Mid Cap

  • May 05, 2026

    Canadian Office Furniture Maker Seeks Ch. 15 Recognition

    Quebec office furniture maker Bestar and its U.S. affiliates Monday asked a Delaware bankruptcy judge for Chapter 15 recognition of its Canadian wind-down proceedings.

  • May 05, 2026

    Catching Up With New Bankruptcy Case Action

    Saint Augustine's University entered Chapter 11 with more than $50 million in debt, the exclusive meal supplier for Blue Apron started a bankruptcy in New Jersey, and a supplier of cosmetics ingredients filed Chapter 11 papers with a prepackaged Chapter 11 plan aimed at putting to rest asbestos-related litigation.

  • May 04, 2026

    Texas A&M Data Center Seeks New Buyer For Ch. 11 Sale

    A data and research center affiliated with Texas A&M University has asked a Texas bankruptcy court for leave to hire an investment banker to find alternatives to a long-planned sale that has yet to close.

  • May 04, 2026

    Purdue Settlement Approved, Saks Gets Plan Disclosure OK

    Purdue Pharma received the green light for a settlement on its road out of Chapter 11, a Texas bankruptcy judge gave the all-clear to Saks Global's plan disclosure, and Spirit Airlines said it would undergo a shutdown instead of a government-backed rescue.

  • May 04, 2026

    Cannabist's Ch. 15 Would Aid Illegal Pot Sales, Lender Says

    A secured creditor of The Cannabist Co. Holdings Inc. has objected to the debtor's bid for Chapter 15 recognition of its Canadian insolvency proceeding, arguing that doing so would be contrary to U.S. public policy since it would allow the debtor to monetize cannabis-related assets.

  • May 04, 2026

    US Trustee Wants Texas Trucking Co.'s Ch. 11 Case Dismissed

    The U.S. Trustee's Office has urged a Texas bankruptcy judge to dismiss or convert the Chapter 11 case of trucking company Balkan Express, saying the debtor has failed to file operating reports and pay required fees.

  • May 04, 2026

    SEC Seals $26M Judgment Against Investment Adviser

    The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been satisfied by his restitution and forfeiture in his criminal case.

  • May 01, 2026

    Sand Miners Get $2.5M DIP Boost To Keep Plants Running

    A Texas bankruptcy judge said Friday she would approve $2.5 million in additional Chapter 11 financing for two debtors that mine and process sand for fracking from an entity that is also pursuing a $21 million stalking horse bid for the companies.

  • May 01, 2026

    US Trustee Says Texas Hospital Ch. 11 Can't Linger On

    The U.S. trustee is pushing for the nearly three-year-long Chapter 11 case of a 207-bed Texas hospital to be converted to a Chapter 7 liquidation, saying the case has dragged on without a resolution in sight while the estate continues to incur administrative expenses.

  • May 01, 2026

    Meal Kit Co. Proposes Ch. 11 Asset Sale Timeline

    Food kit and meal service provider FreshRealm filed proposed bidding and sale procedures late Thursday in New Jersey bankruptcy court seeking to get approval for an asset sale transaction by mid-June.

  • May 01, 2026

    Phelps Dunbar Adds 5 Attys In Dallas Boutique Tie-Up

    Phelps Dunbar LLP has expanded its presence in Texas with the addition of five attorneys from Johnston Clem Gifford PLLC and an office in Uptown Dallas, the firm announced Friday.

  • May 01, 2026

    What's Happening In Bankruptcy Court This Coming Week

    A New York bankruptcy judge will weigh a German dating service's bid for Chapter 15 recognition, US Magnesium will undergo an omnibus hearing, Lycra will seek plan confirmation, and a judge will oversee Ascend Elements' second-day Chapter 11 hearing.

  • May 01, 2026

    McDermott Adds Restructuring Pros From Ropes & Gray In NY

    McDermott Will & Schulte announced Friday the firm has scaled up its restructuring practice with a new partner based in New York, who has come aboard from Ropes & Gray LLP.

  • April 30, 2026

    NYAG Objects To 'Perpetual' Stay In Nursing Home Ch. 11 Plan

    The New York Attorney General objected to the proposed automatic stay in the Chapter 11 plan of nursing home group Cold Spring Acquisition LLC, saying it improperly purports to extend bankruptcy protections after the bankruptcy case is closed.

  • April 30, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    MMA Law made a bid to protect its sole attorney in state court cases, Everstream sued Dish alleging late compensation, and Weiss Multi-Strategy Advisers brought a lawsuit against Bloomberg Finance LP to recover $135,000.

  • April 30, 2026

    Texas Justices Asked To Revive Infowars Lease To The Onion

    Victims of the Sandy Hook Elementary School massacre have asked the Texas Supreme Court to let a court-appointed receiver lease Alex Jones' website Infowars to a company linked to satire publication The Onion, a move that could hasten the delivery of funds Jones owes the families after massive defamation judgments.

  • April 30, 2026

    ProPhase Testing Units Creditor Says No Real Ch. 11 Progress

    A creditor of three ProPhase Labs entities that provided COVID-19 testing services objected to the debtors' motion to extend the exclusive right to file a Chapter 11 reorganization plan, arguing that the debtors have made no meaningful progress in their bankruptcy cases.

  • April 30, 2026

    Carbon Health Says It Needs Another $11M In DIP Financing

    Carbon Health Technologies said it needs another $11 million in debtor-in-possession financing to bring its loan total to $30.5 million, as it is on the verge of running out of money to continue operating its business in Chapter 11.

  • April 30, 2026

    Kane Russell Adds Six Attys Across Dallas, Houston, Austin

    Lone Star State law firm Kane Russell Coleman Logan PC has bulked up its litigation, labor and employment, bankruptcy and emergency response offerings with new attorney hires across its offices in Austin, Dallas and Houston.

  • April 30, 2026

    Smith Gambrell Adds Archer & Greiner Quartet In NY

    Smith Gambrell & Russell LLP has hired three corporate partners in New York from Archer & Greiner PC who have worked together for more than a decade at their own boutique restructuring firm and in private practice.

  • April 30, 2026

    Nostrum Laboratories' Ch. 11 To Convert To Ch. 7

    A New Jersey bankruptcy judge has ordered the Chapter 11 case of Nostrum Laboratories Inc. to be converted to Chapter 7, after the debtor failed to file operating reports and declared its assets were liquidated.

  • April 29, 2026

    Citgo Bidder Violating Confidentiality Agreement, Court Hears

    Counsel for the oil giant Citgo has accused an affiliate of hedge fund Elliott Investment Management LP of improperly revealing and distorting its confidential information as the parties inch closer toward ending a long-running saga aimed at satisfying billions of dollars' worth of Venezuelan debt.

  • April 29, 2026

    Infowars Parent Says The Onion IP Deal Would Gut Asset Value

    The company behind Alex Jones' conspiracy website Infowars has asked a Texas appeals court to block a receiver from leasing its intellectual property and internet domain for $81,000 a month to a corporation linked to satire website The Onion.

  • April 29, 2026

    Tehum Creditor Trusts Sue Over 'Sham' Texas Two-Step Ch. 11

    Two creditor trusts in prison healthcare company Tehum Care's Chapter 11 case has sued the firm's affiliates and former executives over its "Texas two-step" bankruptcy filing, alleging the maneuver was a "sham" to "perpetrate a fraudulent scheme."

  • April 29, 2026

    Meal Supplier FreshRealm Can Tap $45M In Ch. 11 Financing

    A New Jersey bankruptcy judge agreed Wednesday to give interim approval to food kit and meal service supplier FreshRealm's debtor-in-possession loan, freeing up $10 million in new funds, as the company looks to liquidate under Chapter 11.

Expert Analysis

  • It's Time For The Judiciary To Fix Its Cybersecurity Problem

    Author Photo

    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Recent Trends In Lending To Nonbank Financial Institutions

    Author Photo

    Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.

  • What Insurers Must Know When Insureds File For Bankruptcy

    Author Photo

    With increasing inflation, rising unemployment and growing consumer credit delinquencies, insurers and their intermediaries must be prepared to handle policyholders who are filing for bankruptcy by acquainting themselves with key procedural details of the bankruptcy process, say attorneys at McDermott.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

    Author Photo

    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • Law School's Missed Lessons: Client Service

    Author Photo

    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

  • Junior Attys Must Beware Of 5 Common Legal Brief Mistakes

    Excerpt from Practical Guidance
    Author Photo

    Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.

  • Power To The Paralegals: How And Why Training Must Evolve

    Author Photo

    Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.

  • Law School's Missed Lessons: Mastering Time Management

    Author Photo

    Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.

  • Rare Del. Oversight Ruling Sends Governance Wake-Up Call

    Author Photo

    An unusual ruling from the Delaware Court of Chancery recently allowed Caremark oversight claims to proceed against former executives of a company previously known as Teligent, sending a clear reminder that boards and officers must actively monitor and document oversight efforts when addressing mission-critical risks, say attorneys at WilmerHale.

  • 11th Circ. Equitable Tolling Ruling Deepens Circuit Split

    Author Photo

    The Eleventh Circuit recently held that equitable tolling was unavailable to extend a deadline to object to discharge of debt, becoming the most recent circuit court decision to address this issue, and deepening a split that requires resolution by the U.S. Supreme Court, says Paul Avron at Berger Singerman.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

    Author Photo

    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Law School's Missed Lessons: Adapting To The Age Of AI

    Author Photo

    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

    Author Photo

    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

Can't find the article you're looking for? Click here to search the Bankruptcy Authority Mid Cap archive.