To access this content, a subscription to Bankruptcy Authority is required.
What's Happening In Bankruptcy Court This Coming Week
Education technology group Anthology and the maker of Roomba vacuums will seek court approval for their Chapter 11 plans. Nursing home operator Genesis is asking for approval of a $1 billion asset sale. And former trucking group Yellow Corp. is looking to end years of litigation through a settlement with a group of pension plans.
Meet The Attys Taking Saks From 5th Ave. To Ch. 11
The parent company of luxury department store chain Saks Fifth Avenue has hired attorneys from Willkie Farr & Gallagher LLP and Haynes Boone to see it through the bankruptcy it began with $3.4 billion in funded debt.
Saks Has Ch. 11 Exit Funds, But Exit Door Appears Elusive
The company behind luxury retailer Saks Fifth Avenue may now have cash for its short-term needs in bankruptcy, but its long-term plans are still a mystery, with exit financing in hand but no exit strategy, experts told Law360.
What's Happening In Bankruptcy Court This Coming Week
Education technology group Anthology and the maker of Roomba vacuums will seek court approval for their Chapter 11 plans. Nursing home operator Genesis is asking for approval of a $1 billion asset sale. And former trucking group Yellow Corp. is looking to end years of litigation through a settlement with a group of pension plans.
Meet The Attys Taking Saks From 5th Ave. To Ch. 11
The parent company of luxury department store chain Saks Fifth Avenue has hired attorneys from Willkie Farr & Gallagher LLP and Haynes Boone to see it through the bankruptcy it began with $3.4 billion in funded debt.
Saks Has Ch. 11 Exit Funds, But Exit Door Appears Elusive
The company behind luxury retailer Saks Fifth Avenue may now have cash for its short-term needs in bankruptcy, but its long-term plans are still a mystery, with exit financing in hand but no exit strategy, experts told Law360.
Expert Analysis
The regulatory and litigation developments for California financial institutions in the fourth quarter of 2025 wer... (more story)
As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service o... (more story)
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evide... (more story)
Large Cap More
The parent of Saks Fifth Avenue filed for Chapter 11 in Texas with $3.4 billion in debt tied to its Neiman Marcus deal, the U.S. Supreme Court declined to hear an appeal in the Boy Scouts of America's bankrupt... (more story)
Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natur... (more story)
The chief legal officer at Frontier Communications is set to receive close to $2 million in severance after he and three other company executives resigned from their jobs on Tuesday following Verizon's takeove... (more story)
Freight company STG Logistics Inc. has assembled a team of lawyers from Kirkland & Ellis LLP and Cole Schotz PC to see it through a bankruptcy it hopes will address more than 90% of its debt before the year is half over.
Almost every circuit court has wrongly allowed litigants to vacate invalid judgments regardless of how long ago the judgments became final, the U.S. Supreme Court ruled Tuesday, endorsing one circuit's outlier... (more story)
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughou... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how potential changes to federal marijuana regulation could affect landlords, the largest global real estate... (more story)
A top federal regulator called Friday for a sweeping rethink of rules intended to ensure big, complex banks can be safely wound down in a crisis, including potentially ending requirements to file so-called liv... (more story)
An investment firm is suing Kirkland & Ellis LLP, an ex-judge, two other law firms and a lawyer for allegedly fomenting "mass corruption" in Houston's bankruptcy court and colluding to enrich themselves by con... (more story)
A major creditor in an investment firm founder's Chapter 11 asked a bankruptcy judge to hash out how much the debtor owes the Internal Revenue Service and rule that the tax collector's claims don't have priority.
Mid Cap More
A Pennsylvania bankruptcy judge agreed Tuesday to lift the litigation stay in the Chapter 9 case of the city of Chester to allow a last-minute deal to save a Prospect Medical-owned hospital facing permanent cl... (more story)
A podcast host dubbed the "Cash Flow King" will pay $3.3 million to settle claims that he ran a multiyear Ponzi scheme that cheated investors out of $11 million through bogus real estate investments, the U.S. ... (more story)
A New York bankruptcy judge approved the $451 million sale of 93 properties in the Chapter 11 case of real estate entities affiliated with Pinnacle Group, saying the buyer's plan to invest $30 million in repai... (more story)
Major Popeyes Louisiana Kitchen franchise operator Sailormen Inc. has filed for Chapter 11 protection in Florida bankruptcy court with more than $342 million in liabilities, saying it is facing a bid for the a... (more story)
Florida's Nason Yeager Gerson Harris & Fumero PA has expanded its reach in South Florida with a new office in downtown Fort Lauderdale.
Groups representing tenants living in rent-stabilized housing units owned by bankrupt affiliates of Pinnacle Group told a New York judge Thursday they want the buyer of the debtor's assets to provide as much a... (more story)
A Florida federal judge denied a motion brought by the founder of the company that makes Bang energy drinks to avoid paying Monster Beverage Corp. $308 million stemming from a false advertising lawsuit, saying... (more story)
Comerica Bank is not liable for the actions of a former Chapter 7 liquidator, to whom the bank was paying fees during the bankruptcy of a tool manufacturer, the Sixth Circuit has found.
The European Commission has announced its approval of a $5.9 billion bid by hedge fund Elliott Investment Management LP to purchase shares in Citgo's parent company and settle billions of dollars of debt owed ... (more story)
A trustee for the bankruptcy estate of a former medical spa owner alleged that Aspen Specialty Insurance Co. breached its duty to defend the woman in litigation over a client's burn injury, forcing her to face... (more story)