Mid Cap
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June 23, 2025
Oak and Fort Gets US Provisional Protection In Ch. 15 Case
A New York bankruptcy judge on Monday granted Canadian clothing retailer Oak and Fort Corp. provisional protections in its Chapter 15 case while the debtor awaits recognition of its foreign insolvency as the primary proceeding.
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June 23, 2025
Chili's Says Worker's Bankruptcy Omission Dooms Wage Suit
A former Chili's employee should have his wage and hour action against the chain's parent company tossed because the case wasn't listed among his assets in bankruptcy court, the company argued, saying he knew he was supposed to divulge this information and still failed to do so.
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June 20, 2025
23andMe Judge Aims For Quick Decision On Sale To Founder
After a second all-day hearing, a Missouri bankruptcy judge said he would decide as quickly as he can on the proposed $305 million sale of genetic testing company 23andMe to a nonprofit led by co-founder Anne Wojcicki.
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June 20, 2025
Real Estate Recap: Senior Living, Data Centers, CEQA
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into a senior housing surge, data center construction, and the Golden State's latest efforts to spur housing construction without upsetting the California Environmental Quality Act.
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June 20, 2025
Tariffs Are Causing Bankruptcies, And A New DIP Covenant
From a small Canadian clothing retailer to a global auto parts maker, at least four companies placed the blame for their recent bankruptcies squarely on America's new tariff regime, with one even adding a tariff-specific covenant to its post-petition financing deal.
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June 20, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Pogust Goodhead face legal action from mining giant BHP Group, Trainline bring a procurement claim against the Department for Transport, Sworders auction house sue Conservative peer Patricia Rawlings, and Nokia hit with a patents claim by Hisense. Here, Law360 looks at these and other new claims in the U.K.
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June 20, 2025
School Operator Gets Nod On Initial Ch. 11 Financing
Higher Ground Education Inc., an owner and operator of Montessori schools, received interim approval Friday from a Texas bankruptcy judge to access a portion of its $8 million in Chapter 11 financing, after issues over the loan's fees and a roll up of prepetition debt were addressed.
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June 20, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges will consider Exela Technologies' Chapter 11 plan and disclosure statement, decide whether Party City can solicit creditor votes on its plan, rule on the roughly $7 million asset sale of Publishers Clearing House, and address second-day motions in Everstream Solutions' case.
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June 20, 2025
Rhodium, Investors Agree To Delay Ch. 11 Exclusivity Fight
A Texas bankruptcy judge said Friday he will allow cryptocurrency miner Rhodium to set aside a group of startup funders' bid to terminate its exclusive right to file a Chapter 11 plan in its insolvency case, agreeing to first decide whether claims asserted by the investors are valid.
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June 20, 2025
White And Williams Hires 6, Launches 3 New Practices
White and Williams LLP announced this week that it has welcomed six Northeastern attorneys to its business department, two of whom will lead three new practice areas for the firm.
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June 20, 2025
Gymnastics Co. Cuts Deal In EEOC Sex Harassment Suit
A gymnastics business will pay a former coach $50,000 to resolve a U.S. Equal Employment Opportunity Commission suit claiming the company's co-owner repeatedly propositioned her and other teen workers for sex, according to a Mississippi federal court filing.
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June 20, 2025
Akoustis Strikes Deal With Rival On Sale, Ch. 11 Claims
A Delaware bankruptcy judge Friday approved the $6 million sale of a subsidiary of bankrupt radio frequency filter maker Akoustis Technologies after hearing the company has reached a deal with a competitor who had accused it of stealing trade secrets.
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June 18, 2025
ABI Meeting Covers Chapter 11s, Trump, Cross-Border Issues
Lawyers, judges, clerks, academics and others met Tuesday for the American Bankruptcy Institute's one-day conference in New York City to examine key issues facing bankruptcy and restructuring professionals.
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June 18, 2025
23andMe Seeks To Ease Concerns Over Sale To Founder
Several states indicated Wednesday they may no longer oppose the $305 million sale of 23andMe to a nonprofit led by Anne Wojcicki, a co-founder of the company, after the debtor structured the transaction as an equity transfer.
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June 18, 2025
Village Roadshow Approved For $417.5M Ch. 11 Asset Sale
Movie production company Village Roadshow Entertainment Group received approval Wednesday from a Delaware bankruptcy court for a $417.5 million sale of its film library assets, including blockbusters like "The Matrix," "Ocean's Eleven" and "Sherlock Holmes," after informing the court it had resolved all outstanding objections to the transaction.
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June 18, 2025
Montessori School Owner Files Ch. 11 With $144M Of Debt
Higher Ground Education Inc., once the largest owner and operator of Montessori schools in the world, filed for Chapter 11 protection late Tuesday in Dallas, saying it has an agreement with stakeholders to obtain postpetition financing and turn the company over to secured creditors.
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June 18, 2025
Under The Radar: Bankruptcy News You May Have Missed
The Roman Catholic diocese in Buffalo, New York, was ordered to use only a share of proceeds from the sale of a seminary building for a settlement with sexual abuse survivors. Meanwhile, a charter school funding company asked a bankruptcy judge to approve its speedy Chapter 11 sale process. And bankrupt electric-vehicle maker Nikola Corp. requested more time to draft its liquidation plan.
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June 18, 2025
Eversheds Sutherland Adds Ex-Kelley Drye Restructuring Atty
Eversheds Sutherland announced Tuesday the hiring of a New York-based counsel formerly of Kelley Drye & Warren LLP for its U.S. finance practice group.
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June 17, 2025
SilverRock's $60M Ch. 11 Stalking Horse Bid Gets Green Light
Acknowledging property owner and creditor valuation objections and unsettled claims, a Delaware bankruptcy judge on Tuesday approved a $60 million stalking horse offer intended to jumpstart bidding for a 134-acre tract southeast of Los Angeles that was once part of a resort development plan.
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June 17, 2025
Pa. Landlord Says Kohl's Can't Skirt Lease, Shield Profits
The owner of a Pottstown, Pennsylvania, mall has accused Kohl's of attempting to unilaterally terminate its lease and duck payment obligations while liquidating merchandise to which the landlord was entitled, according to a lawsuit filed in federal court.
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June 17, 2025
Catching Up With New Bankruptcy Case Action
Tariff-related uncertainty led home furnishing retailer At Home Group Inc. and automotive parts manufacturer Marelli Corp. to file for bankruptcy, Florida-based Contour Spa cited rapid expansion as a key reason for its financial downfall, and a firm behind a major hospital redevelopment project in Detroit filed for Chapter 11 after failing to meet its commitments to the city.
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June 17, 2025
Judge OKs Deal To End LeClairRyan Founder Tax Claims
A Virginia bankruptcy judge Tuesday approved a settlement striking LeClairRyan PLLC founder Gary LeClair from the list of owners of the defunct firm, relieving him of responsibility for a share of the firm's nearly $21 million in tax liabilities.
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June 17, 2025
Hooters Can Seek Ch. 11 Plan Votes Following Creditor Deal
A Texas bankruptcy judge determined Tuesday that Hooters of America may solicit votes on its Chapter 11 plan after the troubled casual dining chain reached an agreement with its unsecured creditors committee, overruling objections lodged by the U.S. Trustee's Office.
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June 17, 2025
BowFlex Recall Burdens Buyers Of 3.7M Dumbbells, Suit Says
A BowFlex buyer is suing the brand's new owner in California federal court, alleging that a recall of defective adjustable dumbbells wrongly leaves out the vast majority of the product's buyers, covering only about 100,000 of the 3.8 million products sold.
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June 16, 2025
Stoli USA Gets Initial Approval To Keep Using Lender Cash
The U.S. arm of vodka giant Stoli Group and lender Fifth Third Bank reached an agreement Monday to let the company make a $400,000 payment to keep product shipments on track, with a Texas bankruptcy judge saying he would consider additional relief at a hearing set for Tuesday.
Expert Analysis
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A Cold War-Era History Lesson On Due Process
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
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Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.