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Bankruptcy
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February 23, 2026
PosiGen Gets OK For Ch. 11 Wind-Down Plan
A Texas bankruptcy judge Monday approved solar panel leasing firm PosiGen's wind-down Chapter 11 plan after the company said it modified its third-party release provisions to conform to a federal district court decision issued earlier this month.
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February 23, 2026
Catching Up With Delaware's Chancery Court
Legal fee feuds, noncompete pact breach fights and post-closing "earnout" battles piled up in Delaware's equity and commercial law venues last week, with top jurists briefing lawmakers on efforts to better manage crowded dockets and expanded benches.
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February 23, 2026
NJ Watchdog Takes File Fight In Hospital Row To 3rd Circ.
A New Jersey watchdog will take its bid to shield investigative files from discovery in a hospital's antitrust suit to the Third Circuit, according to a court notice.
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February 23, 2026
Justices Won't Review Religious Group's Bid Against IRS Lien
The U.S. Supreme Court declined Monday to review a religious organization's constitutional challenge against the Internal Revenue Service over a lien on church property to collect taxes owed by the group's bankrupt founder and her family.
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February 23, 2026
Pretium's Ch. 11 Prepack Confirmed Over Opt-Out Objection
Pretium Packaging LLC received approval Monday in New Jersey bankruptcy court for its prepackaged Chapter 11 plan of reorganization after a judge said an opt-out mechanism for third-party releases is a permitted means of gaining consent from creditors.
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February 23, 2026
Stone And Sand Co. Files Ch. 11 With $32M Debt
A New York-based purveyor of sand and stone aggregates sought Chapter 11 protection Friday, with over $32 million in liabilities and almost $1.3 million in assets.
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February 23, 2026
Natural Gas Compressor Co. Axip Files Ch. 11 In Texas
Natural gas compression equipment provider Axip Energy Services has filed for Chapter 11 protection in a Texas bankruptcy court, saying it has secured an offer to sell its assets to deal with its $240.5 million in funded debt.
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February 20, 2026
Evolve Bank Freed From Fintech Yotta's Fraud Suit, For Now
A San Francisco federal judge has dismissed Yotta Technology's lawsuit accusing Evolve Bank & Trust of operating a Ponzi scheme on the grounds that it can't proceed in federal court without now-defunct fintech intermediary Synapse Financial Technologies as a party, but the judge held it could be refiled in state court.
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February 20, 2026
McGlinchey Stafford Files Ch. 7 With Over $10M In Liabilities
New Orleans-based firm McGlinchey Stafford PLLC, which announced last month that it's winding down operations after more than half a century, filed for Chapter 7 bankruptcy with more than $10 million in liabilities owed to former staff and attorneys, workplace vendors, financial institutions and other creditors.
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February 20, 2026
PrimaLend Confirms Ch. 11 Plan Folding In Asset Sales
Auto lender PrimaLend Capital can head toward a Chapter 11 exit after a Texas bankruptcy judge on Friday approved a plan incorporating two credit bid sales of its loan portfolios and establishing a liquidating trust.
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February 20, 2026
Lender Onset Hits Back On First Brands' $2.9B Fraud Suit
First Brands lender Onset Financial Inc. is slamming a $2.9 billion lawsuit that the embattled auto parts maker brought against Onset in Texas bankruptcy court last month, asserting it is the victim rather than a perpetrator of the fraud that sent First Brands into Chapter 11.
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February 20, 2026
Beasley Allen Can't Pause NJ Talc DQ Order, Judge Rules
The Beasley Allen Law Firm can't delay an order disqualifying it from representing hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder while it seeks review from the New Jersey Supreme Court, a state judge ruled on Friday.
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February 20, 2026
Saks Global Gets Final OK On Over $1.2B In Ch. 11 Funding
Luxury retailer Saks Global secured a Texas bankruptcy judge's approval Friday on more than $1.2 billion in Chapter 11 financing after reaching a deal with unsecured creditors, funds that Saks will use to support its reorganization efforts.
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February 20, 2026
Pryor Cashman Appoints Bankruptcy Chair To Exec Committee
Pryor Cashman LLP announced that an experienced attorney who has served in leadership roles in his nearly 20 years with the firm has been elected to a three-year term as a member of its executive committee.
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February 20, 2026
Simpson Thacher Plans Dallas Launch, Adds Capital Practice
Simpson Thacher & Bartlett LLP is planning to plant a second flag in the Lone Star State with a shop in Dallas after launching a capital structure solutions practice with a New York-based partner who came aboard from Kirkland & Ellis LLP at the helm.
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February 19, 2026
Flavored Air Co. Seeks Ch. 15 Nod In Nevada After Settlement
A Canadian flavored air device company is asking a Nevada bankruptcy judge to recognize the Canadian insolvency proceedings it began earlier this month after falling behind in payments from the settlement of a U.S. trademark infringement suit.
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February 19, 2026
Feds Say Miles Guo Can't Dodge $1.3B Fraud Forfeiture
Federal prosecutors say bankrupt Chinese exile Miles Guo waived any chance to object to a $1.3 billion preliminary order of forfeiture by waiting six months to object, urging a New York federal judge to reject the convicted fraudster's attempt to contest the order.
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February 19, 2026
Norcold Ch. 11 Plan Approved, But Trustee Pick Causes Delay
A Delaware bankruptcy judge signaled his intent to confirm the proposed liquidating plan of recreational vehicle refrigerator distributor Norcold LLC on Friday, but raised concerns with the choice of liquidating trustee under that plan that led him to delay signing a confirmation order.
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February 19, 2026
Warren Seeks Treasury, Fed Pledge Of No Bitcoin Bailout
Sen. Elizabeth Warren, D-Mass., is asking the U.S. Treasury and Federal Reserve to provide a written pledge not to bail out cryptocurrency markets in the face of sliding bitcoin prices, saying such a move would disproportionately benefit billionaires.
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February 19, 2026
Woman Asks Justices For Relief From Tax Preparer's Fraud
A woman facing more than $300,000 in tax bills because her return preparer committed fraud on her filings decades ago asked the U.S. Supreme Court to overturn the Third Circuit's finding that she is responsible, saying it unfairly allows the IRS to bypass the statute of limitations.
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February 18, 2026
Bang Energy's Founder Denied Stay Of Adversary Suit
A Florida bankruptcy judge denied a bid to halt an adversary lawsuit alleging that misconduct from the founder of Bang Energy drinks left his company insolvent, saying on Wednesday that no irreparable harm was shown without a stay and that a request for a stay is overly broad.
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February 18, 2026
Pine Gate Can Wind Down Biz In Ch. 11 Post-Asset Sales
A Texas bankruptcy judge Wednesday approved solar energy developer Pine Gate Renewables' bid to liquidate its business in Chapter 11, after the debtor sold the bulk of its assets during its roughly three-month-long case.
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February 18, 2026
State Law Matters More For Bankruptcy Tolling, NC Justices Told
A real estate rental agency told North Carolina's high court Wednesday that it didn't miss its chance to collect a $507,000 debt because a decade-long statute of limitations period for judgment renewal was tolled by the debtor's bankruptcy.
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February 18, 2026
US Trustee Challenges 'Matrix' Producer Bankruptcy Plan
The U.S. Trustee's Office has urged the Delaware bankruptcy court to block Village Roadshow's attempt to solicit votes on its Chapter 11 liquidation plan, arguing that sweeping third-party releases in the film and television production company's reorganization proposal are unlawful and inadequately disclosed to creditors.
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February 18, 2026
Talc Lawsuits Force Mining Co. Into Ch. 11 With Sale Plan
Vanderbilt Minerals, which mines and processes clay and other materials, has filed for Chapter 11 bankruptcy protection, citing an increase in lawsuits over alleged cancer-causing asbestos in its products.
Expert Analysis
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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When Atty Ethics Violations Give Rise To Causes Of Action
Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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Series
Practicing Stoicism Makes Me A Better Lawyer
Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.
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Series
The Biz Court Digest: Texas, One Year In
A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits
The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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$2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt
A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.
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Recent Trends In Lending To Nonbank Financial Institutions
Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.