Bankruptcy

  • February 02, 2026

    Data Co. Seeks Liquidation With $194M Debt

    Marketing research company Premise Data has filed for Chapter 7 liquidation in Delaware bankruptcy court, listing $194 million of debt and seeking to wind down after selling what it says was the most viable portion of its business.

  • February 02, 2026

    ArentFox Schiff Taps Bankruptcy Ace To Lead LA Office

    ArentFox Schiff LLP has tapped a longtime bankruptcy attorney to be the new leader of its Los Angeles office.

  • February 02, 2026

    Fenwick Reaches Deal In FTX Crypto Scam Suit

    Fenwick & West LLP and victims of the infamous FTX Trading Ltd. cryptocurrency scam are working toward a settlement in a case over the firm's alleged role in the trading platform's collapse.

  • February 02, 2026

    Ropes & Gray Hires 4 Restructuring Attys From Fried Frank

    Ropes & Gray LLP announced on Monday that its new global restructuring group chair is a former Fried Frank Harris Shriver & Jacobson LLP partner who arrives at the firm alongside three of her colleagues.

  • February 02, 2026

    Urgent Care Co. Carbon Health Hits Ch. 11 With $100M+ Debt

    Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.

  • February 02, 2026

    Oilfield Co. Nine Energy Hits Ch. 11 To Cut $320M In Debt

    Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.

  • January 30, 2026

    Atty Defends Retyped Docs In $500M Miss America Feud

    A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not false but retyped versions of the originals after his laptop was stolen on a trip to Ecuador.

  • January 30, 2026

    Real Estate Recap: Build-To-Rent, Apollo, Boston

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including takeaways for the build-to-rent sector following a recent executive order on Wall Street investment in the single-family market, Apollo REIT's $9 billion portfolio sale, and a view of Boston from the chair of a BigLaw real estate practice.

  • January 30, 2026

    Creditors Given Weekend To Review Saks Off 5th Closures

    A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but not until Monday at the earliest.

  • January 30, 2026

    Fannie Mae Blasts Bid To Regain Minn. Apartment Control

    Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, given that it's already copped to misappropriating rents mid-bankruptcy proceedings.

  • January 30, 2026

    Reed Smith Brings On Gibson Dunn In $102M Award Feud

    Reed Smith LLP has told a New York federal court that it has retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture involving international shipping company Eletson Holdings.

  • January 30, 2026

    Boies Schiller Lands Grant & Eisenhofer Bankruptcy Leader

    Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.

  • January 29, 2026

    J&J, Talc Unit Get Patients' Bankruptcy Fraud Claims Tossed

    A New Jersey federal judge Thursday tossed a proposed class action brought by cancer patients who allege that Johnson & Johnson's maneuvers to settle thousands of tort claims through Chapter 11 involved fraud, saying the plaintiffs have not asserted an injury that confers standing to sue.

  • January 29, 2026

    Ex-Synapse Compliance Chief Settles FINRA Supervisory Case

    The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.

  • January 29, 2026

    Luminar Sues Semiconductor Co. To Recover On $2.2M Loan

    Bankrupt self-driving vehicle technology developer Luminar Technologies has hit Next Semiconductor with a suit in Texas bankruptcy court alleging the chipmaker has defaulted on a $2.2 million loan while "wrongly" suggesting Luminar's Chapter 11 proceedings somehow exempt it from paying the debt. 

  • January 29, 2026

    Wolfspeed Says Jaguar Land Rover Reneged On Supply Deal

    North Carolina-based chipmaker Wolfspeed Inc. has accused Jaguar Land Rover of refusing to pony up payments under a supply agreement for allegedly underbuying products last year, saying the automotive giant can't use slowdowns elsewhere as an excuse for its nonpayment.

  • January 29, 2026

    NASCAR Supplier Accuses Brembo Of Extortion Over Debt

    A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owned by the distributor's majority shareholder, a North Carolina federal court heard.

  • January 29, 2026

    Saks To Close 57 Saks Off 5th Stores In Bankruptcy

    Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11.

  • January 29, 2026

    Bankruptcy Group Of The Year: Paul Weiss

    Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state regulators, earning the firm a place among the 2025 Law360 Bankruptcy Groups of the Year.

  • January 29, 2026

    Former First Brands Execs Indicted On Fraud Charges

    Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.

  • January 29, 2026

    Mo. Packaging Co. Files For Ch. 11 To Reduce Debt By $900M

    Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by more than $900 million.

  • January 29, 2026

    Global Label Maker Multi-Color Hits Ch. 11 With $5.9B Debt

    Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a New Jersey bankruptcy court with an agreement in place to trim $3.9 billion of its $5.9 billion in debt.

  • January 28, 2026

    $3.1M Legal Fee At Heart Of Latest Feud In Citgo Sale Saga

    A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auctioning off Citgo to satisfy billions of dollars' worth of Venezuelan debt.

  • January 28, 2026

    Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation

    An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits.

  • January 28, 2026

    Del. Court Presses Norcold On Insider Bankruptcy Sale

    A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outside of a Chapter 11 plan, a transaction critics say would extinguish valuable litigation claims and leave the estate administratively insolvent.

Expert Analysis

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • 2 Rulings Showcase Fuzzy Limits Of 'Related To' Jurisdiction

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    The Fifth and Ninth Circuits recently handed down decisions, in Sanchez Energy and Sawtelle Partners, respectively, reminding practitioners that bankruptcy court jurisdiction over lingering disputes is not guaranteed, regardless of whether confirmation orders contain specific "retention of jurisdiction" language, says Brian Shaw at Cozen O’Connor.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • Series

    Hosting Exchange Students Makes Me A Better Lawyer

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    Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

  • How A 1947 Tugboat Ruling May Shape Work Product In AI Era

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    Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

  • NJ Ruling Sheds Light On When 'Stub Rent' Must Be Paid

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    A New Jersey bankruptcy court's recent decision in New Rite Aid affirms that landlords can have "stub rent" treated as an administrative expense and highlights critical considerations for debtors, including the importance of deciding when and where to file for bankruptcy, say attorneys at Cleary.

  • Navigating Privilege Law Patchwork In Dual-Purpose Comms

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    Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.

  • Cannabis Industry Faces An Inflection Point This Year

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    Cannabis industry developments last year — from the passage of a new wholesale tax in Michigan, to an executive order accelerating the federal rescheduling process — presage a more mature phase of legalization this year, with hardening expectations and enforcement to come, says Alex Leonowicz at Howard & Howard.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q4

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    The regulatory and litigation developments for California financial institutions in the fourth quarter of 2025 were incremental but consequential, with the Department of Financial Protection & Innovation relying on public enforcement actions to articulate expectations, and lawmakers and privacy regulators playing a role as well, says Stephen Britt at Stinson.

  • Series

    Fly-Fishing Makes Me A Better Lawyer

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    Much like skilled attorneys, the best anglers prize preparation, presentation and patience while respecting their adversaries — both human and trout, says Rob Braverman at Braverman Greenspun.

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