Mid Cap

  • October 24, 2025

    PrimaLend's Ch. 11 Funding OK'd Over Noteholder Pushback

    PrimaLend Capital Partners LP, a lender to auto dealerships, received interim approval for $16 million of Chapter 11 financing from its senior secured lenders after a Texas bankruptcy judge overruled an objection from an ad hoc group of unsecured noteholders who accused the debtors of shielding their parent company.

  • October 24, 2025

    Singapore Crypto Co. Seeks Ch. 15 Recognition In NY

    The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stolen cryptocurrency.

  • October 24, 2025

    Eviction, Unpaid Claims Spurred Electric Playhouse's Ch. 11

    Amid a pending eviction and millions of dollars in claims from contractors involved in its buildout, Electric Playhouse, an arcade and dining business, filed for Chapter 11 bankruptcy protection in Nevada just one year after opening its Las Vegas Strip location.

  • October 24, 2025

    RunItOneTime Tells Judge Debtor In Talks For More DIP Cash

    RunItOneTime LLC told a Texas bankruptcy judge on Friday it is in talks with its post-petition financing lender for more funds as it prepares to face the loss of operating cash from assets subject to sales the debtor hopes to close.

  • October 24, 2025

    NJ Property Owner Puts Office, Industrial Properties In Ch. 11

    A New Jersey property owner has put several of its office and industrial properties into Chapter 11, according to multiple petitions filed in New Jersey bankruptcy court.

  • October 23, 2025

    Entities Tied To NYC's Former Hudson Hotel File For Ch. 11

    Two companies affiliated with the former Hudson Hotel near Manhattan's Columbus Circle have filed for Chapter 11 protection in Delaware, listing between $100 million and $500 million each in both assets and liabilities.

  • October 23, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The Second Circuit declined to revisit a ruling that about 300 clawback suits tied to Bernie Madoff should be dismissed. The American Bankruptcy Institute wrote the U.S. Congress to explain benefits of changing tax law concerning receiverships. And investment platform Linqto requested more time to file a Chapter 11 plan.

  • October 23, 2025

    Conn. Panel Doubts Ex-Alex Jones Atty Can Skirt Suspension

    Connecticut appellate judges expressed skepticism Thursday that an attorney who previously represented conspiracy theorist Alex Jones can avoid serving the remainder of a two-week suspension, voicing doubt that a lower court abused its discretion in crafting the sanction for violating a confidentiality order.

  • October 23, 2025

    Firstbase.io Seeks More Time To Find Buyer

    Business services company Firstbase.io urged a New York bankruptcy judge Thursday to reject an equity-swap Chapter 11 plan proposed by a creditor, arguing the debtor should be allowed additional time to court a buyer that can provide a larger recovery for creditors.

  • October 23, 2025

    Meet The Attorneys Leading PrimaLend's Ch. 11

    A team of lawyers from Spencer Fane LLP is representing subprime auto loan company PrimaLend Capital Partners LP in its Chapter 11 case as the company pursues a value-maximizing sale transaction.

  • October 23, 2025

    Judge OKs Heritage Coal's Ch. 11 Plan After Releases Nixed

    A Delaware bankruptcy judge approved the Chapter 11 liquidation plan from Heritage Coal after the debtor removed releases and exculpations for insiders.

  • October 23, 2025

    Amid Restructuring, It's A Busy Year For WeightWatchers GC

    It's a good thing she's an endurance runner. In a little over a year as chief legal and administrative officer of WW International Inc., better known as WeightWatchers, a very busy Jacquie Cooke has helped navigate the company through a bankruptcy reorganization as well as guide it through the changing protocol to sell weight loss drugs.

  • October 22, 2025

    NYC Nightclub Gets OK For Creditor Deal On Sale Plans

    A Delaware bankruptcy judge Wednesday approved a settlement between the owner of the Brooklyn Mirage music venue and its unsecured creditors and allowed it to go forward with a Chapter 11 auction of its assets.

  • October 22, 2025

    Texas Appeals Court Wipes $64M Judgment For Dallas Lender

    A Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lower court improperly found that the subsidiary could collect damages above zero dollars.

  • October 22, 2025

    Worldwide Machinery Approved For $69M Ch. 11 Asset Sale

    A Texas bankruptcy judge approved a $69 million going concern sale of assets for heavy-equipment rental company Worldwide Machinery Group on Wednesday after the proposed buyers increased their offer to avoid a dispute over senior lenders' ability to credit bid against their debt.

  • October 22, 2025

    6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit

    The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optimism about the ultimately failed deal wasn't intentionally false.

  • October 22, 2025

    Stoli, Fifth Third Exchange Term Sheets On New Ch. 11 Plan

    Counsel for Stoli Group USA said the bankrupt vodka maker has exchanged term sheets with its secured lender Fifth Third Bank as it seeks to find a path toward an updated Chapter 11 plan following the rejection of its last proposal earlier this month.

  • October 22, 2025

    Meet The Attys For JKL's Liquidators In Ch. 15 Bid

    The liquidators for British Virgin Islands-based cryptocurrency investment firm JKL Digital Capital Ltd. have tapped attorneys from Seward & Kissel LLP to chart its route to Chapter 15 recognition in New York.

  • October 22, 2025

    Arcade On Las Vegas Strip, Facing Eviction, Files Ch. 11

    Las Vegas-based Electric Playhouse, a high-tech gaming and dining center inside the mall at the world-renowned Caesars Palace resort, filed for Chapter 11 bankruptcy protection in Nevada, facing a pending eviction and millions in unpaid claims from contractors. 

  • October 22, 2025

    Subprime Auto Lender PrimaLend Hits Ch. 11 Seeking Sale

    Subprime auto loan company PrimaLend Capital Partners LP filed for Chapter 11 in Texas bankruptcy court Wednesday, listing more than $100 million in debt and saying that it is pursuing a value-maximizing sale transaction.

  • October 21, 2025

    5th Circ. Revives Oil Co.'s Faulty Cement Coverage Suit

    The Fifth Circuit revived an oil and gas producer's suit seeking coverage for a settlement it reached with a bankrupt oilfield services firm over faulty cement, saying a Texas federal court incorrectly tossed the company's duty to defend and indemnify claims against certain underwriters at Lloyd's of London.

  • October 21, 2025

    Royal Interco Looks To End Ch. 11 After Creditor Deal

    A Delaware bankruptcy judge Tuesday agreed to approve settlements between paper product company Royal Interco LLC and a number of its creditors as it moves to dismiss its case.

  • October 21, 2025

    SilverRock Approved For $65M Sale Of Calif. Resort Project

    Bankrupt real estate development firm SilverRock Development Co. LLC received approval Tuesday from a Delaware judge for the $65 million sale of its resort project assets to affiliates of Turnbridge Equities, with the court overruling objections tied to an existing ground lease on the property.

  • October 21, 2025

    Village Roadshow Film Rights Sale Set For 'Prompt' Ruling

    A Delaware bankruptcy judge hopes to issue a decision quickly after arguments wrapped up Tuesday over the proposed Chapter 11 sale of the derivative rights of bankrupt movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven."

  • October 21, 2025

    Calif. Wildfire, Debt Burden Led Image Locations To Ch. 11

    A California wildfire in January, the shutdown of filming during the COVID-19 pandemic, two historic entertainment industry strikes by writers and actors, and the burden of high-interest merchant cash advances combined to lead Image Locations Inc. to file for small-business Chapter 11 protection this month. 

Expert Analysis

  • So You Want To Move Your Law Practice To Canada, Eh?

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    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • A Strategic Checklist For Bankruptcy Motion Objections

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    Hewing to a set of best practices for objecting to a motion in bankruptcy cases can help creditors’ counsel stay on track as they juggle deadlines and jurisdictions, determine whether filing will help or harm the client, and negotiate with the debtor.

  • The 3rd-Party Bankruptcy Release Landscape After Purdue

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    In its Purdue Pharma ruling prohibiting nonconsensual third-party releases, the U.S. Supreme Court did not comment on criteria to render a third-party release consensual, opening a debate in the bankruptcy courts on the permissibility of opt-out versus opt-in releases, say attorneys at Morgan Lewis.

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Being An Artist Makes Me A Better Lawyer

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    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • Bankruptcy Decision Exemplifies Venue Issue For Franchisees

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    A California bankruptcy court's decision earlier this month in Pinnacle Foods and a lingering circuit split on assumption of executory franchise contracts highlights the issue of whether franchisee debtors can qualify for case venue in friendlier circuits, says David Gamble at Parkins Rubio.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

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