Bankruptcy

  • February 11, 2026

    Steward Health Creditor Trust Seeks $56M From Insurers

    The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medical bills totaling more than $56 million.

  • February 11, 2026

    Pa. City Sues Over Sewers, Urged To Pull Ch. 9 Plan

    The bankrupt city of Chester, Pennsylvania, has brought a lawsuit in its longstanding fight over sewer pipe ownership, and the Philadelphia suburb's water authority told a judge Wednesday the city needs a new restructuring plan after the state's highest court foreclosed an attempt to take control of its water system.

  • February 11, 2026

    Beasley Allen Wants Talc DQ Paused Pending High Court Appeal

    Hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder risk appearing in an upcoming trial without their preferred counsel from the Beasley Allen Law Firm, unless a New Jersey state court stays an order disqualifying the firm, it said.

  • February 11, 2026

    Bankruptcy Court Asked To Keep Nicklaus Biopic Deal Intact

    A film production company has urged a Delaware bankruptcy court not to allow any successful bidder for brand licensing rights of Jack Nicklaus to disturb a biopic screenplay agreement involving an affiliate of the insolvent business bearing the golf legend's name, saying the firm's role is commercially critical.

  • February 11, 2026

    CCA Gets OK On Ch. 11 Plan After Bahamas Developer Deal

    A New Jersey bankruptcy judge Wednesday signed off on Chinese state-owned firm CCA Construction Inc.'s Chapter 11 plan, months after the debtor reached a settlement with a Bahamian resort developer whose $1.6 billion court win sent CCA into bankruptcy.

  • February 10, 2026

    Saks Global To Close 9 More Stores In Ch. 11

    Saks Global said on Tuesday it plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location in the U.S., as it looks to boost its business through a Chapter 11 restructuring. 

  • February 10, 2026

    America's Test Kitchen Harvests Food52 Assets In Ch. 11

    A Chapter 11 deal to serve up assets of cooking and home goods e-commerce company Food52 Inc. to America's Test Kitchen secured a Delaware Bankruptcy judge's approval Tuesday, one of three sale measures totaling nearly $12.5 million to move forward.

  • February 10, 2026

    Eddie Bauer Stores Get Ok For Early March Ch. 11 Auction

    A New Jersey bankruptcy judge approved a Chapter 11 schedule Tuesday for the retail operator for outdoor clothing brand Eddie Bauer that will see the company on the block by early March and any unsold stores closed for good by the end of April.

  • February 10, 2026

    Venezuela, Mining Co. Won't Shoulder $3.1M In Citgo Fees

    A special master has lost his request to have Venezuela and gold mining company Gold Reserve pay his $3.1 million bill for defending against their unsuccessful bid to have him disqualified in long-running litigation over the sale of Citgo, with a judge saying they shouldn't have to shoulder "more than their ordinary share" of the fees.

  • February 10, 2026

    Theme Park Files Ch. 11 After Wrongful Death Judgment

    The owner of Colorado's Glenwood Caverns Adventure Park has filed for Chapter 11 protection in Delaware bankruptcy court, saying it's unable to pay a $116 million wrongful death judgment.

  • February 10, 2026

    DOJ Drops Bid For Offshore Asset Freeze In $28M Tax Suit

    The U.S. Department of Justice and a family of overseas-trust beneficiaries struck a partial deal in a $28 million tax suit in Florida federal court, with the DOJ dropping its push to freeze the family's assets and the family agreeing to temporarily limit their account withdrawals.

  • February 10, 2026

    AI Docs Sent By Exec To Attys Not Privileged, Judge Says

    A Manhattan federal judge said Tuesday that a Texas financial services executive accused of a $150 million fraud cannot claim privilege over documents that he prepared using an artificial intelligence service and sent to his attorneys — but suggested the materials could be problematic if used at trial.

  • February 09, 2026

    Altar'd State Opens Bidding For Francesca's IP At $7M

    Faith-based clothing retailer Altar'd State set an opening bid of $7 million for the intellectual property of bankrupt women's clothing retailer Francesca's, the debtor told a New Jersey bankruptcy judge Monday.

  • February 09, 2026

    Nuclear Power Workers Defend Wage-Fixing Suit

    Former nuclear power plant workers urged a Maryland federal judge not to let Constellation Energy, DTE Energy, Duke Energy, NextEra Energy and others duck a proposed class action alleging a wage-fixing conspiracy that allegedly spanned "100% of the nuclear power generation labor market."

  • February 09, 2026

    Prime Core Sues SFox For $2.6M Clawback In Crypto Ch. 11

    The litigation trust for bankrupt cryptocurrency custodian Prime Core Technologies Inc. is seeking to claw back $2.6 million of preferential transfers from one of the company's former end users, stablecoin platform sFox Inc.

  • February 09, 2026

    Calif. Catholic Friars Strike $20M Sex Abuse Deal In Ch. 11

    An organization of Franciscan friars in California has informed a bankruptcy judge it reached a $20 million settlement with its creditors committee to address the sexual abuse claims asserted by nearly 100 people.

  • February 09, 2026

    America's Test Kitchen Owner Wins Auction For Food52 Brand

    Cooking and home goods e-commerce company Food52 Inc. has told a Delaware bankruptcy judge that the owner of the America's Test Kitchen television show's brand has submitted the winning bid for its primary business.

  • February 09, 2026

    Blockchain Co. Archblock Files Ch. 11 With Debt Over $100M

    Blockchain financial technology company Archblock LLC filed for Chapter 11 bankruptcy relief in Delaware, listing more than $100 million in liabilities and less than $10 million in assets.

  • February 09, 2026

    Eddie Bauer Retail Operator Hits Ch. 11 With $1B+ Debt

    Eddie Bauer LLC, a retail operator for the outdoor apparel brand, sought Chapter 11 protection early Monday in New Jersey bankruptcy court, reporting more than $1 billion in liabilities and listing more than 100,000 creditors.

  • February 06, 2026

    Food Logistics Co. Can't Ditch Suit Over Toxic Fruit Pouches

    Parents who allege their child suffered injuries from a fruit purée pouch that allegedly contained unsafe lead levels can pursue claims against the company they say designed the pouch, but strict liability and express warranty cannot be among them, an Illinois federal judge said.

  • February 06, 2026

    Ch. 11 Judge Urged To Suspend 'Dictatorial' FAT Brands CEO

    FAT Brands creditors asked a Texas bankruptcy judge Thursday to suspend the restaurant franchiser's CEO Andrew Wiederhorn, arguing that within days of filing Chapter 11, Wiederhorn sold $3.1 million in equity without court approval, proving he's "dictatorial" and is "incapable of distinguishing a public company's property from his own."

  • February 06, 2026

    Imerys Insurers Make Final Stand Against Ch. 11 Plan

    Parties supporting Imerys Talc America Inc. and Cyprus Mines Corp.'s joint Chapter 11 plan squared up one last time against dissenting insurers in Delaware bankruptcy court Friday, each side hoping to win a fight over the treatment of foreign tort claims that derailed a confirmation in April.

  • February 06, 2026

    Linqto Gets OK For Ch. 11 Plan With Stock Deal

    A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.

  • February 06, 2026

    Contractor Owner Fights Perjury Charges Tied To Bankruptcy

    The owner of a bankrupt government contractor has asked a Delaware federal court to throw out a perjury indictment against her, arguing federal prosecutors criminalized what she said were good faith, and in some cases accurate, disclosures made during a fast-moving bankruptcy case

  • February 06, 2026

    3rd Circ. Remands J&J Unit's Libel Suit Over Talc Study

    Johnson & Johnson's talc liability unit will get another chance to pursue libel claims against a scientist over an article she wrote linking talcum power to mesothelioma, after the Third Circuit agreed to send the case back to New Jersey federal court. 

Expert Analysis

  • Series

    Law School's Missed Lessons: Practical Problem Solving

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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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.

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