Bankruptcy

  • April 02, 2026

    Puerto Rico Bankruptcy Stymies Paul Weiss, ACLU Fee Bids

    American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were discharged in Puerto Rico's bankruptcy proceeding, the First Circuit has ruled.

  • April 02, 2026

    BofA Sues Aequum, First Brands Group Over Inventory Liens

    Bank of America and others have sued troubled auto parts maker First Brands Group and lender Aequum Capital in Texas bankruptcy court, seeking a judgment that the plaintiffs hold liens on inventory that outrank those asserted by Aequum.

  • April 02, 2026

    Del Monte Lenders' Appeal Bid To Be Decided Soon

    A New Jersey bankruptcy judge said Thursday he would decide whether to certify a Del Monte settlement for direct appeal to the Third Circuit based on papers already filed in the case, after the canned food company urged the court to let a lender group's challenge unfold in district court instead.

  • April 02, 2026

    Saks Secures $500M Ch. 11 Exit Deal With Bondholders

    Saks has gotten a commitment from its senior secured bondholders to provide $500 million in exit financing and intends to file a Chapter 11 plan in the coming weeks, the bankrupt retailer announced Thursday.

  • April 01, 2026

    3 Federal Circuit Clashes To Watch In April

    The Federal Circuit argument calendar for this month includes Centripetal Networks' appeal of a decision clearing Cisco of infringing cybersecurity patents after a multibillion-dollar award was thrown out, as well as Ecobee's challenge to an $11.5 million infringement verdict involving smart thermostats.

  • April 01, 2026

    GWG Trust Sues Ankura Consulting Over 'Bogus' Accounting

    The litigation trustee for defunct financial services firm GWG Holdings has sued Ankura Consulting Group in Texas bankruptcy court, accusing it of "knowing (or reckless) facilitation" of a billion-dollar accounting fraud that helped push the insolvent company into Chapter 11.

  • April 01, 2026

    Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M

    The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.

  • April 01, 2026

    Oakland Diocese Yanks Insurance Deals From Newest Plan

    The Roman Catholic Diocese of Oakland, California, told a bankruptcy judge Wednesday it removed $42 million in settlements with insurance carriers from its proposed Chapter 11 plan to eliminate one source of conflict with the committee representing abuse claimants in the case.

  • April 01, 2026

    Fortress Buys Bankruptcy Services Provider Omni

    Investment management firm Fortress has acquired bankruptcy claims and noticing agent Omni, the two companies have announced.

  • April 01, 2026

    Lidar Co. Luminar Cleared To Exit Ch. 11 After Asset Sales

    A Texas bankruptcy judge Wednesday signed off on Luminar's bid to wind down its business and make distributions to creditors in Chapter 11, months after the maker of autonomous-vehicle technology sold most of its assets.

  • March 31, 2026

    Del. Chancery Tosses B. Riley Investor Loss Suit

    The Delaware Chancery Court dismissed a stockholder derivative lawsuit accusing B. Riley Financial Inc. insiders and directors of breaching their fiduciary duties over hundreds of millions of dollars in losses tied to the failed Franchise Group investment, ruling that the claims amounted to an impermissible hindsight critique of a risky business decision.

  • March 31, 2026

    Lenders Balk At Bankrupt IHC's Pitch To Hire Raymond James

    Six creditors have asked a Texas bankruptcy judge to withhold approval from senior living facility investor and operator Inspired Healthcare Capital's current bid to hire Raymond James & Associates Inc. in the company's Chapter 11.

  • March 31, 2026

    Colo. Judge OKs $2.5M Damages In Metal Workers' Wage Suit

    The owner of a now-defunct metal fabrication and construction company will have to shell out $2.5 million in damages in a case seeking unpaid wages, a Colorado federal judge has ruled, agreeing with a magistrate judge's recommendation to enter default judgment but disagreeing that theft damages were not necessary.

  • March 31, 2026

    Beasley Allen Seeks Stay Of DQ In Federal J&J Talc MDL

    The Beasley Allen Law Firm asked a New Jersey federal court on Monday to hold off on disqualifying it from talc litigation against Johnson & Johnson while it appeals the disqualification order which it called "unprecedented and incorrect."

  • March 31, 2026

    Mountain Sports Wins Ch. 11 Liquidation Plan OK

    Sports retailer Mountain Sports LLC received confirmation Tuesday from a Delaware bankruptcy judge of its Chapter 11 liquidation plan after unsecured creditors backed the plan.

  • March 31, 2026

    Cancer Vaccine Developer Files Ch. 7 After Trials Fall Short

    A Denmark-based biotechnology firm filed for Chapter 7 liquidation Tuesday in Delaware with more than $10 million in debt after its prospective cancer vaccine failed to measure up under testing and win regulatory approval last year.

  • March 30, 2026

    Burford Considers Arbitration After 2nd Circ. Tosses $16B Win

    Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.

  • March 30, 2026

    Del Monte Says Lenders' Appeal Belongs In District Court

    Del Monte Foods has urged a New Jersey bankruptcy judge to deny a lender group's request to certify a settlement order for direct appeal to the Third Circuit, arguing that the group's challenge to the Chapter 11 deal should play out in district court instead.

  • March 30, 2026

    Ligado Settlement Payment Owed To Inmarsat Sent To Escrow

    A Delaware bankruptcy judge Monday diverted a $100 million settlement payment that bankrupt telecom company Ligado Networks owed to satellite operator Inmarsat into escrow after Ligado alleged Inmarsat breached the deal.

  • March 30, 2026

    Steward Health Creditor Trustee Sues Aetna For $6.4M

    The leader of a creditor litigation trust in Steward Health Care's bankruptcy case has launched an adversary proceeding in Texas bankruptcy court against Aetna Health, saying the insurer has refused to pay $6.36 million owed to hospitals formerly owned by Steward.

  • March 30, 2026

    Atty Gets Reciprocal NJ Suspension For Ethics Violations

    The New Jersey Supreme Court has imposed a three-year suspension on an attorney who had a Colorado law practice as a reciprocal discipline for ethics violations related to her conduct representing a client in Colorado legal matters, including having practiced law while suspended.

  • March 27, 2026

    2nd Circ. Tosses $16B YPF Judgment Against Argentina

    A panel of the Second Circuit Court of Appeals reversed a New York judge's $16 billion judgment against Argentina arising from its nationalization of the country's largest oil and gas exploration company, saying Friday Argentine law doesn't obligate the country to comply with YPF SA's corporate bylaws.

  • March 27, 2026

    SEC Shutters Case Against Bankrupt Fatburger Parent

    The U.S. Securities and Exchange Commission announced Friday that it is walking away from a case accusing restaurant franchisor FAT Brands of running an illegal $27 million personal loan scheme to fuel its former CEO's lavish lifestyle as the public company foundered.

  • March 27, 2026

    NY Diocese, Abuse Claimants Reach $148M Ch. 11 Deal

    The Roman Catholic Diocese of Albany, New York, has agreed to pay $148 million as part of a settlement reached with a committee of sexual abuse claimants in its Chapter 11, it announced Friday.

  • March 27, 2026

    NYC Sheds FDIC's Claim For Silicon Valley Bank Tax Refund

    A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.

Expert Analysis

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    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

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    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

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    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

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    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.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • Perspectives

    Nursing Home Abuse Cases Face 3 Barriers That Need Reform

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    Recent headlines reveal persistent gaps in oversight and protection for vulnerable residents in long-term care, but prosecution of these cases is often stymied by numerous challenges that will require a comprehensive overhaul of regulatory, legal and financial structures to address, says Veronica Finkelstein at Wilmington University.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

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