Mid Cap
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August 11, 2025
Stoli Banker Says It Can't Accept Bourbon As Ch. 11 Recovery
The secured lender to Stoli Group USA Monday asked a Texas bankruptcy judge to reject the vodka maker's proposed Chapter 11 plan, saying the company is trying to shortchange it by paying its debt in bourbon.
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August 11, 2025
Catching Up With Delaware's Chancery Court
Nielsen Holdings Ltd. and consumer intelligence spinoff Nielsen Consumer IQ agreed to end their dispute, a sole investor asked the court to name him lead plaintiff in a suit challenging Endeavor's $13 billion take-private deal, and the Chancery Court announced a new, automated case assignment regime. Here's the latest from the Delaware Chancery Court.
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August 11, 2025
Truck Rental Co. Fluid Market Asks For Ch. 7 After Ch. 11 Sale
Truck rental business Fluid Market Inc. asked a Delaware bankruptcy judge to let it convert its case to a Chapter 7 liquidation after completing a sale in December and reaching a settlement with its creditors, its buyer and its postpetition lenders.
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August 11, 2025
Fla. Drinks Co. Founder Faces Filings Ban Over Fake AI Cases
A Florida federal judge is considering a request to ban the founder of Bang Energy from submitting any more paperwork without court permission after Monster Energy argued Monday that fake legal citations generated from artificial intelligence appeared in a pro se motion to dismiss its judgment collection lawsuit.
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August 11, 2025
2nd Circ. Affirms Denial Of Partnership's $22.7M Tax Loss
The U.S. Tax Court correctly found the IRS properly denied a Connecticut partnership's $22.7 million loss deduction because the underlying transactions, which involved a Brazilian company, were tantamount to a disguised property sale, the Second Circuit ruled Monday.
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August 08, 2025
CFPB Preps Complaint Against Failed Fintech Firm Synapse
The Consumer Financial Protection Bureau is getting ready to file a complaint against bankrupt Synapse Financial Technologies on allegations it failed to properly keep track of consumer funds and left as much as $90 million in consumer funds unrecovered, the fintech firm's trustee has told a bankruptcy judge in California.
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August 08, 2025
Ch. 7 Claim Can't Nab Early Win For Litigation, 2nd Circ. Says
A medical device distributor can't use an allowed claim from a former employee's Chapter 7 bankruptcy to win summary judgment in a long-running lawsuit, the Second Circuit ruled Friday.
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August 08, 2025
George Clinton Fights Sanctions In Decades-Long IP Battle
Funk legend George Clinton has asked a Florida federal court to reject sanctions and lawsuit dismissal bids from music executive Armen Boladian, arguing that his copyright ownership complaint is not frivolous.
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August 08, 2025
Titanic Artifact Ch. 11 Sale Suit Settled For $12M
A Florida bankruptcy judge Friday approved an $11.75 million settlement of a long-standing adversary lawsuit over the sale of artifacts from the Titanic during the bankruptcy of a company that ran popular traveling exhibits about the ship.
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August 08, 2025
1st Circ. Backs Creditors Cut Offs In Involuntary Bankruptcies
The First Circuit recently upheld the dismissal of an involuntary bankruptcy, backing a Boston judge who set a deadline for creditors to join the petition, in a ruling that speaks to the pitfalls that can come with the powerful but seldom used creditor tool, experts told Law360.
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August 08, 2025
Prison Health Co. Spinoff Can't Duck Some Inmates' Suits
A Texas bankruptcy judge is allowing some incarcerated individuals to continue suing a company that was spun off from prison healthcare provider Tehum Care Services prior to its Chapter 11 filing, after finding that certain inmates are not bound by the third-party release in Tehum's bankruptcy plan because they were not given a chance to opt out.
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August 08, 2025
What's Happening In Bankruptcy Court This Coming Week
Bankruptcy judges are scheduled for a potentially four-day confirmation hearing on the Chapter 11 plan of the U.S. arm of vodka maker Stoli, while also considering final approval of a $912.5 million financing package for canned foods giant Del Monte, a proposed $17.5 million sale of some of the brands of tile and stone seller Mosaic Cos., and perhaps a dismissal or conversion hearing in the Chapter 11 case of MOM CA Investco LLC, a company that developed a resort and other properties in California.
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August 08, 2025
Atlantic City Timeshare Seller Gets Ch. 11 Sale Approved
Flagship Resort Development Corp., a seller of timeshares around the Atlantic City Boardwalk, secured a New Jersey bankruptcy judge's blessing Friday to sell its assets and take votes on a Chapter 11 liquidation plan after striking a settlement with unsecured creditors in the case.
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August 07, 2025
CFPB Mulls Cuts To Oversight Reach In 4 Nonbank Markets
The Consumer Financial Protection Bureau is considering formally scaling back the reach of its nonbank oversight, floating a series of early stage proposals that contemplate sharply reducing the number of firms it would supervise in four key financial services markets.
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August 07, 2025
Under The Radar: Bankruptcy News You May Have Missed
A bitcoin miner said its early investors cannot file claims in its Chapter 11 that allege the company was mismanaged, arguing those claims belong to the debtor's estate. A Brazilian fiber network company objected to the novel plans of telecommunications group Oi to end its Chapter 15 recognition of ongoing overseas restructuring to file for Chapter 11 instead. And a group of tort claimants said Genesis Healthcare's debtor-in-possession loan and auction plans would hamper their ability to pursue wrongful death and personal injury litigation.
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August 07, 2025
Eventide Creditors Seek Trustee To Take Over Ch. 11 Case
The official committee of unsecured creditors in the Chapter 11 case of consumer lending company Eventide Credit Acquisitions has asked a Texas judge for the appointment of a trustee to oversee the proceedings, saying the debtor and its principal have flouted the rules of bankruptcy since the case began in 2023.
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August 07, 2025
Ex-Parler Owner Confirms Ch. 11 Liquidation Plan
A Delaware bankruptcy judge Thursday confirmed the Chapter 11 liquidation plan from the company that once owned conservative social media platform Parler after the debtor resolved an objection from its ousted CEO.
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August 07, 2025
Ex-Kasowitz Trial Attorney Joins Perry Law
Two-year-old boutique Perry Law is continuing its hiring spree with the addition of a commercial litigation partner from Kasowitz LLP, the firm told Law360 Pulse on Thursday.
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August 07, 2025
Ex-Data Co. Execs Charged With $25M 'Round Tripping' Scam
Two executives from bankrupt California data company Near Intelligence Inc. fraudulently inflated the company's revenues by $25 million in a conspiracy that involved a third executive from advertising company MobileFuse LLC, according to a Manhattan federal court indictment unsealed Thursday.
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August 07, 2025
Reality TV Persona's NYC Plastic Surgery Practice Files Ch. 11
The practice of celebrity plastic surgeon Michael E. Jones filed Thursday for Chapter 11 bankruptcy relief in New York, listing less than $50,000 in assets and between $1 million and $10 million in liabilities.
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August 07, 2025
Judge Extends Freeze On Assets Of Former EY Exec's Wife
A freezing order against the assets of the wife of EY's former head of tax was maintained on Thursday by a court, following a finding that his transfer of his assets to her was a sham designed to hide them from his creditors.
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August 06, 2025
Ch. 15 Decision Shows Low Bar For US Recognition
A recent decision by a New York bankruptcy judge that an overseas debtor needs, at best, minimal assets in the United States to gain Chapter 15 recognition illustrates how easy it is to win such relief and why that benefits the bankruptcy system more broadly, experts told Law360.
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August 06, 2025
Battery Maker Powin Gets OK For $54M In Asset Sales
A New Jersey bankruptcy judge Wednesday approved the $54 million sale of Powin LLC's assets after the green energy storage battery maker spent most of the day negotiating objections raised by its customers.
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August 06, 2025
AmeriFirst Financial Floats Global Deal In Ch. 11 Case
Bankrupt mortgage service provider AmeriFirst Financial Inc. proposed a global settlement of disputes in its Chapter 11 case that will break a months-long roadblock to resolution of its bankruptcy proceedings.
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August 06, 2025
Louisiana Doctor's Suit Against Porzio Bromberg Sent To NJ
A New Orleans federal judge approved a joint motion to transfer a legal malpractice case involving a Louisiana-based doctor and Porzio Bromberg & Newman PC to New Jersey federal court.
Expert Analysis
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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.
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Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.