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Law firms, law schools and individual attorneys are offering support to affected Weil associates and law students, but some still face tough choices ahead.
An Outback Steakhouse franchisee, a pharmaceutical cancer treatment company and a boutique fitness studio operator were among the debtors entering bankruptcy in the last week.
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.
Fourteen states, a U.S. senator from Missouri and others are urging the U.S. Supreme Court to reverse a Second Circuit decision overturning a New York judge's $16 billion judgment against Argentina in a case t... (more story)
The plan administrator in the Chapter 11 case of solar panel company SunPower told a Delaware bankruptcy judge Tuesday the $13 million tax underpayment claim lodged by a California state agency should be denie... (more story)
Cancer drug developer Karyopharm Therapeutics Inc. on Tuesday secured a Texas bankruptcy judge's approval to borrow $25 million in Chapter 11 financing and solicit bids for its business, as the company looks t... (more story)
A Florida bankruptcy judge Tuesday agreed to allow luxury apartment building developer ZOM to tap $5 million of debtor-in-possession financing provided by an affiliate, after the debtor struck a temporary truc... (more story)
A federal judge Tuesday said he was not inclined to rule just yet on a motion to compel documents and other discovery material related to the closure and attempted renaming of the John F. Kennedy Center for th... (more story)
A federal bankruptcy judge has ordered the Defense Logistics Agency to turn over $8.5 million in overdue payments to Noble Supply & Logistics, rejecting the government's attempt to freeze funds over as yet unp... (more story)
Bryan Cave Leighton Paisner LLP announced Tuesday that it has promoted 15 lawyers to partner across eight offices in Europe and the U.S.
A prominent co-leader of the real estate practice at Weil Gotshal & Manges LLP is joining Goodwin Procter LLP as his former firm begins to wind down operations, according to a Tuesday announcement.
Affiliates of ZOM Living, a Florida-based developer of luxury apartment buildings, have filed Chapter 11 papers with about $541 million of unsecured debt, saying the bankruptcy was a "last attempt to save thei... (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)
A Washington state judge has agreed to freeze a lawsuit accusing law firm Ashurst Perkins Coie of aiding and abetting a nearly $230 million Ponzi scheme, ordering the King County Superior Court litigation be p... (more story)
The country's largest Outback Steakhouse franchisee received approval Tuesday from a Delaware bankruptcy judge to access part of a $5.5 million Chapter 11 loan so that it can meet an upcoming payroll obligatio... (more story)
A legacy unit of defunct tire maker Uniroyal received confirmation of its Chapter 11 plan Tuesday from a New Jersey bankruptcy judge, who overruled an objection from U.S. Trustee's Office to the proposal's opt... (more story)
FuturHealth, a weight loss-focused telehealth platform, can access $1.5 million of its $5 million debtor-in-possession loan, a Delaware bankruptcy judge said Tuesday, granting interim approval of the financing... (more story)
A Texas bankruptcy judge has approved a proposal by Camp Mystic to appoint a pair of independent managers to handle the summer camp's bankruptcy and litigation stemming from a deadly 2025 flood.
Bankrupt former publican Jon Adgemis has told a Federal Court of Australia examination on Tuesday that he "can't recall" the details of his financial arrangements or the GST refunds of his sprawling Sydney pub... (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.
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)
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)