Large Cap

  • June 26, 2026

    New Fortress Units Get Ch. 15 Recognition Of UK Debt Plan

    Two affiliates of natural gas production and delivery company New Fortress Energy gained recognition of their U.K. debt restructuring plan Friday from a New York bankruptcy judge, who found the strategy was appropriate.

  • June 26, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A battery recycler will seek a Texas bankruptcy court's permission to sell residual assets. A bankruptcy judge in Delaware is slated to issue a bench ruling in bankrupt cryptocurrency company Terraform Labs' Chapter 11 case. And a New York bankruptcy court will consider the Sleep Number mattress maker's bidding procedures motion.

  • June 26, 2026

    Judge Stays Jackson Walker RICO Suit Over Sorrento Ch. 11

    A California federal judge has paused Sorrento Therapeutics shareholders' litigation after a Texas bankruptcy court ruled they lacked standing to pursue racketeering claims over a former Jackson Walker attorney's relationship with the judge who initially oversaw the biotech company's Chapter 11.

  • June 26, 2026

    First Brands Gets Retiree Committee In Ch. 11

    A Texas bankruptcy judge has authorized auto parts maker First Brands to form a committee of nonunion retirees for the debtor to negotiate with to downsize their life and health insurance benefits.

  • June 25, 2026

    FDIC Calls For Narrower Resolution Plans, Assessment Cuts

    The Federal Deposit Insurance Corp. on Thursday floated new rules that would significantly scale back its resolution-planning requirements for large banks and slash the banking industry's annual deposit insurance assessment bill by $4 billion, or roughly a third.

  • June 25, 2026

    PROMESA Turns 10: Puerto Rico's New Start, Unclear Future

    As the 10th anniversary of a law meant to restructure Puerto Rico’s more than $70 billion in government debt approaches, experts say it remains to be seen if reform efforts stick — and what the long-term economic situation for the island will be.

  • June 25, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A lender to a New York City loft owner sought to take possession of the building after a planned credit bid sale never took place. The examiner in First Brands' Chapter 11 case will not receive any extra funding. And the liquidation trust for a debtor that conducted a Ponzi scheme wants to recover funds from three beneficiaries of what it says were ill-gotten gains.

  • June 25, 2026

    SIMAD Seeks OK For $180M Financing In Chapter 11 Cases

    SIMAD Holdings Ltd., the bankrupt owner of 30 U.S. summer camps and other real estate, says that it has secured up to $180 million of debtor-in-possession financing from its prepetition bondholders, as it seeks to fund its operations and bankruptcy cases while working toward a late-July auction for its assets.

  • June 25, 2026

    WR Grace Ch. 11 Deal Ending 33-Year Class Fight OK'd

    A bankruptcy judge has approved a $2.95 million settlement in reorganized chemical company W.R. Grace & Co.'s Delaware Chapter 11, closing the books on a South Carolina hospital's class action efforts that started in 1992.

  • June 25, 2026

    Ankura Seeks To Ditch GWG Trustee's Ch. 11 Suit

    Ankura Consulting Group LLC asked a Texas bankruptcy judge to toss a lawsuit brought against it by the litigation trustee for defunct financial services firm GWG Holdings, saying the case didn't adequately allege Ankura intended to commit fraud and the trustee admitted GWG didn't rely on Ankura's work.

  • June 25, 2026

    McCarter & English Adds Enviro Partner Trio In Indianapolis

    New Jersey-based McCarter & English LLP expanded its Indianapolis office with a team of three partners from Ice Miller LLP specializing in complex environmental contamination issues, including brownfield redevelopment, the firm announced Thursday.

  • June 24, 2026

    Tricolor's Ex-COO Cops To Fraud Charges Tied To Collapse

    The former chief operating officer of bankrupt subprime auto lender Tricolor Holdings pled guilty Wednesday to charges stemming from what prosecutors have described as a yearslong scheme to defraud the company's lenders and investors.

  • June 24, 2026

    Judge OKs Purdue Claims Trustee, Distribution Rules

    The New York bankruptcy judge presiding over the Chapter 11 case of former OxyContin maker Purdue Pharma on Wednesday approved the appointment of a trustee to administer neonatal abstinence syndrome claims and the adoption of distribution procedures to claimants who are still minors.

  • June 24, 2026

    Stevens & Lee Adds 5-Atty Bankruptcy Team In New Jersey

    Stevens & Lee PC has brought on five Genova Burns LLC lawyers in New Jersey, strengthening the firm's bankruptcy and financial restructuring department.

  • June 24, 2026

    Builder Files Ch. 11 Suit To Block Solar Panel Collections

    Residential developer Taylor Morrison has asked a Delaware bankruptcy judge to bar the buyer of SunPower Corp.'s assets from contacting owners of homes it built, arguing the purchaser can't repossess installed solar panels to satisfy a $500,000 receivable.

  • June 24, 2026

    FTX Exec's Wife Gets Trial Date In Campaign Finance Case

    A Manhattan federal judge Wednesday scheduled a November trial for crypto-lobbyist Michelle Bond, as she seeks to beat charges alleging she agreed with her husband, jailed former FTX executive Ryan Salame, to take illegal campaign cash from the bankrupt exchange.

  • June 24, 2026

    JPM's Construction Debt Grows As Wells Pulls Back By $1.6B

    JPMorgan's construction debt on the books rose in the first quarter while Wells Fargo continued to pare its construction debt holdings during the period, showing contrasting narratives for the nation's two biggest bank holders of construction debt.

  • June 23, 2026

    NY Archdiocese Must Turn Over Mediation Docs To Insurers

    A New York state court has backed a discovery master's decision that the Archdiocese of New York must hand over files related to mediation talks to Chubb, the latest in insurance coverage litigation for thousands of sexual abuse claims against the church.

  • June 23, 2026

    Summer Camp Co. SIMAD's Ch. 11 Steered By Cole Schotz

    A quintet of partners from Cole Schotz PC is stewarding the Chapter 11 case of summer camp operator and real estate holding company.

  • June 23, 2026

    Boy Scouts Trustee Says Insurers Must Hand Over $211M

    The official overseeing the Boy Scouts of America's settlement trust urged a Delaware bankruptcy judge to order four insurers to release $211 million in escrowed funds tied to a $1.66 billion deal the debtor reached more than four years ago.

  • June 23, 2026

    Steward Trust Says Buyers May Have $22M Of Its Money

    The plan administrator trust established under Steward Health Care's Chapter 11 plan has asked a Texas bankruptcy judge to make hospital buyers hand over any payments out of an estimated $22 million the trust believes they received from the Centers for Medicare and Medicaid Services.

  • June 23, 2026

    Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

    Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

  • June 23, 2026

    Catching Up With New Bankruptcy Case Action

    Insurance company Hallmark Financial Services filed for Chapter 11 looking to cut nearly $134 million in debt via a sale or equity swap, an investment management firm specializing in medical spas and medical aesthetics providers entered Chapter 11 in Delaware with over $10 million in debt, and a Tex-Mex chain operator began liquidation in the Lone Star State.

  • June 22, 2026

    Guo Trustee Seeks OK For $14.95M In Transfer Claim Deals

    The Chapter 11 trustee overseeing the estate of billionaire fraudster Miles Guo is seeking approval of settlements reached in fraudulent transfer suits against insurance companies including Anthem Health Plans and Empire Blue Cross Blue Shield, as well as law firms like Chiesa Shahinian & Giantomasi PC and Morvillo Abramowitz Grand Iason & Anello PC.

  • June 22, 2026

    Injunction Tweaked To Balance Prince Global Ch. 15 Rights

    A New York bankruptcy judge has overruled most of the objections lodged by a director of Prince Global Holdings to the language of a Chapter 15 recognition order but allowed some changes that would balance the rights of the debtors, their directors and the joint provisional liquidators appointed in a British Virgin Island insolvency proceeding.

Expert Analysis

  • NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Nielsen Appeal Tests Antitrust Limits Of Pricing And Bundling

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    In Cumulus v. Nielsen, the Second Circuit is considering a structural pattern in which a monopolist exploits upstream market power to foreclose downstream competition, which could potentially offer broad insight into how courts will assess exclusionary bundling and pricing defenses under antitrust law, says Luke Hasskamp at Bona Law.

  • Ch. 11 Ruling Raises Bar For Avoiding Default Interest

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    Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly harder to avoid paying contractual default interest to oversecured lenders under Section 506(b) of the Bankruptcy Code, say attorneys at Benesch.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • GCs Can Read Debt Cycles To Spot Risk, Opportunity

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    With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic environment, general counsel who understand credit risk and the debt cycle can offer a significant competitive advantage to help companies mitigate enterprise risk, says Samuel Keltner at Akin.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Judge-Led Bankruptcy Mediation Can Be The Best Option

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    Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Chapter 11 case over which he was presiding, there is no single federal decision holding flatly against this, and, in the right circumstances, it may even be the best option, says Kenneth Rosen at Ken Rosen Advisors.

  • Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    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.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    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.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    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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