Mid Cap

  • December 22, 2025

    Catching Up With Delaware's Chancery Court

    Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.

  • December 22, 2025

    Meet The Attys Powering EV Battery Swap Biz Ample's Ch. 11

    Ample, a company developing quick battery swap stations for electric vehicles, has filed for bankruptcy protections in Texas, saying it was unable to drum up enough investments to commercially scale up. It has tapped a team of attorneys from Pillsbury Winthrop Shaw Pittman LLP to drive its Chapter 11 sale plans.

  • December 22, 2025

    Ashley Stewart's Board Seeks To Nix Ch. 11 As Bogus

    The battle for plus size fashion retailer Ashley Stewart is continuing in a Delaware bankruptcy court, with one director seeking to dismiss the case while others are calling for a court-appointed trustee to investigate the company's November asset sale.

  • December 22, 2025

    Tricolor Execs Charged, Spirit Scores $100M Funding

    A New York federal grand jury indicted former executives of Tricolor Holdings on fraud charges, while Spirit Airlines lined up an additional $100 million in financing. Akoustis Technologies won court approval to carry out its Chapter 11 liquidation plan, and the Roman Catholic Diocese of Oakland, California, and abuse claimants agreed to continue talks toward a reorganization plan. 

  • December 22, 2025

    ILFA Spotlight: Boies, Kobre, Irell, McDonald Hopkins Saluted

    The International Legal Finance Association has honored Kobre & Kim LLP, Boies Schiller Flexner LLP, Irell & Manella LLP and McDonald Hopkins LLC for trailblazing work in high-stakes litigation and facilitating litigation funding deals.

  • December 22, 2025

    Texas Concrete Co. Blames ICE Enforcement For Ch. 11

    A south Texas concrete company has faulted a reduction in residential construction projects caused by increased immigration enforcement actions for its Chapter 11 filing, saying its recent growth was stalled by the drop in demand.

  • December 22, 2025

    US Magnesium's $11.5M DIP Needs Revisions, Judge Says

    A Delaware bankruptcy judge Monday declined to grant final approval of US Magnesium's $11.5 million in Chapter 11 financing, saying it was too early to authorize that relief as parties in the case continue to challenge the viability of the debtor's restructuring plans.

  • December 19, 2025

    Flipcause Hits Ch. 11 After Dropped By Payment Processor

    Flipcause Inc., which provides software as a service that helps small nonprofits raise money, filed for Chapter 11 protection in Delaware on Friday with $30.5 million of liabilities after the payment processor Stripe said it would no longer work with Flipcause and froze all of its credit reserves.

  • December 19, 2025

    What's Happening In Bankruptcy Court This Coming Week

    A magnesium producer will ask for final approval of a debtor-in-possession loan funded by its parent company, a heavy machine retailer is asking for approval of its Chapter 11 liquidation plan after selling its business as a going concern, and auto parts giant First Brands has asked a judge to approve procedures it says will assuage concerns about its restructuring process.

  • December 19, 2025

    Ed Tech Co. Conscious OK'd To Tap Part Of Its DIP Loan

    A Delaware judge on Friday gave interim approval to bankrupt education software company Conscious Content Media to tap part of a $10 million debtor-in-possession loan facility, over objections from the Office of the U.S. Trustee, after it agreed to reduce the roll-up component of the financing package.

  • December 19, 2025

    Agent Sues Over $1.6M Ex-Hudson Hotel Ch. 11 Escrow Tussle

    The escrow agent holding $1.6 million related to the developer of the former Hudson Hotel near Manhattan's Columbus Circle has sued the debtor in Delaware bankruptcy court in an effort to resolve conflicting instructions on what to do with the funds. 

  • December 19, 2025

    Biomedical Co. Gets Approval For Ch. 11 Auction In January

    Eye disease treatment developer Clearside Biomedical on Friday got permission from a Delaware bankruptcy judge for a January auction of its assets after saying it had resolved objections from shareholders and the U.S. Trustee's Office.

  • December 19, 2025

    Chancery Keeps Alive Electric Vehicle Co. SPAC Suit

    Most counts have gone forward in a Delaware Court of Chancery suit alleging an unfair "blank check" company take-public merger with a since-reorganized electric vehicle company that faced allegedly undisclosed supply chain problems.

  • December 18, 2025

    Tricolor Can Sell 10,000 Cars In Ch. 7, Judge Says

    A Texas bankruptcy judge agreed Thursday to approve bankrupt subprime car loan lender Tricolor's procedures for a quick sale of about 10,000 cars in its inventory, saying the debtor appeared to have earned its speedy timeline.

  • December 18, 2025

    Plus-Size Fashion Co. Ashley Stewart Hits Ch. 11 To Nix Sale

    Ashley Stewart, a plus-size clothing retailer, has petitioned for Chapter 11 protection in New Jersey bankruptcy court, listing between $50 million and $100 million of liabilities and seeking to void the sale of its assets to a new operator called G Ashley.

  • December 18, 2025

    Oakland Diocese To Continue Ch. 11 Plan Talks

    The Roman Catholic Diocese of Oakland and representatives of sexual abuse claimants told a California bankruptcy judge Thursday they are ready for another month of talks to try and reach an agreement on a Chapter 11 plan for the diocese.

  • December 18, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Bitcoin mining company Rhodium received the go-ahead for its liquidation plan. The U.S. Trustee's Office suggested installing a Boies Schiller partner as the examiner in First Brands' Chapter 11 and asked that a European packaging maker's bankruptcy proposal be rejected.

  • December 18, 2025

    Educational Software Co. Files Ch. 11 With $205M Debt

    New York-based software company Conscious Content Media and its affiliates on Wednesday filed for Chapter 11 protection in a Delaware bankruptcy court with more than $205 million in debt, along with its restructuring plan backed by its prepetition noteholders. 

  • December 18, 2025

    McGuireWoods Adds Energy Restructuring Pro From DOJ

    McGuireWoods LLP announced Thursday that it has hired a former senior bankruptcy counsel at the U.S. Department of Justice, whose experience includes the two largest offshore oil and gas bankruptcies in U.S. history.

  • December 18, 2025

    Purdue Mediator Says Failure Was Not An Option, Part 2

    Former bankruptcy Judge Shelley C. Chapman mediated a $7.4 billion settlement in the Chapter 11 case of Purdue Pharma that received court approval last month. She spoke with Law360 about the pressure she faced to reach a deal and the 18-hour mediation sessions that came with renewed negotiations after the U.S. Supreme Court threw out a critical element of the agreement. She also discussed the role of nonmonetary relief for creditors, including the removal of the Sackler name from buildings and institutions.

  • December 17, 2025

    Jackson Walker Wants Settlements Heard Before Romance Trial

    Following a Texas federal judge's decision to hold off on reviewing malpractice settlements with former bankruptcy clients, Jackson Walker LLP asked the court to reconsider, as the pending motions could save parties time and money.

  • December 17, 2025

    Manhattan Loft Landlord Hits Ch. 11 With $46M Debt

    The owner of a six-story commercial loft building in Manhattan has filed for Chapter 11 bankruptcy protection on the eve of a foreclosure sale on close to $41 million in mortgage debt.

  • December 17, 2025

    Meet The Attorneys In Self-Driving Tech Co. Luminar's Ch. 11

    A team of lawyers from Weil Gotshal & Manges LLP is representing Luminar Technologies Inc., a developer of lidar technology used in autonomous vehicles, in its Chapter 11 case as the company moves to sell its assets. 

  • December 17, 2025

    Purdue Ch. 11 Mediator Says Settlement Took A Village, Part 1

    Former U.S. Bankruptcy Judge Shelley C. Chapman oversaw the most complex mediation she has seen to date as she guided settlement negotiations in the Chapter 11 case of OxyContin maker Purdue Pharma, and those efforts resulted in a $7.4 billion deal confirmed by a New York court last month.

  • December 17, 2025

    Jenner & Block Elevates 15 To Partner, Special Counsel

    Jenner & Block LLP has selected 15 attorneys in five offices who will receive new titles when the new year begins, including an increase in the number of partners promoted versus last year and a slight dip among special counsel promotions.

Expert Analysis

  • Top 3 Litigation Finance Deal-Killers, And How To Avoid Them

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    Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.

  • Tracking The Evolution Of Liability Management Exercises

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    As liability management exercises face increasing legal scrutiny, understanding the history of these debt restructuring tools can help explain how the playbook keeps adapting — and why the next move is always just one ruling or transaction away, say attorneys at Weil.

  • 3 Steps For In-House Counsel To Assess Litigation Claims

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    Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.

  • Negotiating Triparty Hotel Agreements To Withstand Risk

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    Brewing economic uncertainty in the hospitality industry underscores the importance of subordination, nondisturbance and attornment agreements, and hotel managers should tightly negotiate these agreements to ensure remedies will not disturb key rights, say attorneys at Sidley.

  • Adapting To Private Practice: From DOJ Enviro To Mid-Law

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    Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.

  • Addressing D&O Allocation Questions Amid Shifting Economy

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    As increasing global insolvency this year may lead to an increase in directors and officers insurance claims, businesses should review their policies' allocation provisions to avoid negotiating how coverage will apply to covered and uncovered claims during a suit, say attorneys at Reed Smith.

  • Legal Ethics Considerations For Law Firm Pro Bono Deals

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    If a law firm enters into a pro bono deal with the Trump administration in exchange for avoiding or removing an executive order, it has an ethical obligation to create a written settlement agreement with specific terms, which would mitigate some potential conflict of interest problems, says Andrew Altschul at Buchanan Angeli.

  • Cannabis Deregulation Raises Bankruptcy Access Questions

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    Attorneys at Thompson Coburn explore why cannabis companies have been historically prohibited from filing for bankruptcy, certain exceptions to the general rule, and the potential effects of federal deregulation on such companies' bankruptcy eligibility.

  • Playing Football Made Me A Better Lawyer

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    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

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    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • Ch. 11 Free-And-Clear Sale Ruling Takes Pragmatic Approach

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    A recent ruling from a New York bankruptcy court in which the debtors were allowed to sell interests free and clear regardless of a lienholder's objection signals a practical approach and a recalibration of the balance between debtor flexibility and creditor protections, say attorneys at Eversheds Sutherland.

  • Power To The Paralegals: The Value Of Unified State Licensing

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    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • Administrative Disaster At Bankruptcy Courts May Be In Sight

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    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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