Bankruptcy

  • May 07, 2026

    DEMAR Seeks Ch. 15 Protection Amid Pemex Financial Woes

    Mexico-based marine oil rig service company DEMAR Instaladora y Constructora SA de CV has asked a Texas bankruptcy court to recognize its Mexican bankruptcy proceeding, saying that it spiraled financially after Mexico's state-owned oil company Pemex hit its own financial crisis.

  • May 07, 2026

    Ex-Jackson Walker Atty Seeks Breakup With Romance Suit

    A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "mass corruption" in Houston's bankruptcy court.

  • May 06, 2026

    Celsius Exec's Help Was Key, Feds Say Before Sentencing

    Manhattan federal prosecutors said sentencing for the former chief revenue officer of the defunct cryptocurrency firm Celsius Network should reflect that the executive provided "substantial assistance" to the government as it pursued the conviction of Celsius' former CEO, who eventually pled guilty to misrepresentation and market manipulation charges.

  • May 06, 2026

    Texas Panel Weighs Highland Sanctions After $1B Judgment

    A Texas appeals court on Wednesday pressed counsel for several former Highland Capital Management LLP executives to explain why they should get out of a contempt finding, asking what to do with an order compelling each of the executives to pay $500 in sanctions.

  • May 06, 2026

    Prospect Medical Captive Insurer Files Ch. 15 In Texas

    Connecticut Healthcare Insurance Company, a Cayman Islands insurance company indirectly owned by Prospect Medical Holdings, has filed a Chapter 15 petition in Texas bankruptcy court seeking recognition of its Cayman winding-up proceedings that involve a $26 million payment to Prospect.

  • May 06, 2026

    First Brands Lender Slams Creditors' 'Baseless' Investigation

    First Brands Group lender Aequum Capital has urged a Texas bankruptcy judge to reject unsecured creditors' bid to extend a deadline for their investigation into liens that Aequum asserted, saying the creditors are pursuing a "baseless fishing expedition."

  • May 06, 2026

    Amber Denies Violating Confidentiality Order In Citgo Feud

    An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed company secrets in an op-ed last month, telling a Delaware federal court it has every interest in ensuring the company's success.

  • May 06, 2026

    Police Union Group Gets Ch. 11 OK To Pursue Fla. Appeal

    The International Union of Police Associations AFL-CIO received approval Wednesday in Florida bankruptcy court to modify the automatic stay in its Chapter 11 case to pursue its appeal of an adverse state court judgment in a sexual harassment case that drove it into bankruptcy last month.

  • May 06, 2026

    Asbestos Trusts Fight Data Preservation Suit In Delaware

    Asbestos bankruptcy trusts told the Delaware Supreme Court on Wednesday that Johnson & Johnson, Dow Chemical and other repeat asbestos defendants are trying to turn an old equitable remedy into a sweeping, indefinite preservation order for more than 1.1 million victims' private claims files.

  • May 06, 2026

    Womble Bond Adds Akin Gump Finance Pro In Houston

    Womble Bond Dickinson has strengthened its debt financing capabilities in the energy sector with the hiring of a Houston-based partner who came aboard from Akin Gump Strauss Hauer & Feld LLP.

  • May 06, 2026

    Canadian Furniture Co. Gets Provisional US Asset Shield

    A Delaware bankruptcy judge on Wednesday extended provisional protection to the U.S. assets of Quebec office furniture maker Bestar as it seeks U.S. recognition of its Canadian liquidation proceedings.

  • May 05, 2026

    Ex-CEO Gets 5 Years In Prison For $212.5M Fraud Case

    A New Jersey federal judge on Tuesday sentenced the former CEO of a now-defunct medical billing company to five years in prison, the statutory maximum penalty, for his role in a $212.5 million scheme to inflate the value of his company to defraud investors.

  • May 05, 2026

    Investors In $16B YPF Feud Win Round Against Argentina

    A New York federal judge has ruled that investors in Argentine oil and gas exploration company YPF SA can use discovery obtained in a decade-long dispute against the country in a parallel $16 billion investor-state arbitration they plan to initiate, saying they had shown a "compelling need."

  • May 05, 2026

    Bittrex Seeks To Undo $24M Judgment After SEC Crypto Pivot

    Bankrupt cryptocurrency exchange Bittrex urged a Seattle federal judge to toss a $24 million judgment entered as part of a 2023 settlement with the U.S. Securities and Exchange Commission, arguing that the agency has since done an "about-face" on crypto and abandoned its position that digital tokens are securities.

  • May 05, 2026

    Spirit Airlines Gets OK For Chapter 11 Wind-Down Procedures

    A New York bankruptcy judge on Tuesday agreed to approve Spirit Airlines' package of wind-down motions after rising fuel costs and unsuccessful efforts to secure federal rescue financing forced it to walk away from restructuring plans.

  • May 05, 2026

    Texas Appeals Court Wary Of Reviving Trustee's $100M Claim

    A Texas appeals panel seemed skeptical of a bankruptcy trustee's attempt to revive an action seeking to claw back money distributed by True Health Group to its shareholders before the company declared bankruptcy, asking Tuesday if the trustee brought its claims under the correct portion of the law.

  • May 05, 2026

    Bankruptcy Atty Sued By Debtor After Ch. 11 Turns To Ch. 7

    A Houston real estate holding company said its former bankruptcy lawyer negligently handled its Chapter 11 case and broke attorney-client privilege, which the company said helped lead the federal bankruptcy judge to convert the case to Chapter 7.

  • May 05, 2026

    Canadian Office Furniture Maker Seeks Ch. 15 Recognition

    Quebec office furniture maker Bestar and its U.S. affiliates Monday asked a Delaware bankruptcy judge for Chapter 15 recognition of its Canadian wind-down proceedings.

  • May 05, 2026

    UK Exec Tries To Exit Suit Over Alleged Byju's Fund Transfers

    A British business executive on Tuesday asked a Delaware bankruptcy judge to dismiss him from a suit over the disappearance of $533 million from an affiliate of education technology company Byju's, saying there is nothing in the case to give a U.S. court jurisdiction.

  • May 04, 2026

    'They Knew It': J&J Accused Of Hiding Talc Risk At LA Trial

    Johnson & Johnson knew for decades that its baby powder contained asbestos, even as it advertised the product as safe and "pure," attorneys for the families of three women who died of ovarian cancer told a California jury Monday during opening statements in a bellwether trial.

  • May 04, 2026

    Spirit Airlines' Demise To Reshape Low-Cost Competition

    Rival airlines have scrambled to boost routes, plug service gaps and snatch up Spirit Airlines customers in the two days since the budget carrier's demise, raising alarms about what other casualties might be in store for an airline industry reeling from skyrocketing jet fuel costs.

  • May 04, 2026

    Proskauer's Puerto Rico Restructuring Bill Hits $179M

    Proskauer Rose LLP submitted its final fee application Friday for its years of work on behalf of the Financial Oversight and Management Board as the representative for the Commonwealth of Puerto Rico in its restructuring case, seeking approval of an aggregate amount of fees and expenses that runs to $179.6 million.

  • May 04, 2026

    Cannabist's Ch. 15 Would Aid Illegal Pot Sales, Lender Says

    A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would be contrary to U.S. public policy since it would allow the debtor to monetize cannabis-related assets.

  • May 04, 2026

    Spirit Airlines Seeks Court Approval To Wind Down Business

    Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.

  • May 04, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a wide-ranging docket of deal disputes, advancement fights, stockholder suits and contract claims, with several matters turning on timing, forum limits and the remedies available when transactions or governance agreements break down.

Expert Analysis

  • Series

    Law School's Missed Lessons: Teaching Yourself Legal Tech

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    New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.

  • How AI May Reshape The Future Of Adjudication

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    As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.

  • When Legal Advocacy Crosses The Line Into Incivility

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    As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.

  • Series

    Volunteering At Schools Makes Me A Better Lawyer

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    Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

  • Series

    Law School's Missed Lessons: Appreciating Civil Procedure

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    If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.

  • Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use

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    The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.

  • In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable

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    The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.

  • How Attorneys Can Become Change Agents For Racial Equity

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    As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

  • Series

    Running Marathons Makes Me A Better Lawyer

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    After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.

  • Series

    Law School's Missed Lessons: Supporting A Trial Team

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    While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.

  • Series

    Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

  • The Ins And Outs Of Consensual Judicial References

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    As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.

  • Opinion

    The BigLaw Settlements Are About Risk, Not Profit

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    The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.

  • Series

    Brazilian Jiujitsu Makes Me A Better Lawyer

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    Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.

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