Bankruptcy

  • January 09, 2026

    Buffalo Diocese Says It Needs Opt-Out Ch. 11 Releases

    The Roman Catholic Diocese of Buffalo on Friday told a New York bankruptcy judge that a U.S. Trustee's Office proposal that it be required to obtain affirmative consent for claims releases in its Chapter 11 plan would doom more than $200 million in settlements.

  • January 09, 2026

    Prison Phone Co. Hits Ch. 11 After Judgment In Trust Feud

    Smart Communications, which provides phone and messaging services for inmates in prisons across the country, has filed for Chapter 11 protection in Florida bankruptcy court facing an at least $42 million judgment tied to a dispute with a family trust over ownership of the company.

  • January 09, 2026

    First Brands Sues Ex-CEO's Brother, Lender For $2.9B Fraud

    First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First Brands and Onset that let them reap triple-digit returns and $2.9 billion in cash.

  • January 09, 2026

    Biz Owner's RICO Suit Says 5 Calif. Attys Helped Loot IT Co.

    A business owner has filed a lawsuit accusing five attorneys from five different small California law firms of conspiring with his ex-business partner to steal assets from a company the two had jointly owned.

  • January 09, 2026

    Sanchez Energy Lenders Float Deal To End Ch. 11 Lien Fight

    The owners of the reorganized equity in oil driller Sanchez Energy proposed a deal Friday in Texas bankruptcy court that will end lien-related litigation with unsecured creditors by paying $8.5 million of legal fees incurred by representatives for those creditors in the fight over rights to equity recoveries in the Chapter 11 case.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

Expert Analysis

  • Series

    Nature Photography Makes Me A Better Lawyer

    Author Photo

    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.

  • Series

    Law School's Missed Lessons: Practical Problem Solving

    Author Photo

    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.

  • Opinion

    A Uniform Federal Rule Would Curb Gen AI Missteps In Court

    Author Photo

    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.

  • Series

    The Law Firm Merger Diaries: Integrating Practice Groups

    Author Photo

    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.

  • Receivership Law May Streamline Real Estate Sales In Illinois

    Author Photo

    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.

  • Opinion

    Supreme Court Term Limits Would Carry Hidden Risk

    Author Photo

    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.

  • Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave

    Author Photo

    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.

  • Series

    Knitting Makes Me A Better Lawyer

    Author Photo

    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

    Author Photo

    Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.

  • Series

    The Biz Court Digest: Welcome To Miami

    Author Photo

    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • What Law Firm Liability Risks In 2025 Signal For Year To Come

    Author Photo

    Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

    Author Photo

    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

    Author Photo

    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

    Author Photo

    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

    Author Photo

    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Bankruptcy archive.