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Bankruptcy
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January 28, 2026
Record Label Says 2 Live Crew Gave Up Rights In Bankruptcy
A Miami-based record label told an Eleventh Circuit panel Wednesday that a lower court erred in determining rap group 2 Live Crew never gave up termination rights under the Copyright Act, arguing instead that the rights were included in the sale of the records in a 1996 bankruptcy.
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January 28, 2026
Data Co.'s Brass, Top Customer Face SEC 'Round-Trip' Claims
Executives of a now-bankrupt data intelligence company face U.S. Securities and Exchange Commission claims that they conspired with one of the company's biggest customers on a so-called round-trip accounting scheme to overstate the company's revenue and become a more attractive target for a special purpose acquisition company.
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January 28, 2026
First Brands Needs Court OK On $48M From Ford, GM, Polaris
Struggling auto parts maker First Brands Group urged a Texas bankruptcy judge Wednesday to let it borrow $48 million advanced by Ford, General Motors, Harley-Davidson and other customers, saying it needs the funds to stay afloat after running out of debtor-in-possession financing.
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January 28, 2026
Judge OKs Texas Wind Farm Owner's Cash Collateral In Ch. 11
A Texas bankruptcy judge Wednesday allowed a wind farm owner in North Texas to access cash collateral, which would enable the company to operate during Chapter 11 proceedings and move to pursue an asset sale as a going concern.
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January 28, 2026
Bankruptcy Group Of The Year: Quinn Emanuel
Quinn Emanuel Urquhart & Sullivan LLP in 2025 notched wins in novel bankruptcy issues, fending off a Brazilian telecommunication group's bid to ditch its Chapter 15 for Chapter 11 and representing the successful buyer of 23andMe's assets, earning it a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 28, 2026
Bankrupt Alaska Airline Gets First-Day Ch. 11 Nods In Del.
A bankrupt Alaska-based airline landed its first Chapter 11 motion approvals in Delaware on Wednesday, with a U.S. Trustee's Office attorney noting that "this case has some unusual qualities to it," including an absence of revenue.
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January 27, 2026
Chancery Keeps Alive Jefferies Claims In EV Co. SPAC Suit
Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of electric vehicle company Electric Last Mile Solutions Inc.
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January 27, 2026
Mortgage Statements Class Action Tossed, For Now
Bank of New York Mellon and a mortgage servicing company no longer face class action claims that they unfairly sought to collect on second mortgages following a bankruptcy discharge, a Boston federal judge has determined, finding that the suit didn't show that the firms were required to send borrowers periodic statements showing that they still owed money.
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February 02, 2026
Law360 Seeks Members For Its 2026 Editorial Boards
Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.
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January 27, 2026
7th Circ. Probes Firm's Oral Agreement To Fees From Fund
Two Seventh Circuit judges on Tuesday pressed a Ballard Spahr LLP attorney to address why his firm didn't secure in writing that an investment fund would foot the legal bills of one of its officers, as the law firm is arguing to the appellate court that it has a valid claim to legal fees in the fund's bankruptcy proceedings based on an oral agreement.
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January 27, 2026
Investor Group Battles PG&E's $100M Wildfire Suit Deal
A faction of the proposed class members in a securities class action targeting Pacific Gas & Electric Co. have asked the California federal judge overseeing the case to deny a settlement of claims that the company misled investors about its safety practices ahead of deadly wildfires in the past decade.
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January 27, 2026
Offit Kurman Beats Appeal In $40M Malpractice Suit
The Pennsylvania Superior Court has ruled that a lower court properly granted summary judgment in favor of Offit Kurman and two of its lawyers in a legal malpractice case.
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January 27, 2026
Regional Alaska Airline Hits Ch. 11 With $65.7M Of Debt
The parent company of New Pacific Airlines filed for Chapter 11 protection in Delaware on Monday along with several affiliates, listing about $65.7 million of debt and saying its regional Alaskan flight routes proved to be financially unsustainable in the years after the COVID-19 pandemic.
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January 27, 2026
Bankruptcy Group Of The Year: Otterbourg
Otterbourg's bankruptcy attorneys spent 2025 pushing the frontiers of their practice, helping secure the dismissal of Johnson & Johnson's talc unit's bankruptcy plan and achieving confirmation of Purdue Pharma LP's $7.4 billion Chapter 11 plan — earning a spot among the 2025 Law360 Bankruptcy Groups of the Year.
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January 27, 2026
Fatburger Owner FAT Brands Hits Ch. 11 With $1.5B Debt
FAT Brands Inc., the owner of Fatburger and Johnny Rockets, and its affiliates have filed for Chapter 11 protection in a Texas bankruptcy court with $1.45 billion in funded debt, felled by an unsustainable debt load and flagging liquidity.
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January 26, 2026
Ch. 7 Trustee Seeks $59M To Halt Pump Co. Family Transfers
The Chapter 7 trustee overseeing the bankruptcy of pump manufacturer Nash Engineering Co. has demanded a $59.7 million placeholder payment from a sprawling array of family members and trusts connected to the company's owners, saying the myriad defendants need to be stopped from hiding assets from creditors.
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January 26, 2026
Texas Wind Farm Owner Hits Ch. 11 With $108M In Debt
A wind farm owner in North Texas has filed for Chapter 11 protection with $108 million in debt, saying a winter storm in 2021 put it on a path to conflict with a partner in a defunct hedging agreement, with the partner eventually installing leaders to restructure the debtor.
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January 26, 2026
Bankrupt Biz Can't Avoid Pension Obligations, 4th Circ. Says
A defunct construction business owes the International Painters and Allied Trades Industry Pension Fund about $1.6 million, a Fourth Circuit panel said Monday, affirming a lower court's decision that the fund's lawsuit seeking payment was filed on time.
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January 26, 2026
Bankruptcy Group Of The Year: Weil
Weil Gotshal & Manges LLP's bankruptcy attorneys tackled some of the most talked-about cases in 2025, with work that included spearheading First Brands' more than $10 billion Chapter 11 and confirming Steward Health Care's plan, putting the team among the 2025 Law360 Bankruptcy Groups of the Year.
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January 26, 2026
La. Doctor Drops Porzio Bromberg Malpractice Suit In NJ
A Louisiana doctor has dropped his legal malpractice suit against New Jersey firm Porzio Bromberg & Newman PC after the firm moved to dismiss the suit, though the doctor left open the possibility of continuing to pursue claims.
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January 26, 2026
SVB Says FDIC Can't Claim Setoff In $1.9B Fight
The bankrupt parent of the failed Silicon Valley Bank on Monday made its case to the Second Circuit that the Federal Deposit Insurance Corp. lost the right to assert setoff arguments in a fight over $1.9 billion in bank funds by failing to make the argument in SVB's Chapter 11 case.
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January 23, 2026
Real Estate Recap: HUD, Corporate Landlords, Atty Errors
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including how the U.S. Department of Housing and Urban Development may be shifting focus, what President Donald Trump's executive order on investment in single-family homes means for Wall Street, and a look at some of the mistakes made by real estate attorneys.
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January 23, 2026
6th Circ. Won't Revive Bread Financial Investors' Suit
The Sixth Circuit won't resuscitate investor claims against the company now known as Bread Financial Holdings Inc., finding that the suit didn't show how shareholders were misled or defrauded leading up to a corporate spin-off that ended in bankruptcy.
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January 23, 2026
Coinbase Moves To End Suit Over SEC, 'Bankruptcy' Warnings
Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing investors were given enough notice about a U.S. Securities and Exchange Commission investigation and that new Third Circuit rulings undercut the suit's claims.
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January 23, 2026
New Zynex Leaders Acknowledge Fraud Arrests Of Ex-Execs
Corporate leaders of bankrupt medical device maker Zynex Inc. said that they were aware of the federal arrests and indictments of the company's former CEO and chief operating officer earlier in the week but that they are no longer employed by the business and have been removed from any position they previously held.
Expert Analysis
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4 Ways GCs Can Manage Growing Service Of Process Volume
As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.
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Series
The Law Firm Merger Diaries: Forming Measurable Ties
Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.
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Business Considerations Amid Hemp Product Policy Change
With the passage of a bill fundamentally narrowing the federal definition of "hemp," there are practical and business considerations that brands, manufacturers and other parties should heed over the next year, including operational strategies, evaluating contract and counterparty risk, and tax implications, say attorneys at Foley Hoag.
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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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.