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Bankruptcy titan Weil Gotshal & Manges LLP announced it would wind down, the U.S. Department of Justice named a new head for the U.S. Trustee Program, and the nationwide Bankruptcy Noticing Center resumed operations following a cybersecurity incident.
Trustees overseeing financier Wing-Fai Ng's Hong Kong bankruptcy have filed a Chapter 15 petition in California seeking recognition of the Hong Kong proceeding and authority to pursue his U.S. assets, including his equity in Nasdaq-listed Triller Group Inc.
The Office of the U.S. Trustee has appointed Dechert LLP lawyer Steven A. Engel as examiner in bankrupt satellite internet provider Hughes Satellite Systems Corp.'s Chapter 11 case.
ZOM Living, a Florida-based developer of luxury apartment buildings, and two affiliates have filed Chapter 11 papers with about $541 million of unsecured debt, saying the bankruptcy was a "last attempt to save... (more story)
Liquidating airline owner Spirit Aviation Holdings proposed a settlement with a credit card processing partner in New York bankruptcy court late Friday that will see the processor release most of a $76 million... (more story)
AI-focused Scissero Law Ltd. said Monday that it is discussing a majority investment with around half a dozen midsized private equity firms and is also speaking with partners and other lawyers from Weil Gotsha... (more story)
Pharmaceutical company Karyopharm Therapeutics Inc. on Monday filed for Chapter 11 protection in a Texas bankruptcy court with $441.5 million in debt and a plan to merge with biotechnology firm Ayrmid Ltd.
Holy Redeemer Health System filed for Chapter 11 protection in Pennsylvania to address about $441 million in liabilities, sell its hospital and restructure its senior and life care medical divisions.
The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.
The Second Circuit denied Reed Smith LLP's emergency stay request to pause lower court decisions requiring it to turn over client files related to shipping company Eletson on Friday, saying in a succinct order... (more story)
Attorneys told a Texas bankruptcy judge Friday that Polish solar group GoldenPeaks and an unsecured creditor have reached terms to resolve automatic stay violation litigation around a construction bond held in a Chinese bank.
Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who medi... (more story)
The trustee overseeing the liquidation of Bernie Madoff's sham investment fund has proposed a settlement worth about $29 million with Sumitomo Trust & Banking Co. Ltd. to resolve a clawback action aimed at rec... (more story)
Investors of now-bankrupt vaccine company Gritstone Bio Inc. have asked a California federal court to grant final approval to a $6 million settlement resolving claims that its former CEO failed to disclose the... (more story)
A New York federal judge has ordered the former chief operating officer of an Arizona sporting complex to pay more than $2 million in restitution for his role in a nine-figure bond fraud scheme.
A telehealth company focused on weight loss has filed for Chapter 11 protection in Delaware with $28 million in liabilities and a dual-track plan to either sell its assets or reorganize.
The operator of 61 Outback Steakhouse franchises in California and the Southwestern states Monday filed for Chapter 11 protection in Delaware with nearly $320 million in secured debt, saying the company had be... (more story)
A Delaware bankruptcy judge Friday kicked the Chapter 11 plan confirmation hearing for MII Aviation into the following week, after the debtor reported it was unable to reach a settlement with an objecting cred... (more story)
A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative ru... (more story)
A Delaware bankruptcy judge Friday approved the bidding procedures for the assets of artificial intelligence-powered entertainment platform Character Technologies, including a $20 million stalking horse bid fr... (more story)
Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the ... (more story)
Members of the Eastland family who control Camp Mystic signed off on a new governance structure that would see two independent managers handle both the company's bankruptcy and litigation stemming from last ye... (more story)
A London appeals court has set aside a bankruptcy order against a former Russian company executive, ruling that a lower judge wrongly rejected his challenge to the judgments underpinning the petition amid alle... (more story)
Jane VanLare and Timothy Wolfe
Though Spirit Airlines' first Chapter 11 plan was broadly supported and moved swiftly through confirmation, it avo... (more story)
Michael Ott
The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attor... (more story)
Kenneth Rosen
A dispute in the Hughes Satellite Systems Chapter 11 case, pending in Texas bankruptcy court, raises a recurring i... (more story)