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Expert Analysis

SDNY OpenAI Order Clarifies Preservation Standards For AI

The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discover... (more story)

Law School's Missed Lessons: Client Service

Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients ... (more story)

ConvergeOne Ruling May Disrupt Backstop Fee Approach

A Texas federal court's recent ruling in ConvergeOne has the potential to seriously disrupt previously accepted ma... (more story)

Large Cap More

Celsius Founder's Counsel Seeks Exit Over Unpaid Fees

Ruskin Moscou Faltischek PC asked a New York bankruptcy judge to let it withdraw as counsel for Alex Mashinsky, a co-founder of defunct cryptocurrency firm Celsius who recently began a 12-year prison sentence,... (more story)

6th Circ. Backs Lordstown Execs In Failed Foxconn Deal Suit

The Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optim... (more story)

Purdue Fights Baltimore Objection Ahead Of Ch. 11 Plan Trial

Purdue Pharma LP told a New York bankruptcy judge on Wednesday it is concerned a recent objection to its Chapter 11 plan brought by the city of Baltimore could disrupt its case just weeks before the drugmaker ... (more story)

Subprime Auto Lender PrimaLend Hits Ch. 11 Seeking Sale

Subprime auto loan company PrimaLend Capital Partners LP filed for Chapter 11 in Texas bankruptcy court Wednesday, listing more than $100 million in debt and saying that it is pursuing a value-maximizing sale transaction.

Woodbridge Trustee Wins Clawback Claims Against Broker

A Delaware bankruptcy judge has ordered an outside broker to pay almost $60,000 in commissions she earned back to the liquidating trustee for the Woodbridge Group of Cos., finding the transfers were made in fu... (more story)

Omnicare Gets OK To Nix Pharmacy Leases In Ch. 11

Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, received a Texas bankruptcy judge's permission Tuesday to reject leases for pharmacies and its former headqu... (more story)

Purdue Touts Wide Support For Latest Ch. 11 Plan

Pharmaceutical titan Purdue Pharma heralded Tuesday that its newest Chapter 11 plan has almost total support from voting creditors, saying the proposal could pave the way to creditors receiving more than $7 bi... (more story)

Telecom Lender Carriox Units Hit Ch. 11 With $500M+ Debt

Two affiliates of telecommunications financing provider Carriox Capital filed for Chapter 11 protection in a New York bankruptcy court with between $500 million and $1 billion in debt.

Oil Industry Emergency Response Firm Ambipar Hits Ch. 11

Cayman Islands-based Ambipar Emergency Response, which provides crisis management services for oil spills and fires, filed for Chapter 11 protection in Texas, listing more than $1 billion of assets and $328.2 ... (more story)

Sandy Hook Families Oppose Reverting Equity To Alex Jones

Families of Sandy Hook Elementary School shooting victims have pushed back against a bankruptcy trustee's attempt to relinquish equity interests in conspiracy theorist Alex Jones' Free Speech Systems LLC, tell... (more story)

Mid Cap More

Texas Appeals Court Wipes $64M Judgment For Dallas Lender

A Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lo... (more story)

Worldwide Machinery Approved For $69M Ch. 11 Asset Sale

A Texas bankruptcy judge approved a $69 million going concern sale of assets for heavy-equipment rental company Worldwide Machinery Group on Wednesday after the proposed buyers increased their offer to avoid a... (more story)

Stoli, Fifth Third Exchange Term Sheets On New Ch. 11 Plan

Counsel for Stoli Group USA said the bankrupt vodka maker has exchanged term sheets with its secured lender Fifth Third Bank as it seeks to find a path toward an updated Chapter 11 plan following the rejection... (more story)

Arcade On Las Vegas Strip, Facing Eviction, Files Ch. 11

Las Vegas-based Electric Playhouse, a high-tech gaming and dining center inside the mall at the world-renowned Caesars Palace resort, filed for Chapter 11 bankruptcy protection in Nevada, facing a pending evic... (more story)

5th Circ. Revives Oil Co.'s Faulty Cement Coverage Suit

The Fifth Circuit revived an oil and gas producer's suit seeking coverage for a settlement it reached with a bankrupt oilfield services firm over faulty cement, saying a Texas federal court incorrectly tossed ... (more story)

Royal Interco Looks To End Ch. 11 After Creditor Deal

A Delaware bankruptcy judge Tuesday agreed to approve settlements between paper product company Royal Interco LLC and a number of its creditors as it moves to dismiss its case.

SilverRock Approved For $65M Sale Of Calif. Resort Project

Bankrupt real estate development firm SilverRock Development Co. LLC received approval Tuesday from a Delaware judge for the $65 million sale of its resort project assets to affiliates of Turnbridge Equities, ... (more story)

Village Roadshow Film Rights Sale Set For 'Prompt' Ruling

A Delaware bankruptcy judge hopes to issue a decision quickly after arguments wrapped up Tuesday over the proposed Chapter 11 sale of the derivative rights of bankrupt movie producer Village Roadshow Entertain... (more story)

Watchmaker Fossil Files Ch. 15 Amid $150M UK Debt Workout

A unit of watch- and jewelry-maker Fossil Group Inc. has filed for Chapter 15 protection in Texas bankruptcy court seeking U.S. recognition of a plan proposed in the United Kingdom to restructure $150 million in debt.

Akoustis Gets OK For Ch. 11 Liquidation Plan Disclosures

Radio frequency filter maker Akoustis Technologies received bankruptcy court approval Tuesday in Delaware for a disclosure statement describing its Chapter 11 plan of liquidation that was presented without any objection.