Large Cap

  • June 27, 2025

    Rite Aid Picks $19.2M Bid For Thrifty Ice Cream In Ch. 11

    Drugstore chain Rite Aid said it has reached a deal to sell its Thrifty Ice Cream brand to an entity tied to the chief executive of Monster Beverage Corp. for $19.2 million during its Chapter 11 case.

  • June 27, 2025

    Pillsbury Adds Restructuring Pro From Paul Hastings In NY

    Pillsbury Winthrop Shaw Pittman LLP has grown its insolvency and restructuring practice in New York with the addition of a Paul Hastings LLP partner.

  • June 27, 2025

    B. Riley Divests Advisory Services Biz In $118M PE Deal

    Financial services company B. Riley Financial Inc., advised by Cole Schotz PC, announced Friday the sale of its advisory services business to funds managed by Canadian private equity shop TorQuest Partners in a $117.8 million deal.

  • June 26, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.

  • June 26, 2025

    Imerys Insurers Continue To Take Issue With Ch. 11 Plans

    Insurers that do not support talc producer Imerys Talc America's updated Chapter 11 plan told a Delaware judge Thursday that moving too swiftly toward confirmation of the new proposal will have the same results as an earlier effort, when the debtor asked to pause the proceedings after about a week.

  • June 26, 2025

    Solar Co. Meyer Burger Can Tap $10M DIP To Fund Ch. 11 Sale

    Swiss solar panel maker Meyer Burger's U.S. unit secured a Delaware bankruptcy judge's interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in Chapter 11.

  • June 26, 2025

    Judge Known For Financial Education Advocacy To Retire

    U.S. Bankruptcy Judge Laurel M. Isicoff, who has spent her career promoting financial literacy as a way to avoid financial insolvency, will retire next May after 20 years on the bench in the Southern District of Florida, the Eleventh Circuit confirmed Thursday.

  • June 26, 2025

    Gordon Rees Partner Duo Joins Whiteford In Richmond

    Whiteford Taylor & Preston LLP has added a pair of experienced litigators to its Richmond, Virginia, office as partners from Gordon Rees Scully Mansukhani LLP.

  • June 26, 2025

    Pullman & Comley Adds Bankruptcy Pro From DOJ In Conn.

    Pullman & Comley LLC has grown its offerings in Connecticut with the addition of a former assistant U.S. attorney who specializes in bankruptcy and litigation matters.

  • June 26, 2025

    'Homegrown' Clerk To Take Over Del. Bankruptcy Court Post

    Delaware's bankruptcy court will soon have a new clerk, a "homegrown" talent who has served the court for more than a decade in various roles, including currently as chief deputy clerk.

  • June 26, 2025

    Tesla, Nissan Picked For Marelli's Ch. 11 Creditors Committee

    Carmakers Nissan and Tesla are among the seven unsecured creditors chosen by the Office of the U.S. Trustee to serve on the creditor committee in the Chapter 11 case of auto parts maker Marelli Corp.

  • June 25, 2025

    2nd Circ. Blocks Reed Smith Doc Turnover Order In Eletson Row

    The Second Circuit on Wednesday granted Reed Smith LLP's emergency motion to stay a Manhattan federal judge's order to turn over client files amid a conflict over the legitimate ownership of international shipping company Eletson, which is in a dispute with competitor Levona.

  • June 25, 2025

    Solar Panel Maker Meyer Burger Puts US Unit In Ch. 11

    Swiss solar panel maker Meyer Burger Wednesday put its U.S. manufacturing affiliate into Chapter 11 in a Delaware bankruptcy court with $562 million in debt, saying it will seek a quick sale in the wake of a failure to restructure its global business.

  • June 25, 2025

    Texas Judge Recognizes Telefónica Del Perú Insolvency Case

    Telefónica del Perú, a telecommunications company that provides phone, internet and television services to 13 million customers, received recognition Wednesday from a Texas bankruptcy judge for its Peruvian insolvency proceeding.

  • June 25, 2025

    O'Melveny Forms Special Credit And Liability Mgmt. Group

    O'Melveny & Myers LLP has launched a special credit and liability management group, announcing the move Tuesday as a reflection of "growing client demand for integrated, end-to-end support across the credit cycle, particularly as capital solutions become increasingly complex and bespoke."

  • June 25, 2025

    Fed's Powell Suggests Student Loans Too Hard To Discharge

    Federal Reserve Chairman Jerome Powell told senators Wednesday that Congress might want to consider permitting greater dischargeability of student loans, questioning whether it is a "wise national policy" to treat such debt differently under the federal bankruptcy laws.

  • June 25, 2025

    Klehr Harrison Adds Atty To Philadelphia Bankruptcy Practice

    The opportunity to join a strong team at Klehr Harrison Harvey Branzburg LLP's Philadelphia office was music to the ears of an attorney who moved his litigation practice after 22 years with McElroy Deutsch Mulvaney & Carpenter LLP.

  • June 25, 2025

    Meet The Attys Guiding Altice France's Ch. 15

    The French subsidiary of global telecommunications giant Altice has tapped three lawyers from Ropes & Gray LLP to advise the debtor as it seeks Chapter 15 recognition in New York of its Paris-based restructuring proceedings, which are aimed at handling €19.2 billion ($22.3 billion) in debt.

  • June 25, 2025

    Do Kwon Trial Judge Has Eye On Federal Crypto Legislation

    Federal legislation that could codify stablecoins as payment-related assets — not securities — has the potential to impact the Manhattan U.S. attorney's $40 billion criminal case against Terraform founder Do Kwon, a federal judge said Wednesday.

  • June 25, 2025

    McDermott Restructuring Atty Rejoins Winston & Strawn In NY

    A former McDermott Will & Emery LLP restructuring partner has returned to Winston & Strawn LLP after more than two decades away, becoming the latest member of its transactions department in New York.

  • June 25, 2025

    Ga. University Contract Lands Dorm Operator In Ch. 11

    The Georgia affiliate of student and military housing provider Corvias filed for Chapter 11 protection in Delaware bankruptcy court Wednesday saying an unsustainable contract with Georgia's public universities has left it unable to support its $532 million in debt.

  • June 24, 2025

    AST Seeks FCC OK For Big Expansion Of Satellite Fleet

    AST SpaceMobile is seeking permission to launch hundreds of low-earth orbit satellites by the end of July to roll out its space-based cellular broadband network, which it says will eliminate coverage gaps and connect to standard smartphones across the country.

  • June 24, 2025

    Catching Up With New Bankruptcy Case Action

    France's second-largest telecommunications group petitioned for Chapter 15 recognition in the U.S. as it looks to restructure some $22 billion in debt in its home country. Slumping sales in the aftermath of the COVID-19 pandemic led a Vermont-based garden supplier to launch Chapter 11 proceedings to sell the business. And the operator of online job search board Monster.com hit bankruptcy with multiple purchase agreements in hand.

  • June 24, 2025

    Bankrupt Mass Tort Atty To Convert Ch. 11 To Liquidation

    A Texas mass tort attorney who filed for bankruptcy allegedly owing hundreds of millions of dollars to litigation funders agreed to shift his Chapter 11 case to a Chapter 7 liquidation, putting to rest the U.S. Trustee's bid to convert or dismiss his case.

  • June 24, 2025

    Judge OKs Forever 21's Ch. 11 Plan After Consensus

    A Delaware bankruptcy judge on Tuesday approved fast-fashion retailer Forever 21's Chapter 11 plan that would liquidate the debtor's remaining assets, after the debtor, key creditors, and unsecured creditors committee reached a global settlement. 

Expert Analysis

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

  • What 2024 Trends In Marketing, Comms Hiring Mean For 2025

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    The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.

  • How The Onion Could Still Buy InfoWars

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    While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.

  • Group Running Makes Me A Better Lawyer

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    The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.

  • 6 Changes I Would Make If I Ran A Law School

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    Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.

  • A Closer Look At SDNY Bankruptcy Rule Amendments

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    The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

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    The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.

  • Gardening Makes Me A Better Lawyer

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    Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

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    A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.

  • Litigation Inspiration: Reframing Document Review

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    For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.

  • The Challenges Of Abandoned Retirement Plans In Ch. 7

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    The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.

  • Circus Arts Make Me A Better Lawyer

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    Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.

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