Large Cap
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January 22, 2026
Pa. Justices Say Chester Can't Move Utility Assets Alone
The Supreme Court of Pennsylvania has declared that the city of Chester lost the ability to single-handedly reclaim the assets of its water utility when the composition of the authority's board changed.
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January 22, 2026
First Brands Lifts Stay, Keeps Affiliate Cases Alive In Deal
Counsel for car parts maker First Brands told a Texas bankruptcy judge Thursday it agreed to lift the automatic stay of its Chapter 11 case to allow certain lenders to access around $250 million of inventory collateral, under an agreement that also resolved a motion to dismiss the bankruptcies of debtor-affiliated special purpose vehicles.
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January 22, 2026
SpaceX Eyes IPO, Spirit Mulls PE Owner, And Other Rumors
Elon Musk's SpaceX is putting together a group of Wall Street investment banks for a potential IPO, Spirit Airlines is in talks with investment firm Castlelake to help lead it out of bankruptcy, and OpenAI CEO Sam Altman looks to the Middle East to potentially raise tens of billions of dollars.
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January 22, 2026
Retired Judge Oversees Mediation In Porta-Potty Co. Ch. 11
Retired U.S. Bankruptcy Judge Robert D. Drain has until Friday to mediate a conflict at the heart of a Chapter 11 plan proposed by the company behind a major porta-potty provider, with the dispute stemming from a 2024 liability management exercise that did not include a key creditor.
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January 22, 2026
Linqto's Ch. 11 Plan Docs Lack Crucial Info, Creditors Say
The lead plaintiffs in a proposed class action against the former CEO of startup investment platform Linqto Texas objected to the company's proposed Chapter 11 plan late Wednesday, telling a Texas bankruptcy court the documents are missing critical information on assets that will be distributable to general unsecured creditors.
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January 22, 2026
Under The Radar: Bankruptcy News You May Have Missed
The owner of a vacant lot on the Hudson River asked for a bankruptcy judge's blessing to sell the site for $45 million, a Delaware bankruptcy judge rejected Byju's Alpha founder Byju Raveendran's bid for discovery, and a rent-to-own furniture retailer sought approval for the sale of nine stores for $700,000.
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January 22, 2026
Harris Beach Adds Longtime Member Of US Trustee's Office
A veteran member of the U.S. Trustee's Office who worked on high-profile Chapter 11 cases in Connecticut, including those involving Chinese exile Miles Guo and rapper 50 Cent, has joined Harris Beach Murtha Cullina PLLC.
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January 22, 2026
Cadwalader Fund Finance Partner Joins King & Spalding
A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.
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January 21, 2026
Yellow Corp. Defends Pension Fund Deals Amid Objection
Insolvent trucking company Yellow Corp. defended its settlements with 15 multiemployer pension funds to resolve about $7.4 billion worth of withdrawal liability claims after major shareholders objected that the debtor should have settled for less.
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January 21, 2026
Experts Can Testify On Cancer Link In J&J Talc Suits
A special master has said experts for the tens of thousands of women whose suits in New Jersey federal court allege that Johnson & Johnson talc products caused their ovarian cancer can testify at trial about the causal connection between their disease and use of the products.
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January 21, 2026
Creditor Committee Blasts Office Properties' $125M DIP Bid
The unsecured creditors' committee in a Massachusetts-based real estate investment trust's Chapter 11 case balked at the debtor's push for final approval of its proposed $125 million post-petition financing arrangement, saying the deal unnecessarily privileges a noteholders' group at the expense of other parties.
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January 21, 2026
Anthology Lender Says It Should Get Indemnity In Ch. 11 Plan
A creditor of Anthology Inc. has asked a Texas bankruptcy judge to reject the educational technology company's Chapter 11 plan, saying it doesn't provide for money Anthology owes for the creditor's defense against a suit launched by an Anthology affiliate.
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January 21, 2026
Revised Imerys Ch. 11 Plan Heading For Feb. 2 Hearings
Imerys Talc, Cyprus Mines and some of their insurance carriers on Wednesday gave a preview of upcoming confirmation hearings on a joint Chapter 11 plan, with the talc companies arguing before a Delaware bankruptcy judge that the revised plan sufficiently protects insurer rights.
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January 21, 2026
Catching Up With New Bankruptcy Case Action
Saks Global Enterprises LLC began a bankruptcy to address $3 billion in debt, a significant Popeye's Louisiana Kitchen franchise operator declared bankruptcy with over $342 million in liabilities, and a Dallas hospital filed for Chapter 11 with more than $50 million in debt.
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January 20, 2026
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.
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January 20, 2026
SF Diocese's Ch. 11 Abuse Claims Not Covered, Insurers Say
The Archdiocese of San Francisco knew or should have known about sexual abuse allegations against its clergy dating back decades, two insurance companies have argued in a California bankruptcy court lawsuit over policy coverage.
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January 20, 2026
Genesis Healthcare Gets OK On $1B Asset Sale In Ch. 11
A Texas bankruptcy judge on Tuesday signed off on Genesis Healthcare's roughly $1 billion sale of its assets to an affiliate of NewGen Health, about a month after the judge rejected a previous deal that would have kept company insiders in control of Genesis.
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January 20, 2026
Linqto Bankruptcy Filing Was Unjustified, Ex-Exec Says
The former chief executive of Linqto is challenging the investment platform's proposed Chapter 11 plan and has asked a Texas bankruptcy judge to dismiss the case, arguing the debtor is not insolvent.
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January 20, 2026
FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss
The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.
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January 20, 2026
Saks Hits Ch. 11, Appeal Of Boy Scouts Bankruptcy Plan Nixed
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankruptcy case, and the European Commission approved hedge fund Elliott Investment's $5.89 billion bid for control of Citgo's parent. This is the week in bankruptcy.
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January 20, 2026
McDonald Hopkins Forms Practice Group For Law Firm MSOs
Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natural extension of its work on litigation funding deals and private equity investment in other professional services.
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January 20, 2026
Frontier CLO Departs With $2M Severance After Verizon Deal
The chief legal officer at Frontier Communications is set to receive close to $2 million in severance after he and three other company executives resigned on Tuesday following Verizon's takeover of the national fiber network internet service provider.
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January 20, 2026
Meet The Attys Tapped To Deliver On STG Logistics' Ch. 11
Freight company STG Logistics Inc. has assembled a team of lawyers from Kirkland & Ellis LLP and Cole Schotz PC to see it through a bankruptcy it hopes will address more than 90% of its debt before the year is half over.
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January 20, 2026
Justices Set Time Limit To Ax Judgments, Ending 11-1 Split
Almost every circuit court has wrongly allowed litigants to vacate invalid judgments regardless of how long ago the judgments became final, the U.S. Supreme Court ruled Tuesday, endorsing one circuit's outlier interpretation of a decades-old procedural rule.
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January 16, 2026
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
Expert Analysis
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.
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We Must Allow Judges To Use Their Independent Judgment
As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.