Expert Analysis

The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to b... (more story)

The Law Firm Merger Diaries: Getting The Message Across

Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stag... (more story)

Law School's Missed Lessons: Practicing Client-Led Litigation

New litigators can better help their corporate clients achieve their overall objectives when they move beyond simp... (more story)

Large Cap More

Genesis Parties Trade Barbs Over Bitter Ch. 11 Sale Dispute

Bankrupt nursing home company Genesis Healthcare Inc. and its proposed asset purchaser on Wednesday traded accusations with parties objecting to the deal at the first day of a multipart sale hearing in the deb... (more story)

Modivcare Creditors Question Calculations At Ch. 11 Plan Trial

Financial advisers to Modivcare's unsecured creditors' committee told a Texas bankruptcy judge on Wednesday they believe the healthcare transportation and technology company's estimates of its value and future... (more story)

2nd Circ. Urged To Nix Yacht, $37M Escrow From Guo Ch. 11

The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 es... (more story)

VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire

Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered w... (more story)

Nylon Maker Ascend Secures OK For Ch. 11 Plan

A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight mo... (more story)

Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt

A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abu... (more story)

FTX Customers Seek Final OK For $10M Deal With Silvergate

Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion... (more story)

Pine Gate Secures $1.6B Ch. 11 Financing Amid Creditor Deals

A Texas bankruptcy judge said Tuesday he would give final approval to more than $1.6 billion of Chapter 11 funding for solar energy developer Pine Gate Renewables, after the debtor reached several settlements ... (more story)

Expert Invoices Discoverable In J&J Talc MDL, Judge Says

A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder c... (more story)

US, UK Duo Named Cadwalader Restructuring Chairs

Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.

Mid Cap More

Maverick Gaming Seeks $11.5M Rent Relief In Settlement

Bankrupt casino operator Maverick Gaming has asked a Texas bankruptcy court to approve a settlement it reached with its secured lenders and Blue Owl Capital Inc. after its Chapter 11 sale process failed to gen... (more story)

Sports League Grand Slam Track Hits Ch. 11 After Debut Year

Grand Slam Track, a professional track and field league started by Olympic sprinting champion Michael Johnson, filed for Chapter 11 protections in Delaware Thursday with up to $50 million in liabilities.

Lucky Bucks Shareholders Want Out Of $240M Ch. 7 Suit

A large shareholder of Lucky Bucks Holdings LLC told a Delaware bankruptcy judge Wednesday that claims against it related to $240 million in prepetition dividend payments should be tossed because the Chapter 7... (more story)

Crypto Bankruptcy Trust Can Tap D&O Policy, Judge Rules

A Texas bankruptcy judge has found that a directors and officers liability insurer was wrong to refuse a reasonable $4.65 million settlement demand from the trustee overseeing the wind-down of former cryptocur... (more story)

4th Circ. Hints $166M Fight​​​​​​​ Could Create Circuit Split

In questioning counsel for an insolvent Dutch insurance company trying to confirm a $166 million arbitral award against convicted insurance mogul Greg Lindberg, two Fourth Circuit judges quipped the insurer li... (more story)

Wells Fargo Says It Didn't Know Ex-Atty Stole From Clients

Wells Fargo is seeking to shed claims in Texas federal court alleging it turned a blind eye to a convicted former attorney's misuse of client funds held in accounts at the bank, arguing that the victims of the... (more story)

Ex-Nikola CEO Asks To Cancel Asset Sale, Submit Higher Bid

An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now will... (more story)

Texas Judge Mulls Call To Toss Aviation Biz GAI's Ch. 11

A Texas bankruptcy judge on Tuesday said he needs to take a week to consider how to handle the Chapter 11 of a Texas aviation company after the winner of a contract dispute with the debtor said its filing is a... (more story)

PosiGen Is Using Stolen Cash To Fund Ch. 11, Solar Co. Says

A solar project financing company alleged that bankrupt solar panel leasing firm PosiGen failed to pass along $10.5 million in project revenue, asking a Texas bankruptcy judge to intervene.

Trustee Says Winston & Strawn Is Liable For $1.7B Fintech Bust

The trustee of the bankrupt self-styled "anti-woke" financial technology startup GloriFi said Winston & Strawn LLP shouldn't be allowed to escape a malpractice lawsuit over the company's $1.7 billion failure, ... (more story)