Large Cap

  • December 22, 2025

    ILFA Spotlight: Boies, Kobre, Irell, McDonald Hopkins Saluted

    The International Legal Finance Association has honored Kobre & Kim LLP, Boies Schiller Flexner LLP, Irell & Manella LLP and McDonald Hopkins LLC for trailblazing work in high-stakes litigation and facilitating litigation funding deals.

  • December 19, 2025

    Boies Schiller Partner Pitched As First Brands Examiner

    A Boies Schiller Flexner LLP partner with experience in matters spanning from asset recovery to international investigations and high-wire global matters has been tapped to probe the bankruptcy of auto parts maker First Brands Group as a Chapter 11 examiner.

  • December 19, 2025

    What's Happening In Bankruptcy Court This Coming Week

    A magnesium producer will ask for final approval of a debtor-in-possession loan funded by its parent company, a heavy machine retailer is asking for approval of its Chapter 11 liquidation plan after selling its business as a going concern, and auto parts giant First Brands has asked a judge to approve procedures it says will assuage concerns about its restructuring process.

  • December 19, 2025

    Nicklaus Cos. Want Creditor Liens Nixed In Ch. 11 Before Sale

    Sporting gear and golf course design firm Nicklaus Cos. has asked the Delaware bankruptcy court to invalidate the liens of its largest creditor and to provide clarity on its claim status ahead of a proposed asset sale in February.

  • December 19, 2025

    Del Monte Strikes Ch. 11 Deal With Creditors, Parent Company

    The mediator overseeing talks between Del Monte and the creditors in its Chapter 11 case reported on Friday that the canned food giant's prospective buyers had agreed to pay unsecured creditors $8 million while its parent company subordinates $164 million in claims.

  • December 19, 2025

    Eletson Defends Reed Smith, Rolnick Kramer Subpoenas

    Eletson Holdings on Friday argued in support of its bid to subpoena Reed Smith LLP and Rolnick Kramer Sadighi LLP as the shipping company seeks to enforce judgments of up to $873,000 that it won in September, telling a New York bankruptcy judge its requests for information were proper.

  • December 18, 2025

    Tricolor Can Sell 10,000 Cars In Ch. 7, Judge Says

    A Texas bankruptcy judge agreed Thursday to approve bankrupt subprime car loan lender Tricolor's procedures for a quick sale of about 10,000 cars in its inventory, saying the debtor appeared to have earned its speedy timeline.

  • December 18, 2025

    Judge Nixes Yellow Corp. Committee's Extra Banker Fees Bid

    A Delaware bankruptcy judge Thursday denied a request from Yellow Corp.'s creditors committee to pay its investment banker an additional $3.75 million, finding the adviser knew the former trucking company's Chapter 11 would be complicated when it agreed to a fixed payment structure.

  • December 18, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Bitcoin mining company Rhodium received the go-ahead for its liquidation plan. The U.S. Trustee's Office suggested installing a Boies Schiller partner as the examiner in First Brands' Chapter 11 and asked that a European packaging maker's bankruptcy proposal be rejected.

  • December 18, 2025

    McGuireWoods Adds Energy Restructuring Pro From DOJ

    McGuireWoods LLP announced Thursday that it has hired a former senior bankruptcy counsel at the U.S. Department of Justice, whose experience includes the two largest offshore oil and gas bankruptcies in U.S. history.

  • December 18, 2025

    TPI Gets OK On $18M Settlement Tied To Uptier Suit

    A Texas bankruptcy judge on Thursday signed off on wind turbine blade maker TPI Composites Inc.'s $18 million deal to end litigation over an uptier transaction it completed years before seeking Chapter 11 protection, letting unsecured creditors share in the recoveries of TPI's senior lender.

  • December 18, 2025

    Purdue Mediator Says Failure Was Not An Option, Part 2

    Former bankruptcy Judge Shelley C. Chapman mediated a $7.4 billion settlement in the Chapter 11 case of Purdue Pharma that received court approval last month. She spoke with Law360 about the pressure she faced to reach a deal and the 18-hour mediation sessions that came with renewed negotiations after the U.S. Supreme Court threw out a critical element of the agreement. She also discussed the role of nonmonetary relief for creditors, including the removal of the Sackler name from buildings and institutions.

  • December 17, 2025

    Watchdog Pushes To Strip Genesis Of Ch. 11 Control

    The U.S. Trustee's Office is seeking to wrest control from bankrupt Genesis Healthcare Inc., alleging the nursing home operator's Chapter 11 case in Texas is being undermined by an insider and his loyalists and arguing that new independent oversight is needed.

  • December 17, 2025

    Jackson Walker Wants Settlements Heard Before Romance Trial

    Following a Texas federal judge's decision to hold off on reviewing malpractice settlements with former bankruptcy clients, Jackson Walker LLP asked the court to reconsider, as the pending motions could save parties time and money.

  • December 17, 2025

    Meet The Attorneys In Self-Driving Tech Co. Luminar's Ch. 11

    A team of lawyers from Weil Gotshal & Manges LLP is representing Luminar Technologies Inc., a developer of lidar technology used in autonomous vehicles, in its Chapter 11 case as the company moves to sell its assets. 

  • December 17, 2025

    Purdue Ch. 11 Mediator Says Settlement Took A Village, Part 1

    Former U.S. Bankruptcy Judge Shelley C. Chapman oversaw the most complex mediation she has seen to date as she guided settlement negotiations in the Chapter 11 case of OxyContin maker Purdue Pharma, and those efforts resulted in a $7.4 billion deal confirmed by a New York court last month.

  • December 17, 2025

    Jenner & Block Elevates 15 To Partner, Special Counsel

    Jenner & Block LLP has selected 15 attorneys in five offices who will receive new titles when the new year begins, including an increase in the number of partners promoted versus last year and a slight dip among special counsel promotions.

  • December 17, 2025

    First Brands' Former CEO Moves To Dismiss Fraud Case

    Patrick James, the founder and former CEO of First Brands Group, urged a Texas bankruptcy judge to toss an adversary suit the auto-parts maker filed targeting him, saying the complaint failed to adequately accuse him of fraudulent activity.

  • December 17, 2025

    Tricolor Execs Charged With Fraud In Billion-Dollar Collapse

    A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.

  • December 16, 2025

    Luminar Can Use $25M Cash Reserves For Speedy Ch. 11

    A Texas bankruptcy judge Tuesday agreed to allow Luminar Technologies Inc., a bankrupt developer of lidar technology for autonomous vehicles, to use its $25 million in cash collateral to fund its Chapter 11 case as it heads to a planned sale.

  • December 16, 2025

    Pine Gate Gets OK For $500M Credit Bid Sale In Ch. 11

    Bankrupt solar energy developer Pine Gate Renewables can proceed with a credit bid asset sale to one of its secured lenders valued at about $500 million, a Texas bankruptcy judge decided Tuesday.

  • December 16, 2025

    Levona Says New Docs Show Reed Smith Lied In $102M Feud

    Levona Holdings Ltd. is pressing a Manhattan federal court to vacate what it calls a fraudulent $102 million arbitral award issued to international shipping company Eletson, arguing that new documents released under the crime-fraud exception show that the company and its prior attorneys at Reed Smith LLP lied during the arbitration.

  • December 16, 2025

    Bullivant Houser Files For Ch. 11 After November Closure

    The now-shuttered Bullivant Houser Bailey PC has filed for Chapter 11 protection in California, with its chief dissolution officer saying the bankruptcy was filed so the firm can liquidate its assets as it continues "an orderly wind-down" of its operations.

  • December 16, 2025

    Catching Up With New Bankruptcy Case Action

    The company behind Roomba robot vacuums entered Chapter 11 in Delaware. A subsidiary of sustainable metal and glass packaging company Ardagh Group filed for Chapter 15 recognition in New York. And a self-driving technology company petitioned for bankruptcy protection in Texas.

  • December 16, 2025

    Willkie Adds Another Kirkland Restructuring Pro In New York

    Willkie Farr & Gallagher LLP has added another restructuring attorney from Kirkland & Ellis LLP after recently welcoming a Kirkland attorney as chair of its restructuring group.

Expert Analysis

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • Law School's Missed Lessons: Client Service

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    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

  • ConvergeOne Ruling May Disrupt Backstop Fee Approach

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    A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted market practice when it comes to sourcing new capital for a restructuring, while offering a nebulous market test for a new approach, say attorneys at Ropes & Gray.

  • Junior Attys Must Beware Of 5 Common Legal Brief Mistakes

    Excerpt from Practical Guidance
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    Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.

  • 3rd Circ. Clarifies Ch. 11 3rd-Party Liability Scope Post-Purdue

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    A recent Third Circuit decision that tort claims against the purchaser of a debtor's business belong to the debtor's bankruptcy estate reinvigorates the use of Chapter 11 for the resolution of nondebtor liability in mass tort bankruptcies following last year's U.S. Supreme Court ruling in Purdue Pharma, say attorneys at Sullivan & Cromwell.

  • Power To The Paralegals: How And Why Training Must Evolve

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    Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.

  • Law School's Missed Lessons: Mastering Time Management

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    Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

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    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

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