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Bankruptcy
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November 13, 2025
Silvergate Bank Parent Gets OK For Ch. 11 Plan
A Delaware bankruptcy judge on Thursday approved the Chapter 11 plan of the parent company of failed cryptocurrency-focused Silvergate Bank after hearing the company had resolved all objections to the proposal.
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November 13, 2025
MVP: Sullivan & Cromwell's James Bromley
James Bromley, a partner at Sullivan & Cromwell LLP, has handled some of the country's largest and most complex bankruptcy cases in the past year — including FTX Trading Ltd., SVB Financial Group and Diamond Sports, representing Major League Baseball — earning him a spot as one of the 2025 Law360 Bankruptcy MVPs.
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November 13, 2025
Mining Co. Digs At Friend Turned Foe In $7.38B Citgo Battle
A Bermuda mining company has sued a Canadian counterpart in the Delaware Chancery Court for allegedly using insider information from a confidential bidding alliance to switch sides in a court-run auction of Citgo Petroleum's parent company.
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November 13, 2025
Efforts To DQ Judge In Venezuelan Debt Case Come Up Short
A federal judge on Thursday denied efforts to unseat him and the court-appointed special master overseeing the sale of Citgo's parent company to satisfy billions of dollars in Venezuelan debt, ruling that the motions are both procedurally defective and unmeritorious.
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November 12, 2025
Purdue Kicks Off Ch. 11 Confirmation With Plan Overview
Bankrupt OxyContin maker Purdue Pharma began its Chapter 11 confirmation trial Wednesday with an overview of its latest plan and the myriad settlements that underpin the proposal, including a $6.5 billion commitment from the company's owners.
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November 12, 2025
Yellow To Get Ch. 11 Plan Ruling Next Week Amid MFN Row
A Delaware bankruptcy judge announced Wednesday that he will issue a ruling on Yellow Corp.'s Chapter 11 plan next week, saying he needed time to consider arguments brought by a major shareholder that the trucking company's plan doesn't treat certain creditors better than a Chapter 7 liquidation would.
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November 12, 2025
Oakland Diocese Gets Another 2 Weeks For Plan Talks
A California bankruptcy judge agreed Wednesday to postpone dismissing the Roman Catholic Diocese of Oakland's Chapter 11 case for two more weeks, after a mediator overseeing plan discussions said there was a "light at the end of the tunnel."
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November 12, 2025
Pine Gate Gets $800M+ DIP After Revising Rollup
A Texas bankruptcy judge signed an order authorizing solar energy developer Pine Gate Renewables to roll up about $800 million in debt as part of its postpetition funding, after declining an earlier proposal that would have rolled up $1.4 billion on an interim basis.
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November 12, 2025
MVP: Paul Hastings' Jayme Goldstein
Jayme Goldstein, the co-chair of Paul Hastings' restructuring group, has represented creditors with billions of dollars in claims to negotiate and defend restructuring support agreements behind the complex Chapter 11s of broadcaster Diamond Sports, The Container Store and retail brand owner Franchise Group, earning him recognition as one of the 2025 Law360 Bankruptcy MVPs.
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November 12, 2025
Edelson Enters 'Clean' Dismissal In Girardi Atty Case
Edelson PC has submitted a "clean and unadulterated" dismissal of its conversion case against two former attorneys from the now-defunct law firm Girardi Keese after an Illinois federal judge took issue with a previous version of the stipulation.
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November 10, 2025
Law360 MVP Awards Go To Top Attorneys From 76 Firms
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
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November 10, 2025
Boy Scouts Trustee Pushes Back On $31.2M Claim
The trustee overseeing the distribution of funds to sex assault victims in the Boy Scouts of America bankruptcy is opposing negotiations with a man who holds what could be a $31.2 million claim — possibly the biggest single claim so far — saying that procedures require him to take his claim to court instead.
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November 10, 2025
Hotel Operator Sonder Announces Wind-Down, Liquidation
San Francisco-based hotel company Sonder said Monday it will immediately wind down operations and file for a Chapter 7 liquidation, one day after Marriott announced it ended an affiliation the hotel chain began with Sonder a year earlier.
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November 10, 2025
Utah Enviro Agency Objects To US Magnesium Transaction
Utah's environmental regulatory agency has asked a Delaware bankruptcy judge to reject US Magnesium's asset sale agreement, saying a buyer should be bound by the same responsibilities as the debtor.
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November 10, 2025
Sunnova Ch. 11 Wind-Down Approved Over Release Objection
The Chapter 11 liquidation plan of solar panel company Sunnova Energy International received bankruptcy court approval Monday in Texas after a judge overruled objections to third-party releases raised by the U.S. Trustee's Office.
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November 10, 2025
Justices Won't Hear Serta Simmons Ch. 11 Plan Challenge
The U.S. Supreme Court declined Monday to take up a challenge by Serta Simmons lenders to a Fifth Circuit ruling last year that rejected the mattress maker's controversial "uptier" debt exchange, choosing not to consider whether the appellate court erred in altering Serta's Chapter 11 plan without allowing a new vote on it.
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November 07, 2025
Ex-Exec Of Cannabis Co. Wins $104M Over Canceled Stock
A New Mexico jury has awarded over $104 million to a businessman it found was wrongly stripped of his 5 million shares of bankrupt cannabis processor Bright Green after a handshake deal to bring him on as CEO fell apart.
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November 07, 2025
Real Estate Recap: Mamdani, Immigration, Q3 Debrief
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate reactions to the election of Zohran Mamdani as mayor of New York City, how condo attorneys are bracing for a surge in immigration enforcement and third-quarter takeaways across asset classes.
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November 07, 2025
Judge Fears FTX-Size Probe In First Brands Ch. 11
A Texas bankruptcy judge signaled Friday that the investigation required in the bankruptcy case of auto parts maker First Brands might be as complex as that of FTX Trading Ltd. as he fielded calls for a Chapter 11 examiner.
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November 07, 2025
Ex-Lordstown Execs Fight Bankruptcy Reserve Cut
Former executives of bankrupt Ohio electric vehicle manufacturer Lordstown Motors urged a Delaware bankruptcy judge to preserve a key financial cushion in the company's post-bankruptcy claims reserve, arguing that the reorganized debtor is improperly seeking to reduce the protections negotiated for unresolved indemnification and defense-cost claims.
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November 07, 2025
Chancery Denies Ruling Stay In Caribevision Control Dispute
Two camps battling over control of Delaware-chartered television network Caribevision both lost postjudgment rulings Friday on motions to undo parts of a Court of Chancery decision last month intended to resolve control of the self-described media "eyes and ears of the Caribbean."
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November 07, 2025
Solar Co. Pine Gate Hits Ch. 11 With $1B+ Debt, Sale Plan
Solar energy developer Pine Gate Renewables has filed for Chapter 11 protection in a Texas bankruptcy court with more than $1 billion in debt and a plan to sell its business during the case.
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November 06, 2025
Core Scientific Reaches $14.75M Deal With SPAC Investors
Bankrupt cryptocurrency miner Core Scientific has reached a $14.75 million agreement to settle proposed class action claims brought by an investor in the special purpose acquisition company that made a $4.3 billion deal to bring the miner public via merger.
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November 06, 2025
Luxury Developer Five Star Told To Review Competing DIP
At a first-day hearing Thursday, a Texas bankruptcy judge asked debtor Five Star Development LLC to consider an alternative Chapter 11 financing package from a prepetition lender it has accused of fraud and return to court Friday.
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November 06, 2025
Tom Girardi's Brother, Bankruptcy Trustee Settle Legal Fees
The brother of disgraced attorney Tom Girardi and the trustee for their now-defunct law firm, Girardi Keese, have reached an agreement resolving John Girardi's claim seeking legal fees for cases he worked on after leaving the firm, the trustee told the California bankruptcy court.
Expert Analysis
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Series
Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Series
Volunteering At Schools Makes Me A Better Lawyer
Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Series
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Series
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Series
Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.