Energy of fixing wages, after finding the claims came too late.

  • August 06, 2026

    KPMG Must Face Beefed Up Investor Suit Over SVB Failure

    A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2023 failure, saying they sufficiently alleged KPMG ignored red flags as SVB's auditor.

  • August 06, 2026

    Survivors Sue Vermont Catholic Parishes For $405M In Assets

    The official committee of unsecured creditors for the Roman Catholic Diocese of Burlington, Vermont, has brought a lawsuit against the diocese and the parishes and schools that fall under its authority, arguing the institutions' trusts can, and should, be used to compensate survivors of sexual abuse and alleging the trusts hold around $405 million of estate assets.

  • August 06, 2026

    2nd Circ. Says Pillsbury Must Surrender $3.6M Retainer

    Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a ruling that the funds were part of an asset freeze order issued in a U.S. Securities and Exchange Commission case.

  • August 06, 2026

    No Simpson Thacher Malpractice In PIPE Case, Jury Finds

    Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

  • August 06, 2026

    Camp Mystic Accused Of 'Forum Shopping' With Flooding Suit

    The parents of a child swept away by floodwaters at Camp Mystic last year are asking a Texas federal court to send their wrongful death suit against it back to state court, saying the camp is "forum shopping" and attempting to "restart" the litigation.

  • August 06, 2026

    Suit Against Ex-Lumio Execs Will Stay In Delaware

    A Delaware bankruptcy judge Thursday denied a request by former executives of solar panel provider Lumio Holdings to transfer a suit against them by the company's liquidating trustee to a Utah court.

  • August 05, 2026

    Bang Energy's Ex-CEO Gets Loan Approval To Fund Defense

    A Florida bankruptcy judge approved a loan Wednesday for a company managed by Bang Energy founder Jack Owoc to allow him to fund his defense in litigation filed by the trustee overseeing the energy drinks manufacturer's bankrupt estate.

  • August 05, 2026

    Dish Seeks Early Note Payoff To Cut $11M In Monthly Interest

    Certain debtors in the Chapter 11 case of Dish DBS Corp. have asked for a Texas bankruptcy court's permission to pay off $2.75 billion of notes with the proceeds of a $23 billion spectrum sale to AT&T, saying they would save about $11 million per month in interest.

  • August 05, 2026

    Bath Product-Maker Vi-Jon Gets Interim Cash Use OK In Ch.11

    A Delaware bankruptcy judge on Wednesday granted private-label dry bath product-maker Vi-Jon LLC a range of first-day motions, including a cash management request, allowing the company to continue operating during its Chapter 11 case.

  • August 05, 2026

    Simpson Thacher Witness Takes Aim At PIPE Stocks Claim

    Simpson Thacher & Bartlett LLP wrapped up its defense Wednesday to a Florida state malpractice suit from the founder of Patriot National Inc. over the firm's handling of a private investment in public equity transaction, with a stock market expert testifying that short selling stock allowed under the deal didn't lead to the insurance services company's downfall.

  • August 05, 2026

    NY Judge Chucks Voyager's Ch. 11 Plan Exculpations

    A New York federal judge threw out an exculpatory provision in former cryptocurrency exchange Voyager's Chapter 11, saying that while the language wasn't precluded by a U.S. Supreme Court case, it was nonetheless invalid.

  • August 05, 2026

    Investors Say Transportation Biz HGIM Ignored Books Demand

    Three investment funds affiliated with Black Diamond Capital Management have sued HGIM Corp. in Delaware's Court of Chancery, accusing the marine transportation company of stonewalling their request to inspect corporate records tied to CEO Shane J. Guidry's push for majority control of the company.

  • August 05, 2026

    Cyclospora Outbreak Sends Struggling Salad Chain To Ch. 11

    The operators of the restaurant chain Salad and Go have filed for Chapter 11 protection in a Texas bankruptcy court with more than $500 million in liabilities, saying the business will be winding down after years of losses were accelerated by the cyclospora outbreak that has sickened thousands of people throughout the country.

Expert Analysis

  • 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.

  • Drawing A Line Between Settlement Pressure And Extortion

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    U.S. v. Luo, pending in the U.S. District Court for the Southern District of New York, may force courts to address anew when settlement negotiations become criminal extortion, particularly in the age of easily fabricated digital evidence, says attorney Denis Kiely.

  • A Lender's Guide To Fraud: Identifying Risks

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    The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, but recent bankruptcies demonstrate where fraud risks most commonly materialize and how banks can mitigate exposure at the outset, say attorneys at Moore & Van Allen.

  • Series

    Founding An Autism Academy Made Me A Better Lawyer

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    Starting a nonprofit autism school with no building, no funding model and no guarantee that families would trust us taught me the importance of mission, patience and purpose — lessons that sharpened my practice and showed how meaningful work outside the office can make lawyers better, says Phillip Russell at Ogletree Deakins.

  • Brightline Debt Woes Highlight Risks In Private Rail Finance

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    The reported creditor negotiations and mounting debt obligations of Florida railroad Brightline arrive at a moment when the assumptions underlying a decade of privately financed infrastructure investment are under pressure across multiple asset classes, says Robert Charbonneau at Agentis.

  • Opinion

    Rule Of Law Requires Gov't Engagement With Bar, Not Retreat

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    A federal agency's absence from national and local bar conferences, most recently illustrated by the U.S. Department of Justice's withdrawal from a New York City Bar Association white collar conference, disserves the bar, the government lawyers themselves and, ultimately, the administration of justice, says Muhammad Faridi at Linklaters.

  • The Paradoxical Duty To Adopt AI When You Can't Bill For It

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    Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' ethics rules catch up to this emerging economic dilemma, firms must decide how to adjust fee structures themselves, says Ines Lassalle at Peyrot & Associates.

  • UCC Digital Asset Update Is Altering Lender, Obligor Diligence

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    The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing lenders and obligors to rethink diligence, control, custody, monitoring and contract terms, as well as collateral practices and financing structures, as jurisdictions continue to adopt the amendments, say attorneys at Lowenstein Sandler.

  • How Federal PFAS Bill Would Expand Liability For Companies

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    Recently proposed federal legislation governing per- and polyfluoroalkyl substances would not only phase out nonessential uses of PFAS and prohibit detectable environmental releases, but would also expand liability in ways that will matter to companies with current or historical PFAS exposure, says Ayodeji Ayolola at Gordon Rees.

  • Ch. 15 Ruling Is A Restructuring Blueprint For Cannabis Cos.

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    The recent Cannabist Chapter 15 recognition order is arguably the most significant cannabis bankruptcy development in U.S. history, providing a concrete and tested road map by which such companies with foreign parent structures can access the protective machinery of U.S. bankruptcy law, say attorneys at Saul Ewing.

  • Unsecured Synthetic Royalties May Be Returning

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    Recent royalty monetization deals mark a notable shift in a market that had largely moved away from unsecured synthetic royalty structures after a multiyear freeze triggered by the Mallinckrodt bankruptcy decision in 2022, which exposed a legal risk inherent to the structure, says Peter Schwartz at Covington.

  • Series

    Cow Horse Makes Me A Better Lawyer

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    Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

  • Checking For AI Errors Is Now A Two-Way Street

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    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • Series

    The Biz Court Digest: Shoring Up Corporate Law In Maryland

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    Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

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