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Bankruptcy
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January 08, 2026
Venezuela Says Citgo Auction Marred By Conflicts
Venezuela pressed the Third Circuit Thursday to overturn an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, arguing that the underlying attachment orders are void and that the proceeding was marred by "obvious" conflicts of interest.
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January 08, 2026
Wolfspeed Securities Class Action Sent To NC Federal Court
A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections.
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January 08, 2026
Conn. Steel Firm's Counsel Shuffle Averts Ch. 11 Meltdown
A Connecticut bankruptcy judge Thursday allowed a steel company to replace its counsel at Pullman & Comley LLC after failing to pay the firm more than $389,000 in fees and expenses, avoiding a possible dismissal of the Chapter 11 case.
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January 08, 2026
Azul SA To Canvas Market For $1.2B In Ch. 11 Exit Funding
Brazilian airline Azul SA secured a New York bankruptcy judge's approval Thursday to hire investment banks to help search for alternatives to $1.2 billion in exit financing offered by its Chapter 11 lenders, about one month after the judge confirmed Azul's bankruptcy plan.
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January 08, 2026
Judge Says He'll Approve Ideanomics Plan After Revisions
A Delaware bankruptcy judge said Thursday that he will approve the Chapter 11 liquidation plan for electric vehicle technology company Ideanomics Inc. once an injunction barring future claims in the plan is narrowed in scope.
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January 08, 2026
Delaware Judge Sends Employee Stock Dispute To Trial
The Delaware Chancery Court has refused to let either side bypass an upcoming trial in a dispute between autonomous-robotics company Seegrid Corp. and former employees over the forced repurchase of stock options, concluding that the case is too fact-intensive for summary judgment and should instead be resolved through live testimony.
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January 07, 2026
Tricolor Ex-CEO Must Take Questions At Creditor Meeting
A Texas bankruptcy judge on Wednesday said the former chief executive of bankrupt subprime car loan lender Tricolor Holdings will have to appear at a creditor meeting despite his argument that he won't be able to answer questions without incriminating himself in his fraud trial.
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January 07, 2026
First Brands' Ex-Execs Can Tap Only Some D&O Coverage
A Texas bankruptcy judge Wednesday allowed former First Brands executives to access about half of the company's directors and officers insurance to help pay for their legal fees as they face misconduct claims, ruling that the remainder of the proceeds are property of the car parts maker's bankruptcy estate.
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January 07, 2026
Incora Minority Noteholders To Appeal 'Uptier' Loss
Minority noteholders that lost collateral rights in a 2022 financing deal at aircraft parts supplier Incora will appeal a decision by a Texas federal judge that had upheld the debt exchange, according to a notice filed Tuesday.
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January 07, 2026
Belgian Restaurant Chain Files For Ch. 11 In Ohio
Taste of Belgium Rookwood LLC launched a streamlined Chapter 11 in Ohio bankruptcy court late on Tuesday, reporting about $156,000 in assets against $3 million in liabilities and aiming to stabilize its remaining three-site business.
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January 07, 2026
Expedia Wants Singapore's Help Getting Docs In Rival's Suit
Expedia asked a Washington federal judge to help it seek assistance from Singapore's court system to get documents from Trip.com, saying the discovery is pertinent in an antitrust case brought by representatives for a defunct Swiss competitor.
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January 07, 2026
Genesis Cleared For New Ch. 11 Auction And Stalking Horse
Nursing home operator Genesis Healthcare may hold a new Chapter 11 auction with a fresh stalking horse offer worth nearly $1 billion, a Texas bankruptcy judge ruled Wednesday, a month after she nixed the results of its previous auction.
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January 07, 2026
New Mexico Nursing Facility Files Ch. 11
The operator of a 369-bed skilled nursing facility in Albuquerque, New Mexico, has filed for Chapter 11 protection in a Florida bankruptcy court with more than $1 million in debt and has been granted joint administration with its already-bankrupt management affiliate.
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January 06, 2026
6 Key Rulings From Outgoing Del. Justice Karen L. Valihura
Soon-to-be-retiring Delaware Supreme Court Justice Karen L. Valihura carved her name deeply into First State corporate law jurisprudence over her dozen years on the bench, at a time of surging caseloads and intensifying political scrutiny of the business court where many of the country's largest corporate battles are waged.
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January 06, 2026
Bankrupt Hospital Wants Out Of $3B BCBS Antitrust Deal
A bankrupt Alabama hospital is asking a federal judge to allow it to drop out of a $2.8 billion antitrust class action settlement with Blue Cross Blue Shield, saying it may be forced to shut down unless it can pursue separate relief in bankruptcy court.
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January 06, 2026
Vectra Bank Claims Lending Co. Owes $4.5M
Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.
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January 06, 2026
DC's Compass Coffee Hits Ch. 11 Amid Rent, Other Disputes
The Washington, D.C.-based coffee chain Compass Coffee filed for Chapter 11 protection Tuesday with at least $11.7 million of estimated liabilities amid rent disputes with landlords, promising to soon disclose plans for an asset sale to a strategic buyer in the global retail coffee business.
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January 06, 2026
NJ Judge Signals Green Light To Revive J&J Unit's Libel Suit
A New Jersey federal judge has indicated she is planning to grant a bankrupt Johnson & Johnson talc subsidiary's bid to revive its trade libel claim over a scientific article linking asbestos in talc to mesothelioma.
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January 06, 2026
PrimaLend Gets OK For Ch. 11 Plan Vote, Bid Procedures
Subprime lender PrimaLend Capital Partners LP on Tuesday received a Texas bankruptcy judge's approval of its request to take votes on a Chapter 11 plan and bidding procedures for an asset sale.
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January 05, 2026
PG&E Inks $100M Deal To Settle Investors' Wildfire Suit
California utility Pacific Gas & Electric Co., its brass and its underwriters have reached a $100 million deal ending investor claims over allegedly misleading statements about the company's safety practices ahead of deadly wildfires in the past decade.
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January 05, 2026
Nicklaus Takes Aim At Bankrupt Golf Co.'s Ch. 11 Loan
Retired professional golfer Jack Nicklaus is opposing the Chapter 11 financing and sale procedures floated by sporting gear and golf course design company GBI Services, saying the business is trying to sell assets that include valuable intellectual property that he owns.
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January 05, 2026
Luminar Says Ex-CEO Won't Cooperate With Ch. 11 Probe
Luminar Technologies, a developer of lidar technology for autonomous vehicles, has told a Texas bankruptcy judge its former chief executive is refusing to cooperate with a subpoena and provide information it needs to investigate potential estate claims.
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January 05, 2026
Tricolor Ex-CEO Fights Bid To Get Him To Creditor Meeting
The ex-CEO of subprime car loan lender Tricolor Holdings is asking a Texas bankruptcy judge to reject a motion to compel him to attend a meeting of the company's creditors, saying he would be unable to answer questions due to the pending criminal charges against him.
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January 05, 2026
Calif. AG Urges Court To Install Trustee For FlipCause Ch. 11
The California Attorney General's Office asked a Delaware bankruptcy judge to appoint a Chapter 11 trustee in the bankruptcy case of fundraising tech company FlipCause, asserting the debtor's case reveals severe mismanagement.
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January 05, 2026
MoFo US Offices Lead 2026 Partner Promotions
More than a dozen attorneys at Morrison Foerster LLP have started the new year with new titles following the firm's Monday announcement of its partner promotions for 2026.
Expert Analysis
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Series
Improv Makes Me A Better Lawyer
Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Opinion
Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Series
Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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23andMe Case Highlights Privacy Complexities In Ch. 11
Attorneys at Pryor Cashman discuss the interplay between a sale of personally identifiable information and bankruptcy law in light of genetics and health company 23andMe's recent filing for Chapter 11 relief.
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Series
Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Series
Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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How Attorneys Can Master The Art Of On-Camera Presence
As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.
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Series
Baseball Fantasy Camp Makes Me A Better Lawyer
With six baseball fantasy experiences under my belt, I've learned time and again that I didn't make the wrong career choice, but I've also learned that baseball lessons are life lessons, and I'm a better lawyer for my time at St. Louis Cardinals fantasy camp, says Scott Felder at Wiley.
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Series
Adapting To Private Practice: From Fed. Prosecutor To BigLaw
Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.
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Perfecting Security Interests In Renewable Energy Tax Credits
The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.
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Firms Still Have Lateral Market Advantage, But Risks Persist
Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.