Mid Cap

  • August 28, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Chipmaker Wolfspeed Inc. plans to sell $87 million in Macom Technology Solutions shares ahead of its expected exit from bankruptcy, a local New York real estate buyer was hit with triple fines for filing at least 22 bankruptcy petitions over two years to delay foreclosures, and Gateway Development Group's chief financial officer and chair must list assets to cover a $51.2 million prejudgment remedy in a derivative suit.

  • August 28, 2025

    Rhodium Founders Defend D&O Coverage Request In Ch. 11

    Founders of cryptocurrency mining firm Rhodium are defending their request for leave to pursue payouts from the company's directors and officers insurance policy, saying an ad hoc group's protests fell flat since any shortfalls in coverage would primarily affect the founders and the outcome would not change based on sufficiency of the coverage.

  • August 28, 2025

    Tanking Demand Kicks Off Bourbon Industry 'Bloodbath'

    A swift and sudden change in consumer preferences has left bourbon and other liquor distillers holding millions of barrels of aged spirits with a shrinking market of drinkers to consume them, threatening the $9 billion bourbon industry after years of rapid expansion, experts say.

  • August 28, 2025

    Gambling Biz Gets OK For Ch. 11 Financing, Sept. Auction

    A Texas bankruptcy judge gave final approval to $46 million in new money Chapter 11 financing for Maverick Gaming LLC, a company that runs casinos and other gambling venues in three states, and scheduled a Sept. 19 auction for the debtor's assets.

  • August 27, 2025

    Father, Son Seek 2-Year Sentences In $280M Sports Park Fraud

    A father and son are both seeking two-year sentences from a New York federal court after pleading guilty to fraud related to the development of a Phoenix-area youth sports park with $280 million in investments, alleging prosecutors overstated their culpability for investor losses.

  • August 27, 2025

    Ex-Jackson Walker Partner Says Romance Suit Is 'Déjà Vu'

    A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding.

  • August 27, 2025

    Judge Approves Party City's Ch. 11 Liquidation Plan

    A Texas bankruptcy judge on Wednesday gave final confirmation to Party City's Chapter 11 liquidation plan, overruling an objection from the U.S. Trustee's Office, who argued that the plan improperly reduces administrative claims without clear evidence of consent and could violate the Bankruptcy Code.

  • August 27, 2025

    Faegre Drinker Says Investor Can't Call Biz Loss Malpractice

    Faegre Drinker Biddle & Reath LLP told a New Jersey state court this week that a malpractice suit it faces from a real estate investor is nothing more than an attempt by the investor to shift responsibility for a failed investment.

  • August 27, 2025

    Broadway Producer's Ch. 11 Plan Tests Purdue Ruling Limits

    The bankruptcy plan of a Tony Award-winning theater production company is exploring the boundaries of the U.S. Supreme Court's Purdue Pharma decision last year barring nonconsensual liability releases for nondebtors and, if affirmed on appeal, experts say it could become a model for other small businesses looking to reorganize.

  • August 26, 2025

    Pioneer Health Objects To Banker's Ch. 11 Fee Application

    Clinic operator Pioneer Health Systems LLC, which had its Chapter 11 plan confirmed late last year, objected to a $500,000 fee application from a firm that had acted as its investment banker, saying the payout hinged on a sale Pioneer never fully carried out.

  • August 26, 2025

    SEC Says Nikola's Ch. 11 Plan Mischaracterizes $80M Penalty

    The U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if it were a damages claim behind other unsecured creditors in the priority scheme.

  • August 26, 2025

    UpHealth Strikes Chapter 11 Deal With Glocal

    Bankrupt medical technology company UpHealth told a Delaware bankruptcy court that it has reached a settlement resolving Indian company Glocal Healthcare's $200 million adversary proceeding in a bitter feud over an ill-fated merger. 

  • August 26, 2025

    Village Roadshow Can Sell Studio Biz For $4.25M In Ch. 11

    Movie producer Village Roadshow Entertainment Group, which helped create titles like "The Matrix" and "Ocean's Eleven," received a Delaware bankruptcy judge's approval Tuesday to sell its independent studio to Alcon Entertainment for $4.25 million.

  • August 26, 2025

    Catching Up With New Bankruptcy Case Action

    A medical transportation company entered Chapter 11 in Texas to address $1.1 billion in debt, a business that rented out audiovisual equipment sought to begin liquidation in California, and the company that owns a Wisconsin biomethane plant went bankrupt with a prepackaged plan to be considered on Sept. 30.

  • August 26, 2025

    The Fall Of NYC Nightclub Brooklyn Mirage

    The owner of Brooklyn Mirage, a massive New York City nightclub, recently filed for bankruptcy, haunted by the ghosts of past, present and future: past concerts over which it's being sued; shows which cannot go on because the venue is presently closed; and future events for which it has sold tickets but which may not happen.

  • August 25, 2025

    Auto Parts Supplier Targets Tilton In $39M Clawback Case

    An auto parts supplier asked a Michigan state court to hold collateralized debt promoter Lynn Tilton and several other defendants liable to the tune of nearly $40 million, alleging they had been involved in an asset transfer aimed at ducking a judgment in the plaintiff's favor.

  • August 25, 2025

    Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds

    Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.

  • August 25, 2025

    Trustee For NJ House Flipper Cos. Seeks OK For Oct. Auction

    The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.

  • August 25, 2025

    US Trustee Says Montessori Group's Deal Locks In Ch. 11 Plan

    The U.S. Trustee's Office on Monday asked a Texas bankruptcy judge to reject Higher Ground Education Inc.'s request to assume a pre-bankruptcy deal with its lenders, saying the agreement dictates the terms of the Montessori school operator's Chapter 11 plan.

  • August 25, 2025

    Meet The Attorneys Guiding Recycling Co. Aleon's Ch. 11

    Specialty recycling company Aleon has assembled a team of lawyers from Norton Rose Fulbright and Morrison Foerster LLP to oversee its Chapter 11 as the company is seeking to sell its assets to address more than $403 million in debt.

  • August 22, 2025

    3rd Circ. Upholds Shipbuilder's Ch. 11 Reopening

    A split Third Circuit panel on Friday upheld, 2-1, a New Jersey bankruptcy judge's discretion in reopening Congoleum Corp.'s 2003 Chapter 11 case and barring Occidental Chemical from pursuing Congoleum affiliate Bath Iron Works to recover pollution liability expenses.

  • August 22, 2025

    Truck Lease Protections Stymie Titan's First-Day Hearing

    Issues surrounding adequate protection payments in favor of truck lessors and financiers prevented bankrupt trucking firm Titan CNG LLC from receiving approval on Friday for its cash management motion, with a Delaware bankruptcy judge saying the lessors should be paid for the equipment being used by the debtor and its affiliates.

  • August 22, 2025

    Board Purge May Not Bring Puerto Rico Utility Bond Payments

    President Donald Trump's dismissal of nearly the entire board overseeing Puerto Rico's debt restructuring may result in a body that is more friendly to the island's electric utility bondholders, but their hopes for full payment will likely remain out of reach, experts told Law360

  • August 22, 2025

    CFPB Inks Synapse Deal That Opens Door To Consumer Relief

    The Consumer Financial Protection Bureau has reached a settlement with the bankruptcy trustee for Synapse Financial Technologies Inc. that could unlock millions of dollars in relief for consumers whose funds were stranded in the middleware provider's collapse.

  • August 22, 2025

    Stoli Offers Revised Ch. 11 Plan With Lender Backstop

    Vodka maker Stoli Group USA on Friday told a Texas bankruptcy judge it has modified its plan to partially pay off its secured debt with liquor by giving the lender a partial real estate backstop, but that it still hopes to pay off much of the loan with barrels of unfinished bourbon.

Expert Analysis

  • How AI May Reshape The Future Of Adjudication

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    As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.

  • When Legal Advocacy Crosses The Line Into Incivility

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    As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

  • Law School's Missed Lessons: Appreciating Civil Procedure

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    If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.

  • How Attorneys Can Become Change Agents For Racial Equity

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    As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

  • Running Marathons Makes Me A Better Lawyer

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    After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.

  • Law School's Missed Lessons: Supporting A Trial Team

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    While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.

  • Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

  • The Ins And Outs Of Consensual Judicial References

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    As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.

  • The BigLaw Settlements Are About Risk, Not Profit

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    The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.

  • Brazilian Jiujitsu Makes Me A Better Lawyer

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    Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.

  • Power To The Paralegals: An Untapped Source For Biz Roles

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    Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.

  • Franchise Group Dispute Reflects Rising Intercreditor Suits

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    A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.

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