Bankruptcy

  • November 05, 2026

    Tower Asks For Waiver, Clarification Related To Echostar Fund

    A commercial tower landlord has asked the Federal Communications Commission for clarification or a waiver of agency rules governing a trust that EchoStar must use to repay companies related to its bankruptcy case.

  • November 05, 2026

    FitLab Gets OK For $2.5M Ch. 11 Financing Draw

    A Delaware bankruptcy judge Thursday gave fitness business FitLab Inc. interim permission to take out $2.5 million in Chapter 11 financing after hearing the company will be seeking to sell off its assets.

  • November 04, 2026

    True Food Kitchen Gets Another $2M In Ch. 11 Funding

    A Texas bankruptcy judge said Wednesday that he would allow health-focused restaurant chain True Food Kitchen to borrow another $2 million to fund its Chapter 11 case and pay employees.

  • November 04, 2026

    Guo Daughter Says Ch. 11 Trustee Misreads Powers

    The daughter of Chinese exile Miles Guo said that the Chapter 11 trustee who controls her father's bankruptcy estate is conflating two separate sections of the Bankruptcy Code, and she again urged the U.S. Supreme Court to resolve an alleged circuit split and reverse orders that placed $23 million in yacht sale proceeds plus a $37 million escrow into her father's estate.

  • November 04, 2026

    SkyWest Union Latest To Oppose Spirit's Ch. 11 Data Sale

    A union representing flight crew members for SkyWest Airlines has asked a New York bankruptcy court for permission to intervene in the Chapter 11 case of budget airline owner Spirit Aviation Holdings so that it can submit a statement opposing a sale of data to Google.

  • November 04, 2026

    AI-Moderated Social App Hits Ch. 11 With $32M Debt

    WeAre8, a social media platform that uses artificial intelligence to moderate content, has filed for Chapter 11 protection in Delaware with more than $32 million in funded debt and plans to sell all its assets.

  • November 04, 2026

    Judge OKs $353M Bid For Power Plant In Ch. 11

    A Delaware bankruptcy judge has given West Virginia coal plant operator Omnis Pleasants the go-ahead to accept an approximately $353 million baseline bid for its assets in an auction to be held next week.

  • November 03, 2026

    States, Others Back Argentina Sovereign Immunity Challenge

    Fourteen states, a U.S. senator from Missouri and others are urging the U.S. Supreme Court to reverse a Second Circuit decision overturning a New York judge's $16 billion judgment against Argentina in a case that arose from its nationalization of YPF SA, the country's largest oil and gas exploration company.

  • November 03, 2026

    Ashurst Perkins ICap Suit Stayed Amid Bankruptcy Fight

    A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be put on hold pending an outcome in a related bankruptcy dispute.

  • November 03, 2026

    Outback Franchisee Can Tap Ch. 11 Loan To Make Payroll

    The country's largest Outback Steakhouse franchisee received approval Tuesday from a Delaware bankruptcy judge to access part of a $5.5 million Chapter 11 loan so that it can meet an upcoming payroll obligation and keep food and liquor flowing to its restaurants over the next few weeks.

  • November 03, 2026

    Uniroyal Wins Ch. 11 Plan OK Despite Opt-Out Objection

    A legacy unit of defunct tire maker Uniroyal received confirmation of its Chapter 11 plan Tuesday from a New Jersey bankruptcy judge, who overruled an objection from U.S. Trustee's Office to the proposal's opt-out mechanism for obtaining support for third-party releases.

  • November 03, 2026

    Judge Delays Kennedy Center Ruling Until Friday Briefing

    A federal judge Tuesday said he was not inclined to rule just yet on a motion to compel documents and other discovery material related to the closure and attempted renaming of the John F. Kennedy Center for the Performing Arts, citing an impending briefing from the government due Friday.

  • November 03, 2026

    Top Real Estate Atty Joins Goodwin As Weil Winds Down

    A prominent co-leader of the real estate practice at Weil Gotshal & Manges LLP is joining Goodwin Procter LLP as his former firm begins to wind down operations, according to a Tuesday announcement.

  • November 02, 2026

    Vaccine Co. Investors Want Final OK Of $6M Settlement

    Investors of now-bankrupt vaccine company Gritstone Bio Inc. have asked a California federal court to grant final approval to a $6 million settlement resolving claims that its former CEO failed to disclose the company's inability to carry out a $423 million government contract for COVID-19 vaccine research it was granted in 2023.

  • November 02, 2026

    Sports Complex Boss Tagged With $2.2M Restitution Order

    A New York federal judge has ordered the former chief operating officer of an Arizona sporting complex to pay more than $2 million in restitution for his role in a nine-figure bond fraud scheme.

  • November 02, 2026

    Fla. Developer Hits Ch. 11 Following Property Fight Judgment

    Affiliates of ZOM Living, a Florida-based developer of luxury apartment buildings, have filed Chapter 11 papers with about $541 million of unsecured debt, saying the bankruptcy was a "last attempt to save their business and employees' jobs" amid a dispute over a property stemming from another developer's previous bankruptcy that followed a failed deal.

  • November 02, 2026

    Weight Loss Biz Files Ch. 11 With $28M Debt

    A telehealth company focused on weight loss has filed for Chapter 11 protection in Delaware with $28 million in liabilities and a dual-track plan to either sell its assets or reorganize.

  • November 02, 2026

    Cancer Therapy Co. Karyopharm Hits Ch. 11 With Merger Plan

    Pharmaceutical company Karyopharm Therapeutics Inc. on Monday filed for Chapter 11 protection in a Texas bankruptcy court with $441.5 million in debt and a plan to merge with biotechnology firm Ayrmid Ltd.

  • November 02, 2026

    Pennsylvania Healthcare Group Hits Ch. 11 To Sell Hospital

    Holy Redeemer Health System filed for Chapter 11 protection in Pennsylvania to address about $441 million in liabilities, sell its hospital and restructure its senior and life care medical divisions.

  • November 02, 2026

    Outback Steakhouse Franchisee Hits Ch. 11 With $320M Debt

    The operator of 61 Outback Steakhouse franchises in California and the Southwestern states Monday filed for Chapter 11 protection in Delaware with nearly $320 million in secured debt, saying the company had been "fatally undermined" by the COVID-19 pandemic.

  • October 30, 2026

    Law360 MVP Awards Go To Top Attorneys From 89 Firms

    The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.

  • October 30, 2026

    2nd Circ. Rejects Reed Smith's Bid To Halt File Turnover

    The Second Circuit denied Reed Smith LLP's emergency stay request to pause lower court decisions requiring it to turn over client files related to shipping company Eletson on Friday, saying in a succinct order the same day that the bid didn't meet requirements outlined by the U.S. Supreme Court.

  • October 30, 2026

    Jackson Walker Inks $500K Deal In EXCO's Ch. 11 Fee Fight

    Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who mediated in the reorganized oil and gas driller's Texas Chapter 11.

  • October 30, 2026

    Hedge Fund Exec Fights $40M In IRS Foreign Reporting Fines

    A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative rules in imposing fines linked to his bankrupt Texas tycoon father's international accounts.

  • October 30, 2026

    Evergrande Liquidators Ink $513M Deal To Sell Property Stake

    China Evergrande Group's liquidators have agreed to sell a roughly 51% controlling stake in the company's property management arm to a PAG-backed investment vehicle for about HK$4.03 billion ($513 million), with the buyer required to make a cash offer for the remaining shares, according to a joint announcement Friday.

Expert Analysis

  • Series

    Open-Water Swimming Makes Me A Better Lawyer

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    Swimming long distances in open waters is not necessarily an escape from my intellectual property practice, but a complementary discipline that similarly rewards sustained attention, intellectual curiosity, resilience and the ability to pursue a distant objective without losing command of the immediate task, says Christina MacDougall at Morgan Lewis.

  • 3 Factors That Can Make Or Break A Subchapter V Case

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    The Bankruptcy Threshold Adjustment Act may soon increase the debt limit for Subchapter V bankruptcy, making the process available to more business, but their success within it depends on the debtors' efficiency, credibility and accurate financial assessments, say Michael Martinez at Grier Wright and Mary Grasta at Stretto.

  • Opinion

    The Invisible AI Danger That May Undermine Legal Profession

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    A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries, but the bigger risk underlying attorneys’ use of such tools is that they will slowly surrender their judgment to AI and lose analytical skills, says Massachusetts District Court Associate Justice Brian Palmucci.

  • How AI Could Help Judges Spot Their Own Biases

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    In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardrails, say Arnold Peter at Peter Law and Nancy Rapoport at University of Nevada.

  • How Spirit's 1st Bankruptcy Sowed The Seeds Of Its Collapse

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    Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avoided using many of the Bankruptcy Code's most powerful operational tools in favor of a "business as usual" approach, which may have led to the airline's second bankruptcy and ultimate wind-down, say attorneys at Cleary.

  • 3 Strategies To Reduce AI Sycophancy In Legal Work

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    The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attorneys’ confirmation bias when testing the strength of arguments, and it can’t simply be prompted away — but a few practices can help mitigate it, says Michael Ott at Ice Miller.

  • 2nd Circ. EFAA Ruling Shifts Employer Litigation Strategy

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    In Diaz-Roa v. Hermes Law, the Second Circuit recently held that, under the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act, employers can't carve out nonharassment claims and send them to arbitration, which has implications for discovery, litigation costs and resolution strategy in EFAA-covered disputes, say attorneys at Krevolin Horst.

  • Balancing Independence And Costs In Ch. 11 Investigations

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    A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring issue in corporate restructurings: preserving the value of an independent corporate investigation and the investigative authority the Bankruptcy Code gives other constituencies, without making the estate pay twice for the same work, says attorney Kenneth Rosen.

  • Series

    Being In The Peace Corps Made Me A Better Lawyer

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    When I served in the Peace Corps, the people of the West African village where I was stationed helped me acclimate to my new surroundings and enabled me to develop problem-solving, teamwork and empathy skills that have bolstered my legal practice far beyond the ability to offer technical advice, says Brian Bewley at McGuireWoods.

  • Industry On The Rocks: 5 Options For Distressed Alcohol Cos.

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    As the U.S. alcohol industry, long regarded as recession-resistant and reliably profitable, confronts an unprecedented convergence of headwinds, producers, distributors and retailers must assess their financial position and explore the range of available options, including out-of-court restructuring, bankruptcy protection and strategic transactions, say attorneys at Adams & Reese.

  • Bankruptcy Deadlines, Concessions Can Decide Lien Priority

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    The Fifth Circuit's recent decision in Adler v. Energy Debt Holdings warns buyers of secured claims to watch for binding concessions in earlier proceedings and court-imposed lien challenge deadlines, says Jennifer Maleski at Dilworth Paxson.

  • What Lawyers Should Know Before Accepting Crypto Payment

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    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Data Sale In Spirit Bankruptcy Raises Novel Privacy Risks

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    Spirit Airlines' planned sale of deidentified business data to Google for artificial intelligence training exposes gaps in the Bankruptcy Code's privacy guardrails, particularly for employee information, say attorneys at Patterson Belknap.

  • Series

    Mentalism Makes Me A Better Lawyer

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    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • Why And How To Build A Neurodiversity-Informed Practice

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    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

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