Bankruptcy

  • January 15, 2026

    EU Greenlights Hedge Fund's $5.89B Bid For Control Of Citgo

    The European Commission has announced its approval of a $5.9 billion bid by hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and settle billions of dollars of debt owed by Venezuela and its state-owned oil company.

  • January 15, 2026

    Insurer Owes $24.5M For Burn Case, Medical Spa Trustee Says

    A trustee for the bankruptcy estate of a former medical spa owner alleged that Aspen Specialty Insurance Co. breached its duty to defend the woman in litigation over a client's burn injury, forcing her to face a $24.5 million default judgment.

  • January 15, 2026

    Expedia Can Seek Singapore's Aid To Get Docs In Rival's Suit

    A Washington federal judge has granted Expedia's request to seek assistance from Singapore's court system to obtain documents from Trip.com to support its defense in an antitrust case filed by Switzerland-based bankrupt online hotel booking company Amoma Sarl.

  • January 15, 2026

    Rite Aid Trusts Can Access Health Data To Pursue Tort Claims

    A New Jersey bankruptcy judge said Thursday he will allow trusts set up under Rite Aid's first Chapter 11 plan to examine personal health data to support their effort to litigate tort and insurance claims, overruling the new Rite Aid debtor's objection.

  • January 15, 2026

    Jockey's Cos. Say He Can't Cover £765K In Tax Debt

    An Italian jockey is not able to pay back over £765,500 ($1.02 million) in company tax debt to HM Revenue & Customs following his bankruptcy last year amid a private dispute with the U.K. tax authority, according to company documents.

  • January 14, 2026

    Ligado Judge To Issue Ruling On Inmarsat Satellite Row

    A Delaware bankruptcy judge said Wednesday he would issue an oral ruling "in very short order" on telecommunications group Ligado Networks LLC's bid to stop litigation launched by Viasat unit Inmarsat Global Ltd. over Ligado's request to the government to let it license out spectrum rights.

  • January 14, 2026

    Golf Co. Can Put Liens On Nicklaus IP For Ch. 11 Loan

    Sports gear and golf design company GBI Services received final approval for a $17 million Chapter 11 loan Wednesday in Delaware, with a judge there ruling the debtor can grant a lien in favor of the postpetition lenders that covers the name, image and likeness rights for retired professional golfer and company co-founder Jack Nicklaus.

  • January 14, 2026

    Judge OKs Flipcause Ch. 11 Trustee After Debtor Consents

    A Delaware bankruptcy judge granted the wish of the California Attorney General's Office that a trustee be installed to oversee the Chapter 11 case of fundraising tech company Flipcause, after the debtor voiced assent.

  • January 14, 2026

    Judge 'Can't Ignore' Missed Atty Conflict In Oil Firm's Ch. 11

    A federal bankruptcy judge had pressing questions Wednesday about how many times the firm Calaiaro Valencik missed noticing that one of its attorneys had once represented a $32 million creditor for their client in a Chapter 11 bankruptcy case, even if the now-deceased lawyer had been guilty of sloppy record-keeping as the firm claimed.

  • January 14, 2026

    MoFo Taps Ex-FTX GC, Associate Counsel As Fintech Partners

    The former top lawyer and another former in-house counsel at imploded cryptocurrency exchange FTX have joined Morrison Foerster LLP as partners in its financial services and fintech industry groups, the firm announced on Wednesday.

  • January 14, 2026

    Retailer Saks Global Hits Ch. 11 With Over $3B Debt

    The parent company of luxury department store chain Saks Fifth Avenue filed for Chapter 11 protection Wednesday in a Texas bankruptcy court with $3.4 billion in funded debt, buckling under the strain of debt it used to fund its purchase of Neiman Marcus more than a year ago.

  • January 13, 2026

    DLA Piper Can't Counsel Hudson Hotel In Ch. 11, Judge Says

    A Delaware bankruptcy judge Tuesday rejected a bid by two bankrupt entities tied to the former Hudson Hotel to retain DLA Piper LLP as special counsel in their Chapter 11 case, saying the law firm's work for the entities' lender presented a conflict of interest.

  • January 13, 2026

    Judge Grants Final Approval To AmeriFirst's Ch. 11 Plan

    A Delaware bankruptcy judge on Tuesday granted final approval of mortgage servicer AmeriFirst Financial Inc.'s Chapter 11 plan and disclosure statement, overruling objections from the Office of the U.S. Trustee concerning the payment of administrative and priority claims.

  • January 13, 2026

    Beasley Allen Talc Work Sends 'Bad Signal,' J&J Says

    Johnson & Johnson's talc unit told a New Jersey appeals panel on Tuesday that a lower court's ruling permitting Beasley Allen Law Firm attorneys to represent plaintiffs in multicounty litigation over its talc-based baby powder "sends a very bad signal" to the state bar.

  • January 13, 2026

    NY Judge Vacates Eletson's $102M Arbitral Award

    A Manhattan federal judge has vacated a $102 million arbitral award issued to international shipping company Eletson Holdings, saying, "The evidence is clear and convincing that Eletson committed fraud in the arbitration," and misled the arbitrator.

  • January 13, 2026

    Mass. Court Clears Title Insurer In Lender's Foreclosure Loss

    A title insurance company's successful effort to dissolve a previously missed $1.6 million attachment on a piece of property was all that was required to absolve it of liability to a second mortgage lender after the primary lender foreclosed, a panel of Massachusetts' intermediate-level appeals court concluded Tuesday.

  • January 12, 2026

    SunPower Execs Ink $11M Investor Deal Amid Bankruptcy

    Former top executives of now-bankrupt solar power equipment company SunPower have settled with investors to end claims in California federal court alleging the company concealed the destitute state of its finances for several months.

  • January 12, 2026

    House Passes Bill To Double Ch. 7 Trustee Fee

    A bipartisan bill doubling the fixed per-case fees for Chapter 7 trustees is headed to President Donald Trump for a signature, after the U.S. House of Representatives passed it Monday night.

  • January 12, 2026

    US Magnesium Creditors Say Sale Process Was Rigged

    The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of manipulating the transaction to grab the assets while leaving other creditors behind.

  • January 12, 2026

    Landlord Picks Winning Bidder Despite NYC's Delay Request

    A group of debtors affiliated with New York City landlord Pinnacle Group named stalking horse bidder Summit Gold Inc. the winner in an asset auction opposed by the city's new mayor.

  • January 12, 2026

    STG Logistics Hits Ch. 11 With Over $1B Debt, Reorg Plans

    STG Logistics Inc. and several affiliates filed for Chapter 11 protection in New Jersey bankruptcy court Monday with up to $10 billion in liabilities and an agreement with lenders to significantly trim the company's debt load.

  • January 12, 2026

    Justices Won't Hear Claims Highland Ch. 11 Judge Is Biased

    The U.S. Supreme Court on Monday declined to hear arguments from the founder of hedge fund Highland Capital Management that the judge who presided over Highland's bankruptcy case was biased, and that two novels she has published prove it.

  • January 12, 2026

    Justices Won't Hear Hertz's $272M 'Solvent Debtor' Appeal

    The U.S. Supreme Court said Monday it will not hear an appeal by reorganized rental car giant Hertz Corp. of a Third Circuit decision that it owes $272 million to unsecured creditors from its 2020 bankruptcy.

  • January 12, 2026

    Supreme Court Won't Hear Appeal Of Boy Scouts Ch. 11 Plan

    The U.S. Supreme Court will not hear an appeal by sexual abuse claimants in the Boy Scouts of America's bankruptcy case arguing the Third Circuit got it wrong when it said it can't undo transactions in the organization's Chapter 11 plan.

  • January 09, 2026

    Buffalo Diocese Says It Needs Opt-Out Ch. 11 Releases

    The Roman Catholic Diocese of Buffalo on Friday told a New York bankruptcy judge that a U.S. Trustee's Office proposal that it be required to obtain affirmative consent for claims releases in its Chapter 11 plan would doom more than $200 million in settlements.

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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