Bankruptcy

  • November 03, 2025

    2nd Circ. Denies Reed Smith Relief In Eletson Discovery Feud

    The Second Circuit has rejected a bid from Reed Smith to pause a lower court ruling ordering the new owner of international shipping company Eletson Holdings to turn over documents requested by competitor Levona Holdings Ltd, finding the law firm failed to make its case to hold off on granting access to the documents.

  • November 03, 2025

    Diamondhead Trustee Gets OK For Jan. Real Estate Sale

    A Delaware bankruptcy judge on Monday gave the trustee overseeing the Chapter 7 of casino developer Diamondhead Casino Corp. the go-ahead to put the vacant proposed casino site on the auction block in January.

  • November 03, 2025

    Foreclosure Fight Puts NYC Gay Bar Balcon Salon In Ch. 11

    A gay bar in Manhattan's Hell's Kitchen neighborhood entered bankruptcy in New York after its largest secured creditor sought to foreclose on it for a bit over $7 million, saying the lender has been unwilling to work out a settlement.

  • November 03, 2025

    Wolfspeed Says Gas Supplier Reneged On Equipment Deal

    Recently bankrupt semiconductor company Wolfspeed Inc. accused a bulk gas supplier in North Carolina federal court of failing to follow through on a contract by not removing gas equipment and suspending service fees.

  • November 03, 2025

    Catching Up With Delaware's Chancery Court

    From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.

  • November 03, 2025

    RV Refrigerator Seller Norcold Hits Ch. 11 With $300M+ Debt

    Norcold LLC, a company that sells refrigerators for recreational vehicles, filed for Chapter 11 protection in Delaware bankruptcy court Monday with more than $300 million in debt and a plan to sell its business to RV components distributor Dave Carter & Associates.

  • October 31, 2025

    MV Realty Will Pay $2.8M To End NJ Suit Lien Agreements

    Florida-based MV Realty has entered into a $2.8 million settlement with New Jersey to resolve a lawsuit claiming it duped cash-strapped homeowners into signing agreements with predatory terms that placed liens on their homes for a one-time cash payment, the state's attorney general's office said Friday.

  • October 31, 2025

    Real Estate Recap: Retail Rebirth, Data Center Outlier, SCIFs

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at how recent big-box store bankruptcies could usher in a retail sector revival, Florida's comparative inertia building data centers, and a rise in the niche asset class known as "sensitive compartmented information facilities."

  • October 31, 2025

    Up Next At High Court: Tariffs, Fugitives & Contractor Liability

    The U.S. Supreme Court will begin its November oral argument session Monday, during which the justices will consider President Donald Trump's authority to impose tariffs on foreign countries under an emergency statute, whether military contractors can be held liable for alleged breaches of contracts in war zones, and if there are time limits for litigants who want to vacate a void judgment. Here, Law360 breaks down the week's oral arguments.

  • October 31, 2025

    Real Estate Co. CBRM Affiliates' Ch. 11s Tossed In NJ

    A New Jersey bankruptcy judge agreed Friday to dismiss the Chapter 11 proceedings for entities connected to troubled real estate group CBRM Realty Inc., diffusing creditors' efforts to have the cases thrown out as bad-faith filings.

  • October 31, 2025

    4th Circ. Denies En Banc Review In Bestwall Ch. 11 Case

    The Fourth Circuit on Thursday declined asbestos claimants' request for an en banc review of a panel ruling in a Georgia-Pacific LLC spinoff's Chapter 11 case, rejecting on an 8-6 vote an argument that the bankruptcy is a sham and blocks victims' access to justice.

  • October 31, 2025

    Slater Blasts Bid To Terminate Boy Scout Case Fees

    Mass tort plaintiffs' firm Slater Slater Schulman LLP is calling a motion seeking to end their contingency fee legal service agreements with sexual abuse claimants in the Boy Scouts of America bankruptcy a baseless attempt to lure away its clients.

  • October 31, 2025

    Fraud Claims Spur Dismissal Bid In First Brands SPV Cases

    Lenders to special purpose vehicle entities tied to auto parts maker First Brands Group asked a Texas bankruptcy judge to dismiss the vehicles' Chapter 11 cases or appoint a trustee, arguing that the entities' managers were improperly replaced and their funds were to be kept apart from First Brands' assets.

  • October 31, 2025

    Insurers Denied Bid To Stay Avon's Ch. 11 Plan For Appeal

    A Delaware bankruptcy judge denied a motion Thursday from insurers at Lloyd's of London to stay Avon Inc.'s Chapter 11 plan while the insurers appeal, finding the insurers had not shown they would be irreparably harmed by the plan taking effect.

  • October 31, 2025

    Ill. Judge Prefers 'Clean' Dismissal Against Ex-Girardi Attys

    An Illinois federal judge told Edelson PC on Friday to either dismiss its conversion case against two former Girardi Keese attorneys in a "clean" and "unadulterated" stipulation or submit legal authority supporting its desire to condition the dismissal on him adopting side agreements the parties outlined in their filing.

  • October 31, 2025

    Office Building REIT Hits Ch. 11 In Texas With $1B+ Debt

    A Massachusetts-based real estate investment trust with 124 office properties nationwide has filed for Chapter 11 protection in a Texas bankruptcy court carrying more than $1 billion in debt and an equity swap agreement with its creditors in hand.

  • October 30, 2025

    Modivcare's Wind-Down Deal With UnitedHealthcare Gets OK

    A Texas bankruptcy judge approved Modivcare's settlement ending its relationship with the health insurance giant UnitedHealthcare, overruling an objection from the medical transport company's official committee of unsecured creditors.

  • October 30, 2025

    NYC Hotel Co. Owners Charged With Fraud Over Loan Scheme

    Two owners of a Brooklyn hotel management company "fraudulently obtained" nearly $2 million worth of COVID-19 relief loans in a wire and bank fraud scheme that stretched from at least March 2020 to April 2022, the federal government alleged in New York federal court on Thursday.

  • October 30, 2025

    NC Judge Won't Order CEO's Arrest In Pool Company Dispute

    A North Carolina federal judge refused to further sanction a Chinese manufacturer on Wednesday after an American rival accused it of sidestepping court orders that seek information in fulfillment of a judgment exceeding $17 million.

  • October 30, 2025

    Pension Fund Says Yellow Plan Can't Reserve Claim Argument

    A Teamsters pension fund is urging the Delaware bankruptcy court to reject Yellow Corp.'s liquidation plan, arguing the trucking company is reserving potential arguments against the fund's $17.8 million claim that have already been resolved and discharged.

  • October 30, 2025

    Ethics Atty Says Tattler's Timing Supports 'Blackmail' Threat

    A Pennsylvania attorney told a Florida bankruptcy court that debtors he'd been trying to collect from for years had unreported assets, just days after he allegedly threatened their lawyer that he would do so if they didn't pay up, state ethics watchdogs told a disciplinary panel Thursday.

  • October 30, 2025

    Asbestos Corp. Gets Ch. 15 Nod Over Claimants' Concerns

    A New York bankruptcy judge granted Chapter 15 recognition for Asbestos Corp. Ltd.'s Canadian restructuring over the objection of personal injury claimants and a Chapter 7 trustee, finding that the corporation's business activity in Canada outweighs its management of litigation in the U.S.

  • October 29, 2025

    Judge Says He Will End Oakland Diocese Ch. 11 By Nov. 12

    A California bankruptcy judge said Wednesday he will grant a request by the Roman Catholic Diocese of Oakland to bow out of a Chapter 11 case it started two years ago by mid-November, but rejected calls from creditors to rule the bankruptcy had been filed in bad faith.

  • October 29, 2025

    Hertz Urges Del. Justices To Reverse $170M Insurance Ruling

    Hertz Corp. urged the Delaware Supreme Court Wednesday to overturn a lower court's ruling that freed the car rental giant's insurers from covering $170 million in false-arrest settlements, arguing the settlements all stemmed from a faulty theft-reporting system and trigger just one self-insured retention.

  • October 29, 2025

    Claire's Gets OK To Exit Ch. 11 After Sale To Ames Watson

    Jewelry retailer Claire's on Wednesday won a Delaware bankruptcy judge's approval of a plan to exit Chapter 11 after selling most of its North American business to private equity firm Ames Watson last month.

Expert Analysis

  • 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.

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

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    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

  • Opinion

    Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • Series

    Playing Soccer Makes Me A Better Lawyer

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    Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.

  • Series

    Law School's Missed Lessons: Learning From Failure

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    While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.

  • 23andMe Fine Signals ICO's New GDPR Enforcement Focus

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    Many of the cybersecurity failures identified by the Information Commissioner’s Office in its investigation of 23andMe, recently resulting in a £2.3 million fine, were basic lapses, but the ICO's focus on several new U.K. General Data Protection Regulation considerations will likely carry into the future, say lawyers at Womble Bond.

  • Series

    Adapting To Private Practice: From ATF Director To BigLaw

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    As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.

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