Mid Cap

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • October 17, 2025

    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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • October 16, 2025

    CBRM Lenders Seek To Nix Ch. 11 Case

    The prepetition lenders to bankrupt affiliates of troubled real estate firm CBRM Realty Inc. have asked a New Jersey bankruptcy court to dismiss the Chapter 11, saying that the real goal of the case is to "vault certain stakeholders ahead of prepetition lenders in a misguided sale process," not reorganization.

  • October 16, 2025

    US Magnesium Wins Time To Pursue Sale, EPA Discussions

    A Delaware bankruptcy judge said Thursday he would grant interim approval to about four more weeks of Chapter 11 financing for US Magnesium after pushing back a hearing to convert the case to a Chapter 7 liquidation.

  • October 16, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    The Ninth Circuit supported a man's bid to protect an Arizona property and his RV from his Chapter 7 trustee, a bankrupt vaccine maker struck a deal with the federal government to allow an asset sale hearing so long as government property is not affected, and a New Jersey federal judge stood by his ruling in a copyright suit between an attorney's film company and Netflix. Here are some of the bankruptcy-related stories you might have missed in the last week.

  • October 16, 2025

    Reed Smith Booted From Eletson Ch. 11 Over Clients' Existence

    A New York bankruptcy judge disqualified Reed Smith LLP from continued work in the Chapter 11 case of reorganized oil and gas shipping company Eletson Holdings on Thursday, saying the law firm's clients no longer exist.

  • October 16, 2025

    Insurance Litigation Week In Review

    Illinois' insurance regulator demanded that State Farm turn over data over its homeowners insurance business, the Sixth Circuit affirmed class certification in a dispute over State Farm's payments for totaled vehicles, and the Eleventh Circuit ruled that a policyholder's untimely notice doomed coverage for a gas station's underground fuel tank leak. Here, Law360 takes a look at the past week's top insurance news.

  • October 16, 2025

    Hospital Insurer Seeks Ch. 15 After NY Child Abuse Claims

    Northeast Insurance Co., a captive insurer for several hospitals and a Jewish nonprofit, asked a New York bankruptcy judge for Chapter 15 recognition of its Bermuda liquidation filing, saying it was rendered insolvent by claims stemming from the state's Child Victims Act.

  • October 16, 2025

    Meet The Attys Serving Up Expertise In Razzoo's Ch. 11

    Cajun restaurant chain Razzoo's Inc. has put together a triumvirate of attorneys from Okin Adams Bartlett Curry LLP to assist it in using Chapter 11 to restructure and stage a possible future expansion.

  • October 15, 2025

    $60M Deal Gets Final OK Over Adviser's Role In Ponzi Scheme

    An Illinois state judge on Wednesday gave the final nod to a settlement deal that includes a $60 million judgment, ending investors' negligence claims against their investment adviser, though claims remain ongoing against a movie producer who allegedly misused their investment funds.

  • October 15, 2025

    Kal Freight Trust Accuses Ex-Owners Of Siphoning Funds

    The liquidating trust for Kal Freight Inc.'s estate has sued several companies in Texas bankruptcy court, alleging they were complicit in a scheme orchestrated by its former owners to siphon millions of dollars from the debtor and its affiliates, even while it was in Chapter 11, by making the business overpay for expenses and taking advantage of its fuel reimbursements.

  • October 15, 2025

    Catching Up With New Bankruptcy Case Action

    A string of real estate owners and developers sought Chapter 11 protections. The publisher behind a 1970s science fiction magazine is looking to liquidate in Chapter 7. A Florida physician group said it's hoping to cut down on its debt and restructure through Chapter 11. And a mid-Atlantic construction equipment dealer owned by a Texas private equity group filed for Chapter 11.

  • October 15, 2025

    Bankruptcy Can't End Caterpillar Privacy Suit, Ex-Worker Says

    A former Caterpillar employee urged an Illinois federal judge on Tuesday not to let his bankruptcy spell doom for his lawsuit claiming the machinery manufacturer illegally collects applicants' family medical histories, arguing he properly used a 'wildcard exemption' to shield his assets from creditors.

  • October 15, 2025

    Syracuse Diocese Gets OK For More Insurance Settlements

    A New York bankruptcy judge Wednesday approved nine remaining settlements with insurance companies for the Roman Catholic Diocese of Syracuse as part of its Chapter 11 plan, following her approval of two earlier deals with insurers in August.

  • October 15, 2025

    How Dallas Emerged As Hotspot For Complex Ch. 11 Cases

    When big U.S. companies file for bankruptcy protection, they're increasingly doing so in Dallas, thanks to the depth of experience of its bench, streamlined procedures for complex Chapter 11 cases and a vibrant local economy, experts told Law360.

Expert Analysis

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Ch. 11 Ruling Confirms Insurer Standing Requirements

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    A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

  • Adventure Photography Makes Me A Better Lawyer

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    Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.

  • How Ch. 11 Can Alleviate Merchant Cash Advance Concerns

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    Merchant cash advance funding is one of the biggest challenges for small businesses today because funders are so prevalent, aggressive and expensive, but bankruptcy can provide several tools for dealing with MCA agreements that may allow the debtor business to restructure and survive, says Patricia Fugée at FisherBroyles.

  • 5 Ways To Create Effective Mock Assignments For Associates

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    In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.

  • 8 Lessons Yellow Corp. Layoffs Can Teach Distressed Cos.

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    A Delaware bankruptcy court’s recent decision, examining trucking company Yellow Corp.’s abrupt termination of roughly 25,500 employees, offers financially distressed businesses a road map for navigating layoffs under the Worker Adjustment and Retraining Notification Act, say attorneys at King & Spalding.

  • Mentorship Resolutions For The New Year

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    Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.

  • Coaching Little League Makes Me A Better Lawyer

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    While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.

  • 5 Litigation Funding Trends To Note In 2025

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    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

  • Rethinking Litigation Risk And What It Really Means To Win

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    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

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