Bankruptcy

  • November 10, 2025

    Law360 MVP Awards Go To Top Attorneys From 76 Firms

    The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.

  • November 10, 2025

    Boy Scouts Trustee Pushes Back On $31.2M Claim

    The trustee overseeing the distribution of funds to sex assault victims in the Boy Scouts of America bankruptcy is opposing negotiations with a man who holds what could be a $31.2 million claim — possibly the biggest single claim so far — saying that procedures require him to take his claim to court instead.

  • November 10, 2025

    Hotel Operator Sonder Announces Wind-Down, Liquidation

    San Francisco-based hotel company Sonder said Monday it will immediately wind down operations and file for a Chapter 7 liquidation, one day after Marriott announced it ended an affiliation the hotel chain began with Sonder a year earlier.

  • November 10, 2025

    Utah Enviro Agency Objects To US Magnesium Transaction

    Utah's environmental regulatory agency has asked a Delaware bankruptcy judge to reject US Magnesium's asset sale agreement, saying a buyer should be bound by the same responsibilities as the debtor.

  • November 10, 2025

    Sunnova Ch. 11 Wind-Down Approved Over Release Objection

    The Chapter 11 liquidation plan of solar panel company Sunnova Energy International received bankruptcy court approval Monday in Texas after a judge overruled objections to third-party releases raised by the U.S. Trustee's Office.

  • November 10, 2025

    Justices Won't Hear Serta Simmons Ch. 11 Plan Challenge

    The U.S. Supreme Court declined Monday to take up a challenge by Serta Simmons lenders to a Fifth Circuit ruling last year that rejected the mattress maker's controversial "uptier" debt exchange, choosing not to consider whether the appellate court erred in altering Serta's Chapter 11 plan without allowing a new vote on it.

  • November 07, 2025

    Ex-Exec Of Cannabis Co. Wins $104M Over Canceled Stock

    A New Mexico jury has awarded over $104 million to a businessman it found was wrongly stripped of his 5 million shares of bankrupt cannabis processor Bright Green after a handshake deal to bring him on as CEO fell apart.

  • November 07, 2025

    Real Estate Recap: Mamdani, Immigration, Q3 Debrief

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate reactions to the election of Zohran Mamdani as mayor of New York City, how condo attorneys are bracing for a surge in immigration enforcement and third-quarter takeaways across asset classes.

  • November 07, 2025

    Judge Fears FTX-Size Probe In First Brands Ch. 11

    A Texas bankruptcy judge signaled Friday that the investigation required in the bankruptcy case of auto parts maker First Brands might be as complex as that of FTX Trading Ltd. as he fielded calls for a Chapter 11 examiner.

  • November 07, 2025

    Ex-Lordstown Execs Fight Bankruptcy Reserve Cut

    Former executives of bankrupt Ohio electric vehicle manufacturer Lordstown Motors urged a Delaware bankruptcy judge to preserve a key financial cushion in the company's post-bankruptcy claims reserve, arguing that the reorganized debtor is improperly seeking to reduce the protections negotiated for unresolved indemnification and defense-cost claims.

  • November 07, 2025

    Chancery Denies Ruling Stay In Caribevision Control Dispute

    Two camps battling over control of Delaware-chartered television network Caribevision both lost postjudgment rulings Friday on motions to undo parts of a Court of Chancery decision last month intended to resolve control of the self-described media "eyes and ears of the Caribbean."

  • November 07, 2025

    Solar Co. Pine Gate Hits Ch. 11 With $1B+ Debt, Sale Plan

    Solar energy developer Pine Gate Renewables has filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt and a plan to sell its business during the case.

  • November 06, 2025

    Core Scientific Reaches $14.75M Deal With SPAC Investors

    Bankrupt cryptocurrency miner Core Scientific has reached a $14.75 million agreement to settle proposed class action claims brought by an investor in the special purpose acquisition company that made a $4.3 billion deal to bring the miner public via merger.

  • November 06, 2025

    Luxury Developer Five Star Told To Review Competing DIP

    At a first-day hearing Thursday, a Texas bankruptcy judge asked debtor Five Star Development LLC to consider an alternative Chapter 11 financing package from a prepetition lender it has accused of fraud and return to court Friday.

  • November 06, 2025

    Tom Girardi's Brother, Bankruptcy Trustee Settle Legal Fees

    The brother of disgraced attorney Tom Girardi and the trustee for their now-defunct law firm, Girardi Keese, have reached an agreement resolving John Girardi's claim seeking legal fees for cases he worked on after leaving the firm, the trustee told the California bankruptcy court.

  • November 06, 2025

    'Matrix' Producer's $18.5M Ch. 11 Sale OK'd Over WB Protest

    Village Roadshow, which produced titles like "The Matrix" and "Joker," can sell its derivative film rights for $18.5 million, a Delaware bankruptcy judge decided, overruling an objection from the debtor's former business partner Warner Bros.

  • November 06, 2025

    Atty Exits Bankruptcy Case Amid Judge Romance Fallout

    The embattled wind-down trustee for defunct life insurance bond seller GWG Holdings in a Houston Chapter 11 case has resigned from the role amid the fallout from her secret romance with a then-bankruptcy judge in the Southern District of Texas.

  • November 06, 2025

    White & Case Leads Restructured Mexican Airline's $223M IPO

    Mexican airline Aeroméxico began trading publicly on Thursday after raising $223 million in its initial public offering, also announcing that it had raised an additional $25 million in a private placement.

  • November 05, 2025

    10th Circ. Revives Yellow's $137M Suit Against Teamsters

    The Teamsters once again must face Yellow Corp.'s allegations that the union drove the trucking company into bankruptcy by holding up a corporate restructuring, with a Tenth Circuit panel reviving Yellow's $137 million breach-of-contract lawsuit against the union Wednesday.

  • November 05, 2025

    First Brands, Creditors Exchange Blows Over DIP Bid

    The unsecured creditors committee for bankrupt auto parts company First Brands objected to the debtor's bid for final postpetition financing approval, saying the proposed arrangement almost solely benefits the lenders and would harm the estate. The debtor and its ad hoc lender group each came to the defense of the request.

  • November 05, 2025

    Fired E-Biz Execs Sue Jackson Walker Over Judge's Romance

    A pair of former executives at e-commerce company Volusion LLC have hit Jackson Walker LLP with the latest in a series of suits accusing the firm of legal malpractice stemming from the undisclosed romance between a former partner and a Texas bankruptcy judge.

  • November 05, 2025

    Home Remodel Group Renovo Files Ch. 7 With $100M+ Debt

    Renovo Home Partners, a company that rolled up home improvement businesses while backed by private equity, has filed for Chapter 7 in Delaware bankruptcy court, declaring up to $500 million in debt across almost 20 affiliates.

  • November 05, 2025

    Luxury Developer Five Star Hits Ch. 11 In Texas

    Five Star Development LLC, a company building a Ritz-Carlton property in Arizona, has filed for Chapter 11 relief in Texas bankruptcy court to gain protection from lender collection actions.

  • November 05, 2025

    Plastics Co. Klöckner Can Tap €610M In Ch. 11 Financing

    A Texas bankruptcy judge Wednesday agreed to grant Klöckner Pentaplast Verwaltungs GmbH, a European plastic packaging maker, interim access to €610 million ($701 million) of its debtor-in-possession funding as it moves toward a pre-planned restructuring.

  • November 04, 2025

    Ignore Circuits, Follow Scalia, Justices Told In Deadlines Duel

    How can a U.S. Supreme Court advocate persuade the justices to spurn the near-universal views of circuit courts? One option appeared Tuesday at arguments over deadlines to vacate judgments, as a Williams & Connolly lawyer invoked Justice Antonin Scalia's influential methods — and seemingly found a receptive audience.

Expert Analysis

  • Ruling Puts 11th Circ. At Odds With Bankruptcy Courts

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    While an Eleventh Circuit majority recently found in BenShot v. 2 Monkey Trading and Lucky Shot USA that corporate debtors, like individuals, face certain exceptions to discharge under a nonconsensual Subchapter V plan, the ruling not only reverses the lower court, but opposes the holdings of many other bankruptcy courts, say attorneys at McDermott.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Series

    Quilting Makes Me A Better Lawyer

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    Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

  • 5 Critical Changes Coming To Bankruptcy Rule 3002.1

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    Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • State AGs Are Turning Up The Antitrust Heat On ESG Actions

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    Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis.

  • Rebuttal

    BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

  • 5 Ways Lawyers Can Earn Back The Public's Trust

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    Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

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