Mid Cap

  • July 23, 2026

    TGI Fridays Wins Confirmation Of Liquidating Ch. 11 Plan

    The casual dining chain TGI Friday's Inc. on Thursday won approval of its Chapter 11 liquidation plan to offload its remaining assets and eventually distribute them through a trust, after creditors voted overwhelmingly in favor of the plan.

  • July 23, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    A New York judge told two law firms to hand privilege logs to Levona Holdings in a sanctions fight, Terraform's plan administrator asked a Delaware judge to toss an adversary suit, and a company deeply intertwined with a New Jersey real estate developer's Chapter 11 argued the case should be dismissed.

  • July 23, 2026

    Team Systems Execs Seek Recusal In Ch. 7 Clawback Suit

    Former executives of bankrupt government contractor Team Systems International asked a Delaware bankruptcy judge to recuse himself from the contractor's Chapter 7 case and a $14 million clawback case against the executives by the Chapter 7 trustee.

  • July 23, 2026

    Iowa Pharmacy Operator Files Ch. 7 Following $22M State Suit

    Months after the state of Iowa sued NuDak Ventures LLC, alleging the pharmacy chain failed to remit more than $22 million tied to an HIV treatment program, the company and seven affiliates filed for Chapter 7 liquidation.

  • July 23, 2026

    Summer Camp Ch. 11's Real Estate Arm Can Use Lender Cash

    Real estate company DAMIS Holdings, sister company to bankrupt summer camp operator SIMAD Holdings, on Thursday told a New Jersey bankruptcy judge it had secured an agreement from nearly all of its lenders on the use of their cash collateral in the combined Chapter 11 case, while looking to hammer out a shared services budget for its 50 properties next month.

  • July 23, 2026

    Simpson Thacher Warned Co. About Deal Terms, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

  • July 23, 2026

    Sangamo Wins OK For Cheaper $35M Ch. 11 Loan

    Biotechnology company Sangamo Therapeutics received interim approval Thursday to tap into a new, $35 million Chapter 11 financing package with a lower interest rate.

  • July 23, 2026

    Crypto Miner Poolin Hits Ch. 11 After China Ban, Market Slump

    Bitcoin miner Poolin Technology filed for Chapter 11 protection in New Jersey bankruptcy court with more than $173 million in liabilities and plans for an asset sale, pointing to price volatility and a Chinese ban on cryptocurrency mining.

  • July 23, 2026

    RBS Hit With £73M Claim Over Rockfire Solar Bond Transfers

    A collapsed investment company has sued the Royal Bank of Scotland for more than £73 million ($97 million), accusing the lender of allowing cash earmarked for solar farms to be siphoned off by the company's director.

  • July 22, 2026

    Parents Lament Bidder In Summer Camp Bankruptcy Sale

    As bankrupt SIMAD Holdings pushes forward with quick sales of the summer camps it owns, distraught parents whose children attend one camp in New York have expressed deep concerns about the process and the outside organization that has made a stalking horse bid.

  • July 22, 2026

    NY Castle Owner Says Sale Efforts Justify Ch. 11

    The entity behind a century-old castle on the Gold Coast of New York's Long Island has defended its Chapter 11 case against a dismissal motion from the U.S. Trustee's Office, arguing the estate was not losing value and that it was making progress toward a sale.

  • July 22, 2026

    Restaurant Expansion Hastened NJ's Exit Zero Into Ch. 11

    Mounting debt incurred from a small New Jersey publisher's expansion into a restaurant operation that was adversely affected by the COVID-19 pandemic, subsequent inflation, and rising operating costs led Exit Zero Publishing to file for Chapter 11 Subchapter V protection with approximately $1.8 million in liabilities.

  • July 22, 2026

    Co. Turned Away Simpson Thacher's Deal Meeting, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance services company waved off his attempt to present details to the board.

  • July 22, 2026

    Gene Therapy Co. Inks Better Ch. 11 Financing Deal

    Sangamo Therapeutics on Wednesday told a Delaware bankruptcy judge it has negotiated new Chapter 11 financing that will provide the biotechnology company with more money at a lower interest rate and asked permission to take out the new loan.

  • July 22, 2026

    Joonko Shareholders To Access Unsealed Fraud Report

    A Delaware bankruptcy judge has allowed some shareholders of bankrupt AI staffing firm Joonko Diversity Inc. to subpoena the insolvency plan administrator for access to the unsealed version of a report investigating potential claims against the firm's board of directors.

  • July 21, 2026

    Hudson Hotel Co. Wants Another Plan Deadline Extension

    A company connected to the former Hudson Hotel in downtown Manhattan has asked the Delaware bankruptcy court to again extend the period in which only it can file a Chapter 11 reorganization plan, this time for another 70 days.

  • July 21, 2026

    Heritage Coal Trustee Says Ex-Owners Hid Fraud

    The liquidating trustee for Heritage Coal and the company that acquired it has sued the mining firm's former owner in Delaware bankruptcy court, accusing them of costing the new owner millions of dollars by concealing that they had been secretly shipping low-grade coal to Heritage's largest customers for years.

  • July 21, 2026

    Subprime Lender CashCall Hits Ch. 11 With Over $400M In Debt

    CashCall Inc., a subprime lender that once made loans with interest rates exceeding 130%, has filed for Chapter 11 protection in a California bankruptcy court facing legal judgments that total more than $400 million.

  • July 21, 2026

    Bankruptcy Group Pushes Axing Ch. 15's U.S. Property Rule

    A group of bankruptcy experts has proposed removing the U.S. property requirement for foreign debtors seeking recognition of their foreign insolvency proceedings, a requirement the experts said was never intended for Chapter 15 cases.

  • July 21, 2026

    Catching Up With New Bankruptcy Case Action

    A North Carolina energy efficiency aggregator sought bankruptcy protection after it was hit with a more than $1 billion civil penalty, an insurance group filed for Chapter 11 after recent litigation disrupted its business, and a Malibu mansion development filed for bankruptcy protection. Here are some of the latest insolvency filings from across the country.

  • July 21, 2026

    Simpson Thacher Caused 'Chaos' With Deal, Jury Hears

    The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit public markets and executives found out that its terms differed from their understanding of them.

  • July 21, 2026

    Alachua's Ch. 11 Liquidation Approved With DOD Claim Deal

    Biotechnology group Alachua Government Services received confirmation Tuesday of its Chapter 11 plan from a Delaware bankruptcy judge after reaching an agreement to resolve a dispute over a $147 million claim from the U.S. Department of Defense.

  • July 21, 2026

    A&O Shearman Hires Davis Polk Restructuring Pro In NY

    Allen Overy Shearman Sterling has hired a former Davis Polk & Wardwell LLP counsel as a restructuring partner in New York.

  • July 21, 2026

    Med Spa Owner GVO Gets OK To Shift To Ch. 7 Liquidation

    A Delaware bankruptcy judge on Tuesday greenlighted GVO Partners' request to convert its Chapter 11 case to a Chapter 7 liquidation after counsel for the medical spa firm reported that the debtor had run out of cash.

  • July 20, 2026

    Vending Co. Boss Accused Of $200M Scam Faces 2027 Trial

    A New York federal judge Monday set a 2027 trial date for the former owner of a now-bankrupt water vending company accused of a $200 million Ponzi scheme backed in part by a large-scale bond fraud that bilked institutional investors in a Jefferies-controlled hedge fund.

Expert Analysis

  • The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Drafting For Distress: D&O Policy Tips Ahead Of Ch. 11 Filings

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    Considering recent bankruptcy statistics and the economic climate, now is a good time for companies to revisit their directors and officers liability insurance coverage, as understanding how these programs are structured and which terms matter at placement or renewal can materially improve protection for leaders of a distressed company, say attorneys at Reed Smith.

  • Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits

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    The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.

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