Bankruptcy

  • June 11, 2026

    23andMe To Pay $46.7M To Resolve Data Breach Claims

    The plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe has struck a deal to pay $46.7 million to data breach claimants, saying the move brings 23andMe one step closer to resolving the fallout of a massive data breach in 2023.

  • June 11, 2026

    NY Power Plant Hits Chapter 11 After Nixing Revamp Plans

    Danskammer Energy, a Hudson Valley power plant operator, filed for Chapter 11 bankruptcy in Delaware, nearly two years after it pulled the plug on redevelopment plans that faced legal challenges and community pushback.

  • June 11, 2026

    Miss America CEO Wants Ex-Atty Barred From Court

    The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

  • June 11, 2026

    Quinn Emanuel Settles International Oil Feud With Ex-Client

    Quinn Emanuel and a Mexican oil company told a Miami federal court they have reached a settlement in a bitter dispute stemming from the firm's representation of the company amid a New York bankruptcy, resolving claims in U.S., Mexican and Singaporean courts.

  • June 11, 2026

    Justices Reject 5th Circ. Estoppel Ruling In Ch. 13 Case

    The U.S. Supreme Court on Thursday vacated and remanded a Fifth Circuit ruling that let judicial estoppel bar a Chapter 13 debtor from pursuing tort litigation after he failed to disclose the claim to a bankruptcy court, deciding that the circuit court did not consider the totality of the facts and circumstances of the case.

  • June 10, 2026

    QVC Seeks Ch. 11 Plan OK Over Shareholder Complaints

    QVC Group and its creditors on Wednesday traded shots with preferred shareholders before a Texas bankruptcy judge in closing arguments on confirmation of the shopping channel's Chapter 11 plan, sparring over whether a deal on intercompany claims was reached fairly.

  • June 10, 2026

    Alachua Wants DOD's $147M Chapter 11 Claim Slashed To $5M

    Biotech group Alachua Government Services asked a Delaware bankruptcy judge to trim the U.S. Department of Defense's Chapter 11 claim by $142 million, saying the government relied upon inapplicable federal regulations in claims connected to rejected contracts.

  • June 10, 2026

    Rakoff Frees Big Banks From Investors' Tricolor Fraud Suit

    U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.

  • June 10, 2026

    FlexShopper Pushes For Mediation Of Ch. 11 Plan Issues

    Bankrupt rent-to-own company FlexShopper Inc. told a Delaware judge Wednesday that mediation would be the best option to address disputes over the distribution of its remaining assets under a Chapter 11 plan.

  • June 10, 2026

    Spirit Gets Initial OK To Pay Exec Bonuses Amid Wind-Down

    A New York bankruptcy judge on Wednesday said he was likely to approve Spirit Airlines' request to pay three executives up to roughly $1.9 million in potential bonuses as Spirit works to sell its remaining assets and shutter the business.

  • June 10, 2026

    DOJ Says Student Borrowers' Suit Is Moot After Rule's Vacatur

    The Trump administration is urging a D.C. federal judge to toss a lawsuit seeking to revive the Biden-era SAVE student loan repayment rule, arguing that the case is moot because there is no rule left to enforce after the Eighth Circuit ordered the plan vacated in March.

  • June 09, 2026

    Crystallex Warns Of Delay Tactic In Citgo Sale Appeal

    Defunct Canadian miner Crystallex on Friday urged the Third Circuit to order Venezuela's counsel to prove its authority as the country challenges an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of its debt, pointing to the new administration of Delcy Rodriguez.

  • June 09, 2026

    Philly Violated Cornerstone Of Bankruptcy Law, 3rd Circ. Says

    The Third Circuit on Tuesday revived part of a pro se debtor's long-running bankruptcy fight against Philadelphia holding the city must face civil contempt sanctions for collecting on a lien after his debt was discharged, saying it "violated" one of the "historic cornerstones" of bankruptcy, which is a discharge's finality.

  • June 09, 2026

    FDIC's Hill Eyes Resolution Planning, Assessment Changes

    Federal Deposit Insurance Corp. Chairman Travis Hill said Tuesday that his agency will seek to dial back its living-will requirements for large banks and recalibrate how it charges for deposit insurance, part of a broader push to rethink the agency's approach to handling bank failures.

  • June 09, 2026

    Judge Indicates OK For Prince Global Liquidators' Ch. 15 Bid

    A New York bankruptcy judge said he would grant recognition of the British Virgin Islands insolvency proceeding of Prince Global Holdings, which is part of a Cambodian conglomerate accused of running a massive fraud and human trafficking ring.

  • June 09, 2026

    McKesson, Rite Aid Trust Clash Over Ch. 11 Claims Transfer

    McKesson locked horns Tuesday in New Jersey bankruptcy court with a trust created by Rite Aid's first Chapter 11 plan over whether the medication supplier must hand over antitrust claims against pharmaceutical companies.

  • June 09, 2026

    Columbia Bank Must Face Suit Over $230M Ponzi Scheme

    A Washington federal judge on Tuesday preserved a bankruptcy trust's lawsuit against Columbia Bank, finding that the trust adequately alleged the bank helped a real estate business' former operators run a $230 million Ponzi scheme.

  • June 09, 2026

    Sand Miners Say They Are Nearing Ch. 11 Sale Deal

    Two bankrupt fracking sand miners on Tuesday asked a Texas bankruptcy judge for one more week to reach a deal for a cash offer outbidding the current $21 million stalking horse credit bid for their businesses.

  • June 09, 2026

    The Law360 400: A Look At The Top 100 Firms

    The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

  • June 08, 2026

    Judge Awards $2.2M In Sanctions In $500M Miss America Spat

    A Florida businessman who claims that he owns the Miss America pageant and his attorney were ordered Monday to pay $2.2 million in sanctions for submitting fraudulent documents in a $500 million dispute over ownership of the pageant and using them to put the company into bankruptcy.

  • June 08, 2026

    Denver Developer Accused Of Lies To Dodge Loan Repayment

    A real estate investment firm has claimed in Colorado state court that a Denver developer lied numerous times to refinance on three occasions a promissory note governing the development of a residential lot on the north side of the city, alleging that the developer owes nearly $380,000 in damages.

  • June 08, 2026

    Fed. Circ. Panel Backs Invalidation Of OxyContin Patent

    The Federal Circuit on Monday upheld a Delaware federal court's decision that deemed invalid a Purdue Pharma patent covering an abuse-deterrent version of the opioid OxyContin, rebuffing the company's arguments that the lower court got its obviousness analysis wrong.

  • June 08, 2026

    Liability Insurer Owes $1M On $13M Botched Surgery Verdict

    A medical professional liability insurer will pay its $1 million policy limit toward a $13 million verdict against a Washington state doctor in a botched cosmetic surgery case, a federal judge has ruled.

  • June 08, 2026

    First Brands Pitches New Ch. 11 Plan To Avoid Liquidation

    Car parts maker First Brands Group on Monday touted a new Chapter 11 plan in Texas bankruptcy court about two weeks after a judge denied its bid to take votes on its previous effort, saying the new version gives creditors more time to vote and encompasses all the First Brands debtors instead of just one.

  • June 08, 2026

    Window Co. Hits Ch. 11 With $10M Debt, $875K Union Claim

    Pennsylvania window company Graboyes LLC has filed a Chapter 11 petition citing more than $10 million in liabilities, including $2.1 million in disputed loans and an $876,000 "note payable" to the International Union of Painters and Allied Trades District Council 21.

Expert Analysis

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • Time Limit Case Highlights How Justices Apply Federal Rules

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    In Coney Island Auto Parts Unlimited v. Burton, the U.S. Supreme Court sided with the minority in a circuit split on when a litigant can seek relief from an allegedly void judgment — but the decision's most important lessons may be about the high court's interpretive approach to the Federal Rules of Civil Procedure, say attorneys at McDermott.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • Why SDNY May Be Dusting Off The Financial Kingpin Statute

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    The Southern District of New York’s recent fraud indictments against executives of bankrupt companies Tricolor and First Brands have seemingly revived the Continuing Financial Crimes Enterprise statute, and if the cases succeed, prosecutors across the country will have ample reason to reach for this long-dormant tool, say attorneys at Lankler Siffert & Wohl.

  • Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

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    The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

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