Large Cap
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March 27, 2026
Apollo, BlackRock Deny Asking Kirkland To Abandon Optimum
Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.
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March 27, 2026
Polsinelli Hires Practice Head From McDermott In NY
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."
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March 27, 2026
NJ Federal Judge DQs Beasley Allen In J&J Talc MDL
A New Jersey federal judge has disqualified the Beasley Allen Law Firm from representing hundreds of plaintiffs in sprawling multidistrict litigation over Johnson & Johnson's talc-based baby powder, holding that the firm violated ethics rules by collaborating with former outside counsel for J&J, a ruling the law firm has vowed to appeal.
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March 27, 2026
Eddie Bauer Stores Lift Unsecured Creditor Pot To $3M
A company operating Eddie Bauer retail stores said Friday it will increase funding for unsecured creditors in its Chapter 11 plan from $250,000 to up to $3 million after securing a deal with its lenders and creditors on how to distribute proceeds from the debtor's going-out-of-business sales.
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March 27, 2026
Multi-Color Gets OK For Halved DIP And Rollup
Label-maker Multi-Color Corp. got approval Friday for half of the $125 million in Chapter 11 financing it was seeking after a New Jersey bankruptcy judge signed off on a proposal that also cut the rollup of prepetition debt in half.
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March 27, 2026
Simpson Thacher Adds 2 Ex-Kirkland Restructuring Partners
Two former Kirkland & Ellis LLP restructuring attorneys have joined Simpson Thacher & Bartlett LLP as partners in the capital structure solutions practice.
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March 26, 2026
Meet The Attys For FAT Brands' Official Creditors Committee
A team of seasoned Paul Hastings LLP professionals is representing the official committee of unsecured creditors of restaurant franchisor FAT Brands Inc. in Texas bankruptcy court.
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March 26, 2026
Multi-Color's DIP Loan Up In The Air As Judge Balks At Rollup
A New Jersey bankruptcy judge on Thursday said he wasn't ready to give final approval to a debt rollup proposed in Multi-Color Corp.'s Chapter 11 case, throwing into question one of the postpetition financing backers' willingness to fund the debtor's operations.
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March 26, 2026
Senators File Amicus In Bestwall High Court Appeal
Three U.S. senators are backing the asbestos claimants of Bestwall in their bid to take their challenge of the Georgia-Pacific spinoff's so-called Texas two-step bankruptcy to the U.S. Supreme Court, saying the high court must close a loophole the Fourth Circuit has created that allows nonbankrupt corporations to avoid tort liability.
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March 26, 2026
Under The Radar: Bankruptcy News You May Have Missed
Investment firm Jump Trading and its co-founder moved for dismissal of a lawsuit from the administrator for bankrupt cryptocurrency company Terraform Labs. A New Mexico industrial building owner is appealing a New York bankruptcy judge's approval of a disclosure statement from a secured creditor. And the new owner of fundraising technology company Flipcause sought to reassure nonprofits that it would run the platform differently than its previous operator.
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March 26, 2026
VC Apple Tree Seeks At Least $300M To Exit Ch. 11
Apple Tree Life Sciences, a biotechnology investor that filed for bankruptcy in December in a protracted feud with a Russian billionaire, asked a Delaware court on Wednesday to let it solicit bids for at least $300 million of exit financing.
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March 26, 2026
Core Scientific Can't Move Crypto Patent Case Across Texas
A judge in the Eastern District of Texas denied a bid by cryptocurrency mining company Core Scientific Inc. to move a case accusing it of infringing cryptography patents to the Western District of Texas, saying Core had not shown that it was clearly a more convenient venue.
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March 26, 2026
Bonds Ellis Adds Michael Best Bankruptcy Litigator In Texas
Bonds Ellis Eppich Schafer Jones LLP has added a former Michael Best & Friedrich LLP attorney with deep experience in bankruptcy, restructuring and complex civil litigation as a partner in Fort Worth.
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March 25, 2026
Genesis Fights DCG Bid To Escape $1.1B Note Liability
Crypto lender Genesis told a New York bankruptcy judge that its parent company, crypto conglomerate Digital Currency Group Inc., should not be able to argue that it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary.
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March 25, 2026
Serta Lenders End Trial Over 'Uptier' Ahead Of Summer Ruling
Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be awarded, an issue which the presiding judge expects to decide on in the next few months.
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March 25, 2026
Ice Miller Grows In Delaware With 5-Atty Bankruptcy Team
Ice Miller LLP announced Wednesday that it hired a five-attorney bankruptcy and restructuring team from Potter Anderson & Corroon LLP to help expand its recently opened office in Wilmington, Delaware.
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March 25, 2026
Ashurst Adds 4 Ex-Bracewell Partners To Finance Practice
Ashurst LLP has announced the addition of a four-partner team in New York to expand its finance and restructuring capacities ahead of a proposed merger with Perkins Coie LLP.
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March 25, 2026
Bankruptcy Financing Becomes New Front For Lender Battles
Lender-on-lender brawling that normally occurs out of court is increasingly unfolding in the Chapter 11 financing arena, forcing bankruptcy judges to reckon with in-court deals that use aggressive liability management tactics to promote certain investors over others.
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March 24, 2026
Inmarsat Strikes Back In $100M Ligado Row
Satellite operator Inmarsat has objected to a bid by bankrupt telecom company Ligado Networks LLC to delay a $100 million payment to Inmarsat, saying the pledged payment is unconditional.
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March 24, 2026
Catching Up With New Bankruptcy Case Action
The maker of spandex is looking to swap its debt for equity in Chapter 11, a longtime book distributor plans to finish winding down operations while its bankruptcy keeps an automatic stay on litigation, and a microbiome treatment developer wants to sell its assets in bankruptcy.
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March 24, 2026
SiriusXM Beats Research Institute's Patent Case Due To Delay
A Delaware federal judge on Tuesday said German research institute Fraunhofer-Gesellschaft's delay in bringing a patent suit against SiriusXM was fatal to its claims, after the Federal Circuit previously said the judge must look closer at whether that delay was relied upon by Sirius.
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March 24, 2026
Genesis Gets OK For $7.3M Employee Bonus Plan
A Texas bankruptcy judge Tuesday gave Genesis Healthcare permission to pay up to $7.3 million in bonuses to executives and other employees, agreeing with the nursing home chain that the workers are needed to keep the business running until its Chapter 11 sale closes.
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March 24, 2026
Beasley Allen Says NJ Justices Review Of Talc DQ 'Essential'
Beasley Allen urged the New Jersey Supreme Court to hear its appeal of a lower court's decision to disqualify it from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, arguing that the court's immediate review of the interlocutory order is "essential."
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March 24, 2026
First Brands Seeks To Close Brakes, Spark Plug Businesses
First Brands has asked a Texas bankruptcy judge to let the auto parts supplier wind down some of its remaining businesses, including several brake components brands and its Autolite spark plug unit.
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March 23, 2026
Bankman-Fried Must Reveal Any Legal Help In Pro Se Motion
A federal judge in Manhattan on Monday ordered incarcerated FTX founder Sam Bankman-Fried to reveal how much, if any, attorney help he had in drafting his motion for a new trial, saying criminal defendants don't have the right to both represent themselves and be represented by counsel.
Expert Analysis
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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Special Committees Gain Traction In Chapter 11 Investigations
Excerpt from Practical Guidance
Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.
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Law School's Missed Lessons: Navigating Client Trauma
Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.
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4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Despite Dark Clouds, Outlook For US Solar Has Bright Spots
While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.
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Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.