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Bankruptcy
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February 09, 2026
Calif. Catholic Friars Strike $20M Sex Abuse Deal In Ch. 11
An organization of Franciscan friars in California has informed a bankruptcy judge it reached a $20 million settlement with its creditors committee to address the sexual abuse claims asserted by nearly 100 people.
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February 09, 2026
America's Test Kitchen Owner Wins Auction For Food52 Brand
Cooking and home goods e-commerce company Food52 Inc. has told a Delaware bankruptcy judge that the owner of the America's Test Kitchen television show's brand has submitted the winning bid for its primary business.
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February 09, 2026
Blockchain Co. Archblock Files Ch. 11 With Debt Over $100M
Blockchain financial technology company Archblock LLC filed for Chapter 11 bankruptcy relief in Delaware, listing more than $100 million in liabilities and less than $10 million in assets.
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February 09, 2026
Eddie Bauer Retail Operator Hits Ch. 11 With $1B+ Debt
Eddie Bauer LLC, a retail operator for the outdoor apparel brand, sought Chapter 11 protection early Monday in New Jersey bankruptcy court, reporting more than $1 billion in liabilities and listing more than 100,000 creditors.
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February 06, 2026
Food Logistics Co. Can't Ditch Suit Over Toxic Fruit Pouches
Parents who allege their child suffered injuries from a fruit purée pouch that allegedly contained unsafe lead levels can pursue claims against the company they say designed the pouch, but strict liability and express warranty cannot be among them, an Illinois federal judge said.
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February 06, 2026
Ch. 11 Judge Urged To Suspend 'Dictatorial' FAT Brands CEO
FAT Brands creditors asked a Texas bankruptcy judge Thursday to suspend the restaurant franchiser's CEO Andrew Wiederhorn, arguing that within days of filing Chapter 11, Wiederhorn sold $3.1 million in equity without court approval, proving he's "dictatorial" and is "incapable of distinguishing a public company's property from his own."
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February 06, 2026
Imerys Insurers Make Final Stand Against Ch. 11 Plan
Parties supporting Imerys Talc America Inc. and Cyprus Mines Corp.'s joint Chapter 11 plan squared up one last time against dissenting insurers in Delaware bankruptcy court Friday, each side hoping to win a fight over the treatment of foreign tort claims that derailed a confirmation in April.
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February 06, 2026
Linqto Gets OK For Ch. 11 Plan With Stock Deal
A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.
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February 06, 2026
Contractor Owner Fights Perjury Charges Tied To Bankruptcy
The owner of a bankrupt government contractor has asked a Delaware federal court to throw out a perjury indictment against her, arguing federal prosecutors criminalized what she said were good faith, and in some cases accurate, disclosures made during a fast-moving bankruptcy case
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February 06, 2026
3rd Circ. Remands J&J Unit's Libel Suit Over Talc Study
Johnson & Johnson's talc liability unit will get another chance to pursue libel claims against a scientist over an article she wrote linking talcum power to mesothelioma, after the Third Circuit agreed to send the case back to New Jersey federal court.
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February 06, 2026
TPG Hid Exactech Defects To Dodge Liability, Trust Alleges
The settlement trust of joint implant maker Exactech filed a billion-dollar lawsuit in Delaware Chancery Court against TPG Inc., accusing the private equity firm of controlling Exactech after buying it in 2018, concealing the implants' defects, delaying product recalls and pushing the company into Chapter 11 to avoid liability.
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February 06, 2026
NJ Watchdog Must Give Up Files In Hospital Row
A New Jersey federal judge has refused to disturb a magistrate judge's decision compelling a state watchdog to turn over documents from its inquiry into CarePoint Health Systems Inc., rejecting the agency's bid to shield its files with grand-jury-like secrecy and reaffirming that federal privilege law governs discovery disputes in federal court.
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February 06, 2026
Beasley Allen Disqualified From NJ Talc Multicounty Litigation
A New Jersey state appeals court disqualified the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, ruling Friday that a former Faegre Drinker Biddle & Reath LLP lawyer's collaborative efforts with the firm's attorneys violated ethics rules.
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February 05, 2026
Buffalo Diocese Abuse Settlement Rises To $315M In Ch. 11
The Roman Catholic Diocese of Buffalo is making progress in settling roughly 900 claims of child sexual abuse, with the financial settlement approaching $315 million, counsel for the unsecured creditors committee in the diocese's Chapter 11 case announced Thursday.
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February 05, 2026
Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension
A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.
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February 05, 2026
Cano Health CEO Accused Of Misleading $30M Share Buyer
The former chief operating officer of Cano Health Inc. told a Florida state court that ex-CEO Marlow Hernandez misled him into buying $30 million worth of shares in the company despite knowing it was on the brink of insolvency.
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February 05, 2026
FAT Brands Seeks OK To Use Subsidiary Stock Sale Cash
FAT Brands is asking a Delaware bankruptcy judge for permission to use the proceeds from a sale of new shares in one of its subsidiary restaurant chains, saying it needs the more than $3 million in cash to fund its Chapter 11 case.
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February 05, 2026
Defunct Gov't Contractor Found In Contempt Of Asset Freeze
The U.S. Bankruptcy Court for the District of Delaware has held the owners and affiliates of a defunct government contractor in contempt for violating a court-ordered asset freeze, concluding that they improperly sold a Missouri property that had been expressly barred from transfer while a $14 million clawback suit proceeds.
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February 05, 2026
Nicklaus Golf Co. Gets $50M Baseline Bid For Licensing Biz
A $50 million offer from brand manager Iconix International will be the baseline bid for a Chapter 11 auction of licensing rights for golf legend Jack Nicklaus' name, rights holder GBI Services has told a Delaware bankruptcy judge.
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February 05, 2026
Retailer Francesca's Hits Ch. 11 To Support Wind-Down
Francesca's, a women's clothing boutique, filed for Chapter 11 bankruptcy relief Thursday in New Jersey to support an orderly store closing and wind-down of its business.
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February 04, 2026
American Signature Furniture Gets Ch. 11 Sale OK In Del.
The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they emerged as the sole bidders in the company's Chapter 11 sale in Delaware.
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February 04, 2026
Insurer Objects To $8M Claim Deal In Albany Diocese Ch. 11
Lloyd's Of London and other insurers objected Tuesday to a motion from the bankrupt Roman Catholic Diocese of Albany, New York, seeking to allow an $8 million judgment in favor of an individual abuse claimant, saying the proposal runs afoul of an earlier order of the bankruptcy court prohibiting such judgments.
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February 04, 2026
Hartford HealthCare Must Provide Docs On $86M Takeovers
Hartford HealthCare Corp. must hand over internal documents detailing its $86.1 million acquisitions of two hospitals from bankrupt Prospect Medical to a group of plaintiffs who accuse the health system of trying to create a monopoly for inpatient hospital services, a Connecticut state court judge has ruled.
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February 04, 2026
First Brands Creditors Seek To Hire Nardello For Fraud Probe
First Brands Group's unsecured creditors urged a Texas bankruptcy judge to let them retain Nardello & Co. as a forensic financial adviser and assist with their investigation into the "pervasive looting and fraud" that they allege precipitated the auto parts maker's Chapter 11 case.
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February 04, 2026
Shipping Co. Eletson Can Seek Arrest Of Ex-Officials
A New York bankruptcy judge on Wednesday allowed shipping group Eletson Holdings Inc. to seek the arrest and incarceration of former Eletson directors and others who the company says have failed to appear at court-ordered depositions.
Expert Analysis
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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Special Committees Gain Traction In Chapter 11 Investigations
Excerpt from Practical Guidance
Tara Pakrouh at Morris James discusses why special committees are becoming more common in Chapter 11 bankruptcies, how they've been used in real cases and what makes them effective.
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Litigation Inspiration: How To Respond After A Loss
Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.
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The Metamorphosis Of The Major Questions Doctrine
The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.
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Ch. 7 Ruling Is Warning For Merchant Cash Advance Providers
A New York bankruptcy court’s recent ruling in favor of a Chapter 7 trustee for the bankruptcy estate of JPR Mechanical shows merchant cash advance providers why superficial agreement labels will not shield against preference liability, and serves as a guidepost for future contract drafting, say attorneys at Eversheds Sutherland.
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Series
Playing Mah-Jongg Makes Me A Better Mediator
Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.
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Series
Law School's Missed Lessons: Navigating Client Trauma
Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.
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Opinion
4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How Attys Can Use AI To Surface Narratives In E-Discovery
E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.
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Opinion
GENIUS Act Could Muck Up Insolvency Proceedings
While some of the so-called GENIUS Act's insolvency provisions are straightforward, others run the risk of jeopardizing the success of stablecoin issuers' insolvency proceedings and warrant another look from Congress, say attorneys at Morgan Lewis.
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Series
Playing The Violin Makes Me A Better Lawyer
Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.
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Series
Law School's Missed Lessons: Practicing Self-Care
Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard at MG+M.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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Series
My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.