Large Cap

  • December 01, 2025

    Venezuela Will Challenge $5.9B Sale Of Citgo Parent

    Venezuela, the country's state-owned oil company and others have appealed a Delaware federal judge's order approving the $5.89 billion sale of Citgo Petroleum's parent company to an affiliate of hedge fund Elliott Investment Management LP, potentially delaying the long-awaited sale of Venezuela's most significant seizable asset.

  • December 01, 2025

    CCA Seeks OK For Deal With Bahamas Developer Owed $1.6B

    Chinese state-owned firm CCA Inc. asked a New Jersey bankruptcy judge to approve a settlement with a Bahamian resort developer whose $1.6 billion court win sent CCA into Chapter 11.

  • December 01, 2025

    Rite Aid Gets Plan Nod, Justices Pass On Double-Dip Appeal

    Rite Aid obtained confirmation of a Chapter 11 plan in its latest bankruptcy. The U.S. Supreme Court declined to take up an appeal regarding whether a judge allowed unsecured creditors to double-dip on recoveries. And a Delaware bankruptcy judge tossed $15 million in claims against the FTX trust that it described as fraudulent.

  • December 01, 2025

    Ex-United Pilots Ask Fed Circ. To Rethink Denying Tax Refund

    Retired United Airlines pilots who said they overpaid payroll taxes asked the Federal Circuit to rethink its ruling that they can't get partial refunds, saying a three-judge panel avoided the pilots' constitutional challenge to the government's power to tax unrealized income.

  • November 26, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Pinstripes, a restaurant and bowling alley chain, obtained permission to transition its bankruptcy into a Chapter 7 proceeding. A trustee overseeing equity assets from Rite Aid's last Chapter 11 got the all-clear to wind the trust down. And a Connecticut federal judge rejected an appeal from a law firm targeted by the Chapter 11 trustee for a Chinese exile and convicted fraudster.

  • November 26, 2025

    What's Happening In Bankruptcy Court This Coming Week

    On the heels of the Thanksgiving holiday weekend, bankruptcy judges will consider debtor-in-possession financing requests from hospital operator Prospect Medical and Office Properties Income Trust, bidding procedures for the sale of pharmacy business Omnicare's assets, and a disclosure statement from mortgage service provider AmeriFirst Financial.

  • November 26, 2025

    Akerman Matches 2023 Partnership Class With 15 Additions

    Akerman LLP announced Tuesday that it has promoted 15 lawyers to its partnership, the same number it promoted to partner in 2023 and five fewer than it tapped in 2024.

  • November 26, 2025

    Byju's Gets OK For Settlement Tied To $533M Clawback

    A Delaware bankruptcy judge on Wednesday approved a settlement that education technology group Byju's said provides key information on what happened to $533 million in missing money as it works to recover the funds in Chapter 11.

  • November 26, 2025

    New Orleans Archdiocese Strikes Deal With Bondholders

    The Roman Catholic Archdiocese of New Orleans has informed a Louisiana bankruptcy judge it cleared one of the major obstacles to confirmation of its Chapter 11 plan by reaching a settlement with objecting bondholders.

  • November 26, 2025

    Ex-Media Exec Launches Counter Fees Bid In Severance Fight

    A former media executive is pushing back on Morgan Lewis & Bockius LLP's demand for more than $500,000 in legal fees, arguing that a New Jersey federal court should instead award him more than $600,000 in fees because he is actually the prevailing party in a suit against his former employer over severance pay.

  • November 25, 2025

    New Complaint Says Ex-Execs Turned Steward Into 'Zombie'

    Bankrupt hospital operator Steward Health has filed hundreds of millions in new claims in Texas bankruptcy court against its former CEO and other executives, including allegations that they orchestrated a sale-leaseback deal that rendered the business an insolvent "zombie."

  • November 25, 2025

    Nicklaus Golf Co. Gets OK For $10M Ch. 11 Loan

    A Delaware bankruptcy judge Tuesday gave sporting gear and golf course design company Nicklaus Cos. permission to tap $10 million in Chapter 11 financing, even though counsel for founder and pro golf legend Jack Nicklaus said he was disputing the bulk of the company's debts.

  • November 25, 2025

    Catching Up With New Bankruptcy Case Action

    National home goods retailer American Signature Furniture filed for Chapter 11 after seeing a slump in sales compounded by macroeconomic conditions. A Canadian oil and natural gas driller asked for Chapter 15 recognition of its restructuring efforts. And two pharmaceutical developers filed for bankruptcy, with one looking to hold a Chapter 11 sale of its assets and the other eyeing a Chapter 7 liquidation.

  • November 25, 2025

    Spirit Airlines Seeks More Time To File Ch. 11 Plan

    Spirit Aviation Holdings has asked a New York bankruptcy court for an extension of its exclusive rights to file and solicit votes on a Chapter 11 plan, saying it has already made significant progress in the proceedings but needs more time to continue negotiations with creditors.

  • November 25, 2025

    Delaware Judge Accepts $5.89B Bid For Control Of Citgo

    A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.

  • November 25, 2025

    Rite Aid Resolves Remaining Dispute With US Trustee

    Drugstore chain Rite Aid resolved a remaining disagreement with the U.S. Trustee's Office related to the debtor's Chapter 11 plan, bringing it one step closer to confirmation.

  • November 24, 2025

    Rite Aid's Ch. 11 Plan Advances Over US Trustee Objection

    A New Jersey bankruptcy judge said he would confirm the Chapter 11 plan of drug store chain Rite Aid after overruling the U.S. Trustee's objection to the opt-out mechanism for obtaining creditor support for third-party releases.

  • November 24, 2025

    First Brands Seeks OK To Lend $45M To Nonbankrupt Unit

    Auto parts company First Brands Group urged a Texas federal judge to let it lend $45 million in Chapter 11 financing to a foreign affiliate that isn't in bankruptcy, saying the business needs immediate funding to avoid becoming insolvent.

  • November 24, 2025

    Tucker Arensberg Promotes 4 In Pittsburgh, Harrisburg

    Four attorneys at Tucker Arensberg PC's offices in Pittsburgh and Harrisburg, Pennsylvania, have new titles attached to their names after the firm recently elected two of them to shareholders and two to senior counsel.

  • November 24, 2025

    Judge Sets Wed. Deadline For Oakland Diocese Plan Proposal

    A California bankruptcy judge has told the Roman Catholic Diocese of Oakland it has until the end of the day Wednesday to submit a term sheet for a plan to settle with childhood sexual abuse claimants and end its Chapter 11 case.

  • November 24, 2025

    Meet The Attys Guiding Jack Nicklaus' Former Co. In Ch. 11

    A team of lawyers from Weil Gotshal & Manges LLP and Richards Layton & Finger PA is advising Nicklaus Companies LLC, the sporting gear and golf course design company founded by legend Jack Nicklaus, in its Chapter 11 case in Delaware.

  • November 24, 2025

    Judge Explains OK For Purdue Ch. 11, Yellow Plan Confirmed

    A judge provided his reasons for approving Purdue's revised Chapter 11 plan, and Yellow Corp. and business internet service provider Everstream Solutions both obtained confirmation for their bankruptcy plans.

  • November 24, 2025

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week delivered a packed mix of fraud allegations, merger fallout, corporate-governance reforms and jurisdictional fights, while a new academic report ignited debate over attorney fee awards in Delaware's influential corporate forum.

  • November 24, 2025

    Judge Dismisses $15M In Alleged Fraudulent FTX Loan Claims

    A Delaware bankruptcy judge on Monday dismissed just over $15 million in claims against the FTX wind-down trust after trust counsel said the claimants had filed forged documents to back their claims they had loaned money to an affiliate of the defunct cryptocurrency exchange.

  • November 24, 2025

    Justices Won't Hear Dispute Over So-Called Ch. 11 Double Dip

    The U.S. Supreme Court on Monday said it will not hear arguments on whether a Texas bankruptcy judge allowed unsecured creditors to double-dip on their recoveries when he handed them control of bankrupt oil driller Sanchez Energy.

Expert Analysis

  • 23andMe Case Highlights Privacy Complexities In Ch. 11

    Author Photo

    Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.

  • Birding Makes Me A Better Lawyer

    Author Photo

    Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.

  • Adapting To Private Practice: From DOJ Leadership To BigLaw

    Author Photo

    The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

    Author Photo

    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

    Author Photo

    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • How Attorneys Can Master The Art Of On-Camera Presence

    Author Photo

    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Baseball Fantasy Camp Makes Me A Better Lawyer

    Author Photo

    With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.

  • Adapting To Private Practice: From Fed. Prosecutor To BigLaw

    Author Photo

    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Perfecting Security Interests In Renewable Energy Tax Credits

    Author Photo

    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

    Author Photo

    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • We Must Allow Judges To Use Their Independent Judgment

    Author Photo

    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Performing Stand-Up Comedy Makes Me A Better Lawyer

    Author Photo

    Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.

  • 3 Del. Bankruptcy Cases Highlight US Trustee Objections

    Author Photo

    As three recent Delaware bankruptcy cases show, debtors who seek approval of a stalking horse bid protections agreement should be prepared for the U.S. Trustee Office's objections, including if the proposed classification for the bid protections is a superpriority administrative expense claim, says Kyle Arendsen at Squire Patton.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Large Cap archive.