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July 17, 2026
The Federal Deposit Insurance Corp. argued during closing arguments in a trial in California federal court that Silicon Valley Bank's 2023 failure was due to excessive financial risk and mismanagement, while SVB countered that its losses were sparked by an "unprecedented" bank run.
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July 17, 2026
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney reactions to the structural issues at the old Pfizer building in New York, a Big Law partner's view of manufactured housing in light of the new federal housing law, and new tactics in data center development as certain states clamp down.
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July 17, 2026
U.S. District Judge Jed S. Rakoff has entered an opinion explaining why he tossed an investor suit last month accusing JPMorgan, Barclays and Fifth Third of facilitating a fraudulent scheme by bankrupt subprime auto lender Tricolor Holdings, saying the suit does not establish the banks' motivations.
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July 17, 2026
The Third Circuit ruled Friday that the bankrupt city of Chester, Pennsylvania, gets to keep income from a casino, a trash incinerator and other sources that secured its debt, finding that its creditors' liens on the revenues did not survive Chester's Chapter 9 filing.
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July 17, 2026
The Seventh Circuit has admonished but declined to sanction an attorney for a brief that included what a judge called "an astonishing number of erroneous and even hallucinated citations."
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July 17, 2026
A Texas bankruptcy judge on Friday conditionally approved Dallas hospital White Rock Medical Center LLC's disclosure statement for its Chapter 11 plan, after a consensus was reached among key creditor constituencies and as the debtor seeks an expedited path toward plan confirmation by September.
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July 16, 2026
A California federal judge has dismissed former and current Fat Brands executives from a proposed class action accusing them and the restaurant group of falsely claiming to be cooperating with the government's investigations into allegations that its CEO orchestrated a $47 million loan scheme, causing stock prices to plunge when criminal charges were announced.
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July 16, 2026
Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ruled, finding that Tilton's private equity firm breached a credit contract.
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July 16, 2026
Michigan's attorney general has accused Climax Solar, its owner and the seven financial institutions that financed consumer purchases of the company's home solar systems of participating in a widespread solar finance scheme that promised customers big savings but resulted in long-term debt.
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July 16, 2026
Bankrupt furniture retailer American Signature Inc. has asked a Delaware bankruptcy judge for permission to sell its potential antitrust claims against Google for about $5.76 million, arguing that converting an uncertain litigation asset into immediate cash is the best way to maximize value for creditors while avoiding the costs and risks of pursuing the claims itself.
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July 16, 2026
A New York bankruptcy court Thursday approved the Chapter 11 plan of Excell Communications Inc., a telecommunications infrastructure developer, after the company's owner agreed to provide $1.3 million for unsecured creditors.
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July 16, 2026
A Texas bankruptcy judge has given the green light to home shopping company QVC Group's Chapter 11 plan to eliminate most of its $6.5 billion in debt, rejecting objections to the proposal, including a challenge from shareholders who sought to file a competing plan.
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July 16, 2026
A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.
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July 15, 2026
Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.
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July 15, 2026
The California federal judge overseeing the bench trial on the Federal Deposit Insurance Corporation's claim that Silicon Valley Bank's officers mismanaged its assets before the bank's 2023 collapse told the two sides on Wednesday to be prepared for interruptions to their closing arguments, saying "I won't be a silent jury."
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July 15, 2026
A New York federal judge has paused Disney's suit accusing Dish Network of improperly offering Sling TV to its subscribers, in order to allow Dish to resolve its bankruptcy issues in Texas, with the judge ordering an update on their status in 90 days.
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July 15, 2026
Affiliates of the former operator of a U.S. Virgin Islands oil refinery have reached a $35 million settlement of proposed class action claims from local residents concerning water contamination from oil releases five years ago.
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July 15, 2026
Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.
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July 15, 2026
A Pennsylvania federal jury found Wednesday that a man accused of threatening to kill judges is not guilty.
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July 15, 2026
In a bid to stop the flow of untraceable firearms into the Garden State, New Jersey Attorney General Jennifer Davenport announced Wednesday that her office sued a Pennsylvania man alleged to be one of the largest suppliers of products used to make ghost guns.
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July 15, 2026
Car parts giant First Brands Group told a Texas bankruptcy judge that it can't keep paying retired employee benefits past the end of July under its Chapter 11 budget, and asked for authority to stop covering life insurance, health insurance and other benefits.
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July 15, 2026
Oncoclínicas do Brasil Servicos Medicos SA, the owner of a number of cancer clinics across Brazil, has announced it is entering into an out-of-court restructuring to address 5.1 billion reais ($1 billion) in unsecured debt.
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July 15, 2026
Weil Gotshal & Manges LLP announced on Wednesday that U.S. restructuring co-chair Matt Barr will assume the newly created role of global restructuring chair.
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July 14, 2026
Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.
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July 14, 2026
The Fourth Circuit ruled Tuesday that a trial court must determine if a $166 million arbitral award against convicted insurance mogul Greg Lindberg can stand under North Carolina law, reversing a lower court's confirmation of the award under the Federal Arbitration Act.