Mid Cap
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October 09, 2025
Teamsters Want Court To Reconsider Maverick Gaming Sale
A Teamsters local asked a Texas bankruptcy judge to rethink his order permitting RunItOneTime LLC to sell assets to a company managed by one of its founders, saying the bankruptcy court lacked jurisdiction to decide that the two weren't essentially the same business.
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October 09, 2025
Under The Radar: Bankruptcy News You May Have Missed
Rhodium challenged a $9 million fee request from Lehotsky Keller Cohn LLP for its work as special litigation counsel in a dispute with a landlord. Lenders of the company behind MTV's "Ridiculousness" argued that its bankruptcy should be dismissed. Recovery Law Group asked a court to reconsider a $392,000 fine and a three-year filing ban. And Maverick Gaming defended its sales process.
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October 09, 2025
Hemp Co. Asks Del. Court To Defer Ex-Exec's Suit To Australia
An Australian hemp manufacturer and its U.S. subsidiaries asked a Delaware federal judge Thursday to dismiss or pause a lawsuit filed by a former executive-turned-whistleblower, arguing the case should be deferred under international comity principles.
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October 09, 2025
SilverRock Defends $65M Ch. 11 Sale Proposal
Bankrupt California property developer SilverRock Development defended its proposed $65 million property sale, telling a Delaware bankruptcy court that detractors are using speculative property valuations and discounting the need to keep the local municipality on board.
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October 09, 2025
Yield10 Bioscience Seeks Ch. 11 Plan Confirmation
Agriculture company Yield10 Bioscience on Thursday urged a Delaware bankruptcy judge to confirm its Chapter 11 liquidation plan, saying in a memorandum of law that the proposal would establish guidelines for a plan administrator tasked with pursuing various causes of action.
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October 08, 2025
LA County Probes Firm's Conduct In $4B Sex Abuse Deal
The Los Angeles County Board of Supervisors has unanimously voted to launch an investigation into a record $4 billion sex abuse settlement it approved earlier this year following claims that the Downtown L.A. Law Group paid people to file complaints.
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October 08, 2025
NC Apartment Owner Hits Ch. 11 With Up To $50M In Debt
A North Carolina-based corporation connected to real estate investment and construction development company Abranova has filed for Chapter 11 protection in North Carolina, listing up to $50 million in liabilities.
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October 08, 2025
Aleon Metals Approved For $187M Sale With Creditor Deal
Bankrupt metal recycling company Aleon Metals received approval Wednesday from a Texas judge for the sale of its assets to a secured creditor for $187.5 million after informing the court the company had reached a settlement with environmental regulators and unsecured creditors.
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October 08, 2025
Heritage Coal's Ch. 11 Plan Ignores Enviro Laws, States Say
Maryland, Pennsylvania and the creditors committee of Heritage Coal have objected to its Chapter 11 liquidation plan, telling a Delaware bankruptcy judge that legal releases should be pared down and the states saying it doesn't address their environmental laws.
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October 08, 2025
Meet The Attorneys Guiding Iron Hill Brewery Chain's Ch. 7
A team of lawyers from Klestadt Winters Jureller Southard & Stevens LLP is representing restaurant chain Iron Hill Brewery in a Chapter 7 case the company launched just 10 days after it abruptly closed all locations.
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October 08, 2025
Judge Won't Lift Ch. 9 Stay In Chester Utility Dispute
A bankruptcy judge ruled Wednesday that the water utility for Chester, Pennsylvania, can't try to alter a five-year-old state court order allowing the bankrupt city to seek bidders for the utility company's assets.
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October 08, 2025
Chili's Servers Cleared To Pursue Meal Break, Expense Claims
Two Chili's food servers can continue with their claims that they were unable to take meal and rest breaks and were not reimbursed for cellphone use, a California federal judge ruled, but he winnowed the Chili's entities facing the allegations.
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October 07, 2025
Dolphin Co. Creditor Balks At Credit Bid For Ch. 11 Sale
A financial intermediary for dolphin park owner Leisure Investment Holdings LLC is asking the Delaware bankruptcy court to prohibit credit bidding in the park owner's Chapter 11 auction in order to preserve its $4 million claim from a judgment in 2017.
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October 07, 2025
Razzoo's Gets OK To Tap $3.3M In DIP Financing
A Texas bankruptcy court on Tuesday said it will grant interim approval for Cajun restaurant chain Razzoo's Inc.'s $3.3 million debtor-in-possession financing facility provided by its prepetition lender, First Horizon Bank.
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October 07, 2025
3rd Circ. Won't Rehear J&J Investor Cert. Appeal
The U.S. Court of Appeals for the Third Circuit declined Tuesday to reconsider backing a New Jersey federal judge's class certification order in a Johnson & Johnson investor action alleging the company artificially inflated its stock price by failing to disclose cancer risks.
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October 07, 2025
Global Wound Care Flags Medicare Delay Amid Shutdown
Specialty medical practice Global Wound Care has told a Texas bankruptcy judge it is waiting on $27.2 million in Medicare reimbursement payments, saying the risk that the delays could put it into a liquidity crisis is compounded by the federal government shutdown.
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October 07, 2025
Catching Up With New Bankruptcy Case Action
A software company in the educational technology industry initiated Chapter 11 proceedings with more than $1 billion in debt. A restaurant chain that abruptly closed its locations last month began a Chapter 7. And an entity seemingly related to a 100-year-old hotel's renovation entered Chapter 11 bankruptcy hauling at least $50 million in debt.
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October 07, 2025
Monster.com Scores OK For Ch. 11 Plan After Creditor Deal
A Delaware bankruptcy judge on Tuesday approved job search site CareerBuilder + Monster's Chapter 11 plan after the debtor struck a deal that could help holders of unsecured claims land a recovery.
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October 06, 2025
US Magnesium Tables DIP Motion Amid Ch. 7 Conversion Bid
US Magnesium told a Delaware bankruptcy judge Monday that it would temporarily set aside requests to borrow Chapter 11 financing and launch a sale process, as unsecured creditors push to convert the case to a Chapter 7 liquidation in a bid to halt what they call "disastrous" bankruptcy plans by the onetime magnesium producer.
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October 06, 2025
Chester Objects To Water Authority's Bid For Ch. 9 Stay Relief
The city of Chester has asked a Pennsylvania bankruptcy judge to reject a request from the Chester Water Authority for relief from the automatic stay in the city's Chapter 9 case, saying the CWA was renewing an attack on the city's authority to dissolve it.
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October 06, 2025
Convicted Investor Puts More Properties Into Ch. 11
A company and several affiliates associated with convicted real estate investment fraudster Moshe "Mark" Silber filed for Chapter 11 on Monday in New Jersey bankruptcy court with up to 199 estimated creditors and up to $500 million in estimated liabilities.
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October 06, 2025
Iron Hill Brewery Chain Hits Ch. 7 After Closing Restaurants
Restaurant chain Iron Hill Brewery filed for Chapter 7 protection in New Jersey court about 10 days after it abruptly closed all of its locations and told employees it would be pursuing bankruptcy.
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October 06, 2025
Puerto Rico Finance Board Members' Removal Paused
A federal district court judge blocked President Donald Trump's removal of three members of the Financial Oversight and Management Board for Puerto Rico who had accused the president of illegally firing them without cause.
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October 06, 2025
First Brands Gets $1B DIP, Hooters Approved To Exit Ch. 11
A Texas bankruptcy judge granted an interim approval for First Brands' $1.1 billion debtor-in-possession loan. Hooters of America won court approval of its reorganization plan. The judge ruled the automatic stay in Alex Jones' Chapter 7 case does not extend to his media company, Free Speech Systems, while the unsecured creditors' committee in TPI Composites' Chapter 11 sued its equity holder, alleging a prepetition uptier deal unfairly elevated its creditor status.
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October 06, 2025
Azzur Group Gets OK For Revised Ch. 11 Plan
A Delaware bankruptcy judge has approved pharmaceutical services company Azzur Group's revised Chapter 11 plan five months after it failed to confirm the first version.
Expert Analysis
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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.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.