Mid Cap
-
November 13, 2025
Dr. Phil Media Co. Must Trim Expenses In Ch. 11, Judge Says
A Texas bankruptcy judge on Thursday significantly trimmed a request by Merit Street Media to pay administrative expenses in its bankruptcy case, expressing concern that the company is appealing its case's Chapter 7 conversion while running its business at a loss.
-
November 13, 2025
Texas' Bankruptcy Judge Romance Scandal, 2 Years Later
It's been more than two years since the news of the undisclosed romantic relationship between former U.S. Bankruptcy Judge David Jones and former Jackson Walker attorney Elizabeth Freeman rocked Houston's popular bankruptcy court.
-
November 13, 2025
Meet The Key Players In Houston's Bankruptcy Ethics Scandal
In October 2023, the Southern District of Texas' rising bankruptcy court was shaken by the sudden resignation of then-U.S. Bankruptcy Judge David R. Jones, after a lawsuit and media reports revealed he had been in a romantic relationship with a local bankruptcy lawyer, Elizabeth Freeman, information that neither Jones nor the attorney disclosed to clients.
-
November 13, 2025
Maverick Gaming OK To Sell Colo. Casino For $25.5M In Ch. 11
A Texas bankruptcy judge on Thursday approved casino operator Maverick Gaming's sales of a casino in Colorado for $25.5 million and card rooms in Washington state, months after the company received permission to sell other gambling operations in Chapter 11.
-
November 13, 2025
Under The Radar: Bankruptcy News You May Have Missed
A Long Island Catholic diocese brought its Chapter 11 case to a close, the U.S. trustee objected to a bid by metal recycling company Aleon Metals to end its Chapter 11, and remodeling group Renovo was slapped with two putative class actions.
-
November 13, 2025
Judge Halts Jackson Walker Secret Romance Settlements
A Texas federal judge has paused a number of settlements between Jackson Walker LLP and former clients, criticizing the firm for trying to undermine the U.S. Trustee's investigation into alleged malpractice stemming from a secret romance between a former partner and a bankruptcy judge.
-
November 13, 2025
Silvergate Bank Parent Gets OK For Ch. 11 Plan
A Delaware bankruptcy judge on Thursday approved the Chapter 11 plan of the parent company of failed cryptocurrency-focused Silvergate Bank after hearing the company had resolved all objections to the proposal.
-
November 13, 2025
MVP: Sullivan & Cromwell's James Bromley
James Bromley, a partner at Sullivan & Cromwell LLP, has handled some of the country's largest and most complex bankruptcy cases in the past year — including FTX Trading Ltd., SVB Financial Group and Diamond Sports, representing Major League Baseball — earning him a spot as one of the 2025 Law360 Bankruptcy MVPs.
-
November 13, 2025
Mining Co. Digs At Friend Turned Foe In $7.38B Citgo Battle
A Bermuda mining company has sued a Canadian counterpart in the Delaware Chancery Court for allegedly using insider information from a confidential bidding alliance to switch sides in a court-run auction of Citgo Petroleum's parent company.
-
November 13, 2025
Efforts To DQ Judge In Venezuelan Debt Case Come Up Short
A federal judge on Thursday denied efforts to unseat him and the court-appointed special master overseeing the sale of Citgo's parent company to satisfy billions of dollars in Venezuelan debt, ruling that the motions are both procedurally defective and unmeritorious.
-
November 12, 2025
Oakland Diocese Gets Another 2 Weeks For Plan Talks
A California bankruptcy judge agreed Wednesday to postpone dismissing the Roman Catholic Diocese of Oakland's Chapter 11 case for two more weeks, after a mediator overseeing plan discussions said there was a "light at the end of the tunnel."
-
November 12, 2025
MMA Law Inks More Deals Over Hurricane Claims
MMA Law has urged a Texas bankruptcy court to approve two new settlements with other law firms to resolve its claims that the firms were holding on to money MMA was owed for representing Louisiana hurricane victims.
-
November 12, 2025
MVP: Paul Hastings' Jayme Goldstein
Jayme Goldstein, the co-chair of Paul Hastings' restructuring group, has represented creditors with billions of dollars in claims to negotiate and defend restructuring support agreements behind the complex Chapter 11s of broadcaster Diamond Sports, The Container Store and retail brand owner Franchise Group, earning him recognition as one of the 2025 Law360 Bankruptcy MVPs.
-
November 12, 2025
Edelson Enters 'Clean' Dismissal In Girardi Atty Case
Edelson PC has submitted a "clean and unadulterated" dismissal of its conversion case against two former attorneys from the now-defunct law firm Girardi Keese after an Illinois federal judge took issue with a previous version of the stipulation.
-
November 12, 2025
FTE Accuses Ex-CEO Of Staging Ch. 11 'Stunt'
Board members of telecommunications company FTE are asking a New York bankruptcy court to dismiss the company's Chapter 11 case, alleging its former CEO filed papers putting the firm in bankruptcy as a "stunt" without counsel or the necessary approval of the board and majority shareholders.
-
November 12, 2025
Catching Up With New Bankruptcy Case Action
Solar energy company Pine Gate Renewables hit bankruptcy with over $1 billion in debt, a home remodeling company entered Chapter 7 with over $100 million in debt, and a luxury developer filed for Chapter 11 in Texas.
-
November 12, 2025
Walker Edison Gets OK To Seek Votes On Liquidation Plan
Online furniture retailer Walker Edison can seek votes on its postsale Chapter 11 liquidation plan, a Delaware bankruptcy judge said Wednesday after finding that an objection to releases in the plan is an issue for the confirmation hearing.
-
November 10, 2025
Law360 MVP Awards Go To Top Attorneys From 76 Firms
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
-
November 10, 2025
Utah Enviro Agency Objects To US Magnesium Transaction
Utah's environmental regulatory agency has asked a Delaware bankruptcy judge to reject US Magnesium's asset sale agreement, saying a buyer should be bound by the same responsibilities as the debtor.
-
November 10, 2025
Meet The Attorneys Guiding Developer Five Star's Ch. 11
A team of attorneys from O'Melveny & Myers LLP is advising Arizona luxury property developer Five Star Development in its bankruptcy.
-
November 10, 2025
Village Roadshow Ch. 11 Sale Gets OK, 23andMe Claims Cut
Village Roadshow received approval for a nearly $19 million Chapter 11 sale, 23andMe successfully sought permission to cut nearly 160,000 claims from its bankruptcy, and restaurant chain Pinstripes asked to convert its case to a Chapter 7. This is the week in bankruptcy.
-
November 10, 2025
Justices Won't Hear Serta Simmons Ch. 11 Plan Challenge
The U.S. Supreme Court declined Monday to take up a challenge by Serta Simmons lenders to a Fifth Circuit ruling last year that rejected the mattress maker's controversial "uptier" debt exchange, choosing not to consider whether the appellate court erred in altering Serta's Chapter 11 plan without allowing a new vote on it.
-
November 07, 2025
Ex-Exec Of Cannabis Co. Wins $104M Over Canceled Stock
A New Mexico jury has awarded over $104 million to a businessman it found was wrongly stripped of his 5 million shares of bankrupt cannabis processor Bright Green after a handshake deal to bring him on as CEO fell apart.
-
November 07, 2025
Real Estate Recap: Mamdani, Immigration, Q3 Debrief
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate reactions to the election of Zohran Mamdani as mayor of New York City, how condo attorneys are bracing for a surge in immigration enforcement and third-quarter takeaways across asset classes.
-
November 07, 2025
Judge Will Let 23andMe Cut 157K Claims, Down From 160K
A Missouri bankruptcy judge told genetic testing company 23andMe on Friday he would allow it to shear nearly 157,000 claims from its bankruptcy case, sustaining an objection the company lodged asserting the claims may be fraudulent.
Expert Analysis
-
How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
-
When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
-
Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
-
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
-
How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
-
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
-
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
-
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
-
The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
-
The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
-
Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
-
Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
-
Franchise Group Dispute Reflects Rising Intercreditor Suits
A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.