Bankruptcy

  • February 02, 2026

    Businessman Fights Sanctions In $500M Miss America Feud

    Attorneys for a Florida businessman locked in a $500 million dispute over the ownership of the Miss America pageant urged a federal judge Monday not to sanction their client for filing allegedly false documents, arguing they withdrew the documents once they were notified of questions about their authenticity.

  • February 02, 2026

    Investment Firm Hits Ch. 11 In Delaware With $100M+ Debt

    Two companies, investment company Michal International Investment LLC and MII Aviation Services LLC, filed for bankruptcy in Delaware, listing liabilities of at least $10 million and $100 million, respectively.

  • February 02, 2026

    Colo. Hotel Owners Accused Of Owing Nearly $14M On Loan

    A lender accused two real estate investors in Colorado state court of defaulting on a nearly $30 million loan and violating its terms by entering into property transfers with affiliates without approval.

  • February 02, 2026

    Label Maker Can Tap Ch. 11 DIP After Judge Trims Rollup

    A New Jersey bankruptcy judge on Monday granted interim approval for global label maker Multi-Color Corp. to tap into post-petition financing, yet he halved the amount of money that lenders can initially roll up due to concerns about the value of collateral securing some first-lien claims.

  • February 02, 2026

    Honeywell Faces Bid For Fee Advancement In Russia Case

    The Delaware Chancery Court on Monday heard a sharply contested argument over whether a former Honeywell executive is entitled to advancement of legal fees tied to Russian insolvency and customs proceedings, as well as "fees on fees," in a dispute that turned less on the underlying foreign matters than the mechanics of Delaware advancement law.

  • February 02, 2026

    Data Co. Seeks Liquidation With $194M Debt

    Marketing research company Premise Data has filed for Chapter 7 liquidation in Delaware bankruptcy court, listing $194 million of debt and seeking to wind down after selling what it says was the most viable portion of its business.

  • February 02, 2026

    Fenwick Reaches Deal In FTX Crypto Scam Suit

    Fenwick & West LLP and victims of the infamous FTX Trading Ltd. cryptocurrency scam are working toward a settlement in a case over the firm's alleged role in the trading platform's collapse.

  • February 02, 2026

    Ropes & Gray Hires 4 Restructuring Attys From Fried Frank

    Ropes & Gray LLP announced on Monday that its new global restructuring group chair is a former Fried Frank Harris Shriver & Jacobson LLP partner who arrives at the firm alongside three of her colleagues.

  • February 02, 2026

    Urgent Care Co. Carbon Health Hits Ch. 11 With $100M+ Debt

    Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.

  • February 02, 2026

    Oilfield Co. Nine Energy Hits Ch. 11 To Cut $320M In Debt

    Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.

  • January 30, 2026

    Atty Defends Retyped Docs In $500M Miss America Feud

    A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not false but retyped versions of the originals after his laptop was stolen on a trip to Ecuador.

  • January 30, 2026

    Real Estate Recap: Build-To-Rent, Apollo, Boston

    Catch up on this past week's key developments by state from Law360 Real Estate Authority — including takeaways for the build-to-rent sector following a recent executive order on Wall Street investment in the single-family market, Apollo REIT's $9 billion portfolio sale, and a view of Boston from the chair of a BigLaw real estate practice.

  • January 30, 2026

    Creditors Given Weekend To Review Saks Off 5th Closures

    A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but not until Monday at the earliest.

  • January 30, 2026

    Fannie Mae Blasts Bid To Regain Minn. Apartment Control

    Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, given that it's already copped to misappropriating rents mid-bankruptcy proceedings.

  • January 30, 2026

    Reed Smith Brings On Gibson Dunn In $102M Award Feud

    Reed Smith LLP has told a New York federal court that it has retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture involving international shipping company Eletson Holdings.

  • January 30, 2026

    Boies Schiller Lands Grant & Eisenhofer Bankruptcy Leader

    Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.

  • January 29, 2026

    J&J, Talc Unit Get Patients' Bankruptcy Fraud Claims Tossed

    A New Jersey federal judge Thursday tossed a proposed class action brought by cancer patients who allege that Johnson & Johnson's maneuvers to settle thousands of tort claims through Chapter 11 involved fraud, saying the plaintiffs have not asserted an injury that confers standing to sue.

  • January 29, 2026

    Ex-Synapse Compliance Chief Settles FINRA Supervisory Case

    The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.

  • January 29, 2026

    Luminar Sues Semiconductor Co. To Recover On $2.2M Loan

    Bankrupt self-driving vehicle technology developer Luminar Technologies has hit Next Semiconductor with a suit in Texas bankruptcy court alleging the chipmaker has defaulted on a $2.2 million loan while "wrongly" suggesting Luminar's Chapter 11 proceedings somehow exempt it from paying the debt. 

  • January 29, 2026

    Wolfspeed Says Jaguar Land Rover Reneged On Supply Deal

    North Carolina-based chipmaker Wolfspeed Inc. has accused Jaguar Land Rover of refusing to pony up payments under a supply agreement for allegedly underbuying products last year, saying the automotive giant can't use slowdowns elsewhere as an excuse for its nonpayment.

  • January 29, 2026

    NASCAR Supplier Accuses Brembo Of Extortion Over Debt

    A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owned by the distributor's majority shareholder, a North Carolina federal court heard.

  • January 29, 2026

    Saks To Close 57 Saks Off 5th Stores In Bankruptcy

    Saks Global announced Thursday it would close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores as the company attempts to turn around its business in Chapter 11.

  • January 29, 2026

    Bankruptcy Group Of The Year: Paul Weiss

    Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state regulators, earning the firm a place among the 2025 Law360 Bankruptcy Groups of the Year.

  • January 29, 2026

    Former First Brands Execs Indicted On Fraud Charges

    Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.

  • January 29, 2026

    Mo. Packaging Co. Files For Ch. 11 To Reduce Debt By $900M

    Missouri-based packaging company Pretium Packaging LLC filed for Chapter 11 in a New Jersey bankruptcy court, with a prepackaged plan of reorganization aimed at reducing the company's funded debt by more than $900 million.

Expert Analysis

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Series

    Quilting Makes Me A Better Lawyer

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    Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

  • 5 Critical Changes Coming To Bankruptcy Rule 3002.1

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    Residential mortgage lenders and servicers should prepare for significant amendments to Bankruptcy Rule 3002.1 taking effect this December that will impose new filing requirements, codify how creditors handle untimely payment change notices and allow debtors to request status updates, say attorneys at Bradley Arant.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • State AGs Are Turning Up The Antitrust Heat On ESG Actions

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    Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis.

  • Rebuttal

    BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

  • 5 Ways Lawyers Can Earn Back The Public's Trust

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    Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • Asbestos Trusts And Tort Litigation Are Still Not Aligned

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    A recent ruling by a New York state court in James Petro v. Aerco International highlights the inefficiencies that still exist in asbestos litigation — especially regarding the continued lack of coordination between the asbestos tort system and the well-funded asbestos trust compensation system, says Peter Kelso at Roux.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

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