Large Cap

  • October 28, 2025

    Pages From Bankruptcy History: Chapter 15's Origins

    Chapter 15 of the Bankruptcy Code, which allows U.S. courts to recognize foreign bankruptcies, turns 20 years old this year, an anniversary that marks how far the courts have come since replacing a makeshift jumble of laws with a streamlined system.

  • October 28, 2025

    Jackson Walker Atty Romance Deal Blasted As 'Collusion'

    A proposed settlement between Jackson Walker LLP and defunct life insurance bond seller GWG Holdings Inc. over a former Jackson Walker partner's secret romance with an ex-bankruptcy judge should be rejected because the deal "smacks of collusion," according to a recent objection.

  • October 27, 2025

    Venezuelan Oil Company Looks To Pause $3B Bond Ruling

    A subsidiary of Venezuela's state-owned oil company is urging a New York federal judge to pause her ruling enforcing nearly $3 billion in defaulted bonds during an appeal, saying enforcement could permanently alter its business by taking away its "sole meaningful asset": the oil giant Citgo.

  • October 27, 2025

    Tricolor Ch. 7 Trustee Gets OK To Pay Debtor's Insurers

    The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings can access about $275,000 in deposited checks at its headquarters to make late insurance payments, a Texas bankruptcy judge said at an emergency hearing Monday.

  • October 27, 2025

    Meet The Attorneys For Broadband And Carriox's Ch. 11s

    A team of attorneys from Klestadt Winters Jureller Southard & Stevens LLP is guiding the Chapter 11 bankruptcies of six affiliates of telecommunications financing provider Carriox Capital.

  • October 27, 2025

    Chancery Lets J&J, Dow Fight To Save Asbestos Data

    The Delaware Chancery Court has refused to toss a suit by Johnson & Johnson, Dow Chemical and other major asbestos-defendant companies that are seeking to block a set of bankruptcy trusts from destroying decades of exposure data.

  • October 27, 2025

    LifeScan Gets Final OK On Ch. 11 Plan After Deal With PBMs

    A Texas bankruptcy judge on Monday granted confirmation of LifeScan Global Corp.'s Chapter 11 plan after the debtor reached an agreement with pharmacy benefit managers that resolved their objections, allowing the glucose-monitor maker to complete a deal to cut about $1.4 billion of debt.

  • October 27, 2025

    Willkie Taps Longtime Kirkland Atty To Lead Restructuring

    Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.

  • October 27, 2025

    Purdue Defends Ch. 11 Plan, Heritage Coal's Gets OK'd

    Pharmaceutical titan Purdue Pharma hailed support for its proposed bankruptcy plan and fought an objection from the city of Baltimore, Heritage Coal got its Chapter 11 plan approved, and a Texas bankruptcy judge granted LifeScan's conditional approval. This is the week in bankruptcy.

  • October 27, 2025

    Prime Core Ch. 11 Admin Says It Cashed Out Crypto For $35M

    The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin creditor distributions early next year.

  • October 24, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Silvergate will seek to confirm its Chapter 11 plan, insurers will petition for a stay of Avon's plan confirmation pending their appeal of one aspect of it, and investment platform Linqto is pursuing an extension on its sole right to file a Chapter 11 plan.

  • October 24, 2025

    Texas Appealing Trim Of GM Data Privacy Suit

    The state of Texas said it was appealing a bankruptcy judge's decision earlier this month blocking its attempt to hold General Motors liable for data privacy violations allegedly committed by its predecessor before its 2009 bankruptcy.

  • October 24, 2025

    LifeScan Urges Court To Force PBMs To Produce Documents

    Glucose monitor maker LifeScan has asked a Texas bankruptcy judge to force pharmacy benefit managers to produce documents amid a dispute over administrative expense claims in the Chapter 11 case, saying PBMs including OptumRx and Caremark are using delay as "sword and shield."

  • October 24, 2025

    Judge Lifts Ch. 11 Stay On Prospect Medical Tort Suits

    A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital chain, saying she was "beyond frustrated" with delays in settling the claims.

  • October 24, 2025

    Judges Say AI Can't Replace Human Judgment In Courts

    While artificial intelligence holds promise for improving court efficiency, its current limitations, including inaccuracies and ethical concerns, make human judgment indispensable in legal proceedings, a group of judges said during a panel discussion at a recent legal technology conference.

  • October 23, 2025

    Ex-SVB Top Brass Can't Ditch FDIC Suit Over 2023 Collapse

    Silicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 2023 failure, a California federal judge has ruled.

  • October 23, 2025

    Genesis Judge Blocks HHS Bid To End Nursing Home Benefits

    A Texas bankruptcy judge on Thursday blocked a bid by the U.S. Department of Health and Human Services' Centers for Medicare and Medicaid Services to cut off payments for one of Genesis Healthcare's skilled nursing facilities in Alabama, entering a preliminary injunction in the Chapter 11 adversary proceeding.

  • October 23, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The Second Circuit declined to revisit a ruling that about 300 clawback suits tied to Bernie Madoff should be dismissed. The American Bankruptcy Institute wrote the U.S. Congress to explain benefits of changing tax law concerning receiverships. And investment platform Linqto requested more time to file a Chapter 11 plan.

  • October 23, 2025

    Conn. Panel Doubts Ex-Alex Jones Atty Can Skirt Suspension

    Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt that a lower court abused its discretion in crafting the sanction for violating a confidentiality order.

  • October 23, 2025

    FTX Trust Too Early On Ch. 11 Claim Jurisdiction Rules

    A Delaware bankruptcy judge told FTX's recovery trust Thursday it was too early in proposing restrictive jurisdiction procedures that would allow it to deny claims payable to creditors in countries with tight cryptocurrency laws, saying such powers should be saved for later in the administration process.

  • October 23, 2025

    Amid Restructuring, It's A Busy Year For WeightWatchers GC

    It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped navigate the company through a bankruptcy reorganization as well as guide it through the changing protocol to sell weight loss drugs.

  • October 22, 2025

    Kroll Wants FTX Hack Suit Tossed, Arbitrated Or Moved

    Bankruptcy claims agent Kroll Restructuring Administration LLC has asked a Texas federal judge to transfer or sink a proposed class action over a data breach that affected creditors of FTX Trading Ltd., BlockFi Inc. and Genesis Global Holdco LLC, pointing to alleged standing issues and an online arbitration agreement.

  • October 22, 2025

    Celsius Founder's Counsel Seeks Exit Over Unpaid Fees

    Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence, citing irreconcilable differences in litigation strategy and Mashinsky's failure to pay significant outstanding legal fees.

  • October 22, 2025

    6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit

    The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optimism about the ultimately failed deal wasn't intentionally false.

  • October 22, 2025

    Claire's Urges Ok For Plan In 'Remarkably Successful' Ch. 11

    Jewelry retailer Claire's urged a Delaware bankruptcy judge Wednesday to confirm its Chapter 11 plan, saying its bankruptcy had been "remarkably successful," and it intends to resolve the only objection to its plan before the decisive hearing.

Expert Analysis

  • Making The Pitch To Grow Your Company's Legal Team

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    In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

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    Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.

  • 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.

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