Large Cap
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December 08, 2025
Carlton Fields Steps Aside In 'Irreconcilable' Miss America Case
A Florida federal judge allowed Carlton Fields and its attorneys on Monday to withdraw from representing the plaintiffs in a dispute over the ownership of the Miss America pageant, after the firm said "irreconcilable differences" drew it to ask to step down.
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December 08, 2025
Gol Linhas Plan Overturned, Linqto Cleared To Solicit Votes
A New York federal judge overturned Gol Linhas' Chapter 11 plan over third-party releases. Linqto was cleared to solicit creditor votes on its Chapter 11 plan; AmeriFirst received conditional approval for its disclosure statement despite the Office of the U.S. Trustee's objection. A Missouri judge approved 23andMe's $16.5 million cyber insurance buyback settlement.
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December 08, 2025
Imerys Hits 'Merger Toggle' In Ch. 11 Plan
Mineral producer Imerys Talc America has told the Delaware bankruptcy court it is planning to combine its reorganized debtors under a so-called merger toggle in its proposed Chapter 11 plan, a maneuver the lead debtor said would simplify postbankruptcy claims processing.
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December 08, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and gas investments to healthcare acquisitions.
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December 08, 2025
New Orleans Archdiocese Gets OK For $230M Ch. 11 Plan
A Louisiana bankruptcy judge on Monday approved the Roman Catholic Archdiocese of New Orleans' Chapter 11 plan, allowing it to go forward with a $230 million settlement with sexual abuse claimants.
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December 05, 2025
Real Estate Recap: Energy-Dependent Deals
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how energy scarcity is affecting data center deals.
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December 05, 2025
NJ Judge Signs Off On $13M BlockFi Settlement
A New Jersey federal judge Friday gave final approval to a $13.2 million settlement with investors seeking damages for their business with the failed cryptocurrency lender BlockFi Inc., awarding $10,000 to each lead plaintiff.
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December 05, 2025
Linqto Gets OK To Take Votes On Ch. 11 Plan With Stock Deal
A Texas bankruptcy judge Friday allowed investment platform Linqto to solicit votes from creditors on its Chapter 11 plan, saying potential issues with the debtor's third-party releases and challenges to the deal by investors could be considered during a confirmation hearing.
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December 05, 2025
Gol Linhas Ruling Set To Roil Post-Purdue Release Landscape
A federal judge's decision this week that Brazilian airline Gol Linhas' Chapter 11 plan releases were nonconsensual could have sweeping effects on how debtors secure valuable liability waivers in bankruptcy, complicating the question of what counts as consent under the U.S. Supreme Court's Purdue Pharma ruling, experts told Law360.
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December 05, 2025
What's Happening In Bankruptcy Court This Coming Week
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
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December 05, 2025
ModivCare Lenders Push For Swift Ch. 11 Plan Approval
ModivCare's consenting creditors and debtor-in-possession lenders have urged a Texas bankruptcy court to quickly confirm the medical transportation provider's Chapter 11 plan, which they said will reduce its debt load by $1.1 billion, pushing back on challenges from the unsecured creditors' committee.
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December 05, 2025
Stinson Adds Bankruptcy Partners From Leech Tishman In LA
Stinson LLP has again expanded its attorney roster in its Los Angeles office that opened earlier this year, this time adding two bankruptcy partners from Leech Tishman and a business litigation associate.
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December 04, 2025
Broadband Telecom's Restructuring Head Seeking Full Access
Counsel for telecommunications business Broadband Telecom Inc. said that the debtor's chief restructuring officer had made progress on obtaining records and assessing its business, but is still seeking full and direct access to the company's data.
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December 04, 2025
DOJ Urges High Court To Deny Hertz Ch. 11 Appeal
The U.S. Solicitor General told the Supreme Court late Wednesday that it should not take up an appeal from reorganized debtor Hertz Corporation over a $272 million make-whole payment dispute because the circuit court got it right in finding the company is obligated to make the payment to its unsecured creditors.
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December 04, 2025
Judge Wants Weekend To Consider NOLA Diocese Ch. 11 Plan
The Louisiana bankruptcy judge overseeing the bankruptcy of the Roman Catholic Archdiocese of New Orleans said Thursday she will take the weekend to consider insurer objections to the archdiocese's Chapter 11 plan and go over statements from sexual abuse claimants.
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December 04, 2025
Spirit Airlines Seeks OK For $140M Engine Settlement
Spirit Airlines says it has reached a $140 million agreement with International Aero Engines related to engines that had grounded some of the budget airline's fleet.
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December 04, 2025
Meet The Attorneys For Sonder, Ch. 7 Trustee
Sonder has tapped a lawyer from Pachulski Stang Ziehl & Jones LLP for its bankruptcy and the Chapter 7 trustee has assembled a team from Duane Morris LLP and Sullivan Hazeltine Allinson LLC as the debtor liquidates under pressure from more than $1 billion in debt.
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December 04, 2025
Squire Patton Hires Foley & Lardner's Bankruptcy Vice Chair
Squire Patton Boggs LLP announced Wednesday that it has hired the former vice chair of Foley & Lardner LLP's bankruptcy and restructuring practice.
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December 04, 2025
Under The Radar: Bankruptcy News You May Have Missed
A California bankruptcy judge gave a Catholic diocese more time to propose a plan to end its Chapter 11 case, a Beijing-based real estate developer asked to have its involuntary bankruptcy case dismissed, and noteholders in subprime auto lender Tricolor's Chapter 7 sought discovery powers.
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December 04, 2025
Cayman Parent Of Canterbury Securities Files Ch. 15 Case
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.
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December 04, 2025
Blank Rome's 2026 Partnership Class Is Biggest In 7 Years
Blank Rome LLP will elevate 14 attorneys to partner in the new year, its highest partnership class in seven years.
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December 03, 2025
Country Garden Gets Ch. 15 Nod On Hong Kong Restructuring
Country Garden Holdings Co., a major Chinese property developer, received U.S. recognition of its Hong Kong restructuring plan designed to trim more than $11 billion in debt, with a New York bankruptcy judge entering an order granting the debtor Chapter 15 relief.
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December 03, 2025
Party City Franchisees Want To Revamp Monopolization Case
Party City franchisees want to file an amended complaint in their case accusing the corporate retail chain of monopolizing the market before the court rules on a dismissal bid, the franchisees told a New Jersey federal court.
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December 03, 2025
Catholic Dioceses Facing Rockier Road To Resolve Ch. 11s
A trio of recent Chapter 11 cases are illustrating the new reality for Roman Catholic dioceses trying to address their child sexual abuse liabilities in bankruptcy court, with the cases taking longer to resolve and only moving forward after threats of dismissal.
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December 03, 2025
Judge Eases $4.1B Liability For Insurer In Conn. Rehab Plan
A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.
Expert Analysis
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Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.
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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 depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
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AI Will Soon Transform The E-Discovery Industrial Complex
Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.
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When Innovation Overwhelms The Rule Of Law
In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.
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Adventure Photography Makes Me A Better Lawyer
Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.
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How Ch. 11 Can Alleviate Merchant Cash Advance Concerns
Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.
A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.
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Lessons From Two New Year's Eve Uptier Exchange Decisions
On the last day of 2024, two different courts issued important decisions relating to non-pro rata uptier exchanges — and while they differ, both rulings highlight that transactions effected in reliance on undefined terms in debt agreements come with increased risk, say attorneys at Simpson Thacher.