Mid Cap
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November 26, 2025
Akerman Matches 2023 Partnership Class With 15 Additions
Akerman LLP announced Tuesday that it has promoted 15 lawyers to its partnership, the same number it promoted to partner in 2023 and five fewer than it tapped in 2024.
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November 26, 2025
Foley & Lardner Hit With Malpractice Suit Over Chancery Loss
Foley & Lardner LLP has been sued in Delaware Superior Court by three officers of a now-defunct food recycling company who say the firm was negligent when representing them in a Chancery Court case that led to a $1.6 million judgment against them and another officer.
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November 26, 2025
New Orleans Archdiocese Strikes Deal With Bondholders
The Roman Catholic Archdiocese of New Orleans has informed a Louisiana bankruptcy judge it cleared one of the major obstacles to confirmation of its Chapter 11 plan by reaching a settlement with objecting bondholders.
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November 25, 2025
Judge Gives Conditional OK To American Signature DIP Plan
A Delaware bankruptcy judge said Tuesday that she will approve home furnishing retailer American Signature Furniture's bid for interim approval of post-petition financing, after giving a mixed response to objections from the Office of the U.S. Trustee.
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November 25, 2025
Bitcoin Depot Unit Hit With $18.5M Arbitration Award
The parent of a Canadian company that develops software allowing global network users to deposit cash for Bitcoin or exchange Bitcoin for cash said its subsidiary was hit with an $18.47 million arbitral award in a dispute with a bankrupt operator of cryptocurrency ATMs.
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November 25, 2025
11th Circ. Backs Exclusion Of $80M Asset Valuation
The Eleventh Circuit ruled Monday that a bankruptcy judge did not err in excluding an expert's $80 million valuation of bankrupt title insurance underwriter ATIF Inc.'s 2015 transfer of two pieces of real estate along with intellectual property assets to Old Republic National Title Insurance Co.
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November 25, 2025
Battery Maker Powin Gets OK For Ch. 11 Liquidation Plan
A New Jersey bankruptcy judge Tuesday confirmed green energy storage manufacturer Powin LLC's Chapter 11 liquidation plan, overruling an objection by the U.S. Trustee's Office to the opt-out mechanism for obtaining creditor support for third-party releases.
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November 25, 2025
Meet The Attys Guiding American Signature Furniture In Ch. 11
National home goods retailer American Signature Furniture filed for bankruptcy protection in Delaware with plans to close stores and sell its assets. Guiding the company through Chapter 11 is a team of attorneys with Pachulski Stang Ziehl & Jones LLP.
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November 25, 2025
Maverick Gaming OK'd For $62.5M Core Asset Sale In Ch. 11
Maverick Gaming obtained Texas bankruptcy court approval Tuesday for a $62.5 million sale of its core assets after the secured lenders that are purchasing the business and the debtor's unsecured creditors reached a tentative deal allowing the transaction to go forward.
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November 25, 2025
Catching Up With New Bankruptcy Case Action
National home goods retailer American Signature Furniture filed for Chapter 11 after seeing a slump in sales compounded by macroeconomic conditions. A Canadian oil and natural gas driller asked for Chapter 15 recognition of its restructuring efforts. And two pharmaceutical developers filed for bankruptcy, with one looking to hold a Chapter 11 sale of its assets and the other eyeing a Chapter 7 liquidation.
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November 25, 2025
Biomedical Co. Gets First-Day Ch. 11 Relief Amid Sale Push
Clearside Biomedical Inc., a company that develops treatments for serious eye diseases, received a Delaware bankruptcy judge's permission Tuesday to pay contractors' wages and prepetition taxes as the company kicks off a Chapter 11 case designed to help find a buyer for its assets.
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November 25, 2025
Court Won't Alter Nikola Corp. Founder's Ch. 11 Appeal Issues
A Delaware bankruptcy judge declined Tuesday to narrow an appeal of his order approving electric-truck maker Nikola Corp.'s Chapter 11 plan brought by company founder Trevor Milton, who was pardoned by President Donald Trump of securities fraud charges earlier this year.
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November 25, 2025
Delaware Judge Accepts $5.89B Bid For Control Of Citgo
A Delaware federal judge on Tuesday approved a $5.892 billion bid from hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and satisfy billions of dollars' worth of Venezuelan debt, moving a step closer to ending the long-delayed sale.
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November 25, 2025
Solar Energy Co. PosiGen Hits Ch. 11 After Loan Breach Suit
Solar energy company PosiGen has entered into bankruptcy in Texas lugging at least $100 million in debt roughly a month after it was sued in a case alleging a breach of loan agreements.
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November 24, 2025
Investor Alleges Real Estate Fund Fraud In Del. Suit
Alleging Ponzi scheme-like conduct, limited partners in Florida-based Whitestone Real Estate Fund III (GP) accused the business and its affiliates of shuffling through hundreds of related party transactions without board approval, in an 11-count Delaware Court of Chancery suit that includes fraud claims and seeks appointment of a receiver.
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November 24, 2025
Pardoned Ex-Nikola CEO Wants Protection Amid Ch. 11 Appeal
Nikola founder Trevor Milton, who was pardoned of securities and wire fraud charges by President Donald Trump earlier this year, has urged the Delaware bankruptcy court to forbid his former company from serving him with discovery requests while he appeals an order approving the electric-truck maker's Chapter 11 plan.
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November 24, 2025
Warner Bros. Can't Pause Village Roadshow Ch. 11 Sale
A Delaware bankruptcy judge Monday denied a motion to stay the Chapter 11 sale of Village Roadshow's derivative film rights pending an appeal of the $18.5 million deal, finding Warner Bros. failed to demonstrate it was likely to succeed in its appeal.
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November 24, 2025
Tucker Arensberg Promotes 4 In Pittsburgh, Harrisburg
Four attorneys at Tucker Arensberg PC's offices in Pittsburgh and Harrisburg, Pennsylvania, have new titles attached to their names after the firm recently elected two of them to shareholders and two to senior counsel.
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November 24, 2025
Judge Sets Wed. Deadline For Oakland Diocese Plan Proposal
A California bankruptcy judge has told the Roman Catholic Diocese of Oakland it has until the end of the day Wednesday to submit a term sheet for a plan to settle with childhood sexual abuse claimants and end its Chapter 11 case.
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November 24, 2025
Judge Explains OK For Purdue Ch. 11, Yellow Plan Confirmed
A judge provided his reasons for approving Purdue's revised Chapter 11 plan, and Yellow Corp. and business internet service provider Everstream Solutions both obtained confirmation for their bankruptcy plans.
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November 24, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court last week delivered a packed mix of fraud allegations, merger fallout, corporate-governance reforms and jurisdictional fights, while a new academic report ignited debate over attorney fee awards in Delaware's influential corporate forum.
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November 24, 2025
Ophthalmic Co. Hits Ch. 11 With $64M Debt, Eyeing Sale
Clearside Biomedical, a company developing treatments for eye diseases, has filed for Chapter 11 protection in Delaware bankruptcy court with $64 million in debt, saying it will attempt to sell its business during the case.
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November 24, 2025
American Signature Furniture Hits Ch. 11 With Sale Plan
Home furnishing retailer American Signature Furniture filed for Chapter 11 protection in Delaware on Saturday with a plan to close 33 of its stores and sell the remainder of its business to affiliates of its current owners.
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November 21, 2025
What's Happening In Bankruptcy Court This Coming Week
Rite Aid will head to court to seek approval of its second reorganization plan in one year and justify its third-party releases in the aftermath of the U.S. Supreme Court's Purdue decision. Film production company Village Roadshow is scheduled for a hearing where it will fight a bid to stop its asset sale. And electric-truck maker Nikola is expected to attempt to collect the proceeds of an auction.
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November 21, 2025
Rusoro Accuses Gold Reserve Of Trying To Hinder Citgo Sale
Rusoro Mining has accused Gold Reserve, a fellow creditor of Venezuela, of trying to undermine an auction process in Delaware federal court for Citgo Petroleum Corp.'s parent company "in any manner possible, and at any cost."
Expert Analysis
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GENIUS Act Could Muck Up Insolvency Proceedings
While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopardizing the success of stablecoin issuers' insolvency proceedings and warrant another look from Congress, say attorneys at Morgan Lewis.
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Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Despite Dark Clouds, Outlook For US Solar Has Bright Spots
While tariff, tax policy and bankruptcy news seemingly portends unending challenges for the U.S. solar energy industry, signs of continued growth in solar generating capacity and domestic solar manufacturing suggest that there is a path forward, say attorneys at Beveridge & Diamond.
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Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.