Large Cap

  • May 04, 2026

    Purdue Settlement Approved, Saks Gets Plan Disclosure OK

    Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankruptcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.

  • May 04, 2026

    Omnicare Picks $250M Bid As Winner In Ch. 11 Sale Process

    Pharmacy services provider Omnicare told a Texas bankruptcy judge that it has selected a $250 million offer from stalking horse bidder GenieRx Holdings LLC as the winning bid in a sale process for its assets, saying it would cancel an auction that was scheduled to occur this week.

  • May 04, 2026

    Spirit Airlines Seeks Court Approval To Wind Down Business

    Spirit Airlines asked a New York bankruptcy judge Monday to sign off on the wind-down of its operations, including either selling the company's remaining 28 aircraft or leaving them on the tarmac for creditors to repossess.

  • May 02, 2026

    Spirit Airlines Shuts Down After Rescue Funding Fails

    Spirit Airlines said Saturday that it is shutting down and will immediately start to liquidate its business after failing to secure the funding it needed to continue operating while under bankruptcy protection.

  • May 01, 2026

    QVC, Investors Trade Blows Over Equity Committee Bids

    QVC told a Texas bankruptcy judge on Friday that granting shareholders' request to appoint an official equity committee in its Chapter 11 case would waste estate resources for the exclusive benefit of out-of-the-money investors, urging the judge to deny their request.

  • May 01, 2026

    New York Archdiocese Proposes $800M Abuse Suit Settlement

    The Archdiocese of New York and a committee representing most of the claimants alleging they were sexually abused by clergy and lay employees of the organization said they have reached terms on a settlement that will provide $800 million in compensation to the 1,300 plaintiffs.

  • May 01, 2026

    Meet The Attorneys Guiding Freedom Forever's Ch. 11

    California-based home solar panel installer Freedom Forever has retained a team from Morris Nichols Arsht & Tunnell LLP to represent it in Chapter 11 while it attempts to deal with the loss of federal home solar tax deductions.

  • May 01, 2026

    Fat Brands Seeks 90 More Days To Craft Ch. 11 Wind-Down

    Restaurant group Fat Brands has asked a Texas bankruptcy judge for more time to file a Chapter 11 plan as it continues to negotiate with creditors on a wind-down framework.

  • May 01, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.

  • May 01, 2026

    Trump Gives Spirit Airlines 'Final' Offer On Rescue Deal

    President Donald Trump said Friday the federal government had given Spirit Airlines a "final proposal" for a financing package that could help rescue the bankrupt budget airline amid reports that Spirit is preparing to shut down.

  • May 01, 2026

    McDermott Adds Restructuring Pros From Ropes & Gray In NY

    McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

  • May 01, 2026

    Saks Gets OK For Plan Disclosure With Creditor Deal

    A Texas bankruptcy judge Friday approved Saks Global's Chapter 11 plan disclosure statement after hearing the retailer had struck a deal to split future litigation proceeds between the providers of its bankruptcy financing and its unsecured creditors.

  • April 30, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    MMA Law made a bid to protect its sole attorney in state court cases, Everstream sued Dish alleging late compensation, and Weiss Multi-Strategy Advisers brought a lawsuit against Bloomberg Finance LP to recover $135,000.

  • April 30, 2026

    U.S. Trustee, Minority Lenders Oppose Del Monte Ch. 11 Plan

    The U.S. Trustee and two groups of minority lenders filed objections to the proposed Chapter 11 plan of Del Monte Foods in New Jersey court, taking aim at the plan's release provisions and the treatment of minority claims.

  • April 30, 2026

    Ex-Shareholders, Reed Smith Seek End To Eletson Suit

    Former shareholders of Eletson Holdings on Thursday joined with their ex-Eletson counsel at Reed Smith to ask a New York bankruptcy judge to dismiss a suit claiming they had schemed to seize control of Eletson assets in defiance of the company's Chapter 11 plan.

  • April 30, 2026

    Texas Justices Asked To Revive Infowars Lease To The Onion

    Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion, a move that could hasten the delivery of funds Jones owes the families after massive defamation judgments.

  • April 30, 2026

    How Sullivan & Cromwell Won An $18B 'Bet The Country' Case

    It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP persuaded the appellate panel to nix an $18 billion judgment against Argentina.

  • April 30, 2026

    J&J Says Ill. Ruling Backs Beasley Allen's DQ From Talc Suits

    Johnson & Johnson told a New Jersey federal court that a recent ruling in Illinois backs the Beasley Allen Law Firm's disqualification from multidistrict litigation over its talcum powder.

  • April 30, 2026

    Purdue's $125M McKinsey Deal Gets OK Ahead Of Ch. 11 Exit

    Purdue Pharma LP on Thursday secured a New York bankruptcy judge's approval of a $125 million agreement with McKinsey & Co. that settles claims tied to the consulting firm's work advising Purdue on the sale and marketing of opioids, clearing the way for the pharmaceutical company to exit Chapter 11 and put its $7.4 billion bankruptcy plan into effect.

  • April 29, 2026

    Citgo Bidder Violating Confidentiality Agreement, Court Hears

    Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward ending a long-running saga aimed at satisfying billions of dollars' worth of Venezuelan debt.

  • April 29, 2026

    Infowars Parent Says The Onion IP Deal Would Gut Asset Value

    The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation linked to satire website The Onion.

  • April 29, 2026

    Judge Urges Boy Scouts Trust Factions To Narrow Dispute

    The future claimants representative to the trust overseeing the distribution of funds to sexual abuse victims in the Boy Scouts of America bankruptcy remains at odds with the settlement trust advisory committee over a proposed increase to initial payments to victims.

  • April 29, 2026

    Judge Holds Off Hearing On Madoff Cash Tracing Methods

    A New York bankruptcy judge on Wednesday said it isn't yet time for a hearing on what method the trustee for Bernie Madoff's bankrupt Ponzi scheme should use to trace billions of dollars in transfers he is trying to claw back from more than two dozen parties.

  • April 29, 2026

    How Corporate Restructurings Became Inclusive But Unequal

    Large corporate restructurings increasingly feature deals that let most creditors participate but on starkly different terms, reflecting how the rise of powerful equity sponsors has shaped debt workouts both in and out of court, according to a recent paper by Robert Miller, a professor at the University of South Dakota School of Law.

  • April 29, 2026

    Restaurant Group Fat Brands Names Ch. 11 Auction Winners

    An auction for assets of Fat Brands Inc. netted offers totaling $10.5 million for two restaurant chains and credit bids for the company's 16 other brands, according to notices in its Chapter 11 case.

Expert Analysis

  • Law School's Missed Lessons: The Human Element

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    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.

  • Law School's Missed Lessons: In Court, It's About Storytelling

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    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.

  • Charges Signal Tougher Stance On Execs' Bankruptcy Fraud

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    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.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • If Your AI Vendor Goes Bankrupt: Tackling Privacy And 'Utility'

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    Because bankruptcies of artificial intelligence vendors will require courts to decide in the moment how to handle bespoke deals for AI tools, customers that anticipate consumer privacy concerns in asset disposition and questions about utility and critical-vendor classifications can be better positioned before proceedings, say attorneys at Sidley.

  • If Your AI Vendor Goes Bankrupt: Keeping Licensed IP Access

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    With contracting norms still evolving to account for the licensing of artificial intelligence tools, customers that need to retain access to key AI products in the event of vendor’s bankruptcy should consider four elements that could determine whether they may invoke traditional Section 365(n) intellectual property protections, say attorneys at Sidley.

  • Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • 2 Rulings Showcase Fuzzy Limits Of 'Related To' Jurisdiction

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    The Fifth and Ninth Circuits recently handed down decisions, in Sanchez Energy and Sawtelle Partners, respectively, reminding practitioners that bankruptcy court jurisdiction over lingering disputes is not guaranteed, regardless of whether confirmation orders contain specific "retention of jurisdiction" language, says Brian Shaw at Cozen O’Connor.

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