Large Cap

  • October 23, 2026

    Judge OKs Whittaker's $535M Deal, Environmental Settlement

    A New Jersey bankruptcy judge approved a $535 million global settlement resolving estate claims tied to former talc supplier Whittaker Clark & Daniels Inc., a victory for corporate parent Berkshire Hathaway and chemical giant Brenntag that extinguishes successor liability claims some estimated to be worth billions of dollars.

  • October 23, 2026

    Four-Part Test Reshapes Postconfirmation Jurisdiction

    Restructuring professionals are rethinking how they put together Chapter 11 plans in the wake of a Delaware judge's recent decision on when a bankruptcy court retains jurisdiction after confirmation, as they may no longer be able to rely on boilerplate retention language.

  • October 23, 2026

    Papaya Must Freeze US Funds Amid Israeli Case, Judge Rules

    A Delaware bankruptcy judge Friday agreed to grant Chapter 15 recognition of Papaya Gaming Ltd.'s insolvency proceeding in Israel but ordered the debtor to freeze funds in its U.S. bank accounts in light of an earlier, more than $70 million transfer that the judge said "clearly prejudiced" creditor Skillz Platform.

  • October 22, 2026

    Reed Smith Seeks 2nd Circ. Emergency Stay In Eletson Row

    Reed Smith urged the Second Circuit in an emergency motion to pause lower court decisions requiring the firm to turn over client files related to shipping company Eletson, saying the courts have "presumed the outcome" of a bankruptcy appeal before scheduled December oral arguments.

  • October 22, 2026

    Getty Images Gets $85M DIP As Ch. 11 Case Kicks Off

    Getty Images secured a Delaware bankruptcy judge's approval on Thursday to borrow $85 million in Chapter 11 financing from a Koch family affiliate, funds it will direct to senior lenders and use to support its business during the bankruptcy case.

  • October 22, 2026

    Linqto Can Swap Forge For Kroll Trustee After Standoff

    Investment platform Linqto can switch its liquidating trustee to a subsidiary of Kroll LLC, a Texas bankruptcy judge said Thursday, after the debtor sued to force Forge Global Holdings to perform its duties under its Chapter 11 plan.

  • October 22, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    The long-running bankruptcy of an Irish real estate mogul is set to wrap up after 13 years and nearly $55 million in assets abandoned. A New Jersey judge said the sale of a trove of 80,000 pieces of audiovisual equipment for more than $2.5 million was null and void. And the liquidator of a company tied to a Ponzi scheme by Jason Nissen won one of 100 clawback actions.

  • October 22, 2026

    Purdue Trusts Say Sackler Bid Again Destabilizes Ch. 11 Plan

    The Purdue Pharma bankruptcy trust and trustees for some members of the Sackler family have filed separate documents in a New York bankruptcy court challenging moves they described as continued attempts by Richard S. Sackler and his wife, Lin Gao, to block parts of the drugmaker's bankruptcy plan.

  • October 22, 2026

    Southwest Pilots Oppose Spirit's $10M Ch. 11 Data Sale

    A union representing pilots at Southwest Airlines objected late Wednesday to the proposed $10 million sale of employee data by bankrupt airline Spirit Aviation, saying the deal would adversely affect flight crews by sharing training and employment information.

  • October 22, 2026

    Jackson Walker Hits Back At Fee Clawback Sanction Move

    Law firm Jackson Walker said Wednesday that it should not be sanctioned for failing to bring to a Texas federal judge's attention additional cases involving an undisclosed romantic relationship between a bankruptcy judge and one of its attorneys because the U.S. Trustee already investigated those cases and didn't take action.

  • October 22, 2026

    Philly-Based Weir Names New Managing Partner

    Philadelphia-based Weir LLP has shaken up its leadership team by naming a partner who has practiced at the firm for more than 25 years as its new managing partner.

  • October 22, 2026

    Republic National Scores Creditor Deal On Ch. 11 Plan

    Counsel for alcohol distributor Republic National told a Texas bankruptcy judge Thursday it has resolved creditor objections to its Chapter 11 liquidation plan and will be seeking the court's approval for the proposal next week.

  • October 21, 2026

    Guo Trustee Says No Circuit Split Threatens $24M Yacht Win

    A Chapter 11 trustee urged the U.S. Supreme Court on Wednesday to reject a bid by Chinese exile Miles Guo's daughter to undo rulings placing $24 million in yacht sale proceeds plus a $37 million escrow into the bankruptcy estate, disputing allegations that a circuit split warrants the justices' attention.

  • October 21, 2026

    3rd Circ. Questions Claims Of Bias In $6B Citgo Sale

    A Third Circuit panel appeared skeptical during more than two hours of oral arguments on Wednesday that an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of Venezuelan debt should be overturned because of the appearance of bias.

  • October 21, 2026

    Creditors File Involuntary Ch. 11 For Braskem's US FinCo

    Petitioners who say they hold $272 million of debt have filed an involuntary Chapter 11 petition against Braskem America Finance Co., an indirect subsidiary of Brazilian Chapter 15 debtor Braskem SA, after a Brazilian court decided to sever the Chapter 15 debtors from their Brazilian bankruptcy proceeding.

  • October 21, 2026

    First Brands Lenders Battle Over $21M In Alleged Collateral

    First Brands Group's bankruptcy lenders Wednesday urged a Texas bankruptcy judge to throw out a bid by Evolution Credit Partners to secure $21.2 million in sale proceeds that the inventory finance firm alleges constitutes its collateral.

  • October 21, 2026

    DLA Says Bankruptcy Court Can't Hear $19M Adversary Suit

    The federal government urged a Delaware bankruptcy court to dismiss an adversary action from Noble Supply & Logistics seeking roughly $19 million from the Defense Logistics Agency for goods and services the company said were delivered, arguing the court lacks jurisdiction.

  • October 21, 2026

    Real Estate Co. E-House Gets Ch. 15 Nod For Restructuring

    A New York bankruptcy judge Wednesday granted Chinese real estate services group E-House's Chapter 15 petition, recognizing a Cayman Island restructuring scheme giving creditors equity in the group.

  • October 21, 2026

    US Real Estate Distress Worsens As Healthcare Struggles

    Financial distress across the U.S. economy showed signs of easing in the third quarter of 2026, but the improvement was far from uniform. Real estate distress continued to deepen, particularly among smaller property owners, while healthcare distress remained elevated despite a sharp quarterly decline, according to a new report from law firm Polsinelli.

  • October 21, 2026

    Watchdog Can Pursue Jackson Walker Fees, Judge Says

    The U.S. Trustee's Office has standing to pursue millions of dollars in fees paid to Jackson Walker LLP in cases assigned to a judge who was in an undisclosed romantic relationship with one of the firm's ex-partners, a Texas bankruptcy court has concluded.

  • October 21, 2026

    Blank Rome Lands 4 Hogan Lovells Commodities Lawyers

    Blank Rome LLP has brought on a four-attorney, New York-based commodities team from Hogan Lovells Cadwalader that advises clients in the financial services and energy industries.

  • October 21, 2026

    BioXcel Gets Nod For $125M Bankruptcy Sale To Teva

    A Delaware bankruptcy judge Wednesday gave the OK to artificial intelligence-powered pharmaceutical group BioXcel to proceed with a $125 million sale to Israeli drugmaker Teva Pharmaceuticals, and allowed the debtor to send its Chapter 11 plan for a creditor vote.

  • October 21, 2026

    Getty Images Files Ch. 11 Case With More Than $1B Of Debt

    Visual content company Getty Images Holdings Inc. filed for Chapter 11 protection Wednesday in Delaware bankruptcy court with more than $1 billion of debt and a plan in hand that will provide $533 million in new equity investments into the business and has the support of a majority of its creditors.

  • October 20, 2026

    Eton Park, Petersen Can't Keep Argentina Docs In $16B Case

    Former minority shareholders in Argentine oil and gas company YPF have been barred from retaining discovery obtained in a New York court case as they pursue an investor-state claim against Argentina over a since-overturned $16 billion judgment, according to a Monday court order.

  • October 20, 2026

    Catching Up With New Bankruptcy Case Action

    The proposed buyer of a building in New York City's Flatiron District filed for bankruptcy relief after the sale fell through. Affiliates of Terra Carta Partners joined its Chapter 11 case, after their parent company was placed into bankruptcy involuntarily earlier this year. And a Buffalo, New York, steel company sought bankruptcy relief after 78 years in business.

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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