Large Cap
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April 21, 2026
Purdue Pharma Sentencing Punted For In-Person Attendance
A New Jersey federal judge delayed Oxycontin maker Purdue Pharma's criminal sentencing by a week, saying rescheduling would give an in-person attendance option to hundreds of observers who tuned in virtually Tuesday.
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April 21, 2026
Sullivan & Cromwell Alerts SDNY To AI Errors In Ch. 15 Case
Sullivan & Cromwell LLP told a New York bankruptcy judge Saturday that an emergency motion it filed in Prince Global Holdings Ltd.'s Chapter 15 case contained several inaccurate citations and other errors, including what the firm described as artificial intelligence "hallucinations."
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April 21, 2026
Catching Up With New Bankruptcy Case Action
Home shopping network owner QVC entered Chapter 11, as did a solar panel installation company based in California, and a Cayman Islands-based solar business sought Chapter 15 recognition.
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April 21, 2026
Meyer Burger Unit Gets OK On Ch. 11 Wind-Down Plan
A Delaware bankruptcy judge Tuesday signed off on the Chapter 11 liquidation plan of Swiss solar panel company Meyer Burger's U.S. arm, letting the subsidiary sell off its remaining assets and wrap up its bankruptcy.
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April 20, 2026
Beasley Allen Pro Hac Vice Revoked In Philly J&J Talc Cases
A Pennsylvania state court has booted Beasley Allen Law Firm attorneys from representing consumers in nine cases that link Johnson & Johnson's talcum powder to ovarian cancer, saying their pro hac vice admission was inappropriate given the firm's dealings with an attorney who previously represented the company.
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April 20, 2026
The Onion Makes Deal To Run Alex Jones' Infowars
The state court-appointed receiver of conspiracy theorist Alex Jones' Infowars media business has reached an agreement to license its trademark and domain name to The Onion, as the satirical news outlet seeks another chance at running Jones' website.
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April 20, 2026
Del. Bankruptcy Judge Dies, Jones Day DQ'd In Miner's Ch. 11
A New York bankruptcy judge determined Jones Day cannot represent former talc producer Vanderbilt Minerals in its Chapter 11 case. Label maker Multi-Color and film producer Village Roadshow confirmed Chapter 11 plans. And U.S. Bankruptcy Judge John T. Dorsey, the former chief judge of Delaware's bankruptcy court, passed away "following a courageous battle with cancer." This is the week in bankruptcy.
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April 20, 2026
Justices Mull Limits On Federal Review Of State Cases
The U.S. Supreme Court on Monday wrestled with the potential impact of reining in — or even scrapping altogether — a 100-year-old doctrine that curbs litigants' ability to go to federal court to try to overturn a state court loss.
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April 20, 2026
Inspired Healthcare Creditors Object To Reid Collins Retention
Inspired Healthcare's unsecured creditors have urged a Texas bankruptcy judge to deny the company's bid to retain Reid Collins & Tsai LLP to help investigate the debtor's pre-Chapter 11 conduct, saying that task should fall to unsecured creditors instead.
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April 20, 2026
High Court Won't Hear 3rd Circ. J&J Class Cert. Appeal
The U.S. Supreme Court on Monday said it won't review a class certification challenge in a securities class action over Johnson & Johnson's cancer-related talc products in the latest development in a closely watched dispute over how courts evaluate class certification in shareholder suits.
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April 17, 2026
QVC Aiming For Late May Ch. 11 Plan Confirmation
QVC told a Texas bankruptcy judge Friday the home shopping television company wants to get its Chapter 11 debt swap plan confirmed by late May and emerge from the insolvency process within 90 days, as it seeks to cut $5 billion of liabilities from its balance sheet.
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April 17, 2026
Solar Co. Freedom Forever Blames Unpaid Bills For Ch. 11
Solar company Freedom Forever told a Delaware bankruptcy judge Friday that missed payments that mounted after the passage of the federal budget reconciliation bill last year were largely the cause of its Chapter 11 filing this week.
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April 17, 2026
What's Happening In Bankruptcy Court This Coming Week
Purdue Pharma will undergo an omnibus hearing and get criminally sentenced, Office Properties Income Trust will seek plan confirmation and Spirit will vie for the all-clear to take a vote on its own plan.
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April 17, 2026
Pa. Judge Steps Aside From Case Over Threats To Judges
A Pennsylvania federal judge agreed to step aside from a criminal case involving a man accused of threatening to kill judges after the man pointed out that the jurist had presided over a related bankruptcy matter.
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April 17, 2026
Battery Recycling Co. Set For May Ch. 11 Auction
A Texas bankruptcy judge Friday approved Ascend Elements' expedited timeline for a Chapter 11 auction, after the battery recycling firm reached consensus on reserving the rights of objecting parties.
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April 17, 2026
Nussbaum-Linked Law Firms Hit Ch. 11 Facing Scheme Suits
Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.
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April 16, 2026
Optimum Defends Antitrust Suit Against Apollo, BlackRock
Apollo, Ares, BlackRock and other financial giants are colluding to block Optimum Communications Inc. from negotiating a debt refinancing to avert bankruptcy, acting as a "cartel" and locking Optimum out of credit markets, Optimum said in a brief opposing the investors' bid to dismiss its antitrust suit in New York.
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April 16, 2026
Judge Agrees To OK Battery Recycler's May Ch. 11 Auction
A Texas bankruptcy judge said Thursday he was inclined to approve Ascend Elements' speedy schedule for a Chapter 11 auction in May but held off on making a ruling to let the battery recycling company continue discussions with objectors.
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April 16, 2026
Patient Care Ombudsman Named In Inspired Healthcare Ch. 11
The U.S. Trustee's Office has appointed an ombudsman to oversee the care of thousands of residents of retirement homes owned by bankrupt private equity investor Inspired Healthcare Capital.
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April 16, 2026
Multi-Color Wins OK For Ch. 11 Plan Cutting $3.9B In Debt
A New Jersey bankruptcy judge on Thursday confirmed Multi-Color Corp.'s reorganization plan less than three months after the label-maker sought Chapter 11 protection, allowing the company to slash $3.9 billion in debt and raise $889 million in new capital.
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April 16, 2026
NJ Judge Clears Eddie Bauer Retail Operator's Ch. 11 Plan
A New Jersey bankruptcy judge said Thursday she would confirm the Chapter 11 liquidation plan from a company operating Eddie Bauer retail stores, following a settlement last month between the debtor and its lenders and creditors.
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April 16, 2026
QVC Hits Ch. 11 With Prepackaged Plan To Slash $6.6B Debt
QVC Group Inc., the owner of pioneering home shopping television networks, filed for Chapter 11 protection in Texas on Thursday to slash about 80% of its $6.6 billion of debt, after turnaround efforts that cut jobs and launched live events on TikTok have failed to fully offset weakening consumer sentiment, the impact of tariffs and the yearslong slide of cable television.
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April 15, 2026
Oi Noteholders Lose Ch. 15 Bid To Block Sale In Brazil
A New York bankruptcy judge Wednesday declined to stop a sale of telecommunications company Oi's equity stake in a Latin American fiber internet provider, finding it wasn't the role of a Chapter 15 judge to issue such a decision and acknowledging that the parties may return to U.S. courts once the sale is consummated.
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April 15, 2026
Winston & Strawn Must Face $1.7B GloriFi Malpractice Suit
A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a Texas bankruptcy judge saying the trustee sufficiently pled breach claims against law firm Winston & Strawn.
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April 15, 2026
Judge John T. Dorsey's Legacy On The Bench And Beyond
A Delaware bankruptcy judge who oversaw cases such as the insolvencies of crypto supernova FTX and Irish pharmaceutical company Mallinckrodt has died "following a courageous battle with cancer," the court said Wednesday. Friends and colleagues, paying tribute, highlighted and mourned a brave, clever and dynamic man.
Meet The Kirkland, Gray Reed Lawyers Guiding QVC's Ch. 11
A team of attorneys from Gray Reed and Kirkland & Ellis are leading home shopping television company QVC through what they hope will be a quick trip through Chapter 11.
QVC Eyes Quick Ch. 11 Under The Shadow Of Big Questions
The buttoned-up Chapter 11 plan filed by QVC Group lays out a smooth course to speed through bankruptcy, as unsecured creditors are to be paid in full and its restructuring focuses on its balance sheet without touching operations, but the retailer's long-term survival still seems uncertain, experts told Law360.
Under The Radar: Bankruptcy News You May Have Missed
Satellite company Inmarsat appealed an order escrowing settlement funds, the U.S. trustee balked at an Eddie Bauer retail operator's plan releases to no avail, and a New York bankruptcy judge approved a brain scan equipment maker for post-petition financing.
Expert Analysis
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E-Discovery Quarterly: Recent Rulings On ESI Control
Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information – with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.
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2 Discovery Rulings Break With Heppner On AI Privilege Issue
While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.
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What A Court Doc Audit Reveals About Erroneous Filings
My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.
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Getting The Most Out Of Learning And Development Programs
Excerpt from Practical Guidance
Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.
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AI Presents A Make-Or-Break Moment For Outside Counsel
The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.
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8 Tariff Refund Questions For Restructuring Professionals
For restructuring and turnaround professionals, seeking refunds following the U.S. Supreme Court's recent decision invalidating tariffs imposed under the International Emergency Economic Powers Act raises several questions about how to capture legitimate recoveries while protecting an enterprise from the consequences of its own history, says Jonny Frank and Laura Greenman at StoneTurn, and Andrew Popescu at Province.
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Using Liability Forecasts In Financial Reports Vs. Bankruptcy
Understanding the differences of scope, time frame and stakes between liability forecasts drawn up for financial reports versus those used in bankruptcy litigation is crucial for attorneys seeking to leverage economic analysis to ask the right questions, and strengthen their compliance and courtroom strategies, says Jorge Gallardo-García at Bates White.
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When 'Qualified Transferees' Can Chill UCC Foreclosures
A recent New York state court decision in a closely watched real estate dispute in WWP Mezz LLC v. WWP Mezz Investment Co. is a reminder to lenders, and a warning to borrowers, of the Uniform Commercial Code foreclosure's immense power as a lender remedy, says Joshua Wurtzel at Schlam Stone.
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5 Tips For Navigating Your Firm's All-Attorney Summit
Excerpt from Practical Guidance
Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.
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How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs
In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.
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Law School's Missed Lessons: The Human Element
Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.
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Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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Charges Signal Tougher Stance On Execs' Bankruptcy Fraud
The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.