Try our Advanced Search for more refined results
Bankruptcy
-
December 11, 2025
Fla. Judge OKs Ch. 11 Plan For $1.7B Miami High-Rise Plot
A Florida bankruptcy judge has confirmed the Chapter 11 plan for the owners of a prized piece of land proposed for a high-rise construction along the skyline of downtown Miami that could be worth more than $1 billion once redeveloped.
-
December 11, 2025
Judge Probes Alleged Fake Docs In Miss America Dispute
A Florida federal judge said Thursday that he wants to get to the bottom of the authenticity of operating agreements for two companies associated with the Miss America pageant filed in court in a $500 million dispute over the ownership of the competition.
-
December 11, 2025
'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal
U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.
-
December 11, 2025
Ga. Dorm Operator Gets Approval For Ch. 11 Sale Plan
A Delaware bankruptcy judge Thursday approved the Chapter 11 plan for the operator of the dormitories at eight Georgia public university campuses, overruling an objection to the claims releases in the plan.
-
December 11, 2025
Terraform Founder Gets 15 Years For 'Epic' $40B Crypto Scam
A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern.
-
December 11, 2025
Chancery Skeptical Of B. Riley Investors' Investment Loss Suit
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
-
December 11, 2025
Sports League Grand Slam Track Hits Ch. 11 After Debut Year
Grand Slam Track, a professional track and field league started by Olympic sprinting champion Michael Johnson, filed for Chapter 11 protections in Delaware Thursday with up to $50 million in liabilities.
-
December 10, 2025
Crypto Bankruptcy Trust Can Tap D&O Policy, Judge Rules
A Texas bankruptcy judge has found that a directors and officers liability insurer was wrong to refuse a reasonable $4.65 million settlement demand from the trustee overseeing the wind-down of former cryptocurrency data miner Compute North Holdings, but that the court can't force the carrier to accept it.
-
December 10, 2025
4th Circ. Hints $166M Fight Could Create Circuit Split
In questioning counsel for an insolvent Dutch insurance company trying to confirm a $166 million arbitral award against convicted insurance mogul Greg Lindberg, two Fourth Circuit judges quipped the insurer likely wants to avoid a circuit split over interpreting the Federal Arbitration Act and keep the case out of the U.S. Supreme Court.
-
December 10, 2025
Wells Fargo Says It Didn't Know Ex-Atty Stole From Clients
Wells Fargo is seeking to shed claims in Texas federal court alleging it turned a blind eye to a convicted former attorney's misuse of client funds held in accounts at the bank, arguing that the victims of the lawyer's fraud failed to show it knew of the misconduct.
-
December 10, 2025
2nd Circ. Urged To Nix Yacht, $37M Escrow From Guo Ch. 11
The daughter of Chinese exile Miles Guo on Wednesday asked the Second Circuit to reverse bankruptcy and district court decisions awarding a yacht and a $37 million support account to her father's Chapter 11 estate, saying those courts improperly relied upon a state court decision when issuing quick wins.
-
December 10, 2025
Ex-Nikola CEO Asks To Cancel Asset Sale, Submit Higher Bid
An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now willing to offer more than twice the sale price.
-
December 10, 2025
VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.
-
December 09, 2025
Nylon Maker Ascend Secures OK For Ch. 11 Plan
A Texas bankruptcy judge agreed Tuesday to approve the Chapter 11 plan of nylon manufacturer Ascend Performance Materials, commending the debtor on reaching a largely consensual restructuring proposal eight months after its free-fall bankruptcy filing.
-
December 09, 2025
Judge Will OK Church Wages In Ch. 11 Seeking Claims Halt
A New York bankruptcy judge said Tuesday he would grant interim approval to first day relief including permission to pay wages in a Chapter 11 case the Church of the Immaculate Heart of Mary began to pause abuse claims as its archdiocese tries to hash out a larger resolution.
-
December 09, 2025
FTX Customers Seek Final OK For $10M Deal With Silvergate
Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion-dollar FTX fraud, saying the deal represents the best, and likely only, meaningful recovery available from the now-bankrupt lender.
-
December 09, 2025
Expert Invoices Discoverable In J&J Talc MDL, Judge Says
A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder caused ovarian cancer and mesothelioma, but only after it produces its own expert invoices.
-
December 09, 2025
Trustee Says Winston & Strawn Is Liable For $1.7B Fintech Bust
The trustee of the bankrupt self-styled "anti-woke" financial technology startup GloriFi said Winston & Strawn LLP shouldn't be allowed to escape a malpractice lawsuit over the company's $1.7 billion failure, saying the firm was a knowing participant in the allegedly unlawful activities of its then-CEO.
-
December 09, 2025
Ex-Bankruptcy Judges Urge High Court To End Estoppel Rule
Five retired bankruptcy judges are asking the U.S. Supreme Court to overturn a Fifth Circuit ruling blocking a debtor from pursuing litigation he failed to disclose in his bankruptcy case, saying the panel applied stricter standards than most circuits and the high court itself.
-
December 09, 2025
Calif. Nonprofit Hospital Hits Ch. 11 Looking To Sell
California's Oroville Hospital and its parent company filed for bankruptcy Monday, listing more than $100 million of debt and saying it needs the protections of Chapter 11 to complete a value-maximizing sale of its facilities.
-
December 08, 2025
Tax Court Rejects Telecom Co.'s $3M Bankruptcy Deductions
A telecommunications company cannot deduct over $3 million as a loss tied to a subsidiary's bankruptcy proceedings, the U.S. Tax Court ruled Monday, holding that the amount must be reported as capitalized expenditures because both businesses share the same owners.
-
December 08, 2025
Spirit Airlines Can Transfer 2 Chicago Gates For $30M
A New York bankruptcy judge on Monday said he will approve a move by Spirit Airlines to transfer two of its four preferential gate assignments at Chicago's O'Hare International Airport to American Airlines for $30 million.
-
December 08, 2025
Judge Backs Cutting $800M In FTX Ch. 11 Claims
A federal appellate judge has upheld the Delaware bankruptcy court's decision to pay out almost nothing on $800 million in claims against collapsed cryptocurrency exchange FTX, agreeing with the bankruptcy judge that the crypto assets tied to those claims were essentially worthless.
-
December 08, 2025
Carlton Fields Steps Aside In 'Irreconcilable' Miss America Case
A Florida federal judge allowed Carlton Fields and its attorneys on Monday to withdraw from representing the plaintiffs in a dispute over the ownership of the Miss America pageant, after the firm said "irreconcilable differences" drew it to ask to step down.
-
December 08, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court delivered a busy first week of December, featuring commercial disputes, post-closing merger and acquisition battles and renewed scrutiny of fiduciary conduct ranging from oil and gas investments to healthcare acquisitions.
Expert Analysis
-
Series
Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
-
Opinion
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
-
Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
-
How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
-
Series
Competitive Weightlifting Makes Me A Better Lawyer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.
-
Serta Ruling Further Narrows Equitable Mootness In 5th Circ.
The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.
-
Opinion
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
-
In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.
-
Series
Collecting Rare Books Makes Me A Better Lawyer
My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.
-
Opinion
Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.
-
Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
-
Perspectives
Accountant-Owned Law Firms Could Blur Ethical Lines
KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.
-
Ch. 11 Ruling Confirms Insurer Standing Requirements
A New York bankruptcy court's recent decision in the Syracuse Diocese's Chapter 11 case indicates that insurers have misread the U.S. Supreme Court’s 2024 ruling in Truck Insurance Exchange v. Kaiser Gypsum and that federal standing requirements remain unaltered, say attorneys at Lowenstein Sandler.
-
AI Will Soon Transform The E-Discovery Industrial Complex
Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.
-
When Innovation Overwhelms The Rule Of Law
In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.