Bankruptcy

  • July 15, 2025

    Bankruptcy Experts Call For Reset On Sub V, Student Debt

    A group of judges and bankruptcy experts told a congressional panel Tuesday that a reset is needed for the eligibility cap for Subchapter V bankruptcies and the standards for discharging student loan debt.

  • July 15, 2025

    Sunnova Seeks OK For $7M In Ch. 11 Sale Incentives To Execs

    Bankrupt solar panel giant Sunnova has asked a Texas bankruptcy court for permission to pay up to $7 million in cash incentives to its top executives, contingent on securing higher sale proceeds than its stalking horse bids for certain assets.

  • July 15, 2025

    Reed Smith Says Docs Slipped Through Stay In Eletson Row

    Reed Smith has asked the Second Circuit to again step in and block new owners of reorganized Greece-based international shipping company Eletson from viewing communications between the firm and the company's prior owners, saying that, despite a stay already in place, the new owners were allowed to acquire some files.

  • July 15, 2025

    Yellow Corp. Pursues More Terminal Sales Worth $7M

    Insolvent trucking company Yellow Corp. has urged the Delaware bankruptcy court to approve $6.85 million worth of trucking terminal sales, as the debtor works to craft a new Chapter 11 plan and distribute its remaining assets to creditors.

  • July 14, 2025

    Steward Health Fights To Confirm Chapter 11 Plan

    Steward Health, a former multistate hospital operator, urged a Texas bankruptcy judge Monday to confirm its Chapter 11 liquidation plan despite objections to how it tallied votes and its plans to pay administrative expenses with future litigation proceeds.

  • July 14, 2025

    Tender Greens Estate Defends Structured Dismissal Of Ch. 11

    The estate of One Table Restaurant Brands LLC, the former operator of casual restaurant chain Tender Greens and Mexican eatery Tocaya, defended its bid to dismiss its Chapter 11 case after the U.S. Trustee's Office said it would violate bankruptcy rules.

  • July 14, 2025

    BlockFi, DOJ End Ch. 11 Suit Over $35M In Scammed Crypto

    The plan administrator running the wind down of cryptocurrency lending platform BlockFi Inc. and the U.S. Department of Justice agreed to end two years of litigation over the government's efforts to recover $35 million in digital tokens deposited with the former debtor by a pair of Estonian scammers.

  • July 14, 2025

    2 Ex-Binance Employees Seek To Escape FTX Clawback Suit

    Two former Binance employees named as defendants in a $1.76 billion clawback suit brought by FTX in Delaware bankruptcy court have asked to be dismissed from the case, saying the court has no personal jurisdiction over them and that the complaint doesn't allege that they were involved in the transactions at issue.

  • July 14, 2025

    Gambling Co. Hits Ch. 11 In Texas With More Than $100M Debt

    Maverick Gaming LLC, which operates casinos and hotels in Nevada, Colorado and Washington, filed for bankruptcy relief Monday in Texas with more than $100 million in liabilities and a $22.5 million Chapter 11 financing package lined up.

  • July 11, 2025

    Courts Face Early Push To Expand Justices' Injunction Ruling

    In the two weeks since the U.S. Supreme Court curtailed federal judges' ability to issue universal injunctions, Trump administration attorneys have begun pushing to expand the decision's limits to other forms of relief used in regulatory challenges and class actions. So far, judges don't appear receptive to those efforts. 

  • July 11, 2025

    Trustee Says IT Contractor's Ch. 11 Counsel Pick Has Conflict

    The U.S. Trustee's Office objected late Thursday to the retention of Cullen and Dykman LLP as counsel for bankrupt government information technology contractor Sysorex Government Services Inc. in the company's Chapter 11 case because of the firm's representation of defendants in suits over alleged fraudulent transfers.

  • July 11, 2025

    Genesis Healthcare Gets Interim OK For $30M DIP Financing

    Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, can access $12 million of a $30 million Chapter 11 financing package, a Texas judge ruled Friday over the objection of one of the debtor's first lien holders.

  • July 11, 2025

    FTX Trust Says Blockchain Co. Hasn't Delivered $1.3M Coins

    A recovery trust for the bankrupt cryptocurrency exchange FTX filed a Chapter 11 adversary proceeding in Delaware bankruptcy court seeking turnover of $1.3 million worth of $XION digital tokens that the debtor's subsidiaries purchased prior to the bankruptcy filing.

  • July 11, 2025

    Dolphin Co. Says Ex-CEO Blocked Records, Violated Orders

    Dolphin encounter company Leisure Investments Holdings LLC told a Delaware bankruptcy court that its former executives ignored the court's order to submit the debtor's business records, therefore it should impose sanctions until they comply with the order. 

  • July 11, 2025

    Better Therapeutics Settles SPAC Suit In Del. For $1M

    Defunct telehealth provider Better Therapeutics Inc. has reached a roughly $1 million settlement with a shareholder to end a Delaware Chancery Court suit challenging its take-public merger, according to court filings.

  • July 10, 2025

    Joann's Ch. 11 Wind-Down Plan Confirmed In Del.

    The Chapter 11 wind-down plan of former arts and crafts retailer Joann Inc. received approval Thursday in Delaware bankruptcy court without opposition from any party in interest.

  • July 10, 2025

    50 Cent's Ch. 11 Reopened After Woman's $20M Injury Suit

    A Connecticut bankruptcy judge on Thursday reopened recording artist 50 Cent's 2015 Chapter 11 case but allowed a New York jurist to first decide whether to dismiss a woman's $20 million injury case, setting up a potential showdown over whether a 2017 discharge order might upend the woman's February lawsuit.

  • July 10, 2025

    Cinemex Theater Co. Gets $2.6M For Operations In Ch. 11

    A Florida bankruptcy judge approved more than $2.6 million to keep a theater company operating in its second Chapter 11 case on Thursday, allowing the funds to pay for critical vendors and goodwill expenses as the business plans another reorganization. 

  • July 10, 2025

    WilmerHale, US Trustee Spar Over Work In 23andMe Ch. 11

    The U.S. Trustee's Office argued Thursday the consumer privacy ombudsman in genetic testing company 23andMe's Chapter 11 shouldn't be allowed to hire lawyers from WilmerHale over conflict of interest concerns the firm disputed, an issue the presiding Missouri bankruptcy judge promised to rule on promptly.

  • July 10, 2025

    11th Circ. Revives Case Over $3.1M Glassware Verdict Debt

    The Eleventh Circuit has revived a case over $3.1 million in debt resulting from a jury verdict finding that two glass companies had copied the designs of another business, saying a lower court was wrong to find that the infringing companies' bankruptcy had wiped the debt out.

  • July 10, 2025

    Conn. Panel Will Again Hear Ex-Alex Jones Atty's Ethics Case

    The Connecticut Appellate Court will hear former Alex Jones attorney Norm Pattis' second appeal of his already-reduced, two-week suspension for allowing a former associate to send Sandy Hook medical records to other Jones attorneys who had not signed a confidentiality order.

  • July 10, 2025

    Genesis Healthcare Hits Ch. 11 With DIP Deal, Sale Plans

    Genesis Healthcare Inc., a holding company for rehabilitation centers and nursing homes in 18 states, and nearly 300 of its affiliates and subsidiaries have filed for Chapter 11 protection with at least $2 billion of liabilities, after the cost of litigation, tax back payments, a cyberattack and several other factors squeezed its cash flow.

  • July 09, 2025

    The Villages' Health Provider Gets Preliminary DIP Funding

    A Florida bankruptcy judge preliminarily approved a $39 million debtor-in-possession financing plan for The Villages Health System LLC, which provides healthcare services to 55,000 residents of the best-known retirement community in America and filed for Chapter 11 protection last week.

  • July 09, 2025

    Linqto Users Say Founder Flouted Securities Laws

    Customers of recently bankrupt private investment platform Linqto sued its founder and former CEO in New York federal court on Wednesday, alleging in a proposed class action that he disregarded securities laws and oversaw aggressive and misleading marketing to lure investors.

  • July 09, 2025

    11th Circ. Rules Against Hotelier In Arbitration Battle

    The Eleventh Circuit on Tuesday affirmed a bankruptcy court's annulment of an automatic stay to allow enforcement of an arbitral award issued in a dispute over a failed $250 million hotel conglomerate, rejecting arguments that the order was barred under a 2020 U.S. Supreme Court decision.

Expert Analysis

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • Series

    Exercising On My Peloton Bike Makes Me A Better Lawyer

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    While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • Consultants Should Be Aware Of DOJ's Potential New Reach

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    The U.S. Department of Justice's recent first-of-its-kind settlement with McKinsey & Co. indicates not only the DOJ's more aggressive stance toward businesses' potential criminal wrongdoings, but also the benefits of self-disclosure and cooperation when wrongdoing becomes apparent, says Dom Caamano at Kibler Fowler.

  • Series

    Playing Esports Makes Me A Better Lawyer

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    Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

  • Series

    Fixing Up Cars Makes Me A Better Lawyer

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    From problem-solving to patience and adaptability to organization, the skills developed working under the hood of a car directly translate to being a more effective lawyer, says Christopher Mdeway at Kaufman Dolowich.

  • Making The Pitch To Grow Your Company's Legal Team

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    In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

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    Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.

  • When US Privilege Law Applies To Docs Made Outside The US

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    As globalization manifests itself in disputes over foreign-created documents, a California federal court’s recent trademark decision illustrates nuances of both U.S. privilege frameworks and foreign evidentiary protections that attorneys must increasingly bear in mind, say attorneys at Hunton.

  • 'Minimal Participant' Bar Is Tough To Clear For Whistleblowers

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    Under the U.S. Department of Justice’s corporate whistleblower pilot program, would-be whistleblowers will find it tough to show that they only minimally participated in criminal misconduct while still providing material information, but sentencing precedent shows how they might prove their eligibility for an award, say attorneys at MoloLamken.

  • What 2024 Trends In Marketing, Comms Hiring Mean For 2025

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    The state of hiring in legal industry marketing, business development and communications over the past 12 months was marked by a number of trends — from changes in the C-suite to lateral move challenges — providing clues for what’s to come in the year ahead, says Ben Curle at Ambition.

  • Opinion

    How The Onion Could Still Buy InfoWars

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    While a Texas bankruptcy judge nixed the sale of InfoWars to The Onion on Tuesday, a slight tweak to the novel mechanism proposed could make the sale approvable, says Christopher Hampson at the University of Florida.

  • Series

    Group Running Makes Me A Better Lawyer

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    The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.

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