Large Cap
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June 09, 2025
Residential Solar Panel Co. Sunnova Hits Ch. 11 With $9B Debt
Sunnova Energy International, a major residential solar panel designer, filed for Chapter 11 protection in Texas Sunday, with $8.9 billion in debt amid an industry downturn and uncertainty around the future of government incentive programs for solar projects.
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June 06, 2025
Real Estate Recap: Hotels, Healthcare REITs, Secondaries
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including where the hotel sector stands at the midyear, which states are trying to curb healthcare investment models and what is fueling the surge in the real estate secondaries market.
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June 06, 2025
Rite Aid Emphasizes It Will Pay Rent To Objecting Landlords
The twice-bankrupt drug store chain Rite Aid is seeking to reassure landlords who filed a spate of objections in recent days that it intends to continue meeting lease obligations despite its move to close some locations.
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June 06, 2025
Brazilian Airline Azul's $3B Path To A Ch. 11 In NY
Brazilian airline Azul racked up $3 billion in debt in the process of trying to recover from the COVID-19 pandemic and made several attempts at restructuring that never got off the ground, before landing in a bankruptcy court in New York, its case filings showed.
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June 06, 2025
GM Says Texas Data Privacy Lawsuit Flouts Ch. 11 Sale Order
General Motors asked a New York bankruptcy court to enforce a 2009 Chapter 11 sale order, saying a recently amended consumer data privacy complaint from the Texas attorney general effectively includes successor liability claims it didn't inherit.
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June 06, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges will hear arguments on approving the Chapter 11 plans of nursing facility operator Petersen Health Care and investment group The Aztec Fund, decide if satellite communications company Ligado Networks can send out its plan for a creditor vote, and determine if life insurance bond seller GWG Holdings can settle claims against directors for allegedly diverting company funds.
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June 06, 2025
The Supreme Court's Week: By The Numbers
An undivided U.S. Supreme Court issued five unanimous rulings this week, weighing in on the burden majority-group plaintiffs must meet in discrimination cases, what counts as a religious organization for purposes of an employment tax exemption, and whether Mexico can sue American gun companies for their alleged role in cartel violence. Here, Law360 Pulse takes a data-driven dive into the week that was at the U.S. Supreme Court.
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June 06, 2025
Purdue Seeks To Stretch Ch. 11 Injunction To November
Purdue Pharma has asked a New York bankruptcy judge to extend a litigation injunction in its Chapter 11 until late November or after it secures confirmation of its bankruptcy plan, whichever is earlier, saying the stay is protecting dozens of settlements.
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June 05, 2025
Gol Linhas Can Implement Ch. 11 Plan With Releases
A New York federal judge on Thursday allowed Brazilian airline Gol Linhas Aéreas Inteligentes SA to put its confirmed Chapter 11 plan into motion, finding the Office of the U.S. Trustee's request for a partial stay on the plan's third-party releases was unnecessary.
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June 05, 2025
Under The Radar: Bankruptcy News You May Have Missed
A technology platform for startups is hoping to mediate a string of legal disputes with a creditor and former business partner in its Chapter 11. The Church of Jesus Christ of Latter-day Saints urged a Delaware bankruptcy judge to enforce the Boy Scouts of America's Chapter 11 channeling injunction, saying it has been forced to defend itself from released claims. And ExxonMobil objected to a biofuel startup's Chapter 11 auction proposal, asserting that it has rights to certain intellectual property up for sale.
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June 05, 2025
Boeing Says Ligado Must Decide On Satellite Deal In Ch. 11
Citing critical unknowns in Ligado Networks LLC's proposed Chapter 11 plan, Boeing Satellite Systems has asked a Delaware bankruptcy judge to order Ligado to choose whether to accept or reject a key Boeing contract, and to escrow at least $37.8 million to cure existing defaults before confirmation.
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June 05, 2025
Ch. 11 Filings Surge Amid High Costs, Economic Uncertainty
New commercial Chapter 11 cases surged 62% in May compared to the previous month, climbing to 733 from 453 in April, as businesses continue to grapple with high borrowing costs and ongoing economic uncertainty, new data released by Epiq AACER and the American Bankruptcy Institute showed.
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June 05, 2025
DOL Benefits Arm Needs Turnaround, Nominee Tells Senators
President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more.
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June 05, 2025
Munsch Hardt Names New Women's Initiative Group Leaders
Munsch Hardt Kopf & Harr PC on Wednesday announced that it has tapped shareholders in Dallas and Houston to lead its women's initiative group, a program designed to support the advancement, retention and public profile of female lawyers across the firm.
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June 04, 2025
Judge Grills Kidde-Fenwal About Missing Info In Disclosures
A Delaware bankruptcy judge Wednesday questioned why firefighting foam maker Kidde-Fenwal did not include in plan disclosures details about the recoveries its creditors can expect under its Chapter 11 proposal, as the debtor prepares to send its reorganization plan out for a vote.
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June 04, 2025
Calif. Hotel Operator Seeks To Triple DIP In Ch. 11 To $19.5M
California hotel operator MOM CA Investco LLC asked a Delaware bankruptcy judge to increase its Chapter 11 financing by $14.5 million, up from the $5 million that has already been approved.
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June 04, 2025
Ill. Atty Faces 1 Year Suspension, Left Watchdog 'Baffled'
An Illinois attorney who was sanctioned $1 million alongside his client for frivolously litigating a condominium governance fight and later helped that client engage in knowingly improper bankruptcy conduct should be suspended for a year and complete a professionalism seminar, a state disciplinary watchdog says.
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June 04, 2025
US Trustee Continues Berkeley Research Data Breach Review
Berkeley Research Group told a California bankruptcy court Wednesday its representatives will meet with the U.S. Trustee's Office next week as part of the watchdog's ongoing inquiry into a March cyberattack on the consulting firm that potentially exposed confidential information tied to the bankruptcies of Roman Catholic dioceses across the country.
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June 04, 2025
How Bankruptcy Can Solve Sticky Non-Bankruptcy Problems
Straightforward financial problems aren't always the route to or the problem to solve in a bankruptcy, according to experts, who say there are a number of special circumstances that can be dealt with in bankruptcy court.
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June 04, 2025
HSF Kramer Taps Bankruptcy Duo As 1st Hires Since Merger
Herbert Smith Freehills Kramer LLP announced on Wednesday its first hires since the merger between Kramer Levin Naftalis & Frankel LLP and Herbert Smith Freehills LLP became official at the start of this month, welcoming two attorneys from New York bankruptcy boutique Togut Segal & Segal LLP.
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June 04, 2025
Petersen Health Nearing Deal To Avert Ch. 7 Liquidation
Counsel for skilled nursing facility operator Petersen Health Care told a Delaware bankruptcy judge Wednesday it expects to reach a deal allowing the debtor to seek confirmation of a Chapter 11 liquidation plan next week and avoid a Chapter 7 liquidation of its remaining assets.
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June 03, 2025
US Trustee Says Conn's Ch. 11 Plan's Releases Are Improper
The Office of the U.S. Trustee objected to the Chapter 11 plan disclosure statement of department store Conn's, saying the plan contains third-party releases with an opt-out mechanism that is not permissible under the Supreme Court's ruling in Harrington v. Purdue Pharma.
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June 03, 2025
Judge Blocks Foreign Enforcement In $102M Award Fight
A New York federal judge has ordered the former owners of reorganized international shipping group Eletson Holdings Inc. to drop proceedings they initiated in Greece and the United Kingdom to enforce a $102 million arbitral award while he determines whether the award is fraudulent.
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June 03, 2025
Maryland Says New Rite Aid Ch. 11 Doesn't Stop Plan Appeal
The state of Maryland has challenged bankrupt drug store chain Rite Aid's bid to extend the automatic stay in its second Chapter 11 case to the state's appeal of a confirmed plan in an earlier bankruptcy, saying the appeal has been fully briefed and won't harm the debtor.
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June 03, 2025
Meet The New Mediator In The Jackson Walker Fee Case
Retired U.S. Bankruptcy Judge Joan N. Feeney has been chosen to mediate a dispute between Jackson Walker LLP and the U.S. Trustee's Office over the watchdog's bid to get the firm to forfeit fees from dozens of cases overseen by an ousted judge, setting Feeney up to help resolve one of the most contentious cases to hit the bankruptcy bar in years.
Expert Analysis
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Administrative Disaster At Bankruptcy Courts May Be In Sight
If, as a result of voluntary resignations or terminations, the professional staff of the U.S. Trustee's Office is depleted, it will undoubtedly cause a slowdown in the administrative process for the significant majority of bankruptcy cases, says Charles Tatelbaum at Tripp Scott.
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An Unrestrained, Bright-Eyed View Of Legal AI's Future
Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.
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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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Law School's Missed Lessons: Preparing For Corporate Work
Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
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.
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Birding Makes Me A Better Lawyer
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.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
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.