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Bankruptcy
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January 30, 2026
Atty Defends Retyped Docs In $500M Miss America Feud
A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not false but retyped versions of the originals after his laptop was stolen on a trip to Ecuador.
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January 30, 2026
Real Estate Recap: Build-To-Rent, Apollo, Boston
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including takeaways for the build-to-rent sector following a recent executive order on Wall Street investment in the single-family market, Apollo REIT's $9 billion portfolio sale, and a view of Boston from the chair of a BigLaw real estate practice.
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January 30, 2026
Creditors Given Weekend To Review Saks Off 5th Closures
A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but not until Monday at the earliest.
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January 30, 2026
Fannie Mae Blasts Bid To Regain Minn. Apartment Control
Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, given that it's already copped to misappropriating rents mid-bankruptcy proceedings.
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January 30, 2026
Reed Smith Brings On Gibson Dunn In $102M Award Feud
Reed Smith LLP has told a New York federal court that it has retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture involving international shipping company Eletson Holdings.
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January 30, 2026
Boies Schiller Lands Grant & Eisenhofer Bankruptcy Leader
Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.
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January 29, 2026
J&J, Talc Unit Get Patients' Bankruptcy Fraud Claims Tossed
A New Jersey federal judge Thursday tossed a proposed class action brought by cancer patients who allege that Johnson & Johnson's maneuvers to settle thousands of tort claims through Chapter 11 involved fraud, saying the plaintiffs have not asserted an injury that confers standing to sue.
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January 29, 2026
Ex-Synapse Compliance Chief Settles FINRA Supervisory Case
The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.
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January 29, 2026
Luminar Sues Semiconductor Co. To Recover On $2.2M Loan
Bankrupt self-driving vehicle technology developer Luminar Technologies has hit Next Semiconductor with a suit in Texas bankruptcy court alleging the chipmaker has defaulted on a $2.2 million loan while "wrongly" suggesting Luminar's Chapter 11 proceedings somehow exempt it from paying the debt.
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January 29, 2026
Wolfspeed Says Jaguar Land Rover Reneged On Supply Deal
North Carolina-based chipmaker Wolfspeed Inc. has accused Jaguar Land Rover of refusing to pony up payments under a supply agreement for allegedly underbuying products last year, saying the automotive giant can't use slowdowns elsewhere as an excuse for its nonpayment.
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January 29, 2026
NASCAR Supplier Accuses Brembo Of Extortion Over Debt
A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owned by the distributor's majority shareholder, a North Carolina federal court heard.
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January 29, 2026
Saks To Close 57 Saks Off 5th Stores In Bankruptcy
Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11.
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January 29, 2026
Bankruptcy Group Of The Year: Paul Weiss
Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state regulators, earning the firm a place among the 2025 Law360 Bankruptcy Groups of the Year.
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January 29, 2026
Former First Brands Execs Indicted On Fraud Charges
Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.
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January 29, 2026
Mo. Packaging Co. Files For Ch. 11 To Reduce Debt By $900M
Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by more than $900 million.
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January 29, 2026
Global Label Maker Multi-Color Hits Ch. 11 With $5.9B Debt
Georgia-based global retail product label maker Multi-Color Corp. filed for Chapter 11 protection Thursday in a New Jersey bankruptcy court with an agreement in place to trim $3.9 billion of its $5.9 billion in debt.
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January 28, 2026
$3.1M Legal Fee At Heart Of Latest Feud In Citgo Sale Saga
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auctioning off Citgo to satisfy billions of dollars' worth of Venezuelan debt.
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January 28, 2026
Asset Co. Slams Conn. Insurance Chief's Plan For Liquidation
An asset management company asked a Connecticut state court for permission to intervene in the insurance commissioner's rehabilitation of struggling insurer PHL Variable Insurance Co., saying the commissioner's "surprise" plan to pursue liquidation will be disastrous for universal life policyholders that are over a $300,000 cap on death benefits.
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January 28, 2026
Del. Court Presses Norcold On Insider Bankruptcy Sale
A Delaware bankruptcy judge said he will issue an oral ruling in the coming days after hearing hours of sharply contested argument over whether Norcold LLC can proceed with an insider sale of its assets outside of a Chapter 11 plan, a transaction critics say would extinguish valuable litigation claims and leave the estate administratively insolvent.
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January 28, 2026
Record Label Says 2 Live Crew Gave Up Rights In Bankruptcy
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that the rights were included in the sale of the records in a 1996 bankruptcy.
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January 28, 2026
Data Co.'s Brass, Top Customer Face SEC 'Round-Trip' Claims
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting scheme to overstate the company's revenue and become a more attractive target for a special purpose acquisition company.
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January 28, 2026
First Brands Needs Court OK On $48M From Ford, GM, Polaris
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the funds to stay afloat after running out of debtor-in-possession financing.
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January 28, 2026
Judge OKs Texas Wind Farm Owner's Cash Collateral In Ch. 11
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale as a going concern.
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January 28, 2026
Bankruptcy Group Of The Year: Quinn Emanuel
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successful buyer of 23andMe's assets, earning it a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 28, 2026
Bankrupt Alaska Airline Gets First-Day Ch. 11 Nods In Del.
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including an absence of revenue.
Expert Analysis
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Series
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Series
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Series
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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Opinion
The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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Series
Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Series
Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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Franchise Group Dispute Reflects Rising Intercreditor Suits
A recent complaint filed by senior creditors against junior creditors in the Franchise Group bankruptcy could embolden lenders to take preemptive action against one another in bankruptcy proceedings, and could affect the way secured lenders draft intercreditor agreements going forward, say attorneys at Choate.
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Series
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 it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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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 federal court misapplied a bankruptcy code section and case law, leaving a draconian decision that could limit the scope of a powerful equitable estate tool, says Brian Shaw at Cozen O'Connor.