Bankruptcy

  • April 28, 2026

    Flipcause Converted To Chapter 7 After Sale, Creditor Deal

    A Delaware judge Tuesday agreed to convert the bankruptcy of charity financial technology group Flipcause to a Chapter 7 liquidation after its Chapter 11 trustee sold its assets and reached a settlement with creditors.

  • April 28, 2026

    North Carolina HBCU Hits Ch. 11 With Over $50M In Debt

    Saint Augustine's University, one of the nation's oldest historically Black colleges and universities, has filed for Chapter 11 protection in North Carolina bankruptcy court with up to $100 million in liabilities, nearly a year after losing its accreditation.

  • April 28, 2026

    Retail Data Firm Can Tap $34.2M DIP As It Plans Ch. 11 Sale

    A Texas bankruptcy judge Tuesday gave interim approval to Wiser Solutions Inc.'s $34.2 million debtor-in-possession loan, freeing up $4.2 million in new funds as the retail data software company eyes a June Chapter 11 auction.

  • April 27, 2026

    Reed Smith Targeted In Eletson Gas Ownership Fracas

    Reed Smith LLP and two of its partners are facing a $262 million lawsuit in a long-running and bitter dispute over ownership of an international gas shipping company, as well as other issues that remain unresolved following the vacatur of an underlying $102 million arbitral award for fraud.

  • April 27, 2026

    Retail Data Co. Wiser Solutions Hits Ch. 11 With $563M In Debt

    Wiser Solutions, a software company that collects data from retailers, has filed for Chapter 11 protection in Texas bankruptcy court with about $563 million in debt and plans to sell its business to its main lender.

  • April 27, 2026

    Kitchen Design Co. Abruptly Hits Ch. 7 With $100M+ Liabilities

    Wren US Holdings Inc., a kitchen design firm based in the northeastern United States, has filed for Chapter 7 liquidation in Delaware, citing between $100 million and $500 million each of assets and liabilities.

  • April 27, 2026

    3rd Circ. Panel Once Again Backs Talc Co. Whittaker's Ch. 11

    The Third Circuit on Monday upheld its decision that Whittaker Clark & Daniels was authorized to file for Chapter 11 and certain claims against the defunct talc supplier's corporate successor belong to the debtor, not personal injury claimants.

  • April 27, 2026

    Flagstar Bank Wins Liability Ruling Against Ex-Live Well Exec

    A Michigan federal judge Monday granted Flagstar Bank's bid for summary judgment on liability for its civil conspiracy claim against a former executive of reverse-mortgage company Live Well, finding his guilty plea admissions in a related criminal case established that he joined a scheme to mislead lenders through inflated bond valuations.

  • April 27, 2026

    Albright Exits Verizon Case Over Ties To Patent Owner

    U.S. District Judge Alan Albright has dropped out of overseeing a case in which Verizon is suing a patent holding company for allegedly trying to dodge a more than $500,000 attorney fee award, citing communications with the patent holder from a decade ago.

  • April 27, 2026

    Pool Co. Wins Extra $1.3M In Atty Fees For Unpaid Judgment

    Attorneys from McCarter & English LLP, Womble Bond Dickinson and Georgiou Partnership LLP who represent a U.S.-based swimming pool parts manufacturer won an additional $1.3 million in attorney fees for their efforts to collect a more than $17 million judgment against a Chinese rival.

  • April 27, 2026

    Justices Skip Live Well Founder's Bond Fraud Conviction

    The U.S. Supreme Court on Monday declined to review the conviction of Live Well Financial founder Michael Hild for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it.

  • April 24, 2026

    Real Estate Recap: Insurance Allure, People Pinch, Blackstone

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an alluring source of capital for real estate investment trusts, how competition for skilled workers may hamper data center development, and Blackstone Inc.'s take on the first quarter of the year.

  • April 24, 2026

    Spirit Execs Say Investor Suit Can't Lean On 'Hindsight'

    Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid two bankruptcy filings, saying an investor failed to allege any misleading statements and instead relied on impermissible "fraud-by-hindsight" allegations.

  • April 24, 2026

    Rakoff Tosses Securities Fraud Claims Against Coinbase

    U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem.

  • April 24, 2026

    9th Circ. Won't Renew Wash. Developer's Suit Against County

    A Ninth Circuit panel declined Friday to resurrect a Washington developer's lawsuit accusing Whatcom County officials of violating its constitutional rights by scaling back a housing development plan, concluding that the firm hasn't shown a protected stake in the property that it offloaded during Chapter 11 bankruptcy proceedings.

  • April 24, 2026

    Jane Street Slams Terraform's Insider Trading Claims

    Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.

  • April 24, 2026

    Big Banks Say Investors' Beefed-Up Tricolor Claims Still Fail

    JPMorgan, Barclays and Fifth Third doubled down on their bid to dismiss an investor suit accusing them of facilitating an alleged auto loan fraud by Tricolor Holdings, saying they were also blindsided by Tricolor's actions.

  • April 24, 2026

    Fox Rothschild Lands Restructuring Ace From Riker Danzig

    Fox Rothschild LLP gained a former longtime Riker Danzig LLP partner in its financial restructuring and bankruptcy department with experience in complex restructurings, corporate trust matters and more, the firm announced this week.

  • April 24, 2026

    Top Restructuring Atty Joins Kirkland From Wachtell Lipton

    Kirkland & Ellis LLP announced this week that it has hired the head of Wachtell Lipton Rosen & Katz's finance and restructuring practices, calling him a "leader in the field of liability management."

  • April 23, 2026

    Davis Polk To Launch Appellate Practice With Paul Weiss Pair

    Two experienced Paul Weiss Rifkind Wharton & Garrison LLP appellate litigators are leaving to launch a U.S. Supreme Court and appellate practice at Davis Polk & Wardwell LLP, a firm spokesperson confirmed to Law360 on Thursday.

  • April 23, 2026

    Honeywell Beats Suit Over Russian Legal Fee Advancement

    The Delaware Chancery Court has recommended dismissing a former Honeywell executive's bid to force the company to cover his legal bills tied to Russian proceedings, finding that he failed to follow key contractual steps required to trigger such payments.

  • April 23, 2026

    Cinemex Offers $6M For Movie Theater Co. IPic In Ch. 11

    Bankrupt dine-in movie theater chain iPic Theaters LLC has received a $6 million offer for its assets from Cinemex, a competitor aiming to supplant stalking horse bidder Star Grill Cinema Inc.

  • April 23, 2026

    Ch. 11 Trustee To Take Over NY Personal Injury Law Firm

    A New York judge has agreed to appoint a Chapter 11 trustee to take over the estate of bankrupt personal injury firm Munawar Law Group PLLC following an examiner's report showing that the firm's principal may have made up to $6 million in fraudulent transfers.

  • April 23, 2026

    Spirit In 'Advanced' Talks With Gov't For Ch. 11 Financing

    Spirit Aviation is in "very advanced discussions" on a government-funded financing package after the war in Iran derailed its second Chapter 11's plans, one of the budget airline's attorneys said at a Thursday bankruptcy hearing in New York.

  • April 23, 2026

    Prosecutor's Office Slips Contractors' Due Process Claims

    A New Jersey federal judge on Thursday tossed a suit brought against the Ocean County Prosecutor's Office by two contractors alleging they were illegally targeted in a criminal investigation over a business rivalry with an assistant prosecutor, ruling that the suit's remaining claims are time-barred.

Expert Analysis

  • How Hyperlinks Are Changing E-Discovery Responsibilities

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    A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

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    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Series

    Writing Musicals Makes Me A Better Lawyer

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    My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.

  • Series

    Adapting To Private Practice: From Va. AUSA To Mid-Law

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    Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.

  • 7 Document Review Concepts New Attorneys Need To Know

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    For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • Bankruptcy Courts May Offer Relief For Tariff-Driven Distress

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    The Bankruptcy Code and the customs laws interact in complex ways that make bankruptcy a powerful, albeit limited, tool for companies that are dealing with tariff-related financial distress, says Eitan Arom at KTBS Law.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

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