Bankruptcy

  • August 03, 2026

    Jackson Walker, Trustee Agree On $15M Romance Settlement

    Jackson Walker LLP has agreed to pay $15 million and reform its conflicts and disclosure practices to resolve claims brought by the regional U.S. trustee regarding bankruptcy fees approved by a bankruptcy judge who was at the time concealing a relationship with a Jackson Walker partner.

  • August 03, 2026

    Simpson Thacher's PIPE Work Was 'Dogged,' Jury Told

    Simpson Thacher & Bartlett LLP did all it could to help Patriot National Inc. and the company's owner and warn them about risks as they pursued a financing deal, a former capital markets attorney told a Florida state jury Monday in the insurance services company's malpractice case against the firm.

  • August 03, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving merger litigation, insider trading allegations, books and records demands, advancement proceedings, fiduciary duties, public benefit corporations and more.

  • August 03, 2026

    Bath Product Maker Vi-Jon Hits Ch. 11 With $25M Talc Deal

    Private-label dry bath product maker Vi-Jon LLC filed for Chapter 11 protection in Delaware with a proposed plan to channel talc injury claims into a trust to be funded by $25 million of cash and the contribution of certain insurance rights.

  • August 03, 2026

    Papaya Gaming Files Ch. 15 To Shield Against $719M Verdict

    Israeli mobile gaming company Papaya Gaming, which runs millions of Solitaire and Bingo tournaments every day, filed a Chapter 15 bankruptcy petition in a Delaware court after being hit with a $719 million judgment last week in a New York federal court over false advertising claims.

  • August 03, 2026

    EchoStar Unit Hughes Satellite Hits Ch. 11 With $1.5B In Debt

    Hughes Satellite Systems Corp., a unit of telecommunications company EchoStar that provides broadband internet services, has filed for Chapter 11 protection in Texas bankruptcy court with about $1.5 billion in funded debt.

  • July 31, 2026

    Law360 Names 2026's Top Attorneys Under 40

    Law360 is pleased to announce the Rising Stars of 2026, our list of more than 160 attorneys under 40 whose legal accomplishments belie their age.

  • July 31, 2026

    Del. Supreme Court Ends J&J Bid To Preserve Asbestos Data

    The Delaware Supreme Court on Friday reversed a Chancery Court ruling that had allowed Johnson & Johnson, Dow Chemical and other major asbestos defendants to pursue a novel effort to stop bankruptcy trusts from deleting decades of asbestos claims records, holding that the companies failed to satisfy the requirements for an equitable bill of discovery.

  • July 31, 2026

    Uniroyal Legacy Unit Files Ch. 11 To Handle Asbestos Claims

    A legacy unit of defunct tire maker Uniroyal filed for Chapter 11 protection on Friday in New Jersey to address 35,000 asbestos injury claims and hand over administration of ongoing retiree benefit programs.

  • July 31, 2026

    DC Circ. Backs Ex-Steward CEO's Contempt Charge

    The D.C. Circuit on Friday upheld a U.S. Senate committee's criminal and civil contempt finding against former Steward Health Care System LLC Chief Executive Ralph de la Torre after he refused to appear before lawmakers despite a subpoena, calling his appellate arguments "wholly meritless."

  • July 31, 2026

    Bankrupt Swiss Rival Drops Expedia Antitrust Claims

    A rival hotel booking website dropped its case in Washington federal court accusing Expedia of driving it out of business by using its control over Trivago to change the price comparison site's auction process for the placement of listings.

  • July 31, 2026

    End In Sight For Ovarian Cancer Patients With $5.5B+ J&J Deal

    The $5.5 billion global deal over talc ovarian cancer allows women to move past recent court setbacks requiring them to provide experts who can show a causal link between their disease and use of talc, and for defendant J&J to close a decade of litigation that included judicially criticized gambits to spin off liability through bankruptcy maneuvers.

  • July 31, 2026

    Boy Scouts Claimant Blames Ex-Counsel For Lost $2.7M

    An individual has asked a Delaware bankruptcy judge to reinstate his direct abuse claim against the Boy Scouts' settlement trust, asserting that Ahrens Law APC failed to file certain documents on time and saying that resulted in his claim — valued at up to $2.7 million — being tossed.

  • July 31, 2026

    Freedom Forever To Liquidate After Ch. 11 Sale Collapses

    Insolvent solar panel installation company Freedom Forever told a Delaware bankruptcy court Friday it will seek conversion of its Chapter 11 case to a Chapter 7 liquidation and terminate most of its employees, after a proposed sale of assets to its CEO did not gain the approval of unsecured creditors.

  • July 30, 2026

    FCC Says EchoStar Can't Use Trust Fund To Pay Itself

    The Federal Communications Commission is not pleased that EchoStar is trying to convince a bankruptcy court to let it use a trust fund created to pay contractors to build its now-abandoned 5G network to instead pay a loan one EchoStar subsidiary made to another.

  • July 30, 2026

    Del. Chancery Axes Student Loan Co. 'Unfair' Lender Deal Suit

    A Delaware vice chancellor has dismissed, with prejudice, a stockholder lawsuit seeking to block new "highly dilutive" borrowing from the top lenders and shareholders of international student loan provider MPower Financing PBC, finding that the statutory safe harbor provision of Delaware corporation law protects the transaction, which will hand control of the company to two hedge funds.

  • July 30, 2026

    FTX Deal Would Route $160M To Victims Of Korean Fraudster

    The FTX Recovery Trust asked a Delaware bankruptcy judge to greenlight a settlement with the foreign representative of Junho Bang, a Korean citizen jailed over cryptocurrency fraud, that would return more than $160 million to the fraudster's victims.

  • July 30, 2026

    Yellow Corp. Ex-Workers Sue Over SSN Breach, Notice Delay

    A group of former Yellow Corp. workers on Thursday sued the defunct trucking giant and its liquidating trustee, alleging their personal information was exposed in a data breach last year and that the debtor waited 15 months to disclose it.

  • July 30, 2026

    Exec Who Tried To Buy English Soccer Club Denies Fraud Rap

    A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to adjourn his October trial. 

  • July 30, 2026

    Spirit Lands $88M Stalking Horse For Corporate HQ

    Bankrupt budget air carrier Spirit Airlines has announced it has secured an $88 million baseline bid for its corporate campus in Florida.

  • July 30, 2026

    Simpson Thacher Trial Hears Of 'Grave Risk' In PIPE Deals

    An attorney who is an expert in private investment in public equity transactions told a Florida jury hearing a malpractice case against Simpson Thacher & Bartlett LLP on Thursday that companies that enter into an agreement similar to the one Patriot National Inc. did take on "grave risk."

  • July 29, 2026

    DOJ Probing Brothers Who Ran Summer Camp Empire

    A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of the probe, according to a notice filed with the Tel Aviv Stock Exchange.

  • July 29, 2026

    NJ Beauty Co. Suit Over Stock-For-Consulting Deal Survives

    A New Jersey federal judge allowed cosmetics company Glamour Dolls Inc. to pursue claims against an investor who the company claims promised to barter consulting services for a stake in the business, but then left it in the lurch when it needed financing.

  • July 29, 2026

    SEC Says Fla. REIT Hid Losses In $152M Investor Scheme

    The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an extensive marketing campaign in Florida federal court Wednesday.

  • July 29, 2026

    Sleep Number Can Keep $1.8M Employee Retention Promise

    A New York bankruptcy judge has overruled the objection from the U.S. Trustee to the employee retention plan from Sleep Number, finding that the employees aren't insiders, that the risk of them leaving was real and that it would be unfair to renege on promises to the workers.

Expert Analysis

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • Why SDNY May Be Dusting Off The Financial Kingpin Statute

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    The Southern District of New York’s recent fraud indictments against executives of bankrupt companies Tricolor and First Brands have seemingly revived the Continuing Financial Crimes Enterprise statute, and if the cases succeed, prosecutors across the country will have ample reason to reach for this long-dormant tool, say attorneys at Lankler Siffert & Wohl.

  • Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

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    The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

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