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Bankruptcy
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									August 28, 2025
									ATM Network Investment Was $700M Ponzi Scheme, Suit SaysFour individuals have been hit with a proposed class action from an investment advisory firm, accusing them of using purported investments in ATM networks to run a $700 million Ponzi scheme. 
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									August 28, 2025
									Yellow Corp. Shareholders Blast 4th Try At Ch. 11 PlanYellow Corp.'s largest public shareholders are ripping the trucking company's fourth attempt at getting a Chapter 11 liquidating plan approved, telling a Delaware bankruptcy judge the newest one would leave "the fox guarding the henhouse." 
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									August 28, 2025
									Real Estate Mogul Wants $51.2M Conn. Asset Freeze ReducedThe chairman, secretary and chief financial officer of bankrupt construction management firm Gateway Development Group Inc. on Thursday asked a Connecticut judge to reconsider a $51.2 million asset freeze demanded by a Chapter 7 trustee and a minority shareholder, claiming "mathematical errors" warrant a $17 million reduction. 
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									August 28, 2025
									Rhodium Founders Defend D&O Coverage Request In Ch. 11Founders of cryptocurrency mining firm Rhodium are defending their request for leave to pursue payouts from the company's directors and officers insurance policy, saying an ad hoc group's protests fell flat since any shortfalls in coverage would primarily affect the founders and the outcome would not change based on sufficiency of the coverage. 
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									August 28, 2025
									Gambling Biz Gets OK For Ch. 11 Financing, Sept. AuctionA Texas bankruptcy judge gave final approval to $46 million in new money Chapter 11 financing for Maverick Gaming LLC, a company that runs casinos and other gambling venues in three states, and scheduled a Sept. 19 auction for the debtor's assets. 
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									August 27, 2025
									Father, Son Seek 2-Year Sentences In $280M Sports Park FraudA father and son are both seeking two-year sentences from a New York federal court after pleading guilty to fraud related to the development of a Phoenix-area youth sports park with $280 million in investments, alleging prosecutors overstated their culpability for investor losses. 
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									August 27, 2025
									Genesis Wins OK For $30M DIP, Ch. 11 Sale ProcessA Texas bankruptcy judge on Wednesday gave final approval to nursing home operator Genesis Healthcare Inc.'s updated $30 million debtor-in-possession loan and Chapter 11 sale procedures after a three-day hearing, overruling unsecured creditors' objections. 
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									August 27, 2025
									Ex-Jackson Walker Partner Says Romance Suit Is 'Déjà Vu'A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding. 
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									August 27, 2025
									Judge Approves Party City's Ch. 11 Liquidation PlanA Texas bankruptcy judge on Wednesday gave final confirmation to Party City's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office, who argued that the plan improperly reduces administrative claims without clear evidence of consent and could violate the Bankruptcy Code. 
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									August 27, 2025
									Syracuse Diocese Gets OK For $176M Ch. 11 PlanA New York bankruptcy judge on Wednesday approved the Roman Catholic Diocese of Syracuse's plan to settle its sexual abuse liability for $176 million, saying insurance settlements the diocese has reached in recent months don't change the basics of the plan. 
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									August 27, 2025
									Faegre Drinker Says Investor Can't Call Biz Loss MalpracticeFaegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility for a failed investment. 
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									August 27, 2025
									Fenwick Fights New Claims In FTX Crypto Scam MDLFenwick & West LLP has asked a Florida federal judge to shut down a bid by victims of the infamous FTX Trading Ltd. cryptocurrency scam to bring new claims against the firm, calling allegations that it knew about FTX's misuse of customer funds an "irresponsible falsehood." 
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									August 26, 2025
									GWG Wind-Down Trustee Fights Ethics Scandal Removal BidA Texas bankruptcy lawyer hit back at efforts to oust her as the wind-down trustee for GWG Holdings, saying her involvement in a judicial ethics and romance scandal is unrelated to her work for the former life insurance bond seller. 
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									August 26, 2025
									Pioneer Health Objects To Banker's Ch. 11 Fee ApplicationClinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout hinged on a sale Pioneer never fully carried out. 
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									August 26, 2025
									Puerto Rico Utility Bondholders Say They'll End Reorg DealA group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October. 
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									August 26, 2025
									SEC Says Nikola's Ch. 11 Plan Mischaracterizes $80M PenaltyThe U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if it were a damages claim behind other unsecured creditors in the priority scheme. 
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									August 26, 2025
									UpHealth Strikes Chapter 11 Deal With GlocalBankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement resolving Indian company Glocal Healthcare's $200 million adversary proceeding in a bitter feud over an ill-fated merger. 
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									August 26, 2025
									Canadian Tobacco Co.'s Tort Deal Gets US RecognitionA New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement of Canadian tobacco lawsuits. 
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									August 25, 2025
									Rite Aid, Lease Buyer Hit Back At Landlord's Sale ObjectionBankrupt drugstore chain Rite Aid and the discount clothing retailer Ross Dress For Less are pushing back against a landlord who objected to the debtor's sale of 18 store leases to Ross, saying the planned sale is in Rite Aid's best interest. 
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									August 25, 2025
									Chubb Units Say No To Test Cases In Archdiocese Ch. 11Insurance carriers for the Archdiocese of San Francisco urged a California bankruptcy court to reject a deal between the archdiocese and sexual abuse claimants to allow five lawsuits to proceed despite a Chapter 11 automatic stay. 
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									August 25, 2025
									Auto Parts Supplier Targets Tilton In $39M Clawback CaseAn auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an asset transfer aimed at ducking a judgment in the plaintiff's favor. 
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									August 25, 2025
									Trustee For NJ House Flipper Cos. Seeks OK For Oct. AuctionThe Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets. 
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									August 25, 2025
									Albany Diocese Creditors, Insurers Spar On Claim ChallengesTort claimants have urged a New York bankruptcy judge not to hear insurers' objections to claims in the Chapter 11 of the Roman Catholic Diocese of Albany, challenging the companies' position they have a financial stake in the court's decision on whether to allow the claims. 
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									August 25, 2025
									Marelli Wins Ch. 11 Ruling To Resume Arbitration In ItalyA Delaware bankruptcy judge said he would lift the automatic stay on an arbitration proceeding in Italy, finding that it wouldn't prejudice a company with counterclaims against automotive parts manufacturer Marelli Corp. 
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									August 22, 2025
									Kroll Catches Class Suit Over Crypto Bankruptcy Data BreachKroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy deadlines after it suffered a data breach that exposed creditors to a bevy of email attacks. 
Expert Analysis
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								How Courts Can Filter Nonmeritorious Claims In Mass Torts---copy.jpg)  Nonmeritorious claims have been a key obstacle to settlement in many recent high-profile mass torts, but courts may be able to use tools they already have to solve this problem, says Samir Parikh at Wake Forest University. 
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								Series Racing Corvettes Makes Me A Better Lawyer  The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome. 
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								Opinion Attorneys Must Act Now To Protect Judicial Independence  Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal. 
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								Rethinking 'No Comment' For Clients Facing Public Crises  “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen. 
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								How Design Thinking Can Help Lawyers Find Purpose In Work  Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan. 
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								Series Competitive Weightlifting Makes Me A Better Lawyer  The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law. 
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								Serta Ruling Further Narrows Equitable Mootness In 5th Circ.  The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary. 
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								Opinion Inconsistent Injury-In-Fact Rules Hinder Federal Practice  A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin. 
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								In-House Counsel Pointers For Preserving Atty-Client Privilege  Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics. 
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								Series Collecting Rare Books Makes Me A Better Lawyer  My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health. 
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								Opinion Judge Should Not Have Been Reprimanded For Alito Essay  Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University. 
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								Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example  Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas. 
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								Perspectives Accountant-Owned Law Firms Could Blur Ethical Lines  KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla. 
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								Ch. 11 Ruling Confirms Insurer Standing Requirements  A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler. 
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								AI Will Soon Transform The E-Discovery Industrial Complex  Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder. 
