Mid Cap
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December 10, 2025
4th Circ. Hints $166M Fight Could Create Circuit Split
In questioning counsel for an insolvent Dutch insurance company trying to confirm a $166 million arbitral award against convicted insurance mogul Greg Lindberg, two Fourth Circuit judges quipped the insurer likely wants to avoid a circuit split over interpreting the Federal Arbitration Act and keep the case out of the U.S. Supreme Court.
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December 10, 2025
Wells Fargo Says It Didn't Know Ex-Atty Stole From Clients
Wells Fargo is seeking to shed claims in Texas federal court alleging it turned a blind eye to a convicted former attorney's misuse of client funds held in accounts at the bank, arguing that the victims of the lawyer's fraud failed to show it knew of the misconduct.
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December 10, 2025
Ex-Nikola CEO Asks To Cancel Asset Sale, Submit Higher Bid
An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now willing to offer more than twice the sale price.
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December 10, 2025
VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.
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December 09, 2025
Texas Judge Mulls Call To Toss Aviation Biz GAI's Ch. 11
A Texas bankruptcy judge on Tuesday said he needs to take a week to consider how to handle the Chapter 11 of a Texas aviation company after the winner of a contract dispute with the debtor said its filing is an attempt to dodge a $3.4 million judgment.
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December 09, 2025
Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abuse claims as its archdiocese tries to hash out a larger resolution.
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December 09, 2025
PosiGen Is Using Stolen Cash To Fund Ch. 11, Solar Co. Says
A solar project financing company alleged that bankrupt solar panel leasing firm PosiGen failed to pass along $10.5 million in project revenue, asking a Texas bankruptcy judge to intervene.
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December 09, 2025
US, UK Duo Named Cadwalader Restructuring Chairs
Cadwalader Wickersham & Taft LLP announced Tuesday that it has named a pair of experienced partners based in London and in New York and Washington, D.C., to lead the firm's financial restructuring practice.
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December 09, 2025
Trustee Says Winston & Strawn Is Liable For $1.7B Fintech Bust
The trustee of the bankrupt self-styled "anti-woke" financial technology startup GloriFi said Winston & Strawn LLP shouldn't be allowed to escape a malpractice lawsuit over the company's $1.7 billion failure, saying the firm was a knowing participant in the allegedly unlawful activities of its then-CEO.
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December 09, 2025
Catching Up With New Bankruptcy Case Action
A major Buddy's Home Furnishings franchisee entered Chapter 11 in Texas. The parent company of a Chapter 15 debtor began its own bid for U.S. insolvency recognition. And a New York law firm is seeking Chapter 11 protection after creditors filed involuntary Chapter 7 petitions.
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December 09, 2025
23andMe Research Biz Hires Pfizer Atty As GC
Nonprofit medical research organization 23andMe Research Institute announced Tuesday that it has hired a longtime Pfizer attorney as its general counsel and chief risk officer.
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December 09, 2025
Ex-Bankruptcy Judges Urge High Court To End Estoppel Rule
Five retired bankruptcy judges are asking the U.S. Supreme Court to overturn a Fifth Circuit ruling blocking a debtor from pursuing litigation he failed to disclose in his bankruptcy case, saying the panel applied stricter standards than most circuits and the high court itself.
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December 09, 2025
Calif. Nonprofit Hospital Hits Ch. 11 Looking To Sell
California's Oroville Hospital and its parent company filed for bankruptcy Monday, listing more than $100 million of debt and saying it needs the protections of Chapter 11 to complete a value-maximizing sale of its facilities.
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December 08, 2025
Tax Court Rejects Telecom Co.'s $3M Bankruptcy Deductions
A telecommunications company cannot deduct over $3 million as a loss tied to a subsidiary's bankruptcy proceedings, the U.S. Tax Court ruled Monday, holding that the amount must be reported as capitalized expenditures because both businesses share the same owners.
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December 08, 2025
No Deal Yet As US Magnesium Faces Ch. 7 Conversion Motion
Counsel for US Magnesium told a Delaware bankruptcy judge Monday that the debtor has met with several regulatory agencies ahead of a hearing next week to convert the case to a Chapter 7 liquidation, but that the former magnesium producer has yet to reach a resolution with them.
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December 08, 2025
Meet Furniture Rental Biz Buddy Mac's Ch. 11 Attorneys
Rent-to-own furniture and appliance retailer Buddy Mac has hired attorneys from Kane Russell Coleman Logan PC to guide it through a Chapter 11 the company recently launched in hopes of reorganizing or selling the business as a going concern to address up to $50 million in debt.
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December 08, 2025
Carlton Fields Steps Aside In 'Irreconcilable' Miss America Case
A Florida federal judge allowed Carlton Fields and its attorneys on Monday to withdraw from representing the plaintiffs in a dispute over the ownership of the Miss America pageant, after the firm said "irreconcilable differences" drew it to ask to step down.
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December 08, 2025
Gol Linhas Plan Overturned, Linqto Cleared To Solicit Votes
A New York federal judge overturned Gol Linhas' Chapter 11 plan over third-party releases. Linqto was cleared to solicit creditor votes on its Chapter 11 plan; AmeriFirst received conditional approval for its disclosure statement despite the Office of the U.S. Trustee's objection. A Missouri judge approved 23andMe's $16.5 million cyber insurance buyback settlement.
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December 08, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and gas investments to healthcare acquisitions.
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December 08, 2025
New Orleans Archdiocese Gets OK For $230M Ch. 11 Plan
A Louisiana bankruptcy judge on Monday approved the Roman Catholic Archdiocese of New Orleans' Chapter 11 plan, allowing it to go forward with a $230 million settlement with sexual abuse claimants.
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December 08, 2025
Justices Won't Review Bankruptcy Court's Scope In Tax Case
The U.S. Supreme Court announced Monday that it will not take up an Indiana couple's bid for a bankruptcy court to review the legality of a tax debt, maintaining an appellate split on the power of bankruptcy courts to address tax claims.
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December 05, 2025
Real Estate Recap: Energy-Dependent Deals
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how energy scarcity is affecting data center deals.
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December 05, 2025
What's Happening In Bankruptcy Court This Coming Week
First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
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December 05, 2025
US Magnesium Creditors Again Ask Judge To Nix Ch. 11 Loan
US Magnesium's unsecured creditors committee has once again urged a Delaware bankruptcy judge not to give final approval to the former magnesium producer's $10 million Chapter 11 loan, saying it only benefits US Magnesium's secured lenders and parent company.
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December 05, 2025
Rent-To-Own Retailer Buddy Mac Hits Ch. 11 In Texas
Rent-to-own furniture and appliance retailer Buddy Mac Holdings and several affiliates have filed for Chapter 11 protection in Texas bankruptcy court with up to $50 million in debt.
Expert Analysis
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Adapting To Private Practice: From US Rep. To Boutique Firm
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.
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Senate's 41% Litigation Finance Tax Would Hurt Legal System
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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Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.