QVC Defends Ch. 11 Plan Against Shareholder Objection

By Ben Zigterman

QVC Group Inc. defended its Chapter 11 plan at the beginning of a multiday confirmation hearing, calling it the result of a robust, good-faith process and arguing that a competing proposal from objecting preferred shareholders would lead to years of litigation.

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Texas Oil Exec Mulacek Hits Ch. 11 With $210M Judgment Debt

By José Luis Martínez

Empire Petroleum Corp. Chairman Philippe Mulacek filed a Chapter 11 petition Thursday, pausing enforcement efforts against him over a more than $210 million judgment in a long-running Texas federal court fight with Swiss financier Carlo Civelli.

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Inotiv Gets Cash Access To Pursue Ch. 11 Prepack Track

By Vince Sullivan

Bankrupt drug research and development company Inotiv Inc. received interim approval on Thursday to access a $25 million bankruptcy loan as it pursues a prepackaged balance sheet restructuring in Texas court.

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Maverick Gaming Reaches SBA Settlement Over COVID Loans

By Ganesh Setty

Casino operator Maverick Gaming told a Texas bankruptcy court it has arrived at a settlement with the U.S. Small Business Administration over its lawsuit seeking forgiveness for COVID-19 pandemic loans, a deal that would allow SBA proofs of claim as general unsecured claims.

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Brief

Wind Co. Gets OK On Ch. 11 Plan And $129M Sale

By Emily Lever

A Texas bankruptcy judge has approved bankrupt wind energy company Shannon Wind's $129.5 million sale and its Chapter 11 liquidation plan.

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Rusoro Says Gold Reserve Can't Blame It For Failed Citgo Bid

By Jarek Rutz

Rusoro Mining Ltd. urged the Delaware Chancery Court on Thursday to dismiss Gold Reserve Ltd.'s lawsuit over a failed bid for Citgo Petroleum Corp.'s parent company, arguing the case is an improper attempt to interfere with a federal court auction that already ended with the approval of a competing bid.

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2nd Circ. Rejects Bid To Rehear $16B YPF Argentina Ruling

By Caroline Simson

The Second Circuit will not review its decision this year reversing a New York judge's $16 billion judgment against Argentina arising from its nationalization of YPF SA, the country's largest oil and gas exploration company, despite arguments that the ruling was "profoundly misguided."

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Series

Competing At Poker Makes Me A Better Lawyer

Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

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Quinn Emanuel, Texas Boutique Match Milbank Associate Pay

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP and a Texas-based litigation boutique are the latest firms to match Milbank LLP's pay hikes for associates, with annual increases of $10,000 to $20,000 that top off at $455,000.

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Blanche's AG Bid Could Face Rocky Path In Senate

By Courtney Bublé

Acting Attorney General Todd Blanche will be tapped for the permanent role, but he might not have a smooth path to confirmation.

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Goldstein Seeks Sentencing Delay, Citing New Tax Claims

By Jared Foretek

SCOTUSblog founder Thomas Goldstein renewed his push Wednesday in Maryland federal court for a delayed sentencing, saying prosecutors blindsided his defense by including additional uncharged years of alleged tax avoidance in the government's sentencing memorandum.

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Georgia Fed. Judge Facing Impeachment Threat, New DQ Bid

By Emily Johnson

A Georgia federal judge reportedly disciplined for having sexual intercourse in her chambers and attending a political event is facing renewed pressure, as a former UPS employee seeks her disqualification from his dismissed racial discrimination lawsuit and a Georgia congressman drafts articles of impeachment to remove her from the bench.

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Deepfake Mocks Judge Spearheading Judiciary Deepfake Rule

By Jeff Overley

The New York federal judge developing policies for phony audiovisual materials revealed Thursday firsthand experience with the subject: an artificial intelligence video on social media that depicts him as a maniacal Nazi who recently sentenced a private equity executive to prison "for being a Republican."

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Analysis

'Parallel' DOJ, SEC Investigations Not So Parallel Anymore

By Phillip Bantz

The level of coordination between the U.S. Department of Justice and the U.S. Securities and Exchange Commission has decreased under the Trump administration, resulting in disjointed investigatory efforts and misaligned timing in parallel investigations, experts say.

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'Kentucky Hammer' Tries To Control Attys, PI Market, Suit Says

By James Boyle

The principal attorney of personal injury firm Isaacs & Isaacs PCS, who advertises as the "Kentucky Hammer," has been accused by a former attorney at the firm of bullying his employees into signing unfavorable contracts and attempting to monopolize the local personal injury market.

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Baker Donelson Seeks 'No Recovery' Ruling In Ponzi Fallout

By Emily Sawicki

Baker Donelson Bearman Caldwell & Berkowitz PC on Thursday asked a Mississippi federal court to issue a single check-box form ruling that states the firm does not owe a monetary judgment stemming from a jury's verdict finding it committed negligent supervision amid a timber company's nine-figure Ponzi scheme, which was perpetrated in part by two of the firm's then-partners.

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Calif. Bar Accuses More Attys In Unlicensed Practice Scheme

By Lauren Berg

Three more attorneys at the Los Angeles personal injury firm facing investigation for its involvement in a record $4 billion sex abuse settlement against Los Angeles County are facing disciplinary charges by the State Bar of California, alleging the firm illegally practiced law outside the state.

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NY AG Must Preserve Cohen Docs In Trump's Civil Fraud Case

By Frank G. Runyeon

The New York state trial court judge overseeing President Donald Trump's civil fraud case granted his request to preserve notes from private meetings between state litigators and Trump's former attorney Michael Cohen after the key witness said he felt "pressured" to testify.

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SEC Disgorgement Powers Stay Intact After High Court Fight

By Jessica Corso

The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

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Titan Of The Plaintiffs Bar: Robbins Geller's David Knotts

By Sydney Price

Right after graduating from Cornell University Law School, David Knotts, a native of Kansas City, Missouri, landed at one of the world's largest corporate defense firms.

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