Large Cap

  • July 07, 2025

    Lindberg Victims May See $318M Restitution From Asset Sale

    The special master who is untangling convicted billionaire Greg Lindberg's web of companies wants to dole out roughly $318 million in restitution from the sale of one of the mogul's most valuable assets to the insurance companies he is accused of defrauding, court records show.

  • July 03, 2025

    Avianca Asks Justices To Resolve Ch. 11 Lease Obligations

    South America's second-largest airline Avianca on Thursday took a fight stemming from its 2020 bankruptcy to the U.S. Supreme Court, asking the justices to resolve a circuit split over the question of when a Chapter 11 debtor's lease obligations arise.

  • July 03, 2025

    Bankruptcy Judge Lets Del. Court Take Invitae Contract Fight

    A New Jersey bankruptcy judge has abstained from ruling on a motion to dismiss an adversary lawsuit brought by genetic testing company Natera against bankrupt competitor Invitae over a 2024 asset purchase, saying that Delaware's Chancery Court is the preferred venue for deciding the dispute given parallel litigation pending there.

  • July 03, 2025

    Steward's Ch. 11 Plan Faces Mounting Opposition

    Objections to hospital operator Steward Healthcare's Chapter 11 plan piled up, as parties including Humana Insurance Co. and Blue Cross and Blue Shield of Massachusetts Inc. opposed its injunction provisions.

  • July 03, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Coming out of the July Fourth long weekend, bankruptcy judges will consider debtor-in-possession financing requests by solar company Sunnova and fiber developer Tilson, a dispute over trucking firm Yellow Corp.'s Chapter 11 progress, and first-day relief for the Catholic Diocese of Fresno, California.

  • July 03, 2025

    Circuit-By-Circuit Recap: Justices Send Message To Outliers

    It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.

  • July 03, 2025

    Boy Scouts Of America Distributed $164M To Claimants So Far

    Boy Scouts of America has so far transferred nearly $164 million to sexual abuse survivors, according to a monthly report released by the organization's settlement trust. 

  • July 03, 2025

    The Moments That Shaped The Universal Injunction Case

    The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.

  • July 03, 2025

    Sunnova, Wolfspeed Top 2025 Bankruptcies: Midyear Report

    Changes and uncertainty in U.S. federal policy have tipped major companies into bankruptcy this year, with residential solar company Sunnova, auto-parts maker Marelli and others blaming aggressive tariffs and shifting tax regulations for their recent financial troubles.

  • July 03, 2025

    FTX Seeks Claims Process For Countries With Crypto Bans

    The estate of defunct cryptocurrency exchange FTX has asked a Delaware bankruptcy judge to approve procedures for handling distributions to claimants in 49 countries with laws or regulations that it said could restrict any crypto-related transactions.

  • July 03, 2025

    The Firms That Won Big At The Supreme Court

    The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.

  • July 03, 2025

    Breaking Down The Vote: The High Court Term In Review

    The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.

  • July 03, 2025

    Richards Layton Leader Aims To Keep 'Culture Of Expertise'

    As he prepared to take over as Richards Layton & Finger PA's president this week, Paul N. Heath told Law360 Pulse that he aims to ensure the firm maintains its place as a leader in Delaware's legal marketplace and that he builds on the work of his two immediate predecessors.

  • July 02, 2025

    Girardi Asks To Remain Free During Fraud Appeal

    Disbarred attorney Tom Girardi asked a California federal judge on Wednesday to remain free on bond while he appeals his wire fraud conviction, saying he's not a flight risk or danger to the community and there are several issues on appeal that could result in reversal or resentencing.

  • July 02, 2025

    Insurers Blast Avon Ch. 11 Talc Injury Trust

    A group of insurance carriers is asking a Delaware bankruptcy judge to reject cosmetic seller Avon Products' Chapter 11 plan, saying it would unfairly force them to pay possibly bogus talc injury claims.

  • July 02, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A bankruptcy judge approved Village Roadshow's proposal to pay a handful of important employees bonuses to stick around. A brokerage insurer backed a bid for $35.5 million in fees by counsel for the trustee overseeing the Bernie Madoff bankruptcy. A bankruptcy judge threw out media production company Splashlight Holding LLC's Chapter 11.

  • July 02, 2025

    Top Federal Tax Cases Of 2025: Midyear Report

    In the first half of the year, the U.S. Supreme Court barred a defunct transportation company's bankruptcy trustee from clawing back federal taxes and prevented the U.S. Tax Court from reviewing a collection dispute after the IRS stopped going after the underlying debt. In Arizona, a federal judge refused to block the IRS from issuing batch denials of pandemic-era worker credit claims. Here, Law360 reviews some of the top federal court decisions from the past six months.

  • July 02, 2025

    Dorm Operator To Face Venue Challenge In Ch. 11

    A company that runs dormitory facilities at campuses in Georgia's public university system will have to overcome a motion the colleges' board is planning to bring to have the firm's Chapter 11 case transferred from Delaware bankruptcy court to Georgia.

  • July 02, 2025

    Bankruptcy Motion Marks Rising Salience Of Cyber Coverage

    Unprecedented arguments in a data company's bankruptcy petition that cite a failure to maintain adequate cyberinsurance coverage underscores the growing view that this specialty coverage can represent an important, if not essential, form of risk mitigation for certain organizations. Here, Russell Squire of Reed Smith LLP's insurance recovery group spoke to Law360 about how arguments in one case represented growing recognition of the importance of cyberinsurance and the liability risks posed by data breaches.

  • July 02, 2025

    FTX's Billion-Dollar Lawsuits Linger As Creditors Regain Cash

    Almost nine months after winning approval of a bankruptcy plan worth some $16 billion, fallen cryptocurrency exchange FTX remains in the midst of litigation with former rivals and clients that could have a significant effect on the amount of money creditors ultimately recoup.

  • July 02, 2025

    Syracuse Diocese Ch. 11 Plan On Hold For Insurance Deal OK

    A New York bankruptcy judge Wednesday pushed back a hearing on the Chapter 11 plan of the Roman Catholic Diocese of Syracuse two months until she can hear arguments on insurance settlements that are central to the plan.

  • July 02, 2025

    The Funniest Moments Of The Supreme Court's Term

    After justices and oral advocates spent much of an argument pummeling a lower court's writing talents, one attorney suggested it might be time to move on — only to be told the drubbing had barely begun. Here, Law360 showcases the standout jests and wisecracks from the 2024-25 U.S. Supreme Court term.

  • July 02, 2025

    Fresno Catholic Diocese Files Ch. 11 To Deal With Abuse Suits

    The Catholic Diocese of Fresno, California, has filed for Chapter 11 protection with $79 million of liabilities, facing more than 150 lawsuits over clergy sexual abuse.

  • July 02, 2025

    Canned Food Group Del Monte Hits Ch. 11 With $1.2B Debt

    Packaged foods giant Del Monte is seeking Chapter 11 bankruptcy protection in New Jersey with plans for a sale after a liability management transaction last year failed to sufficiently reduce borrowing costs from its $1.23 billion of secured debt.

  • July 01, 2025

    10 States Challenge Asbestos Claim Doc Purge Plans

    Ten states have won Delaware Court of Chancery clearance to submit a friend of the court brief opposing nationwide asbestos claims trust proposals to purge records linked to tens of thousands of exposure cases, adding their views to a suit filed by asbestos litigation defendants.

Expert Analysis

  • How Methods Are Evolving In Textualist Interpretations

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    Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.

  • Why Attorneys Should Consider Community Leadership Roles

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    Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.

  • Ch. 11 Ruling Shows Early Attempt To Tackle Purdue Fallout

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    A Delaware bankruptcy court’s recent ruling in Parlement Technologies’ Chapter 11 case, which denied a bid by Parler’s former owner to extend its bankruptcy stay to nondebtors, illustrates early efforts to grapple with the U.S. Supreme Court's decision in Purdue Pharma for a recurring bankruptcy issue, say Daniel Lowenthal and Jonah Wacholder at Patterson Belknap.

  • 9 Liability Management Tips As Debt Maturity Cliff Looms

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    As the debt maturity cliff swiftly approaches in this challenging environment, attorneys at Winston & Strawn highlight the top considerations for boards of directors and finance professionals to think about when structuring and executing liability management transactions, including reviewing capital structure, evaluating debt covenants, and more.

  • Firms Must Offer A Trifecta Of Services In Post-Chevron World

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    After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.

  • How Cos. Can Leverage IP In Corporate Bankruptcy

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    In light of an increase in year-to-date Chapter 11 filings, businesses must understand the importance and value of intellectual property in corporate bankruptcy and restructuring, from contributing to enterprise value, to providing leverage in negotiations and facilitating recovery, says Gregory Campanella at Ocean Tomo.

  • Avoiding Retail Bankruptcy As Economic Uncertainty Persists

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    Amid record retail bankruptcies and continued economic uncertainty in 2024, retailers can take specific steps like building stronger cash-flow models, managing inventory wisely and reassessing cost structures to avoid financial distress, say consultants at BRG.

  • Banking Compliance Takeaways From Joint Agency Statement

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    Federal bank regulatory agencies’ recent joint statement warning of risks associated with third-party fintech deposit services spotlights a fundamental problem that may arise with bank deposit products that are made through increasingly complex customer relationships, says Tom Witherspoon at Stinson.

  • Litigation Funding Disclosure Key To Open, Impartial Process

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    Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.

  • Law Firms Should Move From Reactive To Proactive Marketing

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    Most law firm marketing and business development teams operate in silos, leading to an ad hoc, reactive approach, but shifting to a culture of proactive planning — beginning with comprehensive campaigns — can help firms effectively execute their broader business strategy, says Paul Manuele at PR Manuele Consulting.

  • Chapter 11 Ruling Signals Emphasis On Lockup Provisions

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    A New York bankruptcy court's recent ruling in GOL Linhas Aéreas Inteligentes’ Chapter 11 case provides creditors with a strong basis for resisting requests to lock up or otherwise limit their voting rights, say Dania Slim and Andrew Alfano at Pillsbury.

  • Vendor Rights Lessons From 2 Chapter 11 Cases

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    A Texas federal court’s recent critical vendor order in the Zachry Holdings Chapter 11 filing, as well as a settlement between Rite Aid and McKesson in New Jersey federal court last year, shows why suppliers must object to critical vendor motions that do not recognize creditors' legal rights, says David Conaway at Shumaker.

  • Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?

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    A Pennsylvania federal court’s recent dismissal of the defendants’ counterclaims in Morgan v. Noss should remind attorneys to avoid the temptation to repackage a claim’s facts and law into a mirror-image counterclaim, as this approach will often result in a waste of time and resources, says Matthew Selmasska at Kaufman Dolowich.

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