Large Cap
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March 18, 2026
First Brands Heads Back To Mediation Over Ch. 11 Resolution
A Texas bankruptcy judge Wednesday allowed car parts maker First Brands to head back to mediation over a Chapter 11 case resolution, but cautioned he might not grant more extensions in the future.
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March 18, 2026
Conn. Justices Won't Hear Ex-Alex Jones Atty's Ethics Case
The Connecticut Supreme Court will not hear a challenge to the two-week suspension of Alex Jones' former lawyer, leaving intact an intermediate Appellate Court decision affirming the pared-down punishment surrounding his law firm's handling of Sandy Hook Elementary School massacre victims' personal information.
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March 17, 2026
Deals In Jackson Walker-Judge Affair A 'Dilemma,' Judge Says
A Texas federal judge ordered three of Jackson Walker LLP's former bankruptcy clients Tuesday to explain by next month what would happen to money from potential vacaturs or sanctions against the law firm if the estates close after their contested deals get approved.
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March 17, 2026
GWG Holdings Gets New Bankruptcy Judge After Romance Scandal
The chief bankruptcy judge in the Southern District of Texas has been tapped to oversee the Chapter 11 case of defunct financial services firm GWG Holdings months after the case's previous judge was removed in light of his professional relationship with former U.S. Bankruptcy Judge David R. Jones, who resigned amid an ethics scandal.
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March 17, 2026
'No Disrespect' But Law Prof Mom Not SBF's Atty, Judge Says
A federal judge in Manhattan cautioned retired Stanford Law School professor Barbara Fried, the mother of convicted FTX founder Sam Bankman-Fried, that she cannot make filings on behalf of her son in his bid for a new trial, saying she has not filed an appearance with the court.
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March 17, 2026
Kasowitz Beats Teamster Challenge To Fees In Yellow Ch. 11
A Delaware bankruptcy judge on Tuesday gave Yellow Corp. permission to pay Kasowitz LLP more than $12 million for its work on litigation blaming the Teamsters for the trucking company's bankruptcy over the objections of the union itself.
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March 17, 2026
Nuclear Power Cos. Seek To Duck Wage-Fixing Class Action
Nuclear energy producers including Constellation Energy, DTE Energy, Duke Energy and NextEra Energy have urged the Maryland federal court to toss a proposed class action alleging they conspired to fix wages in a scheme that workers say spanned "100% of the nuclear power generation labor market."
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March 17, 2026
Spandex Maker Lycra Files Ch. 11 To Slash $1.2B Debt
A Texas bankruptcy judge Tuesday agreed to give interim approval for fiber manufacturer The Lycra Company LLC to tap into $50 million of its $75 million in debtor-in-possession financing as the company moves toward a quick debt restructuring.
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March 16, 2026
Trump Admin Wants Student Loan Forgiveness Suits Tossed
The Trump administration on Monday asked a Massachusetts federal judge to toss a pair of lawsuits challenging a change to eligibility requirements for student loan forgiveness, calling the potential repercussions from the new rule "speculative."
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March 16, 2026
Multi-Color Gets To Keep Case In NJ Due To 'Loophole'
A New Jersey bankruptcy judge on Monday denied motions that sought to transfer the Chapter 11 case of label-maker Multi-Color Corp. to another court, saying a "loophole" in the venue statute created by Congress permitted the filing even though it didn't "sit right" with the judge.
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March 16, 2026
Lannett Investors Seek Final OK Of $5.8M Price-Fix Probe Suit
Former executives of pharmaceutical company Lannett Inc. and a class of investors have asked a Pennsylvania federal court to grant final approval to their $5.8 million deal to end claims the company and its leadership misled about Lannett's links to allegations of industrywide price-fixing in the market for generic drugs.
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March 16, 2026
Firms Fight Discovery In Sanctions Bid Following Eletson Row
Greenberg Traurig LLP and Reed Smith LLP have each urged a New York federal court to deny discovery requests by Levona Holdings as the company pursues sanctions against the firms following the court's vacatur of a $102 million arbitral award found to have been the product of fraud, calling the requests "intrusive" and "improper."
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March 16, 2026
Saks Creditors OK $300M In Additional Ch. 11 Funds
Luxury retailer Saks Global announced Monday its senior secured bondholders approved its bid to access another $300 million in financing for its Chapter 11 case after seeing the company's postbankruptcy business plan.
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March 16, 2026
Judges OK Eletson Arrests, $533M Spirit Base Bid
A New York bankruptcy judge approved arrests in Eletson Holdings' Chapter 11 case, another said Spirit Airlines can auction 20 aircraft with a $533 million stalking horse bid, and a judge in California ordered parties to go forward with competing plans in the Oakland diocese's insolvency proceeding.
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March 16, 2026
Eddie Bauer Stores Get OK For Creditor Vote On Ch. 11 Plan
A New Jersey bankruptcy judge Monday gave the operator of Eddie Bauer's retail outlets permission to send its Chapter 11 plan out for a creditor vote after unsecured creditors dropped their opposition.
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March 16, 2026
Wind Co. TPI's Asset Deals OK'd, Resolving DIP Default
A Texas bankruptcy judge on Monday approved two sales of the assets of wind turbine blade maker TPI Composites Inc., resolving a default from its debtor-in-possession lender as it moves toward approval of a Chapter 11 plan disclosure statement and confirmation.
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March 13, 2026
PE Firm Seeks To Block Calif. Suit Over $17.5M Deal
A private equity investment firm has asked the Delaware Chancery Court to block two former sellers of behavioral health facilities from pursuing a parallel lawsuit in California, arguing that the claims violate contractual provisions requiring any related disputes to be litigated in Delaware.
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March 13, 2026
Ethanol Giant Raizen Seeks US Nod For $12B Brazil Reorg
Raizen SA, the largest producer of ethanol in Brazil, and several affiliates filed for Chapter 15 recognition in New York on Thursday with 65.1 billion reais, or about $12 billion, of debt, after striking a preliminary restructuring agreement with some creditors that seeks to halt a downward liquidity spiral.
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March 13, 2026
Arrest Warrants Approved For Ex-Eletson Officials In Ch. 11
A New York bankruptcy judge approved arrest warrants for a group of former shareholders of reorganized debtor Eletson Holdings Inc. who were directors of an entity purporting to control the company post-bankruptcy, saying they should be incarcerated until they give depositions ordered by the court.
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March 13, 2026
FAT Brands Files Ch. 11 Sale Procedures As Talks Continue
Bankrupt restaurant chain owner FAT Brands filed proposed sale and bidding procedures calling for a sale of its assets to close by early May, while saying it is working with its creditor groups on the final form of the procedures and on securing Chapter 11 financing.
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March 13, 2026
Competing Plans To Move Forward In Oakland Diocese Ch. 11
A California bankruptcy judge said Friday that he wants competing Chapter 11 plans to proceed in parallel in the case of the Roman Catholic Diocese of Oakland, telling the debtor and the creditors committee that there are flaws in each proposal.
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March 13, 2026
First Brands OK'd For Walbro Unit $50M Going Concern Sale
A Texas bankruptcy judge Friday approved the sale of First Brands' small engine part group Walbro as the car parts giant continues stakeholder talks in hopes of charting a consensual course out of Chapter 11.
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March 13, 2026
Guo Trustee Settles With Hogan Lovells, Troutman
The trustee administering the bankruptcy estate of exiled Chinese billionaire Miles Guo has asked a Connecticut judge to approve settlements against law firms Hogan Lovells International LLP, Troutman Pepper Locke LLP and Marini Pietrantoni Muniz LLC, among other avoidance action defendants.
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March 12, 2026
Celsius Accuses Fireblocks Of 'Staggering' Crypto Negligence
The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity company's alleged "staggering negligence" that led to the destruction of cryptographic keys and the loss of Ethereum tokens worth tens of millions of dollars.
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March 12, 2026
First Brands Pros Rack Up Over $132M Of Fees In 3 Months
Attorneys and other professionals working on the bankruptcy of car parts supplier First Brands Group tallied more than $132 million of fees and expenses in just over the first three months of the case, according to court filings.
Catching Up With New Bankruptcy Case Action
Crypto company BlockFills hit Chapter 11 after a sell-off, the developer of a Bronx housing project filed for bankruptcy to stop a foreclosure sale and a nonprofit live performance venue in Philadelphia initiated a Chapter 11 over tax woes.
Spirit's New Ch. 11 Plan Cuts $5B Debt, Aims For June Takeoff
Bankrupt air carrier Spirit Airlines has reached a deal with its debtor-in-possession lenders and proposed a Chapter 11 plan to slash over $5 billion in debt and liabilities, saying it's aiming to confirm the plan by mid-June.
What's Happening In Bankruptcy Court This Coming Week
In the week ahead, bankruptcy courts will consider issues including the Chapter 11 financing of senior-living provider Inspired Healthcare and label maker Multi-Color, multiple fee dispute settlements with Jackson Walker, and whether Fat Brands' CEO should be suspended.
Expert Analysis
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Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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Charges Signal Tougher Stance On Execs' Bankruptcy Fraud
The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.
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5 Different AI Systems Raise Distinct Privilege Issues
A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.
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AI-Assisted Arbitration Needs Safeguards To Ensure Fairness
As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.
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AI-Generated Doc Ruling Guides Attys On Privilege Risks
A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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If Your AI Vendor Goes Bankrupt: Tackling Privacy And 'Utility'
Because bankruptcies of artificial intelligence vendors will require courts to decide in the moment how to handle bespoke deals for AI tools, customers that anticipate consumer privacy concerns in asset disposition and questions about utility and critical-vendor classifications can be better positioned before proceedings, say attorneys at Sidley.
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If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access
With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers that need to retain access to key AI products in the event of vendor’s bankruptcy should consider four elements that could determine whether they may invoke traditional Section 365(n) intellectual property protections, say attorneys at Sidley.
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Law School's Missed Lessons: Practicing Resilience
Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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2 Rulings Showcase Fuzzy Limits Of 'Related To' Jurisdiction
The Fifth and Ninth Circuits recently handed down decisions, in Sanchez Energy and Sawtelle Partners, respectively, reminding practitioners that bankruptcy court jurisdiction over lingering disputes is not guaranteed, regardless of whether confirmation orders contain specific "retention of jurisdiction" language, says Brian Shaw at Cozen O’Connor.
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Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.