Mid Cap

  • June 18, 2026

    Asbestos Spinoff Battles Bid For Trustee Takeover In Ch. 11

    The chief legal officer of Georgia-Pacific spinoff Bestwall admitted Thursday that the company is exploring more bankruptcy filings, but denied the contention by asbestos claimants waiting on settlements that it's going to abandon the nearly 9-year-old Chapter 11 case.

  • June 18, 2026

    Cash Advances Helped Sink Summer Camp Operator

    Of the many mysteries still surrounding the tangled case of bankrupt summer camp operator SIMAD Holdings Ltd., one of the biggest, at least to those interested in business financing, is why such a large company would turn so sharply toward merchant cash advances — a method of last-ditch funding normally used by desperate small businesses.

  • June 18, 2026

    Ex-CEO Cites Mexico Ruling For Ch. 11 Dismissal In Delaware

    The former CEO of marine park company Dolphin Co. has asked the Delaware Bankruptcy Court to either dismiss the Chapter 11 case of Leisure Investments Holdings LLC or halt parts of the proceedings, arguing that a Mexican appellate court has reinstated an earlier insolvency case and restored his authority over the company's parent entity.

  • June 18, 2026

    What's Happening In Bankruptcy Court This Coming Week

    Prospect Medical Holdings hopes to win approval of a $26 million insurance settlement, a trial is scheduled in the involuntary Chapter 11 case of Chinese developer Xinyuan Real Estate, New Fortress Energy affiliates are seeking Chapter 15 recognition of their U.K. restructuring, and natural gas compressor company Axip Energy Services LP is seeking confirmation of its Chapter 11 plan.

  • June 18, 2026

    Texas Insurer Aims For August Hearing For Prepack Ch. 11

    Insurance underwriter Hallmark Financial Services told a Texas bankruptcy judge Thursday it plans to secure confirmation of its prepackaged Chapter 11 plan by the end of August, and that the ball was already rolling on the permissions needed to switch to new ownership.

  • June 17, 2026

    Dean Guitar Maker Says Family Fraud Sunk It Into Ch. 11

    Caught in a family dispute after the company's founder died, Tampa, Florida-based guitar and drum maker Armadillo Enterprises Inc. filed for Chapter 11 to resolve pending litigation and stabilize the business after alleged massive fraud by the founder's son, according to court documents.

  • June 17, 2026

    SIMAD Can Tap Cash To Open Summer Camps In Ch. 11

    SIMAD Holdings Ltd. won court permission on Wednesday to use some of its available $15.6 million of cash on hand as it races to open the 30 children's summer camps it owns for the season, after a freefall bankruptcy filing earlier this month left in doubt the fate of more than 20,000 campers.

  • June 17, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A Delaware bankruptcy judge approved a whiskey distillery's amended liquidation plan. Creditors for boating retailer West Marine asked another Delaware judge to reject the company's plan disclosure. A the U.S. Trustee's Office balked at SiFi Networks America's proposed bid sweetener.

  • June 17, 2026

    Harvest Sherwood Gets OK On $150M Replacement DIP

    Defunct food distributor Harvest Sherwood secured a Texas bankruptcy judge's approval on Wednesday to take on $150 million in new Chapter 11 financing and set up bidding procedures for its exit funding, defeating an objection from a litigation finance firm.

  • June 17, 2026

    Venezuela Wins Bid To Delay Hearing In Citgo Sale Case

    The Third Circuit has agreed to a two-month postponement of oral arguments in Venezuela's challenge of a Delaware judge's order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, days after Caracas announced that it was switching counsel.

  • June 17, 2026

    SoHo Building Owner In NYC Eyes August Ch. 11 Confirmation

    The owner of a mixed-use building in Manhattan's SoHo neighborhood hopes to soon be able to seek votes on its Chapter 11 restructuring plan, which will transfer title of the property to the debtor's senior lender.

  • June 17, 2026

    Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

    An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

  • June 16, 2026

    US Magnesium Creditors Get OK On Ch. 11 Liquidation Plan

    A Delaware bankruptcy judge Tuesday signed off on a Chapter 11 liquidation plan proposed by US Magnesium's unsecured creditors, overruling objections to the deal by the debtor's owner and Wells Fargo.

  • June 16, 2026

    Highpower Investor Seeks Receiver For Dissolved Battery Co.

    A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped itself of valuable assets while an appraisal case was pending and may no longer be capable of addressing outstanding claims.

  • June 16, 2026

    Catching Up With New Bankruptcy Case Action

    The maker of Sleep Number mattresses sought Chapter 11 protection in New York. A real estate company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan also launched a bankrupt proceeding. And a California soda ash and borate mining operation filed Chapter 11 papers in Delaware.

  • June 16, 2026

    Dutch First Brands Unit Ultinon Can Seek Ch. 11 Plan Votes

    Ultinon Motion Holding BV, a Netherlands-based affiliate of embattled auto parts manufacturer First Brands received permission Tuesday to seek votes on a Chapter 11 liquidation plan after the debtor switched from an opt-out to an opt-in mechanism for obtaining creditor approval of third-party releases.

  • June 16, 2026

    Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

    A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

  • June 16, 2026

    Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

    Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.

  • June 15, 2026

    Oakland Diocese Seeks OK For $180M Abuse Fund Ch. 11 Plan

    The Roman Catholic Diocese of Oakland on Monday asked a California bankruptcy judge to approve its $180 million Chapter 11 plan over the objections of sexual abuse claimants who argue the diocese can afford to give them a larger settlement.

  • June 15, 2026

    Judge Urges Targeted Mediation In Baltimore Diocese Ch. 11

    A Maryland bankruptcy judge Monday encouraged the Archdiocese of Baltimore and a group of child sexual abuse claimants to seek mediation of a lingering issue as they continue to negotiate over a Chapter 11 plan and disclosure statement.

  • June 15, 2026

    J&J Wants Talc MDL Tossed After Plaintiffs Withdraw Experts

    Johnson & Johnson urged a New Jersey federal court to toss all the pending cases in the sprawling multidistrict litigation alleging that its talc products caused ovarian cancer after the plaintiffs withdrew their two "marquee" experts on the link between the disease and talc use.

  • June 15, 2026

    High Court On Ch. 13 Estoppel, Prince Group Wins Ch. 15 Nod

    First Brands was cleared to send its Chapter 11 plan to a creditor vote, defeating calls to convert the case to a Chapter 7 liquidation. The Supreme Court reversed a Fifth Circuit decision that barred a man from bringing a personal injury lawsuit he failed to disclose in bankruptcy. And a company linked to an alleged trafficking ring won Chapter 15 recognition.

  • June 15, 2026

    Sand Miners Can Pursue 2-Track Sale, Judge Says

    A Texas bankruptcy judge told a pair of fracking and sand mining firms Monday she will greenlight the "two-tracked" sale procedures they have submitted, whereby a stalking horse bidder will create a company to obtain the businesses while the debtors' insiders get a chance to buy controlling equity.

  • June 15, 2026

    Carlton Fields Pushes To Be Involved In Miss America Hearing

    Carlton Fields pushed back Monday on a request from the CEO of Miss America and companies linked to the pageant to bar a firm attorney from a status conference in their litigation over Miss America's bankruptcy and filed a motion to intervene in the case.

  • June 15, 2026

    NYC's Simry Realty Hits Ch. 11 In Midst Of Family Feud

    Simry Realty Corp., a company controlled by the Haruvi family that co-owns several apartment buildings in Manhattan, has filed for Chapter 11 protection in New York with up to $100 million in debt, saying a dispute with the daughter of developer Arthur Haruvi has blocked its reorganization and threatened its properties.

Expert Analysis

  • Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Ch. 11 Ruling Raises Bar For Avoiding Default Interest

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    Following a New York bankruptcy court's recent decision in 33 Mako, solvent debtors may find it significantly harder to avoid paying contractual default interest to oversecured lenders under Section 506(b) of the Bankruptcy Code, say attorneys at Benesch.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • GCs Can Read Debt Cycles To Spot Risk, Opportunity

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    With the conflict in Iran among many other factors that are further unsettling the geopolitical and economic environment, general counsel who understand credit risk and the debt cycle can offer a significant competitive advantage to help companies mitigate enterprise risk, says Samuel Keltner at Akin.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Judge-Led Bankruptcy Mediation Can Be The Best Option

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    Despite industry scrutiny of U.S. Bankruptcy Judge Michael Kaplan's recent decision to mediate the Multi-Color Chapter 11 case over which he was presiding, there is no single federal decision holding flatly against this, and, in the right circumstances, it may even be the best option, says Kenneth Rosen at Ken Rosen Advisors.

  • Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Getting The Most Out Of Learning And Development Programs

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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

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