Large Cap

  • March 09, 2026

    First Brands Says Factor's Ch. 11 Claim Is Protected By Cash

    Financially troubled auto parts maker First Brands Group told a Texas bankruptcy judge Monday that a third-party factoring lender is protected by cash in segregated bank accounts that the debtor said provide an adequate liquidity cushion for the factor, opposing a request to require it to set aside $60.5 million to safeguard the creditor's recovery.

  • March 09, 2026

    Reed Smith, Greenberg Traurig Fight Gas Feud Sanctions

    Both Reed Smith LLP and Greenberg Traurig LLP provided nothing more than "zealous advocacy" for their respective clients amid an international petroleum shipping dispute between Eletson Holdings and Levona Holdings Ltd., the two law firms have argued in separate opposition briefs fighting sanctions motions stemming from the matter.

  • March 09, 2026

    Meet The Committee Counsel In Eddie Bauer Stores' Ch. 11

    A committee of trade creditors is asking permission from a New Jersey bankruptcy judge to hire a trio of Pachulski Stang Ziehl & Jones LLP attorneys to represent the unsecured creditors in the Chapter 11 case of the retailer of the Eddie Bauer brand.

  • March 09, 2026

    Serta Trial Begins, Texas Judges To Ponder Ch. 7 Exemptions

    A Texas bankruptcy court began a trial regarding Serta Simmons Bedding's 2020 "uptier" debt exchange, the Lone Star State's supreme court agreed to weigh in on whether LLCs are exempt from Ch. 7 estates and Prime Core's Chapter 11 trust initiated a $13 million adversary suit.

  • March 09, 2026

    Kirkland Adds Ex-DOJ Criminal Division Leader In New York

    Kirkland & Ellis LLP has hired the former head of the U.S. Department of Justice's Criminal Division, who most recently helped oversee corporate enforcement matters, cases dealing with foreign bribery, fraud, sanctions and more, the firm announced on Monday.

  • March 06, 2026

    Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit

    Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.

  • March 06, 2026

    Buffalo Diocese HQ Auction Set Despite Leaseback Concerns

    A New York bankruptcy judge approved the bidding procedures for the sale of the headquarters of the Roman Catholic Diocese of Buffalo, which includes a $4.5 million stalking horse bid with a leaseback provision.

  • March 06, 2026

    Del Monte Lenders Challenge Ch. 11 Settlement Approval

    A group of minority lenders to food producer Del Monte has appealed the green light a New Jersey bankruptcy judge gave to a creditor deal last month, weeks after arguing the agreement forfeited causes of action that could be worth more than $200 million.

  • March 06, 2026

    Texas Justices To Weigh LLC Exemption For Ch. 7 Appeal

    The Texas Supreme Court on Friday agreed to help the Fifth Circuit resolve a bankruptcy case appeal by determining if a limited liability company governed by Texas law qualifies as exempt property in a bankruptcy proceeding.

  • March 06, 2026

    Meet The Attorneys Advising Cumulus Media In Ch. 11

    Cumulus Media has filed for Chapter 11 protection in Texas, kicking off its second bankruptcy in a decade and seeking to slash $600 million of debt from its balance sheet. The debtor enlisted counsel from Paul Weiss Rifkind Wharton & Garrison LLP and Porter Hedges LLP to steer the case.

  • March 06, 2026

    What's Happening In Bankruptcy Court This Coming Week

    In the week ahead, bankruptcy courts will consider issues including whether to put a trustee in charge of Fat Brands' Chapter 11, if an Illinois horse track can get interim financing access and Spirit Airlines' asset auction procedures.

  • March 06, 2026

    Sullivan & Cromwell Gets Another $1.6M In Linqto Ch. 11 Fees

    A Texas bankruptcy judge agreed Friday to approve more than $1.6 million in fees for defunct investment platform Linqto's special Chapter 11 counsel from Sullivan & Cromwell, commending the firm's work and overruling an objection from creditors.

  • March 05, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Asbestos claimants asked the Fourth Circuit to rethink protecting a bankruptcy stay even though the debtor isn't insolvent. Creditors objected to final Chapter 11 financing approval for Inspired Healthcare Capital. And a New York appellate court rejected a bid to reargue document releases in insurance litigation related to a Catholic parish's bankruptcy.

  • March 05, 2026

    Energy Firms Ordered To Split Trade Secrets Case Settlement

    A Texas Business Court judge ordered two energy companies to split a settlement that resolved a trade secrets case relating to cost-cutting measures taken on a $639 million acquisition of Shell assets, finding both parties were entitled to the settlement funds.

  • March 05, 2026

    Jilted Citgo Buyer Takes Aim At Special Master's Fee Bid

    Jilted Citgo bidder Gold Reserve Ltd. continues to urge a Delaware federal court to reject a special master's bid for another $15.3 million in fees, saying he hasn't shown he is complying with a court order aimed at reducing his expenses.

  • March 05, 2026

    Solar Co. Meyer Burger Can Solicit Ch. 11 Plan Votes

    A Delaware bankruptcy judge Thursday conditionally approved the disclosure statement of a U.S. affiliate of Swiss solar panel company Meyer Berger, having canceled a hearing planned for later in the day when the debtor reached consensus with the U.S. Trustee's Office.

  • March 05, 2026

    ModivCare Slams AlixPartners' $5M Fee Request In Ch. 11

    Bankrupt medical transport company Modivcare has objected to its financial adviser AlixPartners LLP's application for nearly $5 million in professional fees for 111 days of work performed in its Chapter 11 case, saying the fees were inflated.

  • March 05, 2026

    Radio Co. Cumulus Media Hits Ch. 11 Again With $700M Debt

    Cumulus Media, a company that operates almost 400 radio stations across the country, filed for Chapter 11 protection Thursday in Texas bankruptcy court with a plan to cut $600 million in debt, the business's second bankruptcy filing in less than a decade.

  • March 04, 2026

    3rd Circ. Nixes Stay Of Bankruptcy Court Order In Ligado Case

    The Third Circuit has allowed a Delaware bankruptcy judge to make Inmarsat Global Ltd. support a spectrum-rights application filed by telecommunications group Ligado Networks LLC and AST SpaceMobile Inc.

  • March 04, 2026

    Data No Longer An Afterthought In Real Estate

    Data is an increasingly important component of the real estate business, informing operations and helping to shape expansion strategy and acquisitions. Its custodianship, legal structure, licensing agreements and the contracts governing data performance and use are all important points that attorneys who specialize in technology transactions negotiate.

  • March 04, 2026

    Office Building REIT Inks $60M Deal With Noteholders

    Office Properties Income Trust, the national office space owner and leasing company, has tentatively agreed to pay $60 million to a group of secured noteholders over roughly seven months as part of a settlement that will be worked into a revised Chapter 11 plan.

  • March 04, 2026

    Ligado Can Claw Back Emails In Ch. 11 Discovery With Boeing

    Emails that Ligado accidentally provided to Boeing are privileged, and it can demand their return, a Delaware bankruptcy judge ruled Wednesday, as the reorganized telecommunications group and aerospace giant gear up for a $55 million claim fight.

  • March 04, 2026

    Looking Back As Boy Scouts Asks To Close 6-Year Ch. 11

    The Boy Scouts of America has asked the Delaware bankruptcy court to officially close its main insolvency proceeding with a final decree, six years to the day since the nationwide youth organization said it would seek a fast exit from Chapter 11.

  • March 04, 2026

    Eddie Bauer Stores Cancel Ch. 11 Auction For Lack Of Bidders

    Bankrupt clothing retailer Eddie Bauer LLC has spiked a planned auction for its assets, saying it received zero qualified bids.

  • March 04, 2026

    BakerHostetler Aided Illegal Insurance Scheme, Trustee Says

    BakerHostetler, along with one of its Atlanta-based attorneys, is the latest law firm to be accused of legal malpractice related to an illegal scheme that sold health insurance-like products.

Expert Analysis

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.

  • The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

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