Large Cap
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September 10, 2025
Oakland Diocese Looks To End Ch. 11 Over Mediation Impasse
The Diocese of Oakland has asked a bankruptcy judge to dismiss its more than two-year-old Chapter 11 case, saying it cannot afford a contested confirmation hearing after hitting what it called a mediation deadlock with unsecured creditors.
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September 10, 2025
Wind Co.'s DIP Gives Lender Too Much Control, Creditors Say
The unsecured creditors of an insolvent wind turbine blade maker have asked a Texas bankruptcy court to reject the terms of the debtor's proposed Chapter 11 financing, saying it would hand the reins of the bankruptcy case to one secured creditor.
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September 10, 2025
Guo Trustee, Law Firms Get OK For Deals On $4.4M Disputes
A Connecticut bankruptcy judge has approved deals between Chinese exile Miles Guo's Chapter 11 trustee and the law firm McDermott Will & Schulte, four other law firms and one consulting firm, ending $4.4 million in potential clawback claims without formal litigation.
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September 10, 2025
Firm Seeks To Toss Lowenstein Sandler Claims Over Affidavit
Trif & Modugno LLC has reiterated to the Essex County Superior Court in New Jersey that part of a malpractice suit filed against it by Lowenstein Sandler LLP must be dismissed because the national firm did not file an affidavit of merit within the time limit.
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September 10, 2025
Subprime Lender Tricolor Auto Hits Ch. 7 With Over $1B Debt
Tricolor Holdings, a Texas-based company that provides car loans to low-income buyers, and several affiliates filed for Chapter 7 liquidation in Texas bankruptcy court Wednesday with more than $1 billion of debt.
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September 09, 2025
Jones Asks Justices To Hear 'Death Penalty' Sandy Hook Case
Right-wing media firebrand Alex Jones asked the U.S. Supreme Court to take up his appeal of a $1.4 billion defamation damages award conferred by a Connecticut state court over statements about the 2012 Sandy Hook school shooting, saying the lower court's default judgment on liability is an unconstitutional "death penalty" for Jones and his media company.
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September 09, 2025
Claire's Can Sell US Stores For $104M In Ch. 11
A Delaware bankruptcy judge Tuesday approved a request from jewelry chain Claire's for permission to sell some of its U.S. stores and intellectual property to a private holding company for $104 million in cash, along with other inducements, after stakeholders reached a consensus.
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September 09, 2025
Wind Turbine Maker Gets OK To Hand Off Turkish Subsidiaries
A Texas bankruptcy judge Tuesday gave wind turbine blade maker TPI Composites permission to hand off its Turkish operations to a local owner, a move the company said will save it $31 million in intercompany obligations.
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September 09, 2025
2nd Circ. Allows NY AG To Curb Nonprofit's Debtor Coaching
The Second Circuit vacated a lower court order that prevented New York Attorney General Letitia James from stopping a bankruptcy education nonprofit from advising low-income debtors Tuesday, saying that while the state's unauthorized practice of law statutes regulate speech, they are content neutral and should be reviewed under intermediate scrutiny.
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September 09, 2025
Butler Snow Bankruptcy Duo Joins Vartabedian Hester
Dallas area litigation boutique Vartabedian Hester & Haynes LLP announced Tuesday that a pair of experienced bankruptcy attorneys joined the firm from Butler Snow LLP.
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September 09, 2025
Catching Up With New Bankruptcy Case Action
A bankrupt trucking company's founders asked for U.S. recognition of their own foreign insolvencies, bids the court rejected on Tuesday. Also, a biotech company filed for Chapter 11 with at least $2.7 million in liabilities, and a bowling and eatery chain hit bankruptcy in Delaware.
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September 09, 2025
Approach The Bench: Judge Shannon Discusses Bankruptcy
Bankruptcy might seem like a technical and obscure practice area, but not to U.S. Bankruptcy Judge Brendan Shannon.
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September 08, 2025
Wolfspeed Gets OK For Ch. 11 Plan Cutting $4.6B Debt
A Texas bankruptcy judge said Monday he would approve a Chapter 11 plan slashing $4.6 billion of chipmaker Wolfspeed Inc.'s debt, overruling an objection from the U.S. Trustee's Office to the opt-out mechanism for obtaining creditor support for third-party releases.
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September 08, 2025
FDIC Bests Farella Braun In Dispute Over SVB Legal Fees
A California federal judge has sided with the Federal Deposit Insurance Corp. in a dispute over $48,800 in unpaid legal bills that Farella Braun & Martel LLP sought for work it did before Silicon Valley Bank's collapse, finding the firm's invoices lacked key details like hours and billing rates.
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September 08, 2025
London Insurers Owe Full Coverage Limits To NY Archdiocese
Certain underwriters at Lloyd's of London and other London market insurers must pay their full applicable policy limits under policies issued to the Archdiocese of New York, a state court ruled Monday in the archdiocese's suit seeking coverage for thousands of sexual abuse claims.
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September 08, 2025
Calif. Says Defunct SVB Owes State Over $76M In Taxes
The former parent company of Silicon Valley Bank owes the state of California upward of $76 million in taxes on income from a portfolio of securities for years leading up to the bank's failure, a state taxing authority told a New York bankruptcy court.
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September 08, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, a bankruptcy administrator for a generic drugmaker formerly known as Teligent was told he can proceed with duty of oversight claims against most former officers and directors of the company, who the administrator said was complicit in the company's collapse. In an opinion, the Court of Chancery cites its 1996 decision In re Caremark International Inc. Derivative Litigation, which refined director duties of care and oversight.
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September 08, 2025
Attys Accused Of Filing Fake Docs In Miss America Dispute
A real estate developer, his associates and his current and past attorneys submitted fake contracts as evidence of their ownership of the company that runs the Miss America pageant in a $500 million lawsuit and should face sanctions, the plaintiffs — who allege they're the rightful owners — told a Florida federal judge Saturday.
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September 08, 2025
Spirit Airlines Cleared To Tap Over $275M To Fund Ch. 11
Budget air carrier Spirit Airlines secured a New York bankruptcy judge's approval Monday of its bid to borrow up to $275 million and use other funds to support the business as Spirit gears up to reject aircraft leases during its Chapter 11.
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September 08, 2025
NY Diocese Wins OK Of Ch. 11 Plan, Yellow Nears Approval
A New York judge authorized the Chapter 11 plan of the Roman Catholic Diocese of Rochester, Yellow Corp.'s newest bankruptcy plan disclosure statement won tentative approval, and Monster.com was given the go-ahead to begin collecting votes on a Chapter 11 plan. This is the week in bankruptcy.
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September 08, 2025
Modivcare Ch. 11 Gets 7-Member Creditor Committee
The Office of the U.S. Trustee has appointed a seven-member committee of unsecured creditors in the Chapter 11 bankruptcy of medical transportation company Modivcare Inc., including an affiliate of the ride-hailing company Uber.
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September 05, 2025
Trio Of Pros Oversee Patient Care In Genesis' Ch. 11
Three legal and restructuring professionals from across the country have been appointed to monitor the care of about 15,000 patients living in facilities operated by the bankrupt nursing home chain Genesis Healthcare Inc. as part of the company's Chapter 11 in Texas.
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September 05, 2025
Trucking Co. Owners Seek Ch. 15 Nods For Their Bankruptcies
Founders of bankrupt trucking group Pride Group Holdings Inc. have asked a Delaware bankruptcy court to recognize their personal Canadian bankruptcies, saying they filed for Chapter 15 to once again pause litigation by a Mitsubishi-connected lender.
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September 05, 2025
What's Happening In Bankruptcy Court This Coming Week
Spirit Airlines will ask a New York bankruptcy court for permission to use cash collateral in its latest Chapter 11. A Texas bankruptcy judge will weigh chipmaker Wolfspeed's disclosure and Chapter 11 plan. And courts in Delaware and New York will hold omnibus hearings for SVB Financial Group and Claire's.
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September 05, 2025
Not That Zuckerberg: Atty Sues Meta Over FB Page Takedown
Indianapolis bankruptcy attorney Mark S. Zuckerberg is suing Meta Platforms Inc. after his firm's commercial Facebook account was repeatedly suspended because of his shared name with the tech company's CEO and founder.
Expert Analysis
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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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.