Mid Cap
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September 17, 2025
Judge Grossman Rejoins Duane Morris As Of Counsel
U.S. Bankruptcy Judge Robert E. Grossman has rejoined Duane Morris LLP as of counsel in the firm's business reorganization and financial restructuring practice in New York, where he was a partner before his appointment to the bench, the firm announced Monday.
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September 17, 2025
Nitro Fluids Confirms Ch. 11 Plan After Case Pivot
A Texas bankruptcy judge on Wednesday approved the Chapter 11 liquidation plan of fracking and oil drilling services group Nitro Fluids LLC after lackluster asset marketing results forced a pivot in its bankruptcy strategy.
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September 17, 2025
Biopharma Co. Seelos Gets OK For $22M Ch. 11 Sale
A New York bankruptcy judge on Wednesday approved the $22 million credit bid sale of bankrupt biopharmaceutical company Seelos Therapeutics after hearing the buyer had agreed to add another $100,000 in cash to its offer.
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September 16, 2025
Exactech Enters $8M Deal To Resolve Implant Failure Claims
Orthopedic implant-maker Exactech Inc. agreed to pay $8 million to resolve allegations it marketed and sold faulty components of its knee-replacement systems that were to be used on patients on Medicare, Medicaid and U.S. Department of Veterans Affairs assistance, federal prosecutors in Maryland and Alabama announced Tuesday.
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September 16, 2025
Sale Plan Standoff Led Worldwide Machinery Into Ch. 11
A dispute with a secured lender over competing sale plans prompted Worldwide Machinery, a construction equipment sale and rental company, to file for Chapter 11 protection, with pandemic-related economic pressures and a heavy debt load compounding its problems.
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September 16, 2025
Trinity Says Dr. Phil's Media Co. Filed Ch. 11 In Bad Faith
Trinity Broadcasting Network told a Texas bankruptcy judge on Tuesday that the Chapter 11 case of Dr. Phil McGraw's Merit Street Media was filed in bad faith as a way to escape some debts while keeping the assets of the business and giving them to a new entity started by the television therapist.
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September 16, 2025
Catching Up With New Bankruptcy Case Action
Bankrupt dietary supplement company Iovate began a Chapter 15 case to protect its U.S. assets as it weighs pursuing a Canadian insolvency. A car loan lender for low-income people entered Chapter 7 with at least a billion in debt. And an aerospace manufacturer entered Chapter 11 with at least $15 million in debt to tackle.
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September 16, 2025
Former Judge Aims To Escape Suit Over Secret Atty Romance
Former Bankruptcy Judge David R. Jones wants out of a lawsuit claiming his secret romance scandal infected the restructuring of life insurance bond seller GWG Holdings Inc., arguing that he's clearly protected by judicial immunity.
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September 16, 2025
9th Circ. Tosses Appeal Of Automatic Stay In Bankruptcy Case
The Ninth Circuit threw out an appeal of an Arizona bankruptcy court order that reinstated a stay of state court litigation between a mother and daughter, finding that a lower court erred in hearing the case.
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September 15, 2025
Ch. 11 Plan Faces Blowback From 23andMe Breach Claimants
More than 30,000 individuals who elected to pursue arbitration rather than sign on to a proposed class settlement over a data breach at 23andMe are urging a Missouri bankruptcy judge to reject the DNA testing company's notice of its reorganization plan, arguing that the disclosure provides misleading and inflated information about the company's agreement with these claimants.
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September 15, 2025
Heavy Equipment Seller Can Use Cash Collateral In Ch. 11
A Texas bankruptcy judge Monday allowed a company that sells and rents out construction and mining equipment to tap into cash collateral for two weeks to stay running, overriding a senior lender's objection and deferring a battle between debtor and lender over who should purchase the company's assets.
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September 15, 2025
3rd Circ. Backs Talc Co.'s Ch. 11, Hooters Must Split Royalties
The Third Circuit determined that the board of directors for former talc supplier Whittaker Clark & Daniels had the power to put it into bankruptcy, despite the appointment of a receiver for its assets. The Catholic diocese for Oakland, California, has asked to end its Chapter 11, saying it has little hope for reaching a settlement with creditors. And debtors across the country secured confirmation of Chapter 11 plans.
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September 15, 2025
Furniture Co. Avoids Privacy Ombudsman For Ch. 11 Auction
A Delaware bankruptcy judge on Monday approved bidding procedures for the assets of online furniture retailer Walker Edison but declined to appoint a consumer privacy ombudsman to review the sale.
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September 15, 2025
Ch. 11 Debtors Sue CVS Over Owed Rent, Ownership Dispute
A group of debtors has claimed that CVS Caremark Corp. and its entities are withholding more than $7 million in rent because a "serial litigant" wrongfully alleged that he owns both the properties that CVS rented and the original property-owner companies.
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September 15, 2025
Dr. Phil Media Co.'s Committee Backs Chapter 11 Settlement
Merit Street Media's official committee of unsecured creditors has thrown its support behind a proposed $17 million Chapter 11 settlement funded by Dr. Phil McGraw's production company Peteski Productions, saying a bankruptcy plan would result in the best outcome for creditors.
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September 15, 2025
Nursing Home Pharmacy Co. Gets $6.5M DIP Facility OK'd
A Texas bankruptcy judge Monday granted final approval of a $6.5 million debtor-in-possession lending facility for a company that provides medication to patients in long-term care facilities across seven U.S. states, as the company moves closer toward exiting bankruptcy through an asset sale.
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September 15, 2025
Fiber Co. Tilson Approved For $22M Ch. 11 Asset Sale
Bankrupt fiber network developer Tilson Technology Management Inc. received court approval Monday for a $22.07 million sale of its assets to ITG Communications LLC after a robust marketing process resulted in multiple bids for the business.
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September 15, 2025
Jackson Walker Wants Breakup From Judge Romance Suit
Jackson Walker LLP says bondholders' proposed class action accusing the firm of covering up a romance between a one-time partner and bankruptcy judge is an attempt at invalidating an already confirmed Chapter 11 plan and should be tossed.
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September 15, 2025
Exactech Gets OK For Ch. 11 Plan Ditching Sponsor Deal
A Delaware bankruptcy judge on Monday approved Exactech's Chapter 11 sale and liquidation plan that drops a previous deal with the joint implant maker's equity sponsor in favor of funding the pursuit of potential legal claims against the sponsor on behalf of creditors.
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September 15, 2025
Raines Feldman Gains 7 New Attys In Calif., NY
Raines Feldman Littrell LLP announced Friday that it has added seven new attorneys to its ranks, adding bicoastal legal talent across four different practice areas.
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September 15, 2025
Court Urged To Block Offshore Asset Freeze In $28M Tax Row
The federal government's claim that a beneficiary of offshore trusts is likely to spend down assets to avoid a $28 million tax bill lacks evidence, the beneficiary argued in urging a Florida federal court not to freeze his accounts.
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September 15, 2025
Meet The Attys In Eatery, Bowling Chain Pinstripes' Ch. 11
Pinstripes Holdings Inc., a restaurant chain offering bocce ball and bowling alongside fettuccine bolognese, has hired attorneys from Young Conaway Stargatt & Taylor LLP to guide the bankruptcy it entered with more than $143 million in debt and plans to seek a going concern sale.
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September 15, 2025
Ex-Boston Sports Clubs CEO Owes $6M Over Pandemic Billing
The former CEO of Boston Sports Clubs is liable for $6 million in damages and interest, because he approved a plan to charge gym members while the clubs were shuttered at the start of the coronavirus pandemic, then thwarted customers' attempts to cancel their contracts, a Massachusetts judge has ruled.
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September 12, 2025
23AndMe Inks $3.25M Data Breach Deal With Canadian Users
23andMe has asked a Missouri bankruptcy judge to approve a $3.25 million settlement reached with a class of 300,000 Canadian citizens whose information was compromised following a cybersecurity breach, touting the deal as an "excellent result" considering limited funds available and other issues implicated by the company's bankruptcy proceedings.
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September 12, 2025
Real Estate Recap: CMBS Distress, Nuclear AI, Campus Golf
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney perspectives on commercial mortgage-backed securities distress, the dawn of nuclear-powered data centers, and the albatross of golf courses on colleges and universities.
Expert Analysis
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6 Changes I Would Make If I Ran A Law School
Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.
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Firms Still Have The Edge In Lateral Hiring, But Buyer Beware
Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.
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A Closer Look At SDNY Bankruptcy Rule Amendments
The U.S. Bankruptcy Court for the Southern District of New York’s recent amendments to its local rules aim to streamline key Chapter 11 processes, resolve misunderstandings about previous iterations of the rules and urge caution about the use of artificial intelligence, say attorneys at Skadden.
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FTX Exec's Sentencing Shows Pros And Cons Of Cooperation
The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.
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Gardening Makes Me A Better Lawyer
Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.
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Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal
A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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The Challenges Of Abandoned Retirement Plans In Ch. 7
The Department of Labor's rule for unwinding retirement accounts when plan sponsors file for Chapter 7 bankruptcy was intended to alleviate trustees' administration issues, but practical challenges, like unresolved fee and identification matters, could hinder its implementation, say David Goodrich at Golden Goodrich and Nancy Simons at Stretto.
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Circus Arts Make Me A Better Lawyer
Performing circus arts has strengthened my ability to be more thoughtful, confident and grounded, all of which has enhanced my legal practice and allowed me to serve clients in a more meaningful way, says Bailey McGowan at Stinson.
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When Investigating An Adversary, Be Wary Of Forged Records
Warnings against the use of investigators who tout their ability to find an adversary’s private documents generally emphasize the risk of illegal activity and attorney discipline, but a string of recent cases shows an additional danger — investigators might be fabricating records altogether, says Brian Asher at Asher Research.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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So You Want To Move Your Law Practice To Canada, Eh?
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.