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Bankruptcy
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January 22, 2026
Pa. Justices Say Chester Can't Move Utility Assets Alone
The Supreme Court of Pennsylvania has declared that the city of Chester lost the ability to single-handedly reclaim the assets of its water utility when the composition of the authority's board changed.
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January 22, 2026
SpaceX Eyes IPO, Spirit Mulls PE Owner, And Other Rumors
Elon Musk's SpaceX is putting together a group of Wall Street investment banks for a potential IPO, Spirit Airlines is in talks with investment firm Castlelake to help lead it out of bankruptcy, and OpenAI CEO Sam Altman looks to the Middle East to potentially raise tens of billions of dollars.
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January 22, 2026
Brooklyn Apartments Hit Ch. 11 Amid Mortgage Default
Three Brooklyn apartment buildings — containing roughly 150 units and collectively owing about $23 million in unpaid mortgage debt, interest and fees — have filed for Chapter 11 protection in New York bankruptcy court.
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January 22, 2026
Roomba Maker IRobot Gets Ch. 11 Plan Approved
A Delaware bankruptcy court Thursday gave final confirmation of a Chapter 11 plan proposed by iRobot Corp., the maker of the Roomba robot vacuum, that calls for eliminating $257 million in debt and transferring ownership of the company to its secured creditor.
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January 22, 2026
Cadwalader Fund Finance Partner Joins King & Spalding
A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.
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January 22, 2026
Nevada Solar Project Files Ch. 11 For 2nd Time In 5 Years
A Nevada solar project is seeking Chapter 11 protection in a Delaware bankruptcy court with more than $180 million in debt, saying the same technical issues that sent it into bankruptcy in 2020 have kept it from operating at full power.
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January 21, 2026
BCBS Says Bankrupt Hospital Can't Leave $3B Antitrust Deal
Blue Cross Blue Shield is opposing a bankrupt Alabama hospital's bid to opt out of a $2.8 billion antitrust class action settlement to pursue its own claims in bankruptcy court, arguing the hospital has no excuse for missing the deadline.
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January 21, 2026
Willkie Hires Chicago Restructuring Partner From Kirkland
Willkie Farr & Gallagher LLP has announced it has engaged an attorney from Kirkland & Ellis LLP to join the firm as a partner based in its Chicago office, where it anticipates he will make a successful contribution to a growing corporate restructuring platform.
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January 21, 2026
Experts Can Testify On Cancer Link In J&J Talc Suits
A special master has said experts for the tens of thousands of women whose suits in New Jersey federal court allege that Johnson & Johnson talc products caused their ovarian cancer can testify at trial about the causal connection between their disease and use of the products.
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January 21, 2026
CFIUS Review Could Delay IRobot Ch. 11 Deal, DOJ Warns
The Department of Justice has notified the Delaware bankruptcy court that an evaluation of Roomba maker iRobot's proposed Chapter 11 plan transactions by the Committee on Foreign Investment in the U.S. could postpone those deals on the eve of a plan confirmation hearing.
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January 21, 2026
Anthology Lender Says It Should Get Indemnity In Ch. 11 Plan
A creditor of Anthology Inc. has asked a Texas bankruptcy judge to reject the educational technology company's Chapter 11 plan, saying it doesn't provide for money Anthology owes for the creditor's defense against a suit launched by an Anthology affiliate.
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January 21, 2026
Jefferies Steered Feds To $200M Water Ponzi Case, Judge Told
Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Manhattan U.S. attorney's office, a federal judge heard Wednesday.
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January 21, 2026
Revised Imerys Ch. 11 Plan Heading For Feb. 2 Hearings
Imerys Talc, Cyprus Mines and some of their insurance carriers on Wednesday gave a preview of upcoming confirmation hearings on a joint Chapter 11 plan, with the talc companies arguing before a Delaware bankruptcy judge that the revised plan sufficiently protects insurer rights.
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January 20, 2026
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.
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January 20, 2026
SF Diocese's Ch. 11 Abuse Claims Not Covered, Insurers Say
The Archdiocese of San Francisco knew or should have known about sexual abuse allegations against its clergy dating back decades, two insurance companies have argued in a California bankruptcy court lawsuit over policy coverage.
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January 20, 2026
9th Circ. Revives Malpractice Suit Against Bankruptcy Atty
The Ninth Circuit Tuesday reinstated a California woman's malpractice lawsuit against her bankruptcy attorney, but said the bankruptcy court needs to significantly narrow the permission to sue it granted to the debtor.
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January 20, 2026
FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss
The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.
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January 20, 2026
McDonald Hopkins Forms Practice Group For Law Firm MSOs
Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natural extension of its work on litigation funding deals and private equity investment in other professional services.
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January 20, 2026
Justices Set Time Limit To Ax Judgments, Ending 11-1 Split
Almost every circuit court has wrongly allowed litigants to vacate invalid judgments regardless of how long ago the judgments became final, the U.S. Supreme Court ruled Tuesday, endorsing one circuit's outlier interpretation of a decades-old procedural rule.
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January 16, 2026
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
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January 17, 2026
Real Estate Recap: Cannabis Landlords, Global Deals, ACREL
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how potential changes to federal marijuana regulation could affect landlords, the largest global real estate deals of 2025, and a chat with the new president of the American College of Real Estate Lawyers.
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January 16, 2026
OCC's Gould Takes Aim At Resolution Planning 'Industry'
A top federal regulator called Friday for a sweeping rethink of rules intended to ensure big, complex banks can be safely wound down in a crisis, including potentially ending requirements to file so-called living wills with the Federal Deposit Insurance Corp.
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January 16, 2026
Kirkland, Ex-Judge Hit With Class Action Over Texas Romance
An investment firm is suing Kirkland & Ellis LLP, an ex-judge, two other law firms and a lawyer for allegedly fomenting "mass corruption" in Houston's bankruptcy court and colluding to enrich themselves by controlling the outcome of large Chapter 11 cases.
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January 16, 2026
SEC Fines 'Cash Flow King' Podcaster $3M For Ponzi Scheme
A podcast host dubbed the "Cash Flow King" will pay $3.3 million to settle claims that he ran a multiyear Ponzi scheme that cheated investors out of $11 million through bogus real estate investments, the U.S. Securities and Exchange Commission announced Friday.
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January 16, 2026
Pinnacle Ch. 11 Buyer's Repair Pledge Enough For Sale OK
A New York bankruptcy judge approved the $451 million sale of 93 properties in the Chapter 11 case of real estate entities affiliated with Pinnacle Group, saying the buyer's plan to invest $30 million in repairs and maintenance for the buildings is enough to adequately assure residents it will perform its management obligations.
Expert Analysis
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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The Bankruptcy Risks Inherent In AI Data Center Power Deals
While the construction of data centers that fuel artificial intelligence continues to accelerate, some potential risks to their business model and the power supply arrangements they rely on appear on the horizon, says Mark Sherrill at Chamberlain Hrdlicka.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.
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3 Notable Developments In Ch. 15 Bankruptcy This Year
Several notable Bankruptcy Code Chapter 15 decisions from 2025 warrant review, including rulings that clarified the framework of Chapter 15 surrounding nonparty releases, reinforced the principles of a debtor's center of main interest in the face of extensive mass tort litigation, and reviewed synthetic cross-border proceedings, say attorneys at Troutman.
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Series
Nature Photography Makes Me A Better Lawyer
Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.
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Series
Law School's Missed Lessons: Practical Problem Solving
Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.
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Opinion
A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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Series
The Law Firm Merger Diaries: Integrating Practice Groups
Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.
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Receivership Law May Streamline Real Estate Sales In Illinois
The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receivers' sales of commercial real estate and will make the process easier for parties including receivers, special servicers and commercial real estate lenders, say attorneys at Troutman.
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Opinion
Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave
The Trump administration's tariff regime has reshaped the commercial restructuring landscape this year, with an increased number of bankruptcy filings showing how tariffs are influencing first‑day narratives, debtor-in-possession terms and case strategies, say attorneys at Thompson Hine.