Bankruptcy

  • October 03, 2025

    LA Film Site Agent Files Ch. 11 After Wildfires, MCA Loans

    Image Locations Inc., a company that helps movie and television productions rent space to film, filed for small-business Chapter 11 in California bankruptcy court, saying it needed protection from lenders which extended financing after the Los Angeles wildfires led to the cancellation of film projects.

  • October 03, 2025

    Jackson Walker, Ex-Insurer Settle Judge Romance Claims

    In the latest settlement with Jackson Walker over a former partner's secret romance with an ex-bankruptcy judge, the litigation trustee for defunct life insurance bond settler GWG Holdings Inc. reached a $405,000 deal Friday to settle its claims against the law firm.

  • October 03, 2025

    The Roberts Court At 20: How The Chief Is Reshaping America

    Twenty years after John Roberts became the 17th chief justice of the United States, he faces a U.S. Supreme Court term that's looking transformative for the country and its institutions. How Justice Roberts and his colleagues navigate mounting distrust in the judiciary and set the boundaries of presidential authority appear increasingly likely to define his time leading the court.

  • October 02, 2025

    Jackson Walker Can't Duck Judge Romance Suit, Court Told

    A group of bondholders Thursday urged a Texas federal judge not to throw out its suit over a former Jackson Walker LLP partner's secret romance with a bankruptcy judge, arguing that the firm "has a problem with telling the truth" and it's "back at it again."

  • October 02, 2025

    Netflix Escapes Documentary IP Suit From Atty's Film Co.

    A film company owned by a trial lawyer this week lost its lawsuit accusing Netflix Inc. of infringing a copyright in its documentary about sexual abuse in the Boy Scouts of America, with a New Jersey federal judge finding the film deals with uncopyrightable facts.

  • October 02, 2025

    Wind Co.'s Pre-Ch. 11 Uptier Deal Draws Suit From Creditors

    The official committee of unsecured creditors in the Chapter 11 of wind turbine blade maker TPI Composites has brought an adversary action against the debtor in Texas bankruptcy court, alleging a prepetition uptier transaction made preferred equity holder Oaktree a secured creditor to the detriment of unsecured noteholders.

  • October 02, 2025

    Attys Get Mixed NJ Discipline After Fraud Convictions

    The New Jersey Supreme Court has disbarred ex-Sacks Weston attorney Scott Diamond from the practice of law in the Garden State following his conviction for fraudulently resolving cases behind the back of his old firm, according to filings issued Thursday.

  • October 02, 2025

    Ch. 11 Trustee Appointed In Eventide Bankruptcy

    A Texas bankruptcy judge has appointed a Chapter 11 trustee in the bankruptcy of Eventide Credit Acquisitions following a request from the official committee of unsecured creditors.

  • October 02, 2025

    Cajun Restaurant Chain Hits Ch. 11 Amid Consumer Shifts

    Cajun restaurant chain Razzoo's filed for Chapter 11 protection in Texas bankruptcy court, citing consumer shifts since the COVID-19 pandemic began that have led to financial distress and made it necessary for the business to seek relief from onerous lease obligations and reduce its store count.

  • October 01, 2025

    Coinbase Gets Securities Suit Over Biz Risks Trimmed

    A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed.

  • October 01, 2025

    Reed Smith Seeks 2nd Circ. Help Over Eletson Orders

    Reed Smith LLP has urged the Second Circuit to nix an order displacing the firm as counsel and requiring it to turn over client files for international shipping group Eletson Holdings Inc. to lawyers representing the company's new owners, saying Eletson's bankruptcy plan has not validly taken effect.

  • October 01, 2025

    PG&E Brass, Underwriters Get Investors' Wildfire Suit Tossed

    A California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by PG&E officials about the utility's safety practices, but said they could try a fifth time.

  • October 01, 2025

    First Brands Can Tap $1B DIP As It Seeks Stability In Ch. 11

    A Texas bankruptcy judge Wednesday gave interim approval to car parts maker First Brands' $1.1 billion debtor-in-possession loan, freeing up $500 million in funds, after a stalled refinancing and limited liquidity pushed it to Chapter 11.

  • October 01, 2025

    Alex Jones Ch. 7 Stay Doesn't Protect Co. Assets, Judge Says

    The Texas bankruptcy judge overseeing the Chapter 7 case of right-wing conspiracy theorist Alex Jones said Wednesday the automatic stay of the bankruptcy does not extend to the assets of Jones' media company, Free Speech Systems.

  • October 01, 2025

    Conn. Diocese Attys Slam US Trustee's $3.1M Fee Complaint

    The Norwich Roman Catholic Diocesan Corp.'s attorneys at Ice Miller LLP and Robinson & Cole LLP, along with other bankruptcy advisers, have disputed a U.S. Trustee's claims that nearly $3.1 million in combined professional fees were not actual, necessary and reasonable in light of a mediator's efforts.

  • October 01, 2025

    Hub Hires: Morgan Lewis, WilmerHale, Simpson Thacher

    Other than the Red Sox and a few muggy late summer days, few things were hotter in September than the Boston legal market. Morgan Lewis made four lateral hires, WilmerHale welcomed back an experienced life sciences attorney, and Simpson Thacher snagged a former Goodwin banking lawyer.

  • September 30, 2025

    McKinsey Trims Endo Suit But Can't Nix Indemnification Claim

    A New York bankruptcy judge trimmed an adversary suit Monday claiming McKinsey & Co. Inc. should pay at least $1.5 billion to cover costs bankrupt pharmaceutical developer Endo International racked up defending against opioid claims, tossing nearly all allegations with leave to amend, but greenlighting an indemnification claim.

  • September 30, 2025

    Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims

    The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.

  • September 30, 2025

    HSBC Gets $324M Claims Tossed In Row With Madoff Trustee

    A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.

  • September 30, 2025

    3rd Circ. Mulls Liens On Casino Revenue In Pa. City's Ch. 9

    The Third Circuit Court of Appeals on Tuesday pressed attorneys for Delaware County and municipal bondholders on why their liens on city-generated revenues carried forward when the Pennsylvania city of Chester filed for bankruptcy in 2022.

  • September 30, 2025

    Real Estate Mogul Invited To Settle Fraud, Wage Suit For $40M

    A Chapter 7 trustee and a minority shareholder have offered to drop a sprawling lawsuit against a New York and Connecticut real estate mogul and other company leaders in exchange for $40 million, less than two months after convincing a judge to tie up $51.2 million of the defendants' assets as the contract, fraud and wage case moves forward.

  • September 30, 2025

    Hooters Gets OK To Exit Bankruptcy, Shift To Franchise Model

    A Texas bankruptcy judge Tuesday approved restaurant chain Hooters of America's plan to sell more than 100 restaurants to a group of franchisees and exit Chapter 11, confirming the debtor's reorganization plan weeks after ruling on a royalty dispute in the case.

  • September 30, 2025

    Education Tech Co. Anthology Hits Ch. 11 With Over $1B Debt

    Anthology Inc., a software company in the educational technology space, filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt, saying it intends to sell parts of its business and restructure the rest.

  • September 29, 2025

    Merit Street Ch. 11 Judge Shares Dismissal Evidence Concern

    The bankruptcy judge presiding over the Chapter 11 case of Merit Street Media expressed his concerns Monday over some of the evidence presented during a multi-day trial over motions to dismiss the company's bankruptcy, saying some testimony caused him to lose sleep.

  • September 29, 2025

    Supreme Court Considers 7 Patent Petitions

    The U.S. Supreme Court held its first conference Monday, presenting the justices with several petitions of interest to patent practitioners before the court's new term kicks off next week.

Expert Analysis

  • How BigLaw Executive Orders May Affect Smaller Firms

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    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Opinion

    Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

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    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • How To Accelerate Your Post-Attorney Career Transition

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    Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.

  • Series

    Law School's Missed Lessons: Be An Indispensable Associate

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    While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.

  • 23andMe Case Highlights Privacy Complexities In Ch. 11

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    Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.

  • Series

    Birding Makes Me A Better Lawyer

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    Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.

  • Series

    Adapting To Private Practice: From DOJ Leadership To BigLaw

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    The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

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    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

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    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • How Attorneys Can Master The Art Of On-Camera Presence

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    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Series

    Baseball Fantasy Camp Makes Me A Better Lawyer

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    With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.

  • Series

    Adapting To Private Practice: From Fed. Prosecutor To BigLaw

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    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Perfecting Security Interests In Renewable Energy Tax Credits

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    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

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    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • Opinion

    We Must Allow Judges To Use Their Independent Judgment

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    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

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