Mid Cap

  • September 17, 2026

    House Passes Bankruptcy Bill Restoring Higher Debt Limits

    The U.S. House of Representatives approved the Bankruptcy Threshold Adjustment Act of 2026 late Wednesday by a voice vote, advancing legislation that would bring back and make permanent higher debt limits for certain small businesses and individuals accessing streamlined restructuring processes.

  • September 17, 2026

    WMG Administrator Denied Liquidator Role After Errors

    A Federal Court justice has ordered the winding up of a company linked to former A-League club Western United, appointing a liquidator nominated by a creditor and the family company of its director of football Steve Horvat rather than the voluntary administrator.

  • September 16, 2026

    Oakland Diocese Trades Last Blows Over Ch. 11 Plan Bid

    The Roman Catholic Diocese of Oakland, its unsecured creditors committee and insurers made their final arguments to a California bankruptcy judge Wednesday, the debtor vying to cinch its proposed Chapter 11 plan as the others balked at it.

  • September 16, 2026

    Texas Supreme Court Weighs Bankruptcy Exemption For LLC

    Texas Supreme Court justices pushed a man who declared bankruptcy to spell out why his share in a limited liability company should get exempt status, asking Wednesday if any states have ruled that interest in an LLC is exempt property during bankruptcy.

  • September 16, 2026

    How Pa. Nursing Home Operator Spiraled Into Ch. 11

    Rochester Manor, the operator of three nursing homes across western Pennsylvania, struggled for years to pay its employees, fill all available beds and provide care that met Medicaid standards, with cash-flow issues and unpaid taxes and rent driving it into Chapter 11 protection earlier this month.

  • September 16, 2026

    Lurin Entity Wins Plan OK After $41M Credit Bid For Fla. Site

    A Texas bankruptcy judge Wednesday confirmed the Chapter 11 liquidation plan of one of the debtors in the bankruptcy of real estate company Lurin LLC after it completed a sale, and conditionally approved the disclosure statement of another Lurin debtor.

  • September 16, 2026

    Experts Revive Ch. 16 Proposal To Curb 'Bankruptcy Tourism'

    A group of experts that advises Congress on bankruptcy matters is making a renewed push for a new chapter of the Bankruptcy Code to combat an increase in what one judge has called "bankruptcy tourism," as debtors are increasingly looking abroad to avoid costly Chapter 11 filings.

  • September 16, 2026

    Tax Court Validates $4M Tax Shelter Penalty Against Ill. Man

    The IRS appropriately assessed a penalty of almost $4.4 million against an Illinois man the agency said was a tax shelter organizer, the U.S. Tax Court ruled Wednesday, rejecting his claim that the assessment wasn't valid because the agency failed to include a computation with the penalty notice.

  • September 16, 2026

    Insurers, Retailers Object To Vi-Jon Ch. 11 Plan

    Several insurers and major retailers objected to the Chapter 11 plan proposed by private-label dry bath products maker Vi-Jon, arguing that it would impermissibly assign away insurance rights and leaves retailers exposed to talc-related litigation.

  • September 16, 2026

    NY Castle Owner Gets OK For Ch. 11 Auction

    A New York bankruptcy judge has granted permission to the owner of a century-old mansion that operates as a hotel and event venue on Long Island to hold an auction for the property in late October and seek the court's approval for a buyer before Halloween.

  • September 15, 2026

    Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

    Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs claimed in a Washington state lawsuit accusing the firm of aiding and abetting fraud.

  • September 15, 2026

    Soda Ash Miner's Ch. 11 Asset Sale Approved In Del.

    Soda ash mining business Searles Valley Minerals received court approval Tuesday for a going-concern sale of its assets in Delaware bankruptcy court, following more than a week of negotiations with stakeholders.

  • September 15, 2026

    DC Judge Blocks 2nd Trump Naming Effort At Kennedy Center

    A D.C. federal judge rejected the Kennedy Center's latest effort to put President Donald Trump's name on the building's facade Tuesday, saying yet again that the performing arts center's board can't memorialize anyone but John F. Kennedy at the facility without Congress' say-so.

  • September 15, 2026

    IRS Snubs NY&Co. Bid For COVID Tax Credits In Ch. 11

    Before it can make final distributions to unsecured creditors and close up shop, the trustee liquidating the bankruptcy estate of New York & Co.'s former corporate parent has to collect more than $5 million of COVID-19 era tax credits from the Internal Revenue Service that had been mailed to the wrong address. But the agency says it cannot be forced to turn over the funds.

  • September 15, 2026

    Catching Up With New Bankruptcy Case Action

    Latvian carrier airBaltic filed for Chapter 11 protection with more than $1 billion in liabilities, following a sharp rise in jet fuel prices amid the Iran-U.S. conflict. Solar farm operator PGR Lessee I filed for bankruptcy protection, while telecom infrastructure developer Full Circle Fiber filed for Chapter 7, each reporting more than $100 million in debts. 

  • September 15, 2026

    Canadian Lumber Co. Seeks US OK For $4.75M Sale In Ch. 15

    The foreign representative for lumber and forestry products producer Teal Jones Holdings Ltd. asked the Delaware bankruptcy judge in its Chapter 15 case to sign off on an order and $4.75 million sale the representative anticipates will soon be approved in the debtors' Canadian insolvency.

  • September 15, 2026

    Insurance Holding Co. Seeks Ch. 15 For Cayman Liquidation

    An intermediate insurance holding company based in the Cayman Islands filed for Chapter 15 protection in New York late Monday to preserve its American assets for the benefit of its creditors.

  • September 15, 2026

    Qui Tam Suit Shadow Slows ProPhase Unit's Ch. 11 Timeline

    A New Jersey bankruptcy judge appeared skeptical Tuesday that the bankrupt COVID-19 testing arm of ProPhase Labs could move forward with its current Chapter 11 plan, delaying a disclosure statement hearing by two weeks so it can account for pending whistleblower litigation.

  • September 15, 2026

    Ex-Practical Law Content Lead Joins Brithem As Partner

    Brithem LLP has announced the hiring of Jordanna Nadritch, who previously worked at Thomson Reuters' Practical Law, as a partner charged with leading its artificial intelligence initiatives.

  • September 14, 2026

    Kennedy Center Says Only Trump Name Can Avert Bankruptcy

    The board of trustees of The John F. Kennedy Center for the Performing Arts intends to vote Tuesday on a pair of resolutions that say the facility is facing bankruptcy "within weeks" without fundraising efforts from President Donald J. Trump, which the documents say would probably only come if the center reapplies his name to the building.

  • September 14, 2026

    Vanderbilt Minerals Defends Ch. 11 Schedule Amid Trust Row

    Former talc miner Vanderbilt Minerals told a New York bankruptcy judge on Monday that it intends to file an amended Chapter 11 plan this week and to seek approval to solicit votes from creditors at a hearing in late September.

  • September 14, 2026

    LIV Golf Lands In Ch. 11, Hughes Satellite Creditors Float Plan

    LIV Golf arrived in bankruptcy court after Saudi Arabia's Public Investment Fund pulled its backing, a group of noteholders of telecommunications company Hughes Satellite has sought to file its own restructuring plan, and a Delaware bankruptcy judge sustained objections to the retention of Herbert Smith Freehills Kramer LLP as the counsel of West Virginia coal plant operator Omnis Pleasants. 

  • September 14, 2026

    NOLA Archdiocese Can't Keep Board Secret, Trustee Says

    The trustee for the abuse claims settlement trust of the Archdiocese of New Orleans wants to compel the church to disclose the names of the members of the internal review board advising it on matters of sexual abuse, saying transparency about who is on the board is essential to ensuring accountability.

  • September 14, 2026

    Detroit, Firefighters Union Win Seniority Appeal

    The city of Detroit and its firefighters union have defeated the remaining claims of two firefighters who challenged their treatment after returning from disability retirement, with a Michigan state appeals court finding their claims either conflicted with seniority rules adopted during the city's bankruptcy or lacked sufficient support.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

Expert Analysis

  • Ch. 7 Ruling Is Warning For Merchant Cash Advance Providers

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    A New York bankruptcy court’s recent ruling in favor of a Chapter 7 trustee for the bankruptcy estate of JPR Mechanical shows merchant cash advance providers why superficial agreement labels will not shield against preference liability, and serves as a guidepost for future contract drafting, say attorneys at Eversheds Sutherland.

  • Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • 4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • GENIUS Act Could Muck Up Insolvency Proceedings

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    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.

  • Playing The Violin Makes Me A Better Lawyer

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    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.

  • Law School's Missed Lessons: Practicing Self-Care

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    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.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    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.

  • My Opera And Baseball Careers Make Me A Better Lawyer

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    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.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    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.

  • Despite Dark Clouds, Outlook For US Solar Has Bright Spots

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    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.

  • Law School's Missed Lessons: Communicating With Clients

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    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.

  • Adapting To Private Practice: From US Rep. To Boutique Firm

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    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.

  • Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    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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