Large Cap
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November 17, 2025
Purdue, Sunnova Score Approvals For Ch. 11 Plans
Purdue Pharma secured a judge's approval of its new bankruptcy plan. The U.S. Supreme Court won't review a ruling regarding the Serta Simmons Chapter 11 plan. And solar panel company Sunnova also got a court's permission to implement a bankruptcy plan.
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November 17, 2025
MVP: Willkie's Brett H. Miller
Brett Miller of Willkie Farr & Gallagher LLP represented the unsecured creditors' committees of leading Scandinavian airline SAS AB, Chilean telecom WOM SA, Brazilian airline Gol Linhas Aéreas Inteligentes SA and oil refiner Vertex Energy Inc., earning him a spot as one of the 2025 Law360 Bankruptcy MVPs.
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November 17, 2025
Yellow Corp. Creditors Better Off With Ch. 11 Plan, Judge Says
A Delaware bankruptcy judge confirmed the Chapter 11 plan of bankrupt trucking firm Yellow Corp. on Monday, saying the costs of protracted litigation and claims disputes would eat into creditor recoveries if the case were converted to a Chapter 7 liquidation, as an objecting shareholder had proposed.
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November 17, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court and Delaware Supreme Court last week had a dense slate of fiduciary duty battles, merger-process challenges, post-bankruptcy fights and a series of cases probing the limits of fraud pleading, credible-basis inspections and board-level disclosure duties.
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November 17, 2025
Diamond Co. Lugano Hits Ch. 11 With $500M+ Debt, Sale Plans
Luxury jewelry house Lugano Diamonds & Jewelry Inc. has hit Chapter 11 in Delaware with more than $680 million in debt as it seeks to recover from its former CEO's alleged fraudulent diamond transactions.
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November 17, 2025
Justices Pass On Avianca's Ch. 11 Lease Obligation Appeal
The U.S. Supreme Court on Monday declined to take up Latin America airline Avianca's challenge to the Second Circuit's decision that aircraft lease broker fees that became due during its Chapter 11 were administrative expense claims, not general unsecured claims.
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November 14, 2025
New Orleans Diocese's $230M Ch. 11 Deal To Face Lender Fire
After five years in bankruptcy, the New Orleans Catholic diocese is heading for a high-stakes, multiday trial on its Chapter 11 plan on Monday with the support of sexual abuse claimants who cut a $230 million deal for survivors, but strong opposition from bondholders facing a more than $20 million haircut.
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November 14, 2025
Judge Orders Mediation In CCA Construction Ch. 11 Case
A New Jersey bankruptcy judge ordered Chinese state-owned construction firm CCA Construction to engage in mediation with BML Properties, the developer of the Baha Mar resort in the Bahamas, as BML seeks to enforce a $1.7 billion judgment it obtained against CCA and affiliates last year.
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November 14, 2025
Mawson Says Ex-CEO Misled Board To Land $2.6M Bonus
Mawson Infrastructure Group has accused its former CEO in Delaware's Chancery Court of concealing the bitcoin mining company's deteriorating finances and the collapse of a key prospective contract so he could secure board approval for a bonus worth about $2.6 million.
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November 14, 2025
First Brands Lenders Seek New Counsel For Finance Entities
Lenders of First Brands are arguing to a Texas bankruptcy judge that the company's financing entities need their own separate attorneys in the auto parts maker's Chapter 11 case, citing concerns about conflicts of interest.
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November 14, 2025
What's Happening In Bankruptcy Court This Coming Week
The Roman Catholic Archdiocese of New Orleans, Yellow Corp. and 23andMe will each go before a bankruptcy judge over the coming week to seek Chapter 11 plan confirmation.
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November 14, 2025
MVP: Weil's Ronit Berkovich
Ronit Berkovich of Weil Gotshal & Manges LLP's bankruptcy practice ascended to co-chair of her team and helped guide Avon Products through a roughly $1.3 billion Chapter 11 case to plan confirmation, earning her a spot as one of the 2025 Law360 Bankruptcy MVPs.
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November 14, 2025
Purdue's $7.4B Ch. 11 Plan To Be Confirmed
A New York bankruptcy judge agreed to confirm the $7.4 billion Chapter 11 plan of Purdue Pharma LP on Friday, saying he would issue a formal bench ruling next Tuesday explaining his decision.
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November 13, 2025
Weil, Akin Defend Fee Requests In Steward Health Bankruptcy
Weil Gotshal & Manges LLP, representing Steward Health Care in its Chapter 11 bankruptcy, and Akin Gump Strauss Hauer & Feld LLP, representing the hospital operator's committee of unsecured creditors, defended their respective professional fee requests that add up to over $304 million in response to Massachusetts' objections.
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November 13, 2025
Objecting Claimants Have Their Say On Purdue Ch. 11 Plan
A New York bankruptcy judge heard statements from more than a dozen opioid personal injury claimants objecting to the Chapter 11 plan of OxyContin maker Purdue Pharma Thursday as the pro se objectors shared concerns about their recoveries, the lack of criminal prosecution of the company's owners and faults in the system that allowed the opioid crisis to occur in the first place.
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November 13, 2025
Texas' Bankruptcy Judge Romance Scandal, 2 Years Later
It's been more than two years since the news of the undisclosed romantic relationship between former U.S. Bankruptcy Judge David Jones and former Jackson Walker attorney Elizabeth Freeman rocked Houston's popular bankruptcy court.
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November 13, 2025
Meet The Key Players In Houston's Bankruptcy Ethics Scandal
In October 2023, the Southern District of Texas' rising bankruptcy court was shaken by the sudden resignation of then-U.S. Bankruptcy Judge David R. Jones, after a lawsuit and media reports revealed he had been in a romantic relationship with a local bankruptcy lawyer, Elizabeth Freeman, information that neither Jones nor the attorney disclosed to clients.
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November 13, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Long Island Catholic diocese brought its Chapter 11 case to a close, the U.S. trustee objected to a bid by metal recycling company Aleon Metals to end its Chapter 11, and remodeling group Renovo was slapped with two putative class actions.
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November 13, 2025
Judge Halts Jackson Walker Secret Romance Settlements
A Texas federal judge has paused a number of settlements between Jackson Walker LLP and former clients, criticizing the firm for trying to undermine the U.S. Trustee's investigation into alleged malpractice stemming from a secret romance between a former partner and a bankruptcy judge.
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November 13, 2025
MVP: Sullivan & Cromwell's James Bromley
James Bromley, a partner at Sullivan & Cromwell LLP, has handled some of the country's largest and most complex bankruptcy cases in the past year — including FTX Trading Ltd., SVB Financial Group and Diamond Sports, representing Major League Baseball — earning him a spot as one of the 2025 Law360 Bankruptcy MVPs.
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November 13, 2025
Tricolor Ch. 7 Trustee Gets OK To Hire McDermott
The Chapter 7 trustee for subprime car lender and seller Tricolor Holdings received a Texas bankruptcy court's approval Thursday to retain international law firm McDermott Will & Schulte, as well as a Dallas-based bankruptcy law firm Cavazos Hendricks Poirot PC as special counsel.
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November 13, 2025
Ex-Bank Owner Fights FTX Investment Clawback Attempt
Counsel for the owner of a defunct bank on Thursday asked a Delaware bankruptcy judge to stop efforts to claw back an $11.5 million investment by bankrupt cryptocurrency exchange FTX, saying there were no allegations he personally profited from the deal.
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November 13, 2025
Mining Co. Digs At Friend Turned Foe In $7.38B Citgo Battle
A Bermuda mining company has sued a Canadian counterpart in the Delaware Chancery Court for allegedly using insider information from a confidential bidding alliance to switch sides in a court-run auction of Citgo Petroleum's parent company.
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November 13, 2025
Efforts To DQ Judge In Venezuelan Debt Case Come Up Short
A federal judge on Thursday denied efforts to unseat him and the court-appointed special master overseeing the sale of Citgo's parent company to satisfy billions of dollars in Venezuelan debt, ruling that the motions are both procedurally defective and unmeritorious.
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November 12, 2025
Meet The Attorneys Advising Pine Gate Renewables In Ch. 11
Lawyers from Latham & Watkins LLP and Hunton Andrews Kurth LLP are advising solar energy developer Pine Gate Renewables as the company works to sell its assets during a Chapter 11 case in Texas bankruptcy court.
Expert Analysis
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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Franchise Group Dispute Reflects Rising Intercreditor Suits
A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.
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Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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Law School's Missed Lessons: Becoming A Firmwide MVP
Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Teaching Business Law Makes Me A Better Lawyer
Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.