A group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October.
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WEDNESDAY, AUGUST 27, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Puerto Rico Utility Bondholders Say They'll End Reorg Deal

By Rick Archer

A group of Puerto Rican electric utility bondholders have told a New York federal judge they will pull out of a three-year-old deal to support the utility's proposed restructuring plan if it is not confirmed by October.

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Canadian Tobacco Co.'s Tort Deal Gets US Recognition

By Rick Archer

A New York bankruptcy judge Tuesday granted U.S. recognition to the restructuring of one of Canada's largest tobacco distributors as part of its participation in a CA$32.5 billion ($23.59 billion) settlement of Canadian tobacco lawsuits.

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SEC Says Nikola's Ch. 11 Plan Mischaracterizes $80M Penalty

By Vince Sullivan

The U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if it were a damages claim behind other unsecured creditors in the priority scheme.

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UpHealth Strikes Chapter 11 Deal With Glocal

By Yun Park

Bankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement resolving Indian company Glocal Healthcare's $200 million adversary proceeding in a bitter feud over an ill-fated merger. 

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CHAPTER 11

Pioneer Health Objects To Banker's Ch. 11 Fee Application

By Emlyn Cameron

Clinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout hinged on a sale Pioneer never fully carried out.

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GWG Wind-Down Trustee Fights Ethics Scandal Removal Bid

By Clara Geoghegan

A Texas bankruptcy lawyer hit back at efforts to oust her as the wind-down trustee for GWG Holdings, saying her involvement in a judicial ethics and romance scandal is unrelated to her work for the former life insurance bond seller.

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PRACTICAL GUIDANCE

From Clerkship To Law Firm: 5 Transition Tips For Associates

Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

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LEGAL INDUSTRY

Feature

How This Firm Hit Its Stride With 9-Figure Patent Verdicts

By Theresa Schliep

When several Russ August & Kabat attorneys secured a $122 million jury verdict for a client in an advertising patent infringement case against Amazon last summer, they kicked off a streak of nine-figure verdicts for the firm, including a $175 million win last month in front of a Texas federal jury.

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Legal Funding Firm Cartiga To Go Public Via $540M SPAC Deal

By Jade Martinez-Pogue

Blank check company Alchemy Investments Acquisition Corp. 1, led by Loeb & Loeb LLP, has announced plans to acquire and take public legal-focused asset management platform Cartiga LLC, advised by Nelson Mullins Riley & Scarborough LLP, in a $540 million deal.

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Joseph Nocella Jr. Appointed US Attorney For EDNY

By Rae Ann Varona

Joseph Nocella Jr. on Tuesday was reportedly appointed as the U.S. attorney for the Eastern District of New York, having served as the district's interim top prosecutor since early May.

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Willig Williams Atty Named Philly Leader Of Labor Group

By James Boyle

An attorney at Willig Williams & Davidson's Philadelphia office with more than 15 years of experience representing workers has been tapped to lead the city's branch of the Labor and Employment Relations Association through next spring.

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DOJ Terrorism Prosecutor Joins Stris & Maher As DC Partner

By Jack Rodgers

California-headquartered Stris & Maher LLP said Tuesday it has hired a former national security attorney from the U.S. Department of Justice, who joined the firm after ending a trial in which the government proved a Michigan man experimented with bomb making in support of ISIS.

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Fla. Jury Hears Money Trail In Law Professor's Murder Trial

By David Minsky

Multiple witnesses were called to the stand in Florida state court Tuesday in the trial of a woman accused of masterminding a conspiracy involving hiring hitmen to murder a law professor amid a custody dispute over her grandchildren, telling jurors about financial transactions that occurred before and after the killing.

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Fed's Lisa Cook Preps Lawsuit Over Trump Firing

By Sarah Jarvis

Federal Reserve Gov. Lisa Cook is preparing to file a lawsuit over President Donald Trump's announcement that she has been terminated from her position, allegedly for committing mortgage fraud, her lawyer said Tuesday.

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Judge Axes Habeas Suit, Tells DOJ To Use 'Proper' Forum

By Emily Sawicki

A Virginia federal judge on Tuesday dismissed the Trump administration's lawsuit challenging a standing order from Maryland federal judges temporarily pausing the removal of noncitizen detainees who have filed habeas petitions, telling the U.S. Department of Justice that if it wants to challenge the court policy, it must follow the "proper" channels.

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No Immunity For Wis. Judge Charged With ICE Interference

By Jake Maher

A Wisconsin federal judge on Tuesday rejected a motion to dismiss from a state judge accused of helping an unauthorized immigrant escape arrest by U.S. Immigration and Customs Enforcement agents, turning down her argument that she is protected by judicial immunity.

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LAW FIRMS IN TODAY'S NEWS

Ballard Spahr

Bandas Law Firm

Benesch

Casillas Santiago

Clement & Murphy

DLA Piper

Dechert LLP

Dorsey & Whitney

Gimbel Reilly

Jackson Walker LLP

Loeb & Loeb

Lowell & Associates

Lowenstein Sandler

Monserrate Simonet

Morgan Lewis

Nelson Mullins

Paul Hastings

Paul Weiss

Pillsbury Winthrop

Potter Anderson

Probus Law Firm

Proskauer Rose

Russ August

Sidley Austin

Strang Bradley

Stris & Maher

Vinson & Elkins

Willig Williams

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Amazon.com Inc.

Ardec Funding

BlackRock Inc.

Cartiga

EE Ltd.

Fort Point Capital

Imperial Tobacco

LawCash

LexisNexis Legal & Professional

Needham & Co. LLC

Nikola Corp.

Nuveen LLC

Provident Healthcare Partners LLC

Puerto Rico Electric Power Authority

RELX PLC

Samsung Electronics Co. Ltd.

Verizon Communications Inc.

Western Digital Corp.

Whitebox Advisors LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Bureau of Investigation

Federal Housing Finance Agency

Federal Reserve System

National Labor Relations Board

New York Attorney General's Office

Patent Trial and Appeal Board

U.S. Attorney's Office for the Eastern District of New York

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the District of Puerto Rico

U.S. Bankruptcy Court for the Southern District of New York

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of New York

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Eastern District of Wisconsin