Mid Cap
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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.
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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.
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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.
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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."
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October 21, 2025
Watchmaker Fossil Files Ch. 15 Amid $150M UK Debt Workout
A unit of watch- and jewelry-maker Fossil Group Inc. has filed for Chapter 15 protection in Texas bankruptcy court seeking U.S. recognition of a plan proposed in the United Kingdom to restructure $150 million in debt.
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October 21, 2025
Akoustis Gets OK For Ch. 11 Liquidation Plan Disclosures
Radio frequency filter maker Akoustis Technologies received bankruptcy court approval Tuesday in Delaware for a disclosure statement describing its Chapter 11 plan of liquidation that was presented without any objection.
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October 20, 2025
Sandy Hook Families Oppose Reverting Equity To Alex Jones
Families of Sandy Hook Elementary School shooting victims have pushed back against a bankruptcy trustee's attempt to relinquish equity interests in conspiracy theorist Alex Jones' Free Speech Systems LLC, telling a Texas bankruptcy court Friday that doing so would frustrate their collection of more than $1 billion in judgments.
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October 20, 2025
LifeScan To Cut $1.7B Debt, Reed Smith DQ'd From Eletson
A bankruptcy trust for Rite Aid went after Walmart to defray the costs of defending opioid lawsuits. A blood glucose monitor manufacturer fought for confirmation of a reorganization plan that would cut $1.7 billion in debt. The long saga of the Eletson bankruptcy continued after a district court found the prebankruptcy ownership of the company had no legal existence and therefore no right to counsel.
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October 20, 2025
Village Roadshow Defends Auction Amid Warner Bros. Bid
Warner Bros. Entertainment Inc. made a last-minute offer for the derivative rights of bankrupt movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," an attorney for the debtor said at a hearing Monday.
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October 20, 2025
Judge Trims Quinn Emanuel Fees In Firstbase.io Ch. 11
A New York bankruptcy judge Monday scaled back a fee request by Quinn Emanuel Urquhart & Sullivan LLP for the firm's work on the Firstbase.io Chapter 11 case, expressing doubt that a Third Circuit ruling the firm won for the debtor last week will be much help for creditors.
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October 20, 2025
Judge Rejects Heritage Coal's Ch. 11 Plan Over Releases
A Delaware bankruptcy judge on Monday refused a bid by Heritage Coal for approval of its Chapter 11 liquidation plan, siding with the unsecured creditors committee on an objection over the plan's release provisions.
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October 20, 2025
Kirkland Rehires Esteemed NY Trial Lawyer From Latham
Kirkland & Ellis LLP announced Monday that it has rehired a prominent trial attorney from Latham & Watkins LLP, touting his record of securing 18 complete defense verdicts and more than $1.8 billion in damages for plaintiffs since 2017.
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October 20, 2025
Catching Up With Delaware's Chancery Court
This past week, the Delaware Chancery Court and Supreme Court handled a crowded corporate docket, weighing blockbuster merger appeals, shareholder settlement objections, fights over control involving an NBA franchise and a high-profile appeal from Elon Musk involving a massive payday from Tesla.
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October 20, 2025
Justices To Hear Bankruptcy Challenge To Estoppel Rule
The U.S. Supreme Court agreed on Monday to hear an appeal challenging a "rigid" and "unforgivable" rule used by some bankruptcy courts that permanently blocks a debtor from pursuing litigation if they knew - but didn't disclose - the allegations as part of their bankruptcy case.
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October 17, 2025
LA County Commits An Added $828M For Sex Abuse Victims
Los Angeles County Friday said it has tentatively agreed to shell out an additional $828 million to settle hundreds of cases alleging childhood sexual abuse that occurred in county facilities, an amount that follows a $4 billion settlement announced earlier this year.
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October 17, 2025
Romania Wins $384M Dispute Over Failed Insurance Firm
An international tribunal has ruled in favor of Romania in an arbitration filed by Nova Group Investments, a Netherlands-based company owned by the Romanian Adamescu family, seeking about $384 million in damages to compensate for the bankruptcy of the family's insurance company.
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October 17, 2025
Insys Ex-CEO Babich Agrees To $30M Trustee Deal In Del.
Former Insys Therapeutics CEO Michael Babich has consented to a $30 million settlement amid a bankruptcy trustee's efforts to recover tens of millions in damages from company officials tied to Insys' aggressive marketing of the opioid painkiller Subsys, according to a Delaware Court of Chancery settlement filed early on Friday.
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October 17, 2025
SilverRock $65M Asset Sale Ruling Delayed Amid Objections
A Delaware bankruptcy judge has delayed California property developer SilverRock Development Co. LLC's $65 million asset sale of a 135-acre site in La Quinta, California, to its stalking horse bidder, following objections from lenders and other creditors.
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October 17, 2025
Real Estate Recap: Lenders' Inner Circle, '25 Hospitality Deals
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the real estate deal dynamics influencing the choice of lender counsel, and the law firms that guided the 10-figure hospitality mergers and acquisitions to date in 2025.
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October 17, 2025
Bankruptcy Ends Sex Assault Suit Against Cyndi Lauper's Son
A New York federal judge on Friday dismissed a sexual assault suit against the rapper son of '80s singing star Cyndi Lauper, saying the plaintiff missed her chance to argue against a bankruptcy judge's discharge of the claims earlier this year.
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October 17, 2025
What's Happening In Bankruptcy Court This Coming Week
Village Roadshow's third proposed sale will go before a judge. A bankruptcy court will consider confirming Heritage Coal's liquidation plan. And a CVS Health subsidiary will seek final approval of its bankruptcy financing.
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October 17, 2025
3rd Circ. Won't Rethink IRS Collections For Preparer Fraud
The Third Circuit declined Friday to reconsider a panel decision allowing the IRS to pursue a woman's unpaid taxes more than 20 years later — well after the normal three-year deadline — because her return preparer committed fraud on her filings without her knowledge.
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October 17, 2025
Federal Courts To Scale Back Operations Amid Shutdown
The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.
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October 17, 2025
Latham To Bring On 3 Restructuring Pros From Ropes & Gray
Latham & Watkins LLP announced Friday that it will be adding three restructuring partners from Ropes & Gray LLP, including one who steered that firm's business restructuring practice.
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October 17, 2025
Creditor Says Firstbase.io Trying To 'Crater' Its Ch. 11 Plan
Firstbase.io's largest creditor is asking a New York bankruptcy judge to reject the company's request to pay nearly $802,000 to Quinn Emanuel Urquhart & Sullivan LLP, saying the debtor is trying to sink the creditor's proposed Chapter 11 plan under a pile of legal fees.

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.

Consumer Shifts, Lease Obligations Led Razzoo's To Ch. 11
Consumer behavior shifts following the COVID-19 pandemic, rising competition, heavy lease burdens and an inability to service debt have pushed Cajun restaurant chain Razzoo's to seek Chapter 11 bankruptcy protection in Texas.
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Meet The Attys In Machine Dealer GT Mid Atlantic's Ch. 11
Groff Tractor Mid Atlantic, a construction equipment dealership operator, is seeking Chapter 11 protection in Texas, estimating between $100 million to $500 million in liabilities. Guiding the private equity-owned group through bankruptcy are two attorneys with Forth Worth-based Bonds Ellis Eppich Schafer Jones LLP.
Expert Analysis
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Law School's Missed Lessons: Client Service
Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Rare Del. Oversight Ruling Sends Governance Wake-Up Call
An unusual ruling from the Delaware Court of Chancery recently allowed Caremark oversight claims to proceed against former executives of a company previously known as Teligent, sending a clear reminder that boards and officers must actively monitor and document oversight efforts when addressing mission-critical risks, say attorneys at WilmerHale.
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11th Circ. Equitable Tolling Ruling Deepens Circuit Split
The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Law School's Missed Lessons: Adapting To The Age Of AI
Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.
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Bankruptcy Courts May Offer Relief For Tariff-Driven Distress
The Bankruptcy Code and the customs laws interact in complex ways that make bankruptcy a powerful, albeit limited, tool for companies that are dealing with tariff-related financial distress, says Eitan Arom at KTBS Law.
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What New CFPB Oversight Limits Would Mean For 4 Markets
As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.