Mid Cap

  • September 30, 2025

    Hooters Gets OK To Exit Bankruptcy, Shift To Franchise Model

    A Texas bankruptcy judge Tuesday approved restaurant chain Hooters of America's plan to sell more than 100 restaurants to a group of franchisees and exit Chapter 11, confirming the debtor's reorganization plan weeks after ruling on a royalty dispute in the case.

  • September 29, 2025

    Merit Street Ch. 11 Judge Shares Dismissal Evidence Concern

    The bankruptcy judge presiding over the Chapter 11 case of Merit Street Media expressed his concerns Monday over some of the evidence presented during a multi-day trial over motions to dismiss the company's bankruptcy, saying some testimony caused him to lose sleep.

  • September 29, 2025

    Supreme Court Considers 7 Patent Petitions

    The U.S. Supreme Court held its first conference Monday, presenting the justices with several petitions of interest to patent practitioners before the court's new term kicks off next week.

  • September 29, 2025

    Wash. Bank Abetted $230M Ponzi Scheme, Investors Say

    A Washington state bank has been accused of keeping afloat a real estate investment firm's $230 million Ponzi scheme by maintaining the enterprise's accounts even when evidence of fraud surfaced, according to a new lawsuit in Seattle federal court.

  • September 29, 2025

    Worldwide Machinery Files $65M Ch. 11 Asset Sale Motion

    Bankrupt equipment sale and rental company Worldwide Machinery filed a motion late Friday in Texas court seeking approval of a $65.6 million sale of its assets pursuant to a prepetition marketing process.

  • September 29, 2025

    Judge Won't Make Walker Edison Escrow $4M In Ch. 11

    A Delaware bankruptcy judge Monday refused to compel online furniture retailer Walker Edison to set aside around $4 million from a potential sale for a logistics company, which asserted it has a lien justifying the reserve.

  • September 29, 2025

    Spirit Airlines Settles With AerCap, Dr. Phil Defends Layoffs

    Spirit Airlines reached a global settlement with its largest lessor, AerCap, clearing a major hurdle in its second Chapter 11 case. 23andMe received a Missouri bankruptcy court's approval to include up to $86.5 million in data breach settlements in its Chapter 11 plan. Dr. Phil defended layoffs at his joint venture with Trinity Broadcasting, saying the job cuts were necessary due to financial constraints. And FTX's recovery trust sued Genesis Digital Assets to reclaim more than $1 billion the cryptocurrency exchange invested in it before bankruptcy. 

  • September 29, 2025

    Job.com Hit Ch. 11 After Financial Turmoil, Lender Takeover

    The owner of Job.com, an AI-powered recruiting technology firm, in July filed for bankruptcy in Delaware saying its pivot away from more traditional staffing agency models and internal disorganization led it to Chapter 11.

  • September 29, 2025

    Azzur Seeks Time To Finalize Deal Amid US Trustee's Push

    Pharmaceutical services company Azzur Group objected to a motion from the U.S. Trustee's Office seeking to compel the debtor to file an amended Chapter 11 plan after it failed to confirm its last plan in May.

  • September 26, 2025

    Bankrupt NYC Cannabis Club Ordered Out Of Brooklyn Spot

    A New York bankruptcy judge has told Empire Cannabis Club to surrender the property it leases at a location in Brooklyn to its landlord, ruling the bankrupt tenant effectively rejected the lease because it never moved to assume it.

  • September 26, 2025

    Judge Backs Settlement In WanaBana Lead Poisoning Case

    A federal judge in Florida on Friday recommended approving a confidential settlement between Dollar Tree and the parents of a toddler who consumed lead from WanaBana cinnamon applesauce pouches, saying it's in the child's best interests given the ongoing litigation over the recalled snacks.

  • September 26, 2025

    23andMe Secures Up To $86.5M Settlements In Ch. 11 Plan

    A Missouri bankruptcy judge on Friday gave the go-ahead to include customer data breach settlements worth up to $86.5 million in the Chapter 11 plan of genetic testing company 23andMe.

  • September 26, 2025

    NJ Riverfront Site Owner Hits Ch. 11 Ahead Of Sheriff's Sale

    A property owner accused of defrauding an investor with phony development plans for a New Jersey site on the Hudson River sought Chapter 11 protection ahead of a sheriff's sale Friday, claiming it owes $67.3 million to creditors that include a foreclosing developer.

  • September 26, 2025

    What's Happening In Bankruptcy Court This Coming Week

    Furniture company Walker Edison will undergo a hearing about its postpetition financing deal, a judge will consider the terms of a global resolution proposed between Spirit Airlines and its largest lessor, and the Chapter 15 representative for an Austrian biotechnology company will seek subpoena power. Here are some of the noteworthy hearings scheduled for next week.

  • September 26, 2025

    Insurers' $9M Deal With Pump Co.'s Trustee Gets Judge's OK

    Chubb's Century Indemnity Co. and ACE American unit Pacific Employers Insurance Co. have received a Connecticut federal judge's approval to pay $9 million to a pump manufacturer's Chapter 7 estate, allowing the insurers to settle claims that The Nash Engineering Co. fraudulently transferred policies meant to cover asbestos claims.

  • September 26, 2025

    Miss America Dispute Turns On Dueling Fraud Claims

    A real estate developer and his attorney have hit back at claims they should be sanctioned for allegedly submitting fake contracts as evidence they own the company that runs the Miss America pageant, asserting in a Florida federal court filing that their litigation opponents are the ones "engaging in fraud."

  • September 26, 2025

    Plant Downtime, Price Swings Sent Aleon Metals To Ch. 11

    Despite a growing market for the products extracted in its petroleum recycling process, Aleon Metals entered bankruptcy in Texas last month saying equipment issues stalled operations, adding onto financial woes from fluctuating commodity pricing.

  • September 26, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Sanjeev Gupta’s Liberty OneSteel sue its collapsed former lender Greensill Capital, television personality Janice Dickinson hit ITV with a personal injury claim after falling over while appearing on “I’m a Celeb …”, and energy investor Blasket bring fresh litigation against Spain amid a row over a $416 million arbitration award. Here, Law360 looks at these and other new claims in the U.K.

  • September 25, 2025

    Ex-Highland CEO Tells High Court Judge's Novels Show Bias

    The founder and president of hedge fund Highland Capital Management has asked the U.S. Supreme Court to weigh in on a bankruptcy judge's refusal to recuse herself from proceedings involving the company after she published two novels that he says contain veiled commentary about the case.

  • September 25, 2025

    23andMe Hit With Thousands Of Suspect Data Breach Claims

    A Missouri bankruptcy judge said Thursday he was prepared to allow the Chapter 11 plan of 23andMe to go out for a creditor vote and have the go-ahead to deal with what the former genetic testing company said may be tens of thousands of fake data breach claims.

  • September 25, 2025

    Dr. Phil Defends Worker Layoffs That Came With Ch. 11

    Phil McGraw, also known as Dr. Phil, hit back Thursday at accusations that workers at his television channel joint venture were fired when it filed for bankruptcy so they could work for a new entity started by McGraw, saying that the terminations were needed because the company's financials hit a wall that couldn't be overcome.

  • September 25, 2025

    Buffalo Diocese Delays Bid To Hire Jones Day For Ch. 11 Help

    A New York bankruptcy judge agreed on Thursday to table a request by the Roman Catholic Diocese of Buffalo, New York, to hire Jones Day for help working out legal issues related to a nonprofit, as the debtor races to propose a Chapter 11 plan by Oct. 1 to support a $272.5 million settlement.

  • September 25, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    FTX's recovery trust announced plans to give creditors $1.6 billion in distributions, the trustee overseeing the liquidation of Bernie Madoff's fraudulent investment firm won a $6.4 million clawback fight with another firm, and fiber network developer Tilson asked for more time to file a Chapter 11 plan. These are some of the bankruptcy stories you may have missed in the past week.

  • September 25, 2025

    Flagstar Seeks Instant Win In Ex-Live Well VP Fraud Case

    Flagstar Bank has urged a Michigan federal judge to grant it an early win against a former executive of the now-bankrupt Live Well for his role in a scheme to defraud lenders by inflating the value of bonds, saying because the executive already pled guilty to securities fraud, he cannot now deny liability in the bank's civil case.

  • September 25, 2025

    Atty's 'Horrible' Mistake Rooted In Firm Biz, NJ Justices Hear

    Former Sacks Weston attorney Scott Diamond's counsel urged the New Jersey Supreme Court on Thursday to refrain from disbarring him for fraudulently resolving cases behind his former firm's back, arguing during a hearing that his actions stemmed from a "bona fide" business dispute.

Expert Analysis

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Competitive Weightlifting Makes Me A Better Lawyer

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    The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.

  • Serta Ruling Further Narrows Equitable Mootness In 5th Circ.

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    The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Collecting Rare Books Makes Me A Better Lawyer

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    My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Ch. 11 Ruling Confirms Insurer Standing Requirements

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    A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

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