777 Partners Gets New DIP Offer After Contentious Hearing

By Alex Wittenberg

Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

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Spirit Execs Ax Investor Suit Over Pre-Ch. 11 Claims, For Now

By Lauren Berg

A Florida federal judge dismissed a lawsuit accusing Spirit Airlines' current and former top brass of misleading investors about the budget air carrier's prospects amid two bankruptcy filings, saying Thursday that the challenged statements are either corporate "puffery" or otherwise nonactionable, but the plaintiffs can rework their complaint.

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Lurin Judge Voices Doubts About Ch. 11 Plan

By Emily Lever

A Texas bankruptcy judge Thursday declined to make a decision on the disclosure statement of an insolvent affiliate of real estate company Lurin LLC, saying he had doubts as to whether the debtor should proceed with a plan.

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Rising Star: Lowenstein Sandler's Colleen Restel

By Emlyn Cameron

Colleen M. Restel of Lowenstein Sandler LLP helped lead the charge of sex abuse claimants seeking redress in Catholic Church bankruptcies and represented creditors settling with TPI Composites Inc. in its Chapter 11, earning her a spot among the bankruptcy law practitioners under age 40 honored by Law360 as Rising Stars.

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Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

By Jessica Corso

A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

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Israeli Company Must Face $30M Quinn Emanuel Fee Suit

By Carolyn Muyskens

An Israeli company and its CEO must face Quinn Emanuel Urquhart & Sullivan LLP's suit seeking to collect payment of more than $30 million for legal work the firm performed to force the company to acquire the law firm's former client, a Massachusetts state court judge ruled.

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'Jump Must Litigate': 7th Circ. Clarifies Arb. Enforcement Rule

By Dorothy Atkins

The Seventh Circuit rejected trading firm Jump Trading LLC's bid to arbitrate a putative securities class action Thursday, finding that courts, not arbitrators, must decide whether disputes belong in arbitration when the parties haven't signed an arbitration agreement, furthering a circuit split and holding that "Jump must litigate."

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Series

Going To Hardcore Shows Makes Me A Better Lawyer

While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.

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Anti-DEI Group Asks FTC To Probe Law Fellowship Program

By Dorothy Atkins

An advocacy organization against diversity, equity and inclusion initiatives filed an antitrust complaint with the Federal Trade Commission Wednesday, accusing Sponsors for Educational Opportunity of engaging in anticompetitive practices by allegedly colluding on DEI metrics and falsely advertising its program.

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Baker Botts Atty Cleared Of Defamation In Inventor's Suit

By Carolina Bolado

A Florida federal judge on Thursday tossed a defamation claim against a Baker Botts LLP patent attorney after agreeing with a magistrate judge's conclusion that an inventor had not shown that the lawyer's comments to a reporter were defamatory.

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NYC Bar Committee Calls For Nationwide AI Rules Framework

By Andrea Keckley

A New York City Bar Association committee concluded in a policy paper published Wednesday that artificial intelligence tools "may assist legal work but cannot substitute for professional legal judgment," calling for a national framework to be built into the Model Rules of Professional Conduct governing its use.

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Trump Picks Ex-Arkansas SG, Walmart Lawyer For 8th Circ.

By Courtney Bublé

President Donald Trump has announced that he's looking to elevate Judge Lee Rudofsky of the Eastern District of Arkansas to the U.S. Court of Appeals for the Eighth Circuit.

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State Farm Attys Admit Filing Motions Full Of AI Hallucinations

By Jonathan Capriel

A law firm representing State Farm has admitted that its pretrial motions contained citations to nonexistent cases and legal quotes, errors that were seemingly "hallucinations" generated by AI software designed for lawyers and caught by the plaintiff's attorneys as they prepared for trial in a California state court case about fire damage coverage.

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Brief

DOJ Fraud Division To Reach 500 Staffers This Month

By Courtney Bublé

By the end of the month, there will be about 500 attorneys and staff in the U.S. Department of Justice's new fraud division, with more to come as time goes on.

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JP Ward Attorney Exodus Delays Pa. Labor Trafficking Suit

By Matthew Santoni

A "staffing disruption" at the Pittsburgh law firm J.P. Ward & Associates led the firm to request a stay of a labor-trafficking case against hotels in Pennsylvania and West Virginia, after the firm was reduced to one attorney and two staff members, according to court filings.

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