Large Cap

  • June 02, 2026

    Catching Up With New Bankruptcy Case Action

    Affiliates of New Fortress Energy asked a U.S. court to recognize their bankruptcies in the U.K. Polish subsidiaries of alternative energy investment company GoldenPeaks Capital began a Chapter 11 proceeding. And an artificial intelligence-enabled voice generating software company entered Chapter 7.

  • June 01, 2026

    Endo Trust's $4B Claim Vs. TPG Units Survives Dismissal Bid

    Affiliates of TPG Capital must face a lawsuit seeking to claw back $4.1 billion they made from the sale of a generic opioid manufacturer to Endo International PLC, whose trustee has alleged it did not receive reasonably equivalent value in the deal.

  • June 01, 2026

    Fat Brands Clears Hurdle To Pitch Post-Sale Ch. 11 Plan

    A Texas bankruptcy judge granted conditional approval for the disclosure statement of Fat Brands' Chapter 11 plan, allowing the chain restaurant operator to seek creditor votes on its post-sale liquidation plan.

  • June 01, 2026

    Azul Wants Creditors Blocked In Brazil With Ch. 11 Plan

    Reorganized debtor airline Azul SA asked a New York bankruptcy judge to shut down collection efforts in Brazil by two of its creditors, saying their claims were discharged under the Chapter 11 plan approved last year.

  • June 01, 2026

    Lugano OK To Hand Over Insurance For Lost $10.5M Diamond

    Jewelry house Lugano Diamonds on Monday secured a Delaware bankruptcy judge's tentative approval to transfer an insurance policy to a creditor that consigned the debtor a diamond worth $10.5 million that later went missing.

  • June 01, 2026

    Impac Gets Ch. 11 Plan OK, Bestar Nabs Ch. 15 Recognition

    A Delaware bankruptcy court approved home lending broker Impac Mortgage Holdings Inc.'s Chapter 11 plan, Canadian furniture company Bestar Inc. got Chapter 15 recognition and a Texas judge refused First Brands' bankruptcy plan disclosure.

  • June 01, 2026

    Justices Won't Hear Challenge To 'Texas Two-Step' Ch. 11

    The U.S. Supreme Court on Monday said it won't hear a challenge by asbestos claimants to the "Texas two-step" bankruptcy of Georgia-Pacific spinoff Bestwall.

  • May 29, 2026

    NY Judge Doubts Nussbaum-Linked Firms Belong In Ch. 11

    A New York bankruptcy judge on Friday questioned whether his court was the proper venue to wind down two commercial real estate law firms headed by Mark J. Nussbaum as the debtors sought to ditch an assignment for the benefit of creditors process in New York state court.

  • May 29, 2026

    What's Happening In Bankruptcy Court This Coming Week

    QVC will seek approval for its bankruptcy plan, Fat Brands will seek approval for its bankruptcy plan disclosures, and Rhodium Encore's former lawyers will seek sanctions from its board of directors.

  • May 29, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen the billionaire who donated £5 million ($6.7 million) to Nigel Farage sue Ben Habib, the leader of far-right party Advance UK, for defamation; Mashreqbank bring claims against three subsidiaries of dissolved private equity giant Abraaj Group for commercial fraud; and the property and investment vehicle of the State of Kuwait be targeted by four real estate figures who filed a miscellaneous claim. Here, Law360 looks at these and other new claims in the U.K.

  • May 29, 2026

    First Brands Pact Clears Way To Sell Collateral During Dispute

    Lenders to First Brands-affiliated special purpose financing vehicles entities reached a deal with Onset Financial Inc., allowing collateral to be liquidated while the parties pursue litigation to resolve competing ownership claims, they told a Texas bankruptcy judge Friday.

  • May 29, 2026

    GoldenPeaks' Solar Unit Seeks Ch. 11 With Over $500M Debt

    The Polish subsidiaries of alternative energy investment company GoldenPeaks Capital filed Chapter 11 petitions in Texas bankruptcy court Friday listing between $500 million and $1 billion of debt.

  • May 29, 2026

    New Fortress Energy Units Seek Ch. 15 For $8.1B Debt Swap

    Two New Fortress Energy affiliates asked a New York bankruptcy judge Friday to recognize their efforts to restructure in the English courts by exchanging nearly $8.1 billion in debt for equity and spinning off the Brazilian affiliate.

  • May 28, 2026

    Judge Clears Settlement In Equifax Reporting Suit

    A Virginia federal judge won't intervene in a deal resolving a proposed Fair Credit Reporting Act class action against Equifax, ruling that the undisclosed settlement, which was announced prior to class certification, had not been "tainted by collusion."

  • May 28, 2026

    Texaco Drops Appeal Of Ch. 11 Order Allowing La. Litigation

    Texaco has ended its appeal of a New York bankruptcy judge's 2025 ruling that allowed local governments in Louisiana to continue pursuing environmental cleanup lawsuits worth as much as $100 billion, according to a filing entered Thursday.

  • May 28, 2026

    HSBC Defeats Most Claims In First Citizens' Poaching Suit

    A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still didn't have any jurisdiction over some defendants and that an amended complaint had not cured issues with a previously dismissed complaint.

  • May 28, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    QVC's preferred shareholders objected to the company's Chapter 11 plan as they seek to end the debtor's plan exclusivity in the case. Meanwhile, watchmaker E. Gluck Corp. secured conditional approval of its liquidation plan. And a tour bus company involved in a fatal upstate New York crash launched a Chapter 7 case.

  • May 28, 2026

    Pashman Stein Adds Genova Burns Bankruptcy Partner In NJ

    Pashman Stein Walder Hayden PC brought on a partner in New Jersey from Genova Burns LLC specializing in bankruptcies, restructurings and state court insolvencies, the firm announced Thursday.

  • May 28, 2026

    Spirit Seeks Bonuses To Keep Top Brass Through Wind-Down

    Spirit Airlines has asked a New York bankruptcy judge to approve an incentive program aimed at keeping its CEO, general counsel and vice president of special projects employed while the carrier winds down.

  • May 28, 2026

    Dechert Adds 4th McDermott Restructuring Partner In A Month

    Dechert LLP has continued its hiring spree of former McDermott Will & Schulte attorneys, adding its fourth restructuring partner from the firm this month.

  • May 27, 2026

    3rd Circ. Affirms Toss Of Spirit Airlines Site Tracking Suit

    The Third Circuit has refused to revive a proposed class action accusing the now-defunct Spirit Airlines of recording communications by visitors to its website, finding the plaintiffs voluntarily provided information to look for flights and that, at any rate, many understand "'that what we do on the Internet is not completely private.'"

  • May 27, 2026

    Plastics Co. Trinseo Clears Initial Ch. 11 Prepack Hurdles

    Bankrupt plastics company Trinseo PLC received approval Wednesday from a Texas bankruptcy judge to access $427.5 million in Chapter 11 financing as it pursues its prepackaged restructuring proposal, but a dispute with a subset of its lenders arose during the proceedings.

  • May 27, 2026

    Genesis Says JV Partner Can't Block Ch. 11 Sale

    Bankrupt nursing home operator Genesis Healthcare Inc. on Wednesday defended its $1 billion planned asset sale from a joint venture partner's objection, contending it could not assert its right of first refusal for bids on one facility to halt the transaction.

  • May 27, 2026

    Spirit OK'd For $275M DIP To Simplify 20-Plane Sale In Ch. 11

    Spirit Airlines received approval Wednesday for $275 million in Chapter 11 financing that aims to simplify the previously approved sale of 20 aircraft to a stalking horse buyer as it seeks to preserve assets during its wind-down.

  • May 27, 2026

    Stock Trade Co. Wants Out Of Mallinckrodt Clawback Suit

    A high-frequency stock trading firm is asking a Delaware bankruptcy judge to make it the latest defendant dismissed from a bid by Mallinckrodt PLC to recover $1.6 billion paid for stock buybacks before the opioid distributor's bankruptcy.

Expert Analysis

  • How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs

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    In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.

  • 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.

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