Bankruptcy

  • May 28, 2026

    Judge Clears Settlement In Equifax Reporting Suit

    A Virginia federal judge won't intervene in a deal resolving a proposed Fair Credit Reporting Act class action against Equifax, ruling that the undisclosed settlement, which was announced prior to class certification, had not been "tainted by collusion."

  • May 28, 2026

    6th Circ. Revives P-Funk Keyboardist's Copyright Royalty Suit

    The Sixth Circuit revived part of the estate of late Parliament-Funkadelic keyboardist George "Bernie" Worrell's copyright suit against group co-founder George Clinton and his company Thang Inc., ruling that a jury must decide whether Worrell partly owned the recordings he helped create. 

  • May 28, 2026

    HSBC Defeats Most Claims In First Citizens' Poaching Suit

    A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still didn't have any jurisdiction over some defendants and that an amended complaint had not cured issues with a previously dismissed complaint.

  • May 28, 2026

    Bestar Wins Ch. 15 Bid Amid Landlord Deposit Tussle

    A Delaware bankruptcy judge on Thursday granted Chapter 15 recognition to Canadian furniture company Bestar Inc. over the objection of a landlord seeking a $250,000 security deposit for potential damages that could occur when Bestar's foreign representative begins to liquidate a western New York factory next month.

  • May 28, 2026

    Spirit Seeks Bonuses To Keep Top Brass Through Wind-Down

    Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.

  • May 28, 2026

    Dechert Adds 4th McDermott Restructuring Partner In A Month

    Dechert LLP has continued its hiring spree of former McDermott Will & Schulte attorneys, adding its fourth restructuring partner from the firm this month.

  • May 27, 2026

    3rd Circ. Affirms Toss Of Spirit Airlines Site Tracking Suit

    The Third Circuit has refused to revive a proposed class action accusing the now-defunct Spirit Airlines of recording communications by visitors to its website, finding the plaintiffs voluntarily provided information to look for flights and that, at any rate, many understand "'that what we do on the Internet is not completely private.'"

  • May 27, 2026

    Plastics Co. Trinseo Clears Initial Ch. 11 Prepack Hurdles

    Bankrupt plastics company Trinseo PLC received approval Wednesday from a Texas bankruptcy judge to access $427.5 million in Chapter 11 financing as it pursues its prepackaged restructuring proposal, but a dispute with a subset of its lenders arose during the proceedings.

  • May 27, 2026

    2nd Circ. Says Creditor Agent Could Be Served In Ch. 11 Suit

    The Second Circuit has found that when a Chinese textile company authorized an insurer to fully collect on a $3 million bankruptcy claim, it authorized the insurer's agent to accept service for a suit that would reduce the amount of the claim.

  • May 27, 2026

    Spirit OK'd For $275M DIP To Simplify 20-Plane Sale In Ch. 11

    Spirit Airlines received approval Wednesday for $275 million in Chapter 11 financing that aims to simplify the previously approved sale of 20 aircraft to a stalking horse buyer as it seeks to preserve assets during its wind-down.

  • May 27, 2026

    Atty Can't Shield Records In Probe Tied To Aussie Tax Fraud

    A tax lawyer cannot use the Fifth Amendment to shield his U.S. financial records from liquidators appointed by an Australian court that hit his family's companies with a civil assessment of AU$100 million ($71.4 million) for a decades-long tax fraud, a New York bankruptcy court said.

  • May 27, 2026

    Stock Trade Co. Wants Out Of Mallinckrodt Clawback Suit

    A high-frequency stock trading firm is asking a Delaware bankruptcy judge to make it the latest defendant dismissed from a bid by Mallinckrodt PLC to recover $1.6 billion paid for stock buybacks before the opioid distributor's bankruptcy.

  • May 26, 2026

    First Brands' Plan Disclosures Denied Over Creditor Rights

    A Texas bankruptcy judge denied conditional approval of the Chapter 11 plan disclosure statement of car parts maker First Brands Group on Tuesday because the complicated plan proposal would not provide all creditors with their required procedural rights to review and vote on the plan.

  • 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.

Expert Analysis

  • Series

    Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • Series

    Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • Series

    My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.

  • Series

    Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Series

    Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Opinion

    Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Series

    Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • Series

    Law School's Missed Lessons: Rejecting Biz Dev Myths

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    Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.

  • Move Beyond Surface-Level Edits To Master Legal Writing

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    Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.

  • 9th Circ. Has Muddied Waters Of Article III Pleading Standard

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    District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.

  • Series

    Competing In Modern Pentathlon Makes Me A Better Lawyer

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    Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.

  • 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.

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