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Expert Analysis

Playing Poker Makes Me A Better Lawyer

Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because i... (more story)

Ch. 7 Marshaling Ruling Rests On Shaky Legal Grounds

In its recent holding in a Chapter 7 bankruptcy case that marshaling may not be applied against the IRS, a Texas f... (more story)

Law School's Missed Lessons: Becoming A Firmwide MVP

Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their org... (more story)

Large Cap More

'Circular Firing Squad' Is Stalling Romance Case, Judge Says

A Texas federal judge told Jackson Walker LLP and Kirkland & Ellis LLP that they were stuck in a "circular firing squad" in a debate over whether the former CEO of a defunct barge company could sue the firms o... (more story)

Senators Unveil DNA Privacy Bill Amid 23andMe's Ch. 11 Sale

A bipartisan group of U.S. senators on Thursday introduced a bill designed to safeguard customers' genetic information in bankruptcy cases, saying 23andMe's plan to sell users' DNA data to a pharmaceutical com... (more story)

Servicer, BNY Seek Exit From Mortgage Statement Suit

Bank of New York Mellon and a mortgage servicing company have urged a Massachusetts federal court to permanently dismiss a proposed class action accusing them of trying to collect on post-bankruptcy liens, say... (more story)

Ligado To Settle Dispute With Inmarsat Over AST Satellite Deal

Counsel for troubled satellite company Ligado Networks told a Delaware bankruptcy judge Thursday the debtor signed an agreement in principle with telecommunications firm Inmarsat that would clear objections to... (more story)

Purdue Eyes Fall Confirmation For New Chapter 11 Plan

Attorneys for Purdue Pharma told a New York bankruptcy judge Thursday that the company aims to send its Chapter 11 plan to a vote over the summer with a fall confirmation hearing to conclude the nearly 6-year-old case.

New Orleans Archdiocese Strikes $179M Abuse Deal

The committee representing sexual abuse claimants in the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans that began five years ago has announced it reached a roughly $179 million settlement of... (more story)

Procopio Expands In San Diego With Bankruptcy Specialist

Procopio Cory Hargreaves & Savitch LLP is expanding its team, bringing in a Henderson Caverly & Pum LLP bankruptcy pro as a partner in its San Diego office.

NYC Landlord Pinnacle Files Ch. 11, Claiming $500M-Plus Debt

A group of entities for New York landlord Pinnacle Group has filed for Chapter 11 protection in federal bankruptcy court, claiming at least $500 million in assets and liabilities on a portfolio of 82 holding companies.

US Trustee, Jackson Walker Might Mediate Fee Case

The U.S. Trustee's Office and Jackson Walker LLP told a Texas federal judge Thursday they are open to mediating the watchdog's bid to have the law firm forfeit fees from more than 30 cases overseen by a former... (more story)

Conn. Diocese Ch. 11 Plan Approved With $31M Abuse Fund

A Connecticut bankruptcy judge on Wednesday approved the Chapter 11 plan of the Norwich Roman Catholic Diocese, clearing the way for survivors of childhood sexual abuse at the hands of priests and religious br... (more story)

Mid Cap More

5th Circ. Revives 'Unclean Hands' Defense In Ch. 13

A Louisiana homeowner can head back to bankruptcy court to try to discharge a $75,000 judgment against him from a contractor who said it was stiffed, a panel of the U.S. Court of Appeals for the Fifth Circuit has ruled.

Paper Biz Royal Interco Cleared For $180M Ch. 11 Sale

Arizona-based Royal Interco LLC, a supplier of private-label paper products to grocery chains including Trader Joe's and Aldi, received the Delaware bankruptcy court's permission Thursday to sell its assets to... (more story)

Nostrum Cleared for $1.75M Sale Of Ohio Drug Facility

Bankrupt drugmaker Nostrum Laboratories received approval from a New Jersey court for a $1.75 million sale of an Ohio facility after reaching an agreement with the buyer and lenders over the costs of removing ... (more story)

Silvergate Estate To Chip In For $37.5M Investor Settlement

Silvergate Capital and investors suing over its collapse have reached a $37.5 million deal with a "rare" source of partial funding to resolve claims that the failed crypto-focused bank misrepresented its safeg... (more story)

Trustee Alleges Developer Sold Gas Rights To Avoid Creditors

A bankrupt developer sold its oil and gas rights to an affiliated company for only $100 per parcel in order to keep them from becoming part of the bankruptcy estate, the estate's trustee has claimed in an adversary complaint.

'Tough Luck' Case Law Cited In Refusal To Stop Summons

An Illinois federal judge on Tuesday grudgingly declined to issue an injunction to stop an arbitrator from dragging insurance broker Arthur J. Gallagher & Co. into arbitration stemming from the bankruptcy of C... (more story)

Vegan Restaurant Chain Planta To Tap $1.75M In DIP Funding

A Delaware bankruptcy judge Wednesday agreed to approve bankrupt vegan restaurant chain Planta's bid to access $1.75 million of its $3.5 million debtor-in-possession financing package, saying it needs funding ... (more story)

SC Justices Affirm Receivership Order In Asbestos Dispute

The South Carolina Supreme Court on Wednesday unanimously upheld a trial court's decision to appoint a receiver over a Canadian company's insurance assets as part of discovery sanctions in an asbestos injury l... (more story)

Sheppard Mullin Lands Alston & Bird, Dechert Attys

Sheppard Mullin Richter & Hampton LLP has brought on a former Alston & Bird LLP partner in its Dallas office and a former Dechert LLP partner in its San Francisco office, strengthening the firm's finance and b... (more story)

50 Cent Wants Ch. 11 Reopened To Fight Woman's $20M Suit

A Connecticut bankruptcy judge will review under seal a woman's $20 million New York injury suit against recording artist 50 Cent during an agreed-upon pause in the state court proceeding, helping her decide w... (more story)