Bankruptcy

  • July 15, 2026

    Limetree Refinery Cos. Reach $35M Deal In Toxic Leak Action

    Affiliates of the former operator of a U.S. Virgin Islands oil refinery have reached a $35 million settlement of proposed class action claims from local residents concerning water contamination from oil releases five years ago.

  • July 15, 2026

    Simpson Thacher Put Co. Out Of Business, Fla. Jury Told

    Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.

  • July 15, 2026

    Pa. Jury Acquits Man Accused Of Threatening Judges

    A Pennsylvania federal jury found Wednesday that a man accused of threatening to kill judges is not guilty.

  • July 15, 2026

    New Jersey AG Targets Pa. Seller Of Ghost Gun Kits

    In a bid to stop the flow of untraceable firearms into the Garden State, New Jersey Attorney General Jennifer Davenport announced Wednesday that her office sued a Pennsylvania man alleged to be one of the largest suppliers of products used to make ghost guns.

  • July 15, 2026

    First Brands Seeks OK To End Retirement Benefits In Ch. 11

    Car parts giant First Brands Group told a Texas bankruptcy judge that it can't keep paying retired employee benefits past the end of July under its Chapter 11 budget, and asked for authority to stop covering life insurance, health insurance and other benefits.

  • July 15, 2026

    Brazil Cancer Treatment Co. To Restructure $1B Debt

    Oncoclínicas do Brasil Servicos Medicos SA, the owner of a number of cancer clinics across Brazil, has announced it is entering into an out-of-court restructuring to address 5.1 billion reais ($1 billion) in unsecured debt.

  • July 15, 2026

    Weil Appoints Its First Global Chair Of Restructuring

    Weil Gotshal & Manges LLP announced on Wednesday that U.S. restructuring co-chair Matt Barr will assume the newly created role of global restructuring chair.

  • July 14, 2026

    Silicon Valley Bank Ignored BlackRock's Advice, Judge Hears

    Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.

  • July 14, 2026

    4th Circ. Sends $166M Arbitral Judgment Back To Trial Court

    The Fourth Circuit ruled Tuesday that a trial court must determine if a $166 million arbitral award against convicted insurance mogul Greg Lindberg can stand under North Carolina law, reversing a lower court's confirmation of the award under the Federal Arbitration Act.

  • July 14, 2026

    Alex Jones' Co. Balks At Sandy Hook Victims' Stay Appeal

    Right-wing conspiracy theorist Alex Jones' media company has urged the Texas Supreme Court to reject a bid by victims of the Sandy Hook Elementary School shooting to license his website, Infowars, to The Onion, arguing the request is defective and the satire publication is already damaging the brand.

  • July 14, 2026

    Cayman Judge Orders VC Apple Tree's Management Removed

    A Cayman Islands judge has appointed independent officers to direct Apple Tree Life Sciences Inc., handing a win to a fund tied to a longtime Apple Tree investor that has sought to oust the biotechnology investment company's management as part of a protracted feud.

  • July 14, 2026

    Camp Mystic Families Say Ch. 11 Stay Doesn't Shield Owners

    The families of children and counselors who died at Camp Mystic last year have urged a Texas bankruptcy judge to enter an order confirming that the debtor's Chapter 11 automatic stay does not apply to their claims against individuals including camp owners, executives and others involved in management.

  • July 14, 2026

    States Will Get $18M From 23andMe Ch. 11 For Data Breach

    A week after a bankruptcy court approved a $46.75 million settlement between the DNA testing company 23andMe and data breach claimants, a coalition of more than 40 states announced Tuesday that they would share in an additional $18 million to resolve claims of unreasonable security practices.

  • July 13, 2026

    Ex-SVB Treasurer Says No Risky Actions Taken Before Failure

    Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.

  • July 13, 2026

    2nd Circ. Upholds Cumulus' Data-Tying Order Against Nielsen

    Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings, under a Second Circuit panel decision Monday upholding, and unpausing, a district court preliminary injunction, concluding that a 10-fold price increase for the standalone product likely amounted to anticompetitive coercion.

  • July 13, 2026

    Conn. Radiologist Loses Quick Win Bid In $5M Cancer Lawsuit

    A Connecticut state judge Monday denied a radiology doctor and medical group's attempt for quick wins on $5 million malpractice claims surrounding a former Waterbury Hospital nurse's missed cancer diagnosis, after attorneys for a local unit of bankrupt operator Prospect Medical Holdings Inc. bowed out of the case.

  • July 13, 2026

    23andMe Bankruptcy Plan Bars Data Breach Suit In Calif.

    A Missouri bankruptcy judge has told attorneys representing California the state can no longer press its data breach lawsuit against the reorganized 23andMe, finding the state court action is barred by the company's confirmed Chapter 11 plan.

  • July 13, 2026

    Jackson Walker Settlements Over Judge Romance Get Greenlit

    A Texas bankruptcy judge has recommended approval of nine settlements regarding legal fees paid to Jackson Walker LLP connected to a former firm partner's romantic relationship with a then-bankruptcy judge, with the firm agreeing to pay $4.79 million in total, including $1.4 million to the estate of J.C. Penney.

  • July 13, 2026

    Rhode Island Jail Operator Files Ch. 11 With $169M Debt

    A Rhode Island jail operator with a contract to hold federal immigration detainees has filed for Chapter 11 protection in Rhode Island bankruptcy court with an agreement on a restructuring plan to end years of litigation and cut nearly two-thirds of its $169 million in debt.

  • July 13, 2026

    50 Cent Says Ex-Staffer's Retaliation Suit Has No Place In Ga.

    Rapper 50 Cent urged a Georgia federal court to toss a former assistant's suit alleging she was fired and repeatedly harassed because she refused to falsely accuse his bodyguard of theft, arguing his Texas residency prevents the court from having jurisdiction over the case.

  • July 10, 2026

    Judge Says $57M Asset Freeze Skips 8 In Chapter 7 Clawback

    A Connecticut federal judge clarified that her recent ruling putting a hold on $57.4 million in clawback litigation from the Chapter 7 trustee of pump manufacturer The Nash Engineering Co. does not apply to eight defendants who were not initially served notice of a prejudgment remedy motion.

  • July 10, 2026

    Linqto Gets OK To Pay Off Ch. 11 Loan With Securities

    A Texas bankruptcy judge Friday gave investment platform Linqto permission to transfer its Chapter 11 loan to a customer recovery fund and pay off the balance with securities.

  • July 10, 2026

    Ambipar Seeks US Recognition Of Brazilian Reorg

    Nearly nine months after placing its U.S. affiliate into Chapter 11, Brazilian waste management and oilfield emergency response conglomerate Ambipar Group is asking a Texas bankruptcy judge to extend U.S. recognition to its efforts to restructure more than $1 billion in debt.

  • July 10, 2026

    Estate Says Scant Record Sinks IRS' $3.8M Win In Tax Row

    The estate of a deceased man does not owe the Internal Revenue Service $3.8 million in wage-related penalties, the estate told a North Carolina federal court, saying the government's effort to place a lien on his properties is based on a "fundamentally incomplete" record.

  • July 10, 2026

    SiFi Networks Wins Final Approval For $3.4M Ch. 11 Loan

    Privately-owned telecommunications company SiFi Networks America LLC can access $3.4 million in Chapter 11 financing from its prepetition lender and stalking horse bidder, a Delaware bankruptcy judge has determined.

Expert Analysis

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • What Law Firm Liability Risks In 2025 Signal For Year To Come

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    Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

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