Expert Analysis

Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depiction... (more story)

Ch. 11 Ruling Confirms Insurer Standing Requirements

A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers ha... (more story)

AI Will Soon Transform The E-Discovery Industrial Complex

Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery para... (more story)

Large Cap More

American Tire Gets OK For Going-Concern Sale To Lenders

A Delaware bankruptcy judge on Monday said he was "very happy" to approve American Tire Distributors Inc.'s roughly $835 million sale of its business to a lender group in Chapter 11, a deal that will enable th... (more story)

Zips Car Wash On Track For April Ch. 11 Plan Hearing

A Texas bankruptcy judge Friday gave Zips Car Wash permission to draw on $20 million in Chapter 11 financing under terms that will see the vehicle-cleaning chain seeking court approval for its equity-swap rest... (more story)

Syracuse Diocese Wants Rep For Unknown Abuse Claimants

The Roman Catholic Diocese of Syracuse asked a New York bankruptcy judge to appoint a representative for currently unknown sexual abuse claimants and to extend the deadline for the representative to vote on th... (more story)

Mexican Lender Gets Cautious OK For UK Reorg Of US Debt

The England and Wales-based subsidiary of a Mexican industrial equipment leasing and financing group on Friday received Chapter 15 recognition of its U.K. restructuring from a New York bankruptcy judge, who ex... (more story)

4th Circ. Says LeClairRyan Founder May Duck Tax Liability

Defunct law firm LeClairRyan PLLC's operating agreement did not bar founder Gary LeClair from jumping ship in time to potentially dodge massive tax bills tied to the firm's collapse, the Fourth Circuit ruled Friday.

Franchise Group Ch. 11 Plan Not 'Fully Baked,' Judge Says

A Delaware bankruptcy judge has declined to approve the disclosure statement for Franchise Group Inc.'s Chapter 11 plan, calling it not "fully baked" and saying the debtor should wait until after the date it i... (more story)

Judge OKs 'Unorthodox' Deal To Fund Pa. Hospitals In Ch. 11

Bankrupt hospital operator Prospect Medical has agreed to put its four Philadelphia-area hospitals under receivership for the next 30 days while it hammers out a sale as part of a funding arrangement that a Te... (more story)

Wheel-Maker Accuride Upsizes Ch. 11 Loan By Another $20M

Wheel manufacturer Accuride Corp. received a Delaware bankruptcy judge's approval Thursday to tack on another $20 million to its Chapter 11 financing, funds that the company said it will use to support operati... (more story)

Zips Car Wash Hits Ch. 11 With Plan To Trim $279M Debt

Zips Car Wash LLC and nine affiliates filed for Chapter 11 protection in Texas, citing competition, climbing interest rates and nearly $654 million in funded debt, with a restructuring plan in hand to shave of... (more story)

Yellow Corp. Scores Partial Win In $540M Pension Plan Row

Bankrupt trucking firm Yellow Corp. has secured a partial victory on summary judgment in a $540 million fight with several union pension funds, with a Delaware bankruptcy judge saying the funds set the company... (more story)

Mid Cap More

Small Businesses Already Closing After Subchapter V Lapse

Some small businesses have failed, with their owners simply walking away, since Congress let expire a provision that had made them eligible for Subchapter V protection, according to bankruptcy professionals.

Biotech Firm Omega Therapeutics Hits Ch. 11 To Restructure

Biotechnology company Omega Therapeutics hit Chapter 11 in Delaware on Monday, listing over $140 million of debt on its petition and having filed a form with the U.S. Securities and Exchange Commission saying ... (more story)

W. Virginia Coal Miner Hits Ch. 11 With $79M Debt, Sale Plans

West Virginia coal miner White Forest Resources filed for Chapter 11 protection in Delaware with nearly $79 million in debt, saying after struggling with production and shipping issues it plans to sell one of ... (more story)

3 Firms Seek To Co-Lead Suits Over Banks' Synapse Ties

Attorneys from three firms are seeking to represent fintech customers in consolidated class claims in Colorado federal court against several banks over $85 million in funds that went missing after the failure ... (more story)

Ex-NFL Star Romanowski's Bankruptcy Converted To Ch. 7

Former NFL player Bill Romanowski and wife Julie had their Chapter 11 bankruptcy case converted to a Chapter 7 on Friday, after a California judge called a filing from the couple seeking the case's dismissal f... (more story)

Trailer Cos. Sue KAL Freight Over Alleged Theft Of Vehicles

Two manufacturers of truck trailers have sued bankrupt trucking company KAL Freight Inc. in Texas bankruptcy court, saying the company ran a scheme to improperly take ownership of hundreds of trailers without paying for them.

NAFTA Case Useful In Bid To DQ Quinn Emanuel, Judge Says

A Florida federal judge has ruled that a Mexican oil company can use information on dismissed NAFTA arbitration and other documents in a bid to disqualify former counsel Quinn Emanuel, saying the evidence is r... (more story)

Aztec Fund To Sell 3 Office Buildings To Settle Ch. 11 Dispute

Private equity investment group Aztec Fund told a Texas bankruptcy judge Friday it will sell three office buildings and aim to liquidate through Chapter 11 to resolve a dispute over the insolvency case with Bank of America.

Earthlink Investors' Attys Score $28M In Merger Suit

The attorneys who helped Earthlink investors score an $85 million settlement with the company after they said they were tricked into approving a $1.1 billion merger with a failing telecommunications company wi... (more story)

First Mode Gets OK For Ch. 11 Plan Ballot, $15M Sale

Bankrupt electric-engine developer First Mode Holdings Inc. can seek votes for its Chapter 11 plan after a Delaware bankruptcy judge on Thursday overruled an objection from its unsecured creditors over the bal... (more story)